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PB PROJECTS

Active
Private limited companyfounded 2014active for 12 yearsHeide 119, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0546.835.520

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 24-07-2026 at the NBB all 11 filings

Turnover
≈ €100,000
Estimated: probably between €91,000 and €140,000
Total assets
€2.2m▲ 5.6%
2024 · €2.0m
Net result
€16,812▼ 78.2%
2024 · €76,954
Working capital
€89,351▼ 1.5%
2024 · €90,745
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 70% lower than in 2024.

Operating result€0.04m 2025 Net result€0.02m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.01m▼ 59.5%€0.006m▼ 41.1%€0.01m▲ 100%€0.02m▲ 44.8%€0.03m▲ 82.0%€0.1m▲ 274%€0.04m▼ 70.0%
Net result€0.02m-€0.005m▼ 67.9%€0.001mbelow the sector's middle half▼ 75.1%€0.007mwithin the sector's middle half▲ 398%€0.01mwithin the sector's middle half▲ 70.9%€0.02mwithin the sector's middle half▲ 72.5%€0.08mabove the sector's middle half▲ 287%€0.02mwithin the sector's middle half▼ 78.2%
Equity€0.06m-€0.04m▼ 29.7%€0.04mwithin the sector's middle half▲ 3.1%€0.05mwithin the sector's middle half▲ 15.1%€0.04mwithin the sector's middle half▼ 21.4%€0.06mwithin the sector's middle half▲ 49.3%€1.9mabove the sector's middle half▲ 32×€2.0mabove the sector's middle half▲ 0.9%
Total assets€0.1m-€0.08m▼ 29.4%€0.08mwithin the sector's middle half▲ 3.6%€0.09mwithin the sector's middle half▲ 12.0%€0.1mwithin the sector's middle half▲ 9.9%€0.2mwithin the sector's middle half▲ 71.4%€2.0mabove the sector's middle half▲ 12×€2.2mabove the sector's middle half▲ 5.6%
Debt€0.05m-€0.03m▼ 29.0%€0.03m▲ 4.2%€0.04m▲ 7.8%€0.06m▲ 54.1%€0.1m▲ 87.4%€0.1m▼ 3.2%€0.2m▲ 95.8%
Working capital€0.05m-€0.03m▼ 41.7%€0.04mwithin the sector's middle half▲ 33.2%€0.04mwithin the sector's middle half▼ 0.3%€0.03mwithin the sector's middle half▼ 30.2%€0.03mwithin the sector's middle half▲ 4.9%€0.09mwithin the sector's middle half▲ 225%€0.09mwithin the sector's middle half▼ 1.5%
Solvency57.5%-57.2%▼ 0.2pp57.0%within the sector's middle half▼ 0.2pp58.6%within the sector's middle half▲ 1.6pp41.9%within the sector's middle half▼ 16.7pp36.5%within the sector's middle half▼ 5.4pp95.0%above the sector's middle half▲ 58.5pp90.8%above the sector's middle half▼ 4.2pp
Current ratio2.08-1.89▼ 0.192.34within the sector's middle half▲ 0.452.10within the sector's middle half▼ 0.241.61within the sector's middle half▼ 0.481.42within the sector's middle half▼ 0.202.20within the sector's middle half▲ 0.781.65within the sector's middle half▼ 0.55
Return on assets (ROA)15.8%-7.2%▼ 8.6pp1.7%below the sector's middle half▼ 5.5pp7.7%within the sector's middle half▲ 6.0pp12.0%within the sector's middle half▲ 4.3pp12.1%within the sector's middle half▲ 0.1pp3.8%below the sector's middle half▼ 8.3pp0.8%below the sector's middle half▼ 3.0pp
Staff (FTE)0.6-1▲ 66.7%1within the sector's middle half=
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
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
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €1.9m ▲ 2.8%
Current assets €227,483 ▲ 36.7%
Equity and liabilities €2.2m
Equity €2.0m ▲ 0.9%
Debt €198,367 ▲ 95.8%
Debt's share of the balance-sheet total rises from 5.0% to 9.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€50,611▼
2024 · €138,555
Cash flow
€30,061▼
2024 · €91,115
Debt to equity
0.10▲
2024 · 0.05
ROE
0.9%▼
2024 · 4.0%
Interest coverage
7.79▼
2024 · 36.35
Debt ≤ 1 year
€138,132▲
2024 · €75,686
Debt > 1 year
€60,005▲
2024 · €25,619
Income taxes
€16,242▼
2024 · €44,531
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item2022202320242025
Tangible fixed assets€14,476€54,025€16,291€84,865
Financial fixed assets--€1.8m-
Depreciation and write-downs of the year€2,442€10,436€14,160€13,249

