Project O2
ActiveThe computed 12-month bankruptcy probability of Project O2 is 2.9% (moderate). The 2024 annual accounts show equity of €71k and a net result of €11k. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 15868 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-13
Solvency96▼-3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity ample (current ratio 3.34 against 3.47 in 2023; short-term debt: 27.2% and cash: 64.2% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
33 d early
2022
21 d late
2021
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€71k▲ 17.8%
2023 · €60k
2021: €27k
2022: €43k
2023: €60k
2021 → 2024
Total assets
€101k▲ 22.3%
2023 · €82k
2021: €34k
2022: €61k
2023: €82k
2021 → 2024
Net result
€11k▼ 37.3%
2023 · €17k
2021: €10k
2022: €16k
2023: €17k
2021 → 2024
Working capital
€64k▲ 19.1%
2023 · €54k
2021: €21k
2022: €36k
2023: €54k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€27k-€43k▲ 61.0%€60k▲ 39.6%€71k▲ 17.8%
Operating result€12k-€20k▲ 65.7%€22k▲ 9.2%€17k▼ 22.3%
Net result€10k-€16k▲ 65.9%€17k▲ 4.6%€11k▼ 37.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101k
Fixed assets
€9k▲ 37.8%
Current assets
€91k▲ 21.0%
Equity and liabilities €101k
Equity
€71k▲ 17.8%
Debt
€29k▲ 34.9%
The debt ratio rises from 26.5% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2023 · €23k
Cash flow
€13k▼
2023 · €18k
Solvency
70.8%▼
2023 · 73.5%
Current ratio
3.34▼
2023 · 3.47
Quick ratio
2.98▼
2023 · 3.12
Debt / equity
0.41▲
2023 · 0.36
ROE
15.1%▼
2023 · 28.4%
ROA
10.7%▼
2023 · 20.9%
Interest coverage
14.73▼
2023 · 33.89
Debt
€29k▲
2023 · €22k
Debt ≤ 1 year
€27k▲
2023 · €22k
Debt > 1 year
€2k
Income taxes
€5k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€82k€101k▲
Fixed assets21/28€7k€9k▲
Tangible fixed assets22/27€1k€4k▲
Plant, machinery and equipment23€344-
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€5k€5k=
Current assets29/58€76k€91k▲
Stocks and contracts in progress3€8k€10k▲
Stocks30/36€8k€10k▲
Amounts receivable within one year40/41€4k€17k▲
Trade receivables40€4k€17k▲
Cash at bank and in hand54/58€64k€65k▲
Equity and liabilities
Total equity and liabilities10/49€82k€101k▲
Equity10/15€60k€71k▲
Contributions10/11€17k€17k=
Profit (loss) carried forward14€43k€54k▲
Amounts payable17/49€22k€29k▲
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€22k€27k▲
Current portion of amounts payable after more than one year42-€2k
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€9k€10k▲
Other amounts payable47/48€6k€6k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k-
Other operating charges640/8€584€639▲
Gross operating margin9900€25k€21k▼
Operating profit (loss)9901€22k€17k▼
Financial income75/76B€296€113▼
Recurring financial income75€296€113▼
Financial charges65/66B€691€1k▲
Recurring financial charges65€691€1k▲
Profit (loss) for the period before taxes9903€22k€16k▼
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€17k€11k▼
Profit (loss) for the period to be appropriated9905€17k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€54k▲
Profit (loss) brought forward from the previous period14P€26k€43k▲
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €17k ▲4.6%
Operating result €22k, net result €17k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2021
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.
Notelaarsstraat 2831000 BrusselGround area
92 m²
Building footprint
91 m²
Volume, LiDAR
1,189 m³
Parcel 21806F0333/00L004, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Notelaarsstraat 283, 1000 Brussel
since 20212.318.190.033
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0333/00L004 | Brussels | 92 m² | 1 · 91 m² | 18.2 m · 5 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.
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INTER POLES
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,968 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2021
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46220Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
56210Event catering
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.