Losses
Every financial year from 2010 to 2015 closed with a loss. 2013 was the heaviest.
Every financial year from 2010 to 2015 closed with a loss. 2013 was the heaviest.
Of this, €773,887 falls due within a year.
Four of the last ten came late. The 2007 accounts came latest: 196 days after the end of the period.
Equity fell from €21,231 in 2009 to -€2.5m in 2015, while debts rose from €1.2m to €4.6m.
On 7 March 2017 the court declared A PROJECTS bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Staff costs divided by the average number of full-time equivalents.
In 2015, 1 person joined and 5 left.
| Line | Trend | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
2.1m | 1.9m | 1.8m | 1.1m | 643,641 | 1.2m | 606,544 | 158,941 | 385,092 | |
20 |
- | - | - | - | - | - | - | 24 | 246 | |
21/28 |
46,325 | 73,942 | 100,176 | 108,075 | 124,794 | 144,585 | 93,375 | 1,157 | 1,003 | |
22/27 |
46,305 | 73,202 | 99,436 | 107,335 | 124,054 | 143,845 | 92,635 | 1,113 | 737 | |
22 |
1,470 | 1,537 | 1,604 | - | - | - | - | - | - | |
23 |
1,280 | 3,497 | 5,928 | 8,538 | 3,067 | 3,871 | - | - | - | |
24 |
2,565 | 19,018 | 49,984 | 51,207 | 71,688 | 90,552 | 51,593 | 1,113 | 737 | |
26 |
40,990 | 49,150 | 41,920 | 45,234 | 44,586 | 42,353 | 31,616 | - | - | |
28 |
20 | 740 | 740 | 740 | 740 | 740 | 740 | 20 | 20 | |
29/58 |
2.1m | 1.9m | 1.6m | 943,395 | 518,847 | 1.1m | 513,169 | 157,784 | 384,089 | |
29 |
40,000 | 40,000 | 40,000 | - | - | - | - | - | - | |
291 |
40,000 | 40,000 | 40,000 | - | - | - | - | - | - | |
3 |
416,114 | - | - | - | - | - | - | - | 37,298 | |
30/36 |
416,114 | - | - | - | - | - | - | - | 37,298 | |
40/41 |
1.0m | 1.3m | 1.2m | 943,155 | 302,836 | 1.0m | 500,828 | 53,567 | 198,641 | |
40 |
920,053 | 1.3m | 1.1m | 921,872 | 265,896 | 999,255 | 454,110 | 18,040 | 184,914 | |
41 |
119,429 | 76,560 | 130,414 | 21,283 | 36,940 | 33,598 | 46,718 | 35,527 | 13,727 | |
54/58 |
1,065 | 6,620 | 165 | 240 | 698 | 7,390 | 151 | 31,513 | 1,050 | |
490/1 |
572,036 | 485,751 | 373,993 | - | 215,313 | 62,799 | 12,190 | 72,704 | 147,100 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
2.1m | 1.9m | 1.8m | 1.1m | 643,641 | 1.2m | 606,544 | 158,941 | 385,092 | |
10/15 |
-2.5m | -1.8m | -1.3m | -361,816 | -249,095 | 21,231 | -152,639 | -330,288 | -321,633 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | |
100 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | |
13 |
4,405 | 4,405 | 4,405 | 4,405 | 4,405 | 4,405 | 4,405 | 4,405 | 4,405 | |
130 |
1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 1,289 | |
133 |
3,116 | 3,116 | 3,116 | 3,116 | 3,116 | 3,116 | 3,116 | 3,116 | 3,116 | |
14 |
-2.6m | -1.8m | -1.3m | -427,721 | -315,000 | -44,674 | -218,544 | -396,193 | -387,538 | |
16 |
32,520 | - | - | - | - | - | - | - | - | |
160/5 |
32,520 | - | - | - | - | - | - | - | - | |
17/49 |
4.6m | 3.7m | 3.0m | 1.4m | 892,736 | 1.2m | 759,183 | 489,229 | 706,725 | |
