PROJECT COPYRIGHT
ActiveSummary
The computed 12-month bankruptcy probability of PROJECT COPYRIGHT is 3.0% (moderate). The 2024 annual accounts show negative equity (-€26,162) and a net result of €28,379. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 36381 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+24
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.99 against 1.18 in 2023; short-term debt: 44% and cash: 54.1% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-44.1%
Return on assets
47.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36381 sector peers (2024).
NBB · sector comparisonPosition among 36381 sector peers
Solvency
better than 5%
← weakest
strongest →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
38 d early
2024
32 d early
2023
41 d early
2022
69 d early
2021
13 d early
2020
1 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€26,162▲ 52.0%
2023 · -€54,541
Total assets
€59,278▲ 37.6%
2023 · €43,068
Net result
€28,379▲ 1,095%
2023 · €2,376
Working capital
€25,874▲ 430%
2023 · €4,884
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€6,436▲ 89.2%-€4,752▲ 26.2%€19,860€4,261▼ 78.5%€30,955▲ 626%
Net result-€9,631below the sector's middle half▲ 84.3%-€8,598below the sector's middle half▲ 10.7%€16,595within the sector's middle half€2,376within the sector's middle half▼ 85.7%€28,379above the sector's middle half▲ 1,095%
Equity-€64,914below the sector's middle half▼ 17.4%-€73,512below the sector's middle half▼ 13.2%-€56,917below the sector's middle half▲ 22.6%-€54,541below the sector's middle half▲ 4.2%-€26,162below the sector's middle half▲ 52.0%
Total assets€95,920within the sector's middle half▼ 0.5%€65,574below the sector's middle half▼ 31.6%€66,057below the sector's middle half▲ 0.7%€43,068below the sector's middle half▼ 34.8%€59,278below the sector's middle half▲ 37.6%
Debt€160,835▲ 6.1%€139,087▼ 13.5%€122,974▼ 11.6%€97,609▼ 20.6%€85,441▼ 12.5%
Working capital€5,967within the sector's middle half▼ 28.0%€866below the sector's middle half▼ 85.5%€1,116below the sector's middle half▲ 28.9%€4,884within the sector's middle half▲ 338%€25,874within the sector's middle half▲ 430%
Solvency-67.7%below the sector's middle half▼ 10.3pp-112.1%below the sector's middle half▼ 44.4pp-86.2%below the sector's middle half▲ 25.9pp-126.6%below the sector's middle half▼ 40.5pp-44.1%below the sector's middle half▲ 82.5pp
Current ratio1.19within the sector's middle half▼ 0.181.03below the sector's middle half▼ 0.171.03below the sector's middle half=1.18within the sector's middle half▲ 0.151.99within the sector's middle half▲ 0.81
Return on assets (ROA)-10.0%below the sector's middle half▲ 53.8pp-13.1%below the sector's middle half▼ 3.1pp25.1%above the sector's middle half▲ 38.2pp5.5%within the sector's middle half▼ 19.6pp47.9%above the sector's middle half▲ 42.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 626% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,278
Fixed assets
€7,351 ▼ 32.4%
Current assets
€51,928 ▲ 61.3%
Key figures and ratios
EBITDA
€34,475▲
2023 · €22,047
Cash flow
€31,899▲
2023 · €20,161
Quick ratio
1.89▲
2023 · 1.06
Debt to equity
-3.27▼
2023 · -1.79
Interest coverage
12.48▲
2023 · 11.69
Debt ≤ 1 year
€26,053▼
2023 · €27,313
Debt > 1 year
€57,583▼
2023 · €69,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 2,180 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,801 | €5,265 | €5,265 | €17,785 | €3,520 | ▼ 80.2% |
| Other operating charges640/8 | - | €1,969 | €450 | €493 | €505 | ▲ 2.4% |
| Gross operating margin9900 | €813 | €2,482 | €25,574 | €22,540 | €34,980 | ▲ 55.2% |
| Operating profit (loss)9901 | -€6,436 | -€4,752 | €19,860 | €4,261 | €30,955 | ▲ 626% |
| Financial income75/76B | - | €20 | €2 | - | €185 | - |
| Recurring financial income75 | €14 | €20 | €2 | - | €185 | - |
| Financial charges65/66B | - | €3,866 | €3,267 | €1,886 | €2,762 | ▲ 46.5% |
| Recurring financial charges65 | €3,209 | €3,866 | €3,267 | €1,886 | €2,762 | ▲ 46.5% |
| Profit (loss) for the period before taxes9903 | -€9,631 | -€8,598 | €16,595 | €2,376 | €28,379 | ▲ 1,095% |
