Equity
Equity fell by 83% in 4 years.
Equity fell by 83% in 4 years.
Lower net result than 90% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
In July 2024, 1,294 companies had the same profile as BLOCK PROJECTS has now. Each dot stands for 4 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 1,294 companies, not a prediction for BLOCK PROJECTS. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| BLOCK PROJECTS Ghent | €69,013 | -€8,163 | 15.6% | - |
| NURHAN Ghent | €75,675 | -€6,588 | 93.1% | - |
| Van Deynse Tony Evergem | €60,894 | -€13,691 | 91.2% | - |
| ALAIN & CO INTERIEUR & ZO Ronse | €79,846 | -€5,072 | 93.3% | - |
| DALEMANS M Buggenhout | €60,478 | -€37,459 | -18.0% | - |
| XENOS INVEST Anderlecht | €68,329 | -€10,657 | 76.6% | - |
| KOEN DESRUELLE Torhout | €71,374 | -€8,937 | 40.2% | - |
These companies have the same main activity as BLOCK PROJECTS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €60,500 and €79,800, founded between 2004 and 2007.
BLOCK PROJECTS files the micro format. That format states no turnover. The gross margin rose from -€10,085 in 2009 to -€8,163 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 18% of 35,156 companies in 2025.
Higher than 28% of 34,529 companies in 2025.
Higher than 8% of 34,730 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
69,013 | 56,456 | 53,361 | 41,011 | 92,030 | 116,313 | 253,525 | 358,816 | 646,839 | 433,224 | 198,959 | 227,131 | 236,477 | 285,678 | 1.1m | 507,234 | 18,905 | |
21/28 |
463 | 3,713 | 12,813 | 22,767 | 34,738 | 29,205 | 6,246 | 13,877 | 21,949 | 53,816 | 46,762 | 47,259 | 53,342 | 61,702 | 70,063 | 41,048 | 1,042 | |
22/27 |
463 | 3,713 | 12,813 | 22,767 | 34,738 | 29,205 | 6,246 | 13,877 | 21,949 | 29,816 | 22,762 | 23,259 | 29,342 | 49,702 | 70,063 | 41,048 | 1,042 | |
23 |
463 | 3,713 | 12,813 | 22,767 | 34,126 | 27,996 | 4,440 | 8,359 | 15,415 | 19,871 | 9,406 | 14,984 | 4,886 | 7,913 | 10,941 | - | - | |
24 |
- | - | - | - | 612 | 1,209 | 1,806 | 5,518 | 6,534 | 9,945 | 13,356 | 8,275 | 24,456 | 41,789 | 59,122 | 41,048 | 1,042 | |
28 |
- | - | - | - | - | - | - | - | - | 24,000 | 24,000 | 24,000 | 24,000 | 12,000 | - | - | - | |
29/58 |
68,550 | 52,743 | 40,548 | 18,244 | 57,292 | 87,108 | 247,279 | 344,939 | 624,890 | 379,408 | 152,197 | 179,872 | 183,135 | 223,976 | 1.0m | 466,186 | 17,863 | |
3 |
20,500 | 23,750 | 28,750 | 9,400 | 9,400 | 14,500 | 126,000 | 271,500 | 136,500 | 325,000 | 140,500 | 145,500 | 145,500 | 182,500 | 205,000 | 349,999 | - | |
30/36 |
- | - | - | 9,400 | 9,400 | 14,500 | 126,000 | 271,500 | 136,500 | 325,000 | 140,500 | 145,500 | 145,500 | 182,500 | 205,000 | 349,999 | - | |
37 |
20,500 | 23,750 | 28,750 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
47,750 | 28,993 | 4,757 | 8,562 | 47,451 | 60,890 | 78,635 | 390 | 12,539 | 28,397 | 11,663 | 25,543 | 32,863 | 41,296 | 325,341 | 43,628 | 11,099 | |
40 |
