Equity
€18,247 from €88,986 in 2020
Equity fell by 79% in 5 years.
BCL Projects
Lifetime
16 annual accounts with figures on one time axispeak €22,476 (2020)
-€11,960▼ €16,530
lowest -€34,348 (2009)
-€13,894▼ €17,509
peak €88,986 (2020)
€18,247▼ 43.2%
€3,992▲ 13.1%
Board2 names since 2008
2 directorsBart Crols and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from €4,570 to -€11,960Loss of €13,894Equity from €32,141 to €18,247Cash from €20,837 to €6,447
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2009
Four of the last ten came late. The 2017 accounts came latest: 58 days after the end of the period.
Position in the sector
82.0%
Higher solvency than 86% of companies in real estate. Sector median 30.7% · 11,297 companies.
Turnover not published (abbreviated or micro format)
Checked score
55
Fair
Financially stronger than 49% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.3%▼ -0.1 percentage points vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.7 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
1 change of registered office in 24 months
Loss of €13,894 (financial year 2025)
lowers risk
Liquidity: current ratio 5.10, cash €6,447, halved
Size: total assets €22,239
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 87% on liquidity, 4% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as BCL Projects has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BCL Projects itself is lower: 0.3% within 12 months. It rests on far more data about BCL Projects than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 companies, not a prediction for BCL 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.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 5.1 (9.34 in 2024), above the usual 1.5. Short-term debt is 18% and cash 29% of total assets. 18% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
27 days late
2023
5 days early
2022
29 days late
2021
on the day
2020
6 days late
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Brecht to Antwerp
New registered office: Jules Bordetstraat 20 Bus: 1, 2018 Antwerpen, België · Previous registered office: Roerdomplaan 8, 2960 Brecht · Board meeting of 22-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807686237
Reappointments: Laurence Courtois (managing director) and Bart Crols (director)
General meeting of 21-05-2020 · Gazette deed
Incorporation
published on 19-11-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BCL Projects Antwerp | €22,239 | -€11,960 | 82.0% | - |
| Beta Engineering Kapellen | €23,709 | -€56,638 | -215.8% | - |
| MILARID Ninove | €20,407 | €0 | -16.5% | - |
| KDP Futuro Herzele | €19,809 | €396 | -2540.9% | - |
| VABRISTONE Pelt | €22,650 | -€1,996 | 65.7% | - |
| REDCAPITAL Ixelles | €22,113 | -€4,728 | 59.0% | - |
| DE WOONFABRIEK Beernem | €26,068 | -€3,707 | 90.0% | - |
These companies have the same main activity as BCL Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €19,800 and €26,100, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 05-11-2008Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.174.440.9812018 Antwerp, since 05-11-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €22,239▼ 37.7%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on BCL Projects
BCL Projects files the abbreviated format. That format states no turnover. The gross margin rose from -€26,661 in 2009 to -€11,960 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BCL Projects
- What is the company number of BCL Projects?
- The company number of BCL Projects is 0807.686.237. The VAT number is the same number with BE in front: BE 0807.686.237.
- Where is BCL Projects based?
- The registered office is at Jules Bordetstraat 20, 2018 Antwerp.Company details
- What does BCL Projects do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BCL Projects?
- BCL Projects is a public limited company (NV).
- When was BCL Projects founded?
- BCL Projects was founded on 05-11-2008.
- Is BCL Projects still active?
- Yes, BCL Projects is an active enterprise in the KBO register.
- What is the turnover of BCL Projects?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is BCL Projects profitable?
- In financial year 2025, BCL Projects made a loss of €13,894.
- Where can I find the annual accounts of BCL Projects?
- BCL Projects filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BCL Projects due?
- BCL Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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