Equity
€758,568 ▲ 5.8%
FROJECTS has made a profit without a break since 2019.
FROJECTS
Overview
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.
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
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
- €1.2m▲ 16.6%
- €41,592▼ 20.0%
- €758,568▲ 5.8%
- €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.
Financials
Annual accounts 2025
abbreviated format, filed on 28-08-2026, 28 days late€1.2m
▲ 16.6%
€69,875
▼ 48.0%
€127,610
▼ 30.2%
€99,328
▼ 1.2%
47.3%
▼ 28.3 percentage points
1.87
▼ 2.11
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.1m. Estimated: probably between €1.4m and €3.4m.
Money flows
no detail for 2025Balance sheet
balance sheet total €1.6m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
47.3%
Higher than 67% of 4,845 companies in 2025.
1.87
Higher than 73% of 4,743 companies in 2025.
2.6%
Higher than 45% of 4,767 companies in 2025.
FROJECTS
Middle half of the sector
80% of the sector
Abbreviated accounts in food and beverage service (NACE 56)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
€16,563
Staff costs divided by the average number of full-time equivalents.
contracts started
contracts ended
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
1.6m | 948,093 | 898,368 | 869,404 | 864,568 | 561,099 | 567,993 | 518,798 | 527,337 | 511,609 | 274,040 | 243,391 | 195,300 | 163,765 | 117,095 | 126,648 | 106,091 | |
20 |
58,000 | 87,000 | 116,000 | - | - | - | - | - | - | - | - | - | - | 100 | 200 | 300 | 400 | |
21/28 |
147,396 | 61,843 | 71,157 | 83,582 | 95,177 | 116,755 | 168,493 | 214,432 | 260,589 | 292,004 | 165,014 | 114,180 | 95,230 | 97,556 | 83,461 | 99,000 | 93,749 | |
21 |
- | - | - | - | - | - | - | - | - | 10,000 | 20,000 | 30,000 | 50,000 | 60,000 | 70,000 | 80,000 | 90,000 | |
22/27 |
127,396 | 61,343 | 70,657 | 83,082 | 94,677 | 116,255 | 167,993 | 213,932 | 260,089 | 281,504 | 144,514 | 83,680 | 44,730 | 36,956 | 12,761 | 18,200 | 2,849 | |
23 |
25,539 | 29,535 | 33,347 | 33,248 | 24,658 | 27,607 | 38,790 | 40,320 | 59,999 | 66,753 | 56,876 | 18,558 | 23,133 | 13,900 | 1,666 | 2,581 | 1,920 | |
24 |
92,708 | 17,141 | 17,126 | 21,776 | 14,005 | 2,165 | 8,493 | 15,770 | 21,840 | 29,899 | 7,310 | 9,826 | 12,299 | 15,311 | 275 | 1,725 | - | |
26 |
9,149 | 14,667 | 20,184 | 28,058 | 56,014 | 86,483 | 120,710 | 157,843 | 178,250 | 184,853 | 80,328 | 55,296 | 9,298 | 7,745 | 10,820 | 13,895 | 929 | |
28 |
20,000 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | |
29/58 |
1.4m | 799,250 | 711,211 | 785,822 | 769,391 | 444,344 | 399,500 | 304,365 | 266,748 | 219,605 | 109,026 | 129,211 | 100,070 | 66,209 | 33,634 | 27,648 | 12,342 | |
3 |
10,020 | 10,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 10,020 | 15,020 | 6,520 | 15,578 | 13,278 | 3,278 | 3,700 | 6,200 | |
30/36 |
10,020 | 10,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 5,020 | 10,020 | 15,020 | 6,520 | 15,578 | 13,278 | 3,278 | 3,700 | 6,200 | |
40/41 |
1.4m | 646,221 | 623,475 | 615,173 | 562,313 | 437,544 | 368,775 | 281,355 | 222,179 | 15,518 | 11,155 | 5,735 | 5,651 | 4,245 | 2,878 | 2,436 | 1,214 | |
40 |
8,351 | - | 10,468 | 360 | 64 | - | 3,185 | 3,072 | 7,856 | 4,896 | 7,316 | 1,889 | 1,028 | 630 | 375 | 342 | - | |
41 |
1.4m | 646,221 | 613,006 | 614,813 | 562,249 | 437,544 | 365,590 | 278,283 | 214,323 | 10,622 | 3,839 | 3,845 | 4,623 | 3,615 | 2,503 | 2,094 | 1,214 | |
54/58 |
