BDF PROJECTS
ActiveSummary
BDF PROJECTS has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,014 and a net result of €19,962. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 9,585 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00445297.
Equity
€29,014▲ 70.2%
2024 · €17,051
Total assets
€181,136▲ 179%
2024 · €64,830
Net result
€19,962▼ 16.9%
2024 · €24,030
Working capital
-€27,623▼ 872%
2024 · -€2,841
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 1% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€30,629
2025
Net result€19,962
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€181,136
2025
Equity€29,014
2025
Debt€152,122
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€27,623
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)11.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency16.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.74
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support 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, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,358--€845-€31,048▼ 3,572%-€14,788▲ 52.4%€17,930€39,796▲ 122%€30,405▼ 23.6%€30,629▲ 0.7%
Net result€8,052--€10,157-€33,464below the sector's middle half▼ 229%-€15,945below the sector's middle half▲ 52.4%€12,659within the sector's middle half€36,986within the sector's middle half▲ 192%€24,030within the sector's middle half▼ 35.0%€19,962within the sector's middle half▼ 16.9%
Equity€28,942-€18,786▼ 35.1%-€14,678below the sector's middle half-€30,623below the sector's middle half▼ 109%-€17,965below the sector's middle half▲ 41.3%€5,021below the sector's middle half€17,051within the sector's middle half▲ 240%€29,014within the sector's middle half▲ 70.2%
Total assets€121,720-€94,032▼ 22.7%€55,456within the sector's middle half▼ 41.0%€216,006within the sector's middle half▲ 290%€82,202within the sector's middle half▼ 61.9%€50,552below the sector's middle half▼ 38.5%€64,830within the sector's middle half▲ 28.2%€181,136within the sector's middle half▲ 179%
Debt€92,777-€75,247▼ 18.9%€70,134▼ 6.8%€246,630▲ 252%€100,167▼ 59.4%€45,531▼ 54.5%€47,778▲ 4.9%€152,122▲ 218%
Working capital€250--€4,367-€36,397below the sector's middle half▼ 733%-€49,179below the sector's middle half▼ 35.1%-€33,140below the sector's middle half▲ 32.6%-€12,288below the sector's middle half▲ 62.9%-€2,841within the sector's middle half▲ 76.9%-€27,623below the sector's middle half▼ 872%
Solvency23.8%-20.0%▼ 3.8pp-26.5%below the sector's middle half▼ 46.4pp-14.2%below the sector's middle half▲ 12.3pp-21.9%below the sector's middle half▼ 7.7pp9.9%below the sector's middle half▲ 31.8pp26.3%within the sector's middle half▲ 16.4pp16.0%below the sector's middle half▼ 10.3pp
Current ratio1.00-0.94▼ 0.060.48below the sector's middle half▼ 0.460.80below the sector's middle half▲ 0.320.67below the sector's middle half▼ 0.130.73below the sector's middle half▲ 0.060.94within the sector's middle half▲ 0.210.74below the sector's middle half▼ 0.20
Return on assets (ROA)6.6%--10.8%▼ 17.4pp-60.3%below the sector's middle half▼ 49.5pp-7.4%below the sector's middle half▲ 53.0pp15.4%within the sector's middle half▲ 22.8pp73.2%above the sector's middle half▲ 57.8pp37.1%above the sector's middle half▼ 36.1pp11.0%within the sector's middle half▼ 26.0pp
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181,136
Fixed assets
€104,218 ▲ 424%
