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PROJECTFACTOR

Inactive
KBO/BCE: BE 0466.549.313

Inactive; last annual accounts for financial year 2022. Dissolved without liquidation on 04-10-2023.

PROJECTFACTORInactive

Overview

Activity
“Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, de vervreemding, het beheer…” (deed in Dutch)
From the articles, 15 activitiesNo NACE code in the KBO yet
Size
≈ €120,000turnover 2022, estimated
Equity
-€35,739
Profit
€11,179
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
Parent
VRAMDOR · 100%
3 of 6 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-07-2023, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2022
11 days early
2021
138 days early
2020
65 days early
2019
30 days early
2018
48 days early
2017
60 days early
2016
62 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 59 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Restructuring · End & cessationMerger · Accounting effect ·…
  2. Appointments: Veerle Miller (director) and Steven…Reappointments: Veerle Miller (director) and…
  3. Annual accounts filedfinancial year 2022 · abbreviated…

Financials · financial year 2022, abbreviated format

Turnover
≈ €120,000
Estimated: probably between €63,000 and €220,000
Total assets
€157,980▼ 10.9%
2021 · €177,405
Net result
€11,179▲ 238%
2021 · €3,308
Working capital
-€75,351▼ 7.4%
2021 · -€70,169
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

After the dip in 2020 the operating result has climbed two years in a row; 2022 is 28% above 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€12,263 2022 Net result€11,179 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result€23,843-€24,791▲ 4.0%-€3,279€9,615€12,263▲ 27.5%
Net result€13,949-€15,803▲ 13.3%-€11,380€3,308€11,179▲ 238%
Equity-€54,648--€38,845▲ 28.9%-€50,225▼ 29.3%-€46,917▲ 6.6%-€35,739▲ 23.8%
Total assets€247,737-€238,867▼ 3.6%€200,845▼ 15.9%€177,405▼ 11.7%€157,980▼ 10.9%
Debt€302,385-€277,711▼ 8.2%€251,071▼ 9.6%€224,323▼ 10.7%€193,719▼ 13.6%
Working capital-€47,791--€41,887▲ 12.4%-€64,200▼ 53.3%-€70,169▼ 9.3%-€75,351▼ 7.4%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €157,980
Fixed assets €144,386 ▼ 10.0%
Current assets €13,594 ▼ 19.7%
Equity and liabilities
Equity-€35,739
Debt€193,719
Equity is negative: debt (€193,719) exceeds the balance-sheet total (€157,980).
Key figures and ratios
2022 value · change against 2021
EBITDA
€28,363▼
2021 · €28,556
Cash flow
€27,279▲
2021 · €22,249
Solvency
-22.6%▲
2021 · -26.4%
Current ratio
0.15▼
2021 · 0.19
ROA
7.1%▲
2021 · 1.9%
Interest coverage
26.16
Debt ≤ 1 year
€88,945▲
2021 · €87,088
Debt > 1 year
€104,774▼
2021 · €137,235
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 39 lines
Balance sheet Code20212022
Assets
Total assets20/58€177,405€157,980▼
Fixed assets21/28€160,486€144,386▼
Tangible fixed assets22/27€160,236€144,136▼
Land and buildings22-€144,136
Financial fixed assets28€250€250=
Current assets29/58€16,919€13,594▼
Amounts receivable within one year40/41€79€421▲
Other amounts receivable41-€421
Cash at bank and in hand54/58€16,569€12,900▼
Deferred charges and accrued income490/1-€273
Equity and liabilities
Total equity and liabilities10/49€177,405€157,980▼
Equity10/15-€46,917-€35,739▲
Contributions10/11€74,500€74,500=
Capital10-€74,500
Issued capital100-€74,500
Reserves13€10,324€10,324=
Non-distributable reserves130/1-€10,324
Legal reserve130-€10,324
Profit (loss) carried forward14-€131,741-€120,563▲
Amounts payable17/49€224,323€193,719▼
Amounts payable after more than one year17€137,235€104,774▼
Financial debts170/4-€102,974
Other amounts payable178/9-€1,800
Amounts payable within one year42/48€87,088€88,945▲
Current portion of amounts payable after more than one year42-€30,221
Trade debts44€419€272▼
Suppliers440/4-€272
Other amounts payable47/48-€58,451
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,941€16,100▼
Other operating charges640/8-€4,432
Gross operating margin9900€32,893€32,795▼
Operating profit (loss)9901€9,615€12,263▲
Financial charges65/66B-€1,084
Recurring financial charges65€6,307€1,084▼
Profit (loss) for the period before taxes9903€3,308€11,179▲
Profit (loss) for the period9904€3,308€11,179▲
Profit (loss) for the period to be appropriated9905€3,308€11,179▲
Appropriation of the result
Profit (loss) to be appropriated9906--€120,563
Profit (loss) brought forward from the previous period14P--€131,741

