Project Materials is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €180k and a net result of €19k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 5498 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
30 d early
2022
34 d early
2021
2 d early
2020
27 d late
2019
17 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€180k▲ 12.0%
2024 · €161k
2018: €116k
2019: €123k
2020: €99k
2021: €59k
2022: €15k
2023: €147k
2024: €161k
2018 → 2025
Net result
€19k▲ 39.0%
2024 · €14k
2018: €-1k
2019: €7k
2020: €-24k
2021: €-40k
2022: €-44k
2023: €230k
2024: €14k
2018 → 2025
Total assets
€1.38M▼ 1.1%
2024 · €1.40M
2018: €1.31M
2019: €1.29M
2020: €1.30M
2021: €1.29M
2022: €1.29M
2023: €1.37M
2024: €1.40M
2018 → 2025
Solvency
13.0%▲ 1.5pp
2024 · 11.5%
2018: 8.8%
2019: 9.5%
2020: 7.6%
2021: 4.6%
2022: 1.2%
2023: 10.7%
2024: 11.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€15k▼ 74.3%€147k▲ 874%€161k▲ 9.4%€180k▲ 12.0%
Operating result€-14k-€-15k▼ 4.1%€308k€57k▼ 81.3%€68k▲ 19.0%
Net result€-40k-€-44k▼ 8.5%€230k€14k▼ 94.0%€19k▲ 39.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.35M▼ 0.4%
Current assets
€38k▼ 21.0%
Equity and liabilities €1.38M
Equity
€180k▲ 12.0%
Debt
€1.20M▼ 2.8%
The debt ratio falls from 88.5% to 87.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
13.0%▲
2024 · 11.5%
ROE
10.7%▲
2024 · 8.6%
ROA
1.4%▲
2024 · 1.0%
Debt
€1.20M▼
2024 · €1.24M
Debt ≤ 1 year
€211k▲
2024 · €185k
Debt > 1 year
€993k▼
2024 · €1.05M
Income taxes
€11k▲
2024 · €9k
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€1.40M€1.38M▼
Fixed assets21/28€1.35M€1.35M▼
Tangible fixed assets22/27€21k€16k▼
Furniture and vehicles24€21k€16k▼
Financial fixed assets28€1.33M€1.33M=
Current assets29/58€48k€38k▼
Amounts receivable within one year40/41€47k€34k▼
Trade receivables40€40k€24k▼
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€421€3k▲
Deferred charges and accrued income490/1€184-
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.38M▼
Equity10/15€161k€180k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€153k€172k▲
Amounts payable17/49€1.24M€1.20M▼
Amounts payable after more than one year17€1.05M€993k▼
Financial debts170/4€993k€993k=
Other amounts payable178/9€60k-
Amounts payable within one year42/48€185k€211k▲
Current portion of amounts payable after more than one year42€49k€4k▼
Trade debts44€8k€11k▲
Suppliers440/4€8k€11k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Other amounts payable47/48€119k€186k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€63k€78k▲
Operating profit (loss)9901€57k€68k▲
Financial income75/76B€50€97▲
Recurring financial income75€50€97▲
Financial charges65/66B€35k€38k▲
Recurring financial charges65€35k€38k▲
Profit (loss) for the period before taxes9903€22k€30k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€14k€19k▲
Profit (loss) for the period to be appropriated9905€14k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€172k▲
Profit (loss) brought forward from the previous period14P€139k€153k▲
The notes to these accounts (7 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €161k ▲9.4%
2 profitable years in a row build equity to €161k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €230k
Net result €230k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €147k ▲874%
Equity rises from €15k to €147k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
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
5 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, Huldenberg · 1 establishment unit since 2011
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.
Onderbosstraat(SAR) 273040 HuldenbergGround area
965 m²
Building footprint
168 m²
Volume, LiDAR
73 m³
Parcel 24099A0631/00Z000, Flanders · tallest building 4.2 m. Linked by address, not a title deed.
1 establishment unit
Projects Materials
since 20112.203.921.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24099A0631/00Z000 | Flanders | 965 m² | 1 · 168 m² | 4.2 m |
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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2011
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:02/688.10.41
Fax:02/688.02.97