PROJECT
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 09-08-2023 was due by 09-03-2024 and was filed on 09-08-2023, 213 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
213 d early
2022
83 d early
2021
77 d early
2020
80 d early
2019
52 d early
2018
47 d early
2017
48 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 86 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€1.1m▲ 121%
2021 · €480,609
Total assets
€977,288▼ 11.8%
2022 · €1.1m
Net result
-€27,198
2022 · €693,819
Working capital
€0▼ 100%
2022 · €957,919
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€168,727▲ 76.3%€66,152▼ 60.8%€64,825▼ 2.0%€1.0m▲ 1,453%-€31,468
Net result€118,206▲ 79.3%€47,294▼ 60.0%€57,027▲ 20.6%€693,819▲ 1,117%-€27,198
Equity€553,594▲ 27.1%€552,641▼ 0.2%€480,609▼ 13.0%€1.1m▲ 121%
Total assets€659,540▲ 14.9%€633,459▼ 4.0%€540,386▼ 14.7%€1.1m▲ 105%€977,288▼ 11.8%
Debt€105,946▼ 23.6%€80,819▼ 23.7%€59,778▼ 26.0%€44,999▼ 24.7%€977,288▲ 2,072%
Working capital€374,540▲ 64.1%€396,042▲ 5.7%€339,006▼ 14.4%€957,919▲ 183%€0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +1,117% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €31,468 after €1.0m in 2022, the lowest result in the available series.
Key figures and ratios
Current ratio
1.00▼
2022 · 24.80
ROA
-2.8%▼
2022 · 62.6%
Debt ≤ 1 year
€977,288▲
2022 · €40,249
Income taxes
€220▼
2022 · €314,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €218 | €991,177 | €13,593 | ▼ 98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,999 | €49,059 | €52,316 | €24,770 | - | - |
| Other operating charges640/8 | - | - | €2,818 | €2,811 | €355 | ▼ 87.4% |
| Gross operating margin9900 | €220,692 | €119,023 | €119,958 | €1.0m | -€31,113 | ▼ 103% |
| Operating profit (loss)9901 | €168,727 | €66,152 | €64,825 | €1.0m | -€31,468 | ▼ 103% |
| Financial income75/76B | - | - | €16,966 | €2,351 | €4,524 | ▲ 92.4% |
| Recurring financial income75 | €12 | €113 | €16,966 | €551 | €4,524 | ▲ 720% |
| Non-recurring financial income76B | - | - | - | €1,800 | - | - |
| Financial charges65/66B | - | - | €297 | €252 | €35 | ▼ 86.3% |
| Recurring financial charges65 | €656 | €385 | €297 | €252 | €35 | ▼ 86.3% |
| Profit (loss) for the period before taxes9903 | €171,430 | €65,880 | €81,494 | €1.0m | -€26,979 | ▼ 103% |
| Income taxes67/77 | €53,224 | €18,586 | €24,467 | €314,823 | €220 | ▼ 99.9% |
| Profit (loss) for the period9904 | €118,206 | €47,294 | €57,027 | €693,819 | -€27,198 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €118,206 | €47,294 | €57,027 | €693,819 | -€27,198 | ▼ 104% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €659,540 | €633,459 | €540,386 | €1.1m | €977,288 | ▼ 11.8% |
| Fixed assets21/28 | €195,843 | €161,348 | €146,353 | €109,807 | - | - |
| Tangible fixed assets22/27 | €195,643 | €161,148 | €146,153 | €109,807 | - | - |
| Land and buildings22 | - | - | €143,533 | - | - | - |
| Furniture and vehicles24 | - | - | €1,078 | €108,719 | - | - |
| Other tangible fixed assets26 | - | - | €1,542 | €1,089 | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | - | - | - |
| Current assets29/58 | €463,697 | €472,111 | €394,033 | €998,168 | €977,288 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €23,061 | €10,015 | €23,805 | €60,041 | €44,732 | ▼ 25.5% |
| Trade receivables40 | - | - | €23,431 | €24,462 | - | - |
| Other amounts receivable41 | - | - | €374 | €35,579 | €44,732 | ▲ 25.7% |
| Current investments50/53 | €89,585 | €89,585 | - | - | - | - |
| Cash at bank and in hand54/58 | €346,523 | €369,149 | €366,135 | €938,004 | €931,843 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | - | - | €4,093 | €123 | €713 | ▲ 478% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €659,540 | €633,459 | €540,386 | €1.1m | €977,288 | ▼ 11.8% |
| Equity10/15 | €553,594 | €552,641 | €480,609 | €1.1m | - | - |
| Contributions10/11 | €18,808 | - | €18,808 | €18,808 | €6,408 | ▼ 65.9% |
| Reserves13 | €533,865 | €532,911 | €460,879 | €1.0m | €19,869 | ▼ 98.1% |
| Non-distributable reserves130/1 | - | - | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | - | - | €2,500 | €2,500 | €2,500 | = |
| Distributable reserves133 | - | - | €458,379 | €1.0m | €17,369 | ▼ 98.3% |
| Profit (loss) carried forward14 | €921 | €921 | €921 | €921 | -€26,277 | ▼ 2,952% |
| Amounts payable17/49 | €105,946 | €80,819 | €59,778 | €44,999 | €977,288 | ▲ 2,072% |
| Amounts payable after more than one year17 | €11,789 | - | - | - | - | - |
| Amounts payable within one year42/48 | €89,157 | €76,069 | €55,028 | €40,249 | €977,288 | ▲ 2,328% |
| Trade debts44 | €2,082 | €5,567 | €10,945 | €11,673 | - | - |
| Suppliers440/4 | - | - | €10,945 | €11,673 | - | - |
| Taxes, remuneration and social security45 | - | - | €13,768 | €20,714 | - | - |
| Taxes450/3 | - | - | €13,768 | €20,714 | - | - |
| Other amounts payable47/48 | - | - | €30,315 | €7,862 | €977,288 | ▲ 12,330% |
| Accrued charges and deferred income492/3 | - | - | €4,750 | €4,750 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,206 | €47,294 | €57,027 | €693,819 | -€27,198 | ▼ 104% |
| + Depreciation and write-downs630 | €47,999 | €49,059 | €52,316 | €24,770 | - | - |
| Operating cash flow (approximation) | €166,205 | €96,353 | €109,343 | €718,589 | -€27,198 | ▼ 104% |
| Investment in fixed assets (approximation) | - | -€14,564 | -€37,320 | €11,776 | - | - |
| Change in cash | - | €22,627 | -€3,014 | €571,869 | -€6,161 | ▼ 101% |
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
2023
09-08
Financial
Weakest financial yearnet -€27,198
Net result drops to -€27,198, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €693,819 ▲1,117%
Operating result €1.0m, net result €693,819, both a record.
31-12
Financial
Liquidity triplescurrent ratio 24.80
Current ratio from 7.16 to 24.80; short-term debt falls from €55,028 to €40,249.
31-12
Financial
Equity above €1mEq €1.1m ▲121%
5 profitable years in a row build equity to €1.1m.
15-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €553,594 ▲27.1%
2 profitable years in a row build equity to €553,594.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
1%
According to the 2021 annual accounts of PROJECT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.