13,171 | 143,009 | 82,716 | 165,629 | 202,058 | 1,780 | 25,705 | 17,990 | 39,225 | 76,015 | 82,851 | 116,957 | 78,840 | 45,388 | 27,478 | 21,513 | 4,215 | |
490/1 |
- | - | - | - | - | - | - | - | 324 | 118,053 | - | - | - | 3,297 | - | - | 712 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
1.6m | 948,093 | 898,368 | 869,404 | 864,568 | 561,099 | 567,993 | 518,798 | 527,337 | 511,609 | 274,040 | 243,391 | 195,300 | 163,765 | 117,095 | 126,648 | 106,091 | |
10/15 |
758,568 | 716,975 | 664,975 | 604,975 | 534,975 | 334,975 | 274,975 | 222,527 | 229,975 | 184,975 | 114,895 | 81,831 | 58,010 | 42,871 | 23,668 | 21,867 | -3,154 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | |
13 |
739,968 | 698,375 | 646,375 | 586,375 | 516,375 | 316,375 | 256,375 | 211,375 | 211,375 | 166,375 | 96,295 | 63,231 | 39,410 | 24,271 | 5,068 | 3,267 | - | |
130/1 |
0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 930 | - | |
1311 |
0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
739,968 | 696,515 | 644,515 | 584,515 | 514,515 | 314,515 | 254,515 | 209,515 | 209,515 | 164,515 | 94,435 | 61,371 | 37,550 | 22,411 | 3,208 | 2,337 | - | |
14 |
- | - | - | - | - | - | - | -7,448 | - | - | - | - | - | - | - | - | -15,554 | |
16 |
81,782 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
81,782 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
81,782 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
764,035 | 231,118 | 233,393 | 264,429 | 329,593 | 226,123 | 293,018 | 296,271 | 297,362 | 326,634 | 159,145 | 161,560 | 137,290 | 120,893 | 93,427 | 104,781 | 109,245 | |
17 |
17,109 | 30,436 | 42,804 | 57,223 | 76,426 | 85,963 | 117,115 | 141,198 | 165,361 | 189,300 | 45,097 | 52,548 | 78,226 | 78,226 | 79,215 | 70,955 | 80,375 | |
170/4 |
17,109 | 30,436 | 42,804 | 57,223 | 76,426 | 85,963 | 117,115 | 141,198 | 165,361 | 189,300 | 45,097 | 52,548 | 78,226 | 78,226 | 79,215 | 70,955 | 80,375 | |
42/48 |
746,925 | 200,682 | 190,589 | 207,207 | 253,167 | 140,161 | 175,902 | 155,073 | 132,001 | 137,334 | 114,048 | 109,012 | 59,064 | 42,667 | 14,212 | 33,826 | 28,870 | |
42 |
18,051 | - | - | - | - | 12,161 | - | - | - | - | - | - | - | 16,086 | - | 9,420 | 9,420 | |
44 |
0 | 111,929 | 107,329 | 110,693 | 112,966 | 94,259 | 97,289 | 80,852 | 69,437 | 59,532 | 68,584 | 57,318 | 18,454 | 7,530 | 4,570 | 9,804 | 11,848 | |
440/4 |
0 | 108,986 | 107,329 | 110,693 | 112,966 | 94,259 | 97,289 | 80,852 | 69,437 | 59,532 | 68,584 | 57,318 | 18,454 | 7,530 | 4,570 | 9,804 | 11,848 | |
441 |
- | 2,943 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
85,605 | 88,753 | 83,260 | 96,514 | 140,201 | 33,741 | 78,614 | 74,221 | 62,564 | 77,802 | 34,505 | 38,775 | 27,890 | 18,462 | 9,443 | 11,428 | 7,602 | |
450/3 |
39,250 | 50,734 | 52,453 | 91,024 | 119,030 | 33,081 | 45,828 | 31,713 | 58,088 | 47,192 | 14,011 | 4,370 | 6,844 | 6,423 | 6,852 | 6,819 | 2,051 | |
454/9 |
46,355 | 38,019 | 30,807 | 5,490 | 21,171 | 660 | 32,785 | 42,507 | 4,476 | 30,611 | 20,494 | 34,406 | 21,046 | 12,039 | 2,591 | 4,610 | 5,551 | |
47/48 |
643,270 | - | - | - | - | - | - | - | - | - | 10,958 | 12,919 | 12,720 | 590 | 200 | 3,174 | - | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 1.1m | 960,079 | 713,263 | 430,638 | 279,206 | 320,672 | 261,847 | |
9900 |
1.2m | 1.0m | 975,783 | 834,160 | 686,632 | 497,702 | 748,362 | 687,593 | 564,355 | 531,899 | 424,164 | 362,607 | 247,534 | 140,130 | 70,758 | 102,093 | 26,000 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 639,708 | 612,019 | 471,380 | 293,079 | 213,385 | 218,579 | 235,846 | |
