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BIRDWING PROJECTS

Active
Private limited companyfounded 20233 yrs activeTongersesteenweg 190, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0800.715.105
Summary

The computed 12-month bankruptcy probability of BIRDWING PROJECTS is 2.4% (moderate). The 2025 annual accounts show equity of €3,673 and a net result of €2,423. Its solvency ranks better than 14% of 7564 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability71▲+71
Solvency28▼-50
Growth78
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7564 sector peers (2025).
NBB · sector comparison
Position among 7564 sector peers
Solvency
better than 14%
← weakest strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
30 d early
2024
122 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 76 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BIRDWING PROJECTS was incorporated on 13 April 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€3,673▲ 194%
2024 · €1,250
Total assets
€110,340▲ 4,618%
2024 · €2,339
Net result
€2,423
2024 · -€1,750
Working capital
€58,331▲ 4,568%
2024 · €1,250
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
Line20242025
Operating result-€1,636-€4,328
Net result-€1,750-€2,423
Equity€1,250-€3,673▲ 194%
Total assets€2,339-€110,340▲ 4,618%
Debt€1,089-€106,667▲ 9,695%
Working capital€1,250-€58,331▲ 4,568%
Staff (FTE)0.3
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000Operating result 2024: -€1,636-€1,636Net result 2024: -€1,750-€1,750Operating result 2025: €4,328€4,328Net result 2025: €2,423€2,42320242025-€2,000€0€2,000€4,000Operating result 2024: -€1,636-€1,640Net result 2024: -€1,750-€1,750Operating result 2025: €4,328€4,330Net result 2025: €2,423€2,42020242025
The operating result returns to profit in 2025: €4,328 after a loss of €1,636 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,340
Fixed assets €2,408
Current assets €107,932
Equity and liabilities €110,340
Equity €3,673 ▲ 194%
Debt €106,667 ▲ 9,695%
Debt's share of the balance-sheet total rises from 46.6% to 96.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,402
Cash flow
€2,497
Current ratio
2.18
Quick ratio
1.70
Debt to equity
29.04
ROE
66.0%
ROA
2.2%
Interest coverage
9.43
Debt ≤ 1 year
€49,601▲
2024 · €1,089
Debt > 1 year
€55,000
Income taxes
€1,475
Staff costs
€8,673
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
4.9% went bankrupt
2.1% stopped otherwise
92% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,136 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,339€110,340▲
Fixed assets21/28-€2,408
Tangible fixed assets22/27-€1,358
Plant, machinery and equipment23-€1,358
Financial fixed assets28-€1,051
Current assets29/58€2,339€107,932▲
Stocks and contracts in progress3-€23,400
Stocks30/36-€400
Contracts in progress37-€23,000
Amounts receivable within one year40/41€104€70,074▲
Trade receivables40-€48,794
Other amounts receivable41€104€21,280▲
Cash at bank and in hand54/58€2,235€13,358▲
Deferred charges and accrued income490/1-€1,100
Equity and liabilities
Total equity and liabilities10/49€2,339€110,340▲
Equity10/15€1,250€3,673▲
Contributions10/11€3,000€3,000=
Reserves13-€673
Distributable reserves133-€673
Profit (loss) carried forward14-€1,750€0▲
Amounts payable17/49€1,089€106,667▲
Amounts payable after more than one year17-€55,000
Financial debts170/4-€55,000
Amounts payable within one year42/48€1,089€49,601▲
Trade debts44€1,089€45,963▲
Suppliers440/4€1,089€45,963▲
Taxes, remuneration and social security45-€2,622
Taxes450/3-€1,475
Remuneration and social security454/9-€1,147
Other amounts payable47/48-€1,016
Accrued charges and deferred income492/3-€2,066
Income statement Code20242025
Remuneration, social security and pensions62-€8,673
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€74
Other operating charges640/8€834€636▼
Gross operating margin9900-€802€13,711▲
Operating profit (loss)9901-€1,636€4,328▲
Financial income75/76B€0€37▲
Recurring financial income75€0€37▲
Financial charges65/66B€115€467▲
Recurring financial charges65€115€467▲
Profit (loss) for the period before taxes9903-€1,750€3,898▲
Income taxes67/77-€1,475
Profit (loss) for the period9904-€1,750€2,423▲
Profit (loss) for the period to be appropriated9905-€1,750€2,423▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,750€673▲
Profit (loss) brought forward from the previous period14P--€1,750
Transfer to equity691/2-€673
To other reserves6921-€673

