Project 1840
ActiveSummary
The computed 12-month bankruptcy probability of Project 1840 is 3.6% (moderate). The 2025 annual accounts show negative equity (-€36,505) and a net result of -€38,523. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,677 | €20,937 | ▲ 42.7% |
| Other operating charges640/8 | €1,093 | €856 | ▼ 21.6% |
| Gross operating margin9900 | -€14,730 | €7,647 | ▲ 152% |
| Operating profit (loss)9901 | -€30,500 | -€14,146 | ▲ 53.6% |
| Financial charges65/66B | €7,483 | €24,376 | ▲ 226% |
| Recurring financial charges65 | €7,483 | €24,376 | ▲ 226% |
| Profit (loss) for the period before taxes9903 | -€37,983 | -€38,523 | ▼ 1.4% |
| Profit (loss) for the period9904 | -€37,983 | -€38,523 | ▼ 1.4% |
| Profit (loss) for the period to be appropriated9905 | -€37,983 | -€38,523 | ▼ 1.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €751,489 | €802,538 | ▲ 6.8% |
| Fixed assets21/28 | €751,376 | €794,094 | ▲ 5.7% |
| Tangible fixed assets22/27 | €751,376 | €794,094 | ▲ 5.7% |
| Land and buildings22 | €751,376 | €794,094 | ▲ 5.7% |
| Current assets29/58 | €113 | €8,444 | ▲ 7,361% |
| Amounts receivable within one year40/41 | - | €1,068 | - |
| Trade receivables40 | - | €1,068 | - |
| Cash at bank and in hand54/58 | €113 | €6,380 | ▲ 5,537% |
| Deferred charges and accrued income490/1 | - | €997 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €751,489 | €802,538 | ▲ 6.8% |
| Equity10/15 | €2,017 | -€36,505 | ▼ 1,910% |
| Contributions10/11 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€37,983 | -€76,505 | ▼ 101% |
| Amounts payable17/49 | €749,472 | €839,043 | ▲ 12.0% |
| Amounts payable after more than one year17 | €510,831 | €607,167 | ▲ 18.9% |
| Financial debts170/4 | €510,831 | €607,167 | ▲ 18.9% |
| Amounts payable within one year42/48 | €237,075 | €228,297 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €24,230 | - |
| Trade debts44 | €575 | €4,467 | ▲ 677% |
| Suppliers440/4 | €575 | €4,467 | ▲ 677% |
| Other amounts payable47/48 | €236,500 | €199,600 | ▼ 15.6% |
| Accrued charges and deferred income492/3 | €1,566 | €3,579 | ▲ 129% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€37,983 | -€38,523 | ▼ 1.4% |
| + Depreciation and write-downs630 | €14,677 | €20,937 | ▲ 42.7% |
| Operating cash flow (approximation) | -€23,305 | -€17,585 | ▲ 24.5% |
| Investment in fixed assets (approximation) | - | -€63,655 | - |
| Change in cash | - | €6,267 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080D0244/00M000 | Flanders | 2,087 m² | 1 · 274 m² | - |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.