BMB Projects
ActiveSummary
BMB Projects has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €377,846 and a net result of €1.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 94 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+96
Solvency33▲+33
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 15.7% and cash: 0.1% of total assets), and 91.9% of the assets are financed with debt.
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Signals
Six 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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← 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
8.1%
Return on assets
22.1%
Age of the figures
9 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 23% of 94 sector peers (2025).
NBB · sector comparisonPosition among 94 sector peers
Solvency
better than 23%
← weakest
strongest →
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
31 d early
2023
34 d early
2022
32 d early
2021
2 d early
2020
29 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€377,846
2024 · -€900,093
Total assets
€4.7m▲ 360%
2024 · €1.0m
Net result
€1.0m
2024 · -€394,349
Working capital
-€722,961▲ 42.6%
2024 · -€1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€205,327-€236,404▼ 15.1%-€276,795▼ 17.1%-€397,070▼ 43.5%€1.6m
Net result-€208,269below the sector's middle half-€246,541below the sector's middle half▼ 18.4%-€276,096below the sector's middle half▼ 12.0%-€394,349below the sector's middle half▼ 42.8%€1.0mabove the sector's middle half
Equity€16,893below the sector's middle half▼ 92.5%-€229,648below the sector's middle half-€505,744below the sector's middle half▼ 120%-€900,093below the sector's middle half▼ 78.0%€377,846within the sector's middle half
Total assets€2.0mabove the sector's middle half▲ 10.3%€1.7mwithin the sector's middle half▼ 17.0%€1.3mwithin the sector's middle half▼ 21.7%€1.0mwithin the sector's middle half▼ 22.2%€4.7mabove the sector's middle half▲ 360%
Debt€1.9m▲ 19.5%€1.8m▼ 4.1%€1.8m▼ 3.8%€1.9m▲ 7.0%€3.7m▲ 97.9%
Working capital-€862,527below the sector's middle half▲ 44.9%-€922,640below the sector's middle half▼ 7.0%-€1.0mbelow the sector's middle half▼ 11.2%-€1.3mbelow the sector's middle half▼ 22.8%-€722,961below the sector's middle half▲ 42.6%
Solvency0.8%below the sector's middle half▼ 11.5pp-13.8%below the sector's middle half▼ 14.6pp-38.8%below the sector's middle half▼ 25.0pp-88.9%below the sector's middle half▼ 50.0pp8.1%below the sector's middle half▲ 97.0pp
Current ratio0.06below the sector's middle half▲ 0.050.05below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.030.02below the sector's middle half▲ 0.010.01below the sector's middle half▼ 0.01
Return on assets (ROA)-10.4%below the sector's middle half▼ 12.2pp-14.8%below the sector's middle half▼ 4.4pp-21.2%below the sector's middle half▼ 6.4pp-38.9%below the sector's middle half▼ 17.7pp22.1%above the sector's middle half▲ 61.0pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.6m after a loss of €397,070 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.7m ▲ 374%
Current assets
€6,689 ▼ 78.3%
Equity and liabilities €4.7m
Equity
€377,846
Provisions
€564,463
Debt
€3.7m
Debt finances 79.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.7m▲
2024 · -€62,814
Cash flow
€1.1m▲
2024 · -€60,093
Debt to equity
9.84▲
2024 · -2.09
ROE
272.1%
Interest coverage
138.86▲
2024 · -4.43
Debt ≤ 1 year
€729,650▼
2024 · €1.3m
Debt > 1 year
€3.0m▲
2024 · €588,467
Income taxes
€2
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 535 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
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%.
