AB PROJECT
ActiveSummary
AB PROJECT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7,948 and a net result of -€3,780. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 12% of 2097 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-1
Solvency28▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
3.4%
Return on assets
-1.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,780
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2097 sector peers (2024).
NBB · sector comparisonPosition among 2097 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
64 d late
2022
119 d late
2021
19 d late
2020
61 d late
2019
126 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 60 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€7,948▼ 32.2%
2023 · €11,728
Total assets
€231,096▼ 71.2%
2023 · €801,851
Net result
-€3,780▲ 62.6%
2023 · -€10,100
Working capital
€7,948▼ 32.2%
2023 · €11,728
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€87,511€290,284▲ 232%€31,859▼ 89.0%-€9,580-€3,228▲ 66.3%
Net result€59,832€273,219▲ 357%€31,566▼ 88.4%-€10,100-€3,780▲ 62.6%
Equity€21,043▲ 87.7%€22,262▲ 5.8%€21,828▼ 2.0%€11,728▼ 46.3%€7,948▼ 32.2%
Total assets€1.3m▲ 380%€1.5m▲ 17.7%€987,746▼ 36.2%€801,851▼ 18.8%€231,096▼ 71.2%
Debt€1.3m▲ 392%€1.5m▲ 17.9%€965,918▼ 36.7%€790,123▼ 18.2%€223,147▼ 71.8%
Working capital€21,043▲ 87.7%€22,262▲ 5.8%€21,828▼ 2.0%€11,728▼ 46.3%€7,948▼ 32.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -88% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,228 in 2024 against €9,580 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €231,096
Equity
€7,948 ▼ 32.2%
Debt
€223,147 ▼ 71.8%
Debt's share of the balance-sheet total falls from 98.5% to 96.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.04▲
2023 · 1.01
Debt to equity
28.07▼
2023 · 67.37
ROE
-47.6%▲
2023 · -86.1%
ROA
-1.6%▼
2023 · -1.3%
Debt ≤ 1 year
€223,147▼
2023 · €790,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,038 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 1,038 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €410 | €1,238 | €62 | €1,928 | ▲ 3,009% |
| Gross operating margin9900 | €87,920 | €290,694 | €33,096 | -€9,518 | -€1,301 | ▲ 86.3% |
| Operating profit (loss)9901 | €87,511 | €290,284 | €31,859 | -€9,580 | -€3,228 | ▲ 66.3% |
| Financial income75/76B | - | €2,954 | - | - | - | - |
| Recurring financial income75 | €0 | €25 | - | - | - | - |
| Non-recurring financial income76B | - | €2,929 | - | - | - | - |
| Financial charges65/66B | - | €19,575 | €293 | €520 | €551 | ▲ 6.1% |
| Recurring financial charges65 | €27,064 | €19,575 | €293 | €520 | €551 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €60,447 | €273,663 | €31,566 | -€10,100 | -€3,780 | ▲ 62.6% |
| Income taxes67/77 | €615 | €444 | - | - | - | - |
| Profit (loss) for the period9904 | €59,832 | €273,219 | €31,566 | -€10,100 | -€3,780 | ▲ 62.6% |
| Profit (loss) for the period to be appropriated9905 | €59,832 | €273,219 | €31,566 | -€10,100 | -€3,780 | ▲ 62.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €987,746 | €801,851 | €231,096 | ▼ 71.2% |
| Current assets29/58 | €1.3m | €1.5m | €987,746 | €801,851 | €231,096 | ▼ 71.2% |
| Stocks and contracts in progress3 | €898,067 | €594,213 | - | €22,682 | - | - |
| Stocks30/36 | - | €594,213 | - | €22,682 | - | - |
| Amounts receivable within one year40/41 | €10,280 | €212,710 | €967,134 | €767,489 | €47,953 | ▼ 93.8% |
| Trade receivables40 | - | €9,660 | €9,660 | €9,660 | €37,245 | ▲ 286% |
| Other amounts receivable41 | - | €203,050 | €957,474 | €757,829 | €10,708 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €404,578 | €741,388 | €20,612 | €11,680 | €183,143 | ▲ 1,468% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €987,746 | €801,851 | €231,096 | ▼ 71.2% |
| Equity10/15 | €21,043 | €22,262 | €21,828 | €11,728 | €7,948 | ▼ 32.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €1,043 | €2,262 | €1,828 | -€8,272 | -€12,052 | ▼ 45.7% |
| Amounts payable17/49 | €1.3m | €1.5m | €965,918 | €790,123 | €223,147 | ▼ 71.8% |
| Amounts payable within one year42/48 | €1.3m | €1.5m | €965,918 | €790,123 | €223,147 | ▼ 71.8% |
| Trade debts44 | €191,409 | €8,238 | €287,937 | €304,118 | €1,065 | ▼ 99.6% |
| Suppliers440/4 | - | €8,238 | €287,937 | €304,118 | €1,065 | ▼ 99.6% |
| Taxes, remuneration and social security45 | - | €386,586 | - | - | - | - |
| Taxes450/3 | - | €386,586 | - | - | - | - |
| Other amounts payable47/48 | - | €1.1m | €677,981 | €486,004 | €222,082 | ▼ 54.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,832 | €273,219 | €31,566 | -€10,100 | -€3,780 | ▲ 62.6% |
| Operating cash flow (approximation) | €59,832 | €273,219 | €31,566 | -€10,100 | -€3,780 | ▲ 62.6% |
| Change in cash | - | €336,810 | -€720,776 | -€8,932 | €171,463 | ▲ 2,020% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
31-12
Financial
Weakest financial yearnet -€10,100
Net result drops to -€10,100, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Highest result since 2018net €273,219 ▲357%
Operating result €290,284, net result €273,219, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €59,832
Net result €59,832 after 2 loss-making years.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Oudsbergen · 1 establishment unit since 2015
Ground area
1.9 ha
Building footprint
906 m²
Volume, LiDAR
5,092 m³
Parcel 71562B0905/00S003, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
AB PROJECT
since 20152.302.285.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0905/00S003 | Flanders | 1.9 ha | 1 · 906 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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D & D CONSTRUCT
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Fixed By Juulz
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AMZ Invest
BE 0776.966.733
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 8,346 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
Founded02-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643784842
Also
9925:BE0643784842
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.