Equity
€758,568 ▲ 5.8%
FROJECTS has made a profit without a break since 2019.
FROJECTS
Lifetime
17 annual accounts with figures on one time axispeak €1.2m (2025)
€1.2m▲ 16.6%
lowest -€15,554 (2008)
€41,592▼ 20.0%
peak €758,568 (2025)
€758,568▲ 5.8%
€764,035▲ 231%
peak 35.3 FTE (2019)
-not published
Board2 names since 2007
1 directorFrank Verdrengh
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €1.0m to €1.2mDebts from €231,118 to €764,035Investments €143,288Cash from €143,009 to €13,171
Key points
from the 2025 annual accountsTurnover
≈ €2.1m estimated
The accounts state no turnover.
Investments
€113,755 2.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.87 was 3.98 in 2024
Short-term debts rose from €200,682 to €746,925.
Filings
17 annual accounts since 2008
Nine of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
€758,568
More equity than 92% of companies in food and beverage service. Sector median €78,347 · 4,847 companies.
Checked score
86
Excellent
Financially stronger than 48% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -1.0 percentage point vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%▼ -0.2 percentage points vs 08-2026
10-2026: 0.3%▼ -0.3 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Liquidity: current ratio 1.87, cash €13,171, halved
lowers risk
Size: total assets €1.6m
Founded in 2007
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 56, micro). It does better than 65% of them on solvency, 23% on liquidity, 53% on profitability and 51% on growth.
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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 544 companies had the same profile as FROJECTS has now. Each dot stands for 2 companies, two years later.
93.6%
were still trading
5.9%
stopped another way
0.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FROJECTS itself: 0.3% 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 544 companies, not a prediction for FROJECTS. 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 €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.87 (3.98 in 2024), above the usual 1.5. Short-term debt is 46.6% and cash 0.8% of total assets. However, 52.7% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
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. 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 · 10 filingsDeviation from the deadline
2025
28 days late
2024
27 days early
2023
28 days late
2022
30 days late
2021
31 days late
2020
62 days late
2019
91 days late
← 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 35 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894019504
Amendment of the articles · Legal-form change
Gazette deed
Registered office moved from Beauvechain to Bierbeek
New registered office: Dorpsstraat 14, 3360 Bierbeek · Previous registered office: Rue de la Source 4, 1320 Beauvechain (Tourinnes-la-Grosse) · Reappointments: Frank Verdrengh (director) and Haddy Sarr (director) · General meeting of 30-08-2024 · Gazette deed
Registered office moved from Bierbeek to Beauvechain
New registered office: rue de la Source 4, 1320 Beauvechain (Tourinnes-la-Grosse) · Previous registered office: Dorpsstraat 14 te 3360 Bierbeek · General meeting of 09-08-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FROJECTS Bierbeek | €1.6m | €1.2m | 47.3% | - |
| HALF VIER Ghent | €1.3m | €1.0m | 61.5% | 16.6 |
| CROSS ROAST Antwerp | €1.6m | €0.8m | 20.9% | 7.6 |
| FERMAS Kortrijk | €1.4m | €1.0m | 21.1% | 17.8 |
| VAN VLASSELAER - BRIGNOLA Malle | €1.3m | €0.8m | 43.1% | 7 |
| IL FORNO Zandhoven | €1.1m | €1.3m | 47.8% | 20.2 |
| Le Bonheur est au bord de l'Eau Esneux | €1.8m | €1.8m | 46.6% | 29.4 |
These companies have the same main activity as FROJECTS: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €1.1m and €1.8m, founded between 2002 and 2010.
Official details
Source: KBO- Status
- Active since 27-11-2007Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.173.389.4233360 Bierbeek, since 27-11-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €1.6m▲ 69.2%
- Employeeson 31-12-2025
- 8▼ 11.1%
- Filing
- Filed on 28-08-2026
Insights on FROJECTS
FROJECTS files the abbreviated format. That format states no turnover. The gross margin rose from €26,000 in 2008 to €1.2m in 2025.
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 FROJECTS
- What is the company number of FROJECTS?
- The company number of FROJECTS is 0894.019.504. The VAT number is the same number with BE in front: BE 0894.019.504.
- Where is FROJECTS based?
- The registered office is at Dorpsstraat 14, 3360 Bierbeek.Company details
- What does FROJECTS do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of FROJECTS?
- FROJECTS is a private limited company (BV).
- When was FROJECTS founded?
- FROJECTS was founded on 27-11-2007.
- Is FROJECTS still active?
- Yes, FROJECTS is an active enterprise in the KBO register.
- How many employees does FROJECTS have?
- FROJECTS had an average of 60.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of FROJECTS?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,585 comparable companies of the same size. It probably lies between €1.4m and €3.4m. It is a rough estimate.
- Is FROJECTS profitable?
- In financial year 2025, FROJECTS made a profit of €41,592.
- Where can I find the annual accounts of FROJECTS?
- FROJECTS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FROJECTS due?
- FROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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