BD PROJECTS
InactiveFinancials · financial year 2025, abbreviated format
Equity
€4.0m▲ 126%
2024 · €1.8m
Total assets
€4.2m▲ 38.9%
2024 · €3.0m
Net result
€2.2m
2024 · -€39,127
Working capital
€2.7m▲ 224%
2024 · €823,230
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €68,200 in 2025 against €45,543 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.07m
2025
Net result€2.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.2m
2025
Equity€4.0m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.7m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.3m-€0.2m▼ 47.3%€0.2m▲ 12.4%€0.1m▼ 32.5%€0.1m▲ 12.9%-€0.05m-€0.07m▼ 49.7%
Net result€0.4m-€0.1m▼ 75.3%€0.1m▲ 6.6%€1.3m▲ 1,010%€0.1m▼ 92.3%-€0.04m€2.2m
Equity€0.3m-€0.4m▲ 13.6%€0.5m▲ 29.8%€1.7m▲ 246%€1.8m▲ 4.2%€1.8m▼ 2.2%€4.0m▲ 126%
Total assets€0.8m-€0.8m▲ 3.9%€1.1m▲ 36.1%€2.0m▲ 79.2%€2.0m▼ 2.5%€3.0m▲ 52.2%€4.2m▲ 38.9%
Debt€0.5m-€0.4m▼ 3.2%€0.6m▲ 41.5%€0.3m▼ 51.7%€0.2m▼ 40.1%€1.3m▲ 585%€0.2m▼ 82.6%
Working capital€0.08m-€0.04m▼ 52.8%€0.03m▼ 14.7%€1.7m▲ 4,798%€1.0m▼ 40.9%€0.8m▼ 16.1%€2.7m▲ 224%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2023 Net result -92% on 2022. The accounts now follow the abbreviated format, last year the micro format.
- 2022 Net result +1,010% on 2021. The accounts now follow the micro format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€1.3m ▼ 34.7%
Current assets
€2.9m ▲ 179%
Equity and liabilities €4.2m
Equity
€4.0m ▲ 126%
Debt
€218,152 ▼ 82.6%
Debt's share of the balance-sheet total falls from 41.7% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€29,778▼
2024 · -€27,630
Cash flow
€2.2m▲
2024 · -€21,215
Current ratio
13.28▲
2024 · 4.95
Debt to equity
0.06▼
2024 · 0.72
ROE
55.7%▲
2024 · -2.2%
ROA
52.8%▲
2024 · -1.3%
Interest coverage
-1.16▲
2024 · -1.70
Debt ≤ 1 year
€217,207▲
2024 · €208,650
Income taxes
€217,015▲
2024 · €525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.002m | €0.02m | ▲ 750% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.03m | €0.008m | €0.009m | €0.02m | €0.02m | €0.04m | ▲ 115% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.1m | €0.01m | ▼ 91.0% |
| Gross operating margin9900 | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | -€0.02m | - |
| Operating profit (loss)9901 | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | -€0.05m | -€0.07m | ▼ 49.7% |
| Financial income75/76B | - | - | - | €1.6m | €0.02m | €0.02m | €2.5m | ▲ 10,073% |
| Recurring financial income75 | €0.2m | €0.003m | €0.002m | €1.6m | €0.02m | €0.02m | €2.5m | ▲ 10,073% |
| Financial charges65/66B | - | - | - | €0.3m | €0.004m | €0.02m | €0.03m | ▲ 44.8% |
| Recurring financial charges65 | €0.005m | €0.008m | €0.006m | €0.3m | €0.004m | €0.02m | €0.03m | ▲ 58.0% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.1m | €0.2m | €1.4m | €0.1m | -€0.04m | €2.4m | - |
| Income taxes67/77 | €0.1m | €0.04m | €0.06m | €0.2m | €0.05m | €0.001m | €0.2m | ▲ 41,202% |
| Profit (loss) for the period9904 | €0.4m | €0.1m | €0.1m | €1.3m | €0.1m | -€0.04m | €2.2m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.1m | €0.1m | €1.3m | €0.1m | -€0.04m | €2.2m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €1.1m | €2.0m | €2.0m | €3.0m | €4.2m | ▲ 38.9% |
| Fixed assets21/28 | €0.5m | €0.6m | €0.6m | €0.2m | €0.9m | €2.0m | €1.3m | ▼ 34.7% |
