2 directorsHidden nameVisible after signing in and 1 other
Documentsfilings and deeds
30-09-2026123 days before the deadline
2026micro format
Gross margin from €86,969 to €292,808Result from €7,137 to €107,805Equity from €54,137 to €161,942Debts from €161,672 to €129,322Cash from €6,759 to €27,842
Higher net result than 95% of companies in specialised construction. Sector median €11,485 · 1,192 companies.
Checked score
Checked score
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, 26,973 companies had the same profile as Project has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% 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 26,973 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.
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 in the Peppol Directory
Reachable for e-invoices through 0208:0765809654
Registered office moved from Tienen to Leuven
New registered office: Aarschotsesteenweg 447 Bus 1, 3012 LEUVEN · Previous registered office: Vrijthofstraat 11, 3300 Tienen · Board meeting of 12-01-2024 · Gazette deed
Registered office moved from Leuven to Tienen
New registered office: Vrijthofstraat 11, 3300 TIENEN · Previous registered office: Brusselsestraat 19; 3000 LEUVEN · Appointment: Hidden nameVisible after signing in (director) · General meeting of 21-09-2022 · Gazette deed
Incorporation
Founding capital of €26,000, 26,000 shares, €2,000 paid up · Founders: Name after signing inVisible after signing in and Name hiddenVisible after signing in · Appointment: Hidden nameVisible after signing in (director) · published on 31-03-2021 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as Project: other construction installation (NACE 43240). They are comparable in size and age: total assets between €228,000 and €343,000, founded between 2020 and 2022.
micro format, filed on 30-09-2026, 123 days before the deadline
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
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 ≈ €730,000. Estimated: probably between €550,000 and €940,000.
Balance sheet
balance sheet total €291,264 on 30-06-2026
What the company ownsHow it is paid for
in euro
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
The notes to these accounts have 13 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.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
per financial year, computed from the annual accounts
Line
Trend
2026
2025
2024
2023
2022
163,183
23,843
10,990
14,719
74,419
125,827
21,861
7,992
12,106
61,480
4,462
66,508
3,250
0
13,663
21,083
4,356
1,630
-5,613
-
118,382
-2,982
41,665
36,923
24,817
55.6%
25.1%
40.3%
38.4%
36.7%
1.92
0.98
1.60
1.52
1.39
0.80
2.99
1.48
1.60
1.72
66.6%
13.2%
5.5%
17.0%
162.4%
37.0%
3.3%
2.2%
6.5%
59.7%
over 100
33.10
16.51
over 100
over 100
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.
Social balance sheet
Social balance sheet
The social balance sheet is the part of the annual accounts about staff: how many people work there, on which contract, who joined and who left, and what they cost. It shows whether an employer is growing or shrinking.
Item
30-06-2025
30-06-2024
30-06-2023
30-06-2022
Employees at the balance-sheet date
3
-
-
1
full-time
3
-
-
1
part-time
0
-
-
-
in full-time equivalents
3
-
-
1
1.6
0.3
0.3
0.1
On a permanent contract
1
-
-
-
Joined
3
0
1
1
Left
0
1
0
0
Training hours
1,161
570
342
-
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
30-06-2026
30-06-2025
30-06-2024
30-06-2023
30-06-2022
Tangible fixed assets
€4,462
€66,508
€3,250
-
€13,663
Financial fixed assets
€0
-
-
-
-
€18,022
€14,724
€5,404
€4,554
€1,619
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on Project
The operating result for 2026 is nearly 16 times that of 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
Debt's share of the balance-sheet total falls from 74.9% to 44.4%. Equity is higher and debt is lower.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
2 directors, no change since 2022
Hidden nameVisible after signing in
Director (not named in the articles), permanent representative Name after signing inVisible after signing in
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“1) Name hiddenVisible after signing in, met zetel gelegen te Fonteinstraat 14; 3000 LEUVEN, en ondememingsnummer 0773.927.960, wettelijk vertegenwoordigd door haar…”
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
2 names, the dashed line is today
20212022202320242025202620272028
Name hiddenVisible after signing in Director (not named in the articles)
Hidden nameVisible after signing in Director
Board
Mandates as a list
Name after signing inVisible after signing in
Director (not named in the articles), from 29-03-2021 to date
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Bestuursorgaan, algemene vergadering bepaalt aantal, duur en bij meerdere bestuurders bevoegdheid”
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam met WVV-vermeldingen”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of November at 10:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
Hidden nameVisible after signing in13,000 shares (50%) · €13,000
Name after signing inVisible after signing in13,000 shares (50%) · €13,000
Network & group
No group
Project has no parent and no holdings in its annual accounts.
