BLOCK PROJECTS
ActiveSummary
The annual accounts of BLOCK PROJECTS for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-14k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 27965 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-87
Solvency41▼-28
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.18 against 1.68 in 2024; short-term debt: 84.4% and cash: 0.4% of total assets), and 84.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.6%
Return on assets
-20.7%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
3 d early
2022
on the day
2021
2 d early
2020
31 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 57.0%
2024 · €25k
2019: €45k
2020: €59k▲ +29.1% vs 2019
2021: €63k▲ +7.0% vs 2020highest in 7 years
2022: €25k▼ -60.4% vs 2021
2023: €17k▼ -31.6% vs 2022
2024: €25k▲ +47.4% vs 2023
2025: €11k▼ -57.0% vs 2024lowest in 7 years
2019 → 2025
Total assets
€69k▲ 22.2%
2024 · €56k
2019: €254khighest in 7 years
2020: €116k▼ -54.1% vs 2019
2021: €92k▼ -20.9% vs 2020
2022: €41k▼ -55.4% vs 2021lowest in 7 years
2023: €53k▲ +30.1% vs 2022
2024: €56k▲ +5.8% vs 2023
2025: €69k▲ +22.2% vs 2024
2019 → 2025
Net result
€-14k
2024 · €8k
2019: €4k
2020: €13k▲ +212% vs 2019highest in 7 years
2021: €4k▼ -69.0% vs 2020
2022: €-38k▼ -1027% vs 2021lowest in 7 years
2023: €-8k▲ +79.3% vs 2022
2024: €8k▲ +203% vs 2023
2025: €-14k▼ -277% vs 2024
2019 → 2025
Working capital
€10k▼ 51.6%
2024 · €21k
2019: €39khighest in 7 years
2020: €30k▼ -24.8% vs 2019
2021: €28k▼ -4.9% vs 2020
2022: €2k▼ -92.6% vs 2021lowest in 7 years
2023: €4k▲ +102% vs 2022
2024: €21k▲ +410% vs 2023
2025: €10k▼ -51.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€25k▼ 60.4%€17k▼ 31.6%€25k▲ 47.4%€11k▼ 57.0%
2021: €63khighest in 5 years
2022: €25k▼ -60.4% vs 2021
2023: €17k▼ -31.6% vs 2022
2024: €25k▲ +47.4% vs 2023
2025: €11k▼ -57.0% vs 2024lowest in 5 years
Operating result€5k-€-35k€-6k▲ 82.4%€11k€-12k
2021: €5k
2022: €-35k▼ -772% vs 2021lowest in 5 years
2023: €-6k▲ +82.4% vs 2022
2024: €11k▲ +277% vs 2023highest in 5 years
2025: €-12k▼ -206% vs 2024
Net result€4k-€-38k€-8k▲ 79.3%€8k€-14k
2021: €4k
2022: €-38k▼ -1027% vs 2021lowest in 5 years
2023: €-8k▲ +79.3% vs 2022
2024: €8k▲ +203% vs 2023highest in 5 years
2025: €-14k▼ -277% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€463 ▼ 87.5%
Current assets
€69k ▲ 30.0%
Equity and liabilities €69k
Equity
€11k ▼ 57.0%
Debt
€58k ▲ 85.4%
Debt's share of the balance-sheet total rises from 55.6% to 84.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €20k
Cash flow
€-11k▼
2024 · €17k
Current ratio
1.18▼
2024 · 1.68
Quick ratio
0.83▼
2024 · 0.92
Debt to equity
5.40▲
2024 · 1.25
ROE
-132.4%▼
2024 · 32.2%
ROA
-20.7%▼
2024 · 14.3%
Interest coverage
-3.78▼
2024 · 8.71
Debt ≤ 1 year
€58k▲
2024 · €31k
Income taxes
€517▲
2024 · €515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€56k€69k▲
Fixed assets21/28€4k€463▼
Tangible fixed assets22/27€4k€463▼
Plant, machinery and equipment23€4k€463▼
Current assets29/58€53k€69k▲
Stocks and contracts in progress3€24k€21k▼
Contracts in progress37€24k€21k▼
Amounts receivable within one year40/41€29k€48k▲
Trade receivables40€28k€47k▲
Other amounts receivable41€510€510=
Cash at bank and in hand54/58-€300
Equity and liabilities
Total equity and liabilities10/49€56k€69k▲
Equity10/15€25k€11k▼
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-5k€-20k▼
Amounts payable17/49€31k€58k▲
Amounts payable within one year42/48€31k€58k▲
Financial debts43€5k€20k▲
Credit institutions430/8€5k€20k▲
Trade debts44€1k€728▼
Suppliers440/4€1k€728▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€21k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€3k▼
Other operating charges640/8€132€141▲
Gross operating margin9900€20k€-8k▼
Operating profit (loss)9901€11k€-12k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€9k€-14k▼
Income taxes67/77€515€517▲
Profit (loss) for the period9904€8k€-14k▼
