BUILDING PROJECT PARTNER
ActiveSummary
BUILDING PROJECT PARTNER has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€837,952) and a net result of -€172,654. Equity is shrinking by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+8
Solvency0▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.51 in 2024; short-term debt: 122% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
-25.2%
Return on assets
-5.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€837,952
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
17 d early
2023
27 d late
2022
13 d early
2021
20 d early
2020
15 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 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. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€172,654▲ 45.8%
2024 · -€318,345
Working capital
-€2.1m▼ 7.5%
2024 · -€1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€694,347-€69,821▲ 89.9%€220,037-€83,325-€22,959▲ 72.4%
Net result-€791,197below the sector's middle half-€191,365below the sector's middle half▲ 75.8%€2,391within the sector's middle half-€318,345below the sector's middle half-€172,654below the sector's middle half▲ 45.8%
Equity-€157,979below the sector's middle half-€349,344below the sector's middle half▼ 121%-€346,953below the sector's middle half▲ 0.7%-€665,298below the sector's middle half▼ 91.8%-€837,952below the sector's middle half▼ 26.0%
Total assets€3.6mabove the sector's middle half▼ 18.3%€3.4mabove the sector's middle half▼ 4.6%€3.6mabove the sector's middle half▲ 3.9%€3.4mabove the sector's middle half▼ 4.9%€3.3mwithin the sector's middle half▼ 2.2%
Debt€3.8m▼ 0.5%€3.8m▲ 0.7%€3.9m▲ 3.5%€4.1m▲ 3.6%€4.2m▲ 2.4%
Working capital-€1.3mbelow the sector's middle half▼ 170%-€1.5mbelow the sector's middle half▼ 13.7%-€1.5mbelow the sector's middle half▼ 0.5%-€1.9mbelow the sector's middle half▼ 25.2%-€2.1mbelow the sector's middle half▼ 7.5%
Solvency-4.4%below the sector's middle half▼ 18.7pp-10.1%below the sector's middle half▼ 5.8pp-9.7%below the sector's middle half▲ 0.4pp-19.5%below the sector's middle half▼ 9.9pp-25.2%below the sector's middle half▼ 5.6pp
Current ratio0.56below the sector's middle half▼ 0.260.54below the sector's middle half▼ 0.030.57below the sector's middle half▲ 0.040.51below the sector's middle half▼ 0.060.49below the sector's middle half▼ 0.02
Return on assets (ROA)-21.9%below the sector's middle half▼ 22.2pp-5.6%below the sector's middle half▲ 16.4pp0.1%below the sector's middle half▲ 5.6pp-9.4%below the sector's middle half▼ 9.4pp-5.2%below the sector's middle half▲ 4.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,959 in 2025 against €83,325 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€1.3m ▼ 4.5%
Current assets
€2.0m ▼ 0.6%
Key figures and ratios
EBITDA
€119,691▲
2024 · €88,727
Cash flow
-€30,004▲
2024 · -€146,293
Debt to equity
-4.97▲
2024 · -6.12
Interest coverage
0.65▲
2024 · 0.38
Debt ≤ 1 year
€4.1m▲
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.1%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,217 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163,357 | €184,769 | €185,725 | €172,052 | €142,650 | ▼ 17.1% |
| Other operating charges640/8 | €661,292 | €25,106 | €27,135 | €27,863 | €29,094 | ▲ 4.4% |
| Gross operating margin9900 | €130,302 | €140,054 | €432,897 | €116,590 | €148,785 | ▲ 27.6% |
| Operating profit (loss)9901 | -€694,347 | -€69,821 | €220,037 | -€83,325 | -€22,959 | ▲ 72.4% |
| Financial income75/76B | €4 | €36 | - | - | €35,754 | - |
| Recurring financial income75 | €4 | €36 | - | - | €35,754 | - |
| Financial charges65/66B | €96,854 | €121,580 | €217,646 | €235,020 | €185,449 | ▼ 21.1% |
| Recurring financial charges65 | €96,854 | €121,580 | €217,646 | €235,020 | €185,449 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | -€791,197 | -€191,365 | €2,391 | -€318,345 | -€172,654 | ▲ 45.8% |
| Profit (loss) for the period9904 | -€791,197 | -€191,365 | €2,391 | -€318,345 | -€172,654 | ▲ 45.8% |
| Profit (loss) for the period to be appropriated9905 | -€791,197 | -€191,365 | €2,391 | -€318,345 | -€172,654 | ▲ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.4m | €3.6m | €3.4m | €3.3m | ▼ 2.2% |
| Fixed assets21/28 | €1.9m | €1.7m | €1.5m | €1.4m | €1.3m | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.0m | €852,270 | €682,679 | €548,582 | €486,433 | ▼ 11.3% |
| Land and buildings22 | €1.0m | €846,784 | €676,129 | €544,183 | €425,395 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | - | - | - | €58,762 | - |
| Furniture and vehicles24 | €7,104 | €5,486 | €6,550 | €4,399 | €2,276 | ▼ 48.3% |
| Financial fixed assets28 | €841,019 | €841,019 | €841,019 | €841,019 | €841,019 | = |
