Turnover
≈ €310,000 estimated
The micro format states no turnover.
DAVID PROJECTS
Overview
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.
Credit check for an amount and term of your choice
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.
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.
Financials
Annual accounts 2025
micro format, filed on 26-03-2026, 54 days late€49,551
€47,890
€35,675
€161,459
20.1%
7.76
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 ≈ €310,000. Estimated: probably between €200,000 and €530,000.
Balance sheet
balance sheet total €192,570 on 30-06-2025What the company ownsHow it is paid for
Position in the sector
20.1%
Higher than 22% of 35,136 companies in 2025.
7.76
Higher than 91% of 34,510 companies in 2025.
18.5%
Higher than 75% of 34,711 companies in 2025.
DAVID PROJECTS
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
192,570 | |
21/28 |
7,217 | |
22/27 |
7,217 | |
24 |
7,217 | |
29/58 |
185,353 | |
40/41 |
158,684 | |
40 |
139,210 | |
41 |
19,474 | |
54/58 |
26,669 | |
| Balance sheet: equity and liabilities | ||
10/49 |
192,570 | |
10/15 |
38,675 | |
10/11 |
3,000 | |
13 |
300 | |
130/1 |
300 | |
1311 |
300 | |
14 |
35,375 | |
17/49 |
153,895 | |
42/48 |
23,895 | |
44 |
11,617 | |
440/4 |
11,617 | |
45 |
12,278 | |
450/3 |
12,278 | |
492/3 |
130,000 | |
| Income statement | ||
9900 |
49,551 | |
630 |
1,661 | |
9901 |
47,890 | |
75/76B |
112 | |
75 |
112 | |
65/66B |
48 | |
65 |
48 | |
9903 |
47,953 | |
67/77 |
12,278 | |
9904 |
35,675 | |
9905 |
35,675 | |
| Appropriation of the result | ||
9906 |
35,675 | |
691/2 |
300 | |
6921 |
300 | |
| Document | ||
The notes to these accounts have 9 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 26-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 54 days after the deadline. Filed on 26 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00062579.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 26-03-2026 | 2026-00062579 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 49,551 | ||
| 37,336 | ||
| 8,878 | ||
| 161,459 | ||
| 20.1% | ||
| 7.76 | ||
| 3.98 | ||
| 92.2% | ||
| 18.5% | ||
| over 100 |
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.
Investments
fixed assets acquired| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €7,650 |
| Intangible fixed assets | €1,228 |
| €1,661 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on DAVID PROJECTS
Debt's share of the balance-sheet total is 79.9%.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 12-09-2024
Mandates through the years
1 name, the dashed line is todayMILEA Ionut-Lucian
Statutory director
Statutory director
Board
Mandates as a list
- MILEA Ionut-Lucian
- Statutory director, appointed by deed of 12-09-2024, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €387 in 2025
- Source
- deed of 12-09-2024
Articles of association
deed of 12-09-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of December at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 12-09-2024 ↗
- MILEA Ionut-Lucian 100 shares (100%) · €3,000 in cash
Network & group
No group
DAVID PROJECTS has no parent and no holdings in its annual accounts. MILEA Ionut-Lucian is the only director. DAVID PROJECTS shares no director with another company.
At the same address
Félix Sterckxstraat 56, 1020 Brussels · 4 other companies| IULIUS CONSTRUCT
registered office since 21-12-2020 · founded in 2020 |
total assets €58,591 (2022) 0760.331.728 |
| Mavrodin, Tudorel (sole trader)
establishment since 20-11-2025 |
founded in 2025 1031.037.249 |
| Druciuc, Serghei (sole trader)
establishment since 19-02-2024 |
founded in 2024 1006.130.322 |
| Crăcană, Marian (sole trader)
establishment since 01-03-2022 |
founded in 2022 0782.745.458 |
Timeline
Timeline
5 events since 2024Filings
Establishments
Address
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 54 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013374440
2025
Registered office moved to LaekenNew registered office: rue Félix Sterckx 56 à 1020 Laeken · Previous registered office: avenue Houba de Strooper 678 B2 · General meeting of 24-03-20252 points ▸
- General meeting, 24-03-2025
- Registered-office move, rue Félix Sterckx 56 à 1020 Laeken
2024
IncorporationFounding capital of €3,000, 100 shares · Founder: MILEA Ionut-Lucian · Appointment: MILEA Ionut-Lucian (statutory director) · published on 12-09-20246 points ▸
- Founder, MILEA Ionut-Lucian
- Founding capital, €3,000, 100 shares
- 100 shares
- Director appointment, MILEA Ionut-Lucian (statutory director), mentioned twice in the deed
- Registered office clause, Avenue Houba de Strooper 678, boîte 2, 1020 Bruxelles
- Board rule, 1
- The deed holds 3 more points.
