Per4mance Projects
ActiveSummary
The computed 12-month bankruptcy probability of Per4mance Projects is 3.1% (moderate). The 2024 annual accounts show equity of €48k and a net result of €38k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability90▲+8
Solvency46▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.0 in 2023; short-term debt: 55.4% and cash: 4.9% of total assets), and 78.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
16.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
154 d early
2022
48 d early
2021
47 d early
2020
54 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€48k▼ 27.1%
2023 · €66k
2019: €32klowest in 6 years
2020: €75k▲ +136% vs 2019
2021: €78k▲ +3.4% vs 2020highest in 6 years
2022: €36k▼ -53.8% vs 2021
2023: €66k▲ +84.4% vs 2022
2024: €48k▼ -27.1% vs 2023
2019 → 2024
Total assets
€229k▼ 18.6%
2023 · €281k
2019: €85klowest in 6 years
2020: €112k▲ +31.4% vs 2019
2021: €332k▲ +196% vs 2020highest in 6 years
2022: €277k▼ -16.6% vs 2021
2023: €281k▲ +1.4% vs 2022
2024: €229k▼ -18.6% vs 2023
2019 → 2024
Net result
€38k▲ 25.2%
2023 · €30k
2019: €29k
2020: €45k▲ +57.8% vs 2019highest in 6 years
2021: €3k▼ -94.3% vs 2020
2022: €-42k▼ -1734% vs 2021lowest in 6 years
2023: €30k▲ +173% vs 2022
2024: €38k▲ +25.2% vs 2023
2019 → 2024
Working capital
€-16k
2023 · €635
2019: €-9k
2020: €39k▲ +558% vs 2019highest in 6 years
2021: €26k▼ -33.1% vs 2020
2022: €-26k▼ -199% vs 2021lowest in 6 years
2023: €635▲ +102% vs 2022
2024: €-16k▼ -2613% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€75k-€78k▲ 3.4%€36k▼ 53.8%€66k▲ 84.4%€48k▼ 27.1%
2020: €75k
2021: €78k▲ +3.4% vs 2020highest in 5 years
2022: €36k▼ -53.8% vs 2021lowest in 5 years
2023: €66k▲ +84.4% vs 2022
2024: €48k▼ -27.1% vs 2023
Operating result€64k-€7k▼ 88.7%€-36k€37k€54k▲ 47.3%
2020: €64khighest in 5 years
2021: €7k▼ -88.7% vs 2020
2022: €-36k▼ -602% vs 2021lowest in 5 years
2023: €37k▲ +202% vs 2022
2024: €54k▲ +47.3% vs 2023
Net result€45k-€3k▼ 94.3%€-42k€30k€38k▲ 25.2%
2020: €45khighest in 5 years
2021: €3k▼ -94.3% vs 2020
2022: €-42k▼ -1734% vs 2021lowest in 5 years
2023: €30k▲ +173% vs 2022
2024: €38k▲ +25.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 47% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229k
Fixed assets
€118k ▼ 16.3%
Current assets
€111k ▼ 20.9%
Equity and liabilities €229k
Equity
€48k ▼ 27.1%
Debt
€180k ▼ 16.0%
Debt's share of the balance-sheet total rises from 76.3% to 78.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79k▲
2023 · €61k
Cash flow
€63k▲
2023 · €55k
Current ratio
0.87▼
2023 · 1.00
Debt to equity
3.72▲
2023 · 3.22
ROE
78.6%▲
2023 · 45.8%
ROA
16.7%▲
2023 · 10.8%
Interest coverage
15.07▲
2023 · 6.75
Debt ≤ 1 year
€127k▼
2023 · €139k
Debt > 1 year
€53k▼
2023 · €75k
Income taxes
€11k▲
2023 · €170
Staff costs
€4k▲
2023 · €3k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€281k€229k▼
Formation expenses20-€0
Fixed assets21/28€141k€118k▼
Intangible fixed assets21€120k€100k▼
Tangible fixed assets22/27€17k€14k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€140k€111k▼
Amounts receivable within one year40/41€52k€95k▲
Trade receivables40€52k€89k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€84k€11k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€281k€229k▼
Equity10/15€66k€48k▼
Contributions10/11€5k€5k=
Reserves13€70k€43k▼
Distributable reserves133€70k€43k▼
Profit (loss) carried forward14€-9k-
