INSIDE PROJECTS
ActiveSummary
INSIDE PROJECTS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €178,270. Equity is growing by about 4.3% per year across the filed financial years. Its solvency ranks better than 61% of 2,429 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Joinery installation
NACE 43320Other building finishing work NACE 43350
3rd largest employer in Peer, Construction sector1 site
Size
€4.0mtotal assets 2025
- Staff
- 19.8 FTE
- Equity
- €2.0m
- Profit
- €178,270
Structure
- Holdings
- 1
Accounts 21 days early3 of 10 deeds read
Why 88raises risk1 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 2004Size: 19.8 FTE, total assets €4.0mShow the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 42% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Strong
Solvency
75+7
equity 50.5% of total assets
Liquidity
34+6
short-term debt 47.7% · cash 5.8%
Profitability
74+2
return on assets 4.5%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● unchanged vs 11-2024
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.2 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.6%▼ -0.5 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.08, compared with 1.72 in 2024, above the usual 1.5; short-term debt: 47.7% and cash: 5.8% of total assets), and 49.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, small): better than 68% on solvency, 29% on liquidity, 55% on profitability and 15% on growth.
The bankruptcy probability was computed on 22-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
18 days late
2023
41 days late
2022
17 days early
2021
25 days late
2020
25 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 18 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · RestructuringShareholding · Real estate ·…
- RestructuringAppointment: FOEDERER DFK BEDRIJFSREVISOREN BV…
Financials · financial year 2025, full format
In the rankings
#3 employer in Peer, Construction sector#5 company by equity in Peer, Construction sector#7 company by total assets in Peer, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€178,270▼ 1.1%
2024 · €180,260
Working capital
€2.1m▲ 13.4%
2024 · €1.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.0m
2025
Equity€2.0m
2025
Debt€2.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency50.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.08
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)19.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.3m▲ 11.3%€0.2m▼ 15.8%€0.2m▼ 34.6%€0.2m▲ 31.5%€0.3m▲ 25.5%€0.3m▲ 21.3%€0.3m▼ 2.7%
Net result€0.2m-€0.2m▼ 6.9%€0.1mabove the sector's middle half▼ 34.6%€0.08mwithin the sector's middle half▼ 32.0%€0.1mwithin the sector's middle half▲ 36.2%€0.2mabove the sector's middle half▲ 46.1%€0.2mabove the sector's middle half▲ 17.6%€0.2mwithin the sector's middle half▼ 1.1%
Equity€1.7m-€1.7m▲ 4.4%€1.8mabove the sector's middle half▲ 2.4%€1.9mabove the sector's middle half▲ 4.3%€2.0mabove the sector's middle half▲ 5.6%€2.1mabove the sector's middle half▲ 7.8%€2.3mabove the sector's middle half▲ 8.5%€2.0mabove the sector's middle half▼ 12.8%
Total assets€5.8m-€6.4m▲ 10.2%€5.7mabove the sector's middle half▼ 10.6%€5.6mabove the sector's middle half▼ 1.2%€5.4mabove the sector's middle half▼ 3.9%€5.9mabove the sector's middle half▲ 8.6%€5.4mabove the sector's middle half▼ 8.7%€4.0mabove the sector's middle half▼ 26.0%
Debt€4.1m-€4.6m▲ 12.6%€3.9m▼ 15.5%€3.8m▼ 3.8%€3.4m▼ 8.5%€3.8m▲ 9.1%€3.1m▼ 18.4%€2.0m▼ 36.0%
