Equity
-€36,144
Debts exceed assets in financial year 2025.
PROJECT DEVELOPERS
Overview
Lifetime
5 annual accounts with figures on one time axispeak €838,442 (2025)
€838,442▲ 602%
lowest -€369,829 (2024)
-€161,954▲ €207,875
peak €195,639 (2023)
-€36,144▲ €138,046
€10.8m▼ 22.5%
peak 4.7 FTE (2024)
2.8 FTE▼ 40.4%
Board3 names since 2019
1 directorThe Coconut Company
Owners2 names in the annual accounts
90%Pieter Vangeel and 1 other
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €119,518 to €838,442Loss of €161,954Staff from 4.7 FTE to 2.8 FTEEquity from -€174,190 to -€36,144Debts from €13.9m to €10.8mCash from €691,613 to €324,694
Key points
from the 2025 annual accountsLosses
-€531,784 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€10.8m 100% of the balance sheet
Financial debts 0%Suppliers 26%Taxes and wages 0%Other 73%
Of this, €10.8m falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 2 people joined and 6 left.
Board
1 left
A director left. Latest change 08-05-2026 · 1 in office.
Position in the sector
-€161,954
Lower net result than 92% of companies in real estate. Sector median €9,988 · 11,288 companies.
Net result +56%: 21-month year
Checked score
53
Fair
Financially stronger than 16% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%lowest value
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.1 percentage points vs 07-2025
09-2025: 1.2%▲ +0.3 percentage points vs 08-2025
10-2025: 1.3%▲ +0.1 percentage points vs 09-2025
11-2025: 1.8%▲ +0.5 percentage points vs 10-2025
12-2025: 2.1%▲ +0.3 percentage points vs 11-2025
01-2026: 2.9%▲ +0.8 percentage points vs 12-2025
02-2026: 3.0%▲ +0.1 percentage points vs 01-2026
03-2026: 3.1%▲ +0.1 percentage points vs 02-2026
04-2026: 3.7%▲ +0.6 percentage points vs 03-2026
05-2026: 3.8%▲ +0.1 percentage points vs 04-2026
06-2026: 5.8%▲ +2.0 percentage points vs 05-2026highest value
07-2026: 5.2%▼ -0.6 percentage points vs 06-2026
08-2026: 1.2%▼ -4.0 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€36,144
Liquidity: current ratio 0.99, cash €324,694, halved
lowers risk
Sector: Real estate activities (NACE 68)
Size: 2.8 FTE, total assets €10.8m
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 68, micro). It does better than 19% of them on solvency, 7% on liquidity and 22% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as PROJECT DEVELOPERS has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROJECT DEVELOPERS itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,564 companies, not a prediction for PROJECT DEVELOPERS. 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 verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.99 (0.98 in 2024), below 1. Short-term debt is 100.3% and cash 3% of total assets. Equity is negative.
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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€36,144
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 days early
2024
31 days early
2023
32 days early
2022
54 days early
2021
47 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 33 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Pieter Vangeel 90%annual accounts 2025
- PEETERMANS STEVEN MANAGEMENT 10%score 92equity €135,498 (2025) · annual accounts 2025
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Laakdal
Environmental permit granted
Bouwen of herbouwen · Kortenaken
Registered office moved within Leuven
New registered office: Grauwmeer 1/46 bus 31, 3001 Leuven · Previous registered office: Prins de Lignestraat 4, 3001 Leuven · Resignation: Pieter Vangeel (director) · General meeting of 12-03-2026 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 1 more · Laakdal
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROJECT DEVELOPERS Leuven | €10.8m | €0.8m | -0.3% | 2.8 |
| Bauhaus Projects Veurne | €11.9m | €1.7m | 7.4% | 3.4 |
| DETHIER ONTWIKKELING Alken | €13.4m | €1.2m | 25.0% | 3.9 |
| HJO Real Estate Brussels | €17.0m | €0.4m | -3.9% | 3 |
| BlueChem Antwerp | €7.8m | €0.5m | 3.3% | 2.4 |
| Under The Roof Herent | €8.7m | €0.4m | 0.8% | 2 |
| SMARTHOME Vilvoorde | €12.1m | €1.0m | 13.4% | 3 |
These companies have the same main activity as PROJECT DEVELOPERS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €7.8m and €17m, founded between 2013 and 2021.
