Equity
A+ PROJECTS has made a profit in every financial year since 2024.
In July 2024, 2,547 companies had the same profile as A+ PROJECTS has now. Each dot stands for 7 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,547 companies, not a prediction for A+ PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| A+ PROJECTS Nieuwpoort | €90,727 | €4,145 | 70.4% | - |
| RENELUX Kontich | €62,748 | €6,039 | 20.0% | - |
| DARON IMMO Houyet | €117,024 | €8,270 | 4.3% | - |
| DDK BOUWBEDRIJF Antwerp | €75,031 | €5,319 | 13.0% | - |
| We-Fix Waasmunster | €78,951 | €10,322 | 11.2% | - |
| Immo Castillo Bièvre | €62,762 | €4,764 | -1.1% | - |
| GVJ REAL ESTATE Zaventem | €110,510 | €1,870 | 4.3% | - |
These companies have the same main activity as A+ PROJECTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €62,700 and €117,000, founded between 2023 and 2024.
A+ PROJECTS files the abbreviated format. That format states no turnover. The gross margin fell from €32,985 in 2024 to €4,145 in 2026.
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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €17,000. Estimated: probably between €8,400 and €51,000.
Higher than 81% of 12,430 companies in 2025.
Higher than 78% of 11,958 companies in 2025.
Higher than 95% of 12,333 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
90,727 | 86,498 | 44,257 | |
21/28 |
2,656 | 3,531 | - | |
22/27 |
2,656 | 3,531 | - | |
24 |
2,656 | 3,531 | - | |
29/58 |
88,071 | 82,967 | 44,257 | |
40/41 |
28,146 | 24,905 | 39,260 | |
40 |
28,136 | - | 39,000 | |
41 |
10 | 24,905 | 260 | |
54/58 |
57,800 | 56,718 | 4,997 | |
490/1 |
2,126 | 1,345 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
90,727 | 86,498 | 44,257 | |
10/15 |
63,899 | 62,526 | 31,294 | |
10/11 |
5,000 | 5,000 | 5,000 | |
14 |
58,899 | 57,526 | 26,294 | |
17/49 |
26,828 | 23,973 | 12,963 | |
42/48 |
26,828 | 23,973 | 12,963 | |
44 |
19,894 | 14,369 | 125 | |
440/4 |
19,894 | 14,369 | 125 | |
45 |
3,886 | 9,604 | 6,677 | |
450/3 |
3,886 | 9,604 | 6,677 | |
47/48 |
3,048 | - | 6,161 | |
| Income statement | ||||
9900 |
4,145 | 41,958 | 32,985 | |
630 |
875 | 844 | - | |
640/8 |
1,122 | 864 | - | |
9901 |
2,148 | 40,250 | 32,985 | |
75/76B |
1,347 | 665 | - | |
75 |
1,347 | 665 | - | |
65/66B |
322 | 122 | 43 | |
65 |
322 | 122 | 43 | |
9903 |
3,174 | 40,793 | 32,942 | |
67/77 |
1,801 | 9,561 | 6,647 | |
9904 |
1,373 | 31,231 | 26,294 | |
9905 |
1,373 | 31,231 | 26,294 | |
| Appropriation of the result | ||||
9906 |
58,899 | 57,526 | 26,294 | |
14P |
57,526 | 26,294 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 26-10-2026.
| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| 3,023 | 41,094 | - | ||
| 2,248 | 32,075 | - | ||
| 0 | 4,375 | - | ||
| 1,082 | 51,721 | - | ||
| 61,242 | 58,995 | 31,294 | ||
| 70.4% | 72.3% | 70.7% | ||
| 3.28 | 3.46 | 3.41 | ||
| 0.42 | 0.38 | 0.41 | ||
| 2.1% | 49.9% | 84.0% | ||
| 1.5% | 36.1% | 59.4% | ||
| 9.40 | over 100 | - |
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.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 |
|---|---|---|---|
| Tangible fixed assets | - | €4,375 | - |
| €875 | €844 | - |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 95% lower than in 2025 and the lowest since 2024.
Debt's share of the balance-sheet total rises from 27.7% to 29.6%. Equity and debt are higher.
A+ PROJECTS has no parent and no holdings in its annual accounts. is the only director. A+ PROJECTS shares no director with another company.
| BLOOM
registered office since 05-02-2003 · founded in 2003 |
3.9 FTE (2025) 0479.489.608 |
| ARCHITECTENBURO STEYAERT PHILIPPE
registered office since 23-05-2008 · founded in 2008 |
total assets €1.5m (2025) 0898.112.508 |
| C+ projects
registered office since 22-05-2023 · founded in 2023 |
total assets €500,822 (2025) 0801.953.240 |
| Steyaert Projects
registered office since 19-11-2020 · founded in 2020 |
total assets €219,798 (2025) 0758.585.629 |
| STEYINVEST
registered office since 07-11-2022 · founded in 2022 |
total assets €178,008 (2025) 0793.335.680 |
| 8Miles
registered office since 02-03-2026 |
founded in 2026 1035.031.471 |
| Steyaert, Cyriel (sole trader)
establishment since 10-10-2023 |
founded in 2023 1001.018.719 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Start date | Unit number |
|---|---|---|
| Emile Verhaerenlaan 67 registered office 8620 Nieuwpoort | 08-03-2024 | 2.356.864.923 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38402D0517/00B009 | 2,071 m² | 1 · 371 m² | 12.2 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1006.915.032
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