Project ON
ActiveSummary
Project ON has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€227,536) and a net result of -€60,670. Equity is shrinking by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 2704 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.15 in 2024; short-term debt: 150% and cash: 4% of total assets), and equity is negative.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-286.4%
Return on assets
-76.4%
Age of the figures
9 mo
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 -€227,536
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
16 d early
2023
20 d early
2022
19 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€227,536▲ 51.7%
2024 · -€470,867
Total assets
€79,442▼ 39.1%
2024 · €130,514
Net result
-€60,670▲ 51.5%
2024 · -€125,126
Working capital
-€74,064▲ 77.0%
2024 · -€321,860
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€129,498--€207,376▼ 60.1%-€29,715▲ 85.7%-€118,293▼ 298%-€54,314▲ 54.1%
Net result-€129,541--€207,633▼ 60.3%-€38,567▲ 81.4%-€125,126▼ 224%-€60,670▲ 51.5%
Equity-€99,541--€307,173▼ 209%-€345,740▼ 12.6%-€470,867▼ 36.2%-€227,536▲ 51.7%
Total assets€119,353-€122,845▲ 2.9%€149,364▲ 21.6%€130,514▼ 12.6%€79,442▼ 39.1%
Debt€218,893-€430,018▲ 96.5%€495,104▲ 15.1%€601,380▲ 21.5%€306,978▼ 49.0%
Working capital-€210,859--€280,031▼ 32.8%-€246,123▲ 12.1%-€321,860▼ 30.8%-€74,064▲ 77.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54,314 in 2025 against €118,293 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,442
Fixed assets
€34,305 ▼ 53.1%
Current assets
€45,137 ▼ 21.4%
Key figures and ratios
EBITDA
-€15,544▲
2024 · -€79,412
Cash flow
-€21,899▲
2024 · -€86,246
Solvency
-286.4%▲
2024 · -360.8%
Current ratio
0.38▲
2024 · 0.15
Debt to equity
-1.35▼
2024 · -1.28
ROA
-76.4%▲
2024 · -95.9%
Interest coverage
-2.45▲
2024 · -11.62
Debt ≤ 1 year
€119,201▼
2024 · €379,298
Debt > 1 year
€166,618▼
2024 · €207,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,513 | €29,054 | €38,881 | €38,881 | €38,770 | ▼ 0.3% |
| Other operating charges640/8 | €101 | €252 | €568 | €630 | €257 | ▼ 59.2% |
| Gross operating margin9900 | -€114,884 | -€178,070 | €9,734 | -€78,782 | -€15,286 | ▲ 80.6% |
| Operating profit (loss)9901 | -€129,498 | -€207,376 | -€29,715 | -€118,293 | -€54,314 | ▲ 54.1% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €43 | €257 | €8,852 | €6,834 | €6,356 | ▼ 7.0% |
| Recurring financial charges65 | €43 | €257 | €8,852 | €6,834 | €6,356 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | -€129,541 | -€207,633 | -€38,567 | -€125,126 | -€60,670 | ▲ 51.5% |
| Profit (loss) for the period9904 | -€129,541 | -€207,633 | -€38,567 | -€125,126 | -€60,670 | ▲ 51.5% |
| Profit (loss) for the period to be appropriated9905 | -€129,541 | -€207,633 | -€38,567 | -€125,126 | -€60,670 | ▲ 51.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,353 | €122,845 | €149,364 | €130,514 | €79,442 | ▼ 39.1% |
| Fixed assets21/28 | €111,319 | €107,858 | €111,956 | €73,076 | €34,305 | ▼ 53.1% |
| Intangible fixed assets21 | €111,319 | €107,858 | €111,956 | €73,076 | €34,305 | ▼ 53.1% |
| Current assets29/58 | €8,034 | €14,987 | €37,408 | €57,438 | €45,137 | ▼ 21.4% |
| Amounts receivable within one year40/41 | €6,197 | €14,696 | €22,266 | €6,290 | €41,400 | ▲ 558% |
| Trade receivables40 | - | €1,452 | €22,266 | €3,891 | €41,341 | ▲ 963% |
| Other amounts receivable41 | €6,197 | €13,244 | - | €2,399 | €59 | ▼ 97.5% |
| Cash at bank and in hand54/58 | €1,837 | €292 | €11,864 | €48,119 | €3,196 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | - | - | €3,278 | €3,030 | €541 | ▼ 82.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,353 | €122,845 | €149,364 | €130,514 | €79,442 | ▼ 39.1% |
| Equity10/15 | -€99,541 | -€307,173 | -€345,740 | -€470,867 | -€227,536 | ▲ 51.7% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €334,000 | ▲ 1,013% |
| Profit (loss) carried forward14 | -€129,541 | -€337,173 | -€375,740 | -€500,867 | -€561,536 | ▼ 12.1% |
| Amounts payable17/49 | €218,893 | €430,018 | €495,104 | €601,380 | €306,978 | ▼ 49.0% |
| Amounts payable after more than one year17 | - | €135,000 | €178,518 | €207,067 | €166,618 | ▼ 19.5% |
| Financial debts170/4 | - | €135,000 | €178,518 | €207,067 | €166,618 | ▼ 19.5% |
| Amounts payable within one year42/48 | €218,893 | €295,018 | €283,531 | €379,298 | €119,201 | ▼ 68.6% |
| Current portion of amounts payable after more than one year42 | - | - | €13,752 | €13,752 | €14,905 | ▲ 8.4% |
| Financial debts43 | - | - | €673 | - | - | - |
| Credit institutions430/8 | - | - | €673 | - | - | - |
| Trade debts44 | €138,893 | €245,018 | €215,286 | €315,364 | €46,526 | ▼ 85.2% |
| Suppliers440/4 | €138,893 | €245,018 | €215,286 | €315,364 | €46,526 | ▼ 85.2% |
| Taxes, remuneration and social security45 | - | - | €3,820 | - | €7,631 | - |
| Taxes450/3 | - | - | €3,820 | - | €7,631 | - |
| Other amounts payable47/48 | €80,000 | €50,000 | €50,000 | €50,182 | €50,140 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | €33,055 | €15,016 | €21,159 | ▲ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€129,541 | -€207,633 | -€38,567 | -€125,126 | -€60,670 | ▲ 51.5% |
| + Depreciation and write-downs630 | €14,513 | €29,054 | €38,881 | €38,881 | €38,770 | ▼ 0.3% |
| Operating cash flow (approximation) | -€115,027 | -€178,579 | €314 | -€86,246 | -€21,899 | ▲ 74.6% |
| Investment in fixed assets (approximation) | - | -€25,593 | -€42,980 | €0 | €0 | - |
| Change in cash | - | -€1,546 | €11,572 | €36,255 | -€44,923 | ▼ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
06-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 30 juli 2026
- Registered-office move, Halensebaan 121, 3290 Diest
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€207,633
Net result drops to -€207,633, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 2020
Ground area
406 m²
Building footprint
187 m²
Volume, LiDAR
884 m³
Parcel 24120B0121/00M000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Project ON
since 20202.305.974.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120B0121/00M000 | Flanders | 406 m² | 1 · 187 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,214 companies in sector 62900 we hold annual accounts for 1,743. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
47120Other non-specialised retail sale
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.