Amounts payable17/49€214k€180k▼
Amounts payable after more than one year17€75k€53k▼
Financial debts170/4€75k€53k▼
Amounts payable within one year42/48€139k€127k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Financial debts43€75k€9k▼
Credit institutions430/8€75k€9k▼
Trade debts44€30k€28k▼
Suppliers440/4€30k€28k▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€4k€315▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€3k€61k▲
Income statement
Code20232024
Remuneration, social security and pensions62€3k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€65k€84k▲
Operating profit (loss)9901€37k€54k▲
Financial income75/76B€3k€517▼
Recurring financial income75€3k€517▼
Financial charges65/66B€9k€5k▼
Recurring financial charges65€9k€5k▼
Profit (loss) for the period before taxes9903€31k€49k▲
Income taxes67/77€170€11k▲
Profit (loss) for the period9904€30k€38k▲
Profit (loss) for the period to be appropriated9905€30k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€29k▲
Profit (loss) brought forward from the previous period14P€-39k€-9k▲
Transfer from equity791/2-€27k
Profit to be distributed694/7-€56k
Return on contributions (dividend)694-€56k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Remuneration, social security and pensions62 | - | €3k | €4k | €3k | €4k | ▲ 41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €21k | €25k | €24k | €25k | ▲ 1.4% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▼ 3.8% |
| Gross operating margin9900 | €76k | €32k | €-6k | €65k | €84k | ▲ 28.9% |
| Operating profit (loss)9901 | €64k | €7k | €-36k | €37k | €54k | ▲ 47.3% |
| Financial income75/76B | - | €3k | €2k | €3k | €517 | ▼ 82.4% |
| Recurring financial income75 | €1 | €3k | €2k | €3k | €517 | ▼ 82.4% |
| Financial charges65/66B | - | €6k | €8k | €9k | €5k | ▼ 42.2% |
| Recurring financial charges65 | €961 | €6k | €8k | €9k | €5k | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €63k | €4k | €-42k | €31k | €49k | ▲ 61.2% |
| Income taxes67/77 | €18k | €2k | €173 | €170 | €11k | ▲ 6,524% |
| Profit (loss) for the period9904 | €45k | €3k | €-42k | €30k | €38k | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €45k | €3k | €-42k | €30k | €38k | ▲ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112k | €332k | €277k | €281k | €229k | ▼ 18.6% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €36k | €171k | €158k | €141k | €118k | ▼ 16.3% |
| Intangible fixed assets21 | €27k | €160k | €140k | €120k | €100k | ▼ 16.6% |
| Tangible fixed assets22/27 | €9k | €7k | €15k | €17k | €14k | ▼ 17.5% |
| Plant, machinery and equipment23 | - | €889 | €2k | €8k | €9k | ▲ 1.0% |
| Furniture and vehicles24 | - | €4k | €9k | €6k | €4k | ▼ 35.5% |
| Other tangible fixed assets26 | - | €2k | €3k | €2k | €2k | ▼ 33.8% |
| Financial fixed assets28 | - | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €76k | €161k | €119k | €140k | €111k | ▼ 20.9% |
| Stocks and contracts in progress3 | - | €9k | - | - | - | - |
| Contracts in progress37 | - | €9k | - | - | - | - |
| Amounts receivable within one year40/41 | €42k | €108k | €56k | €52k | €95k | ▲ 83.5% |
| Trade receivables40 | - | €86k | €54k | €52k | €89k | ▲ 73.1% |
| Other amounts receivable41 | - | €22k | €2k | - | €5k | - |
| Cash at bank and in hand54/58 | €34k | €36k | €59k | €84k | €11k | ▼ 86.7% |
| Deferred charges and accrued income490/1 | - | €8k | €3k | €5k | €5k | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112k | €332k | €277k | €281k | €229k | ▼ 18.6% |
