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Naimi Projects

Active
Private limited companyfounded 200619 yrs activeGolflaan 12, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0885.702.941
Summary

Naimi Projects has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €984,129 and a net result of €10,742. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability64▼-6
Solvency91▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 2.4 in 2025; short-term debt: 4.3% and cash: 0.9% of total assets), and 34% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
66%
Return on assets
0.7%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-07-2026, 122 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
122 d early
2025
38 d early
2024
126 d early
2023
21 d early
2022
33 d early
2021
37 d early
2020
25 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 23 September (4 of the last 5 filed years within 84 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 December 2006, Naimi Projects was incorporated.1 Total assets went from EUR 549,633 in 2019 to EUR 1.5 million in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€984,129▼ 1.3%
2025 · €997,337
Total assets
€1.5m▲ 6.0%
2025 · €1.4m
Net result
€10,742▲ 17.8%
2025 · €9,120
Working capital
-€20,585
2025 · €37,453
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€37,051€32,631▼ 11.9%€946,049▲ 2,799%€16,162▼ 98.3%€26,169▲ 61.9%
Net result€25,093€16,103▼ 35.8%€676,893▲ 4,104%€9,120▼ 98.7%€10,742▲ 17.8%
Equity€295,221▲ 9.3%€311,324▲ 5.5%€988,217▲ 217%€997,337▲ 0.9%€984,129▼ 1.3%
Total assets€762,629▼ 4.2%€773,114▲ 1.4%€1.3m▲ 64.1%€1.4m▲ 10.8%€1.5m▲ 6.0%
Debt€467,408▼ 11.2%€461,790▼ 1.2%€280,404▼ 39.3%€408,829▲ 45.8%€506,673▲ 23.9%
Working capital-€118,717▼ 13.0%-€140,013▼ 17.9%€107,088€37,453▼ 65.0%-€20,585
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€250,000€500,000€750,000€1.0mOperating result 2022: €37,051€37,051Net result 2022: €25,093€25,093Operating result 2023: €32,631€32,631Net result 2023: €16,103€16,103Operating result 2024: €946,049€946,049Net result 2024: €676,893€676,893Operating result 2025: €16,162€16,162Net result 2025: €9,120€9,120Operating result 2026: €26,169€26,169Net result 2026: €10,742€10,74220222023202420252026€0€250,000€500,000€750,000€1mOperating result 2024: €946,049€946,000Net result 2024: €676,893€677,000Operating result 2025: €16,162€16,200Net result 2025: €9,120€9,120Operating result 2026: €26,169€26,200Net result 2026: €10,742€10,700202420252026
The operating result recovers in 2026; 2026 is 62% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.5m
Fixed assets €1.4m ▲ 7.9%
Current assets €42,929 ▼ 33.2%
Equity and liabilities €1.5m
Equity €984,129 ▼ 1.3%
Debt €506,673 ▲ 23.9%
Debt's share of the balance-sheet total rises from 29.1% to 34.0%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€58,795▲
2025 · €55,994
Cash flow
€43,369▼
2025 · €48,953
Current ratio
0.68▼
2025 · 2.40
Debt to equity
0.51▲
2025 · 0.41
ROE
1.1%▲
2025 · 0.9%
ROA
0.7%▲
2025 · 0.6%
Interest coverage
5.34▼
2025 · 12.70
Debt ≤ 1 year
€63,514▲
2025 · €26,817
Debt > 1 year
€442,078▲
2025 · €380,955
Income taxes
€5,375▲
2025 · €3,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.3% went bankrupt
3.6% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,045 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 · 2026 against 2025 · 45 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.4m€1.5m▲
Fixed assets21/28€1.3m€1.4m▲
Tangible fixed assets22/27€1.3m€1.4m▲
Land and buildings22€1.3m€1.4m▲
Current assets29/58€64,271€42,929▼
Amounts receivable within one year40/41€20,000€15,785▼
Other amounts receivable41€20,000€15,785▼
Cash at bank and in hand54/58€42,669€13,333▼
Deferred charges and accrued income490/1€1,602€13,811▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.5m▲
Equity10/15€997,337€984,129▼
Contributions10/11€230,000€230,000=
Reserves13€767,337€754,129▼
Distributable reserves133€767,337€754,129▼
Profit (loss) carried forward14-€0
Amounts payable17/49€408,829€506,673▲
Amounts payable after more than one year17€380,955€442,078▲
Financial debts170/4€380,955€442,078▲
Amounts payable within one year42/48€26,817€63,514▲
Current portion of amounts payable after more than one year42€23,401€33,307▲
Trade debts44€0€882▲
Suppliers440/4€0€882▲
Taxes, remuneration and social security45€3,416€5,375▲
Taxes450/3€3,416€5,375▲
Other amounts payable47/48-€23,950
Accrued charges and deferred income492/3€1,056€1,080▲
Income statement Code20252026
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,833€32,627▼
Other operating charges640/8€4,152€2,398▼
Gross operating margin9900€60,146€61,194▲
Operating profit (loss)9901€16,162€26,169▲
Financial income75/76B€785€957▲
Recurring financial income75€785€957▲
Financial charges65/66B€4,410€11,008▲
Recurring financial charges65€4,410€11,008▲
Profit (loss) for the period before taxes9903€12,537€16,117▲
Income taxes67/77€3,416€5,375▲
Profit (loss) for the period9904€9,120€10,742▲
Profit (loss) for the period to be appropriated9905€9,120€10,742▲
Appropriation of the result
Profit (loss) to be appropriated9906€9,120€10,742▲
Transfer from equity791/2-€23,950
Transfer to equity691/2€9,120€10,742▲
To other reserves6921€9,120€10,742▲
Profit to be distributed694/7-€23,950
Return on contributions (dividend)694-€23,950

