FUTURE PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of FUTURE PROJECTS is 1.7% (moderate). The 2025 annual accounts show equity of €24,911 and a net result of -€15,049. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 29% of 13,749 sector peers (NACE 46, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-02-2006 Normal situation
- Activity
- Wholesale of household textiles and bedding NACE 46412and 3 others
- Establishment unit
- 2.152.310.927 2950 Kapellen, since 17-03-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 26-06-2025
Board and ownership
- VAN NEDERVELDE JorisDirector · since 20-02-2006
- N.O. REALESTATEDirector · since 07-04-2017 · permanent representative OEI Sian Yin
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- €25,183
- ▼ 58.3%
- Turnover
- ≈ €130,000
- estimated
- Loss
- €15,049
- Equity
- €24,911
- ▼ 37.7%
- Total assets
- €190,967
- ▲ 0.7%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.83Loss of €15,049 (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskSize: total assets €190,967Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 26% of them on solvency, 23% on liquidity, 33% on profitability and 13% on growth.
The bankruptcy probability was computed on 04-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00472717.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is a loss of €8,752, after a profit of €26,093 in 2024. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €16,347 | €146,963 | - | - |
| Financial fixed assets | - | - | €40 | - | €0 |
| Depreciation and write-downs of the year | €327 | €1,472 | €23,425 | €30,611 | €29,805 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €6,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,935 | €25,156 | €1,175 | €327 | €1,472 | €23,425 | €30,611 | €29,805 | ▼ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€29,694 | - | -€4,534 | - | - | - |
| Other operating charges640/8 | - | - | - | €4,050 | €3,179 | €4,705 | €3,645 | €4,130 | ▲ 13.3% |
| Gross operating margin9900 | €81,230 | €67,101 | €35,870 | €62,980 | €86,438 | €21,570 | €60,348 | €25,183 | ▼ 58.3% |
| Operating profit (loss)9901 | €27,030 | €35,241 | -€74,232 | €88,298 | €81,786 | -€2,025 | €26,093 | -€8,752 | - |
| Financial income75/76B | - | - | - | €0 | €7 | €0 | €1 | €1 | ▼ 37.1% |
| Recurring financial income75 | €3 | €7 | €156 | €0 | €7 | €0 | €1 | €1 | ▼ 37.1% |
| Financial charges65/66B | - | - | - | €4,187 | €2,511 | €7,221 | €8,846 | €5,503 | ▼ 37.8% |
| Recurring financial charges65 | €26,016 | €25,564 | €25,421 | €4,187 | €2,511 | €7,221 | €8,846 | €5,503 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | €1,017 | €9,684 | -€99,497 | €84,111 | €79,283 | -€9,246 | €17,248 | -€14,254 | - |
| Income taxes67/77 | €4,130 | €8,690 | - | €1,832 | €20,820 | - | €4,976 | €795 | ▼ 84.0% |
| Profit (loss) for the period9904 | -€3,113 | €994 | -€99,497 | €82,280 | €58,462 | -€9,246 | €12,272 | -€15,049 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,113 | €994 | -€99,497 | €82,280 | €58,462 | -€9,246 | €12,272 | -€15,049 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €494,460 | €574,314 | €144,369 | €197,640 | €164,223 | €210,920 | €189,608 | €190,967 | ▲ 0.7% |
| Fixed assets21/28 | €413,479 | €397,323 | €1,723 | €1,397 | €16,272 | €139,850 | €109,239 | €79,434 | ▼ 27.3% |
| Tangible fixed assets22/27 | €413,479 | €397,323 | €1,723 | €1,397 | €16,272 | €139,810 | €109,199 | €79,394 | ▼ 27.3% |
| Furniture and vehicles24 | - | - | - | €147 | €1,986 | €6,314 | €4,141 | €2,773 | ▼ 33.0% |
| Leasing and similar rights25 | - | - | - | - | - | €110,747 | €84,733 | €58,720 | ▼ 30.7% |
| Other tangible fixed assets26 | - | - | - | €1,250 | €14,286 | €22,749 | €20,325 | €17,901 | ▼ 11.9% |
| Financial fixed assets28 | - | - | - | - | - | €40 | €40 | €40 | = |
| Current assets29/58 | €80,981 | €176,991 | €142,645 | €196,243 | €147,952 | €71,070 | €80,369 | €111,533 | ▲ 38.8% |
| Stocks and contracts in progress3 | €5,946 | €5,946 | €5,946 | €5,946 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €5,946 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €51,455 | €167,813 | €133,260 | €173,627 | €83,713 | €69,526 | €78,592 | €86,844 | ▲ 10.5% |
| Trade receivables40 | - | - | - | €115,844 | €30,119 | €6,530 | €20,424 | €24,336 | ▲ 19.2% |
| Other amounts receivable41 | - | - | - | €57,784 | €53,594 | €62,996 | €58,168 | €62,507 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €20,597 | - | - | €14,095 | €61,628 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €2,575 | €2,611 | €1,544 | €1,777 | €24,689 | ▲ 14× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €494,460 | €574,314 | €144,369 | €197,640 | €164,223 | €210,920 | €189,608 | €190,967 | ▲ 0.7% |
| Equity10/15 | -€10,271 | -€2,677 | -€102,174 | -€19,894 | €37,768 | €28,522 | €39,960 | €24,911 | ▼ 37.7% |
| Contributions10/11 | €12,000 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | - | €19,000 | €19,000 | €21,300 | €21,300 | = |
| Distributable reserves133 | - | - | - | - | €19,000 | €19,000 | €21,300 | €21,300 | = |
| Profit (loss) carried forward14 | -€22,271 | -€21,277 | -€120,774 | -€38,494 | €168 | -€9,078 | €60 | -€14,989 | - |
