P&D Projects
ActiveSummary
P&D Projects has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193,569 and a net result of €19,350. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 6.82 against 5.47 in 2024; short-term debt: 14.3% and cash: 9.5% of total assets), and 14.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
85.5%
Return on assets
8.5%
Age of the figures
15 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
on the day
2023
on the day
2022
85 d late
2021
on the day
2020
5 d early
2019
22 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 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€193,569▲ 11.1%
2024 · €174,219
Total assets
€226,365▲ 7.1%
2024 · €211,416
Net result
€19,350▼ 12.0%
2024 · €21,999
Working capital
€188,961▲ 17.6%
2024 · €160,658
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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-€513€8,141€53,286▲ 555%€28,845▼ 45.9%€34,544▲ 19.8%
Net result-€3,170below the sector's middle half€860below the sector's middle half€35,717within the sector's middle half▲ 4,052%€21,999within the sector's middle half▼ 38.4%€19,350within the sector's middle half▼ 12.0%
Equity€136,038within the sector's middle half▼ 2.3%€116,503within the sector's middle half▼ 14.4%€152,220within the sector's middle half▲ 30.7%€174,219within the sector's middle half▲ 14.5%€193,569within the sector's middle half▲ 11.1%
Total assets€374,474within the sector's middle half▲ 52.3%€179,435within the sector's middle half▼ 52.1%€205,833within the sector's middle half▲ 14.7%€211,416within the sector's middle half▲ 2.7%€226,365within the sector's middle half▲ 7.1%
Debt€238,436▲ 123%€62,932▼ 73.6%€53,613▼ 14.8%€37,197▼ 30.6%€32,796▼ 11.8%
Working capital€116,485within the sector's middle half▲ 0.7%€100,232within the sector's middle half▼ 14.0%€142,958above the sector's middle half▲ 42.6%€160,658above the sector's middle half▲ 12.4%€188,961above the sector's middle half▲ 17.6%
Solvency36.3%within the sector's middle half▼ 20.3pp64.9%within the sector's middle half▲ 28.6pp74.0%within the sector's middle half▲ 9.0pp82.4%above the sector's middle half▲ 8.5pp85.5%above the sector's middle half▲ 3.1pp
Current ratio1.50within the sector's middle half▼ 0.682.61within the sector's middle half▲ 1.113.71within the sector's middle half▲ 1.095.47above the sector's middle half▲ 1.776.82above the sector's middle half▲ 1.34
Return on assets (ROA)-0.8%below the sector's middle half▼ 10.4pp0.5%below the sector's middle half▲ 1.3pp17.4%within the sector's middle half▲ 16.9pp10.4%within the sector's middle half▼ 6.9pp8.5%within the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226,365
Fixed assets
€4,928 ▼ 66.8%
Current assets
€221,437 ▲ 12.7%
Equity and liabilities €226,365
Equity
€193,569 ▲ 11.1%
Debt
€32,796 ▼ 11.8%
Debt's share of the balance-sheet total falls from 17.6% to 14.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,887▲
2024 · €34,043
Cash flow
€23,693▼
2024 · €27,196
Debt to equity
0.17▼
2024 · 0.21
ROE
10.0%▼
2024 · 12.6%
Interest coverage
120.00▲
2024 · 18.58
Debt ≤ 1 year
€32,476▼
2024 · €35,901
Income taxes
€6,863▼
2024 · €7,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | - | €6,279 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,806 | €12,360 | €7,782 | €5,198 | €4,343 | ▼ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€345 | €0 | €17,054 | - |
| Other operating charges640/8 | - | €11,587 | €3,184 | €1,663 | €1,186 | ▼ 28.7% |
| Gross operating margin9900 | €14,632 | €32,088 | €63,907 | €35,706 | €57,127 | ▲ 60.0% |
| Operating profit (loss)9901 | -€513 | €8,141 | €53,286 | €28,845 | €34,544 | ▲ 19.8% |
| Financial income75/76B | - | €23 | €145 | €2,111 | €1,968 | ▼ 6.8% |
| Recurring financial income75 | €789 | €23 | €145 | €2,111 | €1,968 | ▼ 6.8% |
| Financial charges65/66B | - | €6,104 | €1,899 | €1,832 | €10,299 | ▲ 462% |
| Recurring financial charges65 | €2,798 | €6,104 | €1,899 | €1,832 | €324 | ▼ 82.3% |
| Non-recurring financial charges66B | - | - | - | - | €9,975 | - |
| Profit (loss) for the period before taxes9903 | -€2,521 | €2,060 | €51,532 | €29,124 | €26,213 | ▼ 10.0% |
| Income taxes67/77 | €648 | €1,200 | €15,815 | €7,125 | €6,863 | ▼ 3.7% |
| Profit (loss) for the period9904 | -€3,170 | €860 | €35,717 | €21,999 | €19,350 | ▼ 12.0% |
| Profit (loss) for the period to be appropriated9905 | -€3,170 | €860 | €35,717 | €21,999 | €19,350 | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374,474 | €179,435 | €205,833 | €211,416 | €226,365 | ▲ 7.1% |