Current assets
€76,918 ▲ 71.2%
Equity and liabilities €181,136
Equity
€29,014 ▲ 70.2%
Debt
€152,122 ▲ 218%
Debt's share of the balance-sheet total rises from 73.7% to 84.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,105▲
2024 · €36,835
Cash flow
€31,439▲
2024 · €30,461
Quick ratio
0.58▼
2024 · 0.60
Debt to equity
5.24▲
2024 · 2.80
ROE
68.8%▼
2024 · 140.9%
Interest coverage
24.88▼
2024 · 40.54
Debt ≤ 1 year
€104,541▲
2024 · €47,778
Debt > 1 year
€47,581
Income taxes
€8,992▲
2024 · €5,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €475 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,714 | €11,198 | €10,930 | €6,181 | €4,726 | €4,998 | €6,430 | €11,477 | ▲ 78.5% |
| Other operating charges640/8 | - | - | - | €1,920 | €1,320 | €1,384 | €1,784 | €1,088 | ▼ 39.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €5,550 | - | - | - |
| Gross operating margin9900 | €27,434 | €14,490 | -€19,372 | -€6,686 | €23,976 | €51,728 | €38,619 | €43,193 | ▲ 11.8% |
| Operating profit (loss)9901 | €8,358 | -€845 | -€31,048 | -€14,788 | €17,930 | €39,796 | €30,405 | €30,629 | ▲ 0.7% |
| Financial income75/76B | - | - | - | €50 | - | €1,169 | €27 | €18 | ▼ 34.3% |
| Recurring financial income75 | €1,424 | €1,707 | €0 | €50 | - | €1,169 | €27 | €18 | ▼ 34.3% |
| Financial charges65/66B | - | - | - | €1,068 | €5,152 | €1,718 | €909 | €1,692 | ▲ 86.3% |
| Recurring financial charges65 | €1,994 | €2,647 | €2,272 | €1,068 | €5,152 | €1,718 | €909 | €1,692 | ▲ 86.3% |
| Profit (loss) for the period before taxes9903 | €7,788 | -€1,786 | -€33,320 | -€15,806 | €12,778 | €39,247 | €29,524 | €28,954 | ▼ 1.9% |
| Income taxes67/77 | -€264 | €8,371 | €144 | €139 | €120 | €2,261 | €5,493 | €8,992 | ▲ 63.7% |
| Profit (loss) for the period9904 | €8,052 | -€10,157 | -€33,464 | -€15,945 | €12,659 | €36,986 | €24,030 | €19,962 | ▼ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €8,052 | -€10,157 | -€33,464 | -€15,945 | €12,659 | €36,986 | €24,030 | €19,962 | ▼ 16.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €121,720 | €94,032 | €55,456 | €216,006 | €82,202 | €50,552 | €64,830 | €181,136 | ▲ 179% |
| Fixed assets21/28 | €30,698 | €23,153 | €21,719 | €18,556 | €15,175 | €17,309 | €19,892 | €104,218 | ▲ 424% |
| Intangible fixed assets21 | - | - | - | - | - | €8,083 | €6,283 | - | - |
| Tangible fixed assets22/27 | €30,698 | €23,153 | €21,719 | €18,556 | €15,175 | €9,227 | €13,610 | €8,416 | ▼ 38.2% |
| Land and buildings22 | - | - | - | €6,756 | €5,550 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €6,753 | €5,134 | €2,840 | €3,539 | €1,628 | ▼ 54.0% |
| Furniture and vehicles24 | - | - | - | €5,047 | €4,491 | €6,386 | €10,071 | €6,788 | ▼ 32.6% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €95,802 | - |
| Current assets29/58 | €91,022 | €70,879 | €33,737 | €197,451 | €67,027 | €33,242 | €44,937 | €76,918 | ▲ 71.2% |
| Stocks and contracts in progress3 | - | - | - | €6,345 | €6,345 | €10,412 | €16,079 | €16,157 | ▲ 0.5% |
| Stocks30/36 | - | - | - | €6,345 | €6,345 | €10,412 | €16,079 | €16,157 | ▲ 0.5% |
| Amounts receivable within one year40/41 | €89,452 | €67,759 | €25,277 | €160,595 | €60,682 | €21,896 | €19,625 | €56,741 | ▲ 189% |
| Trade receivables40 | - | - | - | €143,265 | €56,639 | €21,896 | €19,625 | €56,741 | ▲ 189% |