| 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 535 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1.8m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €333,686 | €333,926 | €334,084 | €334,256 | €83,340 | ▼ 75.1% |
| Other operating charges640/8 | €25,218 | €25,634 | €25,022 | - | €2,586 | - |
| Gross operating margin9900 | €153,577 | €123,156 | €82,311 | -€62,814 | €1.7m | ▲ 2,733% |
| Operating profit (loss)9901 | -€205,327 | -€236,404 | -€276,795 | -€397,070 | €1.6m | ▲ 495% |
| Financial income75/76B | - | - | - | - | €2,596 | - |
| Recurring financial income75 | - | - | - | - | €2,596 | - |
| Financial charges65/66B | €19,851 | €19,100 | €16,210 | €14,188 | €11,891 | ▼ 16.2% |
| Recurring financial charges65 | €19,851 | €19,100 | €16,210 | €14,188 | €11,891 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | -€225,178 | -€255,504 | -€293,005 | -€411,258 | €1.6m | ▲ 479% |
| Transfer from deferred taxes780 | €16,909 | €16,909 | €16,909 | €16,909 | €33,818 | ▲ 100.0% |
| Transfer to deferred taxes680 | - | - | - | - | €564,463 | - |
| Income taxes67/77 | - | €7,946 | - | - | €2 | - |
| Profit (loss) for the period9904 | -€208,269 | -€246,541 | -€276,096 | -€394,349 | €1.0m | ▲ 361% |
| Transfer from tax-exempt reserves789 | €50,728 | €50,728 | €50,728 | €50,728 | €101,455 | ▲ 100.0% |
| Transfer to tax-exempt reserves689 | €304,368 | - | - | - | €1.7m | - |
| Profit (loss) for the period to be appropriated9905 | -€461,909 | -€195,812 | -€225,367 | -€343,620 | -€563,996 | ▼ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.7m | €1.3m | €1.0m | €4.7m | ▲ 360% |
| Fixed assets21/28 | €1.9m | €1.6m | €1.3m | €982,084 | €4.7m | ▲ 374% |
| Tangible fixed assets22/27 | €1.9m | €1.6m | €1.3m | €982,084 | €4.7m | ▲ 374% |
| Land and buildings22 | €1.9m | €1.6m | €1.3m | €982,084 | €4.7m | ▲ 374% |
| Plant, machinery and equipment23 | €4,082 | €1,952 | - | - | - | - |
| Current assets29/58 | €57,227 | €44,036 | €16,382 | €30,785 | €6,689 | ▼ 78.3% |
| Amounts receivable within one year40/41 | €13,739 | - | - | €28,092 | €0 | ▼ 100% |
| Trade receivables40 | €4,239 | - | - | - | - | - |
| Other amounts receivable41 | €9,500 | - | - | €28,092 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €43,488 | €44,036 | €16,382 | €2,693 | €6,689 | ▲ 148% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.7m | €1.3m | €1.0m | €4.7m | ▲ 360% |
| Equity10/15 | €16,893 | -€229,648 | -€505,744 | -€900,093 | €377,846 | ▲ 142% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €311,500 | ▲ 407% |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €311,500 | ▲ 407% |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €311,500 | ▲ 407% |
| Reserves13 | €259,790 | €209,062 | €158,333 | €107,605 | €1.7m | ▲ 1,479% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | €253,640 | €202,912 | €152,183 | €101,455 | €1.7m | ▲ 1,569% |
| Profit (loss) carried forward14 | -€304,397 | -€500,210 | -€725,577 | -€1.1m | -€1.6m | ▼ 52.7% |
| Provisions and deferred taxes16 | €84,547 | €67,637 | €50,728 | €33,818 | €564,463 | ▲ 1,569% |
| Deferred taxes168 | €84,547 | €67,637 | €50,728 | €33,818 | €564,463 | ▲ 1,569% |
| Amounts payable17/49 | €1.9m | €1.8m | €1.8m | €1.9m | €3.7m | ▲ 97.9% |
| Amounts payable after more than one year17 | €956,863 | €836,098 | €713,336 | €588,467 | €3.0m | ▲ 408% |
| Financial debts170/4 | €956,863 | €836,098 | €713,336 | €588,467 | €3.0m | ▲ 408% |
| Amounts payable within one year42/48 | €919,753 | €966,676 | €1.0m | €1.3m | €729,650 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | €118,762 | €130,711 | €132,880 | €124,870 | €161,009 | ▲ 28.9% |
| Financial debts43 | €800,737 | €825,737 | €895,737 | €1.1m | €560,500 | ▼ 50.5% |
| Other loans439 | €800,737 | €825,737 | €895,737 | €1.1m | €560,500 | ▼ 50.5% |
| Trade debts44 | €254 | €7,282 | €13,675 | €32,696 | €8,140 | ▼ 75.1% |
| Suppliers440/4 | €254 | €7,282 | €13,675 | €32,696 | €8,140 | ▼ 75.1% |
