PROJECT
The computed 12-month bankruptcy probability of PROJECT is 0.1% (very low). The 2025 annual accounts show equity of €93k and a net result of €-18k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 4653 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €93k |
| Net result | €-18k |
| Better than sector | 79% |
| Active | 35 yrs |
Mixed profile: strong on solvency, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.8% | 55.0% | |
| Net result | €-18k | €38k | |
| Equity | €93k | €64k | |
| Gross operating margin | €-12k | €61k | |
| Total assets | €114k | €145k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €15k |
| EBITDA | €-13k |
| Net profit | €-18k |
| Cash flow | €-13k |
| Staff costs | - |
| Income taxes | €162 |
| Dividends | - |
| Total assets | €114k |
| Equity | €93k |
| Debt | €21k |
| of which ≤ 1y | €20k |
| of which > 1y | - |
| Working capital | €48k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 3.40 |
| Quick ratio | 3.40 |
| Working capital ratio | 41.8% |
| Solvency | 81.8% |
| Debt / equity | 0.22 |
| Long-term debt ratio | - |
| Interest coverage | -189.30 |
| Gross margin | -86.9% |
| Net margin | -119.5% |
| ROA | -16.2% |
| ROE | -19.8% |
| EBITDA margin | -85.5% |
| Days sales outstanding | 0d |
| Days payable outstanding | 32d |
| Inventory turnover | - |
| Days inventory (DSI) | 0d |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €114k |
| Fixed assets | 21/28 | €46k |
| Intangible fixed assets | 21 | €7k |
| Tangible fixed assets | 22/27 | €39k |
| Current assets | 29/58 | €68k |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €66k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €114k |
| Equity | 10/15 | €93k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €16k |
| Accumulated profits (losses) | 14 | €15k |
| Amounts payable | 17/49 | €21k |
| Amounts payable within one year | 42/48 | €20k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Turnover | 70 | €15k |
| Gross operating margin | 9900 | €-12k |
| Operating result | 9901 | €-19k |
| Financial income | 75 | €864 |
| Financial charges | 65 | €70 |
| Result before taxes | 9903 | €-18k |
| Income taxes | 67/77 | €162 |
| Net result for the period | 9904 | €-18k |
| Result to be appropriated | 9905 | €-18k |
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 04-12-1990 |
| Status | Active |
| Postal code | 8550 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0003/00B002 | Flanders | 2,200 m² | 1 · 354 m² | 12.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-12-2022 2 directors appointed
- Marc Simoens, Bestuurder
- Caroline Deknudt, Bestuurder
Technical details
{
"events": [
{
"kind": "decharge_granted",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SIMOENS Marc",
"address": "8550 Zwevegem, Luipaardstraat 49",
"birth_date": "1956-02-26",
"profession": null,
"birth_place": "Deinze"
},
"reason": "end_of_term",
"subkind": null,
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{
"kind": "decharge_granted",
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"person": {
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"name": "DEKNUDT Caroline",
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"birth_date": "1961-02-09",
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},
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},
{
"kind": "decharge_granted",
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"person": {
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"name": "SIMOENS Marie-Denise",
"address": "8500 Kortrijk, Merellaan 18",
"birth_date": "1993-01-06",
"profession": null,
"birth_place": "Kortrijk"
},
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{
"kind": "director_in",
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"name": "Marc Simoens",
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"birth_date": "1956-02-26",
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"birth_place": "Deinze"
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},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Caroline Deknudt",
"address": "8550 Zwevegem, Luipaardstraat 49",
"birth_date": "1961-02-09",
"profession": null,
"birth_place": "Zwevegem"
},
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},
{
"kind": "substantive_delegation",
"role": "dagelijks_bestuur",
"person": null,
"reason": null,
"subkind": null,
"via_org": {
"kbo": "0892.888.463",
"name": "FIDUFAC CONSULTING",
"address": "8500 Kortrijk, Nijverheidskaai 3 bus 1",
"country": "BE",
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
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}
],
"notary": {
"name": "Lien Galle",
"firm_city": null,
"firm_name": "Notaris Lien Galle",
"office_city": "Kortrijk",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2022-12-30",
"filing_date": "2022-12-28",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2022-09-29",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0441.935.166",
"name_full": "PROJECT",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Lien Galle",
"org_rep_person_name": null,
"person_role_at_subject": "Notaris"
},
"co_filed_documents": [
"uitgifte van de akte van 29 september 2022",
"geco\u00F6rdineerde tekst van de statuten",
"verslag van het bestuursorgaan aangaande de omzetting van de vennootschap in een besloten vennootschap",
"verslag van de revisor aangaande de omzetting van de vennootschap in een besloten vennootschap",
"staat van activa en passiva",
"verslag van het bestuursorgaan aangaande de wijziging van het voorwerp van de vennootschap"
],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | PROJECT |