A 12 Projects
ActiveSummary
A 12 Projects has been active since 1961 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€1,202) and a net result of €4,099. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-8
Solvency24▲+24
Growth58=
Track record92
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.72 in 2023; short-term debt: 80.2% and cash: 2.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-1%
Return on assets
3.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 26040 sector peers (2024).
NBB · sector comparisonPosition among 26040 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
27 d late
2022
31 d late
2021
32 d late
2020
61 d late
2019
124 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
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Financials · fiscal year 2024, micro schema
Equity
-€1,202▲ 77.3%
2023 · -€5,300
Total assets
€122,409▲ 571%
2023 · €18,251
Net result
€4,099▲ 122%
2023 · €1,846
Working capital
-€22,632▼ 239%
2023 · -€6,676
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1,230-€8,864€10,205€3,183▼ 68.8%€6,499▲ 104%
Net result-€5,156below the sector's middle half▼ 44.5%-€12,201below the sector's middle half▼ 137%€9,500within the sector's middle half€1,846within the sector's middle half▼ 80.6%€4,099within the sector's middle half▲ 122%
Equity-€4,446below the sector's middle half-€16,647below the sector's middle half▼ 274%-€7,147below the sector's middle half▲ 57.1%-€5,300below the sector's middle half▲ 25.8%-€1,202below the sector's middle half▲ 77.3%
Total assets€12,464below the sector's middle half▼ 53.1%€21,400below the sector's middle half▲ 71.7%€15,816below the sector's middle half▼ 26.1%€18,251below the sector's middle half▲ 15.4%€122,409within the sector's middle half▲ 571%
Debt€16,910▼ 34.6%€38,047▲ 125%€22,963▼ 39.6%€23,552▲ 2.6%€123,611▲ 425%
Working capital-€4,446-€19,247▼ 333%-€9,879▲ 48.7%-€6,676▲ 32.4%-€22,632▼ 239%
Solvency-35.7%below the sector's middle half▼ 38.3pp-77.8%below the sector's middle half▼ 42.1pp-45.2%below the sector's middle half▲ 32.6pp-29.0%below the sector's middle half▲ 16.1pp-1.0%below the sector's middle half▲ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 104% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122,409
Fixed assets
€46,930 ▲ 3,312%
Current assets
€75,479 ▲ 347%
Key figures and ratios
EBITDA
€14,722▲
2023 · €4,539
Cash flow
€12,322▲
2023 · €3,203
Current ratio
0.77▲
2023 · 0.72
Quick ratio
0.65▲
2023 · 0.23
ROA
3.3%▼
2023 · 10.1%
Interest coverage
14.18▼
2023 · 46.34
Debt ≤ 1 year
€98,111▲
2023 · €23,552
Debt > 1 year
€17,500
Income taxes
€1,362▲
2023 · €1,239
A ratio outside any meaningful range has been withheld (balance sheet total €122,409, equity -€1,202).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,447 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €122 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €650 | €1,233 | €1,356 | €8,223 | ▲ 506% |
| Other operating charges640/8 | - | €1,214 | €913 | €1,574 | €2,172 | ▲ 38.0% |
| Gross operating margin9900 | €1,668 | -€6,878 | €12,352 | €6,114 | €16,894 | ▲ 176% |
| Operating profit (loss)9901 | €1,230 | -€8,864 | €10,205 | €3,183 | €6,499 | ▲ 104% |
| Financial charges65/66B | - | €45 | €705 | €98 | €1,038 | ▲ 960% |
| Recurring financial charges65 | €45 | €45 | €705 | €98 | €1,038 | ▲ 960% |
| Profit (loss) for the period before taxes9903 | €1,186 | -€8,909 | €9,500 | €3,085 | €5,461 | ▲ 77.0% |
| Income taxes67/77 | €6,341 | €3,292 | - | €1,239 | €1,362 | ▲ 10.0% |
| Profit (loss) for the period9904 | -€5,156 | -€12,201 | €9,500 | €1,846 | €4,099 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | -€5,156 | -€12,201 | €9,500 | €1,846 | €4,099 | ▲ 122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,464 | €21,400 | €15,816 | €18,251 | €122,409 | ▲ 571% |
| Fixed assets21/28 | - | €2,600 | €2,732 | €1,376 | €46,930 | ▲ 3,312% |