47,240 | 28,483 | 4,211 | 7,026 | - | 60,500 | 78,245 | - | 12,149 | 28,097 | 11,293 | 25,243 | 32,563 | 40,996 | 325,041 | 43,328 | 6,023 | |
41 |
510 | 510 | 546 | 1,536 | 47,451 | 390 | 390 | 390 | 390 | 300 | 370 | 300 | 300 | 300 | 300 | 300 | 5,076 | |
54/58 |
300 | - | - | 282 | 441 | 11,718 | 42,644 | 73,049 | 475,851 | 26,011 | 34 | 8,829 | 4,772 | 180 | 503,398 | 72,559 | 6,764 | |
490/1 |
- | - | 7,041 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
69,013 | 56,456 | 53,361 | 41,011 | 92,030 | 116,313 | 253,525 | 358,816 | 646,839 | 433,224 | 198,959 | 227,131 | 236,477 | 285,678 | 1.1m | 507,234 | 18,905 | |
10/15 |
10,779 | 25,048 | 16,993 | 24,841 | 62,807 | 58,711 | 45,482 | 35,036 | 21,443 | 19,038 | -46,908 | -52,744 | 16,196 | 20,085 | 26,207 | 7,631 | 298 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 11,860 | 1,860 | 1,860 | 1,860 | 1,860 | 929 | 929 | 929 | 929 | 929 | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 929 | 929 | 929 | 929 | 929 | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-19,681 | -5,412 | -13,467 | -5,619 | 32,347 | 28,251 | 25,022 | 20,776 | 7,183 | 4,778 | -60,237 | -66,073 | 2,867 | 6,756 | 12,878 | -4,769 | -12,102 | |
17/49 |
58,234 | 31,408 | 36,368 | 16,170 | 29,223 | 57,602 | 208,043 | 323,780 | 625,396 | 414,186 | 245,867 | 279,875 | 220,281 | 265,593 | 1.1m | 499,603 | 18,607 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,552 | 12,481 | 21,976 | 124,596 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,552 | 12,481 | 21,976 | 124,596 | - | |
42/48 |
58,234 | 31,408 | 36,368 | 16,170 | 29,223 | 57,602 | 208,043 | 323,780 | 625,396 | 414,186 | 245,867 | 254,875 | 215,807 | 233,112 | 1.0m | 374,150 | 17,304 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | 2,552 | 9,929 | 9,495 | 377,477 | 8,682 | - | |
43 |
20,362 | 5,245 | 10,989 | 10,123 | 16,322 | - | - | - | - | - | - | - | - | 2,264 | - | - | - | |
430/8 |
20,362 | 5,245 | 10,989 | 10,123 | 16,322 | - | - | - | - | - | - | - | - | 2,264 | - | - | - | |
44 |
728 | 1,373 | - | 5,453 | 11,142 | 2,628 | 4,636 | 16,442 | 72,939 | 13,568 | 154 | 50,065 | - | - | 154,971 | 84,170 | 17,304 | |
440/4 |
728 | 1,373 | - | 5,453 | 11,142 | 2,628 | 4,636 | 16,442 | 72,939 | 13,568 | 154 | 50,065 | - | - | 154,971 | 84,170 | 17,304 | |
45 |
2,123 | 3,785 | - | 95 | 1,759 | 14,225 | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
2,123 | 3,785 | - | 95 | 1,759 | 14,225 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
35,021 | 21,005 | 25,379 | 499 | - | 40,749 | 203,407 | 307,338 | 552,457 | 400,618 | 245,713 | 202,258 | 205,878 | 221,353 | 480,306 | 281,298 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 25,000 | 1,922 | 20,000 | 42,865 | 857 | 1,303 | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | 306 | - | - | - | - | - | - | - | - | - | 3,036 | - | - | |
9900 |