Working capital€1.4m-€1.5m▲ 7.7%€1.4mabove the sector's middle half▼ 1.4%€1.5mabove the sector's middle half▲ 3.8%€1.6mabove the sector's middle half▲ 5.6%€1.7mabove the sector's middle half▲ 6.4%€1.8mabove the sector's middle half▲ 7.9%€2.1mabove the sector's middle half▲ 13.4%
Solvency28.8%-27.3%▼ 1.5pp31.3%within the sector's middle half▲ 4.0pp33.0%within the sector's middle half▲ 1.8pp36.3%within the sector's middle half▲ 3.3pp36.0%within the sector's middle half▼ 0.3pp42.8%within the sector's middle half▲ 6.8pp50.5%within the sector's middle half▲ 7.7pp
Current ratio1.44-1.43▼ 0.011.51within the sector's middle half▲ 0.081.53within the sector's middle half▲ 0.021.60within the sector's middle half▲ 0.071.54within the sector's middle half▼ 0.051.72within the sector's middle half▲ 0.172.08within the sector's middle half▲ 0.37
Return on assets (ROA)3.2%-2.7%▼ 0.5pp2.0%within the sector's middle half▼ 0.7pp1.4%below the sector's middle half▼ 0.6pp1.9%within the sector's middle half▲ 0.6pp2.6%within the sector's middle half▲ 0.7pp3.4%within the sector's middle half▲ 0.8pp4.5%within the sector's middle half▲ 1.1pp
Staff (FTE)23.8-27.3▲ 14.7%24.4above the sector's middle half▼ 10.6%21.9above the sector's middle half▼ 10.2%20.2above the sector's middle half▼ 7.8%20.9above the sector's middle half▲ 3.5%22.3above the sector's middle half▲ 6.7%19.8within the sector's middle half▼ 11.2%
above
within
below
the middle half of NACE 43, Specialised construction 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€28,151 ▼ 97.3%
Current assets
€3.9m ▼ 9.1%
Equity and liabilities €4.0m
Equity
€2.0m ▼ 12.8%
Debt
€2.0m ▼ 36.0%
Debt's share of the balance-sheet total falls from 57.2% to 49.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€327,124▼
2024 · €412,285
Cash flow
€204,522▼
2024 · €283,404
Debt to equity
0.98▼
2024 · 1.34
ROE
8.9%▲
2024 · 7.8%
Interest coverage
6.78▲
2024 · 5.93
Debt ≤ 1 year
€1.9m▼
2024 · €2.5m
Debt > 1 year
€36,571▼
2024 · €542,239
Income taxes
€82,515▲
2024 · €62,437
Staff costs
€1.2m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96.1%
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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 74.5% 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 14,766 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.02m | €0.01m | €0.006m | €0.009m | €0.008m | ▼ 9.5% |
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.0m | €1.3m | €1.4m | €1.2m | ▼ 17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.03m | ▼ 74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.07m | €0.1m | ▲ 47.6% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.4m | €0.2m | ▼ 59.8% |
| Non-recurring operating charges66A | - | - | - | - | €0.01m | - | - | - | - |
| Gross operating margin9900 | €1.6m | €1.9m | €1.5m | €1.4m | €1.4m | €1.6m | €2.3m | €1.7m | ▼ 23.0% |
| Operating profit (loss)9901 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 2.7% |
| Financial income75/76B | - | - | - | €0.003m | €0.005m | €0.01m | €0.003m | €0.008m | ▲ 171% |
| Recurring financial income75 | €0.006m | €0.004m | €0.006m | €0.003m | €0.005m | €0.01m | €0.003m | €0.008m | ▲ 171% |
| Financial charges65/66B | - | - | - | €0.05m | €0.06m | €0.06m | €0.07m | €0.05m | ▼ 30.5% |
| Recurring financial charges65 | €0.04m | €0.05m | €0.08m | €0.05m | €0.06m | €0.06m | €0.07m | €0.05m | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 7.5% |
| Income taxes67/77 | €0.06m | €0.06m | €0.05m | €0.04m | €0.05m | €0.05m | €0.06m | €0.08m | ▲ 32.2% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.1m | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 1.1% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.1m | €0.08m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 1.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.8m | €6.4m | €5.7m | €5.6m | €5.4m | €5.9m | €5.4m | €4.0m | ▼ 26.0% |
