P & F PROJECTS
ActiveSummary
P & F PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €-6k. Equity is growing by ~76.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-57
Solvency67▼-33
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 93.14 against 34.23 in 2024; short-term debt: 1.1% and cash: 4.3% of total assets), but 57.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 20-05-2026, 72 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
72 d early
2024
71 d early
2023
70 d early
2022
75 d early
2021
73 d early
2020
67 d early
2019
66 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€360k▼ 1.5%
2024 · €366k
2018: €11k
2019: €13k
2020: €30k
2021: €146k
2022: €135k
2023: €330k
2024: €366k
2018 → 2025
Total assets
€849k▲ 125%
2024 · €377k
2018: €14k
2019: €121k
2020: €362k
2021: €457k
2022: €770k
2023: €583k
2024: €377k
2018 → 2025
Net result
€-6k
2024 · €36k
2018: €2k
2019: €3k
2020: €17k
2021: €116k
2022: €-12k
2023: €195k
2024: €36k
2018 → 2025
Working capital
€832k▲ 135%
2024 · €354k
2018: €11k
2019: €95k
2020: €331k
2021: €444k
2022: €749k
2023: €476k
2024: €354k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€135k▼ 7.9%€330k▲ 145%€366k▲ 10.9%€360k▼ 1.5%
Operating result€163k-€2k▼ 98.8%€279k▲ 14,656%€52k▼ 81.3%€1k▼ 97.2%
Net result€116k-€-12k€195k€36k▼ 81.5%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €849k
Fixed assets
€8k ▼ 33.3%
Current assets
€841k ▲ 131%
Equity and liabilities €849k
Equity
€360k ▼ 1.5%
Debt
€488k ▲ 4,487%
Debt's share of the balance-sheet total rises from 2.8% to 57.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €56k
Cash flow
€-2k▼
2024 · €40k
Current ratio
93.14▲
2024 · 34.23
Quick ratio
4.63▼
2024 · 14.67
Debt to equity
1.36▲
2024 · 0.03
ROE
-1.6%▼
2024 · 9.9%
ROA
-0.7%▼
2024 · 9.6%
Interest coverage
0.77▼
2024 · 14.05
Debt ≤ 1 year
€9k▼
2024 · €11k
Debt > 1 year
€476k
Income taxes
€-13▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€377k€849k▲
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€12k€8k▼
Furniture and vehicles24€12k€8k▼
Financial fixed assets28€500€500=
Current assets29/58€364k€841k▲
Stocks and contracts in progress3€208k€799k▲
Stocks30/36€208k€799k▲
Amounts receivable within one year40/41€11k€5k▼
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€144k€37k▼
Deferred charges and accrued income490/1€615€636▲
Equity and liabilities
Total equity and liabilities10/49€377k€849k▲
Equity10/15€366k€360k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€358k€352k▼
Amounts payable17/49€11k€488k▲
Amounts payable after more than one year17-€476k
Financial debts170/4-€200k
Other amounts payable178/9-€276k
Amounts payable within one year42/48€11k€9k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Other amounts payable47/48€5k€6k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€692€520▼
Gross operating margin9900€57k€6k▼
Operating profit (loss)9901€52k€1k▼
Financial income75/76B€47-
Recurring financial income75€47-
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€48k€-6k▼
Income taxes67/77€12k€-13▼
Profit (loss) for the period9904€36k€-6k▼
Profit (loss) for the period to be appropriated9905€36k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€358k€352k▼
Profit (loss) brought forward from the previous period14P€322k€358k▲
The notes to these accounts (6 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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 93.14
Current ratio from 34.23 to 93.14; short-term debt falls from €11k to €9k.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 34.23
Current ratio from 6.15 to 34.23; short-term debt falls from €92k to €11k.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €195k
Net result €195k after one loss-making year.
31-12
Financial
Equity above €200kEq €330k ▲145%
Equity rises from €135k to €330k.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-12k ▼110%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 35.13
Current ratio from 11.84 to 35.13; short-term debt falls from €31k to €13k.
31-12
Financial
Equity above €100kEq €146k ▲386%
4 profitable years in a row build equity to €146k.
Show earlier events
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 11.84
Current ratio from 4.70 to 11.84.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Essen · 1 establishment unit since 2016
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.
Moerkantsebaan 222910 EssenGround area
754 m²
Building footprint
166 m²
Volume, LiDAR
1,215 m³
Parcel 11016E0630/00G000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
P & F PROJECTS
since 20162.253.716.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016E0630/00G000 | Flanders | 754 m² | 1 · 166 m² | 11.5 m · 3 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.
Similar companies · same sector, comparable size
IMMO GPI
BE 0696.858.391
Namur · Eq €360,446
Estemat
BE 0836.046.166
Brugge · Eq €360,120
HANSOUL & THONON
BE 0649.700.852
Faimes · Eq €360,070
DIKIFIN
BE 0749.725.272
Kapellen · Eq €360,623
NICK VERWIMP PROJECTBOUW
BE 0682.862.776
Blankenberge · Eq €360,628
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43240Other construction installation
43320Joinery installation
43332Laying of wooden floor and wall coverings
43350Other building finishing work
46831Wholesale of construction materials, general range
46836Wholesale trade
46842Wholesale trade
47522Retail trade
47527Retail trade
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@oltz-wellness.be