Losses
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €1.2m falls due within a year.
Lower net result than 92% of companies in real estate. Sector median €5,854 · 19,790 companies.
In July 2024, 911 companies had the same profile as PDC PROJECTS has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 911 companies, not a prediction for PDC 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| PDC PROJECTS Gistel | €1.3m | €11,784 | 7.9% | - |
| De Lombaert Kortrijk | €1.5m | €9,253 | 45.4% | - |
| ENDUVA Brussels | €1.3m | €20,069 | 32.8% | - |
| POLYGONIA Mouscron | €1.3m | €9,468 | -46.1% | - |
| BDVC Lochristi | €1.3m | €20,889 | 56.7% | - |
| IMMO CHÂTEAU DE PLAINEVAUX Flémalle | €1.5m | €15,131 | -13.7% | - |
| Projectontwikkeling Carron Roeselare | €1.1m | €9,575 | -0.8% | - |
These companies have the same main activity as PDC PROJECTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.1m and €1.5m, founded between 2009 and 2014.
PDC PROJECTS files the micro format. That format states no turnover. The gross margin fell from €32,781 in 2012 to €11,784 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €49,000. Estimated: probably between €24,000 and €150,000.
Higher than 29% of 19,803 companies in 2025.
Higher than 43% of 18,977 companies in 2025.
Higher than 17% of 19,446 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
1.3m | 1.0m | 1.0m | 896,592 | 60,245 | 84,078 | 285,722 | 561,177 | 117,122 | 36,175 | 170,914 | 419,629 | 469,860 | 207,639 | |
21/28 |
159,331 | 167,714 | 166,622 | 139,718 | - | - | - | - | - | - | - | 1,200 | 1,200 | 1,200 | |
22/27 |
159,331 | 167,714 | 166,622 | 139,718 | - | - | - | - | - | - | - | - | - | - | |
22 |
127,048 | 131,271 | 135,494 | 139,718 | - | - | - | - | - | - | - | - | - | - | |
23 |
32,283 | 36,443 | 31,128 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | 1,200 | 1,200 | 1,200 | |
29/58 |
1.1m | 833,408 | 859,323 | 756,875 | 60,245 | 84,078 | 285,722 | 561,177 | 117,122 | 36,175 | 170,914 | 418,429 | 468,660 | 206,439 | |
3 |
908,798 | 804,423 | 743,484 | 743,484 | - | - | 251,115 | 357,737 | 109,762 | 28,303 | 168,700 | 243,400 | 143,500 | - | |
30/36 |
908,798 | 804,423 | 743,484 | 743,484 | - | - | 251,115 | 357,737 | 109,762 | 28,303 | 168,700 | 243,400 | 143,500 | - | |
40/41 |
17,011 | 13,744 | 29,481 | 5,043 | 1,723 | 3,912 | 17,910 | 13,176 | 6,594 | 2,120 | 1,765 | 6,651 | 4,956 | 7,363 | |
40 |
- | - | - | - | - | - | 210 | - | - | - | - | - | - | 750 | |
41 |
17,011 | 13,744 | 29,481 | 5,043 | 1,723 | 3,912 | 17,700 | 13,176 | 6,594 | 2,120 | 1,765 | 6,651 | 4,956 | 6,613 | |
54/58 |
218,182 | 15,241 | 86,358 | 8,347 | 58,522 | 80,166 | 16,697 | 190,264 | 766 | 5,752 | 450 | 167,537 | 320,204 | 199,076 | |
490/1 |
3,055 | - | - | - | - | - | - | - | - | - | - | 841 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
1.3m | 1.0m | 1.0m | 896,592 | 60,245 | 84,078 | 285,722 | 561,177 | 117,122 | 36,175 | 170,914 | 419,629 | 469,860 | 207,639 | |
10/15 |
103,291 | -87,125 | -13,646 | 29,511 | 55,780 | 61,589 | 19,374 | -19,973 | -9,616 | 6,782 | -315,713 | -139,822 | -17,292 | 36,037 | |
10/11 |
268,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-167,169 | -107,585 | -34,106 | 9,051 | 35,320 | 41,129 | -1,086 | -40,433 | -30,076 | -13,678 | -336,173 | -160,282 | -37,752 | 15,577 | |
17/49 |