| Tangible fixed assets22/27 | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | €1.2m | €1.3m | ▲ 5.4% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €1.1m | €1.1m | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.1m | €0.1m | ▲ 2.7% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.008m | €0.001m | €0.08m | ▲ 6,732% |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | - | €0.8m | €0.8m | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.5m | €1.8m | €1.0m | €1.0m | €2.9m | ▲ 179% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.3m | €0.5m | €1.1m | ▲ 107% |
| Other amounts receivable291 | - | - | - | €0.2m | €0.3m | €0.5m | €1.1m | ▲ 107% |
| Amounts receivable within one year40/41 | €0.2m | €0.07m | €0.06m | €1.4m | €0.3m | €0.06m | €0.8m | ▲ 1,297% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.02m | - | - |
| Other amounts receivable41 | - | - | - | €1.4m | €0.2m | €0.03m | €0.8m | ▲ 2,345% |
| Current investments50/53 | - | - | - | - | €0.4m | €0.3m | €0.9m | ▲ 188% |
| Cash at bank and in hand54/58 | €0.06m | €0.06m | €0.4m | €0.2m | €0.07m | €0.1m | €0.06m | ▼ 46.7% |
| Deferred charges and accrued income490/1 | - | - | - | €489 | €0.003m | €0.003m | €0.001m | ▼ 60.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €1.1m | €2.0m | €2.0m | €3.0m | €4.2m | ▲ 38.9% |
| Equity10/15 | €0.3m | €0.4m | €0.5m | €1.7m | €1.8m | €1.8m | €4.0m | ▲ 126% |
| Contributions10/11 | €0.006m | - | - | - | - | - | - | - |
| Reserves13 | €0.3m | €0.4m | €0.5m | €1.7m | €1.8m | €1.8m | €4.0m | ▲ 121% |
| Distributable reserves133 | - | - | - | €1.7m | €1.8m | €1.8m | €4.0m | ▲ 121% |
| Profit (loss) carried forward14 | €0.007m | €0.007m | €0.008m | €0.001m | €0.001m | -€0.04m | €101 | - |
| Amounts payable17/49 | €0.5m | €0.4m | €0.6m | €0.3m | €0.2m | €1.3m | €0.2m | ▼ 82.6% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €1.0m | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €1.0m | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.5m | €0.2m | €0.05m | €0.2m | €0.2m | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.01m | €0.05m | - | - |
| Trade debts44 | €0.001m | €0.006m | €0.005m | €0.002m | €0.008m | €0.08m | €414 | ▼ 99.5% |
| Suppliers440/4 | - | - | - | €0.002m | €0.008m | €0.08m | €414 | ▼ 99.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.03m | €0.02m | €0.2m | ▲ 1,057% |
| Taxes450/3 | - | - | - | €0.1m | €0.03m | €0.02m | €0.2m | ▲ 1,057% |
| Other amounts payable47/48 | - | - | - | - | - | €0.06m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.003m | €0.001m | ▼ 62.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.1m | €0.1m | €1.3m | €0.1m | -€0.04m | €2.2m | - |
| + Depreciation and write-downs630 | €0.006m | €0.03m | €0.008m | €0.009m | €0.02m | €0.02m | €0.04m | ▲ 115% |
| Operating cash flow (approximation) | €0.4m | €0.1m | €0.1m | €1.3m | €0.1m | -€0.02m | €2.2m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.001m | €0.4m | -€0.8m | -€1.1m | €0.6m | - |
| Change in cash | - | -€0.005m | €0.3m | -€0.1m | -€0.2m | €0.05m | -€0.06m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 29-04-2026 | 2026-00093580 |
| 30-09-2024 | abbreviated format | 19-04-2025 | 2025-00071913 |
| 30-09-2023 | abbreviated format | 18-04-2024 | 2024-00065381 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00077827 |
| 30-09-2021 | abbreviated format | 31-03-2022 | 2022-09900249 |
| 30-09-2020 | abbreviated format | 29-04-2021 | 2021-12700443 |
| 30-09-2019 | abbreviated format | 26-02-2020 | 2020-05700444 |
| 30-09-2018 | abbreviated format | 18-04-2019 | 2019-10400221 |
| 30-09-2017 | abbreviated format | 04-04-2018 | 2018-09200318 |
| 30-09-2016 | abbreviated format | 05-04-2017 | 2017-09000073 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.