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P-PROJECTS

Active
Private limited companyfounded 2024active for 2 yearsCannersstraat 5, 3670 Oudsbergen, BelgiumKBO/BCE: BE 1012.001.988

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-06-2026 at the NBB

Turnover
≈ €110,000
Estimated: probably between €83,000 and €160,000
Total assets
€107,813
Net result
€15,936
Working capital
-€17,363

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €107,813
Fixed assets €92,974
Current assets €14,840
Equity and liabilities €107,813
Equity €18,936
Debt €88,877
Debt's share of the balance-sheet total is 82.4%.
Key figures and ratios
2025 value
EBITDA
€37,058
Cash flow
€32,061
Current ratio
0.46
Debt to equity
4.69
ROE
84.2%
ROA
14.8%
Interest coverage
44.38
Debt ≤ 1 year
€32,202
Debt > 1 year
€56,672
Income taxes
€4,163

Comparable companies

These companies have the same main activity as P-PROJECTS: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €86,400 and €149,000, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
P-PROJECTS Oudsbergen2024€107,813€18,936€39,346€15,9362025
GW Solutions Bilzen-Hoeselt2024€148,701€44,326€34,246€43,3262025
Architectuur by Mélanie Halen2024€88,600€51,275€29,654€20,1652025
RYOLIET Heusden-Zolder2023€87,775€75,512€48,162€35,7222025
Lauren Uylebroeck Architect Aalter2024€86,362€41,342€42,653€20,5182025
C2 Zele2024€90,355€56,884€36,550€24,3312025
CEMRY Oudergem2024€93,227€60,091€34,135€27,1192025

They were chosen from the 6,489 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 7,976 companies had the same profile as P-PROJECTS has now. Two years later, 3.6% had gone bankrupt and 94.3% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% was still going

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of P-PROJECTS itself is lower: 0.4% within 12 months. It rests on far more data about P-PROJECTS than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 7,976 companies, not a prediction for P-PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Flemish government

2024 · 1 entry · €130 awarded · €130 paid
Schemes
1 entry · €130 · €130 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 43 lines

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€107,813
Fixed assets21/28€92,974
Tangible fixed assets22/27€92,974
Land and buildings22€70,000
Plant, machinery and equipment23€5,707
Furniture and vehicles24€17,267
Current assets29/58€14,840
Amounts receivable within one year40/41€4,699
Trade receivables40€4,682
Other amounts receivable41€17
Cash at bank and in hand54/58€7,829
Deferred charges and accrued income490/1€2,312
Equity and liabilities
Total equity and liabilities10/49€107,813
Equity10/15€18,936
Contributions10/11€3,000
Reserves13€15,936
Distributable reserves133€15,936
Amounts payable17/49€88,877
Amounts payable after more than one year17€56,672
Financial debts170/4€56,672
Amounts payable within one year42/48€32,202
Current portion of amounts payable after more than one year42€5,439
Trade debts44€3,494
Suppliers440/4€3,494
Taxes, remuneration and social security45€5,706
Taxes450/3€5,706
Other amounts payable47/48€17,563
Accrued charges and deferred income492/3€3
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,125
Other operating charges640/8€2,288
Gross operating margin9900€39,346
Operating profit (loss)9901€20,933
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€835
Recurring financial charges65€835
Profit (loss) for the period before taxes9903€20,098
Income taxes67/77€4,163
Profit (loss) for the period9904€15,936
Profit (loss) for the period to be appropriated9905€15,936
Appropriation of the result
Profit (loss) to be appropriated9906€15,936
Transfer to equity691/2€15,936
To other reserves6921€15,936

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,125
Other operating charges640/8€2,288
Gross operating margin9900€39,346
Operating profit (loss)9901€20,933
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€835
Recurring financial charges65€835
Profit (loss) for the period before taxes9903€20,098
Income taxes67/77€4,163
Profit (loss) for the period9904€15,936
Profit (loss) for the period to be appropriated9905€15,936
Line2025
Assets
Total assets20/58€107,813
Fixed assets21/28€92,974
Tangible fixed assets22/27€92,974
Land and buildings22€70,000
Plant, machinery and equipment23€5,707
Furniture and vehicles24€17,267
Current assets29/58€14,840
Amounts receivable within one year40/41€4,699
Trade receivables40€4,682
Other amounts receivable41€17
Cash at bank and in hand54/58€7,829
Deferred charges and accrued income490/1€2,312
Equity and liabilities
Total equity and liabilities10/49€107,813
Equity10/15€18,936
Contributions10/11€3,000
Reserves13€15,936
Distributable reserves133€15,936
Amounts payable17/49€88,877
Amounts payable after more than one year17€56,672
Financial debts170/4€56,672
Amounts payable within one year42/48€32,202
Current portion of amounts payable after more than one year42€5,439
Trade debts44€3,494
Suppliers440/4€3,494
Taxes, remuneration and social security45€5,706
Taxes450/3€5,706
Other amounts payable47/48€17,563
Accrued charges and deferred income492/3€3
Line2025
Profit (loss) for the period9904€15,936
+ Depreciation and write-downs630€16,125
Operating cash flow (approximation)€32,061

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-06-2026 2026-00216242 NBB

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