62 |
997,079 | 853,016 | 808,255 | 685,644 | 373,791 | 343,090 | 586,919 | 507,821 | 355,472 | 337,191 | 319,249 | 303,471 | 199,112 | 89,782 | 40,422 | 62,917 | 28,774 | |
630 |
57,736 | 48,504 | 50,306 | 40,037 | 40,304 | 54,447 | 75,317 | 74,803 | 83,285 | 77,194 | 50,528 | 30,154 | 23,128 | 21,009 | 15,952 | 15,807 | 10,926 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 343 | - | 1,500 | - | - | |
635/8 |
81,782 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
4,881 | 3,371 | - | 2,956 | 2,886 | 2,864 | 2,639 | 2,586 | 993 | 974 | 968 | 20,500 | 1,382 | 1,280 | 1,225 | 1,225 | 1,750 | |
9901 |
69,875 | 134,449 | 117,223 | 105,523 | 269,650 | 97,300 | 83,487 | 102,384 | 124,605 | 116,540 | 53,419 | 8,482 | 23,568 | 28,058 | 11,658 | 22,144 | -15,450 | |
75/76B |
64 | 44 | 60 | 144 | 280 | - | 6 | 1,697 | 6 | 0 | - | 1 | 33 | 22 | 46 | - | 2 | |
75 |
64 | 44 | 60 | 144 | 280 | - | 6 | 1,697 | 6 | 0 | - | 1 | 33 | 22 | 46 | - | 2 | |
65/66B |
11,781 | 61,313 | 35,042 | 9,439 | 9,069 | 10,808 | 8,066 | 111,529 | 58,885 | 7,460 | 2,992 | 3,036 | 3,467 | 3,190 | 8,403 | 1,122 | 106 | |
65 |
11,781 | 61,313 | 35,042 | 9,439 | 9,069 | 10,808 | 8,066 | 111,529 | 58,885 | 7,460 | 2,992 | 3,036 | 3,467 | 3,190 | 8,403 | 1,122 | 106 | |
9903 |
58,158 | 73,180 | 82,241 | 96,228 | 260,862 | 86,492 | 75,427 | -7,448 | 65,726 | 109,080 | 50,427 | 5,448 | 20,135 | 24,891 | 3,301 | 21,021 | -15,554 | |
67/77 |
16,565 | 21,180 | 22,241 | 26,228 | 60,862 | 26,492 | 22,978 | - | 20,726 | 39,000 | 17,363 | 1,500 | 4,996 | 11,573 | 1,500 | 2,200 | - | |
9904 |
41,592 | 52,000 | 60,000 | 70,000 | 200,000 | 60,000 | 52,448 | -7,448 | 45,000 | 70,080 | 33,064 | 3,948 | 15,138 | 13,317 | 1,800 | 18,821 | -15,554 | |
9905 |
41,592 | 52,000 | 60,000 | 70,000 | 200,000 | 60,000 | 52,448 | -7,448 | 45,000 | 70,080 | 33,064 | 3,948 | 15,138 | 13,317 | 1,800 | 18,821 | -15,554 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
41,592 | 52,000 | 60,000 | 70,000 | 200,000 | 60,000 | 45,000 | -7,448 | 45,000 | 70,080 | 33,064 | 3,948 | 15,138 | 13,317 | 1,800 | 3,267 | -15,554 | |
691/2 |
41,592 | 52,000 | 60,000 | 70,000 | 200,000 | 60,000 | 45,000 | - | 45,000 | 70,080 | 33,064 | 3,948 | 15,138 | 13,317 | 1,800 | 3,267 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 930 | 930 | - | |
6921 |
41,592 | 52,000 | 60,000 | 70,000 | 200,000 | 60,000 | 45,000 | - | 45,000 | 70,080 | 33,064 | 3,948 | 15,138 | 13,317 | 870 | 2,337 | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
60.2 | 54.4 | 50 | 49.9 | 27.9 | 26.7 | 35.3 | 10.1 | 5.8 | 6 | 6.6 | 7.1 | 5 | 2.3 | 1.3 | 2.1 | 0.7 | |
Hours worked1013 |
34,429 | 311,749 | 3,162,966 | 30,133 | 17,917 | 15,962 | 26,073 | 22,498 | 17,448 | 14,939 | 15,479 | 14,336 | 9,422 | 4,601 | 2,310 | 3,729 | 1,455 | |
| Document | ||||||||||||||||||
The notes to these accounts have 14 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 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00457039.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00457039 | |
| 31-12-2024 | abbreviated format | 04-07-2025 | 2025-00229444 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00403716 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00403972 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20416640 | |