Official details
Source: KBO- Status
- Active since 24-06-2019Normal situation
- Registered office
- 101 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2023
- Establishment unit
- 2.338.418.3923001 Leuven, since 08-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- €838,442
- ≈ €1.5mestimated
- €161,954
- -€36,144
- €10.8m
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on PROJECT DEVELOPERS
PROJECT DEVELOPERS files the abbreviated format. That format states no turnover. The gross margin rose from -€7,458 in 2021 to €838,442 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 29-07-2026, 2 days before the deadline€838,442
▲ 602%
€626,979
▲ €850,205
-€161,954
▲ €207,875
-€103,152
▲ €151,821
-0.3%
▲ 0.9 percentage points
0.99
▲ 0.01
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.5m. Estimated: probably between €1.1m and €2.4m.
Balance sheet
balance sheet total €10.8m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-0.3%
Higher than 17% of 11,297 companies in 2025.
0.99
Higher than 44% of 10,849 companies in 2025.
-1.5%
Higher than 27% of 11,182 companies in 2025.
PROJECT DEVELOPERS
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half · Staff: top quarter
Staff
€31,531
Staff costs divided by the average number of full-time equivalents.
-4 people
people who joined
people who left
In 2025, 2 people joined and 6 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
10.8m | 13.8m | 5.2m | 4.4m | 2.7m | |
21/28 |
70,346 | 104,401 | 130,478 | 28,235 | 29,909 | |
21 |
1,043 | 4,156 | 7,598 | 7,819 | 10,680 | |
22/27 |
57,782 | 98,134 | 117,140 | 14,592 | 13,106 | |
23 |
10,420 | 22,337 | 26,559 | 12,825 | 10,845 | |
24 |
47,362 | 75,796 | 90,581 | 1,767 | 2,260 | |
28 |
11,522 | 2,112 | 5,740 | 5,824 | 6,124 | |
29/58 |
10.7m | 13.7m | 5.1m | 4.3m | 2.6m | |
3 |
5.6m | 9.7m | 2.9m | 3.2m | 2.1m | |
37 |
5.6m | 9.7m | 2.9m | 3.2m | 2.1m | |
40/41 |
4.7m | 2.8m | 606,724 | 286,866 | 21,330 | |
40 |
3.5m | 1.9m | 39,676 | 34,639 | 21,302 | |
41 |
1.2m | 884,440 | 567,049 | 252,228 | 27 | |
54/58 |
324,694 | 691,613 | 1.2m | 798,546 | 491,689 | |
490/1 |
108,100 | 463,496 | 344,288 | 65,965 | 13,154 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
10.8m | 13.8m | 5.2m | 4.4m | 2.7m | |
10/15 |
-36,144 | -174,190 | 195,639 | 193,550 | 33,697 | |
10/11 |
400,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
14 |
-436,144 | -274,190 | 95,639 | 93,550 | -66,303 | |
17/49 |
10.8m | 13.9m | 5.0m | 4.2m | 2.6m | |
17 |
1,970 | 22,250 | 21,826 | - | - | |
170/4 |
1,970 | 22,250 | 21,826 | - | - | |
42/48 |
10.8m | 13.9m | 5.0m | 4.1m | 2.6m | |
42 |
7.9m | 6.9m | 2.6m | 2.2m | 1.5m | |
43 |
3,063 | - | - | - | - | |
430/8 |
3,063 | - | - | - | - | |
44 |
2.9m | 5.6m | 1.0m | 525,810 | 372,599 | |
440/4 |
2.9m | 5.6m | 1.0m | 525,810 | 353,579 | |
441 |
- | - | - | - | 19,020 | |
45 |
14,661 | 403,983 | 233,999 | 61,432 | 66,798 | |
450/3 |
2,598 | 364,276 | 221,100 | 52,987 | 62,449 | |
454/9 |
12,062 | 39,707 | 12,899 | 8,446 | 4,349 | |
47/48 |
- | 957,811 | 1.2m | 1.3m | 731,241 | |
