PHILIPS PROJECTS
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of PHILIPS PROJECTS is 2.3% (moderate). The 2025 annual accounts show equity of €23,833 and a net result of €2,413. Equity has been growing by about 6.3% per year since 2023. Its solvency ranks better than 17% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
KBO- Status
- Active since 24-01-2023 Normal situation
- Activity
- Plastering work NACE 43310and 4 others
- Establishment unit
- 2.341.605.041 9320 Aalst, since 24-01-2023
- Financial year end
- 30 September
- Peppol
- Reachable since 13-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.3%
- Gross margin
- €77,689
- ▲ 393%
- Turnover
- ≈ €290,000
- estimated
- Profit
- €2,413
- ▲ 739%
- Equity
- €23,833
- ▲ 11.3%
- Total assets
- €162,213
- ▲ 200%
- Staff
- 1 FTE
Score breakdownraises riskFounded in 2023Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.74, cash €855, halvedEquity €23,833 (14.7% of total assets)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 17% of them on solvency, 24% on liquidity, 28% on profitability and 57% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 1 day before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is over 5 times that of 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 and return on assets (ROA).
Comparable companies
These companies have the same main activity as PHILIPS PROJECTS: plastering work (NACE 43310). They are comparable in size and age: total assets between €130,000 and €230,000, founded between 2021 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| PHILIPS PROJECTS Aalst | 2023 | €162,213 | €23,833 | €77,689 | €2,413 | 2025 |
| APB Technics Hulshout | 2022 | €138,649 | €24,037 | €91,728 | €1,806 | 2025 |
| RVC ROMAN Zottegem | 2023 | €130,121 | €44,764 | €61,806 | €29,158 | 2025 |
| Pleisterwerken Van der Aa Lebbeke | 2021 | €161,939 | €51,289 | €69,466 | €20,175 | 2025 |
| VERGAUWEN DAVID Beveren-Kruibeke-Zwijndrecht | 2023 | €230,175 | €91,224 | €77,802 | €34,203 | 2025 |
| PLEISTERWERKEN VERGELS Halle | 2022 | €169,415 | €93,742 | €70,045 | €34,325 | 2025 |
| AYA PRO SRL Ans | 2023 | €143,275 | €41,685 | €82,573 | €30,496 | 2025 |
They were chosen from the 1,677 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 observationIn July 2024, 2,542 companies had the same profile as PHILIPS PROJECTS has now. Two years later, 3.5% had gone bankrupt and 94.9% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PHILIPS PROJECTS itself: 2.3% within 12 months.
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.
| 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 2,542 companies, not a prediction for PHILIPS 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,904 | €53,502 | ▲ 577% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,710 | €5,417 | €11,586 | ▲ 114% |
| Other operating charges640/8 | €485 | €833 | €1,551 | ▲ 86.2% |
| Non-recurring operating charges66A | - | - | €3,000 | - |
| Gross operating margin9900 | €31,849 | €15,753 | €77,689 | ▲ 393% |
| Operating profit (loss)9901 | €27,653 | €1,600 | €8,050 | ▲ 403% |
| Financial income75/76B | €47 | €0 | €108 | ▲ 230× |
| Recurring financial income75 | €47 | €0 | €108 | ▲ 230× |
| Financial charges65/66B | €424 | €710 | €4,371 | ▲ 516% |
| Recurring financial charges65 | €424 | €710 | €4,371 | ▲ 516% |
| Profit (loss) for the period before taxes9903 | €27,276 | €891 | €3,788 | ▲ 325% |
| Income taxes67/77 | €9,144 | €603 | €1,374 | ▲ 128% |
| Profit (loss) for the period9904 | €18,132 | €288 | €2,413 | ▲ 739% |
| Profit (loss) for the period to be appropriated9905 | €18,132 | €288 | €2,413 | ▲ 739% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,141 | €54,159 | €162,213 | ▲ 200% |
| Fixed assets21/28 | €12,540 | €7,123 | €121,715 | ▲ 17× |
| Tangible fixed assets22/27 | €12,540 | €7,123 | €121,715 | ▲ 17× |
| Land and buildings22 | - | - | €104,973 | - |
| Plant, machinery and equipment23 | €3,280 | €1,863 | €13,329 | ▲ 615% |
| Furniture and vehicles24 | €9,260 | €5,260 | €3,414 | ▼ 35.1% |
| Current assets29/58 | €50,601 | €47,036 | €40,498 | ▼ 13.9% |
| Stocks and contracts in progress3 | - | €10,249 | €8,573 | ▼ 16.3% |
| Stocks30/36 | - | €3,255 | €3,970 | ▲ 22.0% |
| Contracts in progress37 | - | €6,994 | €4,603 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €46,967 | €17,476 | €30,346 | ▲ 73.6% |
| Trade receivables40 | €44,669 | €12,438 | €25,779 | ▲ 107% |
| Other amounts receivable41 | €2,298 | €5,038 | €4,567 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €2,878 | €17,915 | €855 | ▼ 95.2% |