-8,163 | 20,093 | 3,928 | -22,855 | 17,246 | 31,674 | 18,699 | 36,905 | 32,361 | 83,697 | 24,525 | -42,668 | 20,247 | 28,349 | 63,203 | 39,617 | -10,085 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 400 | |
630 |
3,250 | 9,100 | 9,954 | 11,971 | 11,926 | 12,223 | 7,631 | 11,055 | 10,466 | 9,946 | 16,112 | 23,199 | 20,361 | 20,361 | 20,569 | 11,043 | 1,458 | |
640/8 |
141 | 132 | 122 | 120 | 119 | 133 | 222 | 217 | 381 | 505 | 165 | 184 | 178 | 172 | 170 | 168 | 129 | |
9901 |
-11,554 | 10,861 | -6,148 | -34,946 | 5,201 | 19,318 | 10,846 | 25,633 | 21,514 | 73,246 | 8,248 | -66,051 | -292 | 7,816 | 42,464 | 28,406 | -12,072 | |
75/76B |
- | - | 7 | - | 43 | - | - | 9 | 432 | 2 | 1 | 223 | 21 | 4,794 | 9,531 | 6,386 | 25 | |
75 |
- | - | 7 | - | 43 | - | - | 9 | 432 | 2 | 1 | 223 | 21 | 4,794 | 9,531 | 6,386 | 25 | |
65/66B |
2,198 | 2,291 | 1,707 | 1,522 | 1,148 | 1,538 | 234 | 8,307 | 11,569 | 5,813 | 2,413 | 3,112 | 3,618 | 18,194 | 30,322 | 27,429 | 54 | |
65 |
2,198 | 2,291 | 1,707 | 1,522 | 1,148 | 1,538 | 234 | 8,307 | 11,569 | 5,813 | 2,413 | 3,112 | 3,618 | 18,194 | 30,322 | 27,429 | 54 | |
9903 |
-13,752 | 8,570 | -7,848 | -36,468 | 4,096 | 17,780 | 10,612 | 17,335 | 10,377 | 67,435 | 5,836 | -68,940 | -3,889 | -5,584 | 24,709 | 7,363 | -12,101 | |
67/77 |
517 | 515 | - | 1,498 | - | 4,551 | 6,366 | 3,742 | 7,972 | 1,489 | - | - | - | 538 | 6,133 | 30 | 1 | |
9904 |
-14,269 | 8,055 | -7,848 | -37,966 | 4,096 | 13,229 | 4,246 | 13,593 | 2,405 | 65,946 | 5,836 | -68,940 | -3,889 | -6,122 | 18,576 | 7,333 | -12,102 | |
9905 |
-14,269 | 8,055 | -7,848 | -37,966 | 4,096 | 13,229 | 4,246 | 13,593 | 2,405 | 65,946 | 5,836 | -68,940 | -3,889 | -6,122 | 18,576 | 7,333 | -12,102 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-19,681 | -5,412 | -13,467 | -5,619 | 32,347 | 38,251 | 25,022 | 20,776 | 7,183 | 5,709 | -60,237 | -66,073 | 2,867 | 6,756 | 13,807 | -4,769 | -12,102 | |
14P |
-5,412 | -13,467 | -5,619 | 32,347 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 10,000 | - | - | - | 931 | - | - | - | - | 929 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 931 | - | - | - | - | 929 | - | - | |
6921 |
- | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 27-10-2025 | 2025-00555419 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00523557 | |
| 31-03-2023 | micro format | 28-10-2023 | 2023-00506819 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20515527 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-74900215 | |
| 31-03-2020 | micro format | 30-09-2020 | 2020-57200282 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-73100331 | |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71000307 | |
| 31-03-2017 | abbreviated format | 27-11-2017 | 2017-70300350 | |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-67400335 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-61700529 | |
| 31-03-2014 | abbreviated format | 29-05-2015 | 2015-13500419 | |