492/3 |
1,368 | 1,368 | 1,368 | 29,917 | 16,529 | |
| Income statement | ||||||
9900 |
838,442 | 119,518 | 215,014 | 295,861 | -7,458 | |
62 |
88,286 | 248,815 | 106,906 | 62,784 | 46,589 | |
630 |
51,598 | 30,417 | 15,115 | 5,695 | 5,410 | |
640/8 |
71,579 | 63,511 | 13,881 | - | 50 | |
9901 |
626,979 | -223,226 | 79,112 | 227,382 | -59,507 | |
75/76B |
2,117 | 449 | 31 | 78 | 6 | |
75 |
2,117 | 449 | 31 | 78 | 6 | |
65/66B |
786,116 | 146,645 | 73,922 | 43,047 | 6,802 | |
65 |
786,116 | 146,645 | 73,922 | 43,047 | 6,802 | |
9903 |
-157,021 | -369,422 | 5,221 | 184,413 | -66,303 | |
67/77 |
4,934 | 408 | 3,132 | 24,560 | - | |
9904 |
-161,954 | -369,829 | 2,089 | 159,853 | -66,303 | |
9905 |
-161,954 | -369,829 | 2,089 | 159,853 | -66,303 | |
| Appropriation of the result | ||||||
9906 |
-436,144 | -274,190 | 95,639 | 93,550 | -66,303 | |
14P |
-274,190 | 95,639 | 93,550 | -66,303 | - | |
| Social balance sheet | ||||||
9087 |
2.8 | 4.7 | 1.8 | - | - | |
Hours worked1013 |
4,507 | 7,580 | 3,103 | - | - | |
| Document | ||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00345666 | |
| 31-03-2024 | abbreviated format | 30-09-2024 | 2024-00480021 | |
| 31-03-2023 | abbreviated format | 29-09-2023 | 2023-00460263 | |
| 31-03-2022 | abbreviated format | 07-09-2022 | 2022-20422186 | |
| 31-03-2021 | abbreviated format | 14-09-2021 | 2021-67200374 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €5,047 awarded, €5,047 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €140 |
| 2024 | 1 | €2,414 | €2,274 |
| 2023 | 1 | €2,444 | €2,444 |
| 2022 | 1 | €189 | €189 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 678,577 | -192,809 | 94,227 | 233,077 | -54,097 | ||
| -110,356 | -339,412 | 17,204 | 165,548 | -60,893 | ||
| 23,133 | 7,969 | 117,442 | 4,321 | 35,319 | ||
| -366,919 | -535,355 | 428,423 | 306,856 | - | ||
| -103,152 | -254,973 | 88,355 | 195,233 | 20,317 | ||
| -0.3% | -1.3% | 3.7% | 4.4% | 1.3% | ||
| 0.99 | 0.98 | 1.02 | 1.05 | 1.01 | ||
| 0.47 | 0.28 | 0.43 | 0.28 | 0.20 | ||
| - | - | 25.78 | 21.49 | 78.33 | ||
| - | - | 1.1% | 82.6% | -196.8% | ||
| -1.5% | -2.7% | 0.0% | 3.7% | -2.5% | ||
| 0.86 | -1.31 | 1.27 | 5.41 | - |
A ratio outside any meaningful range has been withheld (balance sheet total €10.8m, equity -€36,144).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-03-2024 | 31-03-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 5 | 2 |
| full-time | - | 5 | 2 |
| part-time | 1 | - | - |
| in full-time equivalents | 0.3 | 5 | 2 |
| 2.8 | 4.7 | 1.8 | |
| On a permanent contract | - | 5 | 2 |
| Joined | 2 | 4 | 2 |
| Left | 6 | 1 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €8,133 | €7,969 | €114,537 | €4,321 |
| Intangible fixed assets | - | - | €2,905 | - |
| Financial fixed assets | €15,000 | - | - | - |
| €51,598 | €30,417 | €15,115 | €5,695 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on PROJECT DEVELOPERS
The operating result for 2025 is a profit of €626,979, after a loss of €223,226 in 2024. It is the highest result since 2021.