| 31-12-2020 | full format | 01-10-2021 | 2021-70900401 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-66700318 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-56300368 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-51200500 | |
| 31-12-2016 | abbreviated format | 16-08-2017 | 2017-43900350 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-52600265 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57500004 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-56400154 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-54000135 | |
| 31-12-2010 | abbreviated format | 29-08-2011 | 2011-48300152 | |
| 31-12-2009 | abbreviated format | 14-07-2010 | 2010-30400561 | |
| 31-12-2008 | abbreviated format | 06-05-2009 | 2009-13700172 |
Subsidies and aid
Flemish government 2025, 1 entry, €238 awarded, €238 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 127,610 | 182,953 | 167,529 | 145,560 | 309,955 | 151,747 | 158,804 | 177,187 | 207,890 | 193,734 | 103,947 | 38,636 | 46,697 | 49,067 | 27,610 | 37,951 | -4,524 | ||
| 99,328 | 100,504 | 110,306 | 110,037 | 240,304 | 114,447 | 127,765 | 67,354 | 128,285 | 147,274 | 83,592 | 34,102 | 38,267 | 34,327 | 17,753 | 34,629 | -4,628 | ||
| 133,755 | 10,190 | 8,881 | 28,443 | 18,703 | 2,709 | 29,378 | 28,646 | 51,869 | 204,184 | 101,362 | 39,128 | 21,146 | 35,104 | 413 | 21,058 | 104,176 | ||
| -129,837 | 60,293 | -82,913 | -36,429 | 200,278 | -23,925 | 7,715 | -21,235 | -36,789 | -6,836 | -34,105 | - | 33,452 | 17,911 | 5,965 | 17,297 | - | ||
| 652,063 | 598,568 | 520,622 | 578,615 | 516,224 | 304,183 | 223,597 | 149,293 | 134,748 | 82,271 | -5,022 | 20,199 | 41,006 | 23,541 | 19,422 | -6,178 | -16,528 | ||
| - | - | - | - | - | - | - | - | - | - | 5.1% | 0.9% | 3.3% | 6.5% | 4.2% | 6.9% | -5.9% | ||
| 47.3% | 75.6% | 74.0% | 69.6% | 61.9% | 59.7% | 48.4% | 42.9% | 43.6% | 36.2% | 41.9% | 33.6% | 29.7% | 26.2% | 20.2% | 17.3% | -3.0% | ||
| 1.87 | 3.98 | 3.73 | 3.79 | 3.04 | 3.17 | 2.27 | 1.96 | 2.02 | 1.60 | 0.96 | 1.19 | 1.69 | 1.55 | 2.37 | 0.82 | 0.43 | ||
| 1.86 | 3.93 | 3.71 | 3.77 | 3.02 | 3.13 | 2.24 | 1.93 | 1.98 | 1.53 | 0.82 | 1.13 | 1.43 | 1.24 | 2.14 | 0.71 | 0.21 | ||
| 1.01 | 0.32 | 0.35 | 0.44 | 0.62 | 0.68 | 1.07 | 1.33 | 1.29 | 1.77 | 1.39 | 1.97 | 2.37 | 2.82 | 3.95 | 4.79 | - | ||
| 5.5% | 7.3% | 9.0% | 11.6% | 37.4% | 17.9% | 19.1% | -3.3% | 19.6% | 37.9% | 28.8% | 4.8% | 26.1% | 31.1% | 7.6% | 86.1% | - | ||
| 2.6% | 5.5% | 6.7% | 8.1% | 23.1% | 10.7% | 9.2% | -1.4% | 8.5% | 13.7% | 12.1% | 1.6% | 7.8% | 8.1% | 1.5% | 14.9% | -14.7% | ||
| 10.83 | 2.98 | 4.78 | 15.42 | 34.18 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 3 days | 1 day | 1 day | 1 day | 0 days | 0 days | 2 days | ||
| - | - | - | - | - | - | - | - | - | - | 39 days | 34 days | 14 days | 9 days | 8 days | 16 days | 18 days |
EBIT margin: not included in this filing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 9 | 11 | 8 | 5 |
| full-time | 8 | 9 | 11 | 8 | 5 |
| part-time | 0 | - | - | - | - |
| in full-time equivalents | 8 | 9 | 11 | 8 | 5 |
| 60.2 | 54.4 | 50 | 49.9 | 27.9 | |
| On a permanent contract | 8 | 9 | 11 | 8 | 5 |
| Joined | - | - | 94 | 95 | 60 |
| Left | - | - | 91 | 92 | 59 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €113,755 | €10,190 | €8,881 | €28,443 | €18,703 |
| Financial fixed assets | €20,000 | - | - | - | - |
| €57,736 | €48,504 | €50,306 | €40,037 | €40,304 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on FROJECTS
The operating result for 2025 is 48% lower than in 2024 and the lowest since 2015.
