NEPTUNE PROJECTS
ActiveNEPTUNE PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €3k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 441 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-85
Solvency18=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.97 against 0.95 in 2024), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.8%
Return on assets
0.3%
Age of the figures
11 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 441 sector peers (2025).
NBB · sector comparisonPosition among 441 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
5 d early
2022
5 d early
2021
3 d late
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 3.2%
2024 · €91k
2018: €67k
2019: €54k
2020: €-19k
2021: €-6k
2022: €67k
2023: €68k
2024: €91k
2018 → 2025
Total assets
€866k▲ 10.4%
2024 · €784k
2018: €345k
2019: €767k
2020: €770k
2021: €612k
2022: €520k
2023: €575k
2024: €784k
2018 → 2025
Net result
€3k▼ 87.9%
2024 · €24k
2018: €15k
2019: €-13k
2020: €-73k
2021: €13k
2022: €73k
2023: €34k
2024: €24k
2018 → 2025
Working capital
€-21k▲ 26.7%
2024 · €-29k
2018: €15k
2019: €-16k
2020: €-120k
2021: €-127k
2022: €-56k
2023: €-49k
2024: €-29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€67k€68k▲ 0.6%€91k▲ 34.2%€94k▲ 3.2%
Operating result€16k-€78k▲ 375%€43k▼ 45.0%€34k▼ 21.1%€10k▼ 70.9%
Net result€13k-€73k▲ 463%€34k▼ 53.3%€24k▼ 29.9%€3k▼ 87.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 71% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €866k
Fixed assets
€233k▼ 8.7%
Current assets
€633k▲ 19.7%
Equity and liabilities €866k
Equity
€94k▲ 3.2%
Debt
€772k▲ 11.4%
The debt ratio rises from 88.4% to 89.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€34k▼
2024 · €57k
Cash flow
€27k▼
2024 · €47k
Solvency
10.8%▼
2024 · 11.6%
Current ratio
0.97▲
2024 · 0.95
Quick ratio
0.97▲
2024 · 0.95
Debt / equity
8.23▲
2024 · 7.62
ROE
3.1%▼
2024 · 26.4%
ROA
0.3%▼
2024 · 3.1%
Interest coverage
4.94▼
2024 · 7.56
Debt
€772k▲
2024 · €693k
Debt ≤ 1 year
€655k▲
2024 · €559k
Debt > 1 year
€75k▼
2024 · €101k
Income taxes
€510▼
2024 · €3k
Staff costs
€81k▲
2024 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€784k€866k▲
Fixed assets21/28€255k€233k▼
Tangible fixed assets22/27€255k€233k▼
Land and buildings22€236k€219k▼
Plant, machinery and equipment23€690€397▼
Furniture and vehicles24€18k€13k▼
Financial fixed assets28€38€38=
Current assets29/58€529k€633k▲
Amounts receivable within one year40/41€29k€2k▼
Trade receivables40€23k€2k▼
Other amounts receivable41€6k€0▼
Cash at bank and in hand54/58€318k€331k▲
Deferred charges and accrued income490/1€182k€300k▲
Equity and liabilities
Total equity and liabilities10/49€784k€866k▲
Equity10/15€91k€94k▲
Contributions10/11€30k€30k=
Reserves13€61k€64k▲
Distributable reserves133€61k€64k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€693k€772k▲
Amounts payable after more than one year17€101k€75k▼
Financial debts170/4€101k€75k▼
Amounts payable within one year42/48€559k€655k▲
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€118k€138k▲
Suppliers440/4€118k€138k▲
Advances received on contracts in progress46€393k€475k▲
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€3k€4k▲
Accrued charges and deferred income492/3€34k€43k▲
Income statement
Code20242025
Remuneration, social security and pensions62€74k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€133k€117k▼
Operating profit (loss)9901€34k€10k▼
Financial income75/76B€107€340▲
Recurring financial income75€107€340▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€27k€3k▼
Income taxes67/77€3k€510▼
Profit (loss) for the period9904€24k€3k▼
Profit (loss) for the period to be appropriated9905€24k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€3k▼
Transfer to equity691/2€23k€3k▼
To other reserves6921€23k€3k▼
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
Social balance
Average headcount (FTE)90872.1-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €73k ▲463%
Operating result €78k, net result €73k, both a record.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
30-09
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Izegem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blekerijstraat 18870 IzegemGround area
354 m²
Building footprint
132 m²
Volume, LiDAR
439 m³
Parcel 36008C0577/00X000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NEPTUNE PROJECTS
since 20112.204.882.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0577/00X000 | Flanders | 354 m² | 1 · 132 m² | 4.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,430 companies in sector 79110 we hold annual accounts for 874. 746 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2011
Fiscal year end30-09
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.