| Fixed assets21/28 | €1.3m | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €0.03m | ▼ 97.3% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.1m | €1.0m | €0.9m | €0.8m | €0.7m | €0.02m | ▼ 97.5% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.8m | €0.7m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.03m | €0.02m | €0.008m | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.005m | €0.001m | €0.003m | €0.02m | ▲ 551% |
| Financial fixed assets28 | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.01m | ▼ 96.6% |
| Current assets29/58 | €4.4m | €4.8m | €4.3m | €4.3m | €4.2m | €4.8m | €4.3m | €3.9m | ▼ 9.1% |
| Stocks and contracts in progress3 | €0.05m | €0.03m | - | €0.1m | €0.1m | €0.2m | - | - | - |
| Contracts in progress37 | - | - | - | €0.1m | €0.1m | €0.2m | - | - | - |
| Amounts receivable within one year40/41 | €3.9m | €4.6m | €3.9m | €3.9m | €3.8m | €4.2m | €4.3m | €3.7m | ▼ 13.6% |
| Trade receivables40 | - | - | - | €3.6m | €3.3m | €3.8m | €3.9m | €3.4m | ▼ 14.2% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 6.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.4m | €0.3m | €0.3m | €0.3m | €0.04m | €0.2m | ▲ 482% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.8m | €6.4m | €5.7m | €5.6m | €5.4m | €5.9m | €5.4m | €4.0m | ▼ 26.0% |
| Equity10/15 | €1.7m | €1.7m | €1.8m | €1.9m | €2.0m | €2.1m | €2.3m | €2.0m | ▼ 12.8% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.05m | ▼ 20.5% |
| Capital10 | - | - | - | - | - | €0.06m | €0.06m | €0.05m | ▼ 20.5% |
| Issued capital100 | - | - | - | - | - | €0.06m | €0.06m | €0.05m | ▼ 20.5% |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 72.8% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 20.8% |
| Legal reserve130 | - | - | - | - | - | €0.006m | €0.006m | €0.005m | ▼ 20.5% |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | - | - | - | - |
| Other1319 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 20.8% |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.002m | ▼ 20.5% |
| Distributable reserves133 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.2m | ▲ 6,459% |
| Profit (loss) carried forward14 | €1.4m | €1.5m | €1.5m | €1.6m | €1.7m | €1.9m | €2.0m | €1.6m | ▼ 20.5% |
| Amounts payable17/49 | €4.1m | €4.6m | €3.9m | €3.8m | €3.4m | €3.8m | €3.1m | €2.0m | ▼ 36.0% |
| Amounts payable after more than one year17 | €1.0m | €1.2m | €1.1m | €0.9m | €0.8m | €0.7m | €0.5m | €0.04m | ▼ 93.3% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.7m | €0.5m | €0.04m | ▼ 93.3% |
| Amounts payable within one year42/48 | €3.1m | €3.4m | €2.8m | €2.8m | €2.6m | €3.1m | €2.5m | €1.9m | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.2m | €0.1m | €0.03m | ▼ 82.0% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 64.4% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 64.4% |
| Trade debts44 | €2.5m | €2.5m | €2.2m | €2.0m | €1.8m | €2.2m | €1.8m | €1.1m | ▼ 38.5% |
| Suppliers440/4 | - | - | - | €2.0m | €1.8m | €2.2m | €1.8m | €1.1m | ▼ 38.9% |
| Bills of exchange payable441 | - | - | - | - | - | - | - | €0.007m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 7.3% |
| Taxes450/3 | - | - | - | €0.06m | €0.07m | €0.2m | €0.06m | €0.09m | ▲ 33.6% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 0.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.04m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €185,792 | €173,024 | €113,125 | €76,960 | €104,852 | €153,222 | €180,260 | €178,270 | ▼ 1.1% |
