Project PIT
ActiveSummary
Project PIT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,562 and a net result of €50,769. Its solvency ranks better than 48% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-07-2024 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 2 others
- Establishment unit
- 2.362.742.925 8791 Waregem, since 17-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2026
Board and ownership
Board
- GOERLANDT Frederik Viviane JozefDirector · since 17-07-2024
- Stephanie VandenbergheDirector · since 01-09-2024
Shareholders
- GOERLANDT Frederik Viviane Jozeffounderact of 19-07-2024
- VANDENBERGHE Stephanie Esther Zoëlfounderact of 19-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €68,182
- ▲ 160%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €50,769
- ▲ 156%
- Equity
- €73,562
- ▲ 223%
- Total assets
- €126,729
- ▲ 117%
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 2.22, cash €84,707Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €126,729Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 73% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Strong
Solvency
83+19
equity 58.0% of total assets
Liquidity
80+12
short-term debt 41.8% · cash 66.8%
Profitability
100=
return on assets 40.1%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 0.4%highest value
09-2025: < 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €7,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.22 (1.55 in 2024), above the usual 1.5. Short-term debt is 41.8% and cash 66.8% of total assets. 42% of the assets are financed with debt and provisions.
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 62, micro). It does better than 50% of them on solvency, 64% on liquidity, 82% on profitability and 96% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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).
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
Five signals.
lowers riskraises riskneutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
11 days early
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 9 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 2 filings
Turnover
≈ €130,000
Estimated: probably between €120,000 and €170,000
Total assets
€126,729▲ 117%
2024 · €58,454
Net result
€50,769▲ 156%
2024 · €19,793
Working capital
€64,572▲ 227%
2024 · €19,758
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€66,897
▲ 156%
2025
20242025
Net result
€50,769
▲ 156%
2025
middle half of the sector
20242025
Equity
€73,562
▲ 223%
2025
middle half of the sector
20242025
Total assets
€126,729
▲ 117%
2025
middle half of the sector
20242025
Debt
€53,167
▲ 49.1%
2025
20242025
Working capital
€64,572
▲ 227%
2025
middle half of the sector
20242025
Solvency
58.0%
▲ 19.1pp
2025
middle half of the sector
20242025
Current ratio
2.22
▲ 0.67
2025
middle half of the sector
20242025
Return on assets (ROA)
40.1%
▲ 6.2pp
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€26,121-€66,897▲ 156%
Net result€19,793within the sector's middle half-€50,769within the sector's middle half▲ 156%
Equity€22,793below the sector's middle half-€73,562within the sector's middle half▲ 223%
Total assets€58,454below the sector's middle half-€126,729within the sector's middle half▲ 117%
Debt€35,661-€53,167▲ 49.1%
Working capital€19,758within the sector's middle half-€64,572within the sector's middle half▲ 227%
Solvency39.0%within the sector's middle half-58.0%within the sector's middle half▲ 19.1pp
Current ratio1.55within the sector's middle half-2.22within the sector's middle half▲ 0.67
Return on assets (ROA)33.9%within the sector's middle half-40.1%above the sector's middle half▲ 6.2pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 156% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,729
Fixed assets
€9,239 ▲ 204%
Current assets
€117,489 ▲ 112%
Equity and liabilities €126,729
Equity
€73,562 ▲ 223%
Debt
€53,167 ▲ 49.1%
Debt's share of the balance-sheet total falls from 61.0% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,001▲
2024 · €26,148
Cash flow
€51,872▲
2024 · €19,821
Debt to equity
0.72▼
2024 · 1.56
ROE
69.0%▼
2024 · 86.8%
Interest coverage
29.39▼
2024 · 29.93
Debt ≤ 1 year
€52,917▲
2024 · €35,661
Income taxes
€13,823▲
2024 · €5,454
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €3,063 | €7,307 |
| Depreciation and write-downs of the year | €28 | €1,103 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28 | €1,103 | ▲ 40× |
| Other operating charges640/8 | €63 | €181 | ▲ 187% |
| Gross operating margin9900 | €26,212 | €68,182 | ▲ 160% |
| Operating profit (loss)9901 | €26,121 | €66,897 | ▲ 156% |
| Financial income75/76B | - | €8 | - |
| Recurring financial income75 | - | €8 | - |
| Financial charges65/66B | €874 | €2,314 | ▲ 165% |
