PROJECT 2.0
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 26-10-2026 at the NBB all 3 filings
2024 to 2026, 3 financial years
The operating result for 2026 is a profit of €88,019, after a loss of €1,782 in 2025. It is the highest result since 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as PROJECT 2.0 has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of PROJECT 2.0 itself is lower: 0.3% within 12 months. It rests on far more data about PROJECT 2.0 than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for PROJECT 2.0. 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.
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €202 | €242 | €242 | = |
| Other operating charges640/8 | €384 | €40 | €871 | ▲ 22× |
| Gross operating margin9900 | -€958 | -€1,500 | €89,132 | - |
| Operating profit (loss)9901 | -€1,544 | -€1,782 | €88,019 | - |
| Financial charges65/66B | €39 | €191 | €595 | ▲ 212% |
| Recurring financial charges65 | €39 | €191 | €595 | ▲ 212% |
| Profit (loss) for the period before taxes9903 | -€1,583 | -€1,973 | €87,424 | - |
| Income taxes67/77 | - | - | €16,774 | - |
| Profit (loss) for the period9904 | -€1,583 | -€1,973 | €70,650 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,583 | -€1,973 | €70,650 | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €223,163 | €285,806 | €205,410 | ▼ 28.1% |
| Formation expenses20 | €1,008 | €766 | €524 | ▼ 31.6% |
| Current assets29/58 | €222,155 | €285,040 | €204,885 | ▼ 28.1% |
| Stocks and contracts in progress3 | €177,051 | €285,040 | €140,971 | ▼ 50.5% |
| Stocks30/36 | €177,051 | €285,040 | €140,971 | ▼ 50.5% |
| Amounts receivable within one year40/41 | - | - | €10,000 | - |
| Trade receivables40 | - | - | €10,000 | - |
| Cash at bank and in hand54/58 | €45,104 | - | €53,915 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €223,163 | €285,806 | €205,410 | ▼ 28.1% |
| Equity10/15 | €28,417 | €26,444 | €97,095 | ▲ 267% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | - | - | €67,095 | - |
| Distributable reserves133 | - | - | €67,095 | - |
| Profit (loss) carried forward14 | -€1,583 | -€3,556 | - | - |
| Amounts payable17/49 | €194,746 | €259,362 | €108,315 | ▼ 58.2% |
| Amounts payable within one year42/48 | €194,746 | €257,862 | €108,315 | ▼ 58.0% |
| Financial debts43 | €155,374 | €170,400 | €70,000 | ▼ 58.9% |
| Credit institutions430/8 | €155,374 | €170,400 | €70,000 | ▼ 58.9% |
| Trade debts44 | €878 | - | €10,750 | - |
| Suppliers440/4 | €878 | - | €10,750 | - |
| Taxes, remuneration and social security45 | - | - | €16,774 | - |
| Taxes450/3 | - | - | €16,774 | - |
| Other amounts payable47/48 | €38,494 | €87,462 | €10,791 | ▼ 87.7% |
| Accrued charges and deferred income492/3 | - | €1,500 | - | - |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,583 | -€1,973 | €70,650 | - |
| + Depreciation and write-downs630 | €202 | €242 | €242 | = |
| Operating cash flow (approximation) | -€1,381 | -€1,731 | €70,892 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.