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Godzilla Projects

Active
Private limited companyfounded 200916 yrs activeLily Boeykensstraat 5, 9000 Gent, BelgiumKBO/BCE: BE 0821.398.077
Summary

Godzilla Projects has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,268 and a net result of €7,892. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 4266 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · fiscal year 2025, micro schema

Equity
€90,268▲ 9.6%
2024 · €82,375
Total assets
€101,488▲ 2.4%
2024 · €99,075
Net result
€7,892▼ 43.5%
2024 · €13,974
Working capital
€75,207▲ 19.0%
2024 · €63,200
Trend over the years

2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years

The operating result falls in 2025; 2025 is 35% below 2024.

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

Operating result€12,181 2025 Net result€7,892 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€776-€7,469-€8,966€9,413€9,552▲ 1.5%€14,690▲ 53.8%€18,795▲ 27.9%€12,181▼ 35.2%
Net result-€3,947-€3,902-€9,507below the sector's middle half€7,362within the sector's middle half€8,431within the sector's middle half▲ 14.5%€14,019within the sector's middle half▲ 66.3%€13,974within the sector's middle half▼ 0.3%€7,892within the sector's middle half▼ 43.5%
Equity€55,195-€59,098▲ 7.1%€49,591within the sector's middle half▼ 16.1%€56,952within the sector's middle half▲ 14.8%€54,383within the sector's middle half▼ 4.5%€68,402within the sector's middle half▲ 25.8%€82,375within the sector's middle half▲ 20.4%€90,268within the sector's middle half▲ 9.6%
Total assets€65,978-€62,129▼ 5.8%€62,396within the sector's middle half▲ 0.4%€65,930within the sector's middle half▲ 5.7%€72,065within the sector's middle half▲ 9.3%€76,470within the sector's middle half▲ 6.1%€99,075within the sector's middle half▲ 29.6%€101,488within the sector's middle half▲ 2.4%
Debt€10,783-€3,031▼ 71.9%€12,805▲ 322%€8,978▼ 29.9%€17,682▲ 96.9%€8,068▼ 54.4%€16,699▲ 107%€11,220▼ 32.8%
Working capital€50,289-€54,243▲ 7.9%€45,545within the sector's middle half▼ 16.0%€53,505within the sector's middle half▲ 17.5%€51,131within the sector's middle half▼ 4.4%€65,610within the sector's middle half▲ 28.3%€63,200within the sector's middle half▼ 3.7%€75,207within the sector's middle half▲ 19.0%
Solvency83.7%-95.1%▲ 11.5pp79.5%above the sector's middle half▼ 15.6pp86.4%above the sector's middle half▲ 6.9pp75.5%above the sector's middle half▼ 10.9pp89.4%above the sector's middle half▲ 14.0pp83.1%above the sector's middle half▼ 6.3pp88.9%above the sector's middle half▲ 5.8pp
Current ratio5.66-18.90▲ 13.234.56above the sector's middle half▼ 14.346.96above the sector's middle half▲ 2.403.89above the sector's middle half▼ 3.079.13above the sector's middle half▲ 5.244.78above the sector's middle half▼ 4.357.70above the sector's middle half▲ 2.92
Return on assets (ROA)-6.0%-6.3%▲ 12.3pp-15.2%below the sector's middle half▼ 21.5pp11.2%within the sector's middle half▲ 26.4pp11.7%within the sector's middle half▲ 0.5pp18.3%within the sector's middle half▲ 6.6pp14.1%within the sector's middle half▼ 4.2pp7.8%within the sector's middle half▼ 6.3pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,488
Fixed assets €15,061 ▼ 21.5%
Current assets €86,427 ▲ 8.2%
Equity and liabilities €101,488
Equity €90,268 ▲ 9.6%
Debt €11,220 ▼ 32.8%
Debt's share of the balance-sheet total falls from 16.9% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16,301▼
2024 · €20,539
Cash flow
€12,013▼
2024 · €15,718
Debt to equity
0.12▼
2024 · 0.20
ROE
8.7%▼
2024 · 17.0%
Interest coverage
40.13▼
2024 · 43.30
Debt ≤ 1 year
€11,220▼
2024 · €16,699
Income taxes
€3,891▼
2024 · €4,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95% 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 0.2% 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 497,471 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% 1.0%
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% 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 34,695 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 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€99,075€101,488▲
Fixed assets21/28€19,176€15,061▼
Tangible fixed assets22/27€18,071€13,951▼
Plant, machinery and equipment23€1,352€950▼
Furniture and vehicles24€16,720€13,001▼
Financial fixed assets28€1,104€1,110▲
Current assets29/58€79,899€86,427▲
Amounts receivable after more than one year29€59,000€59,000=
Other amounts receivable291€59,000€59,000=
Amounts receivable within one year40/41€14,631€25,977▲
Trade receivables40-€2,029
Other amounts receivable41€14,631€23,948▲
Cash at bank and in hand54/58€4,980€777▼
Deferred charges and accrued income490/1€1,288€673▼
Equity and liabilities
Total equity and liabilities10/49€99,075€101,488▲
Equity10/15€82,375€90,268▲
Contributions10/11€12,400€12,400=
Reserves13€37,360€45,245▲
