BIC PROJECTS
ActiveSummary
BIC PROJECTS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,007 and a net result of €21,573. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 19% of 465 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €135,007
- Profit
- €21,573
- TOM VANDEWALLEDirector
- VANDEWALLE Jean PaulDirector
Why 68raises riskLiquidity: current ratio 1.10, cash €1,468, halvedLast filed accounts filed 7 days late; 1 of the last 3 latelowers riskSize: total assets €937,544Founded in 2001Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 28, micro): better than 21% on solvency, 4% on liquidity, 46% on profitability and 75% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignations: Vandewalle Jean (director) and Van…Gazette deed
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00037012.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €3,862 after a loss of €13,237 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: 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).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,394 | €26,424 | €9,183 | €6,329 | €6,329 | €8,476 | €11,069 | ▲ 30.6% |
| Other operating charges640/8 | - | - | - | €1,876 | €3,330 | €4,610 | €6,430 | ▲ 39.5% |
| Non-recurring operating charges66A | - | - | - | €424 | €53 | - | - | - |
| Gross operating margin9900 | €50,850 | €38,333 | €9,157 | €58,726 | €800 | -€151 | €21,360 | - |
| Operating profit (loss)9901 | €25,198 | €10,592 | -€2,645 | €50,098 | -€8,913 | -€13,237 | €3,862 | - |
| Financial income75/76B | - | - | - | €1,298 | €26,356 | €28,788 | €29,952 | ▲ 4.0% |
| Recurring financial income75 | €1,298 | €1,298 | €1,712 | €1,298 | €26,356 | €28,788 | €29,952 | ▲ 4.0% |
| Financial charges65/66B | - | - | - | €542 | €528 | €1,729 | €183 | ▼ 89.4% |
| Recurring financial charges65 | €17,078 | €720 | €348 | €542 | €528 | €1,729 | €183 | ▼ 89.4% |
| Profit (loss) for the period before taxes9903 | €9,417 | €11,170 | -€1,281 | €50,853 | €16,916 | €13,823 | €33,631 | ▲ 143% |
| Income taxes67/77 | €8,631 | €6,064 | €6,021 | €17,133 | €8,767 | €8,003 | €12,058 | ▲ 50.7% |
| Profit (loss) for the period9904 | €787 | €5,106 | -€7,302 | €33,720 | €8,148 | €5,820 | €21,573 | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €787 | €5,106 | -€7,302 | €33,720 | €8,148 | €5,820 | €21,573 | ▲ 271% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.5m | €0.6m | €0.7m | €1.1m | €1.0m | €0.9m | ▼ 7.3% |
| Fixed assets21/28 | €0.04m | €0.03m | €0.03m | €0.02m | €0.01m | €0.04m | €0.05m | ▲ 38.9% |
| Tangible fixed assets22/27 | €0.04m | €0.03m | €0.03m | €0.02m | €0.01m | €0.04m | €0.05m | ▲ 38.9% |
| Land and buildings22 | - | - | - | €0.02m | €0.01m | €0.009m | €0.007m | ▼ 22.0% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.03m | €0.05m | ▲ 56.7% |
| Current assets29/58 | €0.2m | €0.4m | €0.5m | €0.7m | €1.1m | €1.0m | €0.9m | ▼ 9.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.02m | €0.02m | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0.02m | €0.02m | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.3m | €0.5m | €1.0m | €0.9m | €0.9m | ▼ 7.1% |
| Trade receivables40 | - | - | - | €0.06m | €0.4m | €0.4m | €0.4m | ▼ 15.9% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.6m | €0.5m | €0.5m | ▼ 0.1% |
| Cash at bank and in hand54/58 | €0.01m | €0.2m | €0.1m | €0.07m | €0.06m | €0.01m | €0.001m | ▼ 87.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.008m | €0.01m | €0.01m | ▲ 28.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.5m | €0.6m | €0.7m | €1.1m | €1.0m | €0.9m | ▼ 7.3% |
| Equity10/15 | €0.07m | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 19.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | - | - | -€0.007m | €0.03m | €0.03m | €0.04m | €0.06m | ▲ 53.4% |
| Amounts payable17/49 | €0.2m | €0.4m | €0.5m | €0.6m | €1.0m | €0.9m | €0.8m | ▼ 10.7% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.5m | €0.6m | €1.0m | €0.9m | €0.8m | ▼ 10.7% |
