PROJECT DECOR
ActiveSummary
The computed 12-month bankruptcy probability of PROJECT DECOR is 13.9% (high). The 2025 annual accounts show equity of €43,648 and a net result of €32,104. Its solvency ranks better than 49% of 34,946 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-07-2023 Normal situation
- Registered office
- 222 active companies are registered at this address 25 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Painting of buildings NACE 43341and 5 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 13.9%
Annual accounts 2025
- Gross margin
- €40,722
- ▲ 190%
- Turnover
- ≈ €240,000
- estimated
- Profit
- €32,104
- ▲ 191%
- Equity
- €43,648
- ▲ 278%
- Total assets
- €95,411
- ▲ 147%
- 2025 accounts filed 57 days after the deadline
Score breakdownraises riskFounded in 2023No registered site in the KBOEx-officio strike-off in the KBOLast filed accounts filed 57 days late; 2 of the last 3 accounts lateShow the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 63% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
71+16
equity 45.7% of total assets
Liquidity
26-34
short-term debt 54.3% · cash 2.8%
Profitability
100=
return on assets 33.6%
Bankruptcy probability within 12 months
13.9%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 8.4%lowest value
01-2025: 8.4%● unchanged vs 12-2024lowest value
02-2025: 8.7%▲ +0.3 percentage points vs 01-2025
03-2025: 8.9%▲ +0.2 percentage points vs 02-2025
04-2025: 8.6%▼ -0.3 percentage points vs 03-2025
05-2025: 8.7%▲ +0.1 percentage points vs 04-2025
06-2025: 9.4%▲ +0.7 percentage points vs 05-2025
07-2025: 9.4%● unchanged vs 06-2025
08-2025: 9.4%● unchanged vs 07-2025
09-2025: 9.4%● unchanged vs 08-2025
10-2025: 16.4%▲ +7.0 percentage points vs 09-2025
11-2025: ≥ 25%▲ +10.4 percentage points vs 10-2025highest value
12-2025: ≥ 25%● unchanged vs 11-2025highest value
01-2026: 22.1%▼ -4.7 percentage points vs 12-2025
02-2026: 22.1%● unchanged vs 01-2026
03-2026: 11.1%▼ -11.0 percentage points vs 02-2026
04-2026: 13.2%▲ +2.1 percentage points vs 03-2026
05-2026: 14.0%▲ +0.8 percentage points vs 04-2026
06-2026: 13.6%▼ -0.4 percentage points vs 05-2026
07-2026: 13.4%▼ -0.2 percentage points vs 06-2026
08-2026: 16.9%▲ +3.5 percentage points vs 07-2026
09-2026: 17.2%▲ +0.3 percentage points vs 08-2026
10-2026: 13.9%▼ -3.3 percentage points vs 09-2026
11-2026: 13.9%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.84 (1.43 in 2024), above the usual 1.5. Short-term debt is 54.3% and cash 2.8% of total assets. However, 54.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 49% of them on solvency, 15% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · 2025 accounts filed 57 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-09-2026, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
57 days late
2024
145 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 101 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 57 days after the deadline Filed on 26 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00533584.
