ProJecT
ActiveSummary
ProJecT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,334 and a net result of €584,823. Equity has been shrinking by about 38% per year since 2018. Its solvency ranks better than 20% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-01-2018 Normal situation
- Activity
- Real estate agency activities NACE 68310
- Establishment unit
- 2.271.978.243 8210 Zedelgem, since 11-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €777,798
- ▲ 124%
- Turnover
- ≈ €1.9m
- estimated
- Profit
- €584,823
- ▲ 123%
- Equity
- €3,334
- ▼ 98.7%
- Total assets
- €1.1m
- ▲ 174%
Score breakdownraises riskEquity €3,334 (0.3% of total assets)lowers riskSize: total assets €1.1mSector: Real estate activities (NACE 68)Liquidity: current ratio 1.00, cash €1.0mShow the evidence
Checked score
Fewer than 1 in 1,000 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 68, micro). It does better than 20% of them on solvency, 49% on liquidity, 95% on profitability and 5% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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 7 accounts on average 65 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-06-2026 PDF all 8 filings
Every figure per financial year
The operating result for 2025 is 124% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
- 2024 Net result +85% on 2023. The accounts now follow the micro format, last year the abbreviated format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,135 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €728 | €1,375 | €578 | €1,565 | ▲ 171% |
| Gross operating margin9900 | €100,155 | €121,419 | €331,704 | €440,303 | €294,180 | €187,768 | €347,492 | €777,798 | ▲ 124% |
| Operating profit (loss)9901 | €97,766 | €121,054 | €331,332 | €439,580 | €293,452 | €186,393 | €346,913 | €776,233 | ▲ 124% |
| Financial income75/76B | - | - | - | - | €12 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €12 | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €110 | €607 | €3,023 | €2,546 | ▼ 15.8% |
| Recurring financial charges65 | €20 | €36 | €32 | €74 | €110 | €607 | €3,023 | €2,546 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €97,746 | €121,017 | €331,300 | €439,506 | €293,354 | €185,786 | €343,891 | €773,687 | ▲ 125% |
| Income taxes67/77 | €20,500 | €27,494 | €78,681 | €106,702 | €70,524 | €44,013 | €82,212 | €188,865 | ▲ 130% |
| Profit (loss) for the period9904 | €77,246 | €93,523 | €252,619 | €332,804 | €222,830 | €141,773 | €261,679 | €584,823 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €77,246 | €93,523 | €252,619 | €332,804 | €222,830 | €141,773 | €261,679 | €584,823 | ▲ 123% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €1.1m | ▲ 174% |
| Current assets29/58 | €0.1m | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €1.1m | ▲ 174% |
| Amounts receivable within one year40/41 | - | - | - | €0.02m | €0.02m | €0.04m | €0.02m | €0.01m | ▼ 27.0% |
| Trade receivables40 | - | - | - | - | - | €0.01m | €0.005m | €0.005m | = |
| Other amounts receivable41 | - | - | - | - | €0.02m | €0.03m | €0.01m | €0.009m | ▼ 37.4% |
| Cash at bank and in hand54/58 | €0.1m | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | €0.4m | €1.0m | ▲ 185% |
| Deferred charges and accrued income490/1 | - | - | - | - | €356 | €0.003m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.3m | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €1.1m | ▲ 174% |
| Equity10/15 | €0.09m | €0.2m | €0.4m | €0.02m | €0.02m | €0.002m | €0.3m | €0.003m | ▼ 98.7% |
| Contributions10/11 | €0.01m | €0.01m | - | - | €0.02m | €60 | €60 | €60 | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | - | - | €0.3m | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.3m | - | - |
| Profit (loss) carried forward14 | €0.07m | €0.2m | €0.4m | €0.003m | - | €0.002m | €0.008m | €0.003m | ▼ 61.3% |
| Amounts payable17/49 | €0.05m | €0.07m | €0.08m | €0.4m | €0.3m | €0.3m | €0.1m | €1.0m | ▲ 737% |
| Amounts payable within one year42/48 | €0.05m | €0.07m | €0.08m | €0.4m | €0.3m | €0.3m | €0.1m | €1.0m | ▲ 737% |
| Trade debts44 | €0.002m | €0.02m | €0.03m | €0.01m | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 17.5% |
| Suppliers440/4 | - | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 17.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.08m | €0.06m | €0.09m | €0.3m | ▲ 218% |
| Taxes450/3 | - | - | - | - | €0.08m | €0.06m | €0.09m | €0.3m | ▲ 218% |
| Other amounts payable47/48 | - | - | - | - | €0.3m | €0.2m | €0.03m | €0.8m | ▲ 23× |
| Accrued charges and deferred income492/3 | - | - | - | - | €158 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,246 | €93,523 | €252,619 | €332,804 | €222,830 | €141,773 | €261,679 | €584,823 | ▲ 123% |
| + Depreciation and write-downs630 | €2,135 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €79,381 | €93,523 | €252,619 | €332,804 | €222,830 | €141,773 | €261,679 | €584,823 | ▲ 123% |
| Change in cash | - | €116,650 | €265,362 | -€73,855 | -€100,130 | -€79,082 | €99,047 | €673,488 | ▲ 580% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 875 companies had the same profile as ProJecT has now. Two years later, 96.6% were still going and 1.4% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ProJecT itself is lower: 0.1% within 12 months. It rests on far more data about ProJecT than the profile alone.
Test of the method
The method was tested on the 497,446 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 875 companies, not a prediction for ProJecT. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-06-2026 | 2026-00134636 | |
| 31-12-2024 | micro format | 15-05-2025 | 2025-00094279 | |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00253069 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00166538 | |
| 31-12-2021 | abbreviated format | 08-03-2022 | 2022-07200496 | |
| 31-12-2020 | abbreviated format | 14-04-2021 | 2021-10300496 | |
| 31-12-2019 | abbreviated format | 13-07-2020 | 2020-29200289 | |
| 31-12-2018 | abbreviated format | 17-06-2019 | 2019-18900541 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 02-03-2022 Converted to unavailable equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Niet-statutaire bestuurders herroepbaar ad nutum bij besluit algemene vergadering, algemene vergadering die bestuurder(s) benoemt”“Geheel van bevoegdheden toegekend met mogelijkheid deel te delegeren, gedelegeerde bestuurder(s) mag binnen perken bevoegdheid een of meer…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen…”
Articles of association, deed of 02-03-2022 (in Dutch)
Network & group
ProJecT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ProJecT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-03
Gazette deed
Registered office moved to ZedelgemNew seat: 8210 Zedelgem (Loppem), Kasteeldreef 15A · Previous seat: Brugge, Hendrik Consciencelaan 46 · Reappointment: Jan Tricot (director)14 points ▸
- General meeting, 15-02-2022
- Registered-office move, 8210 Zedelgem (Loppem),Kasteeldreef 15A
- Other provision, “aanpassing vennootschap aan bepalingen Wetboek van Vennootschappen en Verenigingen, datum waarop deze akte wordt bekendgemaakt” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “omvorming onbeschikbaar eigen vermogen naar beschikbaar vermogen, direct” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, vermogen is beschikbaar” (deed in Dutch)
- Other provision, “aard van andere effecten, Niet van toepassing” (deed in Dutch)
- Other provision, “dagelijks bestuur facultatief, Niet van toepassing” (deed in Dutch)
- Power of attorney
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31017E0319/00K000 | Flanders | 1,016 m² | 1 · 146 m² | 15.2 m · 3 |