1.2m | 1.1m | 1.0m | 867,081 | 4,465 | 22,489 | 266,348 | 581,150 | 126,738 | 29,393 | 486,628 | 559,451 | 487,152 | 171,602 | |
42/48 |
1.2m | 1.1m | 1.0m | 865,811 | 4,465 | 22,489 | 266,348 | 581,150 | 126,663 | 29,318 | 486,628 | 552,383 | 480,901 | 171,602 | |
42 |
- | - | 3,630 | - | - | - | - | - | - | - | - | - | - | - | |
43 |
956,500 | 956,500 | 956,500 | 756,500 | - | - | 108,000 | 490,000 | - | - | 150,000 | 100,000 | - | - | |
430/8 |
756,500 | 756,500 | 756,500 | 756,500 | - | - | 108,000 | 490,000 | - | - | 150,000 | 100,000 | - | - | |
439 |
200,000 | 200,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
61,944 | 27,932 | 28,282 | 1,286 | 2,653 | 5,000 | 5,167 | 1,137 | 11,259 | 2,643 | 8,232 | 122,143 | 21,094 | - | |
440/4 |
61,944 | 27,932 | 28,282 | 1,286 | 2,653 | 5,000 | 5,167 | 1,137 | 11,259 | 2,643 | 8,232 | 122,143 | 21,094 | - | |
46 |
- | - | - | - | - | - | - | - | - | - | 12,750 | - | 206,854 | - | |
45 |
- | 1,356 | 909 | - | - | 15,690 | 41,362 | - | - | 2,988 | 5,916 | 46,340 | 23,053 | 30,062 | |
450/3 |
- | 1,356 | 909 | - | - | 15,690 | 41,362 | - | - | 2,988 | 4,127 | 46,340 | 23,053 | 30,062 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | 1,790 | - | - | - | |
47/48 |
182,419 | 100,266 | 48,125 | 108,025 | 1,812 | 1,799 | 111,819 | 90,013 | 115,405 | 23,686 | 309,730 | 283,900 | 229,900 | 141,540 | |
492/3 |
2,223 | 2,194 | 2,145 | 1,270 | - | - | - | - | 75 | 75 | - | 7,068 | 6,251 | - | |
| Income statement | |||||||||||||||
9900 |
11,784 | 11,316 | -806 | -5,091 | -5,104 | 58,561 | 50,699 | -5,292 | -16,071 | 334,539 | -156,660 | -82,774 | -7,725 | 32,781 | |
630 |
8,382 | 8,248 | 5,348 | 7,359 | - | - | - | - | - | - | - | - | - | 800 | |
640/8 |
28,279 | 28,210 | 3,502 | 4,018 | 127 | 251 | 213 | 350 | 246 | 193 | 192 | 199 | 727 | 170 | |
9901 |
-24,878 | -25,141 | -9,657 | -16,468 | -5,231 | 58,310 | 50,486 | -5,642 | -16,317 | 334,346 | -156,852 | -82,973 | -8,451 | 31,811 | |
75/76B |
2 | 10 | 150 | - | 0 | - | - | 146 | - | 19 | 6 | 45 | 80 | 32 | |
75 |
2 | 10 | 150 | - | 0 | - | - | 146 | - | 19 | 6 | 45 | 80 | 32 | |
65/66B |
34,708 | 48,348 | 33,651 | 9,801 | 578 | 515 | 7,981 | 4,861 | 81 | 11,869 | 19,044 | 39,602 | 44,958 | 5,879 | |
65 |
34,708 | 48,348 | 33,651 | 9,801 | 578 | 515 | 7,981 | 4,861 | 81 | 11,869 | 19,044 | 39,602 | 44,958 | 5,879 | |
9903 |
-59,584 | -73,479 | -43,157 | -26,269 | -5,809 | 57,795 | 42,505 | -10,357 | -16,398 | 322,496 | -175,890 | -122,530 | -53,329 | 25,964 | |
67/77 |
- | - | - | - | - | 15,580 | 3,159 | - | - | - | 1 | - | - | 8,527 | |
9904 |
-59,584 | -73,479 | -43,157 | -26,269 | -5,809 | 42,215 | 39,347 | -10,357 | -16,398 | 322,496 | -175,892 | -122,530 | -53,329 | 17,437 | |
9905 |
-59,584 | -73,479 | -43,157 | -26,269 | -5,809 | 42,215 | 39,347 | -10,357 | -16,398 | 322,496 | -175,892 | -122,530 | -53,329 | 17,437 | |
| Appropriation of the result | |||||||||||||||
9906 |
-167,169 | -107,585 | -34,106 | 9,051 | 35,320 | 41,129 | -1,086 | -40,433 | -30,076 | -13,678 | -336,173 | -160,282 | -37,752 | 17,437 | |
14P |
-107,585 | -34,106 | 9,051 | 35,320 | 41,129 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
| Document | |||||||||||||||