Distributable reserves133€37,360€45,245▲
Profit (loss) carried forward14€32,615€32,623=
Amounts payable17/49€16,699€11,220▼
Amounts payable within one year42/48€16,699€11,220▼
Trade debts44€2,276€1,776▼
Suppliers440/4€2,276€1,776▼
Taxes, remuneration and social security45€14,423€9,444▼
Taxes450/3€6,423€6,444▲
Remuneration and social security454/9€8,000€3,000▼
Income statement Code20242025
Non-recurring operating income76A€700-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,745€4,120▲
Other operating charges640/8€800€827▲
Gross operating margin9900€21,339€17,129▼
Operating profit (loss)9901€18,795€12,181▼
Financial income75/76B€4€9▲
Recurring financial income75€4€9▲
Financial charges65/66B€474€406▼
Recurring financial charges65€474€406▼
Profit (loss) for the period before taxes9903€18,325€11,784▼
Income taxes67/77€4,351€3,891▼
Profit (loss) for the period9904€13,974€7,892▼
Profit (loss) for the period to be appropriated9905€13,974€7,892▼
Appropriation of the result
Profit (loss) to be appropriated9906€46,115€40,508▼
Profit (loss) brought forward from the previous period14P€32,142€32,615▲
Transfer to equity691/2€13,500€7,885▼
To other reserves6921€13,500€7,885▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A------€700--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,934€809€809€599€630€659€1,745€4,120▲ 136%
Other operating charges640/8---€812€674€701€800€827▲ 3.5%
Gross operating margin9900€4,254€8,893-€7,033€10,824€10,855€16,050€21,339€17,129▼ 19.7%
Operating profit (loss)9901-€776€7,469-€8,966€9,413€9,552€14,690€18,795€12,181▼ 35.2%
Financial income75/76B---€20€1€0€4€9▲ 108%
Recurring financial income75€3€0€0€20€1€0€4€9▲ 108%
Financial charges65/66B---€187€221€318€474€406▼ 14.4%
Recurring financial charges65€174€162€251€187€221€318€474€406▼ 14.4%
Profit (loss) for the period before taxes9903-€946€7,307-€9,217€9,246€9,332€14,372€18,325€11,784▼ 35.7%
Income taxes67/77€3,000€3,405€290€1,885€901€353€4,351€3,891▼ 10.6%
Profit (loss) for the period9904-€3,947€3,902-€9,507€7,362€8,431€14,019€13,974€7,892▼ 43.5%
Profit (loss) for the period to be appropriated9905-€3,947€3,902-€9,507€7,362€8,431€14,019€13,974€7,892▼ 43.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€65,978€62,129€62,396€65,930€72,065€76,470€99,075€101,488▲ 2.4%
Fixed assets21/28€4,906€4,855€4,046€3,447€3,252€2,792€19,176€15,061▼ 21.5%
Tangible fixed assets22/27€3,804€3,753€2,945€2,346€2,150€1,691€18,071€13,951▼ 22.8%
Plant, machinery and equipment23---€1,747€1,408€1,070€1,352€950▼ 29.7%
Furniture and vehicles24---€599€742€621€16,720€13,001▼ 22.2%
Financial fixed assets28€1,102€1,102€1,102€1,102€1,102€1,102€1,104€1,110▲ 0.5%
Current assets29/58€61,072€57,274€58,350€62,483€68,813€73,678€79,899€86,427▲ 8.2%
Amounts receivable after more than one year29---€50,000€59,000€48,550€59,000€59,000=
Other amounts receivable291---€50,000€59,000€48,550€59,000€59,000=
Amounts receivable within one year40/41€8,835€5,353€6,873€11,891€4,345€24,479€14,631€25,977▲ 77.5%
Trade receivables40---€10,685€3,825€5,999-€2,029-
Other amounts receivable41---€1,206€520€18,480€14,631€23,948▲ 63.7%
Cash at bank and in hand54/58€1,921€1,348€1,143€312€5,291€594€4,980€777▼ 84.4%
Deferred charges and accrued income490/1---€280€177€55€1,288€673▼ 47.8%
Equity and liabilities
Total equity and liabilities10/49€65,978€62,129€62,396€65,930€72,065€76,470€99,075€101,488▲ 2.4%
Equity10/15€55,195€59,098€49,591€56,952€54,383€68,402€82,375€90,268▲ 9.6%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400€12,400=
Reserves13€12,860€12,860€12,860€12,860€9,860€23,860€37,360€45,245▲ 21.1%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€11,000€8,000€23,860€37,360€45,245▲ 21.1%
Profit (loss) carried forward14€29,935€33,838€24,331€31,692€32,123€32,142€32,615€32,623=
Amounts payable17/49€10,783€3,031€12,805€8,978€17,682€8,068€16,699€11,220▼ 32.8%
Amounts payable within one year42/48€10,783€3,031€12,805€8,978€17,682€8,068€16,699€11,220▼ 32.8%
Trade debts44€2,540€2,061€5,657€3,093€2,183€3,159€2,276€1,776▼ 22.0%
Suppliers440/4---€3,093€2,183€3,159€2,276€1,776▼ 22.0%
Taxes, remuneration and social security45---€5,885€4,498€4,909€14,423€9,444▼ 34.5%
Taxes450/3---€3,885€4,498€4,909€6,423€6,444▲ 0.3%
Remuneration and social security454/9---€2,000--€8,000€3,000▼ 62.5%
Other amounts payable47/48----€11,000----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€3,947€3,902-€9,507€7,362€8,431€14,019€13,974€7,892▼ 43.5%
+ Depreciation and write-downs630€3,934€809€809€599€630€659€1,745€4,120▲ 136%
Operating cash flow (approximation)-€12€4,711-€8,698€7,960€9,060€14,678€15,718€12,013▼ 23.6%
Investment in fixed assets (approximation)--€758€0€0-€434-€199-€18,128-€6▲ 100.0%
Change in cash--€573-€205-€831€4,979-€4,697€4,386-€4,203▼ 196%

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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