| Tangible fixed assets22/27 | - | €2,600 | €2,732 | €1,376 | €46,930 | ▲ 3,312% |
| Furniture and vehicles24 | - | €2,600 | €2,732 | €1,376 | €46,930 | ▲ 3,312% |
| Current assets29/58 | €12,464 | €18,800 | €13,084 | €16,875 | €75,479 | ▲ 347% |
| Stocks and contracts in progress3 | €8,800 | €18,800 | €11,400 | €11,400 | €11,400 | = |
| Stocks30/36 | - | €18,800 | €11,400 | €11,400 | €11,400 | = |
| Amounts receivable within one year40/41 | €2,123 | - | - | - | €60,253 | - |
| Trade receivables40 | - | - | - | - | €54,610 | - |
| Other amounts receivable41 | - | - | - | - | €5,642 | - |
| Cash at bank and in hand54/58 | €1,541 | - | €1,684 | €5,475 | €2,903 | ▼ 47.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €924 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,464 | €21,400 | €15,816 | €18,251 | €122,409 | ▲ 571% |
| Equity10/15 | -€4,446 | -€16,647 | -€7,147 | -€5,300 | -€1,202 | ▲ 77.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - |
| Reserves13 | €963 | €963 | €963 | €963 | €963 | = |
| Non-distributable reserves130/1 | - | €963 | €963 | €963 | €963 | = |
| Legal reserve130 | - | €963 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €963 | €963 | €963 | = |
| Profit (loss) carried forward14 | -€24,001 | -€36,202 | -€26,702 | -€24,855 | -€20,757 | ▲ 16.5% |
| Amounts payable17/49 | €16,910 | €38,047 | €22,963 | €23,552 | €123,611 | ▲ 425% |
| Amounts payable after more than one year17 | - | - | - | - | €17,500 | - |
| Financial debts170/4 | - | - | - | - | €17,500 | - |
| Amounts payable within one year42/48 | €16,910 | €38,047 | €22,963 | €23,552 | €98,111 | ▲ 317% |
| Financial debts43 | - | €9,626 | - | - | - | - |
| Credit institutions430/8 | - | €9,626 | - | - | - | - |
| Trade debts44 | €1,535 | - | €1,352 | €16,878 | €29,251 | ▲ 73.3% |
| Suppliers440/4 | - | - | €1,352 | €16,878 | €29,251 | ▲ 73.3% |
| Taxes, remuneration and social security45 | - | - | €2,413 | €2,507 | €2,601 | ▲ 3.8% |
| Taxes450/3 | - | - | €2,413 | €2,507 | €2,601 | ▲ 3.8% |
| Other amounts payable47/48 | - | €28,421 | €19,199 | €4,167 | €66,259 | ▲ 1,490% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,156 | -€12,201 | €9,500 | €1,846 | €4,099 | ▲ 122% |
| + Depreciation and write-downs630 | - | €650 | €1,233 | €1,356 | €8,223 | ▲ 506% |
| Operating cash flow (approximation) | -€5,156 | -€11,551 | €10,733 | €3,203 | €12,322 | ▲ 285% |
| Investment in fixed assets (approximation) | - | - | -€1,365 | €0 | -€53,778 | - |
| Change in cash | - | - | - | €3,791 | -€2,572 | ▼ 168% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €9,500
Net result €9,500 after 4 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-12
Financial
Weakest financial yearnet -€12,201
Net result drops to -€12,201, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
20-12
KBO administration
Strikeout withdrawal
event 27-11-2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 484 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 569 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 934 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Londerzeel · 1 establishment unit since 1961
Ground area
2,722 m²
Building footprint
521 m²
Volume, LiDAR
3,000 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Veilinglaan 60, 1861 Meise
since 19612.020.046.675
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093F0157/00L000 | Flanders | 1,508 m² | 1 · 309 m² | 6.4 m · 2 fl. |
| 23045E0433/00L000 | Flanders | 1,215 m² | 1 · 212 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMeise2.020.046.675
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RA&ST ELECTROMENAGER
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Of 1,513 companies in sector 47540 we hold annual accounts for 806. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1961
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0402241380
Also
9925:BE0402241380
Registered
28-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.