CO-PROJECT
ActiveSummary
CO-PROJECT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €810k and a net result of €373k. Equity is growing by ~53.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency99▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.92 against 5.02 in 2024; short-term debt: 9.9% and cash: 6.4% of total assets), and 26% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74%
Return on assets
34%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
45 d late
2024
53 d late
2023
29 d early
2022
27 d early
2021
31 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€810k▲ 3.1%
2024 · €785k
2018: €58klowest in 8 years
2019: €77k▲ +32.9% vs 2018
2020: €87k▲ +12.6% vs 2019
2021: €162k▲ +87.1% vs 2020
2022: €334k▲ +106% vs 2021
2023: €467k▲ +39.9% vs 2022
2024: €785k▲ +68.0% vs 2023
2025: €810k▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.09M▼ 10.1%
2024 · €1.22M
2018: €91klowest in 8 years
2019: €99k▲ +9.2% vs 2018
2020: €442k▲ +346% vs 2019
2021: €687k▲ +55.3% vs 2020
2022: €827k▲ +20.3% vs 2021
2023: €930k▲ +12.6% vs 2022
2024: €1.22M▲ +30.9% vs 2023highest in 8 years
2025: €1.09M▼ -10.1% vs 2024
2018 → 2025
Net result
€373k▲ 17.3%
2024 · €318k
2018: €30k
2019: €13k▼ -57.5% vs 2018
2020: €10k▼ -24.7% vs 2019lowest in 8 years
2021: €75k▲ +680% vs 2020
2022: €172k▲ +128% vs 2021
2023: €133k▼ -22.5% vs 2022
2024: €318k▲ +138% vs 2023
2025: €373k▲ +17.3% vs 2024highest in 8 years
2018 → 2025
Working capital
€-8k
2024 · €161k
2018: €29k
2019: €44k▲ +50.1% vs 2018
2020: €-297k▼ -777% vs 2019lowest in 8 years
2021: €-274k▲ +8.0% vs 2020
2022: €-151k▲ +44.8% vs 2021
2023: €188k▲ +225% vs 2022highest in 8 years
2024: €161k▼ -14.3% vs 2023
2025: €-8k▼ -105% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€334k▲ 106%€467k▲ 39.9%€785k▲ 68.0%€810k▲ 3.1%
2021: €162klowest in 5 years
2022: €334k▲ +106% vs 2021
2023: €467k▲ +39.9% vs 2022
2024: €785k▲ +68.0% vs 2023
2025: €810k▲ +3.1% vs 2024highest in 5 years
Operating result€-3k-€54k€49k▼ 9.0%€510▼ 99.0%€33k▲ 6,423%
2021: €-3klowest in 5 years
2022: €54k▲ +1846% vs 2021highest in 5 years
2023: €49k▼ -9.0% vs 2022
2024: €510▼ -99.0% vs 2023
2025: €33k▲ +6423% vs 2024
Net result€75k-€172k▲ 128%€133k▼ 22.5%€318k▲ 138%€373k▲ 17.3%
2021: €75klowest in 5 years
2022: €172k▲ +128% vs 2021
2023: €133k▼ -22.5% vs 2022
2024: €318k▲ +138% vs 2023
2025: €373k▲ +17.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6,423% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€995k ▼ 2.1%
Current assets
€100k ▼ 50.4%
Equity and liabilities €1.09M
Equity
€810k ▲ 3.1%
Debt
€285k ▼ 34.1%
Debt's share of the balance-sheet total falls from 35.5% to 26.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▼
2024 · €97k
Cash flow
€432k▲
2024 · €414k
Current ratio
0.92▼
2024 · 5.02
Debt to equity
0.35▼
2024 · 0.55
ROE
46.0%▲
2024 · 40.5%
ROA
34.0%▲
2024 · 26.1%
Interest coverage
38.06▲
2024 · 35.02
Debt ≤ 1 year
€108k▲
2024 · €40k
Debt > 1 year
€177k▼
2024 · €392k
Income taxes
€8k▲
2024 · €75
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.09M▼
Fixed assets21/28€1.02M€995k▼
Tangible fixed assets22/27€676k€655k▼
Land and buildings22€638k€631k▼
Plant, machinery and equipment23€17k€19k▲
Furniture and vehicles24€21k€6k▼
Financial fixed assets28€340k€340k=
Current assets29/58€201k€100k▼
Amounts receivable within one year40/41€26k€28k▲
Trade receivables40€12k€7k▼
Other amounts receivable41€15k€21k▲
Cash at bank and in hand54/58€174k€71k▼
Deferred charges and accrued income490/1€871€890▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.09M▼
Equity10/15€785k€810k▲
Contributions10/11€20k€20k=
Reserves13€66k€10k▼
Distributable reserves133€66k€10k▼
Profit (loss) carried forward14€699k€780k▲
Amounts payable17/49€432k€285k▼
Amounts payable after more than one year17€392k€177k▼
Financial debts170/4€198k€170k▼
Other amounts payable178/9€194k€7k▼
Amounts payable within one year42/48€40k€108k▲
Current portion of amounts payable after more than one year42€28k€28k▲
Trade debts44€145€2k▲
Suppliers440/4€145€2k▲
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€10k€4k▼
Other amounts payable47/48€3k€75k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€60k▼
Other operating charges640/8€965€2k▲
Gross operating margin9900€98k€95k▼
Operating profit (loss)9901€510€33k▲
Financial income75/76B€320k€350k▲
Recurring financial income75€320k€350k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€318k€381k▲
Income taxes67/77€75€8k▲
Profit (loss) for the period9904€318k€373k▲
Profit (loss) for the period to be appropriated9905€318k€373k▲
Appropriation of the result
Profit (loss) to be appropriated9906€699k€1.07M▲
Profit (loss) brought forward from the previous period14P€381k€699k▲
Transfer from equity791/2-€56k
Profit to be distributed694/7-€348k
Return on contributions (dividend)694-€348k
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €31k | €48k | €96k | €60k | ▼ 38.2% |
