NEXT PROJECTS
ActiveNEXT PROJECTS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €-155k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 6.75 against 6.03 in 2024), and 13.6% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€155k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
61 d late
2023
30 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
69 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-155k▼ 117%
2024 · €-72k
2018: €100k
2019: €102k
2020: €-10k
2021: €151k
2022: €130k
2023: €126k
2024: €-72k
2018 → 2025
Working capital
€564k▼ 21.7%
2024 · €721k
2018: €304k
2019: €385k
2020: €392k
2021: €555k
2022: €694k
2023: €809k
2024: €721k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€594k-€724k▲ 21.8%€850k▲ 17.5%€778k▼ 8.4%€623k▼ 20.0%
Operating result€200k-€172k▼ 13.7%€175k▲ 1.6%€-71k€-155k▼ 120%
Net result€151k-€130k▼ 14.2%€126k▼ 2.5%€-72k€-155k▼ 117%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €155k in 2025 against €71k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €721k
Fixed assets
€59k▲ 2.2%
Current assets
€662k▼ 23.3%
Equity and liabilities €721k
Equity
€623k▼ 20.0%
Debt
€98k▼ 31.5%
The debt ratio falls from 15.5% to 13.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-145k▼
2024 · €-61k
Cash flow
€-145k▼
2024 · €-62k
Solvency
86.4%▲
2024 · 84.5%
Current ratio
6.75▲
2024 · 6.03
Quick ratio
3.49▲
2024 · 3.26
Debt / equity
0.16▼
2024 · 0.18
ROE
-24.9%▼
2024 · -9.2%
ROA
-21.5%▼
2024 · -7.8%
Interest coverage
-399.60▼
2024 · -236.15
Debt
€98k▼
2024 · €143k
Debt ≤ 1 year
€98k▼
2024 · €143k
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€922k€721k▼
Formation expenses20€0€0=
Fixed assets21/28€58k€59k▲
Tangible fixed assets22/27€58k€59k▲
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€24k€23k▼
Other tangible fixed assets26€30k€30k=
Current assets29/58€864k€662k▼
Stocks and contracts in progress3€396k€320k▼
Stocks30/36€396k€320k▼
Amounts receivable within one year40/41€430k€174k▼
Trade receivables40€379k€164k▼
Other amounts receivable41€51k€10k▼
Cash at bank and in hand54/58€37k€168k▲
Deferred charges and accrued income490/1€822€832▲
Equity and liabilities
Total equity and liabilities10/49€922k€721k▼
Equity10/15€778k€623k▼
Contributions10/11€132k€132k=
Profit (loss) carried forward14€646k€491k▼
Amounts payable17/49€143k€98k▼
Amounts payable within one year42/48€143k€98k▼
Trade debts44€143k€87k▼
Suppliers440/4€143k€87k▼
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Accrued charges and deferred income492/3€29-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€20k€5k▼
Non-recurring operating charges66A€196-
Gross operating margin9900€-42k€-140k▼
Operating profit (loss)9901€-71k€-155k▼
Financial income75/76B€2k€205▼
Recurring financial income75€2k€205▼
Financial charges65/66B€260€363▲
Recurring financial charges65€260€363▲
Profit (loss) for the period before taxes9903€-68k€-155k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€-72k€-155k▼
Profit (loss) for the period to be appropriated9905€-72k€-155k▼
Appropriation of the result
Profit (loss) to be appropriated9906€646k€491k▼
Profit (loss) brought forward from the previous period14P€718k€646k▼
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €151k
Net result €151k after one loss-making year.
31-12
Financial
Equity above €500kEq €594k ▲34.1%
Equity rises from €443k to €594k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
MdH HOLDING
CurrentDirector · since 28-12-2023 · Private limited company · perm. rep.: MOENS DE HASE Joël
28-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2002
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.
Denneboslaan 51 B1180 UkkelGround area
6,048 m²
Building footprint
377 m²
Volume, LiDAR
2,337 m³
2 parcels, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Denneboslaan 51b, 1180 Ukkel
since 20022.098.487.805
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0055/00B068 | Brussels | 4,640 m² | 1 · 76 m² | 10.6 m · 2 fl. |
| 21614H0055/00M071 | Brussels | 1,408 m² | 1 · 301 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0642.490.287
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BE 0755.588.626
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ZORIONN DEVELOPMENT
BE 0892.788.988
Knokke-Heist · Eq €597k
ARTSMART
BE 0690.829.446
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Pianohandel Janssens
BE 0435.088.352
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Of 1,276 companies in sector 47690 we hold annual accounts for 419. 235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-1999
Fiscal year end31-12
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation
43332Laying of wooden floor and wall coverings
43990Other specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
45432
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.