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PROJECT 4U

Active
Public limited companyfounded 200422 yrs activeBlauwe Zeedistel 6, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0864.768.757
Summary

PROJECT 4U has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,581 and a net result of €14,854. Equity is growing by ~14.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability94▲+11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
short-term debt: 0.9% and cash: 100% of total assets, and 0.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.1%
Return on assets
22.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
44 d early
2023
55 d early
2022
51 d early
2021
53 d early
2020
43 d early
2019
57 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 51 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)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 April 2004, PROJECT 4U was incorporated.1 Total assets went from EUR 369,696 in 2018 to EUR 66,186 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€65,581▲ 29.3%
2024 · €50,727
Total assets
€66,186▲ 30.5%
2024 · €50,727
Net result
€14,854▲ 60.6%
2024 · €9,249
Working capital
€65,581▲ 58.1%
2023 · €41,478
Trend over the years
In euros
In euros
No line ticked in this group.

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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€17,567▲ 1,160%-€2,074-€3,569▼ 72.0%€9,534€15,052▲ 57.9%
Net result€17,216▲ 1,385%-€2,481-€3,853▼ 55.3%€9,249€14,854▲ 60.6%
Equity€47,812▲ 56.3%€45,331▼ 5.2%€41,478▼ 8.5%€50,727▲ 22.3%€65,581▲ 29.3%
Total assets€48,351▼ 4.8%€45,537▼ 5.8%€41,684▼ 8.5%€50,727▲ 21.7%€66,186▲ 30.5%
Debt€539▲ 162%€206▼ 61.8%€206=€605
Working capital€47,812▼ 5.5%€45,331▼ 5.2%€41,478▼ 8.5%€65,581
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: €17,567€17,567Net result 2021: €17,216€17,216Operating result 2022: -€2,074-€2,074Net result 2022: -€2,481-€2,481Operating result 2023: -€3,569-€3,569Net result 2023: -€3,853-€3,853Operating result 2024: €9,534€9,534Net result 2024: €9,249€9,249Operating result 2025: €15,052€15,052Net result 2025: €14,854€14,85420212022202320242025-€5,000€0€5,000€10,000€15,000Operating result 2023: -€3,569-€3,570Net result 2023: -€3,853-€3,850Operating result 2024: €9,534€9,530Net result 2024: €9,249€9,250Operating result 2025: €15,052€15,100Net result 2025: €14,854€14,900202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024.
Balance-sheet composition
Equity and liabilities €66,186
Equity €65,581
Debt €605
Debt finances 0.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.01
ROE
22.7%▲
2024 · 18.2%
ROA
22.4%▲
2024 · 18.2%
Debt ≤ 1 year
€605
A ratio outside any meaningful range has been withheld (balance sheet total €66,186, equity €65,581).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to 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% 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 31,371 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€50,727€66,186▲
Current assets29/58€50,727€66,186▲
Cash at bank and in hand54/58€50,727€66,186▲
Equity and liabilities
Total equity and liabilities10/49€50,727€66,186▲
Equity10/15€50,727€65,581▲
Contributions10/11€120,000€120,000=
Capital10€120,000€120,000=
Issued capital100€120,000€120,000=
Reserves13€12,000€12,000=
Non-distributable reserves130/1€12,000€12,000=
Legal reserve130€12,000€12,000=
Profit (loss) carried forward14-€81,273-€66,419▲
Amounts payable17/49-€605
Amounts payable within one year42/48-€605
Trade debts44-€605
Suppliers440/4-€605
Income statement Code20242025
Other operating charges640/8€1,962€1,238▼
Gross operating margin9900€11,496€16,290▲
Operating profit (loss)9901€9,534€15,052▲
Financial charges65/66B€285€197▼
Recurring financial charges65€285€197▼
Profit (loss) for the period before taxes9903€9,249€14,854▲
