19 annual accounts with figures on one time axis, 23 filings since 2003
peak €240,222 (2024)
-€45,606▼ €285,828
lowest -€69,000 (2025)
-€69,000▼ €231,653
peak €328,688 (2015)
€155,817▼ 30.7%
€2,995▼ 96.9%
Board2 names since 2021
2 directorsName after signing inVisible after signing in and 1 other
Documentsfilings and deeds
22-04-20268 days before the deadline
2025micro format
Gross margin from €240,222 to -€45,606Loss of €69,000Registered office moved from Beveren-Kruibeke-Zwijndrecht to…13-05Equity from €224,818 to €155,817Debts from €96,056 to €2,9951 establishment registered
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 5,843 companies had the same profile as Project² has now. Each dot stands for 15 companies, two years later.
84.3%
were still trading
13.6%
stopped another way
1.7%
went bankrupt
Micro
20 years or older
solvency 30% or more
a loss of 10% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
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 5,843 companies, not a prediction for Project². 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered office moved from Beveren-Kruibeke-Zwijndrecht to Bruges
New registered office: Vlamingdam 41, 8000 Brugge · Previous registered office: Boekweithofstraat 27, 9120 Beveren-Kruibeke-Zwijndrecht · Board meeting of 30-01-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478376284
Changes of role: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director)
“De ontwikkeling, studie, aan- en verkoop, leasing, huur en verhuur, handel en uitbating van alle computer…” (deed in Dutch) · Director discharge: Hidden nameVisible after signing in · Director discharge: Name after signing inVisible after signing in · General meeting of 08-04-2022 · Gazette deed
“De ontwikkeling, studie, aan- en verkoop, leasing, huur en verhuur, handel en uitbating van…” (deed in Dutch)From the articles, 34 activitiesNo NACE code in the KBO yet