Equity is negative. Debt (€10.8m) exceeds the balance-sheet total (€10.8m).
Large changes and their cause
- 2025 Net result +56% on 2024. This financial year ran 21 months, the previous one 12.
- 2025 Equity +79% on 2024. Capital increase of €300,000 (Official Gazette 26-11-2024).
Board & ownership
Board
1 director, no change since May 2026Director (not named in the articles), permanent representative VANGEEL Pieter
appointed by deed of 26-06-2019
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-07-2026
Permanent representatives 1
Mandates through the years
3 names, the dashed line is todayThe Coconut Company
Director (not named in the articles)
Director (not named in the articles)
Pieter Vangeel
Director (not named in the articles)
Director (not named in the articles)
LIDEN
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- The Coconut Company
- Director (not named in the articles), appointed by deed of 26-06-2019, still in office
- Pieter Vangeel
- Director (not named in the articles), until 08-05-2026
- LIDEN
- Director (not named in the articles), appointed by deed of 26-06-2019, until 04-06-2021
- Director (not named in the articles), appointed by deed of 26-06-2019, no longer listed in the 2025 annual accounts
Control
Shareholder
Pieter Vangeel
1,800 voting rights
90%
This company
PROJECT DEVELOPERS
Equity -€36,144
Loss €161,954 in 2025
Capital
- Contribution
- €400,000
- Shares
- 2,000 in the deed of 26-06-2019 and 1 later capital increase
- Contribution per share
- €200
- Equity per share
- -€18.07 in 2025
- Source
- deed of 26-11-2024
Owners through the years
as the annual accounts name themOwners as a list
- Pieter Vangeel
- PEETERMANS STEVEN MANAGEMENT
Source: shareholder structure in its own accounts
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-06-2019 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 2 directorsdeed of 26-06-2019 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00deed of 26-11-2024 (in Dutch)
- 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 auditordeed of 26-06-2019 (in Dutch)
Shareholders
2 ownersOwners 2
- Pieter Vangeelnatural personSourceown accounts 202590%
- Equity €135,498 Profit of €1,964 in 2025 (profit of €11,048 in 2024) Checked score 92Sourceown accounts 202510%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 26-06-2019 ↗
- VANGENEUGDEN Dennis 250 shares (50%) · €50,000
- VANGEEL Pieter 250 shares (50%) · €50,000
Capital over time
- 26-11-2024 Capital increase of €300,000 · to €400,000 · 1,500 new shares at €200 per share · in cash
- 26-06-2019 Incorporation · €100,000 · 500 shares
Network & group
No group
PROJECT DEVELOPERS has no parent and no holdings in its annual accounts. The Coconut Company is the only director.