| Recurring financial charges65 | €874 | €2,314 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €25,247 | €64,591 | ▲ 156% |
| Income taxes67/77 | €5,454 | €13,823 | ▲ 153% |
| Profit (loss) for the period9904 | €19,793 | €50,769 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €19,793 | €50,769 | ▲ 156% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €58,454 | €126,729 | ▲ 117% |
| Fixed assets21/28 | €3,036 | €9,239 | ▲ 204% |
| Tangible fixed assets22/27 | €3,036 | €9,239 | ▲ 204% |
| Plant, machinery and equipment23 | - | €1,779 | - |
| Furniture and vehicles24 | - | €1,672 | - |
| Other tangible fixed assets26 | €3,036 | €5,789 | ▲ 90.7% |
| Current assets29/58 | €55,419 | €117,489 | ▲ 112% |
| Amounts receivable within one year40/41 | €22,406 | €30,496 | ▲ 36.1% |
| Trade receivables40 | €22,406 | €30,496 | ▲ 36.1% |
| Cash at bank and in hand54/58 | €31,771 | €84,707 | ▲ 167% |
| Deferred charges and accrued income490/1 | €1,242 | €2,287 | ▲ 84.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €58,454 | €126,729 | ▲ 117% |
| Equity10/15 | €22,793 | €73,562 | ▲ 223% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €19,793 | €70,562 | ▲ 256% |
| Amounts payable17/49 | €35,661 | €53,167 | ▲ 49.1% |
| Amounts payable within one year42/48 | €35,661 | €52,917 | ▲ 48.4% |
| Trade debts44 | €2,292 | €9,278 | ▲ 305% |
| Suppliers440/4 | €2,292 | €9,278 | ▲ 305% |
| Taxes, remuneration and social security45 | €27,320 | €42,140 | ▲ 54.2% |
| Taxes450/3 | €21,665 | €37,435 | ▲ 72.8% |
| Remuneration and social security454/9 | €5,655 | €4,705 | ▼ 16.8% |
| Other amounts payable47/48 | €6,050 | €1,499 | ▼ 75.2% |
| Accrued charges and deferred income492/3 | - | €250 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,793 | €50,769 | ▲ 156% |
| + Depreciation and write-downs630 | €28 | €1,103 | ▲ 40× |
| Operating cash flow (approximation) | €19,821 | €51,872 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€7,307 | - |
| Change in cash | - | €52,935 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Project PIT has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Project PIT itself is lower: < 0.1% within 12 months. It rests on far more data about Project PIT than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Project PIT. 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.
Board & ownership
Directors
Directors
2 directors, no change since September 2024
GOERLANDT Frederik Viviane Jozef
Current
Director · since 17-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 20-07-2026
Stephanie Vandenberghe
Current
Director · since 01-09-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 20-07-2026
Owners and capital
Shareholders
At incorporation
act of 19-07-2024 ↗
- GOERLANDT Frederik Viviane Jozef €1,500
- VANDENBERGHE Stephanie Esther Zoël €1,500
Capital transactions
Capital over time
- 19-07-2024 Incorporation · €3,000 · 30 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| GOERLANDT Frederik Viviane Jozef |
|
| Stephanie Vandenberghe |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien…”
Articles of association, deed of 19-07-2024 (in Dutch)
Network & group
Project PIT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Project PIT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
20-07
micro format · 11 days before the deadline
2025
28-08
micro format · 28 days late
2024
21-11
Gazette deed
Appointment: Stephanie Vandenberghe (director)2 points ▸
Gazette deed
Appointment: Stephanie Vandenberghe (director)
2 points ▸
- General meeting, 30-08-2024
- Director appointment, Stephanie Vandenberghe
19-07
Gazette deed
IncorporationFounding capital of €3,000, 30 shares · Founders: GOERLANDT Frederik Viviane Jozef and VANDENBERGHE Stephanie Esther Zoël · Appointment: GOERLANDT Frederik Viviane Jozef (director)5 points ▸
Gazette deed
Incorporation
Founding capital of €3,000, 30 shares · Founders: GOERLANDT Frederik Viviane Jozef and VANDENBERGHE Stephanie Esther Zoël · Appointment: GOERLANDT Frederik Viviane Jozef (director)5 points ▸
- Incorporation, 17-07-2024
- Founder, GOERLANDT Frederik Viviane Jozef
- Founder, VANDENBERGHE Stephanie Esther Zoël
- Founding capital, €3,000, 30 shares
- Director appointment, GOERLANDT Frederik Viviane Jozef
- The act holds 1 more point.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 17 July 2024, Project PIT was incorporated as a private limited company by two natural persons, with a starting capital of €3,000.12 Of the 2 current board members, GOERLANDT Frederik Viviane Jozef has served longest, since 2024.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordName
Project PIT in Dutch
Enterprise number
1011.688.818
Legal form
Private limited company
Status
Active, normale toestand
Founded
17-07-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-07-2024 (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.
