Turnover
The accounts state no turnover.
The accounts state no turnover.
Debts rose by €51,911 in 2025.
Green is investment, beige is depreciation. Machinery stands 90.2% higher than in 2024.
Short-term debts rose from €30,431 to €82,216.
The last five annual accounts were filed 2 to 34 days before the end of the period.
Less equity than 86% of companies in head offices and management consultancy. Sector median €323,509 · 10,868 companies.
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 22% of them on solvency, 3% on liquidity, 16% on profitability and 49% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
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).
In July 2024, 4,508 companies had the same profile as LATEM PROJECTS has now. Each dot stands for 12 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LATEM PROJECTS itself: 0.3% within 12 months.
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 4,508 companies, not a prediction for LATEM 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.
Liquidity is insufficient, with a current ratio of 1.0 (1.51 in 2024), below 1. Short-term debt is 81.8% and cash 0% of total assets. 82.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| LATEM PROJECTS Sint-Martens-Latem | €100,486 | €2,918 | 17.9% | - |
| Stefaan Terryn Moorslede | €115,508 | €4,406 | 85.9% | - |
| NATUS VINCERE Schilde | €165,031 | €2,957 | 47.9% | - |
| Demasi Ypres | €122,535 | €2,062 | 96.6% | - |
| DAGBLADHANDEL CK&S Geel | €52,327 | €4,615 | -171.2% | - |
| Marc Van Lier Schoten | €106,429 | €5,796 | 40.7% | - |
| Rebel.be Roeselare | €113,530 | €1,532 | -10.1% | - |
These companies have the same main activity as LATEM PROJECTS: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €52,300 and €165,000, founded between 2001 and 2014.
LATEM PROJECTS files the abbreviated format. That format states no turnover. The gross margin fell from €11,454 in 2009 to €2,918 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €11,000. Estimated: probably between €5,000 and €28,000.
Higher than 21% of 10,858 companies in 2025.
Higher than 37% of 10,480 companies in 2025.
Higher than 28% of 10,727 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
100,486 | 47,878 | 37,539 | 35,012 | 37,878 | 78,659 | 85,231 | 40,573 | 87,779 | 77,039 | 57,490 | 41,070 | 42,553 | 50,043 | 25,308 | 28,313 | |
21/28 |
18,309 | 1,835 | 2,523 | 3,486 | 4,921 | 6,356 | 1,662 | 4,302 | 9,727 | 14,018 | 18,473 | 1,829 | 5,324 | 18,180 | 11,317 | 14,249 | |
22/27 |
3,489 | 1,835 | 2,523 | 3,486 | 4,921 | 6,356 | 1,662 | 4,302 | 9,727 | 14,018 | 18,473 | 1,829 | 5,324 | 18,145 | 11,282 | 14,214 | |
23 |
3,489 | 1,835 | 2,523 | 3,212 | 4,239 | 5,266 | 247 | 581 | 869 | 732 | 757 | 1,776 | 1,842 | 1,398 | - | - | |
24 |
0 | 0 | 0 | 274 | 682 | 1,090 | - | - | - | - | - | 54 | 767 | 3,146 | 1,312 | 618 | |
28 |
14,820 | - | - | - | - | - | - | - | - | - | - | - | - | 35 | 35 | 35 | |
29/58 |
82,177 | 46,044 | 35,016 | 31,526 | 32,957 | 72,303 | 83,569 | 36,271 | 78,052 | 63,021 | 39,018 | 39,241 | 37,229 | 31,863 | 13,991 | 14,064 | |