Debt's share of the balance-sheet total rises from 24.4% to 47.6%. Equity and debt are higher.
Board & ownership
Board
1 directorDirector (not named in the articles)
in office according to the deed of 15-10-2024
listed in the 2025 annual accounts, filed on 28-08-2026
Mandates through the years
2 names, the dashed line is todayFrank Verdrengh
Director (not named in the articles)
Director (not named in the articles)
Haddy Sarr
Director (not named in the articles)
Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
- Frank Verdrengh
- Director (not named in the articles), from 07-12-2007 to date
- Haddy Sarr
- Director (not named in the articles), from 16-08-2012, no longer listed in the 2025 annual accounts
Control
Capital
- Contribution
- €18,600
- Shares
- 100
- Contribution per share
- €186
- Equity per share
- €7,586 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 25-10-2024 (in Dutch)- 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.
- “Één of meer bestuurders, algemene vergadering beslist of mandaat bezoldigd is”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 28 June at 15:00
Capital transactions
Capital over time
- 25-10-2024 Capital stated in the deed · 100 shares
- 15-10-2024 Converted to unavailable equity
Network & group
No group
FROJECTS has no parent and no holdings in its annual accounts. Frank Verdrengh is the only director. FROJECTS shares no director with another company.
The LEI register names no parent.
At the same address
Dorpsstraat 14, 3360 Bierbeek · 2 other companies| L'ARBRE DE JEZU
registered office since 09-08-2018 · founded in 2012 · negative equity (2025) |
total assets €101,222 (2025) 0847.798.905 |
| EURO-ONTMOETINGEN
registered office since 15-04-1986 |
founded in 1986 0432.225.763 |
Timeline
Timeline
31 events since 2007Board
Capital
Filings
Financial
Establishments
Address
2008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 28 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0894019504
2025
Annual accounts 2024 filed PDFabbreviated format · 27 days before the deadline
2024
Amendment of the articles · Legal-form change1 point ▸
- 100 shares
- The deed holds 1 more point.
Registered office moved from Beauvechain to BierbeekNew 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 30-08-20244 points ▸
- General meeting, 30-08-2024
- Director reappointment, Frank Verdrengh (director (not named in the articles))
- Director reappointment, Haddy Sarr (director (not named in the articles))
- Registered-office move, Dorpsstraat 14, 3360 Bierbeek
- The deed holds 3 more points.
Annual accounts 2023 filed PDFfull format · 28 days late
2023
Annual accounts 2022 filed PDFfull format · 30 days late
2022
Annual accounts 2021 filed PDFfull format · 31 days late
2021
Highest result from 2008 to 2025 net €200,000 ▲233% The operating result of €269,650 and the net result of €200,000 are both a record.
Equity above €500,000 equity €534,975 ▲59.7% After 3 profitable years in a row, equity reaches €534,975.
Annual accounts 2020 filed PDFfull format · 62 days late
2020
Annual accounts 2019 filed PDFfull format · 91 days late
2019
Back to profit net €52,448 The net result is €52,448, after one loss-making year.
