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PROJECT A-C

Active
Private limited companyfounded 20242 yrs activeKoning Leopold IIIstraat 58, 1785 Merchtem, BelgiumKBO/BCE: BE 1006.427.755
Summary

The computed 12-month bankruptcy probability of PROJECT A-C is 3.3% (moderate). The 2025 annual accounts show equity of €8,936 and a net result of €5,936. Its solvency ranks better than 70% of 4709 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency84
Growth-
Track record67
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.3; short-term debt: 40.6% and cash: 66.3% of total assets), and 40.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
57 d early
← before the deadline after the deadline →
Checked, nothing found (1)
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

PROJECT A-C was incorporated on 26 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€8,936
Total assets
€15,034
Net result
€5,936
Working capital
€7,945

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €15,034
Fixed assets €991
Current assets €14,043
Equity and liabilities €15,034
Equity €8,936
Debt €6,098
Debt finances 40.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€8,241
Cash flow
€6,005
Current ratio
2.30
Debt to equity
0.68
ROE
66.4%
ROA
39.5%
Interest coverage
50.74
Debt ≤ 1 year
€6,098
Income taxes
€2,074

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€15,034
Fixed assets21/28€991
Tangible fixed assets22/27€991
Plant, machinery and equipment23€991
Current assets29/58€14,043
Amounts receivable within one year40/41€3,803
Trade receivables40€3,803
Cash at bank and in hand54/58€9,962
Deferred charges and accrued income490/1€278
Equity and liabilities
Total equity and liabilities10/49€15,034
Equity10/15€8,936
Contributions10/11€3,000
Profit (loss) carried forward14€5,936
Amounts payable17/49€6,098
Amounts payable within one year42/48€6,098
Trade debts44€308
Suppliers440/4€308
Taxes, remuneration and social security45€3,841
Taxes450/3€3,841
Other amounts payable47/48€1,949
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69
Other operating charges640/8€104
Gross operating margin9900€8,345
Operating profit (loss)9901€8,171
Financial charges65/66B€162
Recurring financial charges65€162
Profit (loss) for the period before taxes9903€8,009
Income taxes67/77€2,074
Profit (loss) for the period9904€5,936
Profit (loss) for the period to be appropriated9905€5,936
Appropriation of the result
Profit (loss) to be appropriated9906€5,936

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69
Other operating charges640/8€104
Gross operating margin9900€8,345
Operating profit (loss)9901€8,171
Financial charges65/66B€162
Recurring financial charges65€162
Profit (loss) for the period before taxes9903€8,009
Income taxes67/77€2,074
Profit (loss) for the period9904€5,936
Profit (loss) for the period to be appropriated9905€5,936
Line2025
Assets
Total assets20/58€15,034
Fixed assets21/28€991
Tangible fixed assets22/27€991
Plant, machinery and equipment23€991
Current assets29/58€14,043
Amounts receivable within one year40/41€3,803
Trade receivables40€3,803
Cash at bank and in hand54/58€9,962
Deferred charges and accrued income490/1€278
Equity and liabilities
Total equity and liabilities10/49€15,034
Equity10/15€8,936
Contributions10/11€3,000
Profit (loss) carried forward14€5,936
Amounts payable17/49€6,098
Amounts payable within one year42/48€6,098
Trade debts44€308
Suppliers440/4€308
Taxes, remuneration and social security45€3,841
Taxes450/3€3,841
Other amounts payable47/48€1,949
Line2025
Profit (loss) for the period9904€5,936
+ Depreciation and write-downs630€69
Operating cash flow (approximation)€6,005

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

2025
05-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
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.

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Directors · office · real estate

Directors
1 act for this company is 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, Merchtem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
719 m²
Building footprint
100 m²
Volume, LiDAR
974 m³
Parcel 23602K0151/02C002, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PROJECT A-C
Koning Leopold IIIstraat 58, 1785 MerchtemNon-scheduled passenger transport by road
since 20242.356.674.386
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23602K0151/02C002 Flanders 719 m² 1 · 100 m² 14.5 m · 4 fl.
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.

Similar companies · same sector, comparable size

Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 1,941 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-02-2024
Fiscal year end30-06
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
51210Air transport
52210Service activities incidental to land transportation
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006427755
Also 9925:BE1006427755
Registered 18-09-2025

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

Register as of 28 September 2026 · Peppol Directory

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