Annual accounts 2025 filed on 26-09-2026 at the NBB all 2 filings
Turnover
≈ €240,000
Estimated: probably between €170,000 and €410,000
Total assets
€95,411▲ 147%
2024 · €38,613
Net result
€32,104▲ 191%
2024 · €11,044
Working capital
€43,648▲ 278%
2024 · €11,544
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€40,428
▲ 188%
2025
20242025
Net result
€32,104
▲ 191%
2025
highest quarter of the sector
20242025
Equity
€43,648
▲ 278%
2025
middle half of the sector
20242025
Total assets
€95,411
▲ 147%
2025
middle half of the sector
20242025
Debt
€51,763
▲ 91.2%
2025
20242025
Working capital
€43,648
▲ 278%
2025
middle half of the sector
20242025
Solvency
45.7%
▲ 15.9pp
2025
middle half of the sector
20242025
Current ratio
1.84
▲ 0.42
2025
middle half of the sector
20242025
Return on assets (ROA)
33.6%
▲ 5.0pp
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€14,026-€40,428▲ 188%
Net result€11,044within the sector's middle half-€32,104above the sector's middle half▲ 191%
Equity€11,544below the sector's middle half-€43,648within the sector's middle half▲ 278%
Total assets€38,613below the sector's middle half-€95,411within the sector's middle half▲ 147%
Debt€27,070-€51,763▲ 91.2%
Working capital€11,544within the sector's middle half-€43,648within the sector's middle half▲ 278%
Solvency29.9%within the sector's middle half-45.7%within the sector's middle half▲ 15.9pp
Current ratio1.43within the sector's middle half-1.84within the sector's middle half▲ 0.42
Return on assets (ROA)28.6%above the sector's middle half-33.6%above the sector's middle half▲ 5.0pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 188% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €95,411
Equity
€43,648 ▲ 278%
Debt
€51,763 ▲ 91.2%
Debt's share of the balance-sheet total falls from 70.1% to 54.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.19▼
2024 · 2.34
ROE
73.6%▼
2024 · 95.7%
Debt ≤ 1 year
€51,763▲
2024 · €27,070
Income taxes
€8,026▲
2024 · €2,783
Supplier credit
21 days▲
2024 · 15 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €434,604 | €699,657 | ▲ 61.0% |
| Other operating charges640/8 | - | €294 | - |
| Gross operating margin9900 | €14,026 | €40,722 | ▲ 190% |
| Operating profit (loss)9901 | €14,026 | €40,428 | ▲ 188% |
| Financial income75/76B | €3 | €11 | ▲ 257% |
| Recurring financial income75 | €3 | €11 | ▲ 257% |
| Financial charges65/66B | €202 | €309 | ▲ 53.0% |
| Recurring financial charges65 | €202 | €309 | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | €13,827 | €40,130 | ▲ 190% |
| Income taxes67/77 | €2,783 | €8,026 | ▲ 188% |
| Profit (loss) for the period9904 | €11,044 | €32,104 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | €11,044 | €32,104 | ▲ 191% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €38,613 | €95,411 | ▲ 147% |
| Current assets29/58 | €38,613 | €95,411 | ▲ 147% |
| Amounts receivable within one year40/41 | €23,982 | €92,749 | ▲ 287% |
| Trade receivables40 | €19,148 | €91,473 | ▲ 378% |
| Other amounts receivable41 | €4,835 | €1,277 | ▼ 73.6% |
| Cash at bank and in hand54/58 | €14,631 | €2,662 | ▼ 81.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €38,613 | €95,411 | ▲ 147% |
| Equity10/15 | €11,544 | €43,648 | ▲ 278% |
| Contributions10/11 | €500 | €500 | = |
| Profit (loss) carried forward14 | €11,044 | €43,148 | ▲ 291% |
| Amounts payable17/49 | €27,070 | €51,763 | ▲ 91.2% |
| Amounts payable within one year42/48 | €27,070 | €51,763 | ▲ 91.2% |
| Trade debts44 | €18,308 | €40,678 | ▲ 122% |
| Suppliers440/4 | €18,308 | €40,678 | ▲ 122% |
| Taxes, remuneration and social security45 | €2,783 | €10,809 | ▲ 288% |
| Taxes450/3 | €2,783 | €10,809 | ▲ 288% |
| Other amounts payable47/48 | €5,978 | €276 | ▼ 95.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,044 | €32,104 | ▲ 191% |
| Operating cash flow (approximation) | €11,044 | €32,104 | ▲ 191% |
| Change in cash | - | -€11,969 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as PROJECT DECOR has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.9%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
The bankruptcy probability of PROJECT DECOR itself is higher: 13.9% within 12 months. It rests on far more data about PROJECT DECOR than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for PROJECT DECOR. 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.
