B&L PROJECTS
ActiveSummary
B&L PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €816k and a net result of €75k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-1
Solvency78▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity ample (current ratio 1.9 against 1.96 in 2023; short-term debt: 33.3% and cash: 4.4% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.7%
Return on assets
4.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
69 d late
2022
119 d late
2021
92 d late
2020
110 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€816k▲ 10.2%
2023 · €740k
2018: €300klowest in 7 years
2019: €425k▲ +41.7% vs 2018
2020: €504k▲ +18.5% vs 2019
2021: €579k▲ +14.8% vs 2020
2022: €662k▲ +14.4% vs 2021
2023: €740k▲ +11.8% vs 2022
2024: €816k▲ +10.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.55M▲ 14.9%
2023 · €1.35M
2018: €714klowest in 7 years
2019: €1.05M▲ +47.1% vs 2018
2020: €950k▼ -9.5% vs 2019
2021: €1.08M▲ +14.2% vs 2020
2022: €1.11M▲ +2.2% vs 2021
2023: €1.35M▲ +21.4% vs 2022
2024: €1.55M▲ +14.9% vs 2023highest in 7 years
2018 → 2024
Net result
€75k▼ 3.5%
2023 · €78k
2018: €168k
2019: €170k▲ +1.1% vs 2018highest in 7 years
2020: €79k▼ -53.8% vs 2019
2021: €75k▼ -4.8% vs 2020lowest in 7 years
2022: €83k▲ +11.3% vs 2021
2023: €78k▼ -6.1% vs 2022
2024: €75k▼ -3.5% vs 2023
2018 → 2024
Working capital
€465k▲ 26.6%
2023 · €367k
2018: €281k
2019: €364k▲ +29.5% vs 2018
2020: €207k▼ -43.0% vs 2019
2021: €186k▼ -10.2% vs 2020lowest in 7 years
2022: €290k▲ +55.9% vs 2021
2023: €367k▲ +26.3% vs 2022
2024: €465k▲ +26.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€504k-€579k▲ 14.8%€662k▲ 14.4%€740k▲ 11.8%€816k▲ 10.2%
2020: €504klowest in 5 years
2021: €579k▲ +14.8% vs 2020
2022: €662k▲ +14.4% vs 2021
2023: €740k▲ +11.8% vs 2022
2024: €816k▲ +10.2% vs 2023highest in 5 years
Operating result€124k-€105k▼ 15.2%€159k▲ 51.0%€134k▼ 15.5%€133k▼ 1.0%
2020: €124k
2021: €105k▼ -15.2% vs 2020lowest in 5 years
2022: €159k▲ +51.0% vs 2021highest in 5 years
2023: €134k▼ -15.5% vs 2022
2024: €133k▼ -1.0% vs 2023
Net result€79k-€75k▼ 4.8%€83k▲ 11.3%€78k▼ 6.1%€75k▼ 3.5%
2020: €79k
2021: €75k▼ -4.8% vs 2020lowest in 5 years
2022: €83k▲ +11.3% vs 2021highest in 5 years
2023: €78k▼ -6.1% vs 2022
2024: €75k▼ -3.5% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.55M
Fixed assets
€567k ▼ 5.3%
Current assets
€980k ▲ 31.2%
Equity and liabilities €1.55M
Equity
€816k ▲ 10.2%
Debt
€731k ▲ 20.7%
Debt's share of the balance-sheet total rises from 45.0% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174k▼
2023 · €175k
Cash flow
€117k▼
2023 · €119k
Current ratio
1.90▼
2023 · 1.96
Quick ratio
1.24▼
2023 · 1.54
Debt to equity
0.90▲
2023 · 0.82
ROE
9.2%▼
2023 · 10.6%
ROA
4.9%▼
2023 · 5.8%
Interest coverage
9.22▼
2023 · 24.64
Debt ≤ 1 year
€515k▲
2023 · €380k
Debt > 1 year
€216k▼
2023 · €225k
Income taxes
€35k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.35M€1.55M▲
Fixed assets21/28€599k€567k▼
Tangible fixed assets22/27€597k€565k▼
Land and buildings22€584k€549k▼
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€10k€12k▲
Financial fixed assets28€2k€2k=
Current assets29/58€747k€980k▲
Stocks and contracts in progress3€163k€342k▲
Stocks30/36€163k€342k▲
Amounts receivable within one year40/41€487k€569k▲
Trade receivables40€432k€430k▼
Other amounts receivable41€55k€139k▲
Cash at bank and in hand54/58€97k€69k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.55M▲
Equity10/15€740k€816k▲
Contributions10/11€19k€19k=
Reserves13€721k€795k▲
Non-distributable reserves130/1€457k€522k▲
Reserves not available under the articles1311€457k€522k▲
Tax-exempt reserves132€50k€50k=