17 |
3.0m | 2.6m | 2.2m | 851,000 | 472,975 | 218,143 | 8,055 | 25,473 | 233,633 | |
170/4 |
3.0m | 2.6m | 2.2m | 851,000 | 472,975 | 218,143 | 8,055 | 25,473 | 233,633 | |
42/48 |
773,887 | 473,912 | 515,953 | 444,381 | 375,065 | 960,030 | 726,905 | 277,061 | 261,115 | |
42 |
- | - | - | 1,699 | 2,914 | 2,679 | 2,462 | 3,146 | 8,991 | |
43 |
3,931 | - | 2,367 | 1,810 | - | - | 2,820 | - | - | |
430/8 |
3,931 | - | 2,367 | 1,810 | - | - | 2,820 | - | - | |
44 |
649,633 | 295,322 | 329,077 | 284,912 | 107,902 | 214,831 | 197,245 | 51,052 | 87,066 | |
440/4 |
649,633 | 295,322 | 329,077 | 284,912 | 107,902 | 214,831 | 197,245 | 51,052 | 87,066 | |
46 |
9,103 | 8,975 | 11,700 | 10,975 | 8,975 | 8,975 | - | - | 26,172 | |
45 |
86,699 | 66,036 | 105,160 | 54,241 | 49,556 | 4,425 | 3,547 | - | - | |
450/3 |
63,504 | 60,110 | 96,960 | 44,365 | 43,521 | - | - | - | - | |
454/9 |
23,195 | 5,926 | 8,200 | 9,876 | 6,035 | 4,425 | 3,547 | - | - | |
47/48 |
24,521 | 103,579 | 67,649 | 90,744 | 205,718 | 729,120 | 520,831 | 222,863 | 138,886 | |
492/3 |
809,324 | 602,638 | 347,585 | 117,905 | 44,696 | 48,223 | 24,223 | 186,695 | 211,977 | |
| Income statement | ||||||||||
76A |
- | - | 17,420 | 2,713 | - | 37,484 | - | - | 105,731 | |
9900 |
-325,023 | -44,816 | -350,385 | 167,759 | -19,229 | 298,290 | 280,552 | 20,657 | 28,453 | |
62 |
69,625 | 165,853 | 235,219 | 150,280 | 117,186 | 85,647 | 38,722 | - | - | |
630 |
27,214 | 41,624 | 48,085 | 37,935 | 34,319 | 22,750 | 7,923 | 1,086 | 2,513 | |
640/8 |
4,268 | 6,223 | 7,763 | 15,517 | 5,504 | 3,829 | 20,119 | 2,089 | 1,472 | |
66A |
- | 34 | 935 | - | - | 36,843 | 3,183 | 3,127 | - | |
9901 |
-426,130 | -258,516 | -641,452 | -35,973 | -176,238 | 186,064 | 213,788 | 17,482 | 24,468 | |
75/76B |
4,045 | 14,477 | 3,603 | - | 1 | 1 | 161 | 51 | - | |
75 |
4,045 | 14,477 | 3,603 | - | 1 | 1 | 161 | 51 | - | |
65/66B |
314,164 | 248,910 | 297,708 | 79,461 | 94,089 | 12,836 | 33,117 | 23,061 | 65,082 | |
65 |
314,164 | 248,910 | 297,708 | 79,461 | 94,089 | 12,836 | 33,117 | 23,061 | 65,082 | |
9903 |
-736,249 | -492,983 | -919,072 | -112,721 | -270,326 | 173,870 | 177,649 | -8,655 | 65,117 | |
67/77 |
36 | 72 | 237 | - | - | - | - | - | 6,633 | |
9904 |
-736,285 | -493,055 | -919,309 | -112,721 | -270,326 | 173,870 | 177,649 | -8,655 | 58,484 | |
9905 |
-736,285 | -493,055 | -919,309 | -112,721 | -270,326 | 173,870 | 177,649 | -8,655 | 58,484 | |
| Appropriation of the result | ||||||||||
9906 |
-2.6m | -1.8m | -1.3m | -427,721 | -315,000 | -44,674 | -218,544 | -396,193 | -387,538 | |
| Social balance sheet | ||||||||||
9087 |
1.2 | 3.6 | 2.5 | 2.6 | 2.5 | 1.9 | 0.7 | - | - | |
Hours worked1013 |
1,872 | 5,183 | 7,464 | 4,559 | 2,993 | 2,246 | 964 | - | - | |
| Document | ||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2015 (PDF), filed on 23-04-2016.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2015 | abbreviated format | 23-04-2016 | 2016-10700430 | |
