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Eye Projects

Active
Private limited companyfounded 2013active for 13 yearsJasmijnstraat 7, 3500 Hasselt, BelgiumKBO/BCE: BE 0536.860.653

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

The file of Eye Projects contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €8,768 and a net result of -€5,642. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 17,107 sector peers (NACE 68, financial year 2025).

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

Download PDF
Financial year ended
30-06-2025
Filed on
27-11-2025
Format
micro format
Reference
2025-00571621
Equity
€8,768▼ 39.2%
2024 · €14,410
Total assets
€19,608▲ 29.3%
2024 · €15,161
Net result
-€5,642▼ 25.8%
2024 · -€4,485
Working capital
€7,024▼ 47.5%
2024 · €13,369
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result stays negative: a loss of €5,059 in 2025 against €4,341 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,059 2025 Net result-€5,642 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€8,636-€9,492€13,650▲ 43.8%€2,742▼ 79.9%€3,627▲ 32.2%-€4,341-€5,059▼ 16.5%
Net result-€15,977-€6,244within the sector's middle half€10,399within the sector's middle half▲ 66.5%€519within the sector's middle half▼ 95.0%€1,113within the sector's middle half▲ 114%-€4,485within the sector's middle half-€5,642within the sector's middle half▼ 25.8%
Equity-€11,781--€5,537below the sector's middle half▲ 53.0%€4,862below the sector's middle half€5,381below the sector's middle half▲ 10.7%€6,494below the sector's middle half▲ 20.7%€14,410within the sector's middle half▲ 122%€8,768within the sector's middle half▼ 39.2%
Total assets€133,664-€31,831below the sector's middle half▼ 76.2%€33,182below the sector's middle half▲ 4.2%€28,574below the sector's middle half▼ 13.9%€25,199below the sector's middle half▼ 11.8%€15,161below the sector's middle half▼ 39.8%€19,608below the sector's middle half▲ 29.3%
Debt€145,446-€37,368▼ 74.3%€28,320▼ 24.2%€23,194▼ 18.1%€18,705▼ 19.4%€751▼ 96.0%€10,840▲ 14×
Working capital-€11,781--€5,842within the sector's middle half▲ 50.4%€3,953within the sector's middle half€2,443within the sector's middle half▼ 38.2%€4,537within the sector's middle half▲ 85.7%€13,369within the sector's middle half▲ 195%€7,024within the sector's middle half▼ 47.5%
Solvency-8.8%--17.4%below the sector's middle half▼ 8.6pp14.7%within the sector's middle half▲ 32.0pp18.8%within the sector's middle half▲ 4.2pp25.8%within the sector's middle half▲ 6.9pp95.0%above the sector's middle half▲ 69.3pp44.7%within the sector's middle half▼ 50.3pp
Current ratio0.92-0.84within the sector's middle half▼ 0.081.14within the sector's middle half▲ 0.301.11within the sector's middle half▼ 0.031.24within the sector's middle half▲ 0.1418.80above the sector's middle half▲ 17.551.65within the sector's middle half▼ 17.15
Return on assets (ROA)-12.0%-19.6%above the sector's middle half▲ 31.6pp31.3%above the sector's middle half▲ 11.7pp1.8%within the sector's middle half▼ 29.5pp4.4%within the sector's middle half▲ 2.6pp-29.6%below the sector's middle half▼ 34.0pp-28.8%below the sector's middle half▲ 0.8pp
Staff (FTE)1-
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,608
Fixed assets €1,744 ▲ 67.5%
Current assets €17,865 ▲ 26.5%
Equity and liabilities €19,608
Equity €8,768 ▼ 39.2%
Debt €10,840 ▲ 14×
Debt's share of the balance-sheet total rises from 5.0% to 55.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€4,658▼
2024 · -€3,424
Cash flow
-€5,240▼
2024 · -€3,568
Quick ratio
0.77▼
2024 · 7.48
Debt to equity
1.24▲
2024 · 0.05
ROE
-64.3%▼
2024 · -31.1%
Interest coverage
-12.68▲
2024 · -36.61
Debt ≤ 1 year
€10,840▲
2024 · €751
Income taxes
€215▲
2024 · €52
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 27-11-2025.