| Amounts payable17/49 | €504,731 | €576,991 | €246,543 | €217,534 | €126,455 | €182,399 | €149,648 | €166,056 | ▲ 11.0% |
| Amounts payable after more than one year17 | €461,302 | €510,415 | €53,333 | €37,333 | €21,333 | €83,412 | €55,503 | €31,668 | ▼ 42.9% |
| Financial debts170/4 | - | - | - | €37,333 | €21,333 | €83,412 | €55,503 | €31,668 | ▼ 42.9% |
| Amounts payable within one year42/48 | €43,429 | €64,649 | €193,209 | €180,201 | €105,122 | €98,986 | €94,071 | €134,244 | ▲ 42.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,000 | €16,000 | €35,465 | €25,882 | €21,694 | ▼ 16.2% |
| Financial debts43 | - | - | - | €656 | €1,954 | €2,852 | €11,919 | €11,983 | ▲ 0.5% |
| Credit institutions430/8 | - | - | - | €656 | €1,954 | €2,852 | €11,919 | €11,983 | ▲ 0.5% |
| Trade debts44 | €9,767 | €12,785 | €37,870 | €34,069 | €33,733 | €18,937 | €4,157 | €9,881 | ▲ 138% |
| Suppliers440/4 | - | - | - | €34,069 | €33,733 | €18,937 | €4,157 | €9,881 | ▲ 138% |
| Taxes, remuneration and social security45 | - | - | - | €18,414 | €19,289 | €20,295 | €10,622 | €14,575 | ▲ 37.2% |
| Taxes450/3 | - | - | - | €18,414 | €19,289 | €20,295 | €10,622 | €14,575 | ▲ 37.2% |
| Other amounts payable47/48 | - | - | - | €111,062 | €34,146 | €21,437 | €41,491 | €76,111 | ▲ 83.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €74 | €144 | ▲ 94.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,113 | €994 | -€99,497 | €82,280 | €58,462 | -€9,246 | €12,272 | -€15,049 | - |
| + Depreciation and write-downs630 | €25,935 | €25,156 | €1,175 | €327 | €1,472 | €23,425 | €30,611 | €29,805 | ▼ 2.6% |
| Operating cash flow (approximation) | €22,822 | €26,150 | -€98,322 | €82,606 | €59,935 | €14,178 | €42,882 | €14,756 | ▼ 65.6% |
| Investment in fixed assets (approximation) | - | -€9,000 | €394,425 | €0 | -€16,347 | -€147,003 | €0 | €0 | - |
| Change in cash | - | - | - | - | €47,533 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as FUTURE PROJECTS has now. Two years later, 93.2% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FUTURE PROJECTS itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,450 companies, not a prediction for FUTURE PROJECTS. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00472717 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00250098 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00406771 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00367812 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20320427 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69900523 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66700235 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49600321 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52700033 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-57400399 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Capital transactions
- 08-01-2024 Converted to unavailable equity · €18,600
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| N.O. REALESTATE |
|
| VAN NEDERVELDE Joris |
|
| OEI,Sian Yin |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 08-01-2024 (in Dutch)
Network & group
FUTURE PROJECTS shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of FUTURE PROJECTS. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
08-01
Gazette deed
2 directors appointed, 3 managers resigningChanges of role: VAN NEDERVELDE Joris (director) and N.O. REALESTATE (director) · Resignation: OEI Sian Yin (manager) · Permanent representative: OEI Sian Yin10 points ▸
- General meeting, 14-12-2023
- Purpose change, “Uitvoeren van studies en verlenen van advies i.v.m. stedenbouwkundige planning en landschapsarchitectuur; Landschapsverzorging, snoeien van bomen en heggen en…” (deed in Dutch)
- 186 shares
- Director resignation, VAN NEDERVELDE Joris (manager)
- Director resignation, OEI Sian Yin (manager)
- Director resignation, N.O. REALESTATE (manager)
- Director appointment, VAN NEDERVELDE Joris (director (not named in the articles))
- Director appointment, N.O. REALESTATE (director (not named in the articles))
- Permanent representative, OEI Sian Yin
- Registered office clause, Vijverslei 11, 2950 Kapellen
- The deed holds 6 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
10 activities
- Uitvoeren van studies en verlenen van advies i.v.m. stedenbouwkundige planning en landschapsarchitectuur;
- Landschapsverzorging, snoeien van bomen en heggen en aanleggen en onderhouden van tuinen, parken en het groene gedeelte van sportvelden;
- Verhuur en lease van machines, apparatuur en handgereedschap voor doe-het-zelvers;
- Verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie;
- Organisatie van congressen en beurzen;
- Promotie en organisatie van uitvoerende kunstevenementen (Mogelijk burgerlijke activiteit);
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enz.;
- Diensten in verband met de luchtvaart;
- Beroepsorganisaties (Mogelijk burgerlijke activiteit);
- Overige zakelijke dienstverlening;
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11023I0180/00G040 | Flanders | 3,771 m² | 1 · 252 m² | 24.5 m · 2 |