PROJECT I
ActivePROJECT I has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-16k. Equity is shrinking by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+3
Solvency32▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
short-term debt: 0.4% and cash: 0.6% of total assets, and 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
6 d early
2023
19 d late
2022
7 d early
2021
33 d early
2020
31 d early
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€107k▼ 13.1%
2024 · €123k
2018: €605k
2019: €567k
2020: €428k
2021: €141k
2022: €105k
2023: €159k
2024: €123k
2018 → 2025
Total assets
€1.55M▲ 0.4%
2024 · €1.54M
2018: €1.92M
2019: €4.05M
2020: €4.57M
2021: €2.55M
2022: €1.87M
2023: €1.41M
2024: €1.54M
2018 → 2025
Net result
€-16k▲ 54.5%
2024 · €-35k
2018: €-20k
2019: €-38k
2020: €-138k
2021: €-287k
2022: €-37k
2023: €54k
2024: €-35k
2018 → 2025
Working capital
€805k▲ 1.4%
2024 · €794k
2018: €1.85M
2019: €3.91M
2020: €4.48M
2021: €2.12M
2022: €1.82M
2023: €1.38M
2024: €794k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€105k▼ 25.9%€159k▲ 51.8%€123k▼ 22.3%€107k▼ 13.1%
Operating result€-171k-€10k€84k▲ 771%€2k▼ 97.8%€12k▲ 554%
Net result€-287k-€-37k▲ 87.3%€54k€-35k€-16k▲ 54.5%
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 2025; 2025 is 554% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€737k=
Current assets
€811k▲ 0.8%
Equity and liabilities €1.55M
Equity
€107k▼ 13.1%
Debt
€1.44M▲ 1.6%
The debt ratio rises from 92.0% to 93.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
6.9%▼
2024 · 8.0%
Quick ratio
1.67▲
2024 · 0.33
Debt / equity
13.44▲
2024 · 11.51
ROE
-15.0%▲
2024 · -28.8%
ROA
-1.0%▲
2024 · -2.3%
Debt
€1.44M▲
2024 · €1.42M
Debt ≤ 1 year
€6k▼
2024 · €11k
Debt > 1 year
€917k=
2024 · €917k
A ratio outside any meaningful range has been withheld (balance sheet total €1.55M, equity €107k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.55M▲
Fixed assets21/28€737k€737k=
Tangible fixed assets22/27€737k€737k=
Other tangible fixed assets26€737k€737k=
Financial fixed assets28€0-
Current assets29/58€805k€811k▲
Stocks and contracts in progress3€802k€802k=
Stocks30/36€802k€802k=
Amounts receivable within one year40/41€674€1k▲
Trade receivables40€95€95=
Other amounts receivable41€579€1k▲
Cash at bank and in hand54/58€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.55M▲
Equity10/15€123k€107k▼
Contributions10/11€700k€700k=
Profit (loss) carried forward14€-577k€-593k▼
Amounts payable17/49€1.42M€1.44M▲
Amounts payable after more than one year17€917k€917k=
Financial debts170/4€917k€917k=
Amounts payable within one year42/48€11k€6k▼
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Accrued charges and deferred income492/3€491k€519k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Other operating charges640/8€1k€1k▼
Gross operating margin9900€3k€13k▲
Operating profit (loss)9901€2k€12k▲
Financial charges65/66B€37k€28k▼
Recurring financial charges65€37k€28k▼
Profit (loss) for the period before taxes9903€-35k€-16k▲
Profit (loss) for the period9904€-35k€-16k▲
Profit (loss) for the period to be appropriated9905€-35k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-577k€-593k▼
Profit (loss) brought forward from the previous period14P€-541k€-577k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Back to profitnet €54k
Net result €54k after 5 loss-making years.
31-12
Financial
Liquidity times 35current ratio 5301.03
Current ratio from 151.84 to 5301.03; short-term debt falls from €12k to €260.
31-12
Financial
Equity above €150kEq €159k ▲51.8%
Equity rises from €105k to €159k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 24current ratio 151.84
Current ratio from 6.46 to 151.84; short-term debt falls from €389k to €12k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-287k
Net result drops to €-287k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 220.12
Current ratio from 32.09 to 220.12; short-term debt falls from €126k to €20k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
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.
Directors · office · real estate
Directors
3 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, Wevelgem · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapellestraat 1208560 WevelgemGround area
422 m²
Building footprint
143 m²
Volume, LiDAR
708 m³
Parcel 34302B1008/00S002, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROJECT I
since 20122.205.815.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B1008/00S002 | Flanders | 422 m² | 1 · 143 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
VMB LEBF
BE 0789.277.518
Merchtem · Eq €107k
PANYSOL
BE 0465.999.579
Zoersel · Eq €107k
ALL-IN RENOVATIES
BE 0781.478.916
Antwerpen · Eq €107k
De Boomen Project
BE 0899.435.171
Turnhout · Eq €107k
Bouwprojecten Spriet
BE 0441.865.286
Izegem · Eq €107k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2005
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.