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Active
BE 0816.918.558Private limited company (pre-2019)Open bankruptcy
PROJECT WORKS
Driehoek 17 ·2940 Stabroek, Belgium· 17 yrs active
Sector: Joinery
(43320)
Conclusion
A bankruptcy procedure is open for PROJECT WORKS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €26k and a net result of €-42k.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €26k |
| Net result | €-42k |
| Better than sector | 16% |
| Active | 17 yrs |
Snowflake analysis
11
/ 100
Fragile profile, watch health in particular.
Health
0
Profitability
0
Solvency
21
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-10-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.7% | 36.4% | |
| Net result | €-42k | €13k | |
| Equity | €26k | €26k | |
| Gross operating margin | €-26k | €32k | |
| Total assets | €263k | €86k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-26k
-
far below sector median
€-42k
-
far below sector median
€-41k
-
far below sector median
€263k
-10.8%
+28% vs sector
€26k
-62.2%
-74% vs sector
€38k
-61.0%
-69% vs sector
€429
-
-100% vs sector
€293
-39.1%
-98% vs sector
€237k
+4.4%
+119% vs sector
€217k
+16.0%
far above sector median
€20k
-17.5%
far above sector median
1.18
-22.9%
-77% vs sector
1.17
-9.2%
-77% vs sector
9.7%
-57.6%
-83% vs sector
9.30
+175.9%
far above sector median
-164.3%
-
far below sector median
-16.0%
-
far below sector median
-1.58
-
far below sector median
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €-26k |
| Net profit | €-42k |
| Cash flow | €-41k |
| Staff costs | - |
| Income taxes | €293 |
| Dividends | - |
| Total assets | €263k |
| Equity | €26k |
| Debt | €237k |
| of which ≤ 1y | €217k |
| of which > 1y | €20k |
| Working capital | €38k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.18 |
| Quick ratio | 1.17 |
| Working capital ratio | 14.6% |
| Solvency | 9.7% |
| Debt / equity | 9.30 |
| Long-term debt ratio | 0.78 |
| Interest coverage | -1.58 |
| Gross margin | - |
| Net margin | - |
| ROA | -16.0% |
| ROE | -164.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €263k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €1k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €256k |
| Stocks & contracts in progress | 3 | €3k |
| Amounts receivable within one year | 40/41 | €161k |
| Cash & bank | 54/58 | €102 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €263k |
| Equity | 10/15 | €26k |
| Contributions / capital | 10/11 | €12k |
| Reserves | 13 | €40k |
| Accumulated profits (losses) | 14 | €-27k |
| Amounts payable | 17/49 | €237k |
| Amounts payable after one year | 17 | €20k |
| Amounts payable within one year | 42/48 | €217k |
| Trade debts payable within one year | 44 | €114k |
| Income statement | ||
| Gross operating margin | 9900 | €-26k |
| Operating result | 9901 | €-27k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €17k |
| Result before taxes | 9903 | €-42k |
| Income taxes | 67/77 | €293 |
| Net result for the period | 9904 | €-42k |
| Result to be appropriated | 9905 | €-42k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | WILFRIED JORIS MARKTPLEIN 22, 2110 WIJNEGEM- |
11-04-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Joinery(43320) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-07-2009 |
| Status | Active |
| Postal code | 2940 |
| First BS signal | 19-04-2024 |
| Latest BS signal | 19-04-2024 |
Company structure, linked entities
Mandates
Establishment units
Project Works
since 20092.179.937.814
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044A0013/00T003 | Flanders | 710 m² | 1 · 151 m² | 9.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2024
19-04-2024
Bankruptcy
Opening
2023
18-10-2023
NBB filing
Annual accounts filed
2022
17-08-2022
NBB filing
Annual accounts filed
2021
12-07-2021
NBB filing
Annual accounts filed
2020
22-09-2020
NBB filing
Annual accounts filed
2019
20-06-2019
NBB filing
Annual accounts filed
2018
07-08-2018
NBB filing
Annual accounts filed
2017
28-08-2017
NBB filing
Annual accounts filed
2016
22-08-2016
NBB filing
Annual accounts filed
2015
28-08-2015
NBB filing
Annual accounts filed
2014
10-10-2014
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
19-04-2024
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Schrijnwerk43320Schrijnwerk43320Installatie van isolatie43230Isolatiewerkzaamheden43291Plaatsen van vloerbedekking en wandbekleding van hout43332Plaatsen van vloerbedekking en wandbekleding van hout43332Glaszetten43343Glaszetten43343
Primary activity highlighted.
Names & trade names
| Legal nameNL | PROJECT WORKS |
Registered office
Driehoek 17
2940 Stabroek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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