| Equity10/15 | €75k | €78k | €36k | €66k | €48k | ▼ 27.1% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €70k | €70k | €70k | €70k | €43k | ▼ 38.3% |
| Distributable reserves133 | - | €70k | €70k | €70k | €43k | ▼ 38.3% |
| Profit (loss) carried forward14 | - | €3k | €-39k | €-9k | - | - |
| Amounts payable17/49 | €37k | €254k | €241k | €214k | €180k | ▼ 16.0% |
| Amounts payable after more than one year17 | - | €119k | €96k | €75k | €53k | ▼ 28.8% |
| Financial debts170/4 | - | €119k | €96k | €75k | €53k | ▼ 28.8% |
| Amounts payable within one year42/48 | €37k | €135k | €144k | €139k | €127k | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €31k | €29k | €23k | €23k | ▲ 1.3% |
| Financial debts43 | - | €50k | €75k | €75k | €9k | ▼ 88.1% |
| Credit institutions430/8 | - | €50k | €75k | €75k | €9k | ▼ 88.1% |
| Trade debts44 | €8k | €45k | €35k | €30k | €28k | ▼ 6.3% |
| Suppliers440/4 | - | €45k | €35k | €30k | €28k | ▼ 6.3% |
| Taxes, remuneration and social security45 | - | €4k | €2k | €8k | €5k | ▼ 40.7% |
| Taxes450/3 | - | €16 | €57 | €4k | €315 | ▼ 91.5% |
| Remuneration and social security454/9 | - | €4k | €2k | €5k | €5k | ▲ 0.6% |
| Other amounts payable47/48 | - | €5k | €4k | €3k | €61k | ▲ 2,048% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €3k | €-42k | €30k | €38k | ▲ 25.2% |
| + Depreciation and write-downs630 | €10k | €21k | €25k | €24k | €25k | ▲ 1.4% |
| Operating cash flow (approximation) | €55k | €23k | €-17k | €55k | €63k | ▲ 14.6% |
| Investment in fixed assets (approximation) | - | €-155k | €-12k | €-7k | €-2k | ▲ 76.7% |
| Change in cash | - | €3k | €23k | €25k | €-72k | ▼ 395% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €45k ▲57.8%
Operating result €64k, net result €45k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.84 to 2.06; short-term debt falls from €53k to €37k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Lokeren · 2 establishment units since 2019
Ground area
4,953 m²
Building footprint
678 m²
Volume, LiDAR
5,359 m³
3 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Per4mance Projects
since 20192.289.585.921
Per4mance Projects
since 20222.329.252.387
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0642/00X000 | Flanders | 3,280 m² | 1 · 349 m² | 15.7 m · 4 fl. |
| 46383D0354/00R000 | Flanders | 887 m² | 1 · 146 m² | 6.5 m · 2 fl. |
| 46383D0354/00D002 | Flanders | 786 m² | 1 · 183 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 102 EUR awarded · 102 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 102 EUR | 102 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Schilderwerken Barbara
BE 0773.474.931
Kuurne · Eq €48,451
BELDECORO
BE 1001.799.568
Rotselaar · Eq €48,544
SCHILDERWERKEN DEN ARTIEST
BE 1002.339.008
Brugge · Eq €48,331
Schilderwerken Cools Stefan
BE 0806.333.779
Sint-Niklaas · Eq €48,315
ARDHO COLORS
BE 1003.127.973
Knokke-Heist · Eq €48,267
Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,309 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43333Wallpapering and laying of floor and wall coverings in other materials
81220Other building cleaning and industrial cleaning
Contact
Website
www.per4mance.be
E-mail
per4mance2009@gmail.com
E-mail
peter@per4mance.beLokeren
Phone
+32476405910Lokeren
Scores and ratios are computed by Checked and are not a credit decision.