Earlier ties
| Kepler Ground via LIDEN, at PROJECT DEVELOPERS, last mentioned in 2019 · Director (not named in the articles) · deed of 18-08-2021 founded in 2021 · negative equity (2025) |
total assets €2.2m (2025) |
| Kepler Development via LIDEN, at PROJECT DEVELOPERS, last mentioned in 2019 · Director · deed of 18-08-2021 founded in 2021 |
6.7 FTE (2025) |
| Kepler Industries via LIDEN, at PROJECT DEVELOPERS, last mentioned in 2019 · Director (not named in the articles) · deed of 10-10-2022 founded in 2022 |
total assets €3.3m (2025) |
| IP-IMMO via The Coconut Company, no longer at IP-IMMO · Manager · deed of 21-01-2019 founded in 2019 · group U2P |
total assets €2.3m (2025) |
| Futech Service via The Coconut Company, no longer at Futech Service · Manager · deed of 03-01-2018 founded in 2017 · group U2P |
total assets €1.0m (2025) |
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
X-Pand Group
via The Coconut Company · Director (not named in the articles) · deed of 18-11-2024
Founded in 2024 · total assets €14,241 (2025) · negative equity
→
GROUND DEVELOPERS
via The Coconut Company and LIDEN (at PROJECT DEVELOPERS, last mentioned in 2019) · Director (not named in the articles) · deed of 26-06-2019
Founded in 2019 · 2.1 FTE (2025)
→
VANZEGBROECK KROKET
via The Coconut Company · Director (not named in the articles) · deed of 16-07-2020
Founded in 2020 · total assets €1.4m (2025)
→
PAND Immo
via The Coconut Company and LIDEN (at PROJECT DEVELOPERS, last mentioned in 2019) · Director · deed of 12-05-2021
Founded in 1987 · total assets €1.2m (2025)
→
Timeline
Timeline
25 events since 2019Board
Capital
Filings
Financial
Permits
Establishments
Address
2020202220242026
2026
Environmental permit granted OmgevingsloketNieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Laakdal
Annual accounts 2025 filed NBBabbreviated format · 2 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen · Kortenaken
Registered office moved within LeuvenNew registered office: Grauwmeer 1/46 bus 31, 3001 Leuven · Previous registered office: Prins de Lignestraat 4, 3001 Leuven · Resignation: Pieter Vangeel (director) · General meeting of 12-03-20265 points ▸
- General meeting, 12-03-2026
- Director resignation, Pieter Vangeel (director (not named in the articles))
- Director discharge, Pieter Vangeel
- Registered-office move, Grauwmeer 1/46 bus 31, 3001 Leuven
- Permanent representative, Pieter Vangeel
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 1 more · Laakdal
Registered in the Peppol Directory Reachable for e-invoices through 0208:0728792078
2025
Environmental permit granted OmgevingsloketBouwen of herbouwen · Riemst
Environmental permit granted OmgevingsloketBomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Bouwen of herbouwen · Leopoldsburg
Environmental permit granted OmgevingsloketBouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen · Tongeren-Borgloon
Environmental permit refused OmgevingsloketBouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Riemst
Environmental permit granted OmgevingsloketBouwen of herbouwen · Peer
Environmental permit granted OmgevingsloketBouwen of herbouwen · Peer
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Houthalen-Helchteren
2024
Capital increase of €300,000 to €400,000Capital from €100,000 to €400,000, 1,500 new shares · General meeting of 15-10-20245 points ▸
- General meeting, 15-10-2024
- Capital increase, €300,000
- Share issue, 270,000, 1350
- Share issue, 30,000, 150
- Amendment of the articles, article 5
- The deed holds 4 more points.
Annual accounts 2024 filed PDFabbreviated format · 31 days before the deadline
Weakest financial year net -€369,829 The net result drops to -€369,829, the lowest from 2021 to 2025. It recovers the following year.
2023
Annual accounts 2023 filed PDFabbreviated format · 32 days before the deadline
2022
Registered office moved from Leuven to HeverleeNew registered office: Prins de Lignestraat 4, 3001 Heverlee · Previous registered office: Grauwmeer 1, bus 51/63, 3001 Leuven · Permanent representative: Pieter Vangeel · Board meeting of 20-10-20223 points ▸
- Board meeting, 20-10-2022
- Registered-office move, Prins de Lignestraat 4, 3001 Heverlee
- Permanent representative, Pieter Vangeel
First establishment Grauwmeer 1/46, Leuven
Annual accounts 2022 filed PDFabbreviated format · 54 days before the deadline
Back to profit net €159,853 The net result is €159,853, after one loss-making year.
Equity above €150,000 equity €193,550 ▲474% Equity rises from €33,697 to €193,550.