Earlier ties
Name hiddenVisible after signing in
via Hidden nameVisible after signing in, no longer at Name after signing inVisible after signing in · Manager · deed of 20-07-2018
founded in 2017
15 FTE (2025)
Connections & network
Connections & network
Project is linked to other companies through directors or shares. Look especially for linked companies in trouble.
2 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Name hiddenVisible after signing in
via Hidden nameVisible after signing in · Permanent representative · deed of 09-09-2026
Founded in 2016 · total assets €139,698 (2025)
Name after signing inVisible after signing in
via Name hiddenVisible after signing in · Manager · deed of 09-09-2026
Founded in 2026
Timeline
Timeline
13 events since 2021
Board
Filings
Financial
Establishments
Address
202220242026
Deadline for the 2027 accounts:
31-01-2028
2026
Annual accounts 2026 filedNBB ↗micro format · 123 days before the deadline
Highest result from 2022 to 2026net €107,805 ▲1,411% The operating result of €145,161 and the net result of €107,805 are both a record.
Equity above €150,000equity €161,942 ▲199% With a profit in every financial year since 2022, equity grows to €161,942.
Annual accounts 2025 filedPDFmicro format · 2 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0765809654
Annual accounts 2024 filedPDFmicro format · 4 days late
2024
Weakest financial yearnet €2,587 ▼65.7% The net result drops to €2,587, the lowest from 2022 to 2026. It recovers the following year.
Registered office moved from Tienen to LeuvenNew registered office: Aarschotsesteenweg 447 Bus 1, 3012 LEUVEN · Previous registered office: Vrijthofstraat 11, 3300 Tienen · Board meeting of 12-01-20243 points ▸
Board meeting, 12-01-2024
Registered-office move, Aarschotsesteenweg 447 Bus 1, 3012 LEUVEN
Power of attorney, Name after signing inVisible after signing in
Annual accounts 2023 filedPDFmicro format · 2 days late
2023
Annual accounts 2022 filedPDFmicro format · 303 days late
Registered office moved from Leuven to TienenNew registered office: Vrijthofstraat 11, 3300 TIENEN · Previous registered office: Brusselsestraat 19; 3000 LEUVEN · Appointment: Name hiddenVisible after signing in (director) · General meeting of 21-09-20224 points ▸
General meeting, 21-09-2022
Director appointment, Hidden nameVisible after signing in
Board rule, 2, 21-11-2022
Registered-office move, Vrijthofstraat 11, 3300 TIENEN
IncorporationFounding capital of €26,000, 26,000 shares, €2,000 paid up · Founders: Name after signing inVisible after signing in and Name hiddenVisible after signing in · Appointment: Hidden nameVisible after signing in (director) · published on 31-03-20217 points ▸
Founder, Name after signing inVisible after signing in
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 29 March 2021, Project was incorporated as a private limited company by two natural persons, with a starting capital of €26,000.12The registered office moved to Tienen in 2023 and to Leuven in 2024.34Of the 2 current board members, Name hiddenVisible after signing in has served longest, since 2021.5Total assets went from €100,313 in 2022 to €291,264 in 2026 and headcount from 0.1 full-time equivalents in 2022 to 1.6 in 2025.6
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
43299Specialised construction activities main activity
Social security (RSZ) activities
41201General construction of buildings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Algemene aannemingswerken; Projectontwikkelingen; Bouwpromoter; Immobiliënmakelaar (mits te voldoen aan beroepsvereisten); Groot- en…”
24 activities
Algemene aannemingswerken
Projectontwikkelingen
Bouwpromoter
Immobiliënmakelaar (mits te voldoen aan beroepsvereisten)
