Financials
- Fiscal year
- 2025
- Total assets
- €432,724
- Loss
- -€2,839
- Solvency
- 13.0%
Total assets=
Net result
20192025
Project-Z
ActiveSummary
Project-Z has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,357 and a net result of -€2,839. Equity is growing by ~18.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
What they do
Activity not known1 site
How big
€432,724total assets 2025
- Equity
- €56,357
- Loss
- -€2,839
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 4 d early0 of 3 deeds read
Why 78- Liquidity: current ratio 0.00, cash €11, halved- Loss of €2,839, the second in a row (FY 2025)- Equity €56,357 (13.0% of total assets)+ Size: total assets €432,724Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Better than 22% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
38-1
equity 13.0% of total assets
Liquidity
2=
short-term debt 86.9% · cash 0.0%
Profitability
36+1
return on assets -0.7%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €432,724 lowers the probability for this profile
- Liquidity: current ratio 0.00, cash €11, halved raises the probability
- Loss of €2,839, the second in a row (FY 2025) raises the probability
- Equity €56,357 (13.0% of total assets) raises the probability
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 86.9% and cash: 0% of total assets), and 87% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 24%, liquidity 6%, profitability 26%, growth against the median 31%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,839
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
18 d early
2023
21 d early
2022
40 d early
2021
20 d early
2020
13 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€5,145
Key points
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-01-2027
- 27-01-2026Annual accounts filed
- 13-01-2025Annual accounts filed
- 30-06-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 27-05-2009
- Year ends
- 30-06
- Peppol
- Not found in the Peppol directory
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