PROJECT 12
ActivePROJECT 12 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15k and a net result of €78k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency7▼-26
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.06 in 2023), and 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.6%
Return on assets
45.9%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
31 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€15k
2023 · €-64k
2019: €-21k
2020: €35k
2021: €-88k
2022: €-77k
2023: €-64k
2019 → 2024
Total assets
€170k▲ 88.3%
2023 · €90k
2019: €40k
2020: €114k
2021: €65k
2022: €132k
2023: €90k
2019 → 2024
Net result
€78k▲ 467%
2023 · €14k
2019: €-28k
2020: €57k
2021: €-123k
2022: €11k
2023: €14k
2019 → 2024
Working capital
€-63k▲ 45.8%
2023 · €-116k
2019: €-23k
2020: €-17k
2021: €-112k
2022: €-68k
2023: €-116k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€-88k€-77k▲ 12.2%€-64k▲ 17.8%€15k
Operating result€70k-€-120k€17k€18k▲ 5.0%€87k▲ 383%
Net result€57k-€-123k€11k€14k▲ 28.9%€78k▲ 467%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 383% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €170k
Fixed assets
€86k▲ 3.7%
Current assets
€84k▲ 1,004%
Equity and liabilities €170k
Equity
€15k
Debt
€156k
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€88k▲
2023 · €20k
Cash flow
€80k▲
2023 · €16k
Solvency
8.6%▲
2023 · -70.3%
Current ratio
0.57▲
2023 · 0.06
Quick ratio
0.57▲
2023 · 0.06
Debt / equity
10.65▲
2023 · -2.42
ROE
535.3%▲
2023 · -21.7%
ROA
45.9%▲
2023 · 15.3%
Interest coverage
19.94▲
2023 · 4.53
Debt
€156k▲
2023 · €154k
Debt ≤ 1 year
€147k▲
2023 · €124k
Debt > 1 year
€8k▼
2023 · €30k
Income taxes
€4k▲
2023 · €308
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€90k€170k▲
Fixed assets21/28€83k€86k▲
Intangible fixed assets21€110€85▼
Tangible fixed assets22/27€3k€5k▲
Plant, machinery and equipment23€858€4k▲
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€80k€80k▲
Current assets29/58€8k€84k▲
Amounts receivable within one year40/41€6k€82k▲
Trade receivables40€2k€78k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€186€351▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€90k€170k▲
Equity10/15€-64k€15k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-70k€8k▲
Amounts payable17/49€154k€156k▲
Amounts payable after more than one year17€30k€8k▼
Financial debts170/4€30k€8k▼
Amounts payable within one year42/48€124k€147k▲
Current portion of amounts payable after more than one year42€54k€44k▼
Financial debts43€16k€15k▼
Credit institutions430/8€16k€15k▼
Trade debts44€29k€56k▲
Suppliers440/4€29k€56k▲
Taxes, remuneration and social security45€11k€24k▲
Taxes450/3€11k€24k▲
Other amounts payable47/48€14k€9k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€22k€92k▲
Operating profit (loss)9901€18k€87k▲
Financial income75/76B€624€2▼
Recurring financial income75€624€2▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€14k€82k▲
Income taxes67/77€308€4k▲
Profit (loss) for the period9904€14k€78k▲
Profit (loss) for the period to be appropriated9905€14k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€8k▲
Profit (loss) brought forward from the previous period14P€-84k€-70k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €78k ▲467%
Operating result €87k, net result €78k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-123k ▼318%
Net result drops to €-123k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €57k
Net result €57k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Strijdersstraat 72650 EdegemGround area
317 m²
Building footprint
152 m²
Volume, LiDAR
475 m³
Parcel 11013A0134/00N000, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROJECT 12
since 20182.277.550.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0134/00N000 | Flanders | 317 m² | 1 · 152 m² | 13.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 198 EUR awarded · 198 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 198 EUR | 198 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,894 companies in sector 46460 we hold annual accounts for 1,114. 269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2018
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
47120Other non-specialised retail sale
47910Retail trade
70200Business and other management consultancy
70220Business consulting
82300Organisation of conventions and trade shows
86903Human health activities
86920Human health activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.project12.be