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as PB PROJECTS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2m and €2.8m, founded between 2012 and 2015.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
PB PROJECTS Sint-Truiden2014€2.2m€2.0m€0.05m-€0.02m-2025
KSDC Gent2014€2.0m€1.9m€0.05m-€0.3m-2025
GO GREEN IMMO Watermaal-Bosvoorde2013€2.1m-€0.1m€0.05m--€0.1m-2025
CHRONOS FINANCIAL Haaltert2012€2.2m€1.4m€0.05m-€0.003m02025
GBV Nieuwerkerken (Limb.)2012€2.6m€2.4m€0.06m-€0.06m-2025
Xplore Group Commerce Kontich2015€2.3m€1.7m€0.07m€0.08m€0.2m-2025
81B Invest Liège2013€2.8m€1.9m€0.06m-€0.5m-2025

They were chosen from the 18,968 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.0m€2.2m▲
Fixed assets21/28€1.9m€1.9m▲
Tangible fixed assets22/27€0.07m€0.1m▲
Land and buildings22-€0.07m
Plant, machinery and equipment23€0.009m€0.007m▼
Furniture and vehicles24€0.06m€0.04m▼
Financial fixed assets28€1.8m€1.8m=
Current assets29/58€0.2m€0.2m▲
Amounts receivable within one year40/41€0.06m€0.2m▲
Trade receivables40€0.06m€0.08m▲
Other amounts receivable41€33€0.09m▲
Cash at bank and in hand54/58€0.1m€0.05m▼
Deferred charges and accrued income490/1€0.002m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.2m▲
Equity10/15€1.9m€2.0m▲
Contributions10/11€1.8m€1.8m=
Reserves13€0.1m€0.1m▲
Distributable reserves133€0.1m€0.1m▲
Amounts payable17/49€0.1m€0.2m▲
Amounts payable after more than one year17€0.03m€0.06m▲
Financial debts170/4€0.03m€0.06m▲
Amounts payable within one year42/48€0.08m€0.1m▲
Current portion of amounts payable after more than one year42€0.01m€0.03m▲
Trade debts44€0.003m€0.03m▲
Suppliers440/4€0.003m€0.03m▲
Taxes, remuneration and social security45€0.06m€0.07m▲
Taxes450/3€0.06m€0.07m▲
Remuneration and social security454/9-€0.004m
Other amounts payable47/48€0.005m€0.004m▼
Accrued charges and deferred income492/3-€230
Income statement Code20242025
Non-recurring operating income76A-€0.008m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.01m▼
Other operating charges640/8€0.002m€0.003m▲
Gross operating margin9900€0.1m€0.05m▼
Operating profit (loss)9901€0.1m€0.04m▼
Financial income75/76B€0.001m€0.002m▲
Recurring financial income75€0.001m€0.002m▲
Financial charges65/66B€0.004m€0.006m▲
Recurring financial charges65€0.004m€0.006m▲
Profit (loss) for the period before taxes9903€0.1m€0.03m▼
Income taxes67/77€0.04m€0.02m▼
Profit (loss) for the period9904€0.08m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.08m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.08m€0.02m▼
Transfer to equity691/2€0.08m€0.02m▼
To other reserves6921€0.08m€0.02m▼

