BCL Projects
ActiveSummary
The annual accounts of BCL Projects for fiscal year 2025 show a net loss of 62% of total assets. The 2025 annual accounts show equity of €18k and a net result of €-14k. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 9234 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-81
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 5.1 against 9.34 in 2024; short-term debt: 18% and cash: 29% of total assets), and 18% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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 2025Solvency, return and age of the figures
Solvency
82%
Return on assets
-62.5%
Age of the figures
9 mo
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 d early
2024
27 d late
2023
5 d early
2022
29 d late
2021
on the day
2020
6 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€18k▼ 43.2%
2024 · €32k
Total assets
€22k▼ 37.7%
2024 · €36k
Net result
€-14k
2024 · €4k
Working capital
€16k▼ 44.3%
2024 · €29k
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
Line20212022202320242025
Operating result€-10k€-27k▼ 166%€-22k▲ 17.2%€3k€-14k
Net result€-11k€-27k▼ 143%€-22k▲ 18.5%€4k€-14k
Equity€78k▼ 12.6%€51k▼ 34.9%€29k▼ 43.7%€32k▲ 12.7%€18k▼ 43.2%
Total assets€96k▼ 6.9%€57k▼ 40.6%€34k▼ 40.1%€36k▲ 4.5%€22k▼ 37.7%
Debt€18k▲ 28.9%€6k▼ 65.0%€6k▼ 11.2%€4k▼ 37.0%€4k▲ 13.1%
Working capital€70k▼ 15.7%€45k▼ 36.1%€25k▼ 44.1%€29k▲ 17.1%€16k▼ 44.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€2k ▼ 31.0%
Current assets
€20k ▼ 38.2%
Equity and liabilities €22k
Equity
€18k ▼ 43.2%
Debt
€4k ▲ 13.1%
Debt's share of the balance-sheet total rises from 9.9% to 18.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €4k
Cash flow
€-13k▼
2024 · €5k
Current ratio
5.10▼
2024 · 9.34
Debt to equity
0.22▲
2024 · 0.11
ROE
-76.1%▼
2024 · 11.2%
ROA
-62.5%▼
2024 · 10.1%
Interest coverage
-37.82▼
2024 · 8.23
Debt ≤ 1 year
€4k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €1k | €837 | ▼ 35.4% |
| Other operating charges640/8 | €2k | €2k | €1k | €223 | €948 | ▲ 324% |
| Gross operating margin9900 | €-7k | €-23k | €-19k | €5k | €-12k | ▼ 362% |
| Operating profit (loss)9901 | €-10k | €-27k | €-22k | €3k | €-14k | ▼ 550% |
| Financial income75/76B | €1k | €1k | €899 | €438 | €192 | ▼ 56.2% |
| Recurring financial income75 | €1k | €1k | €899 | €438 | €192 | ▼ 56.2% |
| Financial charges65/66B | €2k | €672 | €320 | €528 | €341 | ▼ 35.4% |
| Recurring financial charges65 | €2k | €672 | €320 | €528 | €341 | ▼ 35.4% |
| Profit (loss) for the period before taxes9903 | €-10k | €-26k | €-22k | €3k | €-14k | ▼ 569% |
| Income taxes67/77 | €804 | €970 | €526 | €-654 | - | - |
| Profit (loss) for the period9904 | €-11k | €-27k | €-22k | €4k | €-14k | ▼ 484% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-27k | €-22k | €4k | €-14k | ▼ 484% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €57k | €34k | €36k | €22k | ▼ 37.7% |
| Fixed assets21/28 | €7k | €6k | €4k | €3k | €2k | ▼ 31.0% |
| Tangible fixed assets22/27 | €7k | €6k | €4k | €3k | €2k | ▼ 31.0% |
| Furniture and vehicles24 | €7k | €6k | €4k | €3k | €2k | ▼ 31.0% |
| Current assets29/58 | €88k | €51k | €30k | €33k | €20k | ▼ 38.2% |
| Amounts receivable after more than one year29 | €55k | €45k | €25k | €10k | €5k | ▼ 50.0% |
| Other amounts receivable291 | €55k | €45k | €25k | €10k | €5k | ▼ 50.0% |
| Amounts receivable within one year40/41 | €4k | €4k | €3k | €1k | €9k | ▲ 626% |
| Trade receivables40 | €3k | €3k | €3k | - | €8k | - |
| Other amounts receivable41 | €392 | €1k | - | €1k | €581 | ▼ 52.5% |
| Cash at bank and in hand54/58 | €28k | €668 | €648 | €21k | €6k | ▼ 69.1% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €914 | €41 | ▼ 95.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €57k | €34k | €36k | €22k | ▼ 37.7% |
| Equity10/15 | €78k | €51k | €29k | €32k | €18k | ▼ 43.2% |
| Contributions10/11 | €85k | €85k | €85k | €85k | €85k | = |
| Capital10 | €85k | €85k | €85k | €85k | €85k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Uncalled capital101 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-11k | €-38k | €-60k | €-57k | €-71k | ▼ 24.4% |
| Amounts payable17/49 | €18k | €6k | €6k | €4k | €4k | ▲ 13.1% |
| Amounts payable within one year42/48 | €18k | €6k | €5k | €4k | €4k | ▲ 13.1% |
| Trade debts44 | €6k | €5k | €2k | €1k | €4k | ▲ 165% |
| Suppliers440/4 | €6k | €5k | €2k | €1k | €4k | ▲ 165% |
| Taxes, remuneration and social security45 | €11k | €1k | €2k | €1k | €251 | ▼ 82.4% |
| Taxes450/3 | €11k | €1k | €2k | €1k | €251 | ▼ 82.4% |
| Other amounts payable47/48 | €1k | - | €1k | €697 | - | - |
| Accrued charges and deferred income492/3 | - | - | €600 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €-27k | €-22k | €4k | €-14k | ▼ 484% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €1k | €837 | ▼ 35.4% |
| Operating cash flow (approximation) | €-10k | €-25k | €-20k | €5k | €-13k | ▼ 366% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-28k | €-20 | €20k | €-14k | ▼ 171% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Highest result since 2019net €14k ▲69.5%
Operating result €20k, net result €14k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2008
Ground area
863 m²
Building footprint
398 m²
Volume, LiDAR
4,429 m³
Parcel 11806F1307/00T009, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BCL Projects
since 20082.174.440.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1307/00T009 | Flanders | 863 m² | 1 · 398 m² | 14.5 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 3,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.