| 30-09-2014 | abbreviated format | 28-03-2015 | 2015-08000212 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11200225 | |
| 31-12-2011 | abbreviated format | 30-10-2012 | 2012-62600075 | |
| 31-12-2010 | abbreviated format | 28-06-2011 | 2011-22300383 | |
| 31-12-2009 | abbreviated format | 07-09-2010 | 2010-53700380 | |
| 31-12-2008 | abbreviated format | 23-10-2009 | 2009-82500305 | |
| 31-12-2007 | abbreviated format | 12-02-2009 | 2009-04500200 | |
| 31-12-2006 | abbreviated format | 19-06-2007 | 2007-24700278 | |
| 31-12-2005 | abbreviated format | 17-07-2006 | 2006-48500884 | |
| 31-12-2004 | abbreviated format | 30-06-2005 | 2005-38105204 | |
| 31-12-2003 | abbreviated format | 07-07-2004 | 2004-41603932 | |
| 31-12-2002 | abbreviated format | 18-08-2003 | 2003-61804925 | |
| 31-12-2001 | abbreviated format | 26-09-2002 | 2002-58801645 | |
| 31-12-2000 | abbreviated format | 15-06-2001 | 2001-21602566 | |
| 31-12-1999 | abbreviated format | 10-10-2000 | 2000-63203993 | |
| 31-12-1998 | abbreviated format | 04-10-1999 | 1999-51004782 | |
| 31-12-1997 | abbreviated format | 01-07-1998 | 1998-27104516 | |
| 31-12-1996 | abbreviated format | 01-07-1997 | 1997-24804730 | |
| 31-12-1995 | abbreviated format | 28-06-1996 | 1996-26100209 | |
| 31-12-1994 | abbreviated format | 30-06-1995 | 1995-34502401 | |
| 31-12-1993 | abbreviated format | 29-06-1994 | 1994-24003899 | |
| 31-12-1992 | abbreviated format | 28-06-1993 | 1993-19403687 | |
| 31-12-1991 | abbreviated format | 29-06-1992 | 1992-16701106 |
| Line | Trend | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|
| -398,916 | -216,892 | -593,367 | 1,962 | -141,919 | 208,814 | 221,711 | 18,568 | 26,981 | ||
| -709,071 | -451,431 | -871,224 | -74,786 | -236,007 | 196,620 | 185,572 | -7,569 | 60,997 | ||
| 318 | 15,390 | 42,542 | 21,216 | 14,528 | 116,758 | 100,142 | 1,239 | 12,335 | ||
| -5,555 | 6,455 | - | -458 | -6,692 | 7,239 | -31,362 | 30,463 | - | ||
| 1.3m | 1.4m | 1.1m | 499,014 | 143,782 | 143,012 | -213,736 | -119,277 | 122,974 | ||
| -118.7% | -91.7% | -73.2% | -34.4% | -38.7% | 1.7% | -25.2% | -207.8% | -83.5% | ||
| 2.67 | 3.93 | 3.20 | 2.12 | 1.38 | 1.15 | 0.71 | 0.57 | 1.47 | ||
| 2.14 | 3.93 | 3.20 | 2.12 | 1.38 | 1.15 | 0.71 | 0.57 | 1.33 | ||
| - | - | - | - | - | 57.76 | - | - | - | ||
| - | - | - | - | - | 818.9% | - | - | - | ||
| -34.8% | -25.5% | -52.5% | -10.7% | -42.0% | 13.9% | 29.3% | -5.4% | 15.2% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2015 is a loss of €426,130, larger than the loss of €258,516 in 2014.
Equity is negative. Debt (€4.6m) exceeds the balance-sheet total (€2.1m).
Source: lists of holdings in the owners' accounts
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
A PROJECTS is no longer in the KBO register.
If something looks wrong or is missing, please tell us.