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Etudes et Projets

Active
Public limited companyfounded 1986active for 40 yearsRue Maurice Maeterlinck 3, 1480 Tubize, BelgiumKBO/BCE: BE 0428.983.389
Summary

Etudes et Projets has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €813,412 and a net result of €49,669. Equity has been growing by about 5.9% per year since 2019. Its solvency ranks better than 55% of 174 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 18-04-1986 Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
Establishment unit
2.037.238.045 1480 Tubize, since 15-03-1993
Financial year end
31 March
Peppol
Reachable since 16-10-2025

Board and ownership

Board

Financial position

94 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Gross margin
€67,283
▼ 15.9%
Turnover
≈ €87,000
estimated
Profit
€49,669
▲ 135%
Equity
€813,412
▲ 1.1%
Total assets
€1.8m
▼ 4.3%
Score breakdownraises riskLiquidity: current ratio 0.06, cash €13,243lowers riskSize: total assets €1.8mFounded in 1986Figures for financial year 2026 (filed on 23-07-2026)Show the evidence

Checked score

Score 2026
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of micro companies in real estate (NACE 68)
Financial strength · tick: 2025
Strong
Solvency 70+2
equity 45.1% of total assets
Liquidity 40-1
short-term debt 27.5% · cash 0.7%
Profitability 72-8
return on assets 2.8%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.06 (0.11 in 2025), below 1. Short-term debt is 27.5% and cash 0.7% of total assets. 54.9% of the assets are financed with debt and provisions.
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 68, micro). It does better than 61% of them on solvency, 33% on liquidity, 64% on profitability and 49% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1986
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2026 (filed on 23-07-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.06, cash €13,243
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-07-2026, 100 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
100 days early
2025
109 days early
2024
84 days early
2023
85 days early
2022
41 days early
2021
38 days early
2020
58 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 74 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 7 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 4th oldest company in Tubize, Real estate sectorin the Checked rankings No. 4 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 7 years View

Recent changes

  1. · Gazette deed Resignation: Philippe RASQUIN (director)Appointments: SMITS Didier (director) and ETIENNE Isabelle (director) · Reappointment: SMITS Didier (managing director)
  2. · Gazette deed Reappointments: Didier Smits (director) and Isabel Etienne (director)Appointment: Didier Smits (administrateur délégué à la gestion journalière)
  3. · Gazette deed Registered office moved from Genval to Tubize
All 19 events

Comparable companies

These companies have the same main activity as Etudes et Projets: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.6m and €2.1m, founded between 1985 and 1991.

CompanyTotal assetsGross margin
Etudes et Projets Tubize€1.8m€0.07m
Kruisem Logistics Park Erpe-Mere€1.6m€0.07m
DEBRO Grimbergen€1.6m€0.06m
Van Mossel Leyssen Bree€1.6m€0.06m
arc-huis Damme€1.7m€0.06m
PRALICAR Oudenaarde€2.1m€0.06m
WELL'S Liège€2.1m€0.08m
Full comparison

Key facts about Etudes et Projets

What is the company number of Etudes et Projets?
The company number of Etudes et Projets is 0428.983.389. The VAT number is the same number with BE in front: BE 0428.983.389.
Where is Etudes et Projets based?
The registered office is at Rue Maurice Maeterlinck 3, 1480 Tubize.Company details
What does Etudes et Projets do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Etudes et Projets?
The legal form of Etudes et Projets is Public limited company (NV).
When was Etudes et Projets founded?
Etudes et Projets was founded on 18-04-1986.
Is Etudes et Projets still active?
Yes, Etudes et Projets is an active enterprise in the KBO register.
What is the turnover of Etudes et Projets?
The turnover in financial year 2026 is ≈ €87,000. This figure is estimated from the gross margin of €67,283 and 45 comparable companies (NACE 682). It probably lies between €75,000 and €110,000. In financial year 2025 turnover was €96,000.Financials
Is Etudes et Projets profitable?
In financial year 2026, Etudes et Projets made a profit of €49,669.
Where can I find the annual accounts of Etudes et Projets?
Etudes et Projets filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of Etudes et Projets due?
Etudes et Projets must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

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