29 |
- | - | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | |
291 |
- | - | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | |
40/41 |
80,541 | 42,710 | 33,992 | 27,653 | 31,078 | 70,822 | 51,033 | 5,740 | 46,260 | 30,345 | 5,075 | 34,064 | 32,441 | 31,689 | 13,702 | 14,056 | |
40 |
45,449 | 18,753 | 29,459 | 22,242 | 23,759 | 46,963 | 19,960 | 3,884 | 10,150 | 10,132 | 5,075 | 8,000 | 8,804 | 7,260 | 9,750 | 12,575 | |
41 |
35,092 | 23,958 | 4,533 | 5,410 | 7,319 | 23,859 | 31,073 | 1,856 | 36,110 | 20,213 | - | 26,064 | 23,637 | 24,429 | 3,952 | 1,481 | |
54/58 |
1 | 2,516 | 60 | 2,189 | 131 | 236 | 770 | 29 | 1,792 | 2,676 | 3,943 | 5,177 | 4,788 | 174 | 286 | 8 | |
490/1 |
1,635 | 817 | 963 | 1,684 | 1,748 | 1,245 | 1,766 | 502 | - | - | - | - | - | - | 2 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
100,486 | 47,878 | 37,539 | 35,012 | 37,878 | 78,659 | 85,231 | 40,573 | 87,779 | 77,039 | 57,490 | 41,070 | 42,553 | 50,043 | 25,308 | 28,313 | |
10/15 |
18,017 | 17,320 | 15,337 | 4,399 | 4,340 | 17,768 | 15,322 | 14,823 | 14,252 | 8,399 | 7,849 | 6,872 | 7,083 | 6,295 | 6,259 | 3,733 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
5,853 | 5,853 | 5,853 | 5,853 | 6,453 | 11,568 | 9,122 | 8,623 | 8,052 | 2,199 | 1,649 | - | - | - | - | - | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 600 | 100 | - | - | - | - | - | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
5,853 | 5,853 | 5,853 | 5,853 | 4,593 | 9,708 | 7,262 | 6,763 | 6,192 | 1,599 | 1,549 | - | - | - | - | - | |
14 |
-6,436 | -7,133 | -9,116 | -20,054 | -20,713 | - | - | - | - | - | - | 672 | 883 | 95 | 59 | -2,467 | |
17/49 |
82,469 | 30,558 | 22,202 | 30,613 | 33,538 | 60,891 | 69,909 | 25,750 | 73,527 | 68,640 | 49,642 | 34,199 | 35,469 | 43,749 | 19,049 | 24,580 | |
17 |
- | - | - | 1,429 | 6,943 | 12,147 | 17,059 | - | 6,771 | 11,515 | 16,145 | 6,286 | 12,457 | 18,320 | - | 1,763 | |
170/4 |
- | - | - | 1,429 | 6,943 | 12,147 | 17,059 | - | 6,771 | 11,515 | 16,145 | 6,286 | 12,457 | 18,320 | - | 1,763 | |
42/48 |
82,216 | 30,431 | 22,132 | 29,099 | 26,534 | 48,744 | 52,850 | 25,750 | 66,672 | 57,047 | 33,497 | 27,913 | 23,012 | 25,429 | 19,048 | 22,817 | |
42 |
- | - | 1,429 | 5,514 | 5,204 | 4,912 | 6,269 | 3,228 | 4,744 | 4,630 | 4,518 | 6,172 | 5,862 | 5,569 | 1,763 | 6,818 | |
43 |
8,095 | 7,386 | 9,385 | 1,738 | 6,786 | 3,682 | 4,324 | 1,531 | 3,402 | 2,732 | 302 | 2,433 | 3,301 | 2,466 | - | 601 | |
430/8 |
8,095 | 7,386 | 9,385 | 1,738 | 6,786 | 3,682 | 4,324 | 1,531 | 3,402 | 2,732 | 302 | 2,433 | 3,301 | 2,466 | - | 601 | |
44 |
15,011 | 5,795 | 9,507 | 2,406 | 8,281 | 9,273 | 11,071 | 3,840 | 15,108 | 7,051 | 4,599 | 3,309 | 6,330 | 2,620 | 623 | 2,336 | |
440/4 |
15,011 | 5,795 | 9,507 | 2,406 | 8,281 | 9,273 | 11,071 | 3,840 | 15,108 | 7,051 | 4,599 | 3,309 | 6,330 | 2,620 | 623 | 2,336 | |
46 |
- | - | - | - | - | - | - | 192 | - | - | - | - | - | - | - | - | |
45 |
1,413 | 1,750 | 1,150 | 1,391 | 385 | 6,514 | 6,871 | 12,382 | 7,418 | 6,635 | 4,250 | 3,999 | 1,519 | 1,774 | 2,662 | 2,082 | |