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,293€16,234€16,234€18,941€16,100▼ 15.0%
Other operating charges640/8----€4,432-
Gross operating margin9900€46,093€45,766€17,261€32,893€32,795▼ 0.3%
Operating profit (loss)9901€23,843€24,791-€3,279€9,615€12,263▲ 27.5%
Financial charges65/66B----€1,084-
Recurring financial charges65€9,894€8,988€8,101€6,307€1,084▼ 82.8%
Profit (loss) for the period before taxes9903€13,949€15,803-€11,380€3,308€11,179▲ 238%
Profit (loss) for the period9904€13,949€15,803-€11,380€3,308€11,179▲ 238%
Profit (loss) for the period to be appropriated9905€13,949€15,803-€11,380€3,308€11,179▲ 238%
Line20182019202020212022Change
Assets
Total assets20/58€247,737€238,867€200,845€177,405€157,980▼ 10.9%
Fixed assets21/28€211,896€195,662€179,428€160,486€144,386▼ 10.0%
Tangible fixed assets22/27€211,646€195,412€179,178€160,236€144,136▼ 10.0%
Land and buildings22----€144,136-
Financial fixed assets28€250€250€250€250€250=
Current assets29/58€35,841€43,205€21,418€16,919€13,594▼ 19.7%
Amounts receivable within one year40/41€262€449€321€79€421▲ 432%
Other amounts receivable41----€421-
Cash at bank and in hand54/58€35,580€42,756€20,834€16,569€12,900▼ 22.1%
Deferred charges and accrued income490/1----€273-
Equity and liabilities
Total equity and liabilities10/49€247,737€238,867€200,845€177,405€157,980▼ 10.9%
Equity10/15-€54,648-€38,845-€50,225-€46,917-€35,739▲ 23.8%
Contributions10/11€74,500€74,500€74,500€74,500€74,500=
Capital10----€74,500-
Issued capital100----€74,500-
Reserves13€10,324€10,324€10,324€10,324€10,324=
Non-distributable reserves130/1----€10,324-
Legal reserve130----€10,324-
Profit (loss) carried forward14-€139,472-€123,669-€135,049-€131,741-€120,563▲ 8.5%
Amounts payable17/49€302,385€277,711€251,071€224,323€193,719▼ 13.6%
Amounts payable after more than one year17€218,752€192,619€165,453€137,235€104,774▼ 23.7%
Financial debts170/4----€102,974-
Other amounts payable178/9----€1,800-
Amounts payable within one year42/48€83,633€85,092€85,618€87,088€88,945▲ 2.1%
Current portion of amounts payable after more than one year42----€30,221-
Trade debts44-€508€0€419€272▼ 35.0%
Suppliers440/4----€272-
Other amounts payable47/48----€58,451-
Line20182019202020212022Change
Profit (loss) for the period9904€13,949€15,803-€11,380€3,308€11,179▲ 238%
+ Depreciation and write-downs630€18,293€16,234€16,234€18,941€16,100▼ 15.0%
Operating cash flow (approximation)€32,242€32,037€4,854€22,249€27,279▲ 22.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€7,177-€21,923-€4,265-€3,670▲ 13.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
31-12-2022 abbreviated format 20-07-2023 2023-00254206
31-12-2021 abbreviated format 15-03-2022 2022-08000077
31-12-2020 abbreviated format 27-05-2021 2021-16200076
31-12-2019 abbreviated format 01-07-2020 2020-24700540
31-12-2018 micro format 13-06-2019 2019-18300120
31-12-2017 micro format 01-06-2018 2018-15900313
31-12-2016 abbreviated format 30-05-2017 2017-14000293
31-12-2015 abbreviated format 06-07-2016 2016-28500321
31-12-2014 abbreviated format 20-07-2015 2015-34200215
31-12-2013 abbreviated format 08-07-2014 2014-28300011

Show all 22 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, 2 in day-to-day management, last change in 2023

Board 2

Steven Pauwels
Director · since 04-05-2023
Current
Veerle Miller
Director · since 04-05-2023
Current

Day-to-day management 2

Steven Pauwels
Managing director · since 04-05-2023
Current
Veerle Miller
Managing director · since 04-05-2023
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 6 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 2 in office
Show
  • Board
  • Day-to-day management
Mandates per person, with start and end dates
Name Functions and periods
Steven Pauwels
  • Director, from 04-05-2023 to date
  • Managing director, from 04-05-2023 to date
Veerle Miller
  • Director, from 04-05-2023 to date
  • Managing director, from 04-05-2023 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. Choco consolidates
  2. VRAMDOR 100%
  3. PROJECTFACTOR

Highest known parent: Choco. The sources do not say who stands above it.