| Profit (loss) for the period9904 | -€9,631 | -€8,598 | €16,595 | €2,376 | €28,379 | ▲ 1,095% |
| Profit (loss) for the period to be appropriated9905 | -€9,631 | -€8,598 | €16,595 | €2,376 | €28,379 | ▲ 1,095% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,920 | €65,574 | €66,057 | €43,068 | €59,278 | ▲ 37.6% |
| Fixed assets21/28 | €59,139 | €33,921 | €28,656 | €10,871 | €7,351 | ▼ 32.4% |
| Tangible fixed assets22/27 | €52,146 | €33,921 | €28,656 | €10,871 | €7,351 | ▼ 32.4% |
| Plant, machinery and equipment23 | - | €4,549 | €3,236 | €1,940 | €1,046 | ▼ 46.1% |
| Other tangible fixed assets26 | - | €29,372 | €25,420 | €8,930 | €6,305 | ▼ 29.4% |
| Financial fixed assets28 | €6,993 | €0 | - | - | - | - |
| Current assets29/58 | €36,781 | €31,654 | €37,401 | €32,197 | €51,928 | ▲ 61.3% |
| Stocks and contracts in progress3 | €3,340 | €3,399 | €3,399 | €3,117 | €2,803 | ▼ 10.1% |
| Stocks30/36 | - | €3,399 | €3,399 | €3,117 | €2,803 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €2,620 | €1,798 | €0 | €6,500 | €17,062 | ▲ 162% |
| Trade receivables40 | - | €1,664 | €0 | €6,500 | €17,062 | ▲ 162% |
| Other amounts receivable41 | - | €135 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €30,820 | €25,631 | €33,073 | €22,580 | €32,063 | ▲ 42.0% |
| Deferred charges and accrued income490/1 | - | €826 | €929 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,920 | €65,574 | €66,057 | €43,068 | €59,278 | ▲ 37.6% |
| Equity10/15 | -€64,914 | -€73,512 | -€56,917 | -€54,541 | -€26,162 | ▲ 52.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€71,114 | -€79,712 | -€63,117 | -€60,741 | -€32,362 | ▲ 46.7% |
| Amounts payable17/49 | €160,835 | €139,087 | €122,974 | €97,609 | €85,441 | ▼ 12.5% |
| Amounts payable after more than one year17 | €129,269 | €107,547 | €85,185 | €69,108 | €57,583 | ▼ 16.7% |
| Financial debts170/4 | - | €107,547 | €85,185 | €69,108 | €57,583 | ▼ 16.7% |
| Amounts payable within one year42/48 | €30,814 | €30,788 | €36,284 | €27,313 | €26,053 | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €21,722 | €22,361 | €16,077 | €11,525 | ▼ 28.3% |
| Trade debts44 | €1,223 | €50 | €1,280 | €476 | €2,458 | ▲ 417% |
| Suppliers440/4 | - | €50 | €1,280 | €476 | €2,458 | ▲ 417% |
| Taxes, remuneration and social security45 | - | - | €4,327 | €2,444 | €3,003 | ▲ 22.8% |
| Taxes450/3 | - | - | €4,327 | €2,444 | €3,003 | ▲ 22.8% |
| Other amounts payable47/48 | - | €9,015 | €8,316 | €8,316 | €9,068 | ▲ 9.0% |
| Accrued charges and deferred income492/3 | - | €752 | €1,504 | €1,188 | €1,805 | ▲ 51.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,631 | -€8,598 | €16,595 | €2,376 | €28,379 | ▲ 1,095% |
| + Depreciation and write-downs630 | €6,801 | €5,265 | €5,265 | €17,785 | €3,520 | ▼ 80.2% |
| Operating cash flow (approximation) | -€2,829 | -€3,333 | €21,860 | €20,161 | €31,899 | ▲ 58.2% |
| Investment in fixed assets (approximation) | - | €19,954 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,190 | €7,442 | -€10,493 | €9,483 | ▲ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €28,379 ▲1,095%
Operating result €30,955, net result €28,379, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,595
Net result €16,595 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Bornem · 1 establishment unit since 2018
Ground area
359 m²
Building footprint
155 m²
Volume, LiDAR
557 m³
Parcel 12015A0748/00P000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROJECT COPYRIGHT
since 20182.282.070.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015A0748/00P000 | Flanders | 359 m² | 1 · 155 m² | 9.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 293 EUR awarded · 293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 293 EUR |
| 2024 | 1 | 293 EUR | 0 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-11-2018
Fiscal year end31-12
Abbreviation NL
PROJECT C
Activities, NACEBEL 2025
43990Other specialised construction activities
42990Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713591584
Also
9925:BE0713591584
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.