PROJECTIF
ActiveSummary
PROJECTIF has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €24k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 63% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-2
Solvency94▼-6
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 7.6 against 0.7 in 2024; short-term debt: 4% and cash: 11.3% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.6%
Return on assets
14%
Age of the figures
9 mo
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 07-04-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
31 d early
2023
24 d early
2022
36 d early
2021
32 d early
2020
37 d early
2019
39 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▼ 17.9%
2024 · €144k
2018: €128k
2019: €112k▼ -12.9% vs 2018
2020: €52k▼ -53.2% vs 2019lowest in 8 years
2021: €52k▲ +0.4% vs 2020
2022: €95k▲ +81.9% vs 2021
2023: €118k▲ +23.2% vs 2022
2024: €144k▲ +22.4% vs 2023highest in 8 years
2025: €118k▼ -17.9% vs 2024
2018 → 2025
Total assets
€172k▲ 2.2%
2024 · €169k
2018: €263khighest in 8 years
2019: €242k▼ -8.0% vs 2018
2020: €164k▼ -32.2% vs 2019
2021: €152k▼ -7.4% vs 2020lowest in 8 years
2022: €169k▲ +11.2% vs 2021
2023: €175k▲ +3.4% vs 2022
2024: €169k▼ -3.6% vs 2023
2025: €172k▲ +2.2% vs 2024
2018 → 2025
Net result
€24k▼ 8.2%
2024 · €26k
2018: €-61klowest in 8 years
2019: €-17k▲ +73.0% vs 2018
2020: €-59k▼ -260% vs 2019
2021: €189▲ +100% vs 2020
2022: €43k▲ +22609% vs 2021highest in 8 years
2023: €22k▼ -48.5% vs 2022
2024: €26k▲ +19.1% vs 2023
2025: €24k▼ -8.2% vs 2024
2018 → 2025
Working capital
€45k
2024 · €-7k
2018: €-82k
2019: €-86k▼ -4.7% vs 2018lowest in 8 years
2020: €-71k▲ +17.5% vs 2019
2021: €-59k▲ +17.2% vs 2020
2022: €-47k▲ +20.4% vs 2021
2023: €-40k▲ +14.8% vs 2022
2024: €-7k▲ +81.5% vs 2023
2025: €45k▲ +715% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€95k▲ 81.9%€118k▲ 23.2%€144k▲ 22.4%€118k▼ 17.9%
2021: €52klowest in 5 years
2022: €95k▲ +81.9% vs 2021
2023: €118k▲ +23.2% vs 2022
2024: €144k▲ +22.4% vs 2023highest in 5 years
2025: €118k▼ -17.9% vs 2024
Operating result€2k-€48k▲ 2,255%€25k▼ 48.0%€28k▲ 12.9%€30k▲ 7.7%
2021: €2klowest in 5 years
2022: €48k▲ +2255% vs 2021highest in 5 years
2023: €25k▼ -48.0% vs 2022
2024: €28k▲ +12.9% vs 2023
2025: €30k▲ +7.7% vs 2024
Net result€189-€43k▲ 22,609%€22k▼ 48.5%€26k▲ 19.1%€24k▼ 8.2%
2021: €189lowest in 5 years
2022: €43k▲ +22609% vs 2021highest in 5 years
2023: €22k▼ -48.5% vs 2022
2024: €26k▲ +19.1% vs 2023
2025: €24k▼ -8.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€120k ▼ 20.4%
Current assets
€52k ▲ 200%
Equity and liabilities €172k
Equity
€118k ▼ 17.9%
Provisions
€6k
Debt
€48k ▲ 95.5%
Debt's share of the balance-sheet total rises from 14.6% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▼
2024 · €63k
Cash flow
€41k▼
2024 · €62k
Current ratio
7.60▲
2024 · 0.70
Debt to equity
0.41▲
2024 · 0.17
ROE
20.5%▲
2024 · 18.3%
ROA
14.0%▼
2024 · 15.6%
Interest coverage
817.78▲
2024 · 431.93
Debt ≤ 1 year
€7k▼
2024 · €25k
Income taxes
€6k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€172k▲
Fixed assets21/28€151k€120k▼
Intangible fixed assets21€260€122▼
Tangible fixed assets22/27€151k€120k▼
Land and buildings22€43k€38k▼
Plant, machinery and equipment23€77k€73k▼
Furniture and vehicles24€31k€9k▼
Financial fixed assets28€400€400=
Current assets29/58€17k€52k▲
Amounts receivable within one year40/41€13k€13k▲
Trade receivables40€13k€13k▲
Cash at bank and in hand54/58€796€19k▲
Deferred charges and accrued income490/1€4k€19k▲
Equity and liabilities
Total equity and liabilities10/49€169k€172k▲
Equity10/15€144k€118k▼
Contributions10/11€101k€51k▼
Reserves13€78k€90k▲
Distributable reserves133€78k€90k▲
Profit (loss) carried forward14€-35k€-22k▲
Provisions and deferred taxes16-€6k
Provisions for liabilities and charges160/5-€6k
Other liabilities and charges164/5-€6k
Amounts payable17/49€25k€48k▲
Amounts payable within one year42/48€25k€7k▼
Trade debts44€1k€285▼
Suppliers440/4€1k€285▼
Taxes, remuneration and social security45€15k€7k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€7k-
Other amounts payable47/48€8k-
Accrued charges and deferred income492/3-€41k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€17k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€6k
Other operating charges640/8€4k€3k▼
Gross operating margin9900€67k€56k▼
Operating profit (loss)9901€28k€30k▲
Financial income75/76B-€14
Recurring financial income75-€14
Financial charges65/66B€147€58▼
Recurring financial charges65€147€58▼
Profit (loss) for the period before taxes9903€28k€30k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€26k€24k▼
Profit (loss) for the period to be appropriated9905€26k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-10k▲
Profit (loss) brought forward from the previous period14P€-48k€-35k▲
Transfer to equity691/2€13k€12k▼