Distributable reserves133€215k€224k▲
Profit (loss) carried forward14€304€2k▲
Amounts payable17/49€606k€731k▲
Amounts payable after more than one year17€225k€216k▼
Financial debts170/4€225k€216k▼
Amounts payable within one year42/48€380k€515k▲
Current portion of amounts payable after more than one year42€14k€12k▼
Financial debts43€25k€145k▲
Credit institutions430/8€25k€145k▲
Trade debts44€283k€241k▼
Suppliers440/4€283k€241k▼
Advances received on contracts in progress46€41k€54k▲
Taxes, remuneration and social security45€12k€51k▲
Taxes450/3€12k€51k▲
Remuneration and social security454/9€347€0▼
Other amounts payable47/48€6k€12k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k▲
Other operating charges640/8€6k€8k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€181k€183k▲
Operating profit (loss)9901€134k€133k▼
Financial income75/76B€210€397▲
Recurring financial income75€210€397▲
Financial charges65/66B€7k€23k▲
Recurring financial charges65€7k€19k▲
Non-recurring financial charges66B€0€4k▲
Profit (loss) for the period before taxes9903€128k€110k▼
Income taxes67/77€49k€35k▼
Profit (loss) for the period9904€78k€75k▼
Profit (loss) for the period to be appropriated9905€78k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€76k▼
Profit (loss) brought forward from the previous period14P€115€304▲
Transfer to equity691/2€78k€74k▼
To other reserves6921€78k€74k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €388 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €35k | €40k | €41k | €41k | ▲ 1.2% |
| Other operating charges640/8 | - | €8k | €6k | €6k | €8k | ▲ 45.5% |
| Non-recurring operating charges66A | - | - | €2k | €0 | - | - |
| Gross operating margin9900 | €161k | €148k | €206k | €181k | €183k | ▲ 0.9% |
| Operating profit (loss)9901 | €124k | €105k | €159k | €134k | €133k | ▼ 1.0% |
| Financial income75/76B | - | €82 | €323 | €210 | €397 | ▲ 88.9% |
| Recurring financial income75 | €194 | €82 | €323 | €210 | €397 | ▲ 88.9% |
| Financial charges65/66B | - | €6k | €22k | €7k | €23k | ▲ 227% |
| Recurring financial charges65 | €8k | €6k | €10k | €7k | €19k | ▲ 166% |
| Non-recurring financial charges66B | - | - | €12k | €0 | €4k | - |
| Profit (loss) for the period before taxes9903 | €117k | €99k | €137k | €128k | €110k | ▼ 13.6% |
| Income taxes67/77 | €38k | €25k | €54k | €49k | €35k | ▼ 29.5% |
| Profit (loss) for the period9904 | €79k | €75k | €83k | €78k | €75k | ▼ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €79k | €75k | €83k | €78k | €75k | ▼ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €950k | €1.08M | €1.11M | €1.35M | €1.55M | ▲ 14.9% |
| Fixed assets21/28 | €562k | €645k | €611k | €599k | €567k | ▼ 5.3% |
| Tangible fixed assets22/27 | €560k | €643k | €609k | €597k | €565k | ▼ 5.4% |
| Land and buildings22 | - | €627k | €593k | €584k | €549k | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €5k | €4k | €2k | €4k | ▲ 65.6% |
| Furniture and vehicles24 | - | €11k | €11k | €10k | €12k | ▲ 14.7% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €388k | €440k | €498k | €747k | €980k | ▲ 31.2% |
| Amounts receivable after more than one year29 | - | €30k | €0 | - | - | - |
| Other amounts receivable291 | - | €30k | €0 | - | - | - |
| Stocks and contracts in progress3 | €46k | €46k | €160k | €163k | €342k | ▲ 110% |
| Stocks30/36 | - | €46k | €160k | €163k | €342k | ▲ 110% |
| Amounts receivable within one year40/41 | €210k | €261k | €234k | €487k | €569k | ▲ 16.7% |
| Trade receivables40 | - | €176k | €185k | €432k | €430k | ▼ 0.6% |
| Other amounts receivable41 | - | €84k | €49k | €55k | €139k | ▲ 153% |
