Checked.be
Active
BE 0458.046.371Private limited company
PROJECT CLG
Dorpsstraat 35 ·2590 Berlaar, Belgium· 30 yrs active
Sector: Retail trade
(47530)
Conclusion
PROJECT CLG has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €622k and a net result of €59k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €622k |
| Net result | €59k |
| Staff (FTE) | 1.7 |
| Better than sector | 42% |
Financial profile
68
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
57
Profitability
47
Solvency
56
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
57
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€35k
estimate, not credit advice
Score history
69
2022
44
2023
57
2024
57
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.89 (< 1.0)
-10
Quick ratio
Quick ratio 0.53 (< 0.6)
-5
Leverage
Debt/equity 1.22 (< 2.0)
+3
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 4.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.1% | 37.6% | |
| Net result | €59k | €31k | |
| Equity | €622k | €261k | |
| Gross operating margin | €337k | €227k | |
| Staff costs | €92k | €159k |
€230k
+14.8%
22-25
€59k
+104.8%
22-25
€152k
+19.3%
22-25
€2.00M
-3.5%
22-25
€622k
+4.8%
22-25
€-43k
+14.5%
22-25
2
-5.6%
22-25
€92k
-2.1%
22-25
€24k
+54.3%
22-25
€758k
-10.0%
22-25
€408k
-1.8%
22-25
€348k
-18.0%
22-25
0.89
+1.8%
22-25
0.53
-1.6%
22-25
31.1%
+8.6%
22-25
1.22
-14.1%
22-25
9.4%
+95.4%
22-25
2.9%
+112.3%
22-25
4.18
+20.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €230k | €201k | €164k | €176k |
| Net profit | €59k | €29k | €3k | €26k |
| Cash flow | €152k | €128k | €98k | €110k |
| Staff costs | €92k | €94k | €87k | €104k |
| Income taxes | €24k | €15k | €10k | €15k |
| Dividends | - | - | - | - |
| Total assets | €2.00M | €2.08M | €2.04M | €2.15M |
| Equity | €622k | €593k | €565k | €562k |
| Debt | €758k | €842k | €827k | €934k |
| of which ≤ 1y | €408k | €416k | €385k | €383k |
| of which > 1y | €348k | €425k | €425k | €491k |
| Working capital | €-43k | €-50k | €-19k | €32k |
| Employees (FTE) | 1.7 | 1.8 | 1.8 | 2.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.89 | 0.88 | 0.95 | 1.08 |
| Quick ratio | 0.53 | 0.54 | 0.60 | 0.74 |
| Working capital ratio | -2.1% | -2.4% | -0.9% | 1.5% |
| Solvency | 31.1% | 28.6% | 27.7% | 26.1% |
| Debt / equity | 1.22 | 1.42 | 1.46 | 1.66 |
| Long-term debt ratio | 0.56 | 0.72 | 0.75 | 0.87 |
| Interest coverage | 4.18 | 3.48 | 2.89 | 3.37 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.9% | 1.4% | 0.2% | 1.2% |
| ROE | 9.4% | 4.8% | 0.6% | 4.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.00M | €2.08M | €2.04M | €2.15M |
| Fixed assets | 21/28 | €1.64M | €1.71M | €1.67M | €1.73M |
| Tangible fixed assets | 22/27 | €1.13M | €1.20M | €1.17M | €1.23M |
| Financial fixed assets | 28 | €506k | €506k | €506k | €506k |
| Current assets | 29/58 | €365k | €366k | €366k | €416k |
| Stocks & contracts in progress | 3 | €149k | €142k | €135k | €131k |
| Amounts receivable within one year | 40/41 | €64k | €56k | €39k | €149k |
| Investments | 50/53 | €71k | €59k | €47k | €35k |
| Cash & bank | 54/58 | €61k | €89k | €124k | €82k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.00M | €2.08M | €2.04M | €2.15M |
| Equity | 10/15 | €622k | €593k | €565k | €562k |
| Contributions / capital | 10/11 | €165k | €165k | €165k | €165k |
| Reserves | 13 | €71k | €71k | €71k | €71k |
| Accumulated profits (losses) | 14 | €386k | €358k | €329k | €326k |
| Provisions & deferred taxes | 16 | €623k | €641k | €647k | €652k |
| Amounts payable | 17/49 | €758k | €842k | €827k | €934k |
| Amounts payable after one year | 17 | €348k | €425k | €425k | €491k |
| Amounts payable within one year | 42/48 | €408k | €416k | €385k | €383k |
| Trade debts payable within one year | 44 | €85k | €107k | €103k | €96k |
| Income statement | |||||
| Gross operating margin | 9900 | €337k | €307k | €263k | €291k |
| Operating result | 9901 | €137k | €102k | €70k | €93k |
| Financial income | 75 | €775 | €51 | €893 | €359 |
| Financial charges | 65 | €55k | €58k | €57k | €52k |
| Result before taxes | 9903 | €82k | €44k | €14k | €41k |
| Income taxes | 67/77 | €24k | €15k | €10k | €15k |
| Net result for the period | 9904 | €59k | €29k | €3k | €26k |
| Result to be appropriated | 9905 | €59k | €29k | €3k | €26k |
Legal Structure
| NACE primary | Retail trade(47530) |
| Legal form | Private limited company(610) |
| Incorporation | 23-05-1996 |
| Status | Active |
| Postal code | 2590 |
Establishment units
PROJECT CLG BVBA
since 19962.076.879.272
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0129/00X002 | Flanders | 301 m² | 1 · 125 m² | 11.1 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €59k ▲105%
Operating result €137k, net result €59k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €3k ▼87.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail trade47530Retail sale of lighting equipment47552Retail trade4759252442Retail sale of household furniture47551Retail trade4759152441
Names & trade names
| Legal nameNL | PROJECT CLG |
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