| Current assets29/58 | €1.7m | €1.8m | €2.1m | €2.0m | €2.0m | ▼ 0.6% |
| Amounts receivable after more than one year29 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Other amounts receivable291 | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Amounts receivable within one year40/41 | €269,437 | €298,933 | €281,136 | €245,402 | €215,403 | ▼ 12.2% |
| Trade receivables40 | €264,933 | €295,024 | €278,628 | €244,070 | €215,085 | ▼ 11.9% |
| Other amounts receivable41 | €4,504 | €3,909 | €2,508 | €1,332 | €318 | ▼ 76.1% |
| Cash at bank and in hand54/58 | €2,198 | €1,258 | €88 | €1,365 | €3,052 | ▲ 124% |
| Deferred charges and accrued income490/1 | €13,187 | €13,224 | €347,614 | €347,615 | €383,299 | ▲ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.4m | €3.6m | €3.4m | €3.3m | ▼ 2.2% |
| Equity10/15 | -€157,979 | -€349,344 | -€346,953 | -€665,298 | -€837,952 | ▼ 26.0% |
| Contributions10/11 | €240,774 | €240,774 | €240,774 | €240,774 | €240,774 | = |
| Capital10 | €240,774 | €240,774 | €240,774 | €240,774 | €240,774 | = |
| Issued capital100 | €240,774 | €240,774 | €240,774 | €240,774 | €240,774 | = |
| Revaluation surpluses12 | €774,088 | €774,088 | €774,088 | €774,088 | €774,088 | = |
| Reserves13 | €260,253 | €260,253 | €260,253 | €260,253 | €260,253 | = |
| Non-distributable reserves130/1 | €260,253 | €260,253 | €260,253 | €260,253 | €260,253 | = |
| Other1319 | €260,253 | €260,253 | €260,253 | €260,253 | €260,253 | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.6m | -€1.6m | -€1.9m | -€2.1m | ▼ 8.9% |
| Amounts payable17/49 | €3.8m | €3.8m | €3.9m | €4.1m | €4.2m | ▲ 2.4% |
| Amounts payable after more than one year17 | €660,000 | €441,000 | €222,000 | - | - | - |
| Financial debts170/4 | €660,000 | €441,000 | €222,000 | - | - | - |
| Amounts payable within one year42/48 | €3.1m | €3.3m | €3.6m | €3.9m | €4.1m | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €219,000 | €219,000 | €219,000 | €222,000 | - | - |
| Financial debts43 | €2.3m | €2.5m | €2.7m | €2.9m | €3.1m | ▲ 5.8% |
| Credit institutions430/8 | €2.3m | €2.5m | €2.7m | €2.9m | €3.1m | ▲ 5.8% |
| Trade debts44 | €39,953 | €43,978 | €45,643 | €63,133 | €30,365 | ▼ 51.9% |
| Suppliers440/4 | €39,953 | €43,978 | €45,643 | €63,133 | €30,365 | ▼ 51.9% |
| Advances received on contracts in progress46 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Taxes, remuneration and social security45 | - | - | - | - | €12,954 | - |
| Taxes450/3 | - | - | - | - | €12,954 | - |
| Other amounts payable47/48 | €409,853 | €450,955 | €535,926 | €604,957 | €808,774 | ▲ 33.7% |
| Accrued charges and deferred income492/3 | €32,296 | €79,521 | €118,800 | €139,900 | €106,566 | ▼ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€791,197 | -€191,365 | €2,391 | -€318,345 | -€172,654 | ▲ 45.8% |
| + Depreciation and write-downs630 | €163,357 | €184,769 | €185,725 | €172,052 | €142,650 | ▼ 17.1% |
| Operating cash flow (approximation) | -€627,840 | -€6,596 | €188,116 | -€146,293 | -€30,004 | ▲ 79.5% |
| Investment in fixed assets (approximation) | - | -€5,514 | -€16,134 | -€37,955 | -€80,501 | ▼ 112% |
| Change in cash | - | -€940 | -€1,170 | €1,277 | €1,687 | ▲ 32.1% |
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
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Back to profitnet €2,391
Net result €2,391 after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€791,197
Net result drops to -€791,197, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €31,998
Net result €31,998 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
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 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Kortrijk · 1 establishment unit since 2008
Ground area
1.6 ha
Building footprint
2,207 m²
Volume, LiDAR
14,411 m³
Parcel 34354D0147/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Building Project Partner
since 20082.175.046.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0147/00E000 | Flanders | 1.6 ha | 1 · 2,207 m² | 8.3 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
2 owners · 1 holdingOwners 2
-
14.93%
-
5.07%
Holdings 1
-
90%
According to the 2022 annual accounts of BUILDING PROJECT PARTNER and those 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.
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Of 2,456 companies in sector 41003 we hold annual accounts for 1,058. 579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
68110Buying and selling of own real estate
Contact
E-mail
info@buildingprojects.eu
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806940426
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.