AUGUST PROJECTS
ActiveSummary
AUGUST PROJECTS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,143) and a net result of -€8,493. Equity is shrinking by about 45% per year across the filed financial years. Its solvency ranks better than 5% of 16,985 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years
The operating result has fallen two years in a row; 2025 is 74% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,007 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €256 | €953 | - | - | - | - |
| Other operating charges640/8 | - | €4,085 | €649 | €175 | €577 | ▲ 230% |
| Gross operating margin9900 | -€1,244 | -€17,320 | €3,626 | €2,085 | €1,078 | ▼ 48.3% |
| Operating profit (loss)9901 | -€1,499 | -€22,357 | €2,978 | €1,910 | €502 | ▼ 73.7% |
| Financial charges65/66B | €6 | €590 | €9,650 | €8,730 | €8,661 | ▼ 0.8% |
| Recurring financial charges65 | €6 | €590 | €9,650 | €8,730 | €8,661 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | -€1,505 | -€22,948 | -€6,673 | -€6,820 | -€8,159 | ▼ 19.6% |
| Income taxes67/77 | - | - | €838 | €866 | €334 | ▼ 61.4% |
| Profit (loss) for the period9904 | -€1,505 | -€22,948 | -€7,511 | -€7,686 | -€8,493 | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,505 | -€22,948 | -€7,511 | -€7,686 | -€8,493 | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,582 | €390 | €2,066 | €441 | €1,264 | ▲ 187% |
| Formation expenses20 | €953 | €0 | - | - | - | - |
| Current assets29/58 | €17,629 | €390 | €2,066 | €441 | €1,264 | ▲ 187% |
| Amounts receivable within one year40/41 | €210 | €274 | €466 | €277 | €1,106 | ▲ 300% |
| Trade receivables40 | - | - | €101 | - | - | - |
| Other amounts receivable41 | €210 | €274 | €366 | €277 | €1,106 | ▲ 300% |
| Cash at bank and in hand54/58 | €17,419 | €115 | €1,599 | €164 | €157 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,582 | €390 | €2,066 | €441 | €1,264 | ▲ 187% |
| Equity10/15 | €18,495 | -€4,453 | -€11,964 | -€19,650 | -€28,143 | ▼ 43.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€1,505 | -€24,453 | -€31,964 | -€39,650 | -€48,143 | ▼ 21.4% |
| Amounts payable17/49 | €87 | €4,842 | €14,029 | €20,091 | €29,407 | ▲ 46.4% |
| Amounts payable within one year42/48 | €87 | €4,842 | €14,029 | €20,091 | €29,407 | ▲ 46.4% |
| Trade debts44 | €87 | €5 | €355 | €853 | €8 | ▼ 99.1% |
| Suppliers440/4 | €87 | €5 | €355 | €853 | €8 | ▼ 99.1% |
| Taxes, remuneration and social security45 | - | €18 | €838 | €866 | €170 | ▼ 80.3% |
| Taxes450/3 | - | €18 | €838 | €866 | €170 | ▼ 80.3% |
| Other amounts payable47/48 | - | €4,820 | €12,836 | €18,372 | €29,229 | ▲ 59.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,505 | -€22,948 | -€7,511 | -€7,686 | -€8,493 | ▼ 10.5% |
| + Depreciation and write-downs630 | €256 | €953 | - | - | - | - |
| Operating cash flow (approximation) | -€1,249 | -€21,995 | -€7,511 | -€7,686 | -€8,493 | ▼ 10.5% |
| Change in cash | - | -€17,304 | €1,484 | -€1,435 | -€6 | ▲ 99.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 09-04-2026 | 2026-00077270 |
| 30-09-2024 | micro format | 01-04-2025 | 2025-00063009 |
| 30-09-2023 | micro format | 09-04-2024 | 2024-00060839 |
| 30-09-2022 | micro format | 06-07-2023 | 2023-00230734 |
| 30-09-2021 | micro format | 11-04-2022 | 2022-20002870 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.