PdN Projects
Annual accounts 2025
micro format, filed on 18-08-2026, 18 days lateTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €555,050 on 31-12-2025in euro
Position in the sector
-22.0%
Higher than 10% of 17,190 companies in 2025.
0.82
Higher than 38% of 16,487 companies in 2025.
-12.5%
Higher than 9% of 16,866 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
555,050 | 122,780 | 70,525 | 71,513 | 71,441 | 69,088 | 61,358 | 34,393 | |
20 |
- | - | - | - | 350 | 700 | 1,050 | 1,400 | |
29/58 |
555,050 | 122,780 | 70,525 | 71,513 | 71,091 | 68,388 | 60,308 | 32,993 | |
3 |
549,838 | 121,262 | 70,244 | 70,244 | 70,244 | 65,965 | 55,842 | 32,242 | |
30/36 |
549,838 | 121,262 | 70,244 | 70,244 | 70,244 | 65,965 | 55,842 | 32,242 | |
40/41 |
5,213 | 1,518 | 273 | 1,269 | 723 | 2,131 | 651 | 640 | |
41 |
5,213 | 1,518 | 273 | 1,269 | 723 | 2,131 | 651 | 640 | |
54/58 |
- | - | 8 | - | 124 | 292 | 3,815 | 111 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
555,050 | 122,780 | 70,525 | 71,513 | 71,441 | 69,088 | 61,358 | 34,393 | |
10/15 |
-122,326 | -52,950 | -18,114 | -16,357 | -14,665 | -5,343 | 2,522 | 4,868 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | 6,200 | 6,200 | 6,200 | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
14 |
-128,526 | -59,150 | -24,314 | -22,557 | -20,865 | -11,543 | -3,678 | -1,332 | |
17/49 |
677,376 | 175,730 | 88,639 | 87,870 | 86,106 | 74,431 | 58,836 | 29,525 | |
42/48 |
677,376 | 175,730 | 88,639 | 87,870 | 86,106 | 74,431 | 58,836 | 29,525 | |
43 |
- | - | - | 1 | - | 10,158 | - | - | |
430/8 |
- | - | - | 1 | - | 10,158 | - | - | |
44 |
14,597 | 369 | 1,636 | 1,573 | 2,631 | 1,573 | 1,936 | - | |
440/4 |
14,597 | 369 | 1,636 | 1,573 | 2,631 | 1,573 | 1,936 | - | |
47/48 |
662,780 | 175,360 | 87,003 | 86,296 | 83,475 | 62,700 | 56,900 | 29,525 | |
| Income statement | |||||||||
76A |
5,000 | - | - | - | - | - | - | - | |
9900 |
-58,271 | -34,301 | -1,711 | -1,300 | -1,703 | -1,702 | -1,868 | -853 | |
630 |
- | - | - | 350 | 350 | 350 | 350 | 350 | |
640/8 |
400 | 387 | - | - | - | - | - | - | |
9901 |
-58,671 | -34,689 | -1,711 | -1,650 | -2,053 | -2,052 | -2,218 | -1,203 | |
75/76B |
3,012 | - | - | - | - | - | - | - | |
75 |
3,012 | - | - | - | - | - | - | - | |
65/66B |
13,716 | 147 | 46 | 42 | 7,269 | 5,813 | 128 | 129 | |
65 |
13,716 | 147 | 46 | 42 | 7,269 | 5,813 | 128 | 129 | |
9903 |
-69,376 | -34,836 | -1,757 | -1,692 | -9,322 | -7,865 | -2,346 | -1,332 | |
9904 |
-69,376 | -34,836 | -1,757 | -1,692 | -9,322 | -7,865 | -2,346 | -1,332 | |
9905 |
-69,376 | -34,836 | -1,757 | -1,692 | -9,322 | -7,865 | -2,346 | -1,332 | |
| Appropriation of the result | |||||||||
9906 |
-128,526 | -59,150 | -24,314 | -22,557 | -20,865 | -11,543 | -3,678 | -1,332 | |
14P |
-59,150 | -24,314 | -22,557 | -20,865 | -11,543 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 3 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 18-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403652.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00403652 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00385778 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00325665 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00334397 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20381080 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69700503 | |
| 31-12-2019 | micro format | 05-08-2020 | 2020-39400251 | |
| 31-12-2018 | micro format | 03-09-2019 | 2019-61900377 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| - | - | - | -1,300 | -1,703 | -1,702 | -1,868 | -853 | ||
| - | - | - | -1,342 | -8,972 | -7,515 | -1,996 | -982 | ||
| - | - | - | 0 | 0 | 0 | 0 | - | ||
| - | - | - | - | -168 | -3,523 | 3,704 | - | ||
| -122,326 | -52,950 | -18,114 | -16,357 | -15,015 | -6,043 | 1,472 | 3,468 | ||
| -22.0% | -43.1% | -25.7% | -22.9% | -20.5% | -7.7% | 4.1% | 14.2% | ||
| 0.82 | 0.70 | 0.80 | 0.81 | 0.83 | 0.92 | 1.03 | 1.12 | ||
| 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.03 | 0.08 | 0.03 | ||
| - | - | - | - | - | - | 23.33 | 6.07 | ||
| - | - | - | - | - | - | -93.0% | -27.4% | ||
| -12.5% | -28.4% | -2.5% | -2.4% | -13.0% | -11.4% | -3.8% | -3.9% | ||
| - | - | - | -30.95 | -0.23 | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on PdN Projects
The operating result for 2025 is a loss of €58,671, larger than the loss of €34,689 in 2024. It is the lowest result since 2018.
Equity is negative. Debt (€677,376) exceeds the balance-sheet total (€555,050).