Owners 2

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 22-11-2023 ↗
  • VRAMDOR all shares
Stated in the act act of 29-06-2023 ↗
  • VRAMDOR (BE 0802.727.458) all shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 29-06-2023 Capital stated in the deed · €74,500 · 3,000 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Acquisitions and mergers

1 transaction
Taken over by:VRAMDOR
BE 0802.727.458operation treated as a merger by absorption · Gazette deed of 22-11-2023 (3 acts) · effective 04-10-2023

History

PROJECTFACTOR has filed 22 sets of annual accounts, the latest for financial year 2022.1 In 2023 the company was absorbed by merger into VRAMDOR.2

  1. 1National Bank, annual accounts 2022
  2. 2Belgian Official Gazette, 22-11-2023

Acts, filings and financial milestones

2023
22-11
Gazette deed Restructuring · End & cessation
Merger · Accounting effect · Shareholding10 facts ▸
  • General meeting, 04-10-2023
  • Other provision, “afstand tussentijdse cijfers, tussentijdse cijfers bedoeld in die paragraaf onder lid 1, 4°” (deed in Dutch)
  • Merger, “met fusie door overneming gelijkgestelde verrichting, fusievoorstel” (deed in Dutch)
  • Accounting effect, 01-01-2023
  • Shareholding, VRAMDOR
  • Other provision, “geen nieuwe aandelen, geen nieuwe aandelen van verkrijgende vennootschap VRAMDOR gecreëerd in vergoeding voor overgang volledige vermogen” (deed in Dutch)
  • Other provision, “geen bijzondere rechten, geen andere effecten, geen bijzondere regeling” (deed in Dutch)
  • Other provision, “geen bijzondere voordelen bestuursorganen, leden van de bestuursorganen van de te fuseren vennootschappen” (deed in Dutch)
  • Dissolution, 04-10-2023
  • Other provision, 04-10-2023
23-08
Gazette deed Appointments: Veerle Miller (director) and Steven Pauwels (director)
Reappointments: Veerle Miller (director) and Steven Pauwels (director)12 facts ▸
  • General meeting, 02-06-2023
  • Director appointment, Veerle Miller (director)
  • Director appointment, Steven Pauwels (director)
  • Director reappointment, Veerle Miller (director)
  • Director reappointment, Steven Pauwels (director)
  • Board meeting, 02-06-2023
  • Director appointment, Veerle Miller (managing director)
  • Director appointment, Steven Pauwels (managing director)
  • Director reappointment, Veerle Miller (managing director)
  • Director reappointment, Steven Pauwels (managing director)
  • Board composition, Veerle Miller (director and managing director)
  • Board composition, Steven Pauwels (director and managing director)
20-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
29-06
Gazette deed Restructuring
Merger · Demerger · Capital28 facts ▸
  • Merger, “met fusie door overneming gelijkgestelde fusie (geruisloze fusie), totaliteit van het vermogen,de rechten en verplichtingen” (deed in Dutch)
  • Demerger, “partiële splitsing, eerste luik” (deed in Dutch)
  • Other provision, “afzonderlijke splitsings- en fusievoorstellen en afzonderlijke splitsings- en fusiebalansen, notariële aktes op dezelfde dag” (deed in Dutch)
  • Other provision, “gehele vermogen PROJECTFACTOR,zowel rechten als verplichtingen,overdragen aan VRAMDOR” (deed in Dutch)
  • Other provision, “fiscale verliezen en aftrekposten, Over Te Nemen Vennootschap beschikt op datum boekhoudkundige en fiscale uitwerking over fiscale verliezen beperkt overeenkoms…” (deed in Dutch)
  • Other provision, “directe belastingen, voornamelijk ingegeven vanuit zakelijke overwegingen,geen fiscale motieven” (deed in Dutch)
  • Other provision, “registratierechten”, EUR (deed in Dutch)
  • Other provision, “btw-neutraliteit, voldaan aan voorwaarden artikelen 11 jo.18,§3 W.btw” (deed in Dutch)
  • Other provision, “verkeersbelasting, geen rollend materieel onderworpen aan verkeersbelasting wordt overgedragen” (deed in Dutch)
  • Capital, €74,500
  • Shareholding, “datum van de fusieakte” (deed in Dutch)
  • Board composition, Steven Pauwels (director) (2 times)
  • +16 further facts in this act
2022
15-03
NBB filing Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial Back to profitnet €3,308
Net result €3,308 after one loss-making year.
27-05
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial Weakest financial yearnet -€11,380
Net result drops to -€11,380, the lowest in the series.
01-07
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial Highest result from 2018 to 2022net €15,803 ▲13.3%
Operating result €24,791, net result €15,803, both a record.
13-06
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
01-06
NBB filing Annual accounts filed
financial year 2017 · micro format
Show earlier events
2017
30-05
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
2016
06-07
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2015
20-07
NBB filing Annual accounts filed
financial year 2014 · abbreviated format
2014
08-07
NBB filing Annual accounts filed
financial year 2013 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 22 annual accounts filed, the latest 10 are here; all 22 are under Financials.
3 of 6 deeds read
About the unread acts

Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.
Inactive

Absorbed by VRAMDOR in October 2023

PROJECTFACTOR is no longer in the KBO register: VRAMDOR took it over in a merger by absorption, published in the Belgian Official Gazette on 22 November 2023.