450/3 |
1,413 | 1,750 | 1,150 | 1,391 | 385 | 6,514 | 6,871 | 12,382 | 7,418 | 6,635 | 4,250 | 3,999 | 1,519 | 1,774 | 2,662 | 2,082 | |
47/48 |
57,697 | 15,500 | 661 | 18,050 | 5,878 | 24,363 | 24,314 | 4,577 | 36,000 | 36,000 | 19,828 | 12,000 | 6,000 | 13,000 | 14,000 | 10,980 | |
492/3 |
253 | 127 | 70 | 85 | 62 | - | - | - | 84 | 78 | - | - | - | - | 0 | - | |
| Income statement | |||||||||||||||||
76A |
- | - | 3,726 | - | - | - | - | 2,126 | - | - | 11,000 | - | - | - | - | - | |
9900 |
2,918 | 4,229 | 13,491 | 2,685 | -22,326 | 8,948 | 7,387 | 1,518 | 49,124 | 43,380 | 18,133 | 21,405 | 26,898 | 53,157 | 22,703 | 11,454 | |
630 |
474 | 543 | 689 | 1,435 | 1,435 | 2,252 | 5,076 | 4,312 | 4,991 | 5,226 | 5,715 | 4,656 | 14,310 | 24,269 | 4,005 | 5,323 | |
640/8 |
904 | 873 | 832 | 404 | 761 | 811 | 824 | 876 | 951 | 982 | 980 | 779 | 777 | 3,383 | 1,750 | 5,269 | |
66A |
- | 146 | - | - | - | - | - | - | - | - | - | - | - | 9,778 | - | - | |
9901 |
1,540 | 2,667 | 11,970 | 847 | -24,521 | 5,884 | 1,487 | -3,669 | 43,182 | 37,172 | 11,439 | 15,970 | 11,811 | 25,505 | 16,948 | 862 | |
75/76B |
863 | 904 | 136 | 501 | 338 | 1,216 | 2,334 | 4,864 | 4,292 | 2,166 | 1,598 | 2,059 | 2,274 | 1,687 | 15 | 15 | |
75 |
863 | 904 | 136 | 501 | 338 | 1,216 | 2,334 | 4,864 | 4,292 | 2,166 | 1,598 | 2,059 | 2,274 | 1,687 | 15 | 15 | |
65/66B |
1,706 | 1,588 | 1,030 | 1,171 | 1,644 | 1,880 | 1,847 | 625 | 781 | 1,017 | 924 | 1,192 | 1,545 | 1,549 | 435 | 1,420 | |
65 |
1,706 | 1,588 | 1,030 | 1,171 | 1,644 | 1,880 | 1,847 | 625 | 781 | 1,017 | 924 | 1,192 | 1,545 | 1,549 | 435 | 1,420 | |
9903 |
697 | 1,983 | 11,076 | 176 | -25,828 | 5,220 | 1,974 | 570 | 46,693 | 38,321 | 23,113 | 16,838 | 12,540 | 15,865 | 16,528 | -543 | |
67/77 |
- | - | 139 | 117 | -0 | 2,774 | 1,474 | -0 | 4,840 | 1,771 | 4,136 | 5,049 | 5,751 | 2,830 | 2 | 1,924 | |
9904 |
697 | 1,983 | 10,937 | 60 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 18,977 | 11,788 | 6,789 | 13,035 | 16,527 | -2,467 | |
9905 |
697 | 1,983 | 10,937 | 60 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 18,977 | 11,788 | 6,789 | 13,035 | 16,527 | -2,467 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-6,436 | -7,133 | -9,116 | -20,654 | -25,828 | 2,446 | 499 | 571 | 41,853 | 36,550 | 19,649 | 12,672 | 6,883 | 13,095 | 14,059 | -2,467 | |
14P |
-7,133 | -9,116 | -20,054 | -20,713 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 600 | 5,115 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 2,446 | 499 | 571 | 5,853 | 550 | 1,649 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,260 | 500 | 100 | - | - | - | - | - | |
6921 |
- | - | - | - | - | 2,446 | 499 | 571 | 4,593 | 50 | 1,549 | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | 36,000 | 36,000 | 18,000 | 12,000 | 6,000 | 13,000 | 14,000 | - | |
695 |
- | - | - | - | - | - | - | - | 36,000 | 36,000 | 18,000 | 12,000 | 6,000 | 13,000 | 14,000 | - | |
| Document | |||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-04-2026 | 2026-00098324 | |