| Fixed assets21/28 | €25,515 | €17,056 | €10,079 | €14,856 | €4,928 | ▼ 66.8% |
| Tangible fixed assets22/27 | €25,015 | €16,556 | €9,579 | €4,381 | €4,428 | ▲ 1.1% |
| Plant, machinery and equipment23 | - | €7,841 | €4,362 | €1,591 | €3,528 | ▲ 122% |
| Furniture and vehicles24 | - | €8,715 | €5,217 | €2,790 | €899 | ▼ 67.8% |
| Financial fixed assets28 | €500 | €500 | €500 | €10,475 | €500 | ▼ 95.2% |
| Current assets29/58 | €348,958 | €162,379 | €195,754 | €196,559 | €221,437 | ▲ 12.7% |
| Amounts receivable after more than one year29 | - | - | - | €46,200 | €170,550 | ▲ 269% |
| Other amounts receivable291 | - | - | - | €46,200 | €170,550 | ▲ 269% |
| Stocks and contracts in progress3 | €199,519 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €83,747 | €23,173 | €73,205 | €59,486 | €28,131 | ▼ 52.7% |
| Trade receivables40 | - | €9,763 | €60,146 | €50,182 | €17,054 | ▼ 66.0% |
| Other amounts receivable41 | - | €13,410 | €13,059 | €9,305 | €11,077 | ▲ 19.0% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €63,056 | €138,199 | €118,785 | €37,339 | €21,516 | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | €1,007 | €3,764 | €3,534 | €1,240 | ▼ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374,474 | €179,435 | €205,833 | €211,416 | €226,365 | ▲ 7.1% |
| Equity10/15 | €136,038 | €116,503 | €152,220 | €174,219 | €193,569 | ▲ 11.1% |
| Contributions10/11 | - | €18,550 | €18,550 | €500 | €500 | = |
| Reserves13 | €120,657 | €100,263 | €133,670 | €173,719 | €193,069 | ▲ 11.1% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | - | €98,408 | €131,815 | €173,719 | €193,069 | ▲ 11.1% |
| Profit (loss) carried forward14 | -€3,170 | -€2,310 | €0 | - | - | - |
| Amounts payable17/49 | €238,436 | €62,932 | €53,613 | €37,197 | €32,796 | ▼ 11.8% |
| Amounts payable after more than one year17 | €4,251 | €315 | €0 | - | - | - |
| Financial debts170/4 | - | €315 | €0 | - | - | - |
| Amounts payable within one year42/48 | €232,473 | €62,147 | €52,796 | €35,901 | €32,476 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | - | €3,936 | €315 | €0 | - | - |
| Trade debts44 | €77,667 | €42,668 | €8,665 | €7,486 | €21,561 | ▲ 188% |
| Suppliers440/4 | - | €42,668 | €8,665 | €7,486 | €21,561 | ▲ 188% |
| Taxes, remuneration and social security45 | - | €1,200 | €15,829 | €12,692 | €8,626 | ▼ 32.0% |
| Taxes450/3 | - | €1,200 | €15,829 | €12,692 | €8,626 | ▼ 32.0% |
| Other amounts payable47/48 | - | €14,343 | €27,987 | €15,724 | €2,289 | ▼ 85.4% |
| Accrued charges and deferred income492/3 | - | €470 | €817 | €1,296 | €320 | ▼ 75.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,170 | €860 | €35,717 | €21,999 | €19,350 | ▼ 12.0% |
| + Depreciation and write-downs630 | €11,806 | €12,360 | €7,782 | €5,198 | €4,343 | ▼ 16.4% |
| Operating cash flow (approximation) | €8,637 | €13,221 | €43,499 | €27,196 | €23,693 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | -€3,901 | -€805 | -€9,975 | €5,586 | ▲ 156% |
| Change in cash | - | €75,143 | -€19,414 | -€81,446 | -€15,823 | ▲ 80.6% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €35,717 ▲4,052%
Operating result €53,286, net result €35,717, both a record.
30-06
Financial
Equity above €150,000Eq €152,220 ▲30.7%
2 profitable years in a row build equity to €152,220.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
30-06
Financial
Back to profitnet €860
Net result €860 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€3,170
Net result drops to -€3,170, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-01
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.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Mechelen · 1 establishment unit since 2013
Ground area
1.2 ha
Building footprint
3,021 m²
Volume, LiDAR
15,366 m³
Parcel 12402A0089/00C000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
P & D Projects
since 20132.220.169.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0089/00C000 | Flanders | 1.2 ha | 1 · 3,021 m² | 7.3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
- Powering Foils B.V.NLSourceown accounts 30-06-202550%
According to the annual accounts to 30-06-2025 of P&D Projects and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2013
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534927086
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.