| + Depreciation and write-downs630 | €173,345 | €187,997 | €162,039 | €146,885 | €118,964 | €95,357 | €103,143 | €26,252 | ▼ 74.5% |
| Operating cash flow (approximation) | €359,137 | €361,021 | €275,164 | €223,845 | €223,816 | €248,579 | €283,404 | €204,522 | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | -€392,171 | -€45,846 | -€26,882 | -€5,203 | -€9,484 | -€22,596 | €977,752 | - |
| Change in cash | - | -€121,549 | €182,616 | -€117,870 | -€14,635 | €55,835 | -€300,230 | €192,033 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00278562 |
| 31-12-2024 | abbreviated format | 18-08-2025 | 2025-00379361 |
| 31-12-2023 | abbreviated format | 10-09-2024 | 2024-00460151 |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00235715 |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20325984 |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-53700058 |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-47300124 |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-52500487 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-52300282 |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-49700424 |
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Of the 19,852 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,204. 2,842 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €40,204 awarded · €40,204 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €14,318 | €14,318 |
| 2024 | 1 | €18,204 | €18,204 |
| 2023 | 2 | €7,682 | €7,682 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 3 of 10 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 05-11-2025 ↗
- Erwin Vandael all shares
Stated in the act
act of 30-06-2025 ↗
- Van Dael Erwin all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 20-01-2026 Capital increase of €12,722.81 · to €74,722.81 · no new shares · from reserves
- 20-01-2026 Capital reduction of €12,722.81 · to €62,000 · in a demerger
- 05-11-2025 Capital stated in the deed · €62,000 · 620 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- Cojati InvestsubsidiaryEquity €28,518Result €3,365100%
According to the 2024 annual accounts of INSIDE PROJECTS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 3 of 10 Gazette acts processed.
Acquisitions and mergers
1 transactionSplit off to:COJATI INVEST
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
financial year 2025 · full format
20-01
Gazette deed
Capital & shares · RestructuringShareholding · Real estate · Accounting effect26 facts ▸
Gazette deed
Capital & shares · Restructuring
Shareholding · Real estate · Accounting effect26 facts ▸
- Other provision, “doel partiele splitsing, uitsluitend exploitatieactiviteit” (deed in Dutch)
- Shareholding, 300, 285000
- Real estate, “nijverheidsgebouw op en met grond en alle aanhorigheden, Ambachtslaan 1012” (deed in Dutch)
- Real estate, “nijverheidsgebouw op en met grond en alle aanhorigheden, Ambachtslaan 1014” (deed in Dutch)
- Real estate, “nijverheidsgebouw op en met grond en alle aanhorigheden, Ambachtslaan 1025” (deed in Dutch)
- Real estate, “perceel grond met alle aanhorigheden, TUSSCHEN DE KLEIN MONS STRAET EN T BOLLE” (deed in Dutch)
- Other provision, “over te dragen activa”, EUR (deed in Dutch)
- Other provision, “financiële schulden, overgedragen schulden meer dan een jaar” (deed in Dutch)
- Other provision, “overgedragen schulden ten hoogste een jaar”, 107660.1 (deed in Dutch)
- Accounting effect, 01-03-2025
- Other provision, “overdracht eigendom en genot, van rechtswege bij wijze van partiële splitsing” (deed in Dutch)
