Equity
€3.8m ▲ 40.9%
BL Project has made a profit in every financial year since 2009.
BL Project
Lifetime
17 annual accounts with figures on one time axispeak €263,873 (2016)
-€52,080▼ €242,115
peak €1.1m (2025)
€1.1m▲ 786%
peak €3.8m (2025)
€3.8m▲ 40.9%
€124,029▼ 50.2%
peak 0 FTE (2023)
0 FTE
Board1 name since 2020
1 directorJan BARBEZ
Documentsfilings and deeds
09-04-202621 days before the deadline
2025abbreviated format
Gross margin from €190,035 to -€52,080Result from €123,718 to €1.1mEquity from €2.7m to €3.8mDebts from €248,923 to €124,029Cash from €153,545 to €34,664
Key points
from the 2025 annual accountsResult
€1.1m ▲ 786%
The result rose in 2025: mostly from a one-off income of €1.2m.
Investments
€43,600 2.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
37.46 was 1.10 in 2024
Short-term debts fell from €234,946 to €102,466.
Filings
17 annual accounts since 2009
Four of the last ten came late. The 2019 accounts came latest: 60 days after the end of the period.
Position in the sector
€1.1m
Higher net result than 95% of companies in head offices and management consultancy. Sector median €37,527 · 10,855 companies.
Turnover not published (abbreviated format)
Checked score
96
Excellent
Financially stronger than 66% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 37.46, cash €34,664, halved
lowers risk
Size: total assets €3.9m
Figures for financial year 2025 (filed on 18-04-2026)
Equity €3.8m (96.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 70, small). It does better than 85% of them on solvency, 55% on liquidity, 38% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as BL Project has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of BL Project itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for BL Project. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 37.46 (1.1 in 2024), above the usual 1.5. Short-term debt is 2.6% and cash 0.9% of total assets. 3.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
15 days late
2023
11 days early
2022
2 days late
2021
50 days early
2020
on the day
2019
60 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 20 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807482834
Change of role: Jan BARBEZ, from manager to director
Director discharge: Jan BARBEZ (manager (not named in the articles)) · Gazette deed
Incorporation
published on 07-11-2008 · Gazette deed
First establishment
Passendalestraat 115, Zonnebeke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BL Project Zonnebeke | €3.9m | -€52,080 | 96.8% | 0 |
| TECK FINANCE Waterloo | €4.7m | -€7,450 | -29.8% | 0 |
| PERFORMANCE ENHANCEMENT IN SPORTS AND SCIENCE Zonhoven | €3.2m | -€18,977 | 58.0% | 0 |
| S.SENDROWICZ Sint-Genesius-Rode | €3.1m | -€40,494 | 88.5% | 0 |
| 4XScience Kortenberg | €3.7m | -€36,711 | 99.6% | 0 |
| HET GULDEN CRUYS Schoten | €4.8m | -€43,031 | 2.5% | 0 |
| CEUSTERMANS BART Halen | €4.8m | -€39,765 | 99.7% | 0 |
These companies have the same main activity as BL Project: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.1m and €4.8m, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 30-10-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 7 others
- Establishment unit
- 2.175.223.8128980 Zonnebeke, since 30-10-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 14-10-2025
Annual accounts to 30-09-2025
- €3.9m▲ 33.1%
- Filing
- Filed on 09-04-2026, 21 days before the end of the filing period
Insights on BL Project
BL Project files the abbreviated format. That format states no turnover. The gross margin fell from €56,660 in 2009 to -€52,080 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BL Project
- What is the company number of BL Project?
- The company number of BL Project is 0807.482.834. The VAT number is the same number with BE in front: BE 0807.482.834.
- Where is BL Project based?
- The registered office is at Passendalestraat 115, 8980 Zonnebeke.Company details
- What does BL Project do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BL Project?
- BL Project is a private limited company (BV).
- When was BL Project founded?
- BL Project was founded on 30-10-2008.
- Is BL Project still active?
- Yes, BL Project is an active enterprise in the KBO register.
- What is the turnover of BL Project?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is BL Project profitable?
- In financial year 2025, BL Project made a profit of €1.1m.
- Where can I find the annual accounts of BL Project?
- BL Project filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BL Project due?
- BL Project must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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