DIVINE PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of DIVINE PROJECT is 2.7% (moderate). The 2025 annual accounts show negative equity (€-98k) and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 7% of 3705 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-60
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.36 in 2024; short-term debt: 249.6% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-149.6%
Return on assets
-5.5%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €-98k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2022
30 d late
2021
30 d late
2020
37 d late
2019
31 d late
2018
29 d late
← 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, abbreviated schema
Equity
€-98k▼ 3.8%
2024 · €-94k
2018: €-111k
2019: €-113k▼ -1.8% vs 2018lowest value
2020: €-95k▲ +15.2% vs 2019
2021: €-101k▼ -6.2% vs 2020
2022: €-103k▼ -1.3% vs 2021
2024: €-94khighest value
2025: €-98k▼ -3.8% vs 2024
2018 → 2025
Total assets
€65k▲ 22.8%
2024 · €53k
2018: €72k
2019: €85k▲ +17.5% vs 2018
2020: €271k▲ +220% vs 2019highest value
2021: €43k▼ -84.3% vs 2020lowest value
2022: €43k▲ +0.8% vs 2021
2024: €53k
2025: €65k▲ +22.8% vs 2024
2018 → 2025
Net result
€-4k
2024 · €10k
2018: €10k
2019: €-2k▼ -120% vs 2018
2020: €17k▲ +952% vs 2019highest value
2021: €-6k▼ -135% vs 2020lowest value
2022: €-1k▲ +77.8% vs 2021
2024: €10k
2025: €-4k▼ -137% vs 2024
2018 → 2025
Working capital
€-109k▼ 16.1%
2024 · €-94k
2018: €-111k
2019: €-113k▼ -1.8% vs 2018
2020: €-146k▼ -29.4% vs 2019lowest value
2021: €-101k▲ +30.4% vs 2020
2022: €-103k▼ -1.3% vs 2021
2024: €-94khighest value
2025: €-109k▼ -16.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€-95k-€-101k▼ 6.2%€-103k▼ 1.3%€-94k▲ 8.4%€-98k▼ 3.8%
2020: €-95k
2021: €-101k▼ -6.2% vs 2020
2022: €-103k▼ -1.3% vs 2021lowest value
2024: €-94khighest value
2025: €-98k▼ -3.8% vs 2024
Operating result€20k-€-5k€-962▲ 79.3%€10k€-4k
2020: €20khighest value
2021: €-5k▼ -123% vs 2020lowest value
2022: €-962▲ +79.3% vs 2021
2024: €10k
2025: €-4k▼ -136% vs 2024
Net result€17k-€-6k€-1k▲ 77.8%€10k€-4k
2020: €17khighest value
2021: €-6k▼ -135% vs 2020lowest value
2022: €-1k▲ +77.8% vs 2021
2024: €10k
2025: €-4k▼ -137% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €10k in 2024.
Balance-sheet composition
Assets €65k
Fixed assets
€12k
Current assets
€54k
Key figures and ratios
Solvency
-149.6%▲
2024 · -176.9%
Current ratio
0.33▼
2024 · 0.36
Quick ratio
0.11▼
2024 · 0.12
Debt to equity
-1.67▼
2024 · -1.57
ROA
-5.5%▼
2024 · 18.5%
Debt
€163k▲
2024 · €147k
Debt ≤ 1 year
€163k▲
2024 · €147k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€53k€65k▲
Fixed assets21/28-€12k
Tangible fixed assets22/27-€12k
Land and buildings22-€12k
Current assets29/58€53k€54k▲
Stocks and contracts in progress3€36k€36k=
Stocks30/36€36k€36k=
Amounts receivable within one year40/41€17k€18k▲
Trade receivables40€17k€17k=
Other amounts receivable41-€563
Cash at bank and in hand54/58€8€8=
Equity and liabilities
Total equity and liabilities10/49€53k€65k▲
Equity10/15€-94k€-98k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-113k€-116k▼
Amounts payable17/49€147k€163k▲
Amounts payable within one year42/48€147k€163k▲
Trade debts44€2k€17k▲
Suppliers440/4€2k€17k▲
Taxes, remuneration and social security45€114€114=
Taxes450/3€114€114=
Other amounts payable47/48€145k€145k=
Income statement
Code20242025
Other operating charges640/8-€902
Gross operating margin9900€10k€-3k▼
Operating profit (loss)9901€10k€-4k▼
Financial charges65/66B€190-
Recurring financial charges65€190-
Profit (loss) for the period before taxes9903€10k€-4k▼
