Debts
Of this, €63,594 falls due within a year.
Of this, €63,594 falls due within a year.
The 2025 accounts came latest: 31 days after the end of the period.
Less equity than 83% of companies in specialised construction. Sector median €57,691 · 35,148 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 16% of them on solvency, 5% on liquidity, 36% on profitability and 42% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 2,542 companies had the same profile as PRO JECTION has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PRO JECTION itself: 3.6% within 12 months.
The method was tested on the 497,448 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 PRO JECTION. 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.
The company filed its last 3 accounts on average 29 days after 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.
| Company | ||||
|---|---|---|---|---|
| PRO JECTION Pepinster | €73,387 | €14,403 | 13.2% | - |
| ISOCASA Esneux | €104,339 | €10,176 | 29.9% | - |
| PROXSI SERVICES Vaux-sur-Sûre | €66,707 | €19,314 | 51.5% | - |
| ISOBATI'S Tienen | €75,644 | €22,815 | 44.0% | - |
| DRIE GROEP Liedekerke | €73,550 | €10,851 | 38.7% | - |
| WE COVER Zaventem | €93,761 | €17,211 | -13.1% | 1 |
| ISO-ENERGY Schaerbeek | €54,718 | €17,842 | 90.6% | - |
These companies have the same main activity as PRO JECTION: insulation installation (NACE 43230). They are comparable in size and age: total assets between €54,700 and €104,000, founded between 2022 and 2024.
PRO JECTION files the micro format. That format states no turnover. The gross margin rose from €5,403 in 2023 to €14,403 in 2025.
In June 2023, the Official Gazette published the appointment of DESSAUCY Jonathan Giancarlo Joëlle Luigi as managing director.
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 ≈ €130,000. Estimated: probably between €77,000 and €310,000.
Higher than 16% of 35,136 companies in 2025.
Higher than 16% of 34,510 companies in 2025.
Higher than 25% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
73,387 | 98,481 | 62,387 | |
21/28 |
19,571 | 33,421 | 35,498 | |
22/27 |
19,571 | 33,421 | 35,498 | |
23 |
18,756 | 26,606 | 32,683 | |
24 |
815 | 6,815 | 2,815 | |
29/58 |
53,816 | 65,060 | 26,889 | |
3 |
9,811 | - | - | |
30/36 |
9,811 | - | - | |
40/41 |
38,636 | 52,423 | 12,129 | |
40 |
36,751 | 51,677 | 12,129 | |
41 |
1,886 | 746 | - | |
54/58 |
2,653 | 10,542 | 14,760 | |
490/1 |
2,716 | 2,096 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
73,387 | 98,481 | 62,387 | |
10/15 |
9,705 | 9,433 | 5,551 | |
10/11 |
7,200 | 7,200 | 7,200 | |
14 |
2,505 | 2,233 | -1,649 | |
17/49 |
63,682 | 89,048 | 56,836 | |
42/48 |
63,594 | 89,048 | 56,836 | |
42 |
0 | 2,954 | - | |
43 |
21,480 | 34,212 | - | |
439 |
21,480 | 34,212 | - | |
44 |
37,476 | 45,162 | 6,660 | |
440/4 |
37,476 | 45,162 | 6,660 | |
45 |
1,740 | 4,693 | 121 | |
450/3 |
1,740 | 1,693 | 121 | |
454/9 |
0 | 3,000 | - | |
47/48 |
2,899 | 2,028 | 50,054 | |
492/3 |
87 | - | - | |
| Income statement | ||||
9900 |
14,403 | 16,200 | 5,403 | |
630 |
8,850 | 9,427 | 4,502 | |
640/8 |
3,818 | 462 | 2,437 | |
9901 |
1,736 | 6,311 | -1,536 | |
75/76B |
195 | 6 | - | |
75 |
195 | 6 | - | |
65/66B |
1,498 | 1,828 | 113 | |
65 |
1,498 | 1,828 | 113 | |
9903 |
432 | 4,489 | -1,649 | |
67/77 |
160 | 607 | - | |
9904 |
272 | 3,882 | -1,649 | |
9905 |
272 | 3,882 | -1,649 | |
| Appropriation of the result | ||||
9906 |
2,505 | 2,233 | -1,649 | |
14P |
2,233 | -1,649 | - | |
| Document | ||||
The notes to these accounts have 16 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00461139.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 10,586 | 15,738 | 2,966 | ||
| 9,122 | 13,309 | 2,853 | ||
| 0 | 7,350 | 43,000 | ||
| -7,889 | -4,218 | - | ||
| -9,778 | -23,988 | -29,947 | ||
| 13.2% | 9.6% | 8.9% | ||
| 0.85 | 0.73 | 0.47 | ||
| 0.69 | 0.73 | 0.47 | ||
| 6.56 | 9.44 | 10.24 | ||
| 2.8% | 41.2% | -29.7% | ||
| 0.4% | 3.9% | -2.6% | ||
| 7.07 | 8.61 | 26.33 |
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 |
|---|---|---|---|
| Tangible fixed assets | - | €7,350 | €43,000 |
| Financial fixed assets | €0 | - | - |
| €8,850 | €9,427 | €4,502 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 72% lower than in 2024.
Debt's share of the balance-sheet total falls from 90.4% to 86.8%. Equity is higher and debt is lower.
PRO JECTION has no parent and no holdings in its annual accounts. DESSAUCY Jonathan Giancarlo Joëlle Luigi is the only director.
| Dessaucy, Jonathan (sole trader)
establishment since 01-10-2014 |
founded in 2014 0562.938.906 |
| CASH GO via KAIRIS Christian Marc René Jacques Ghislain, at PRO JECTION until 2025 · Gérant unique non statutaire · deed of 23-11-2017 Bankrupt |
|
| REBOND via KAIRIS Christian Marc René Jacques Ghislain, at PRO JECTION until 2025 · Permanent representative · deed of 18-10-2019 founded in 1996 |
total assets €221,714 (2025) |
The network starts from the earlier ties.
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
PRO JECTION was incorporated on 9 June 2023 as a private limited company by three natural persons, with a starting capital of €7,200.12 DESSAUCY Jonathan Giancarlo Joëlle Luigi is administrateur non statutaire formant collège of the company, appointed by deed of 13-06-2023.2 Total assets rose from €62,387 in 2023 to €73,387 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue Louis Biérin 8 registered office 4860 Pepinster | ||
| Rue des Sorbiers 38 4800 Verviers | 09-06-2023 | 2.347.239.454 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63576A0171/00H006 | 922 m² | 1 · 101 m² | 8.5 m · 2 |
| 63452D0404/00Z005 | 381 m² | 1 · 73 m² | 10.8 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 0802.594.430
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