Status
Inactive
Reason
Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 22 November 2023 · act
Absorbed by
VRAMDOR · 0802.727.458
Last annual accounts
financial year to 31 December 2022
Last registered office
Van Baurscheitlaan 16-18, 2100 Deurne (Antwerpen)as published on 22 November 2023
Legal form
Public limited company
Active since
2001 (first annual accounts)
Official KBO record

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Articles of association

PurposeThe activities the company may carry out under its articles.
“Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, de vervreemding, het beheer, de uitbating, de valorisatie, de…” (deed in Dutch)
15 activities (deed in Dutch)
  1. Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, de vervreemding, het beheer, de uitbating, de valorisatie, de verkaveling, de ordening, de huur, de verhuur, het doen bouwen en verbouwen, de procuratie.
  2. Het analyseren, ontwerpen, ontwikkelen, verkopen, verhuren, informatieverspreiding en implementeren van computertoepassingen die het leren, onderwijzen en de informatieverspreiding ondersteunen. Evenals het ontwikkelen en verkopen van computertoepassingen die voormelde analyse, ontwerp- en ontwikkelingsprocessen zelf ondersteunen.
  3. Ontwikkelen van internetsites
  4. Hosten van internetsites
  5. Verhuren van internetsites
  6. De verkoop en distributie van computertoepassingen zoals vermeld onder 1, die door derden werden ontwikkeld; van alle producten en diensten in verband met leertechnologie, computerondersteunend onderwijs en informatieverspreiding; Kleinhandel in computers en standaardprogrammatuur; Verhuur van standaardprogrammatuur; Het ontwerpen van publicitaire teksten, slogans, films en artikelen; Het verlenen van dienstprestaties van technische en economische aard aan binnen- en buitenlandse bedrijven, verenigingen, zelfstandige ondernemers, privé personen, overheids- en publieke instellingen, intercommunales, rechtbanken enzovoort.
  7. Dit als interim, overbruggings-, en veranderings-, en projectmanager, als adviseur, consulent, al of niet onafhankelijk deskundige agent, vertegenwoordiger, als aangestelde, opdrachthouder, gevolmachtigde, als bestuurder, commissaris of als lid van de bestuurs-of toezichthoudende organen of onder welke vorm dan ook.
  8. Controle in de meest ruime zin, van alle aspecten van het beheer en aktiviteit.
  9. Studies, advies, analyse of doorlichting van het geheel of van een deel van activiteiten, bestaande of nog op te richten of van de omgeving van deze activiteiten.
  10. De eventuele invoering, organisatie, planning, bijsturing of tenuitvoerlegging van de aldus bekomen conclusies en de controle op hun vooruitgang.
  11. Opleiding, begeleiding en coaching van de betrokken personen en/of bedrijven en dit zowel individueel als in groep alsmede het ontwikkelen, verwerven en ter beschikking stellen van opleidingsmiddelen.
  12. Het verwerven, het beheren en besturen van participaties in vennootschappen of van ondernemingen, coöperatieven en vereniginger door middel van inbreng, fusie, onderschrijving, en dit als aandeelhouder, bestuurder, gevolmachtigde, raadsman, vereffenaar of gedelegeerde.
  13. Het verwerven, het beheren en in waarde stellen van brevetten, octrooien, licenties, broncodes, auteursrechten en alle andere al dan niet intellectuele rechten
  14. Het inrichten, organiseren en creëren van reclamecampagnes, promoties, directmarketing, activiteiten, evenementen, beurzen, persconferenties en feestelijkheden en/f uitgeven van magazines, drukwerken, brochures en audiovisuele producties, inbegrepen het verwerven en aankopen van publiciteitsruimte of-tijd en het contacteren van artiesten of de benodigde faciliteiten en accommodatie.
  15. Zij mag zonder uitzondering alle commerciële, industriële, financiële roerende en onroerende handelingen stelien en verrichtingen doen die rechtstreeks on rechtstreeks, geheel of gedeeltelijk in verband staan met haar doel of die eenvoudig nuttig of aangewezen zijn om de verwezenlijking van dit doel te vergemakkelijken.

The full purpose is in the deed

Other provisionsOther rules from the articles that fall under none of the themes above.
2 more provisions in the deed, see the deed of 29-06-2023

Read from the deeds: 3 provisions, deed of 29-06-2023