Result
The result fell in 2025 from €128,186 to €70,121.
The result fell in 2025 from €128,186 to €70,121.
The micro format states no turnover.
Debts rose by €259,894 in 2025.
Green is investment, beige is depreciation. Land and buildings stand 13550.0% higher than in 2024.
Higher net result than 86% of companies in real estate. Sector median €5,857 · 19,817 companies.
In July 2024, 3,135 companies had the same profile as C+ projects has now. Each dot stands for 8 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,135 companies, not a prediction for C+ 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 | ||||
|---|---|---|---|---|
| C+ projects Nieuwpoort | €500,822 | €123,935 | 39.8% | - |
| AMBI INVEST De Panne | €530,130 | €77,864 | 7.8% | - |
| C-Syndic Leuven | €520,133 | €156,539 | -12.0% | - |
| HUGUES VANDERBECQ Ecaussinnes | €408,442 | €164,273 | 72.7% | - |
| A-BEHEER Brecht | €499,389 | €149,276 | 20.1% | 1.1 |
| LAGGA Wanze | €508,780 | €138,843 | 42.0% | - |
| Neurinvest Ninove | €528,059 | €123,422 | 77.4% | - |
These companies have the same main activity as C+ projects: property management for co-owned buildings (syndics) (NACE 68321). They are comparable in size and age: total assets between €408,000 and €530,000, founded between 2021 and 2023.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €180,000 and €290,000.
Higher than 57% of 19,830 companies in 2025.
Higher than 79% of 19,006 companies in 2025.
Higher than 81% of 19,472 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
500,822 | 170,807 | |
21/28 |
226,605 | 2,891 | |
22/27 |
201,605 | 2,891 | |
22 |
200,476 | 1,469 | |
24 |
1,129 | 1,422 | |
28 |
25,000 | - | |
29/58 |
274,217 | 167,916 | |
29 |
103,000 | 47,815 | |
291 |
103,000 | 47,815 | |
40/41 |
24,306 | 35,798 | |
40 |
2,941 | 11,214 | |
41 |
21,365 | 24,584 | |
54/58 |
146,065 | 83,571 | |
490/1 |
845 | 732 | |
| Balance sheet: equity and liabilities | |||
10/49 |
500,822 | 170,807 | |
10/15 |
199,307 | 129,186 | |
10/11 |
1,000 | 1,000 | |
14 |
198,307 | 128,186 | |
17/49 |
301,514 | 41,621 | |
17 |
221,658 | - | |
170/4 |
221,658 | - | |
42/48 |
79,641 | 41,621 | |
42 |
7,947 | - | |
44 |
4,213 | 1,023 | |
440/4 |
4,213 | 1,023 | |
45 |
44,439 | 40,598 | |
450/3 |
44,439 | 40,598 | |
47/48 |
23,042 | - | |
492/3 |
215 | - | |
| Income statement | |||
9900 |
123,935 | 168,898 | |
630 |
29,804 | 54 | |
640/8 |
1,965 | 1,315 | |
9901 |
92,166 | 167,529 | |
75/76B |
3,007 | 2,436 | |
75 |
3,007 | 2,436 | |
65/66B |
5,695 | 3,198 | |
65 |
5,695 | 3,198 | |
9903 |
89,478 | 166,767 | |
67/77 |
19,357 | 38,581 | |
9904 |
70,121 | 128,186 | |
9905 |
70,121 | 128,186 | |
| Appropriation of the result | |||
9906 |
198,307 | 128,186 | |
14P |
128,186 | - | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447761.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 121,970 | 167,583 | ||
| 99,925 | 128,240 | ||
| 253,518 | 2,944 | ||
| 62,494 | - | ||
| 194,576 | 126,296 | ||
| 39.8% | 75.6% | ||
| 3.44 | 4.03 | ||
| 1.51 | 0.32 | ||
| 35.2% | 99.2% | ||
| 14.0% | 75.0% | ||
| 21.42 | 52.41 |
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.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €228,518 | €2,944 |
| Financial fixed assets | €25,000 | - |
| €29,804 | €54 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 45% lower than in 2024.
Debt's share of the balance-sheet total rises from 24.4% to 60.2%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2027, in their own currency.
| BLOOM
registered office since 05-02-2003 · founded in 2003 |
3.9 FTE (2025) 0479.489.608 |
| ARCHITECTENBURO STEYAERT PHILIPPE
registered office since 23-05-2008 · founded in 2008 |
total assets €1.5m (2025) 0898.112.508 |
| Steyaert Projects
registered office since 19-11-2020 · founded in 2020 |
total assets €219,798 (2025) 0758.585.629 |
| STEYINVEST
registered office since 07-11-2022 · founded in 2022 |
total assets €178,008 (2025) 0793.335.680 |
| A+ PROJECTS
registered office since 08-03-2024 · founded in 2024 |
total assets €90,727 (2026) 1006.915.032 |
| 8Miles
registered office since 02-03-2026 |
founded in 2026 1035.031.471 |
| Steyaert, Cyriel (sole trader)
establishment since 10-10-2023 |
founded in 2023 1001.018.719 |
The network starts from the directors of C+ projects. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
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 | Start date | Unit number |
|---|---|---|
| C+PROJECTS registered office Emile Verhaerenlaan 67, 8620 Nieuwpoort | 22-05-2023 | 2.345.379.133 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38402D0517/00B009 | 2,071 m² | 1 · 371 m² | 12.2 m · 1 |
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