Profit (loss) for the period9904€9,249€14,854▲
Profit (loss) for the period to be appropriated9905€9,249€14,854▲
Appropriation of the result
Profit (loss) to be appropriated9906-€81,273-€66,419▲
Profit (loss) brought forward from the previous period14P-€90,522-€81,273▲
Line20212022202320242025Change
Provisions for liabilities and charges: additions (uses and reversals)635/8-€20,000-----
Other operating charges640/8€449€840€676€1,962€1,238▼ 36.9%
Gross operating margin9900-€1,985-€1,235-€2,893€11,496€16,290▲ 41.7%
Operating profit (loss)9901€17,567-€2,074-€3,569€9,534€15,052▲ 57.9%
Financial charges65/66B€351€407€284€285€197▼ 30.7%
Recurring financial charges65€351€407€284€285€197▼ 30.7%
Profit (loss) for the period before taxes9903€17,216-€2,481-€3,853€9,249€14,854▲ 60.6%
Profit (loss) for the period9904€17,216-€2,481-€3,853€9,249€14,854▲ 60.6%
Profit (loss) for the period to be appropriated9905€17,216-€2,481-€3,853€9,249€14,854▲ 60.6%
Line20212022202320242025Change
Assets
Total assets20/58€48,351€45,537€41,684€50,727€66,186▲ 30.5%
Current assets29/58€48,351€45,537€41,684€50,727€66,186▲ 30.5%
Stocks and contracts in progress3€21,760€21,760€21,760---
Stocks30/36€21,760€21,760€21,760---
Amounts receivable within one year40/41€253€253€421---
Other amounts receivable41€253€253€421---
Cash at bank and in hand54/58€26,339€23,524€19,503€50,727€66,186▲ 30.5%
Equity and liabilities
Total equity and liabilities10/49€48,351€45,537€41,684€50,727€66,186▲ 30.5%
Equity10/15€47,812€45,331€41,478€50,727€65,581▲ 29.3%
Contributions10/11€120,000€120,000€120,000€120,000€120,000=
Capital10€120,000€120,000€120,000€120,000€120,000=
Issued capital100€120,000€120,000€120,000€120,000€120,000=
Reserves13€12,000€12,000€12,000€12,000€12,000=
Non-distributable reserves130/1€12,000€12,000€12,000€12,000€12,000=
Legal reserve130€12,000€12,000€12,000€12,000€12,000=
Profit (loss) carried forward14-€84,188-€86,669-€90,522-€81,273-€66,419▲ 18.3%
Amounts payable17/49€539€206€206-€605-
Amounts payable within one year42/48€539€206€206-€605-
Trade debts44€334---€605-
Suppliers440/4€334---€605-
Other amounts payable47/48€206€206€206---
Line20212022202320242025Change
Profit (loss) for the period9904€17,216-€2,481-€3,853€9,249€14,854▲ 60.6%
Operating cash flow (approximation)€17,216-€2,481-€3,853€9,249€14,854▲ 60.6%
Change in cash--€2,815-€4,021€31,224€15,459▼ 50.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €9,249
Net result €9,249 after 2 loss-making years.
06-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€3,853
Net result drops to -€3,853, the lowest in the series; recovery starts the following year.
10-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity doublescurrent ratio 221.19
Current ratio from 89.64 to 221.19; short-term debt falls from €539 to €206.
08-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Highest result since 2018net €17,216 ▲1,385%
Operating result €17,567, net result €17,216, both a record.
18-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Liquidity times 201current ratio 246.41
Current ratio from 1.23 to 246.41; short-term debt falls from €218,491 to €206.
04-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
06-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 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, Knokke-Heist · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
307 m²
Building footprint
150 m²
Parcel 31333I0973/00S000, Flanders. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
PROJECT 4U
Blauwe Zeedistel 6, 8300 Knokke-HeistNACE 7011101
since 20042.137.313.440
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31333I0973/00S000 Flanders 307 m² 1 · 150 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded16-04-2004
Fiscal year end31-12
Contact
Phone 0477372131Knokke-Heist
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.