2021
Annual accounts 2021 filed PDFabbreviated format · 47 days before the deadline
1 director resigningLIDEN BV · Permanent representatives: Dennis Vangeneugden and Pieter Vangeel · Director discharge: LIDEN BV · General meeting of 04-06-20215 points ▸
- General meeting, 04-06-2021
- Director resignation, LIDEN BV
- Permanent representative, Dennis Vangeneugden
- Director discharge, LIDEN BV
- Permanent representative, Pieter Vangeel
2019
IncorporationFounding capital of €100,000, 500 shares · Founders: VANGENEUGDEN Dennis and VANGEEL Pieter · Appointments: LIDEN (director) and THE COCONUT COMPANY (director) · published on 26-06-20199 points ▸
- Founder, VANGENEUGDEN Dennis
- Founder, VANGEEL Pieter
- Founding capital, €100,000, 500 shares
- Capital, €100,000
- Registered office clause, Grauwmeer 1/51/63, 3001 Leuven
- Director appointment, LIDEN (director (not named in the articles))
- Director appointment, THE COCONUT COMPANY (director (not named in the articles))
- Permanent representative, VANGENEUGDEN Dennis
- Permanent representative, VANGEEL Pieter
- The deed holds 3 more points.
Financial milestones sit on the financial year-end date, not the filing date.
All 88 environmental permit applications
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 24 June 2019, PROJECT DEVELOPERS was incorporated as a private limited company by two natural persons, with a starting capital of €100,000.12 The registered office moved to Heverlee in 2022 and to Leuven in 2026.34 A capital increase in 2024 brought the capital to €400,000.5 The Coconut Company is director of the company, appointed by deed of 26-06-2019.2 Total assets went from €2.7m in 2021 to €10.8m in 2025 and headcount from 1.8 full-time equivalents in 2023 to 2.8 in 2025.6
Company details
Identity
- Enterprise number
- 0728.792.078
- VAT number
- BE 0728.792.078
- Peppol ID
- 0208:0728792078
- Other Peppol ID
- 9925:BE0728792078
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-06-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00deed of 26-11-2024 (in Dutch)
- Peppol
- Reachable since 29-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- PROJECT DEVELOPERS in Dutch
- Abbreviation
- P & D in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-06-2019 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 26-06-2019 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Joint committees annual accounts 31-03-2023
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
41101
Real estate development main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwonderneming met coördinatie van onderaanneming;algemene aanneming van grondwerken,burgerlijke bouwkunde en metaalconstructies…”deed of 26-06-2019 (in Dutch)
27 activities
- Algemene bouwonderneming met coördinatie van onderaanneming;algemene aanneming van grondwerken,burgerlijke bouwkunde en metaalconstructies
- Onderneming voor ruwbouwwerken,alle metsel-en betonwerken en technieken voor de inrichting en afwerking,niets uitgezonderd,aldus met inbegrip van timmer-en schrijnwerk voor gebouwen,alle dakbedekkingswerken,alle tegel-en faiencewerken,het plafonneren,cementeren en alle andere pleisterwerken,chapes en industriële vloeren,het schilderen van gebouwen en industriële schilderwerken,het installeren van sanitaire inrichtingen,gasverwarming,thermische installaties en centrale verwarming,de installaties voor ventilatie,luchtverwarming en airconditioning
- Het plaatsen van elektrische en elektromechanische voorzieningen en installaties
- Onderneming voor onderhouds-,herstellings-en transformatiewerken met betrekking tot alle bovenvermelde activiteiten
- De groot-en kleinhandel,de invoer-en uitvoerhandel en de vervaardiging van alle producten en materialen die nuttig of dienstig zijn voor het uitvoeren van bovenvermelde activiteiten
- Alle werken ter zake kunnen aannemen,uitvoeren en laten uitvoeren,mits in overeenstemming met wetten en reglementen
- Het verlenen van advies en diensten,begeleiding,bijstand en leiding aan vennootschappen,ondernemingen,instellingen en privépersonen,voornamelijk doch niet uitsluitend op het vlak van vastgoedinvesteringen,management,algemeen en technisch beleid,het financieel,administratief en personeelsbeleid,het promotie-en verkoopbeleid,marketing,logistiek,productie en ontwikkeling,processing en het besturen van vennootschappen en het verlenen van alle advies en diensten met betrekking tot de verhoudingen(intern en extern)binnen vennootschappen en ondernemingen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
- Alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met maatschappelijk voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen,al dan niet onder de vorm van handelsvennootschappen,administratiekantoren,instellingen en verenigingen,al dan niet met een(semi-)publiekrechtelijk statuut
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,daarin begrepen de aan-en verkoop van onroerende goederen,de onroerende leasing,de ruil,de verkaveling,en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten;het bouwrijp maken van terreinen,het bebouwen ervan met woningen,appartementen,kantoren en bedrijfsgebouwen met het oog op de tekoopstelling,het verwerven,verbeteren,inrichten,bezitten en beheren van onroerende goederen van alle aard
- Het verhuren en ter beschikking stellen onder alle vormen van alle onroerende goederen met alle bestemmingen
- Adviesverlening inzake onroerende goederen en onroerende beleggingen
- Het beleggen van vermogens,het beheer van onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle herstellingen die rechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing,de aan-en verkoop,de huur en verhuring van deze goederen,alsmede de borgstelling voor de goede afloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- De verwerving,vervreemding,het beheer,de uitbating,de valorisatie,het huren en verhuren,de ordening,de verkaveling,het doen bouwen of verbouwen,de procuratie,de handel in onroerende goederen,dit alles in de ruimste zin van het woord,met inbegrip van onroerende leasing
- Het bemiddelen voor derden in zakelijke transacties
- Het ontwikkelen,kopen,verkopen,in licentie geven van octrooien,knowhow en aanverwante immateriële activa
- Projectmanagement:het leveren van diensten van projectmanagement,waaronder het uitvoeren van haalbaarheidsstudies,het opstellen en laten opstellen van ontwerpen,plannen en beschrijvingen die in bestekken moeten worden ingelast
- Het voorbereiden van documenten voor offerteaanvragen,met inbegrip van contractvoorwaarden
- Het geven van adviezen op technisch vlak
- Beheer uitvoering:het beheer van de uitvoering van de werken
- Het waarmerken van betalingsaanvragen
- Het vaststellen van gebreken
- Het nemen van maatregelen indien zich omstandigheden voordoen die de stipte uitvoering van de werken in het gedrang brengen
- Het uitvoeren van inspecties en keuringen
- Het verlenen van bijstand bij voorlopige en definitieve opleveringen
- Projectontwikkeling voor de nieuwbouw en vernieuwbouw van individuele woningen,van appartementsgebouwen,van kantoorgebouwen,van hotels,commerciële en industriële centra,enzovoort,of voor renovatieprojecten,inclusief de volledige inrichting
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Grauwmeer 1/46 registered office 3001 Leuven | 08-11-2022 | 2.338.418.392 |
1 former office
- Grauwmeer 1, bus 51/63, 3001 Leuven until 20-10-2022 · deed of 21-11-2022
Buildings and parcels at the address
- Ground area
- 2,588 m²
Environmental permits
88 applications in Flanders since 2019 · 64 granted · 9 refused| 14-09-2026 | Granted | Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 14-07-2026 · project 2026084681 | Laakdal |
| 29-07-2026 | Granted | Bouwen of herbouwen submitted 24-03-2026 · project 2025143607 | Kortenaken |
| 20-04-2026 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Ontbossen submitted 04-08-2025 · project 2025074365 | Laakdal |
| 17-12-2025 | Granted | Bouwen of herbouwen submitted 04-08-2025 · project 2025063728 | Riemst |
| 12-12-2025 | Granted | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen submitted 20-08-2025 · project 2025091789 | Leopoldsburg |
| 03-10-2025 | Granted | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen submitted 16-12-2024 · project 2024100682 | Tongeren-Borgloon |
| 01-10-2025 | Refused | Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 28-04-2025 · project 2025046103 | Riemst |
| 29-09-2025 | Granted | Bouwen of herbouwen submitted 28-07-2025 · project 2025080295 | Peer |
| 29-09-2025 | Granted | Bouwen of herbouwen submitted 28-07-2025 · project 2025080272 | Peer |
| 29-09-2025 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 28-07-2025 · project 2025080130 | Houthalen-Helchteren |
The 10 most recent of 88 applications.
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24514B0181/00Z000 | 2,588 m² | - | - |
Invoicing and payment
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 0728.792.078