First establishment Houba de Strooperlaan 678, Brussels
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
DAVID PROJECTS was incorporated on 10 September 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Laeken in 2025.3 MILEA Ionut-Lucian is statutory director of the company, appointed by deed of 12-09-2024.2
Company details
Identity
- Enterprise number
- 1013.374.440
- VAT number
- BE 1013.374.440
- Peppol ID
- 0208:1013374440
- Other Peppol ID
- 9925:BE1013374440
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-09-2024
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of December at 10:00deed of 12-09-2024 (in French)
- Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
- “Délibérations, majorité des voix quel que soit le nombre de titres représentés”deed of 12-09-2024 (in French)
- Peppol
- Reachable since 07-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DAVID PROJECTS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-09-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 12-09-2024 (in French)
Activities
NACEBEL 202543410
Roofing work main activity
43110
Demolition
43341
Painting of buildings
Codes under NACEBEL 2008
43910
Specialised construction activities main activity
41201
General construction of buildings
43110
Demolition
43341
Painting of buildings
43991
Specialised construction activities
43999
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Tous travaux d’entreprise générale de constructions, de travaux de rénovation de bâtiments, de travaux de maçonnerie et de béton, de…”deed of 12-09-2024 (in French)
17 activities
- Tous travaux d’entreprise générale de constructions, de travaux de rénovation de bâtiments, de travaux de maçonnerie et de béton, de construction de bâtiments traditionnels ou préfabriqués de quelques types qu’ils soient ;
- Tous travaux de gros œuvre et de mise sous toit, plafonnage, crépissage, ravalement et remise en état de façades, restauration, chapes de sols et revêtements de sols privés ou industriels, isolation acoustique, antivibration et thermique ;
- L’entreprise, la réparation et l’entretien de travaux de couvertures-toitures, en tuiles, en chaume, en ardoises naturelles et artificielles, en quelques matériaux que ce soit, y compris les couvertures de toitures en métaux non ferreux ainsi que le placement de lucarnes en zinc, de portes et de plinthes en matière plastique, de ferronnerie, de volets et de menuiseries métalliques, de grilles, de portes rétractiles ou roulantes et de stores extérieurs ;
- Les travaux d’étanchéité et de revêtement de constructions par asphaltage et bitumage, entre autres les couvertures de toitures à base d’asphaltes ou à base de produits hydrocarbonés, éventuellement en combinaison avec d’autres matériaux ;
- Les travaux d’assèchement de constructions autres que par le bitume et l’asphalte ;
- Les travaux de constructions d’ouvrages d’art non métalliques, les travaux de construction y compris de cheminées et fours, et les travaux hydrofuges, installation de chauffage central à eau chaude, au gaz ou à vapeur, et de brûleurs, installations sanitaires, plomberie-zinguerie ;
- Les travaux de zinguerie et de couvertures métalliques de constructions ;
- Les travaux de couvertures non métalliques de constructions ;
- La peinture industrielle, le recouvrement de corniches en P.V.C., le démoussage de toitures; le ramonage de cheminées, l’installation d’échafaudages, le rejointoyage; les travaux de distribution d’eau et de gaz ;
- Tous travaux de démolition de bâtiments et d'ouvrages d'art, d’arasement et de déblayage ainsi que la préparation des sites ;
- Le transport de décombres inhérents aux dits travaux;
- Le commerce de matériaux ou matières de construction ;
- La coordination de sous-traitants ;
- La peinture et le tapissage, le garnissage, le placement et l’entretien de revêtements de sols de quelque matière que ce soit ;
- Le montage de plafonds et cloisons, revêtements et isolation de murs ;
- Toutes opérations se rapportant directement ou indirectement à l'entretien, la rénovation, les travaux de réparations, d'embellissements, de renouvellement et de modernisation et la maintenance de tous les types d'ouvrages d'art, de biens immeubles, et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment ;
- Toutes opérations de conseil, service et assistance aux sociétés, associations et personnes physiques en matière de ce qui précède, ainsi qu'en matière de gestion et d'administration de sociétés, tout dans le sens le plus large, cette énumération n'étant pas limitative ;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Felix Sterckxstraat 56 registered office 1020 Brussels | ||
| Houba de Strooperlaan 678 1020 Brussels 43120 Site preparation | 10-09-2024 | 2.364.762.010 |
Buildings and parcels at the addresses
- Ground area
- 335 m²
- Buildings
- 211 m²
- Volume, LiDAR
- 1,764 m³
- Tallest building
- 14.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21818A0003/00M032 | 217 m² | 1 · 133 m² | 11.6 m · 3 |
| 21816C0020/00H002 | 118 m² | 1 · 78 m² | 14.7 m · 4 |
Invoicing and payment
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 1013.374.440