Profit (loss) for the period9904€10k€-4k▼
Profit (loss) for the period to be appropriated9905€10k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-113k€-116k▼
Profit (loss) brought forward from the previous period14P€-122k€-113k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | - | - | - | - | - |
| Other operating charges640/8 | - | €1k | - | - | €902 | - |
| Gross operating margin9900 | €26k | €-4k | €-962 | €10k | €-3k | ▼ 127% |
| Operating profit (loss)9901 | €20k | €-5k | €-962 | €10k | €-4k | ▼ 136% |
| Financial charges65/66B | - | €1k | €356 | €190 | - | - |
| Recurring financial charges65 | €3k | €1k | €356 | €190 | - | - |
| Profit (loss) for the period before taxes9903 | €17k | €-6k | €-1k | €10k | €-4k | ▼ 137% |
| Profit (loss) for the period9904 | €17k | €-6k | €-1k | €10k | €-4k | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-6k | €-1k | €10k | €-4k | ▼ 137% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271k | €43k | €43k | €53k | €65k | ▲ 22.8% |
| Fixed assets21/28 | €228k | - | - | - | €12k | - |
| Tangible fixed assets22/27 | €228k | - | - | - | €12k | - |
| Land and buildings22 | - | - | - | - | €12k | - |
| Current assets29/58 | €42k | €43k | €43k | €53k | €54k | ▲ 1.1% |
| Stocks and contracts in progress3 | €36k | €36k | €36k | €36k | €36k | = |
| Stocks30/36 | - | €36k | €36k | €36k | €36k | = |
| Amounts receivable within one year40/41 | €5k | €7k | €7k | €17k | €18k | ▲ 3.3% |
| Trade receivables40 | - | €5k | €5k | €17k | €17k | = |
| Other amounts receivable41 | - | €2k | €2k | - | €563 | - |
| Cash at bank and in hand54/58 | €1k | €13 | €0 | €8 | €8 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271k | €43k | €43k | €53k | €65k | ▲ 22.8% |
| Equity10/15 | €-95k | €-101k | €-103k | €-94k | €-98k | ▼ 3.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-114k | €-120k | €-121k | €-113k | €-116k | ▼ 3.2% |
| Amounts payable17/49 | €366k | €144k | €146k | €147k | €163k | ▲ 10.7% |
| Amounts payable after more than one year17 | €178k | - | - | - | - | - |
| Amounts payable within one year42/48 | €188k | €144k | €146k | €147k | €163k | ▲ 10.7% |
| Financial debts43 | - | - | €1k | - | - | - |
| Credit institutions430/8 | - | - | €1k | - | - | - |
| Trade debts44 | €2k | €937 | €2k | €2k | €17k | ▲ 920% |
| Suppliers440/4 | - | €937 | €2k | €2k | €17k | ▲ 920% |
| Taxes, remuneration and social security45 | - | - | - | €114 | €114 | = |
| Taxes450/3 | - | - | - | €114 | €114 | = |
| Other amounts payable47/48 | - | €143k | €142k | €145k | €145k | = |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-6k | €-1k | €10k | €-4k | ▼ 137% |
| + Depreciation and write-downs630 | €5k | - | - | - | - | - |
| Operating cash flow (approximation) | €22k | €-6k | €-1k | €10k | €-4k | ▼ 137% |
| Change in cash | - | €-1k | €-13 | - | €0 | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
14-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 16/07/2026
- Registered-office move, Rue du Cura 37, 1400 Nivelles
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2009
Ground area
3,029 m²
Building footprint
899 m²
Volume, LiDAR
7,140 m³
2 parcels, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
Divine Project
since 20092.178.331.473
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0447/00X003 | Wallonia | 2,951 m² | 1 · 809 m² | 8.9 m · 2 fl. |
| 25782C0208/00X005 | Wallonia | 79 m² | 1 · 90 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,351 companies in sector 56220 we hold annual accounts for 406. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.