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Non-recurring operating income76A--€1.0m€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,711€36,046€117,768€39,833€32,627▼ 18.1%
Other operating charges640/8€3,186€4,013€2,334€4,152€2,398▼ 42.2%
Gross operating margin9900€74,948€72,690€1.1m€60,146€61,194▲ 1.7%
Operating profit (loss)9901€37,051€32,631€946,049€16,162€26,169▲ 61.9%
Financial income75/76B---€785€957▲ 21.8%
Recurring financial income75---€785€957▲ 21.8%
Financial charges65/66B€11,169€10,703€11,430€4,410€11,008▲ 150%
Recurring financial charges65€11,169€10,703€11,430€4,410€11,008▲ 150%
Profit (loss) for the period before taxes9903€25,882€21,928€934,619€12,537€16,117▲ 28.6%
Income taxes67/77€789€5,825€257,726€3,416€5,375▲ 57.4%
Profit (loss) for the period9904€25,093€16,103€676,893€9,120€10,742▲ 17.8%
Profit (loss) for the period to be appropriated9905€25,093€16,103€676,893€9,120€10,742▲ 17.8%
Line20222023202420252026Change
Assets
Total assets20/58€762,629€773,114€1.3m€1.4m€1.5m▲ 6.0%
Fixed assets21/28€761,560€767,155€1.1m€1.3m€1.4m▲ 7.9%
Tangible fixed assets22/27€761,560€767,155€1.1m€1.3m€1.4m▲ 7.9%
Land and buildings22€747,079€765,358€1.1m€1.3m€1.4m▲ 7.9%
Plant, machinery and equipment23€14,481-----
Furniture and vehicles24-€1,797€0---
Current assets29/58€1,070€5,959€139,853€64,271€42,929▼ 33.2%
Amounts receivable within one year40/41--€2,274€20,000€15,785▼ 21.1%
Other amounts receivable41--€2,274€20,000€15,785▼ 21.1%
Cash at bank and in hand54/58€886€5,760€137,355€42,669€13,333▼ 68.8%
Deferred charges and accrued income490/1€183€200€225€1,602€13,811▲ 762%
Equity and liabilities
Total equity and liabilities10/49€762,629€773,114€1.3m€1.4m€1.5m▲ 6.0%
Equity10/15€295,221€311,324€988,217€997,337€984,129▼ 1.3%
Contributions10/11€230,000€230,000€230,000€230,000€230,000=
Reserves13€65,221€81,324€758,217€767,337€754,129▼ 1.7%
Non-distributable reserves130/1€2,042€2,042€0---
Reserves not available under the articles1311€2,042€2,042€0---
Distributable reserves133€63,179€79,282€758,217€767,337€754,129▼ 1.7%
Profit (loss) carried forward14----€0-
Amounts payable17/49€467,408€461,790€280,404€408,829€506,673▲ 23.9%
Amounts payable after more than one year17€345,303€313,741€246,669€380,955€442,078▲ 16.0%
Financial debts170/4€345,303€313,741€246,669€380,955€442,078▲ 16.0%
Amounts payable within one year42/48€119,787€145,972€32,765€26,817€63,514▲ 137%
Current portion of amounts payable after more than one year42€67,710€62,294€21,065€23,401€33,307▲ 42.3%
Trade debts44€1,288€16,261€11,700€0€882-
Suppliers440/4€1,288€16,261€11,700€0€882-
Taxes, remuneration and social security45€789€5,825€0€3,416€5,375▲ 57.4%
Taxes450/3€789€5,825€0€3,416€5,375▲ 57.4%
Other amounts payable47/48€50,000€61,592€0-€23,950-
Accrued charges and deferred income492/3€2,318€2,076€971€1,056€1,080▲ 2.3%
Line20222023202420252026Change
Profit (loss) for the period9904€25,093€16,103€676,893€9,120€10,742▲ 17.8%
+ Depreciation and write-downs630€34,711€36,046€117,768€39,833€32,627▼ 18.1%
Operating cash flow (approximation)€59,804€52,148€794,661€48,953€43,369▼ 11.4%
Investment in fixed assets (approximation)--€41,640-€479,382-€252,959-€138,605▲ 45.2%
Change in cash-€4,873€131,595-€94,686-€29,336▲ 69.0%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
2025
23-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Highest result since 2019net €676,893 ▲4,104%
Operating result €946,049, net result €676,893, both a record.
31-03
Financial Liquidity times 105current ratio 4.27
Current ratio from 0.04 to 4.27; short-term debt falls from €145,972 to €32,765.
31-03
Financial Equity above €500,000Eq €988,217 ▲217%
3 profitable years in a row build equity to €988,217.
2023
10-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
28-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial Back to profitnet €25,093
Net result €25,093 after one loss-making year.
2021
24-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Weakest financial yearnet -€22,742
Net result drops to -€22,742, the lowest in the series; recovery starts the following year.
2020
06-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
27-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
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 6 acts read
About the unread acts

We know of 6 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
6 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, Sint-Martens-Latem · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
414 m²
Building footprint
90 m²
Volume, LiDAR
670 m³
Parcel 44064B0026/00K004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Naimi Projects
Golflaan 12, 9830 Sint-Martens-LatemNACE 7020301
since 20062.159.823.180
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0026/00K004 Flanders 414 m² 1 · 90 m² 10.3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-2006
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.