- Other provision, “kennis patrimonium, niet noodzakelijk exhaustief” (deed in Dutch)
- +14 further facts in this act
2025
05-11
Gazette deed
RestructuringAppointment: FOEDERER DFK BEDRIJFSREVISOREN BV (company auditor) · Declaration · Capital48 facts ▸
Gazette deed
Restructuring
Appointment: FOEDERER DFK BEDRIJFSREVISOREN BV (company auditor) · Declaration · Capital48 facts ▸
- Declaration, 28-02-2025
- Declaration, 31-12-2024
- Declaration, “zakelijke overwegingen, voorgenomen partiële splitsing is ingegeven vanuit zakelijke overwegingen en dat er geen fiscale motieven aan de grondslag liggen” (deed in Dutch)
- Declaration, “registratierechten”, EUR (deed in Dutch)
- Declaration, “btw neutraliteit, is voldaan aan de voorwaarden zoals opgenomen in de artikelen 11 jo. 18, § 3 W. btw, waardoor deze verrichting op het vlak van btw neutraal za…” (deed in Dutch)
- Declaration, “verkeersbelasting neutraliteit, geen rollend materieel, onderworpen aan de verkeersbelasting en de belasting op inverkeerstelling, zal worden overgedaan aan de…” (deed in Dutch)
- Board meeting, “vastleggen van het voorstel tot partiële splitsing, ter goedkeuring zal worden voorgelegd aan de buitengewone algemene vergaderingen van aandeelhouders van de b…” (deed in Dutch)
- Declaration, “neerleggingstermijn, verplichting om dit voorstel tot partiële splitsing uiterlijk zes weken voor de buitengewone algemene vergadering die de partiële splitsing…” (deed in Dutch)
- Capital, €62,000
- Shareholding, “heden” (deed in Dutch) (2 times)
- Director in office, Erwin Vandael (director) (2 times)
- Director in office, Linda Verpoorten (director) (2 times)
- +36 further facts in this act
18-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 18 days late
30-06
Gazette deed
RestructuringAppointment: Foederer DFK Bedrijfsrevisoren BV (company auditor) · Demerger · Shareholding14 facts ▸
Gazette deed
Restructuring
Appointment: Foederer DFK Bedrijfsrevisoren BV (company auditor) · Demerger · Shareholding14 facts ▸
- Demerger, “partiele splitsing, op naam” (deed in Dutch)
- Shareholding, 19-06-2025, 620
- Shareholding, 19-06-2025, 300
- Share issue, “zonder nominale waarde”, 704 (deed in Dutch)
- Other provision, “no special rights or other securities, Er zijn in de Partieel Te Splitsen Vennootschap geen aandeelhouders die bijzondere rechten hebben, dan wel houders van an…” (deed in Dutch)
- Auditor appointment, Foederer DFK Bedrijfsrevisoren BV (company auditor)
- Other provision, “no special benefits for board members, Aan de leden van het bestuursorgaan van de bij de partiële splitsing betrokken Vennootschappen worden geen bijzondere voo…” (deed in Dutch)
- Real estate, “Ambachtslaan 1014, 3990 Peer, zal worden overgedragen aan de Verkrijgende Vennootschap” (deed in Dutch)
- Real estate, “Ambachtslaan 1012, 3990 Peer, zal worden overgedragen aan de Verkrijgende Vennootschap” (deed in Dutch)
- Real estate, “Ambachtslaan 1025, 3990 Peer, zal worden overgedragen aan de Verkrijgende Vennootschap” (deed in Dutch)
- Real estate, “parking bij het atelier waar gelost en geladen wordt” (deed in Dutch)
- Other provision, “fiscal declarations, de ondergetekenden verklaren dat de partiële splitsing zal beantwoorden aan de vereisten gesteld door de artikelen 183bis en 211,§1 van het…” (deed in Dutch)
- +2 further facts in this act
2024
10-09
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format · 41 days late
2023
31-12
Financial
Equity above €2mequity €2.1m ▲7.8%
A profit in every financial year since 2018 builds equity to €2.1m.