The notes to these accounts have 4 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.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00294693 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00228812 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00243326 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00249727 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20193573 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48400473 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31300568 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46800523 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30600169 | |
| 31-12-2016 | micro format | 21-08-2017 | 2017-47200108 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-37900351 | |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-25000528 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-54000080 | |
| 31-12-2012 | abbreviated format | 26-08-2013 | 2013-46900503 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -16,496 | -16,894 | -4,308 | -9,109 | - | - | - | - | - | - | - | - | - | 32,611 | ||
| -51,201 | -65,232 | -37,809 | -18,909 | - | - | - | - | - | - | - | - | - | 18,237 | ||
| 0 | 9,339 | 32,253 | 147,077 | - | - | - | - | - | - | - | - | - | 2,000 | ||
| 202,941 | -71,117 | 78,011 | -50,175 | -21,644 | 63,468 | -173,567 | 189,498 | -4,986 | 5,303 | -167,088 | -152,666 | 121,128 | - | ||
| -53,817 | -252,645 | -178,123 | -108,936 | 55,780 | 61,589 | 19,374 | -19,973 | -9,541 | 6,857 | -315,713 | -133,953 | -12,241 | 34,837 | ||
| 7.9% | -8.7% | -1.3% | 3.3% | 92.6% | 73.3% | 6.8% | -3.6% | -8.2% | 18.7% | -184.7% | -33.3% | -3.7% | 17.4% | ||
| 0.96 | 0.77 | 0.83 | 0.87 | 13.49 | 3.74 | 1.07 | 0.97 | 0.92 | 1.23 | 0.35 | 0.76 | 0.97 | 1.20 | ||
| 0.20 | 0.03 | 0.11 | 0.02 | 13.49 | 3.74 | 0.13 | 0.35 | 0.06 | 0.27 | 0.00 | 0.32 | 0.68 | 1.20 | ||
| 11.65 | - | - | 29.38 | 0.08 | 0.37 | 13.75 | - | - | 4.33 | - | - | - | 4.76 | ||
| -57.7% | - | - | -89.0% | -10.4% | 68.5% | 203.1% | - | - | - | - | - | - | 48.4% | ||
| -4.6% | -7.3% | -4.2% | -2.9% | -9.6% | 50.2% | 13.8% | -1.8% | -14.0% | 891.5% | -102.9% | -29.2% | -11.4% | 8.4% | ||
| -0.48 | -0.35 | -0.13 | -0.93 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €9,339 | €32,253 | €147,077 | - |
| €8,382 | €8,248 | €5,348 | €7,359 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €24,878, smaller than the loss of €25,141 in 2024.
Debt's share of the balance-sheet total is 92.1%.
PDC PROJECTS has no parent and no holdings in its annual accounts. is the only director. PDC PROJECTS shares no director with another company.
| PDC LINGERIE
registered office since 28-08-2008 · founded in 2008 |
3.7 FTE (2025) 0806.086.925 |
| PATRICK DECLERCK ELECTRONICS
registered office since 14-07-2004 · founded in 2004 |
1 FTE (2025) 0865.962.352 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Oostendse Baan 47 registered office 8470 Gistel 43120 Site preparation | 10-08-2011 | 2.201.235.648 |
| 29-10-2024 | Granted | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 08-07-2024 · project 2024069774 | Gistel |
| 15-11-2022 | Granted | Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden submitted 05-09-2022 · project 2022113076 | Gistel |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35005D0771/00T002 | 2,468 m² | 1 · 688 m² | 9.5 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0837.903.024
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