Board & ownership
Directors
Directors
1 director, 1 in day-to-day management, no change since 2024
Board 1
PEREIRA, Ademir José
Current
Director (not named in the articles) · appointed in the act of 06-07-2023 · term without a fixed end
Day-to-day management 1
PEREIRA, Ademir José
Current
Daily management delegate · appointed in the act of 17-10-2023 · term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 06-07-2023Owners and capital
Shareholders
Stated in the act
act of 17-10-2023 ↗
- PEREIRA Ademir
At incorporation
act of 06-07-2023 ↗
- PEREIRA, Ademir José founder
- DE MIRANDA, Fabio Herminio founder
Capital transactions
Capital over time
- 06-07-2023 Incorporation · €500 · 100 shares
Mandate history
2 people, 1 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| PEREIRA, Ademir José |
|
| DE MIRANDA, Fabio Herminio |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs, pli recommandé”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 06-07-2023 (in French)
Network & group
PROJECT DECOR shares no director with another company.
Companies at the same address
221 other companies- ZAYRAH Registered office · since 2026 1044567363
- IMPAL Registered office · since 2026 1044483231
- PROTECTOR ONE STRATEGIC Registered office · since 2026 1044092261
- PROTECTOR ONE TECHNOLOGIE Registered office · since 2026 1044091271
- IRELIA LOGISTICS Registered office · since 2026 1043952404
- Mikolajczyk, Kacper (sole trader) Establishment · since 2026 1044106713
- Saussez, Lucas (sole trader) Establishment · since 2026 1043049314
- Jabcoń, Katarzyna (sole trader) Establishment · since 2026 1042119894
- Sandman Belgium Registered office · since 2026 1041128912
- Mol, Jenathan (sole trader) Establishment · since 2026 1041550366
Connections & network
1 current directorThe network starts from the directors of PROJECT DECOR. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-09
micro format · 57 days late
2025
23-12
micro format · 145 days late
29-10
Gazette deed
Registered office moved within Anderlecht3 points ▸
Gazette deed
Registered office moved within Anderlecht
3 points ▸
- General meeting, 21-10-2025
- Registered-office move, Boulevard Industriel 9,1170 Anderlecht
- Other provision, “signature” (deed in French)
22-09
KBO administration
Address struck
2024
02-02
Gazette deed
Registered office moved from Waterloo to AnderlechtResignation: DE MIRANDA Fabio Herminio (manager) · Director discharge4 points ▸
Gazette deed
Registered office moved from Waterloo to Anderlecht
Resignation: DE MIRANDA Fabio Herminio (manager) · Director discharge4 points ▸
- General meeting, 19-12-2023
- Director resignation, DE MIRANDA Fabio Herminio (manager)
- Director discharge, DE MIRANDA Fabio Herminio (manager)
- Registered-office move, Rue Pierre Longin 20 à 1070 Anderlecht
2023
17-10
Gazette deed
Appointments: De Miranda Fabio (membre de l'organe d'administrateur) and PEREIRA Ademir (daily management delegate)Shareholding7 points ▸
Gazette deed
Appointments: De Miranda Fabio (membre de l'organe d'administrateur) and PEREIRA Ademir (daily management delegate)
Shareholding7 points ▸
- General meeting, 20-09-2023
- Other provision, “omission nomination acte constitutif, non indiquée dans dispositions finales” (deed in French)
- Other provision, “ratification désignation ab initio, administrateur unique” (deed in French)
- Director appointment, De Miranda Fabio (membre de l'organe d'administrateur)
- Board meeting, 20-09-2023
- Director appointment, PEREIRA Ademir (daily management delegate)
- PEREIRA Ademir is a shareholder
06-07
Gazette deed
IncorporationStarting capital €500 · Appointment: PEREIRA, Ademir José (director) · Founder10 points ▸
Gazette deed
Incorporation
Starting capital €500 · Appointment: PEREIRA, Ademir José (director) · Founder10 points ▸
- Incorporation, “PROJECT DECOR” (deed in French)
- Founder, PEREIRA, Ademir José
- Founder, DE MIRANDA, Fabio Herminio
- Founding capital, €500
- Other provision, 19-06-2023
- Bank account, “société en formation”, EUR (deed in French)
- Registered office clause, “1410 Waterloo,Rue Théophile Delbar 8A” (deed in French)
- Board rule, 1
- Director appointment, PEREIRA, Ademir José (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements obligations activités entreprises au nom et pour compte société en formation” (deed in French)
SignalGazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PROJECT DECOR in French
Enterprise number
0803.572.546
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-07-2023
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, tant en Belgique qu'à l'étranger”
deed of 06-07-2023 (in French)Registered office and establishments
Registered office
Industrielaan 9, 1070 Anderlecht, Belgium
2 former offices
- Rue Pierre Longin 20, 1070 Anderlecht until 21-10-2025 · act of 29-10-2025
- 1410 Waterloo until 01-01-2024 · act of 02-02-2024
Activities
NACEBEL 202543341
Painting of buildings main activity
33140
Repair and maintenance of electrical equipment
43221
Plumbing work
43310
Plastering work
43331
Floor and wall tiling
81210
General cleaning of buildings
Codes under NACEBEL 2008
43341
Painting of buildings main activity
33140
Repair, maintenance and installation of machinery and equipment
43221
Plumbing
43310
Plastering work
43331
Floor and wall tiling
81210
General cleaning of buildings
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 06-07-2023 (in French)
“L’entreprise de plafonnage, de cimentage, de crépissage et d’enduisage; L’application dans les bâtiments de plâtre ou de stuc pour…”
22 activities
- L’entreprise de plafonnage, de cimentage, de crépissage et d’enduisage
- L’application dans les bâtiments de plâtre ou de stuc pour l’intérieur et l’extérieur
- Le montage de cloisons sèches à base de plâtre et de cloisons mobiles
- Le revêtement de murs, de sols et de plafonds
- Le recouvrement de pignons et façades
- La pose de chapes et de carrelages
- Les travaux d’isolation thermique et acoustique
- Le placement de faux plafonds
- La location de machines et outillages
- Les travaux de peinture en bâtiment
- Le tapissage et la pose de parquet
- La décoration intérieure
- La pose de couvre-murs et sols
- Entreprise de peinture
- Entreprise d’aménagement intérieur (tout type d’aménagement) et rénovation avec tout type de support : plâtre, cloisons, bois, menuiserie, métal, fer etc…
- Entreprise de décoration, fabrication de placards, parois etc…
- Placement, rénovation, entretien, etc… des parquets, sols
- Entreprise, placement de carrelage (carreleurs)
- Nettoyage de bâtiment et de bureau
- Tous travaux d’éléctricité
- Toutes activités de transport
- Toute activité en rapport avec l'entreprise générale de construction ainsi que toutes transformations ayant un lien quelconque avec la construction dont, entreprise générale de construction avec coordination des travaux par sous-traitants, comprenant notamment, sans que cette liste ne soit limitative : les activités de maçonnerie et de béton, tous travaux de terrassement, de couvertures métalliques et non métalliques, de zinguerie, d’installation sanitaire et de plomberie, de marbrerie, de sablage, de peinture, d’asphaltage et bitumage, de taille de pierre, d’installation électrique et de force motrice, de vitrerie, d’égouttage, de tuyauterie industrielle et de canalisation, d’isolation thermique et acoustique, de couverture, de toiture, d’étanchéité et de revêtement de construction, l’entreprise d’installation, de ventilation et de conditionnement d’air, l’installation de chauffage central ou au gaz, tous travaux de menuiserie charpenterie, le plafonnage, le cimentage, le carrelage et tous autres revêtements des murs, sols et autres surfaces, le placement de grilles, ferronneries, barrières, clôtures, volets, cloisons et faux plafonds, l’entreprise de chaulage, de badigeonnage, de rejointoiement et de nettoyage de façades, tous travaux de démolition, de parcs et jardins, l’installation de systèmes de sécurité, ainsi que les activités d’entreprise générale de construction en faisant appel à des sous-traitants ; la restauration de monuments ; le commerce de détail, en gros et demi gros, et l'industrie de tous matériels de construction
Invoicing and payment
VAT number
BE 0803.572.546
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.572.546
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of June
deed of 06-07-2023 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
9,783 m²
Building footprint
4,538 m²
Building volume
73,760 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21306C0289/00B004 | Brussels | 9,782 m² | 1 · 4,538 m² | 28.4 m · 7 |