| Other amounts receivable41 | - | - | - | €17,330 | €4,043 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,570 | €3,121 | €8,460 | €30,511 | - | €934 | €9,234 | €4,020 | ▼ 56.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €121,720 | €94,032 | €55,456 | €216,006 | €82,202 | €50,552 | €64,830 | €181,136 | ▲ 179% |
| Equity10/15 | €28,942 | €18,786 | -€14,678 | -€30,623 | -€17,965 | €5,021 | €17,051 | €29,014 | ▲ 70.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €10,414 | ▲ 460% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €8,554 | - |
| Profit (loss) carried forward14 | €8,482 | -€1,674 | -€35,138 | -€51,083 | -€38,425 | -€15,439 | -€3,409 | - | - |
| Amounts payable17/49 | €92,777 | €75,247 | €70,134 | €246,630 | €100,167 | €45,531 | €47,778 | €152,122 | ▲ 218% |
| Amounts payable after more than one year17 | €2,006 | - | - | - | - | - | - | €47,581 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €47,581 | - |
| Amounts payable within one year42/48 | €90,772 | €75,247 | €70,134 | €246,630 | €100,167 | €45,531 | €47,778 | €104,541 | ▲ 119% |
| Current portion of amounts payable after more than one year42 | - | - | - | €128,933 | - | - | - | €9,066 | - |
| Financial debts43 | - | - | - | - | €30,979 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €30,979 | - | - | - | - |
| Trade debts44 | €56,252 | €35,149 | €30,454 | €61,234 | €16,972 | €8,430 | €10,334 | €35,084 | ▲ 239% |
| Suppliers440/4 | - | - | - | €61,234 | €16,972 | €8,430 | €10,334 | €35,084 | ▲ 239% |
| Taxes, remuneration and social security45 | - | - | - | €139 | €120 | €3,228 | €9,910 | €21,808 | ▲ 120% |
| Taxes450/3 | - | - | - | €139 | €120 | €3,228 | €9,910 | €21,808 | ▲ 120% |
| Other amounts payable47/48 | - | - | - | €56,324 | €52,096 | €33,872 | €27,534 | €38,582 | ▲ 40.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,052 | -€10,157 | -€33,464 | -€15,945 | €12,659 | €36,986 | €24,030 | €19,962 | ▼ 16.9% |
| + Depreciation and write-downs630 | €17,714 | €11,198 | €10,930 | €6,181 | €4,726 | €4,998 | €6,430 | €11,477 | ▲ 78.5% |
| Operating cash flow (approximation) | €25,766 | €1,041 | -€22,534 | -€9,764 | €17,385 | €41,984 | €30,461 | €31,439 | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | -€3,653 | -€9,495 | -€3,018 | -€1,345 | -€7,133 | -€9,013 | -€95,802 | ▼ 963% |
| Change in cash | - | €1,551 | €5,339 | €22,051 | - | - | €8,300 | -€5,214 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00445297 |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00359723 |
| 31-12-2023 | micro format | 24-08-2024 | 2024-00376770 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00306096 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20398078 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55300340 |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45400314 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-50600056 |
| 31-12-2017 | micro format | 27-08-2018 | 2018-50500123 |
| 31-12-2016 | abbreviated format | 23-08-2017 | 2017-46700415 |
Similar companies · same sector, comparable size
D'EVENT'S
BE 0864.003.546
Braives · equity €29,020
VDAP CONSULTING
BE 1027.813.582
Profondeville · equity €29,027
NIMACO SERVICES
BE 0795.286.172
Hasselt · equity €28,994
s7even
BE 0663.698.744
Mechelen · equity €29,048
TERMAERTEN
BE 0774.888.854
Durbuy · equity €28,978
Of the 24,180 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,610. 6,526 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.