Annual accounts 2018 filed PDFfull format · 29 days late
2018
Registered office moved from Bierbeek to BeauvechainNew registered office: rue de la Source 4, 1320 Beauvechain (Tourinnes-la-Grosse) · Previous registered office: Dorpsstraat 14 te 3360 Bierbeek · General meeting of 09-08-20182 points ▸
- General meeting, 09-08-2018
- Registered-office move, rue de la Source 4, 1320 Beauvechain (Tourinnes-la-Grosse)
- The deed holds 3 more points.
Annual accounts 2017 filed PDFabbreviated format · 27 days late
2017
Equity above €200,000 equity €229,975 ▲24.3% After 8 profitable years in a row, equity reaches €229,975.
Annual accounts 2016 filed PDFabbreviated format · 16 days late
2016
Equity above €150,000 equity €184,975 ▲61% After 7 profitable years in a row, equity reaches €184,975.
Annual accounts 2015 filed PDFabbreviated format · 30 days late
2015
Equity above €100,000 equity €114,895 ▲40.4% After 6 profitable years in a row, equity reaches €114,895.
Annual accounts 2014 filed PDFabbreviated format · 31 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 30 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 31 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 29 days late
2010
Liquidity more than doubled current ratio 2.37 The current ratio rises from 0.82 to 2.37. Short-term debt falls from €33,826 to €14,212.
Annual accounts 2009 filed PDFabbreviated format · 17 days before the deadline
2009
Back to profit net €18,821 The net result is €18,821, after one loss-making year.
Annual accounts 2008 filed PDFabbreviated format · 86 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0894.019.504
- VAT number
- BE 0894.019.504
- Peppol ID
- 0208:0894019504
- LEI code
- 549300F0OU5CTH2LSE10 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-11-2007
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 28 June at 15:00deed of 25-10-2024 (in Dutch)
- Peppol
- Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FROJECTS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 25-10-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 25-10-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
56301
Cafés and bars main activity
Social security (RSZ) activities
56301
Cafés and bars main activity
Codes under NACEBEL 2008
VAT activities
56301
Cafés and bars main activity
Social security (RSZ) activities
56301
Cafés and bars main activity
Codes under NACEBEL 2003
55401
main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verwerven, het oprichten en het uitbaten van restaurants, cafés, herbergen, brasseries, het verschaffen van dranken en het uitvoeren van…”deed of 25-10-2024 (in Dutch)
8 activities
- Het verwerven, het oprichten en het uitbaten van restaurants, cafés, herbergen, brasseries, het verschaffen van dranken en het uitvoeren van werkzaamheden die verband houden met "kleine restauratie"
- Cateringservice
- Het houden van culturele en sociale activiteiten, onder meer optredens, dansavonden evenals het organiseren van banketten en recepties
- Het importeren en exporteren van auto's en andere voertuigen, evenals andere producten en goederen in het algemeen
- Beheren van een antiekwinkel
- Het aanleggen, het uitbouwen en het beheren van een onroerend vermogen, alle verrichtingen, al dan niet onderworpen aan BTW, met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals alle onder meer het aankopen en verkopen, de oprichting, het renoveren, het interieurontwerp en- inrichting, huren of verhuren, ruilen, verkavelen en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks in verband staan met het beheer of de exploitatie van onroerende goederen of onroerende zakelijke rechten
- Het aanleggen, het uitbouwen en het beheren van een roerend vermogen; alle verrichtingen in verband met roerende goederen en roerende rechten, van welke aard dan ook, zoals onder meer het verkopen en aankopen, het huren en verhuren, ruilen, in het bijzonder het beheer en de waardering van alle verhandelbare activa, aandelen, obligaties, overheidsfondsen
- Het lenen en verstrekken van leningen, kredieten, financieringen en het onderhandelen over leasecontracten voor de hierboven beschreven doeleinden
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| IN DE MOLEN registered office Dorpsstraat 14, 3360 Bierbeek | 27-11-2007 | 2.173.389.423 | Restaurant |
1 former office
- Dorpsstraat 14, 3360 Bierbeek until the deed of 02-10-2018
Buildings and parcels at the address
- Ground area
- 1,022 m²
- Buildings
- 493 m²
- Volume, LiDAR
- 3,302 m³
- Tallest building
- 11.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24011D0203/00G000 | 1,022 m² | 1 · 493 m² | 11.3 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Recognitions
Food safety, FASFC
1 siteBierbeekunit number 2.173.389.423
Contact
E-mail
info@indemolen.com establishment in Bierbeek
Phone
+32 477 24 30 92 establishment in Bierbeek