“Leenakkerstraat 48, 8791 Waregem (Beveren-Leie)”
deed of 19-07-2024 (in Dutch)Registered office and establishments
Registered office
Leenakkerstraat 48, 8791 Waregem, Belgium
Establishment unit
Project PIT, Leenakkerstraat 48, 8791 Waregem since 17-07-2024 · unit number 2.362.742.925
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62900
Other information technology and computer services
82990
Other business support services
Codes under NACEBEL 2008
62020
IT consultancy main activity
62090
Computer programming, consultancy and related activities
82990
Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 19-07-2024 (in Dutch)
“Alle verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest…”
29 activities
- Alle verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest ruime betekenis van het woord,omvattend–doch geenszins beperkt tot–het uitvoeren van alle studies en onderzoeken alsmede het verlenen van alle adviezen en alle bijstand inzake het geheel of enig deelaspect management,bestuur,de directie,ondernemingen,organisatiestructuren,hr-management,bedrijvigheden en verenigingen zonder onderscheid
- Aan-en verkoop,programmeren,zelf ontwikkelen en commercialisering van software,hardware,websites,computersystemen en aanverwante producten
- Het verlenen van bijstand,advies en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,finance,marketing,productie en ontwikkeling,processing,personeelszaken,strategie,verkoop,het uitvoeren van alle opdrachten,participatie onder de vorm van organisatiestudies,expertises,raadgevingen op alle gebied en het besturen van vennootschappen,dit alles in de meest ruime betekenis
- Het ontwikkelen,geven van voordrachten,organiseren,coachen en uitvoeren van opleidingen,seminaries,business meetings,beurzen en events,teambuildings,raden van adviezen diverse professionele contacten in de meest ruime zin
- Het uitoefenen van alle beheersmanagement,consultingopdrachten en functies in afhankelijke of onafhankelijke vennootschappen,bedrijven,ondernemingen en particulieren
- Het uitvoeren van alle administratieve activiteiten en dit in de ruimste zin van het woord
- Het adviseren en begeleiden van organisaties bij het optimaliseren van hun interne en externe communicatie
- Het zoeken,selecteren,verwijzen en plaatsen van personeel
- Het organiseren,ontwikkelen en aanbieden van wervings-en selectieactiviteiten
- Het testen op geschiktheid van sollicitanten,het natrekken van referenties,...
- Het bedenken,evalueren,ontwikkelen,opvolgen en implementeren van marketing-,communicatie-,reclame-en verkoopsondersteunende strategieën en acties,voor eigen diensten en goederen of voor rekening van derden
- Begeleiden en ontwikkelen van analyses,integraties,implementaties,outsourcing van informatiesystemen,software,hardware en computersystemen
- Plannen,begeleiden en beheren van informatiserings-en automatiseringstrajecten
- Advies bij investeringstrajecten inzake vervanging,uitbreiding,optimalisering van informatiesystemen
- Groothandel in computers,randapparatuur en software
- Detailhandel in computers,randapparatuur en software in gespecialiseerde winkels
- Maken van reportages en beeldmateriaal voor(online)publicaties
- Het ontwerpen,ontwikkelen,vervaardigen en commercialiseren van grafische communicatie in de meest brede zin van het woord(logo’s en huisstijlen ontwerpen,video,podcasts,advertenties opmaken,spandoeken maken,drukwerk voorbereiden,...)
- Het uitvoeren van alle studies en onderzoek,het verrichten van marktonderzoek,promotie,raadgeving,prospectie,marketing,techno-consult,assistentie op het gebied van management en consulting,het verlenen van advies op technisch,commercieel administratief,financieel en juridisch vlak
- Alle activiteiten van gespecialiseerde designers in de ruimste zin van het woord,het ontwerpen en uitwerken van diverse al dan niet promotionele artikelen
- De verkoop van al dan niet zelf ontworpen en zelf bedachte producten,online en/of offline
- Het uitvoeren,bewerken en commercialiseren van alle artistieke,industriële,mode-,actualiteits-en reclame film-,video-en fotowerken en reportages met inbegrip van digitale toepassingen
- De handel in,evenals de in-en uitvoer,het onderhouden en herstellen van alle fotografisch en cinematografisch materiaal,grondstoffen en toebehoren in verband met de fotografische,video-en cinematografische industrie,optische en precisie-artikelen
- E-commerce,webdesign en-hosting,...
- Begeleiden van verandertrajecten in ondernemingen
- Het geven van opleidingen en loopbaanbegeleiding/coaching aan individuen,in groep of voor organisaties
- Mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met voorwerp verwant of verknocht zijn of verwezenlijking ervan kunnen bevorderen
- Mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in ondernemingen,verenigingen of vennootschappen,die gelijkaardig,soortgelijk of samenhangend voorwerp hebben of nuttig zijn voor verwezenlijking van geheel of gedeelte van haar voorwerp
- Opsomming niet beperkend,zodat vennootschap alle handelingen kan stellen,die op welke wijze ook kunnen bijdragen tot verwezenlijking van haar voorwerp
Invoicing and payment
VAT number
BE 1011.688.818
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 19-07-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
433 m²
Building footprint
133 m²
Building volume
901 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34006B0350/00K004 | Flanders | 433 m² | 1 · 133 m² | 10.5 m · 2 |