Profit (loss) for the period to be appropriated9905€8k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-20k▼
Profit (loss) brought forward from the previous period14P€-13k€-5k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €10k | €9k | €3k | ▼ 64.3% |
| Other operating charges640/8 | - | €120 | €122 | €132 | €141 | ▲ 6.8% |
| Gross operating margin9900 | €17k | €-23k | €4k | €20k | €-8k | ▼ 141% |
| Operating profit (loss)9901 | €5k | €-35k | €-6k | €11k | €-12k | ▼ 206% |
| Financial income75/76B | - | - | €7 | - | - | - |
| Recurring financial income75 | €43 | - | €7 | - | - | - |
| Financial charges65/66B | - | €2k | €2k | €2k | €2k | ▼ 4.1% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €2k | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €4k | €-36k | €-8k | €9k | €-14k | ▼ 260% |
| Income taxes67/77 | - | €1k | - | €515 | €517 | ▲ 0.4% |
| Profit (loss) for the period9904 | €4k | €-38k | €-8k | €8k | €-14k | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-38k | €-8k | €8k | €-14k | ▼ 277% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92k | €41k | €53k | €56k | €69k | ▲ 22.2% |
| Fixed assets21/28 | €35k | €23k | €13k | €4k | €463 | ▼ 87.5% |
| Tangible fixed assets22/27 | €35k | €23k | €13k | €4k | €463 | ▼ 87.5% |
| Plant, machinery and equipment23 | - | €23k | €13k | €4k | €463 | ▼ 87.5% |
| Current assets29/58 | €57k | €18k | €41k | €53k | €69k | ▲ 30.0% |
| Stocks and contracts in progress3 | €9k | €9k | €29k | €24k | €21k | ▼ 13.7% |
| Stocks30/36 | - | €9k | - | - | - | - |
| Contracts in progress37 | - | - | €29k | €24k | €21k | ▼ 13.7% |
| Amounts receivable within one year40/41 | €47k | €9k | €5k | €29k | €48k | ▲ 64.7% |
| Trade receivables40 | - | €7k | €4k | €28k | €47k | ▲ 65.9% |
| Other amounts receivable41 | - | €2k | €546 | €510 | €510 | = |
| Cash at bank and in hand54/58 | €441 | €282 | - | - | €300 | - |
| Deferred charges and accrued income490/1 | - | - | €7k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92k | €41k | €53k | €56k | €69k | ▲ 22.2% |
| Equity10/15 | €63k | €25k | €17k | €25k | €11k | ▼ 57.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €32k | €-6k | €-13k | €-5k | €-20k | ▼ 264% |
| Amounts payable17/49 | €29k | €16k | €36k | €31k | €58k | ▲ 85.4% |
| Amounts payable within one year42/48 | €29k | €16k | €36k | €31k | €58k | ▲ 85.4% |
| Financial debts43 | - | €10k | €11k | €5k | €20k | ▲ 288% |
| Credit institutions430/8 | - | €10k | €11k | €5k | €20k | ▲ 288% |
| Trade debts44 | €11k | €5k | - | €1k | €728 | ▼ 47.0% |
| Suppliers440/4 | - | €5k | - | €1k | €728 | ▼ 47.0% |
| Taxes, remuneration and social security45 | - | €95 | - | €4k | €2k | ▼ 43.9% |
| Taxes450/3 | - | €95 | - | €4k | €2k | ▼ 43.9% |
| Other amounts payable47/48 | - | €499 | €25k | €21k | €35k | ▲ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-38k | €-8k | €8k | €-14k | ▼ 277% |
| + Depreciation and write-downs630 | €12k | €12k | €10k | €9k | €3k | ▼ 64.3% |
| Operating cash flow (approximation) | €16k | €-26k | €2k | €17k | €-11k | ▼ 164% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-159 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €13k ▲212%
Operating result €19k, net result €13k, both a record.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Gent · 1 establishment unit since 2007
Ground area
1,953 m²
Building footprint
436 m²
Volume, LiDAR
634 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20072.164.607.656
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051C0548/00F003 | Flanders | 1,131 m² | 1 · 297 m² | - |
| 44051C0146/00F000 | Flanders | 823 m² | 1 · 139 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,185 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
Founded25-06-2007
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
43230Insulation installation
43310Plastering work
43320Joinery installation
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.