| Deferred charges and accrued income490/1 | €756 | €1,397 | €724 | ▼ 48.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,141 | €54,159 | €162,213 | ▲ 200% |
| Equity10/15 | €21,132 | €21,420 | €23,833 | ▲ 11.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €18,132 | €18,420 | €20,833 | ▲ 13.1% |
| Distributable reserves133 | €18,132 | €18,420 | €20,833 | ▲ 13.1% |
| Amounts payable17/49 | €42,009 | €32,739 | €138,380 | ▲ 323% |
| Amounts payable after more than one year17 | - | €3,747 | €83,840 | ▲ 22× |
| Financial debts170/4 | - | €3,747 | €83,840 | ▲ 22× |
| Amounts payable within one year42/48 | €42,009 | €28,992 | €54,513 | ▲ 88.0% |
| Current portion of amounts payable after more than one year42 | - | €1,390 | €6,287 | ▲ 352% |
| Financial debts43 | - | - | €7 | - |
| Credit institutions430/8 | - | - | €7 | - |
| Trade debts44 | €19,752 | €19,799 | €38,559 | ▲ 94.7% |
| Suppliers440/4 | €19,752 | €19,799 | €38,559 | ▲ 94.7% |
| Taxes, remuneration and social security45 | €13,844 | €7,732 | €5,002 | ▼ 35.3% |
| Taxes450/3 | €9,144 | €6,235 | €1,365 | ▼ 78.1% |
| Remuneration and social security454/9 | €4,700 | €1,497 | €3,637 | ▲ 143% |
| Other amounts payable47/48 | €8,413 | €71 | €4,658 | ▲ 66× |
| Accrued charges and deferred income492/3 | - | - | €28 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,132 | €288 | €2,413 | ▲ 739% |
| + Depreciation and write-downs630 | €3,710 | €5,417 | €11,586 | ▲ 114% |
| Operating cash flow (approximation) | €21,842 | €5,704 | €13,999 | ▲ 145% |
| Investment in fixed assets (approximation) | - | €0 | -€126,178 | - |
| Change in cash | - | €15,036 | -€17,059 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- PHILIPS Jordy 100 shares (100%) · €3,000
Capital transactions
- 26-01-2023 Incorporation · €3,000 · 100 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling en vereffeningsaldo, 100”
Articles of association, deed of 26-01-2023 (in Dutch)
Network & group
PHILIPS PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PHILIPS PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-01
Gazette deed
IncorporationAppointment: PHILIPS Jordy (director) · Permanent representative: PHILIPS Jordy · Founder11 points ▸
- Founder, PHILIPS Jordy (comparant)
- Incorporation, “PHILIPS PROJECTS” (deed in Dutch)
- Founding capital, €3,000
- Bank account, 19-01-2023
- Other provision, “Wetboek van vennootschappen en verenigingen, deponering-bevestiging” (deed in Dutch)
- Registered office clause, “9320 Nieuwerkerken,Kantonstraat 43” (deed in Dutch)
- Board rule, 1
- Director appointment, PHILIPS Jordy (director (not named in the articles))
- Permanent representative, PHILIPS Jordy
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Power of attorney, Gilles VAN OUDENHOVE
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202532 activities
- Gevelwerken;
- Sierpleisterwerken en stukadoorswerken;
- Isolatiewerken;
- Algemene ruwbouw werken;
- Voegwerken;
- Plaatsen vloeren en wandtegels;
- Grondverzet, grond- en afbraakwerken;
- Landschapsverzorging, aanleg- en onderhoud van tuinen en landschappen met aan- en verkoop van planten en bomen, materieel en materiaal voor tuin- en landschapsverzorging;
- Plaatsten van afsluitingen, weideafsluitingen, houtconstructies, tuinhuizen, carports en speeltuigen;
- Aanleggen van terrassen, in- en uitritten in hout, betonklinkers, hardsteen, dolomiet en of grind;
- Riolerings-en drainagewerken;
- Aanleggen van vijvers en zwembaden;
- Verkoop van buitenplanten, potgrond, boomschors, meststoffen, houtconstructies, brandhout, bouwmaterialen en zaden;
- Funderingswerken;
- Verhuur machines voor tuin en bouwnijverheid;
- Algemeen aannemingswerken;
- Omgevingswerken;
- Houtconstructies;
- Chapewerken;
- Dakwerken;
- Staalconstructies;
- De volledige afwerking van gebouwen, in de ruimste zin van het woord;
- Monteren/fabricage van zelfvaardigde metalen constructiewerken;
- Diverse klusjes;
- Projectontwikkeling m.b.t. onroerende goederen;
- Het bouwen, verbouwen, inrichten, totaal afwerkingen van gebouwen – woningen;
- Het renoveren van woningen met verkoop of verhuur aansluitend;
- Overige werkzaamheden in verband met de afwerking van gebouwen;
- Tussenpersoon in de handel;
- Het uitoefenen van alle managements-, consulting- en beheersactiviteiten;
- Het organiseren, ondersteunen en uitvoeren van projectmanagement, projectleiding, organisatieadvies;
- Tussenpersoon in de handel;
Invoicing and payment
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 0797.560.130
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41047A0585/00H002 | Flanders | 1,902 m² | 1 · 254 m² | 8.1 m · 2 |