Turnover
≈ €310,000 estimated
The micro format states no turnover.
DAVID PROJECTS
Lifetime
1 annual account with figurespeak €49,551 (2025)
€49,551
peak €35,675 (2025)
€35,675
peak €38,675 (2025)
€38,675
€153,895
Board1 name since 2024
1 directorMILEA Ionut-Lucian
Documentsfilings and deeds
26-03-202654 days late
2025micro format
Registered office moved to Laeken 23-05First year with figures
Key points
from the 2025 annual accountsDebts
€153,895 80% of the balance sheet
Suppliers 8%Taxes and wages 8%Other 84%
Of this, €23,895 falls due within a year.
Starting capital
€3,000 100 shares
2025 accounts filed 54 days after the deadline
Checked score
50
Fair
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 3.9%
11-2025: 4.0%▲ +0.1 percentage points vs 10-2025
12-2025: 4.1%▲ +0.1 percentage points vs 11-2025
01-2026: 4.7%▲ +0.6 percentage points vs 12-2025
02-2026: 4.7%● unchanged vs 01-2026
03-2026: 5.1%▲ +0.4 percentage points vs 02-2026
04-2026: 6.9%▲ +1.8 percentage points vs 03-2026
05-2026: 7.1%▲ +0.2 percentage points vs 04-2026
06-2026: 6.9%▼ -0.2 percentage points vs 05-2026
07-2026: 7.0%▲ +0.1 percentage points vs 06-2026
08-2026: 7.3%▲ +0.3 percentage points vs 07-2026
09-2026: 7.5%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 3.9%▼ -3.6 percentage points vs 09-2026
11-2026: 3.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
1 change of registered office in 24 months
Size: total assets €192,570
lowers risk
Liquidity: current ratio 7.76, cash €26,669
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 22% of them on solvency, 64% on liquidity and 78% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as DAVID PROJECTS has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DAVID PROJECTS itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,976 companies, not a prediction for DAVID 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.76, above the usual 1.5. Short-term debt is 12.4% and cash 13.8% of total assets. However, 79.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-03-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
54 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013374440
Registered office moved to Laeken
New registered office: rue Félix Sterckx 56 à 1020 Laeken · Previous registered office: avenue Houba de Strooper 678 B2 · General meeting of 24-03-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: MILEA Ionut-Lucian · Appointment: MILEA Ionut-Lucian (statutory director) · published on 12-09-2024 · Gazette deed
First establishment
Houba de Strooperlaan 678, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DAVID PROJECTS Brussels | €192,570 | €49,551 | 20.1% | - |
| Dakwerken Bart Rousseau Brakel | €194,558 | €55,199 | 28.9% | - |
| TOITURES PAHAUT Ciney | €198,762 | €58,434 | 1.4% | - |
| MO-TECH Ghent | €180,490 | €49,074 | 43.9% | - |
| BEDIDAK Hoogstraten | €226,554 | €48,559 | 11.6% | - |
| BDM Constructions Antwerp | €198,525 | €45,115 | 17.7% | - |
| TEF CONCEPT & FILS Le Roeulx | €166,547 | €40,689 | 16.7% | - |
These companies have the same main activity as DAVID PROJECTS: roofing work (NACE 43410). They are comparable in size and age: total assets between €167,000 and €227,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 10-09-2024Normal situation
- Activity
- Roofing workNACE 43410and 5 others
- Establishment unit
- 2.364.762.0101020 Brussels, since 10-09-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 07-01-2026
Insights on DAVID PROJECTS
The computed 12-month bankruptcy probability of DAVID PROJECTS is 3.9% (moderate). The 2025 annual accounts show equity of €38,675 and a net result of €35,675.
Its solvency ranks better than 22% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DAVID PROJECTS
- What is the company number of DAVID PROJECTS?
- The company number of DAVID PROJECTS is 1013.374.440. The VAT number is the same number with BE in front: BE 1013.374.440.
- Where is DAVID PROJECTS based?
- The registered office is at Felix Sterckxstraat 56, 1020 Brussels.Company details
- What does DAVID PROJECTS do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of DAVID PROJECTS?
- DAVID PROJECTS is a private limited company (BV).
- When was DAVID PROJECTS founded?
- DAVID PROJECTS was founded on 10-09-2024.
- Is DAVID PROJECTS still active?
- Yes, DAVID PROJECTS is an active enterprise in the KBO register.
- What is the turnover of DAVID PROJECTS?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €49,551 and 353 comparable companies (NACE 43). It probably lies between €200,000 and €530,000.Financials
- Is DAVID PROJECTS profitable?
- In financial year 2025, DAVID PROJECTS made a profit of €35,675.
- Where can I find the annual accounts of DAVID PROJECTS?
- DAVID PROJECTS filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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