| Taxes, remuneration and social security45 | - | €2,946 | - | €1,374 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,946 | - | €1,374 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €26,858 | €22,790 | €1,202 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€208,269 | -€246,541 | -€276,096 | -€394,349 | €1.0m | ▲ 361% |
| + Depreciation and write-downs630 | €333,686 | €333,926 | €334,084 | €334,256 | €83,340 | ▼ 75.1% |
| Operating cash flow (approximation) | €125,417 | €87,385 | €57,989 | -€60,093 | €1.1m | ▲ 1,949% |
| Investment in fixed assets (approximation) | - | -€5,756 | €0 | -€30,908 | -€3.8m | ▼ 12,051% |
| Change in cash | - | €548 | -€27,654 | -€13,689 | €3,996 | ▲ 129% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
State Gazette act
Resignations: KENIS Joannes Alfons Maria (director) and SCHOLS Joël (director)Appointments: LinqUp (director) and ROELENS Peter (managing director) · Permanent representative: CRAUWELS Nico · Reappointment: ROELENS Peter (director)11 facts ▸
State Gazette act
Resignations: KENIS Joannes Alfons Maria (director) and SCHOLS Joël (director)
Appointments: LinqUp (director) and ROELENS Peter (managing director) · Permanent representative: CRAUWELS Nico · Reappointment: ROELENS Peter (director)11 facts ▸
- General meeting, 9 december 2025
- Capital increase, €250.000
- Capital, €311.500
- Bank account, 8 december 2025
- Director resignation, KENIS Joannes Alfons Maria (director)
- Director resignation, SCHOLS Joël (director)
- Director appointment, LinqUp (director)
- Permanent representative, CRAUWELS Nico
- Director reappointment, ROELENS Peter (director)
- Director appointment, ROELENS Peter (managing director)
- Power of attorney, A&B - VANDELANOTTE
2025
31-12
Financial
Back to profitnet €1.0m
Net result €1.0m after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €377,846
Equity rises from -€900,093 to €377,846.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€394,349
Net result drops to -€394,349, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €225,161 ▲16.7%
3 profitable years in a row build equity to €225,161.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 1 in day-to-day management, last change in 2025
Board 2
LinqUp
CurrentDirector · since 24-06-2025 · Public limited company · perm. rep.: CRAUWELS Nico
ROELENS Peter
CurrentDirector · since 24-06-2025
Day-to-day management 1
ROELENS Peter
CurrentManaging director · since 24-06-2025
Permanent representatives 1
CRAUWELS Nico
CurrentPermanent representative · since 24-06-2025 · for LinqUp
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2008
Ground area
2,378 m²
Building footprint
882 m²
Volume, LiDAR
3,137 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
NW Projects
since 20082.174.893.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0088/00X000 | Flanders | 1,691 m² | 1 · 659 m² | - |
| 12403D0088/00V000 | Flanders | 687 m² | 1 · 223 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
4 people since 2025, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| LinqUp |
|
| ROELENS Peter |
|
| KENIS Joannes Alfons Maria |
|
| SCHOLS Joël |
|
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
TELEMATROX
via ROELENS Peter · Director
→
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 31-03-2026 ↗
- ROELENS Peter 1,000 shares · 250,000 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 31-03-2026 Capital increase of 250,000 EUR · to 311,500 EUR · 1,000 new shares
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Of 1,372 companies in sector 61100 we hold annual accounts for 590. 357 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-10-2008
Fiscal year end31-12
Legal name NL
NW Projects
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
68203Renting and operating of own or leased non-residential real estate, excluding land
77330Rental and leasing activities
81100Combined facilities support activities
82990Other business support services
Contact
E-mail
elise.deboosere@belnot.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807286953
Registered
09-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.