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Project

Active Private limited companyfounded 2021active for 5 yearsAarschotsesteenweg 447, 3012 LeuvenKBO/BCE: BE 0765.809.654

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €292,808 (2026)
€292,808▲ 237%
peak €107,805 (2026)
€107,805▲ 15×
peak €161,942 (2026)
€161,942▲ 199%
€129,322▼ 20.0%
Board2 names since 2021
2 directors 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

Key points

from the 2026 annual accounts

Equity

€161,942 ▲ 199%

Project has made a profit in every financial year since 2022.

Result

€107,805 ▲ 15×
€7,1402025€108,0002026

The result rose in 2026 from €7,137 to €107,805.

Turnover

≈ €730,000 estimated

The micro format states no turnover.

Liquidity

1.92 was 0.98 in 2025

Short-term debts fell from €161,672 to €129,322.

Filings

5 annual accounts 4 late
deadline202220242026

The 2022 accounts came latest: 303 days after the end of the period.

Position in the sector

€107,805

Higher net result than 95% of companies in specialised construction. Sector median €11,485 · 1,192 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

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 check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, , since 29-03-2021
Director, since 21-11-2022
  • 13,000 sharesdeed of 31-03-2021
  • 13,000 sharesdeed of 31-03-2021
Board & ownership

Recent changes

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: (director) · General meeting of 21-09-2022 · Gazette deed
Incorporation Founding capital of €26,000, 26,000 shares, €2,000 paid up · Founders: and · Appointment: (director) · published on 31-03-2021 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
Project Leuven €291,264 €292,808 55.6% -
ELEFIX Mechelen €263,915 €303,512 73.3% 2.3
MMJ CONCEPT Fléron €323,906 €221,995 38.4% -
O.T. Technics Machelen (Brab.) €339,620 €291,219 -6.5% -
ML Works Brasschaat €326,055 €219,522 73.1% -
Lift you Up Etterbeek €343,025 €376,854 1.7% -
GLOBAL STONE Schaerbeek €227,883 €291,835 8.8% -

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.

Official details

Source: KBO
Status
Active since 29-03-2021Normal situation
Activity
Other construction installationNACE 43240and 1 other
Establishment unit
2.316.674.4573012 Leuven, since 29-03-2021
Financial year end
30 June
Peppol
Reachable since 05-02-2025
Company details

Annual accounts to 30-06-2026

€292,808▲ 237%
€107,805▲ 15×
€161,942▲ 199%
€291,264▲ 35.0%
Filing
Filed on 30-09-2026, 123 days before the end of the filing period
Financials

Insights on Project

Project files the micro format. That format states no turnover. The gross margin rose from €84,551 in 2022 to €292,808 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 30-09-2026, 123 days before the deadline
€292,808
▲ 237%
€145,161
▲ 16×
€107,805
▲ 15×
€118,382
▲ €121,365
55.6%
▲ 30.5 percentage points
1.92
▲ 0.93

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

55.6%

Higher than 27% of 37,177 companies in 2025.

1.92

Higher than 20% of 36,472 companies in 2025.

37.0%

Higher than 38% of 36,707 companies in 2025.