Groot- en kleinhandel in bouwmaterialen en machines en uitrusting
Administratie,consultancy en managementactiviteiten
Het kopen,verkopen en verhuren van bouwmaterieel en -materiaal voor de bouwsector en aanverwante bedrijven
Veiligheidscoördinatie,EPB verslaggeving
Het uitvoeren van alle deskundige onderzoeken en controlewerkzaamheden in de bouwsector en aanverwante bedrijven
Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden,het aankopen en het verkopen,zowel in volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,doen bouwen,doen verbouwen,onderhouden,huren,verhuren,verkavelen,prospecteren en uitbaten van onroerende goederen,de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en de uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en de onroerende goederen te bevorderen.In dit verband mag de vennootschap onroerende goederen in hypotheek geven,alsook zich borg stellen of haar goederen in hypotheek geven,voor het goede verloop van de verbintenissen door derde personen aangegaan die het genot zullen hebben van (een gedeelte van) deze onroerende goederen
Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard dan ook,zoals het verwerven door inschrijving of aankoop van en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen
Het verwerven van participaties,in eender welke vorm,in alle bestaande of nog op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt
Het toestaan van leningen,kredietopeningen,borgstellingen en andere zekerheden aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij alle handels- en financiële operaties verrichten behalve deze die wettelijk zijn voorbehouden aan depositobanken,houders van deposito's op korte termijn,spaarkassen,hypotheek-maatschappijen en kapitalisatieondernemingen
Algemene bouwonderneming in de meest ruime zin:duwbouwwerken,dakwerken,schrijnwerken,elektrotechnische werken,bezettingswerken,vloer- en wandbekledingswerken,rioleringswerken,grondwerken,afbraakwerken,voegen en reinigen van gevels,plaatsen van afsluitingen,plaatsen van chapes,leggen van klinkers en kasseien,aanleg van tuinen,parken en terrassen
Plaatsing en onderhoud van koelinstallaties in de meest ruime zin
Aankoop,verkoop,bouw en verbouwing,renovatie,decoratie,inrichting,huur en verhuur,ruil,verkaveling e,n in het algemeen de verrichtingen die rechtstreeks betrekking hebben op het beheer en/of productief maken van ontroerende goederen en onroerende zakelijke rechten in de meest ruime zin
Het uitbaten van consessies,licenties en andere immateriële rechten en activa
De verhuur van roerende goederen in de meest ruime zin
Het verlenen van adviezen en hulp,het verschaffen van informatie aan publiekrechtelijke en privaatrechtelijke bedrijven,instanties,vennootschappen,verenigingen,particulieren en de overheid op het gebied van planning,organisatie,efficiëntie,toezicht en beheer
Het waarnemen van mandaten in andere vennootschappen
Het geven van opleidingen en trainingen in de meest ruime zin
Uitoefening van het beroep van veiligheidscoördinator evenals van alle activiteiten van begeleiding,opvolging en controle van vaste of mobiele,permanente of tijdelijke werven,onder meer innen het kader van het energieprestatiebeleid (EPB)
Het verrichten van audits met de energieprestatie-regelgeving
registered officeestablishmentapproximateThe establishment unit on the map
Recognitions
Dual-learning approval
4 live approvals
Medewerker ruwbouw (vwo)
approved · 2026 to 2031
Medewerker ruwbouw duaal (so)
approved · 2026 to 2031
Metselaar (vwo)
approved · 2026 to 2031
Ruwbouw duaal (so)
approved · 2026 to 2031
Invoicing and payment
Check the withholding obligation
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0765.809.654
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