To other reserves6921€13k€12k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €29k | €32k | €35k | €17k | ▼ 51.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €6k | - |
| Other operating charges640/8 | €3k | €6k | €3k | €4k | €3k | ▼ 14.5% |
| Gross operating margin9900 | €42k | €83k | €60k | €67k | €56k | ▼ 15.8% |
| Operating profit (loss)9901 | €2k | €48k | €25k | €28k | €30k | ▲ 7.7% |
| Financial income75/76B | - | - | - | - | €14 | - |
| Recurring financial income75 | - | - | - | - | €14 | - |
| Financial charges65/66B | €281 | €299 | €206 | €147 | €58 | ▼ 60.5% |
| Recurring financial charges65 | €281 | €299 | €206 | €147 | €58 | ▼ 60.5% |
| Profit (loss) for the period before taxes9903 | €2k | €48k | €25k | €28k | €30k | ▲ 8.1% |
| Income taxes67/77 | €2k | €5k | €3k | €2k | €6k | ▲ 268% |
| Profit (loss) for the period9904 | €189 | €43k | €22k | €26k | €24k | ▼ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €189 | €43k | €22k | €26k | €24k | ▼ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €169k | €175k | €169k | €172k | ▲ 2.2% |
| Fixed assets21/28 | €114k | €142k | €157k | €151k | €120k | ▼ 20.4% |
| Intangible fixed assets21 | €674 | €536 | €398 | €260 | €122 | ▼ 53.1% |
| Tangible fixed assets22/27 | €113k | €141k | €157k | €151k | €120k | ▼ 20.4% |
| Land and buildings22 | €58k | €53k | €48k | €43k | €38k | ▼ 12.2% |
| Plant, machinery and equipment23 | €23k | €18k | €58k | €77k | €73k | ▼ 4.9% |
| Furniture and vehicles24 | €32k | €70k | €50k | €31k | €9k | ▼ 70.5% |
| Financial fixed assets28 | - | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €38k | €27k | €18k | €17k | €52k | ▲ 200% |
| Amounts receivable within one year40/41 | €8k | €17k | €13k | €13k | €13k | ▲ 2.0% |
| Trade receivables40 | €8k | €17k | €13k | €13k | €13k | ▲ 2.0% |
| Cash at bank and in hand54/58 | €25k | €7k | €1k | €796 | €19k | ▲ 2,348% |
| Deferred charges and accrued income490/1 | €6k | €3k | €4k | €4k | €19k | ▲ 436% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €169k | €175k | €169k | €172k | ▲ 2.2% |
| Equity10/15 | €52k | €95k | €118k | €144k | €118k | ▼ 17.9% |
| Contributions10/11 | €92k | €92k | €101k | €101k | €51k | ▼ 49.6% |
| Reserves13 | €9k | €52k | €65k | €78k | €90k | ▲ 15.4% |
| Non-distributable reserves130/1 | €9k | €9k | - | - | - | - |
| Reserves not available under the articles1311 | €9k | €9k | - | - | - | - |
| Distributable reserves133 | - | €43k | €65k | €78k | €90k | ▲ 15.4% |
| Profit (loss) carried forward14 | €-48k | €-48k | €-48k | €-35k | €-22k | ▲ 35.3% |
| Provisions and deferred taxes16 | - | - | - | - | €6k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €6k | - |
| Other liabilities and charges164/5 | - | - | - | - | €6k | - |
| Amounts payable17/49 | €100k | €74k | €57k | €25k | €48k | ▲ 95.5% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €97k | €74k | €57k | €25k | €7k | ▼ 72.3% |
| Current portion of amounts payable after more than one year42 | €10k | €3k | - | - | - | - |
| Trade debts44 | €694 | €12 | €162 | €1k | €285 | ▼ 77.1% |
| Suppliers440/4 | €694 | €12 | €162 | €1k | €285 | ▼ 77.1% |
| Taxes, remuneration and social security45 | €10k | €19k | €10k | €15k | €7k | ▼ 56.3% |
| Taxes450/3 | €10k | €18k | €10k | €8k | €7k | ▼ 22.7% |
| Remuneration and social security454/9 | - | €750 | - | €7k | - | - |
| Other amounts payable47/48 | €76k | €52k | €47k | €8k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €41k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €189 | €43k | €22k | €26k | €24k | ▼ 8.2% |
| + Depreciation and write-downs630 | €37k | €29k | €32k | €35k | €17k | ▼ 51.5% |
| Operating cash flow (approximation) | €37k | €72k | €54k | €62k | €41k | ▼ 32.9% |
| Investment in fixed assets (approximation) | - | €-58k | €-47k | €-29k | €14k | ▲ 148% |
| Change in cash | - | €-18k | €-6k | €-311 | €19k | ▲ 6,100% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 11current ratio 7.60
Current ratio from 0.70 to 7.60; short-term debt falls from €25k to €7k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €118k ▲23.2%
3 profitable years in a row build equity to €118k.
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €43k ▲22,609%
Operating result €48k, net result €43k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €189
Net result €189 after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pepinster · 1 establishment unit since 1997
Ground area
2,778 m²
Building footprint
382 m²
Parcel 63071A0105/00A000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Tilleul 194, 4861 Pepinster
since 19972.080.604.864
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63071A0105/00A000 | Wallonia | 2,778 m² | 1 · 382 m² | - |
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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,850 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.