| Cash at bank and in hand54/58 | €132k | €103k | €104k | €97k | €69k | ▼ 29.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €950k | €1.08M | €1.11M | €1.35M | €1.55M | ▲ 14.9% |
| Equity10/15 | €504k | €579k | €662k | €740k | €816k | ▲ 10.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €484k | €558k | €643k | €721k | €795k | ▲ 10.3% |
| Non-distributable reserves130/1 | - | €312k | €387k | €457k | €522k | ▲ 14.2% |
| Reserves not available under the articles1311 | - | €312k | €387k | €457k | €522k | ▲ 14.2% |
| Tax-exempt reserves132 | - | €50k | €50k | €50k | €50k | = |
| Distributable reserves133 | - | €197k | €207k | €215k | €224k | ▲ 4.2% |
| Profit (loss) carried forward14 | €1k | €2k | €115 | €304 | €2k | ▲ 475% |
| Amounts payable17/49 | €446k | €506k | €446k | €606k | €731k | ▲ 20.7% |
| Amounts payable after more than one year17 | €266k | €252k | €239k | €225k | €216k | ▼ 4.3% |
| Financial debts170/4 | - | €252k | €239k | €225k | €216k | ▼ 4.3% |
| Amounts payable within one year42/48 | €181k | €254k | €207k | €380k | €515k | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | - | €13k | €14k | €14k | €12k | ▼ 15.1% |
| Financial debts43 | - | - | €25k | €25k | €145k | ▲ 480% |
| Credit institutions430/8 | - | - | €25k | €25k | €145k | ▲ 480% |
| Trade debts44 | €112k | €183k | €136k | €283k | €241k | ▼ 14.7% |
| Suppliers440/4 | - | €183k | €136k | €283k | €241k | ▼ 14.7% |
| Advances received on contracts in progress46 | - | €12k | €0 | €41k | €54k | ▲ 32.0% |
| Taxes, remuneration and social security45 | - | €32k | €27k | €12k | €51k | ▲ 331% |
| Taxes450/3 | - | €32k | €19k | €12k | €51k | ▲ 344% |
| Remuneration and social security454/9 | - | €0 | €8k | €347 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €14k | €6k | €6k | €12k | ▲ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79k | €75k | €83k | €78k | €75k | ▼ 3.5% |
| + Depreciation and write-downs630 | €31k | €35k | €40k | €41k | €41k | ▲ 1.2% |
| Operating cash flow (approximation) | €110k | €110k | €123k | €119k | €117k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €-118k | €-5k | €-29k | €-9k | ▲ 67.7% |
| Change in cash | - | €-28k | €441 | €-7k | €-28k | ▼ 312% |
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
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 109 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €75k ▼4.8%
Net result drops to €75k, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 110 days late
2020
31-12
Financial
Equity above €500kEq €504k ▲18.5%
3 profitable years in a row build equity to €504k.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 132 days late
2019
31-12
Financial
Highest result since 2018net €170k ▲1.1%
Net result €170k, the highest in the series.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Wijnegem · 1 establishment unit since 2014
Ground area
1,055 m²
Building footprint
168 m²
Volume, LiDAR
723 m³
Parcel 11050B0314/00G002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
B-PROJECT
since 20142.237.615.497
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0314/00G002 | Flanders | 1,055 m² | 1 · 168 m² | 8.7 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
Axion Construct
BE 0809.746.102
Brussel · Eq €815,526
JEHAE FRANCOIS
BE 0746.545.355
Waimes · Eq €816,923
Firma Staelens
BE 0401.047.092
Beveren-Kruibeke-Zwijndrecht · Eq €814,405
ALGEMENE BOUWWERKEN DE BEULE
BE 0439.054.068
Lokeren · Eq €817,069
Elsen-Houben
BE 0465.486.667
Lummen · Eq €817,083
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 7,235 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
Founded03-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.