| Other operating charges640/8 | €991 | €868 | €1k | €965 | €2k | ▲ 157% |
| Non-recurring operating charges66A | - | €50k | - | - | - | - |
| Gross operating margin9900 | €58k | €135k | €98k | €98k | €95k | ▼ 2.5% |
| Operating profit (loss)9901 | €-3k | €54k | €49k | €510 | €33k | ▲ 6,423% |
| Financial income75/76B | €80k | €130k | €100k | €320k | €350k | ▲ 9.4% |
| Recurring financial income75 | €80k | €130k | €100k | €320k | €350k | ▲ 9.4% |
| Financial charges65/66B | €2k | €3k | €3k | €3k | €2k | ▼ 11.7% |
| Recurring financial charges65 | €2k | €3k | €3k | €3k | €2k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €76k | €181k | €146k | €318k | €381k | ▲ 19.9% |
| Income taxes67/77 | €151 | €9k | €13k | €75 | €8k | ▲ 11,126% |
| Profit (loss) for the period9904 | €75k | €172k | €133k | €318k | €373k | ▲ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €75k | €172k | €133k | €318k | €373k | ▲ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €687k | €827k | €930k | €1.22M | €1.09M | ▼ 10.1% |
| Fixed assets21/28 | €662k | €739k | €703k | €1.02M | €995k | ▼ 2.1% |
| Tangible fixed assets22/27 | €322k | €399k | €363k | €676k | €655k | ▼ 3.2% |
| Land and buildings22 | €288k | €311k | €296k | €638k | €631k | ▼ 1.2% |
| Plant, machinery and equipment23 | €26k | €20k | €23k | €17k | €19k | ▲ 6.3% |
| Furniture and vehicles24 | €8k | €67k | €44k | €21k | €6k | ▼ 72.9% |
| Financial fixed assets28 | €340k | €340k | €340k | €340k | €340k | = |
| Current assets29/58 | €25k | €88k | €227k | €201k | €100k | ▼ 50.4% |
| Amounts receivable within one year40/41 | €23k | €19k | €12k | €26k | €28k | ▲ 7.4% |
| Trade receivables40 | €12k | €18k | €12k | €12k | €7k | ▼ 40.4% |
| Other amounts receivable41 | €11k | €731 | - | €15k | €21k | ▲ 44.7% |
| Cash at bank and in hand54/58 | €2k | €64k | €210k | €174k | €71k | ▼ 59.5% |
| Deferred charges and accrued income490/1 | €206 | €5k | €5k | €871 | €890 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €687k | €827k | €930k | €1.22M | €1.09M | ▼ 10.1% |
| Equity10/15 | €162k | €334k | €467k | €785k | €810k | ▲ 3.1% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €68k | €68k | €66k | €66k | €10k | ▼ 85.4% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €66k | €66k | €66k | €66k | €10k | ▼ 85.4% |
| Profit (loss) carried forward14 | €75k | €248k | €381k | €699k | €780k | ▲ 11.6% |
| Amounts payable17/49 | €525k | €492k | €463k | €432k | €285k | ▼ 34.1% |
| Amounts payable after more than one year17 | €227k | €253k | €423k | €392k | €177k | ▼ 54.9% |
| Financial debts170/4 | €227k | €253k | €226k | €198k | €170k | ▼ 14.2% |
| Other amounts payable178/9 | - | - | €197k | €194k | €7k | ▼ 96.6% |
| Amounts payable within one year42/48 | €298k | €239k | €39k | €40k | €108k | ▲ 170% |
| Current portion of amounts payable after more than one year42 | €19k | €27k | €27k | €28k | €28k | ▲ 1.5% |
| Trade debts44 | €393 | €2k | €444 | €145 | €2k | ▲ 943% |
| Suppliers440/4 | €393 | €2k | €444 | €145 | €2k | ▲ 943% |
| Taxes, remuneration and social security45 | €3k | €3k | €9k | €10k | €4k | ▼ 62.7% |
| Taxes450/3 | €3k | €3k | €9k | €10k | €4k | ▼ 62.7% |
| Other amounts payable47/48 | €277k | €208k | €3k | €3k | €75k | ▲ 2,755% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €172k | €133k | €318k | €373k | ▲ 17.3% |
| + Depreciation and write-downs630 | €60k | €31k | €48k | €96k | €60k | ▼ 38.2% |
| Operating cash flow (approximation) | €136k | €203k | €181k | €414k | €432k | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | €-107k | €-12k | €-410k | €-38k | ▲ 90.7% |
| Change in cash | - | €62k | €146k | €-36k | €-104k | ▼ 186% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Highest result since 2018net €373k ▲17.3%
Net result €373k, the highest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Equity above €500kEq €785k ▲68%
7 profitable years in a row build equity to €785k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 16current ratio 5.78
Current ratio from 0.37 to 5.78; short-term debt falls from €239k to €39k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €334k ▲106%
5 profitable years in a row build equity to €334k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €162k ▲87.1%
4 profitable years in a row build equity to €162k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10k ▼24.7%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zulte · 1 establishment unit since 2017
Ground area
1,059 m²
Building footprint
180 m²
Volume, LiDAR
951 m³
Parcel 44037B0665/00A000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CO-PROJECT
since 20172.260.867.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037B0665/00A000 | Flanders | 1,059 m² | 1 · 180 m² | 6.3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,108 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
Founded25-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.