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€8,673-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€74-
Other operating charges640/8€834€636▼ 23.7%
Gross operating margin9900-€802€13,711▲ 1,809%
Operating profit (loss)9901-€1,636€4,328▲ 365%
Financial income75/76B€0€37▲ 36,560%
Recurring financial income75€0€37▲ 36,560%
Financial charges65/66B€115€467▲ 308%
Recurring financial charges65€115€467▲ 308%
Profit (loss) for the period before taxes9903-€1,750€3,898▲ 323%
Income taxes67/77-€1,475-
Profit (loss) for the period9904-€1,750€2,423▲ 238%
Profit (loss) for the period to be appropriated9905-€1,750€2,423▲ 238%
Line20242025Change
Assets
Total assets20/58€2,339€110,340▲ 4,618%
Fixed assets21/28-€2,408-
Tangible fixed assets22/27-€1,358-
Plant, machinery and equipment23-€1,358-
Financial fixed assets28-€1,051-
Current assets29/58€2,339€107,932▲ 4,515%
Stocks and contracts in progress3-€23,400-
Stocks30/36-€400-
Contracts in progress37-€23,000-
Amounts receivable within one year40/41€104€70,074▲ 67,500%
Trade receivables40-€48,794-
Other amounts receivable41€104€21,280▲ 20,428%
Cash at bank and in hand54/58€2,235€13,358▲ 498%
Deferred charges and accrued income490/1-€1,100-
Equity and liabilities
Total equity and liabilities10/49€2,339€110,340▲ 4,618%
Equity10/15€1,250€3,673▲ 194%
Contributions10/11€3,000€3,000=
Reserves13-€673-
Distributable reserves133-€673-
Profit (loss) carried forward14-€1,750€0▲ 100%
Amounts payable17/49€1,089€106,667▲ 9,695%
Amounts payable after more than one year17-€55,000-
Financial debts170/4-€55,000-
Amounts payable within one year42/48€1,089€49,601▲ 4,455%
Trade debts44€1,089€45,963▲ 4,121%
Suppliers440/4€1,089€45,963▲ 4,121%
Taxes, remuneration and social security45-€2,622-
Taxes450/3-€1,475-
Remuneration and social security454/9-€1,147-
Other amounts payable47/48-€1,016-
Accrued charges and deferred income492/3-€2,066-
Line20242025Change
Profit (loss) for the period9904-€1,750€2,423▲ 238%
+ Depreciation and write-downs630-€74-
Operating cash flow (approximation)-€1,750€2,497▲ 243%
Change in cash-€11,123-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €2,423
Net result €2,423 after one loss-making year.
31-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Truiden · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
4,589 m²
Building footprint
1,216 m²
Volume, LiDAR
5,621 m³
Parcel 71009A0066/00E000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BIRDWING PROJECTS
Tongersesteenweg 190, 3800 Sint-TruidenOther business support services
since 20232.344.572.944
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71009A0066/00E000 Flanders 4,589 m² 1 · 1,216 m² 9.8 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BIRDWING MANAGEMENT 100%
  2. BIRDWING PROJECTS

Highest known parent: BIRDWING MANAGEMENT. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 5,302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43331Floor and wall tiling
46835Wholesale trade
47523Retail trade
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800715105
Also 9925:BE0800715105
Registered 05-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.