| Trade debts44 | €0.08m | €0.4m | €0.5m | €0.6m | €1.0m | €0.9m | €0.7m | ▼ 16.4% |
| Suppliers440/4 | - | - | - | €0.6m | €1.0m | €0.9m | €0.7m | ▼ 16.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.009m | €0.008m | €0.01m | ▲ 50.7% |
| Taxes450/3 | - | - | - | €0.02m | €0.009m | €0.008m | €0.01m | ▲ 50.7% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.05m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €787 | €5,106 | -€7,302 | €33,720 | €8,148 | €5,820 | €21,573 | ▲ 271% |
| + Depreciation and write-downs630 | €23,394 | €26,424 | €9,183 | €6,329 | €6,329 | €8,476 | €11,069 | ▲ 30.6% |
| Operating cash flow (approximation) | €24,181 | €31,530 | €1,881 | €40,049 | €14,477 | €14,296 | €32,642 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€17,118 | -€4,216 | €0 | €0 | -€32,748 | -€26,047 | ▲ 20.5% |
| Change in cash | - | €150,347 | -€22,613 | -€73,269 | -€4,747 | -€52,532 | -€10,220 | ▲ 80.5% |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 06-02-2026 | 2026-00037012 |
| 30-06-2024 | micro format | 07-03-2025 | 2025-00046960 |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00019556 |
| 30-06-2022 | abbreviated format | 15-12-2022 | 2022-20537964 |
| 30-06-2021 | abbreviated format | 26-01-2022 | 2022-02100318 |
| 30-06-2020 | abbreviated format | 04-02-2021 | 2021-04800158 |
| 30-06-2019 | abbreviated format | 16-01-2020 | 2020-01500194 |
| 30-06-2018 | abbreviated format | 11-01-2019 | 2019-01500444 |
| 30-06-2017 | abbreviated format | 08-02-2018 | 2018-04700190 |
| 30-06-2016 | abbreviated format | 19-01-2017 | 2017-01700434 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TOM VANDEWALLE |
|
| VANDEWALLE Jean Paul |
|
| VAN LOON Rita Irène Maria Jozef |
|
| Vandewalle Jean |
|
Owners and capital
Capital and shareholders
- 10-01-2024 Capital stated in the deed · €62,000 · 250 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
19-11
Gazette deed
Resignations: Vandewalle Jean (director) and Van Loon Rita (director)4 facts ▸
- General meeting, 31-08-2025
- Director resignation, Vandewalle Jean (director)
- Director resignation, Van Loon Rita (director)
- Board composition, Tom Vandewalle BV (sole director)
10-01
Gazette deed
Reappointments: VANDEWALLE Jean Paul, VAN LOON Rita Irène Maria Jozef and TOM VANDEWALLEPermanent representative: VANDEWALLE Tom Jean Georges · Amendment of the articles · Capital12 facts ▸
- General meeting, 22-12-2023
- Amendment of the articles (2 times)
- Capital, €62,000
- Director reappointment, VANDEWALLE Jean Paul (director)
- Director reappointment, VAN LOON Rita Irène Maria Jozef (director)
- Director reappointment, TOM VANDEWALLE (director)
- Permanent representative, VANDEWALLE Tom Jean Georges
- Director discharge, VANDEWALLE Jean Paul
- Director discharge, VAN LOON Rita Irène Maria Jozef
- Director discharge, TOM VANDEWALLE
- Registered office clause, “2610 Antwerpen (Wilrijk),Jules Moretuslei 270” (deed in Dutch)
- General meeting, “alle besluiten, eenparigheid van stemmen” (deed in Dutch)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11462A0196/00K002 | Flanders | 653 m² | 1 · 182 m² | 7.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BIC PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, oprichten of opheffen bij enkel besluit bestuursorgaan,in België en buitenland” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Samenstelling,benoeming,ontslag,coöptatie raad van bestuur, hoogstens zes jaar” (deed in Dutch)“Vergoeding bestuurders, bij elke benoeming” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam op vennootschapszetel, op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of November
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, een of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)1 more provision on this in the deed