| 30-09-2024 | abbreviated format | 31-03-2025 | 2025-00058182 | |
| 30-09-2023 | micro format | 28-03-2024 | 2024-00054476 | |
| 30-09-2022 | micro format | 27-03-2023 | 2023-00047946 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09800030 | |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09400043 | |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08200136 | |
| 30-09-2018 | micro format | 24-04-2019 | 2019-10800182 | |
| 30-09-2017 | micro format | 18-04-2018 | 2018-10200178 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08300134 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07900044 | |
| 30-09-2014 | abbreviated format | 30-03-2015 | 2015-08100319 | |
| 30-09-2013 | abbreviated format | 25-04-2014 | 2014-10100065 | |
| 30-09-2012 | abbreviated format | 24-04-2013 | 2013-09700013 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-49900341 | |
| 31-12-2009 | abbreviated format | 08-07-2010 | 2010-28900407 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,013 | 3,210 | 12,659 | 2,281 | -23,086 | 8,136 | 6,563 | 642 | 48,173 | 42,398 | 17,153 | 20,626 | 26,121 | 49,774 | 20,954 | 6,185 | ||
| 1,171 | 2,526 | 11,626 | 1,495 | -24,393 | 4,698 | 5,575 | 4,882 | 46,844 | 41,776 | 24,692 | 16,444 | 21,098 | 37,304 | 20,532 | 2,856 | ||
| 16,948 | -146 | -274 | 0 | 0 | 6,946 | 2,436 | 304 | 699 | 772 | 22,358 | 1,162 | 1,488 | 61,038 | 1,074 | 18,987 | ||
| -2,516 | 2,456 | -2,129 | 2,058 | -105 | -534 | 740 | -1,762 | -884 | -1,267 | -1,234 | 389 | 4,614 | - | 278 | - | ||
| -38 | 15,613 | 12,884 | 2,427 | 6,423 | 23,559 | 30,719 | 10,521 | 11,380 | 5,974 | 5,521 | 11,328 | 14,217 | 6,434 | -5,058 | -8,753 | ||
| 17.9% | 36.2% | 40.9% | 12.6% | 11.5% | 22.6% | 18.0% | 36.5% | 16.2% | 10.9% | 13.7% | 16.7% | 16.6% | 12.6% | 24.7% | 13.2% | ||
| 1.00 | 1.51 | 1.58 | 1.08 | 1.24 | 1.48 | 1.58 | 1.41 | 1.17 | 1.10 | 1.16 | 1.41 | 1.62 | 1.25 | 0.73 | 0.62 | ||
| 4.58 | 1.76 | 1.45 | 6.96 | 7.73 | 3.43 | 4.56 | 1.74 | 5.16 | 8.17 | 6.32 | 4.98 | 5.01 | 6.95 | 3.04 | 6.58 | ||
| 3.9% | 11.5% | 71.3% | 1.4% | -595.1% | 13.8% | 3.3% | 3.9% | 293.7% | 435.2% | 241.8% | 171.5% | 95.8% | 207.1% | 264.0% | -66.1% | ||
| 0.7% | 4.1% | 29.1% | 0.2% | -68.2% | 3.1% | 0.6% | 1.4% | 47.7% | 47.4% | 33.0% | 28.7% | 16.0% | 26.0% | 65.3% | -8.7% | ||
| 1.18 | 2.02 | 12.30 | 1.95 | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,128 | - | - | - |
| Financial fixed assets | €14,820 | - | - | - |
| €474 | €543 | €689 | €1,435 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 63.8% to 82.1%. Equity and debt are higher.
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
| AEC-PROJECTS
registered office since 01-11-2022 · founded in 2001 |
total assets €308,052 (2026) 0475.943.069 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| George Minnelaan 46 registered office 9830 Sint-Martens-Latem 68310 Real estate agency activities | 22-09-2008 | 2.173.466.033 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44064B0838/00D000 | 850 m² | 1 · 200 m² | 8.9 m · 2 |
If something looks wrong or is missing, please tell us.