Losses
-€6,590 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Project 57
Lifetime
7 annual accounts with figures on one time axispeak €1,339 (2022)
-€3,409▼ €2,658
lowest -€4,351 (2025)
-€4,351▼ €2,824
peak €17,335 (2019)
€9,541▼ 31.3%
€11,945▼ 7.7%
Board2 names since 2018
2 directors and 1 other
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Turnover from €2,430 to €7,851Gross margin from -€751 to -€3,409Loss of €4,351Registered office moved from Wervik to Kruisem 09-01Equity from €13,892 to €9,541Investments €901
Key points
from the 2025 annual accountsPayment terms
5 days to suppliers
Project 57 pays its suppliers 460 days earlier than in 2024. Customers pay 831 days earlier.
Liquidity
0.13 was 0.59 in 2024
Short-term debts fell from €12,937 to €11,945.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,601 companies had the same profile as Project 57 has now. Each dot stands for 10 companies, two years later.
87.1%
were still trading
9.7%
stopped another way
2.9%
went bankrupt
Another 0.2% 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.
| 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 3,601 companies, not a prediction for Project 57. 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 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
Manager, since 18-05-2018
Manager, since 18-05-2018
- 93 sharesdeed of 23-05-2018
- 93 sharesdeed of 23-05-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0696633412
Registered office moved from Wervik to Kruisem
New registered office: Alfred Amelotstraat 39, 9750 Kruisem · Previous registered office: Menenstraat 57, 8940 Wervik (Geluwe) · Board meeting of 18-11-2024 · Gazette deed
Registered office moved to Geluwe
New registered office: Menenstraat 57, 8940 Geluwe · General meeting of 21-05-2021 · Gazette deed
First establishment
Alfred Amelotstraat 39, Kruisem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Project 57 Kruisem | €21,486 | -€3,409 | 44.4% | - |
| Made Out Of More Lontzen | €18,336 | -€259 | 10.5% | - |
| BOUKI WEB SERVICES Forest | €18,691 | -€2,349 | -76.1% | - |
| TAKESHI Brussels | €25,829 | -€5,238 | 11.8% | - |
| PINCHITOS Molenbeek-Saint-Jean | €22,432 | -€1,640 | -32.5% | - |
| DIGITAL WINE COMPANY Harelbeke | €18,554 | €954 | -386.5% | 0 |
| CREAS’PERLES L&E La Louvière | €27,564 | -€746 | 66.4% | - |
These companies have the same main activity as Project 57: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €18,300 and €27,600, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 18-05-2018Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 2 others
- Establishment unit
- 2.303.252.0339750 Kruisem, since 11-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 04-10-2025
Annual accounts 2025
- €21,486▼ 19.9%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Project 57
Project 57 files the micro format. That format states no turnover. The gross margin fell from €606 in 2019 to -€3,409 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Project 57
- What is the company number of Project 57?
- The company number of Project 57 is 0696.633.412. The VAT number is the same number with BE in front: BE 0696.633.412.
- Where is Project 57 based?
- The registered office is at Alfred Amelotstraat 39, 9750 Kruisem.Company details
- What does Project 57 do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of Project 57?
- Project 57 is a private limited company (pre-2019) (BVBA).
- When was Project 57 founded?
- Project 57 was founded on 18-05-2018.
- Is Project 57 still active?
- Yes, Project 57 is an active enterprise in the KBO register.
- What is the turnover of Project 57?
- The turnover of Project 57 was €7,851 in financial year 2025, according to the filed annual accounts.Financials
- Is Project 57 profitable?
- In financial year 2025, Project 57 made a loss of €4,351.
- Where can I find the annual accounts of Project 57?
- Project 57 filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Project 57 due?
- Project 57 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.