INTRO-PROJECTS
ActiveSummary
INTRO-PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €-14k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 34% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-40
Solvency46▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.46 against 1.05 in 2024; short-term debt: 46.7% and cash: 12% of total assets), and 78.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.4%
Return on assets
-2.6%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
24 d early
2024
22 d early
2023
49 d early
2022
12 d early
2021
19 d early
2020
58 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▼ 53.1%
2024 · €248k
2018: €157k
2019: €289k▲ +84.3% vs 2018highest in 8 years
2020: €8k▼ -97.2% vs 2019lowest in 8 years
2021: €125k▲ +1448% vs 2020
2022: €241k▲ +92.8% vs 2021
2023: €227k▼ -5.5% vs 2022
2024: €248k▲ +8.9% vs 2023
2025: €116k▼ -53.1% vs 2024
2018 → 2025
Total assets
€543k▼ 28.7%
2024 · €762k
2018: €271klowest in 8 years
2019: €409k▲ +50.6% vs 2018
2020: €568k▲ +38.9% vs 2019
2021: €729k▲ +28.3% vs 2020
2022: €727k▼ -0.2% vs 2021
2023: €566k▼ -22.2% vs 2022
2024: €762k▲ +34.7% vs 2023highest in 8 years
2025: €543k▼ -28.7% vs 2024
2018 → 2025
Net result
€-14k
2024 · €229k
2018: €61k
2019: €132k▲ +118% vs 2018
2020: €153k▲ +15.9% vs 2019
2021: €104k▼ -32.0% vs 2020
2022: €116k▲ +11.0% vs 2021
2023: €209k▲ +80.2% vs 2022
2024: €229k▲ +9.7% vs 2023highest in 8 years
2025: €-14k▼ -106% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-137k
2024 · €14k
2018: €136k
2019: €281k▲ +107% vs 2018highest in 8 years
2020: €3k▼ -99.1% vs 2019
2021: €-14k▼ -659% vs 2020
2022: €48k▲ +437% vs 2021
2023: €9k▼ -82.3% vs 2022
2024: €14k▲ +62.5% vs 2023
2025: €-137k▼ -1086% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€241k▲ 92.8%€227k▼ 5.5%€248k▲ 8.9%€116k▼ 53.1%
2021: €125k
2022: €241k▲ +92.8% vs 2021
2023: €227k▼ -5.5% vs 2022
2024: €248k▲ +8.9% vs 2023highest in 5 years
2025: €116k▼ -53.1% vs 2024lowest in 5 years
Operating result€134k-€154k▲ 15.3%€288k▲ 86.5%€303k▲ 5.3%€-13k
2021: €134k
2022: €154k▲ +15.3% vs 2021
2023: €288k▲ +86.5% vs 2022
2024: €303k▲ +5.3% vs 2023highest in 5 years
2025: €-13k▼ -104% vs 2024lowest in 5 years
Net result€104k-€116k▲ 11.0%€209k▲ 80.2%€229k▲ 9.7%€-14k
2021: €104k
2022: €116k▲ +11.0% vs 2021
2023: €209k▲ +80.2% vs 2022
2024: €229k▲ +9.7% vs 2023highest in 5 years
2025: €-14k▼ -106% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €303k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543k
Fixed assets
€426k ▼ 4.4%
Current assets
€117k ▼ 63.0%
Equity and liabilities €543k
Equity
€116k ▼ 53.1%
Debt
€427k ▼ 17.0%
Debt's share of the balance-sheet total rises from 67.5% to 78.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €335k
Cash flow
€10k▼
2024 · €260k
Current ratio
0.46▼
2024 · 1.05
Debt to equity
3.68▲
2024 · 2.08
ROE
-12.0%▼
2024 · 92.5%
ROA
-2.6%▼
2024 · 30.0%
Interest coverage
5.28▼
2024 · 85.44
Debt ≤ 1 year
€254k▼
2024 · €302k
Debt > 1 year
€173k▼
2024 · €210k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€762k€543k▼
Fixed assets21/28€446k€426k▼
Tangible fixed assets22/27€446k€426k▼
Land and buildings22€413k€403k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€23k€14k▼
Other tangible fixed assets26€8k€8k=
Current assets29/58€316k€117k▼
Amounts receivable within one year40/41€35k€48k▲
Trade receivables40€6k€10k▲
Other amounts receivable41€29k€38k▲
Cash at bank and in hand54/58€273k€65k▼
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€762k€543k▼
Equity10/15€248k€116k▼
Contributions10/11€19k€19k=
Reserves13€229k€97k▼
Distributable reserves133€229k€97k▼
Amounts payable17/49€514k€427k▼
Amounts payable after more than one year17€210k€173k▼
Financial debts170/4€210k€173k▼
Amounts payable within one year42/48€302k€254k▼
Current portion of amounts payable after more than one year42€37k€37k▲
Trade debts44€33k€34k▲
Suppliers440/4€33k€34k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Other amounts payable47/48€227k€178k▼
Accrued charges and deferred income492/3€2k€912▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€24k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€339k€14k▼
Operating profit (loss)9901€303k€-13k▼
Financial income75/76B€427€1k▲
Recurring financial income75€427€1k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€300k€-14k▼
Income taxes67/77€71k-
Profit (loss) for the period9904€229k€-14k▼
Profit (loss) for the period to be appropriated9905€229k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€229k€-14k▼
Transfer from equity791/2€209k€132k▼
Transfer to equity691/2€229k-
To other reserves6921€229k-
Profit to be distributed694/7€209k€118k▼
Return on contributions (dividend)694€209k€118k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €35k | €32k | €31k | €24k | ▼ 24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | - | - | - |
| Other operating charges640/8 | €2k | €3k | €3k | €4k | €3k | ▼ 19.7% |
| Gross operating margin9900 | €182k | €193k | €331k | €339k | €14k | ▼ 95.8% |
| Operating profit (loss)9901 | €134k | €154k | €288k | €303k | €-13k | ▼ 104% |
| Financial income75/76B | - | €0 | €487 | €427 | €1k | ▲ 143% |
| Recurring financial income75 | - | €0 | €487 | €427 | €1k | ▲ 143% |
| Financial charges65/66B | €5k | €9k | €17k | €4k | €2k | ▼ 47.2% |
| Recurring financial charges65 | €5k | €9k | €17k | €4k | €2k | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | €129k | €146k | €272k | €300k | €-14k | ▼ 105% |
| Income taxes67/77 | €25k | €30k | €63k | €71k | - | - |
| Profit (loss) for the period9904 | €104k | €116k | €209k | €229k | €-14k | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €104k | €116k | €209k | €229k | €-14k | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €729k | €727k | €566k | €762k | €543k | ▼ 28.7% |
| Fixed assets21/28 | €470k | €477k | €468k | €446k | €426k | ▼ 4.4% |
| Tangible fixed assets22/27 | €470k | €477k | €468k | €446k | €426k | ▼ 4.4% |
| Land and buildings22 | €465k | €445k | €426k | €413k | €403k | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | €881 | €2k | €1k | ▼ 32.7% |
| Furniture and vehicles24 | €5k | €32k | €41k | €23k | €14k | ▼ 38.8% |
| Other tangible fixed assets26 | - | - | - | €8k | €8k | = |
| Current assets29/58 | €258k | €250k | €98k | €316k | €117k | ▼ 63.0% |
| Amounts receivable within one year40/41 | €71k | €38k | €21k | €35k | €48k | ▲ 36.4% |
| Trade receivables40 | €71k | €30k | €14k | €6k | €10k | ▲ 81.6% |
| Other amounts receivable41 | - | €8k | €7k | €29k | €38k | ▲ 27.5% |
| Cash at bank and in hand54/58 | €183k | €156k | €70k | €273k | €65k | ▼ 76.1% |
| Deferred charges and accrued income490/1 | €4k | €56k | €7k | €8k | €4k | ▼ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €729k | €727k | €566k | €762k | €543k | ▼ 28.7% |
| Equity10/15 | €125k | €241k | €227k | €248k | €116k | ▼ 53.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €106k | €222k | €209k | €229k | €97k | ▼ 57.5% |
| Distributable reserves133 | €106k | €222k | €209k | €229k | €97k | ▼ 57.5% |
| Amounts payable17/49 | €604k | €487k | €338k | €514k | €427k | ▼ 17.0% |
| Amounts payable after more than one year17 | €331k | €284k | €247k | €210k | €173k | ▼ 17.8% |
| Financial debts170/4 | €331k | €284k | €247k | €210k | €173k | ▼ 17.8% |
| Amounts payable within one year42/48 | €273k | €202k | €89k | €302k | €254k | ▼ 16.1% |
| Current portion of amounts payable after more than one year42 | €48k | €47k | €37k | €37k | €37k | ▲ 0.8% |
| Trade debts44 | €2k | €2k | €11k | €33k | €34k | ▲ 1.3% |
| Suppliers440/4 | €2k | €2k | €11k | €33k | €34k | ▲ 1.3% |
| Taxes, remuneration and social security45 | €44k | €16k | €18k | €5k | €5k | ▼ 9.4% |
| Taxes450/3 | €44k | €16k | €18k | €5k | €5k | ▼ 9.4% |
| Other amounts payable47/48 | €179k | €137k | €23k | €227k | €178k | ▼ 21.6% |
| Accrued charges and deferred income492/3 | - | - | €2k | €2k | €912 | ▼ 55.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104k | €116k | €209k | €229k | €-14k | ▼ 106% |
| + Depreciation and write-downs630 | €46k | €35k | €32k | €31k | €24k | ▼ 24.3% |
| Operating cash flow (approximation) | €150k | €151k | €241k | €260k | €10k | ▼ 96.2% |
| Investment in fixed assets (approximation) | - | €-42k | €-24k | €-9k | €-4k | ▲ 56.4% |
| Change in cash | - | €-26k | €-87k | €203k | €-208k | ▼ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €229k ▲9.7%
Operating result €303k, net result €229k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €241k ▲92.8%
5 profitable years in a row build equity to €241k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €125k ▲1,448%
4 profitable years in a row build equity to €125k.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €289k ▲84.3%
2 profitable years in a row build equity to €289k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2016
Ground area
853 m²
Building footprint
129 m²
Volume, LiDAR
905 m³
Parcel 11031C0066/00P002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Intro Projects
since 20162.258.147.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031C0066/00P002 | Flanders | 853 m² | 1 · 129 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Praesidio
BE 0782.983.406
Antwerpen · Eq €116,130
QUINTESSENCE PROJECTS
BE 0537.480.265
Hasselt · Eq €115,750
Rensair
BE 0760.541.069
Antwerpen · Eq €115,650
Betonhart
BE 0654.766.925
Grimbergen · Eq €114,936
CANTRASS
BE 0696.999.636
Machelen (Brab.) · Eq €117,272
Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
43320Joinery installation
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.