Balance sheet Code20242025
Assets
Total assets20/58€15,161€19,608▲
Fixed assets21/28€1,041€1,744▲
Tangible fixed assets22/27€241€944▲
Furniture and vehicles24€241€944▲
Financial fixed assets28€800€800=
Current assets29/58€14,120€17,865▲
Stocks and contracts in progress3€8,500€9,500▲
Stocks30/36€8,500€9,500▲
Amounts receivable within one year40/41€4,745€2,687▼
Trade receivables40€2,343€2,651▲
Other amounts receivable41€2,403€36▼
Cash at bank and in hand54/58€874€5,678▲
Equity and liabilities
Total equity and liabilities10/49€15,161€19,608▲
Equity10/15€14,410€8,768▼
Contributions10/11€18,600€18,600=
Reserves13€1,308€1,308=
Distributable reserves133€1,308€1,308=
Profit (loss) carried forward14-€5,498-€11,140▼
Amounts payable17/49€751€10,840▲
Amounts payable within one year42/48€751€10,840▲
Trade debts44€274€2,031▲
Suppliers440/4€274€2,031▲
Taxes, remuneration and social security45€477€1,122▲
Taxes450/3€477€1,122▲
Other amounts payable47/48-€7,688
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917€401▼
Other operating charges640/8€6,049€2,634▼
Gross operating margin9900€2,625-€2,023▼
Operating profit (loss)9901-€4,341-€5,059▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€94€367▲
Recurring financial charges65€94€367▲
Profit (loss) for the period before taxes9903-€4,432-€5,426▼
Income taxes67/77€52€215▲
Profit (loss) for the period9904-€4,485-€5,642▼
Profit (loss) for the period to be appropriated9905-€4,485-€5,642▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5,498-€11,140▼
Profit (loss) brought forward from the previous period14P-€1,014-€5,498▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2019202020212022202320242025Change
Remuneration, social security and pensions62---€92----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€131€195€871€980€917€401▼ 56.2%
Other operating charges640/8---€4,748€7,222€6,049€2,634▼ 56.4%
Gross operating margin9900€39,357€15,334€15,731€8,453€11,829€2,625-€2,023-
Operating profit (loss)9901-€8,636€9,492€13,650€2,742€3,627-€4,341-€5,059▼ 16.5%
Financial income75/76B---€7-€2--
Recurring financial income75€875€56€144€7-€2--
Financial charges65/66B---€144€268€94€367▲ 293%
Recurring financial charges65€7,964€3,305€313€144€268€94€367▲ 293%
Profit (loss) for the period before taxes9903-€15,725€6,244€13,481€2,606€3,359-€4,432-€5,426▼ 22.4%
Income taxes67/77€253-€3,082€2,086€2,246€52€215▲ 312%
Profit (loss) for the period9904-€15,977€6,244€10,399€519€1,113-€4,485-€5,642▼ 25.8%
Profit (loss) for the period to be appropriated9905-€15,977€6,244€10,399€519€1,113-€4,485-€5,642▼ 25.8%
Line2019202020212022202320242025Change
Assets
Total assets20/58€133,664€31,831€33,182€28,574€25,199€15,161€19,608▲ 29.3%
Fixed assets21/28-€454€1,059€2,938€1,958€1,041€1,744▲ 67.5%
Tangible fixed assets22/27-€454€259€2,138€1,158€241€944▲ 291%
Furniture and vehicles24---€2,138€1,158€241€944▲ 291%
Financial fixed assets28--€800€800€800€800€800=
Current assets29/58€133,664€31,377€32,123€25,636€23,242€14,120€17,865▲ 26.5%
Stocks and contracts in progress3€20,000€20,000€10,000€8,500€8,500€8,500€9,500▲ 11.8%
Stocks30/36---€8,500€8,500€8,500€9,500▲ 11.8%
Amounts receivable within one year40/41€109,140€10,671€18,719€14,496€5,056€4,745€2,687▼ 43.4%
Trade receivables40-----€2,343€2,651▲ 13.2%
Other amounts receivable41---€14,496€5,056€2,403€36▼ 98.5%
Cash at bank and in hand54/58€4,525€706€3,005€2,290€9,686€874€5,678▲ 549%
Deferred charges and accrued income490/1---€350----
Equity and liabilities
Total equity and liabilities10/49€133,664€31,831€33,182€28,574€25,199€15,161€19,608▲ 29.3%
Equity10/15-€11,781-€5,537€4,862€5,381€6,494€14,410€8,768▼ 39.2%
Contributions10/11€6,200--€6,200€6,200€18,600€18,600=
Reserves13€1,308€1,308€1,308€1,308€1,308€1,308€1,308=
Non-distributable reserves130/1---€1,308€1,308---
Reserves not available under the articles1311---€1,308€1,308---
Distributable reserves133-----€1,308€1,308=
Profit (loss) carried forward14-€19,289-€13,046-€2,646-€2,127-€1,014-€5,498-€11,140▼ 103%
Amounts payable17/49€145,446€37,368€28,320€23,194€18,705€751€10,840▲ 14×
Amounts payable within one year42/48€145,446€37,219€28,171€23,194€18,705€751€10,840▲ 14×
Trade debts44€104,627€22,392€18,708€14,398€8,371€274€2,031▲ 642%
Suppliers440/4---€14,398€8,371€274€2,031▲ 642%
Taxes, remuneration and social security45---€8,795€10,334€477€1,122▲ 135%
Taxes450/3---€8,795€10,334€477€1,122▲ 135%
Other amounts payable47/48------€7,688-
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€15,977€6,244€10,399€519€1,113-€4,485-€5,642▼ 25.8%
+ Depreciation and write-downs630-€131€195€871€980€917€401▼ 56.2%
Operating cash flow (approximation)-€15,977€6,375€10,594€1,390€2,094-€3,568-€5,240▼ 46.9%
Investment in fixed assets (approximation)---€800-€2,750€0€0-€1,104-
Change in cash--€3,819€2,299-€715€7,396-€8,812€4,804-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 27-11-2025 2025-00571621 PDF
30-06-2024 micro format 30-01-2025 2025-00024010 PDF
30-06-2023 micro format 31-01-2024 2024-00018674 PDF
30-06-2022 micro format 25-01-2023 2023-00005229 PDF
30-06-2021 micro format 27-01-2022 2022-02400444 PDF
30-06-2020 micro format 29-01-2021 2021-02900553 PDF
30-06-2019 micro format 30-01-2020 2020-03000220 PDF
30-06-2018 micro format 14-02-2019 2019-05100108 PDF
30-06-2017 micro format 28-02-2018 2018-06000183 PDF
30-06-2016 abbreviated format 27-02-2017 2017-05600501 PDF

Show all 12 filings

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