The notes to these accounts have 9 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€7,580-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,773€5,847€3,084€3,105€2,442€10,436€14,160€13,249▼ 6.4%
Other operating charges640/8----€3,275€6,832€2,210€3,234▲ 46.3%
Gross operating margin9900€58,480€54,431€41,547€18,194€23,982€50,509€140,765€53,844▼ 61.7%
Operating profit (loss)9901€26,442€10,698€6,302€12,617€18,265€33,241€124,395€37,362▼ 70.0%
Financial income75/76B----€52-€903€2,187▲ 142%
Recurring financial income75€0€437€542-€52-€903€2,187▲ 142%
Financial charges65/66B----€620€4,575€3,812€6,495▲ 70.4%
Recurring financial charges65€1,101€878€925€631€620€4,575€3,812€6,495▲ 70.4%
Profit (loss) for the period before taxes9903€25,341€10,257€5,918€11,986€17,697€28,667€121,485€33,054▼ 72.8%
Income taxes67/77€8,459€4,832€4,565€5,249€6,186€8,806€44,531€16,242▼ 63.5%
Profit (loss) for the period9904€16,882€5,425€1,353€6,737€11,511€19,861€76,954€16,812▼ 78.2%
Profit (loss) for the period to be appropriated9905€16,882€5,425€1,353€6,737€11,511€19,861€76,954€16,812▼ 78.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.1m€0.08m€0.08m€0.09m€0.1m€0.2m€2.0m€2.2m▲ 5.6%
Fixed assets21/28€0.01m€0.01m€0.01m€0.01m€0.03m€0.07m€1.9m€1.9m▲ 2.8%
Tangible fixed assets22/27€0.01m€0.01m€0.01m€0.01m€0.03m€0.07m€0.07m€0.1m▲ 73.4%
Land and buildings22-------€0.07m-
Plant, machinery and equipment23----€0.002m€0.003m€0.009m€0.007m▼ 22.1%
Furniture and vehicles24----€0.02m€0.07m€0.06m€0.04m▼ 29.1%
Financial fixed assets28------€1.8m€1.8m=
Current assets29/58€0.09m€0.06m€0.07m€0.07m€0.07m€0.09m€0.2m€0.2m▲ 36.7%
Amounts receivable within one year40/41€0.06m€0.03m€0.04m€0.02m€0.03m€0.08m€0.06m€0.2m▲ 158%
Trade receivables40----€0.02m€0.08m€0.06m€0.08m▲ 23.0%
Other amounts receivable41----€0.005m-€33€0.09m▲ 2,562×
Cash at bank and in hand54/58€0.03m€0.02m€0.02m€0.05m€0.04m€0.008m€0.1m€0.05m▼ 49.6%
Deferred charges and accrued income490/1----€0.003m€0.005m€0.002m€0.01m▲ 519%
Equity and liabilities
Total equity and liabilities10/49€0.1m€0.08m€0.08m€0.09m€0.1m€0.2m€2.0m€2.2m▲ 5.6%
Equity10/15€0.06m€0.04m€0.04m€0.05m€0.04m€0.06m€1.9m€2.0m▲ 0.9%
Contributions10/11€0.006m€0.02m--€0.02m€0.02m€1.8m€1.8m=
Reserves13€0.06m€0.02m€0.03m€0.03m€0.02m€0.04m€0.1m€0.1m▲ 14.2%
Non-distributable reserves130/1----€0.002m----
Reserves not available under the articles1311----€0.002m----
Distributable reserves133----€0.02m€0.04m€0.1m€0.1m▲ 14.2%
Amounts payable17/49€0.05m€0.03m€0.03m€0.04m€0.06m€0.1m€0.1m€0.2m▲ 95.8%
Amounts payable after more than one year17--€0.005m€0.002m€0.01m€0.04m€0.03m€0.06m▲ 134%
Financial debts170/4----€0.01m€0.04m€0.03m€0.06m▲ 134%
Amounts payable within one year42/48€0.05m€0.03m€0.03m€0.03m€0.04m€0.07m€0.08m€0.1m▲ 82.5%
Current portion of amounts payable after more than one year42----€0.002m€0.01m€0.01m€0.03m▲ 187%
Trade debts44€0.02m€0.008m€0.003m€0.004m€0.02m€0.01m€0.003m€0.03m▲ 11×
Suppliers440/4----€0.02m€0.01m€0.003m€0.03m▲ 11×
Taxes, remuneration and social security45----€0.03m€0.04m€0.06m€0.07m▲ 23.7%
Taxes450/3----€0.02m€0.03m€0.06m€0.07m▲ 16.1%
Remuneration and social security454/9----€0.005m€0.01m-€0.004m-
Other amounts payable47/48-----€0.006m€0.005m€0.004m▼ 21.4%
Accrued charges and deferred income492/3-------€230-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.02m€0.005m€0.001m€0.007m€0.01m€0.02m€0.08m€0.02m▼ 78.2%
+ Depreciation and write-downs630€0.006m€0.006m€0.003m€0.003m€0.002m€0.01m€0.01m€0.01m▼ 6.4%
Operating cash flow (approximation)€0.02m€0.01m€0.004m€0.01m€0.01m€0.03m€0.09m€0.03m▼ 67.0%
Investment in fixed assets (approximation)--€0.008m€0-€0.006m-€0.01m-€0.05m-€1.8m-€0.07m▲ 96.4%
Change in cash--€0.01m€0.002m€0.03m-€0.009m-€0.03m€0.09m-€0.05m-

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

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-07-2026 2026-00327256 NBB
31-12-2024 micro format 02-07-2025 2025-00221381 PDF
31-12-2023 micro format 02-05-2024 2024-00078853 PDF
31-12-2022 micro format 29-03-2023 2023-00047652 PDF
31-12-2021 micro format 24-03-2022 2022-08400139 PDF
31-12-2020 micro format 29-03-2021 2021-08700022 PDF
31-12-2019 micro format 13-07-2020 2020-28800175 PDF
31-12-2018 micro format 30-07-2019 2019-40700038 PDF
31-12-2017 micro format 30-07-2018 2018-41400060 PDF
31-12-2016 micro format 01-08-2017 2017-40100399 PDF

Show all 11 filings

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