Project Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022
Balance sheet: assets
20/58 291,264215,810116,672115,555100,313
21/28 43,56057,1205,3367,49012,044
22/27 43,56057,1205,3367,49012,044
23 13,95621,3852,9857,49012,044
24 29,60435,7352,351--
29/58 247,704158,690111,336108,06588,268
40/41 218,084150,535108,933107,29281,883
40 116,07253,93423,31537,45333,998
41 102,01296,60185,61769,83947,885
54/58 27,8426,7592,4037736,385
490/1 1,7781,396---
Balance sheet: equity and liabilities
10/49 291,264215,810116,672115,555100,313
10/15 161,94254,13747,00044,41336,862
10/11 2,0002,0002,0002,0002,000
13 159,94252,13734,86234,86234,862
133 159,94252,13734,86234,86234,862
14 -010,1397,552-
17/49 129,322161,67269,67171,14263,451
42/48 129,322161,67269,67171,14263,451
43 6,9304,582---
430/8 6,9304,582---
44 67,867144,0487,62239,43112,838
440/4 67,867144,0487,62239,43112,838
45 50,6056,63521,27323,62325,613
450/3 42,7264,41313,19916,08423,812
454/9 7,8792,2238,0747,5391,801
47/48 3,9196,40740,7768,08825,000
Income statement
76A 0400---
9900 292,80886,96917,07028,92984,551
62 123,29359,5095,19514,2109,559
630 18,02214,7245,4044,5541,619
640/8 6,3323,617886-573
9901 145,1619,1205,58610,16472,800
75/76B 5,9291,8441249512
75 5,9291,8441249512
65/66B 665720666122533
65 665720666122533
9903 150,42510,2444,93210,09272,780
67/77 42,6203,1072,3452,54112,918
9904 107,8057,1372,5877,55259,862
9905 107,8057,1372,5877,55259,862
Appropriation of the result
9906 107,80517,27610,1397,55259,862
14P 010,1397,552--
691/2 107,80517,276--34,862
6921 107,80517,276--34,862
694/7 ----25,000
695 ----25,000
Social balance sheet
9087 -1.60.30.30.1
Hours worked1013 -2,065570342152
Document PDFPDFPDFPDFPDF

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.

Source: Annual accounts 2026 at the NBB, filed on 30-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2026 micro format 30-09-2026 2026-00535644 PDF
30-06-2025 micro format 02-02-2026 2026-00026163 PDF
30-06-2024 micro format 04-02-2025 2025-00026488 PDF
30-06-2023 micro format 02-02-2024 2024-00022688 PDF
30-06-2022 micro format 30-11-2023 2023-00519139 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022
163,18323,84310,99014,71974,419
125,82721,8617,99212,10661,480
4,46266,5083,250013,663
21,0834,3561,630-5,613-
118,382-2,98241,66536,92324,817
55.6%25.1%40.3%38.4%36.7%
1.920.981.601.521.39
0.802.991.481.601.72
66.6%13.2%5.5%17.0%162.4%
37.0%3.3%2.2%6.5%59.7%
over 10033.1016.51over 100over 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

Item30-06-202530-06-202430-06-202330-06-2022
Employees at the balance-sheet date3--1
full-time3--1
part-time0---
in full-time equivalents3--1
1.60.30.30.1
On a permanent contract1---
Joined3011
Left0100
Training hours1,161570342-

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202630-06-202530-06-202430-06-202330-06-2022
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

2 directors, no change since 2022
Director (not named in the articles), permanent representative
since 29-03-2021 term without a fixed end
also on the board of 2 other companies
listed in the 2026 annual accounts, filed on 30-09-2026
Director
since 21-11-2022
listed in the 2026 annual accounts, filed on 30-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“1) , met zetel gelegen te Fonteinstraat 14; 3000 LEUVEN, en ondememingsnummer 0773.927.960, wettelijk vertegenwoordigd door haar…”
deed of 24-01-2023
Permanent representatives 1
Permanent representative, for
appointed by deed of 31-03-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director (not named in the articles)

Director
Board
Mandates as a list
    • Director (not named in the articles), from 29-03-2021 to date
    • Director, from 21-11-2022 to date

See the board, name and registered office on a given date →

Control

Founders
,
This company
Project
Equity €161,942
Profit €107,805 in 2026

Capital

Contribution
€2,000
Shares
26,000
Contribution per share
€0.08
Equity per share
€6.23 in 2026
Source
2026 annual accounts

Articles of association

deed of 31-03-2021 (in Dutch)
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.
No statutory auditor

Shareholders

At incorporation deed of 31-03-2021 ↗
  • 13,000 shares (50%) · €13,000
  • 13,000 shares (50%) · €13,000

Network & group

No group

Project has no parent and no holdings in its annual accounts.