| 31-03-2013 | abbreviated format | 30-04-2014 | 2014-11300568 | |
| 31-03-2012 | abbreviated format | 23-08-2013 | 2013-45300174 | |
| 31-03-2011 | abbreviated format | 01-02-2013 | 2013-02800313 | |
| 31-03-2010 | abbreviated format | 10-11-2010 | 2010-60500467 | |
| 31-03-2009 | abbreviated format | 26-02-2010 | 2010-05500376 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,304 | 19,961 | 3,806 | -22,975 | 17,127 | 31,541 | 18,477 | 36,688 | 31,980 | 83,192 | 24,360 | -42,852 | 20,069 | 28,177 | 63,033 | 39,449 | -10,614 | ||
| -11,019 | 17,155 | 2,106 | -25,995 | 16,022 | 25,452 | 11,877 | 24,648 | 12,871 | 75,892 | 21,948 | -45,741 | 16,472 | 14,239 | 39,145 | 18,376 | -10,644 | ||
| 0 | 0 | 0 | 0 | 17,459 | 35,182 | 0 | 2,983 | 2,599 | 17,000 | 15,615 | 17,116 | 12,000 | 12,000 | 49,584 | 51,049 | 2,500 | ||
| - | - | - | -159 | -11,277 | -30,926 | -30,405 | -402,802 | 449,840 | 25,977 | -8,795 | 4,057 | 4,592 | -503,218 | 430,839 | 65,795 | - | ||
| 10,316 | 21,335 | 4,180 | 2,074 | 28,069 | 29,506 | 39,236 | 21,159 | -506 | -34,778 | -93,670 | -75,003 | -32,672 | -9,136 | 20,985 | 92,036 | 559 | ||
| 15.6% | 44.4% | 31.8% | 60.6% | 68.2% | 50.5% | 17.9% | 9.8% | 3.3% | 4.4% | -23.6% | -23.2% | 6.8% | 7.0% | 2.4% | 1.5% | 1.6% | ||
| 1.18 | 1.68 | 1.11 | 1.13 | 1.96 | 1.51 | 1.19 | 1.07 | 1.00 | 0.92 | 0.62 | 0.71 | 0.85 | 0.96 | 1.02 | 1.25 | 1.03 | ||
| 0.83 | 0.92 | 0.32 | 0.55 | 1.64 | 1.26 | 0.58 | 0.23 | 0.78 | 0.13 | 0.05 | 0.13 | 0.17 | 0.18 | 0.82 | 0.31 | 1.03 | ||
| 5.40 | 1.25 | 2.14 | 0.65 | 0.47 | 0.98 | 4.57 | 9.24 | 29.17 | 21.76 | - | - | 13.60 | 13.22 | 41.12 | 65.47 | - | ||
| -132.4% | 32.2% | -46.2% | -152.8% | 6.5% | 22.5% | 9.3% | 38.8% | 11.2% | 346.4% | - | - | -24.0% | -30.5% | 70.9% | 96.1% | - | ||
| -20.7% | 14.3% | -14.7% | -92.6% | 4.5% | 11.4% | 1.7% | 3.8% | 0.4% | 15.2% | 2.9% | -30.4% | -1.6% | -2.1% | 1.7% | 1.4% | -64.0% | ||
| -3.78 | 8.71 | 2.23 | -15.10 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €11,554, after a profit of €10,861 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 55.6% to 84.4%. Equity is lower and debt is higher.
Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren. Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten toekennen aan elke mandataris.
Source: list of holdings in its own 31-03-2016 accounts. Every holding stands with its own latest accounts.
| Name | 2015 | 2016 |
|---|---|---|
| 24% | ||
Source: list of holdings in its own accounts
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Govaartsakker 10 registered office 9041 Ghent | ||
| - Harlekijnstraat 16, 9041 Ghent 43230 Insulation installation | 21-06-2007 | 2.164.607.656 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44051C0548/00F003 | 1,131 m² | 1 · 297 m² | - |
| 44051C0146/00F000 | 823 m² | 1 · 139 m² | 7.5 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0890.314.401
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