14-07
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
25-08
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 25 days late
2021
31-12
Financial
Weakest financial yearnet €76,960 ▼32%
Net result drops to €76,960, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 25 days late
2020
28-08
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 28 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 27 days late
2018
28-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 28 days late
2017
28-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
3 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded30-12-2004
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
42220Construction of utility projects for electricity and telecommunications
43230Insulation installation
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870918854
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0870.918.854
Recognitions · licences · registrations
Recognised contractor
2 categoriesINSIDE PROJECTS NVapproval no. 35566
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 4, up to €1,080,000
- D5 General joinery, timber roof trusses and stairsclass 4, up to €1,080,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2004
Ground area
8,169 m²
Building footprint
3,514 m²
Building volume
17,226 m³
2 parcels, Flanders · tallest building 7.2 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Inside Projects
since 2004unit no. 2.144.967.433
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72030B0879/00T000 | Flanders | 4,359 m² | 1 · 1,498 m² | 7.2 m · 2 |
| 72030B0856/00S000 | Flanders | 3,810 m² | 1 · 2,016 m² | 6.2 m · 1 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwondememing; Onderneming voor het leggen van verharding; Onderneming voor interieurwerken in de brede zin van het woord…” (deed in Dutch)deed of 05-11-2025
19 activities (deed in Dutch)
- Algemene bouwondememing
- Onderneming voor het leggen van verharding
- Onderneming voor interieurwerken in de brede zin van het woord
- Onderneming voor het plaatsen van afsluitingen
- Onderneming voor warmte- en geluidsisolatie
- Onderneming voor het plaatsen van vloeren en ondervloeren
- Onderneming voor het plaatsen van ventilatie en verluchting, van verwarming met warme lucht, van luchtregeling- en van industriële pijpleidingen
- Onderneming voor het plaatsen van dakgoten in alle soorten materialen
- Onderneming voor het plaatsen van ramen en deuren, vensterluiken en garagepoorten in alle soorten materialen
- Onderneming voor het onderhouden van daken
- Onderneming voor het plaatsen van valse plafonds, muren en alle soorten platen
- De aan- en verkopen, de import en export, de klein- en groothandel, de vertegenwoordiging van merken en fabrikanten in verband met de producten en materialen gebruikt bij de uitoefening van gemelde activiteiten
- Onderneming voor plafonneer en cementeerwerken
- Onderneming voor de overige werkzaamheden in verband met de afwerking van gebouwen
- De onderneming van houtzagerij, het bewerken en bereiden van hout; de fabricatie van timmerwerk en schrijnwerk voor de bouwnijverheid van onderdelen voor geprefabriceerde huizen en uiteenneembare houten paviljoenen, de groot- en kleinhandel van gezaagd hout, half afgewerkte producten van hout of verbeterd hout, bouwproducten en bouwmaterialen
- Onderneming voor de groot- en kleinhandel in meubels
- Onderneming voor het aan- en verkopen en verhuren van roerende goederen
- Onderneming voor het aan- en verkopen en verhuren van onroerende goederen
- Onderneming voor het beheer en de uitbating van onroerende goederen zowel voor eigen rekening als voor rekening van derden en in zoverre de erkenning van vastgoedmakelaar niet vereist is
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verdeling eigen vermogen, boekhoudkundige verdeling volgens fiscale verdeling” (deed in Dutch)Other provision: “Activa en passiva vastgesteld op 2025-02-28, regeling inbreng” (deed in Dutch)Other provision: “Toebedeling volledig afgeschreven bestanddelen, integraal behouden in partieel te splitsen vennootschap” (deed in Dutch)Other provision: “Bijkomende belastingen, artikelen 183bis jo. 211,§1,4de lid WIB 1992, artikelen 11 jo. 18,§3 W. btw, artikelen 117 jo. 120 in fine W. Reg.” (deed in Dutch)Other provision: “Overdracht lasten, 01-03-2025” (deed in Dutch)Other provision: “Zonder onderbreking,zonder schuldvernieuwing, betaling passief,interesten,terugbetaling op vervaldagen” (deed in Dutch)Other provision: “Verrichtingen/gedingen/waarborgen/beroepen/rechten/vorderingen jegens derden incl.openbare besturen, last passief:gekende/ongekende passiva…” (deed in Dutch)Other provision: “Boekhoudkundige archieven/documenten m.b.t.overgedragen elementen, archieven/documenten” (deed in Dutch)Other provision: “Kosten,erelonen,belastingen,lasten ingevolge inbreng, kosten inbreng” (deed in Dutch)Other provision: “Opschortende voorwaarde, goedkeuring inbreng in BV COJATI INVEST door AV BV COJATI INVEST” (deed in Dutch)2 more provisions in the deed, see the deed of 20-01-2026deed of 20-01-2026
Read from the deeds: 13 provisions, deed of 20-01-2026