Earlier ties

via , no longer at · Manager · deed of 20-07-2018
founded in 2017
15 FTE (2025)

Connections & network

2 connected companies
Depth
Shared director Shared corporate director Shared corporate director Project Project0765.809.654
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Permanent representative · deed of 09-09-2026
Founded in 2016 · total assets €139,698 (2025)
via · Manager · deed of 09-09-2026
Founded in 2026

Timeline

Timeline

13 events since 2021

Deadline for the 2027 accounts: 31-01-2028

2026
Annual accounts 2026 filed NBBmicro format · 123 days before the deadline
Highest result from 2022 to 2026 net €107,805 ▲1,411% The operating result of €145,161 and the net result of €107,805 are both a record.
Equity above €150,000 equity €161,942 ▲199% With a profit in every financial year since 2022, equity grows to €161,942.
Annual accounts 2025 filed PDFmicro format · 2 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0765809654
Annual accounts 2024 filed PDFmicro format · 4 days late
2024
Weakest financial year net €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,

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 2 days late
2023
Annual accounts 2022 filed PDFmicro 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: (director) · General meeting of 21-09-20224 points ▸
  • General meeting, 21-09-2022
  • Director appointment,
  • Board rule, 2, 21-11-2022
  • Registered-office move, Vrijthofstraat 11, 3300 TIENEN
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2021
IncorporationFounding capital of €26,000, 26,000 shares, €2,000 paid up · Founders: and · Appointment: (director) · published on 31-03-20217 points ▸
  • Founder,
  • Founder,
  • Founding capital, €26,000, 26,000 shares
  • Registered office clause, Brusselsestraat 19, 3000 Leuven
  • Board rule, 1
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

First establishment Aarschotsesteenweg 447, Leuven

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 29 March 2021, Project was incorporated as a private limited company by two natural persons, with a starting capital of €26,000.12 The registered office moved to Tienen in 2023 and to Leuven in 2024.34 Of the 2 current board members, has served longest, since 2021.5 Total 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

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-03-2021
  3. 3Belgian Official Gazette, 24-01-2023
  4. 4Belgian Official Gazette, 07-02-2024
  5. 5National Bank, annual accounts 2026
  6. 6National Bank, annual accounts 2022, 2025 and 2026

Company details

Identity

Enterprise number
0765.809.654
VAT number
BE 0765.809.654
Peppol ID
0208:0765809654
Other Peppol ID
9925:BE0765809654
Legal form
Private limited company
Status
Active, normal situation
Founded
29-03-2021
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of November at 10:00
deed of 31-03-2021 (in Dutch)
Peppol
Reachable since 05-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Project in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-03-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 31-03-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
43299 Specialised construction activities main activity
Social security (RSZ) activities
41201 General 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
  1. Algemene aannemingswerken
  2. Projectontwikkelingen
  3. Bouwpromoter
  4. Immobiliënmakelaar (mits te voldoen aan beroepsvereisten)
  5. Groot- en kleinhandel in bouwmaterialen en machines en uitrusting
  6. Administratie,consultancy en managementactiviteiten
  7. Het kopen,verkopen en verhuren van bouwmaterieel en -materiaal voor de bouwsector en aanverwante bedrijven
  8. Veiligheidscoördinatie,EPB verslaggeving
  9. Het uitvoeren van alle deskundige onderzoeken en controlewerkzaamheden in de bouwsector en aanverwante bedrijven
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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
  15. Plaatsing en onderhoud van koelinstallaties in de meest ruime zin
  16. 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
  17. Het uitbaten van consessies,licenties en andere immateriële rechten en activa
  18. De verhuur van roerende goederen in de meest ruime zin
  19. 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
  20. Het waarnemen van mandaten in andere vennootschappen
  21. Het geven van opleidingen en trainingen in de meest ruime zin
  22. 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)
  23. Het verrichten van audits met de energieprestatie-regelgeving
  24. Verslaggeving voor het Vlaams Energieagentschap
deed of 31-03-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Aarschotsesteenweg 447 registered office 3012 Leuven 2511001 Manufacture of metal structures and parts of structures 29-03-2021 2.316.674.457
2 former offices
  • Vrijthofstraat 11, 3300 Tienen until 12-01-2024 · deed of 07-02-2024
  • Brusselsestraat 19;, 3000 Leuven until 21-11-2022 · deed of 24-01-2023

Location

registered office establishment approximate The 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 If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0765.809.654