Summary
PROJECTIVE HOLDING has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €111.42M and a net result of €-6.36M. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 3187 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
50 d early
2024
37 d early
2023
40 d early
2022
38 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€0▼ 100%
2024 · €2k
2024: €2k
2024 → 2025
EBIT margin
-1893.9%
Net result
€-6.36M▲ 62.4%
2024 · €-16.91M
2022: €1.02M
2023: €5.29M
2024: €-16.91M
2022 → 2025
Working capital
€-13.06M▲ 10.9%
2024 · €-14.66M
2022: €-4.03M
2023: €-20.38M
2024: €-14.66M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€2k€0▼ 100%
Equity€80.39M-€112.74M▲ 40.2%€117.78M▲ 4.5%€111.42M▼ 5.4%
Operating result€-1.06M-€-697k▲ 34.1%€-47k▲ 93.3%€305k
Net result€1.02M-€5.29M▲ 421%€-16.91M€-6.36M▲ 62.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €305k after a loss of €47k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159.93M
Fixed assets
€152.53M ▼ 5.3%
Current assets
€7.40M ▲ 0.6%
Equity and liabilities €159.93M
Equity
€111.42M ▼ 5.4%
Debt
€48.51M ▼ 4.2%
Debt's share of the balance-sheet total rises from 30.1% to 30.3%. Equity and debt are lower.
Key figures and ratios
ROE
-5.7%▲
2024 · -14.4%
ROA
-4.0%▲
2024 · -10.0%
Debt ≤ 1 year
€20.46M▼
2024 · €22.01M
Debt > 1 year
€27.97M▼
2024 · €28.38M
Income taxes
€2k▼
2024 · €2k
Staff costs
€872k▼
2024 · €931k
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 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€168.41M€159.93M▼
Fixed assets21/28€161.06M€152.53M▼
Intangible fixed assets21€204k€97k▼
Tangible fixed assets22/27€58k€56k▼
Plant, machinery and equipment23€58k€56k▼
Furniture and vehicles24€0-
Financial fixed assets28€160.79M€152.38M▼
Affiliated companies280/1€160.79M€152.38M▼
Participating interests280€156.53M€148.53M▼
Amounts receivable281€4.27M€3.85M▼
Current assets29/58€7.35M€7.40M▲
Amounts receivable after more than one year29€499k€1.17M▲
Other amounts receivable291€499k€1.17M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€915k€874k▼
Trade receivables40€641k€743k▲
Other amounts receivable41€274k€131k▼
Current investments50/53€5.13M€4.36M▼
Own shares50€5.13M€4.36M▼
Cash at bank and in hand54/58€141k€376k▲
Deferred charges and accrued income490/1€664k€620k▼
Equity and liabilities
Total equity and liabilities10/49€168.41M€159.93M▼
Equity10/15€117.78M€111.42M▼
Contributions10/11€128.38M€128.38M=
Capital10€124.86M€124.86M=
Issued capital100€124.86M€124.86M=
Outside capital11€3.52M€3.52M=
Share premium1100/10€3.38M€3.38M=
Other1109/19€145k€145k=
Reserves13€6.31M€6.31M=
Non-distributable reserves130/1€5.46M€4.68M▼
Legal reserve130€325k€325k=
Own shares acquired1312€5.13M€4.36M▼
Distributable reserves133€849k€1.63M▲
Profit (loss) carried forward14€-16.91M€-23.27M▼
Amounts payable17/49€50.63M€48.51M▼
Amounts payable after more than one year17€28.38M€27.97M▼
Financial debts170/4€28.38M€27.97M▼
Subordinated loans170€6.00M€6.72M▲
Credit institutions173€22.38M€21.25M▼
Amounts payable within one year42/48€22.01M€20.46M▼
Current portion of amounts payable after more than one year42€8.15M€4.78M▼
Financial debts43€12.33M€13.60M▲
Credit institutions430/8€12.33M€11.60M▼
Other loans439-€2.00M
Trade debts44€1.29M€596k▼
Suppliers440/4€1.29M€596k▼
Taxes, remuneration and social security45€88k€101k▲
Taxes450/3€5k€21k▲
Remuneration and social security454/9€84k€79k▼
Other amounts payable47/48€150k€1.38M▲
Accrued charges and deferred income492/3€236k€73k▼
Income statement
Code20242025
Operating income70/76A€5.51M€5.24M▼
Turnover70€2k€0▼
Other operating income74€5.51M€5.24M▼
Operating charges60/66A€5.56M€4.94M▼
Services and other goods61€4.43M€3.89M▼
Remuneration, social security and pensions62€931k€872k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€191k€172k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€3k
Operating profit (loss)9901€-47k€305k▲
Financial income75/76B€4.71M€4.22M▼
Recurring financial income75€4.71M€4.22M▼
Income from financial fixed assets750€4.56M€3.99M▼
Income from current assets751€141k€220k▲
Other financial income752/9€326€12k▲
Financial charges65/66B€21.56M€10.89M▼
Recurring financial charges65€2.08M€2.88M▲
Debt charges650€2.04M€2.87M▲
Other financial charges652/9€45k€13k▼
Non-recurring financial charges66B€19.48M€8.00M▼
Profit (loss) for the period before taxes9903€-16.91M€-6.36M▲
Income taxes67/77€2k€2k▼
Taxes670/3€2k€2k▼
Tax adjustments and reversals of tax provisions77€8€37▲
Profit (loss) for the period9904€-16.91M€-6.36M▲
Profit (loss) for the period to be appropriated9905€-16.91M€-6.36M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16.91M€-23.27M▼
Profit (loss) brought forward from the previous period14P€1k€-16.91M▼
Transfer to equity691/2€0-
To the legal reserve6920€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90879.38.6▼
The notes to these accounts (92 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-16.91M ▼419%
Net result drops to €-16.91M, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Highest result since 2022net €5.29M ▲421%
Net result €5.29M, the highest in the series.
31-12
Financial
Equity above €100MEq €112.74M ▲40.2%
2 profitable years in a row build equity to €112.74M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Machelen (Brab.) · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Kleetlaan 5A1831 Machelen (Brab.)Ground area
8,806 m²
Building footprint
1,328 m²
Volume, LiDAR
28,306 m³
Parcel 23015B0091/00Z003, Flanders · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
De Kleetlaan 5A, 1831 Machelen (Brab.)
since 20222.332.680.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00Z003 | Flanders | 8,805 m² | 1 · 1,328 m² | 26.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 subsidiaryPROJECTIVE HOLDINGBE 0786.786.893
controls
Where this company holds controlsubsidiary per the LEI register1
Mechelen · LEI lapsed
Recognitions · licences · registrations
Legal Entity Identifier
699400V1NV32FG3KN465
Similar companies · same sector, comparable size
HOLVE
BE 0473.804.616
Roeselare · Eq €110.91M
Romulus en Remus
BE 0885.967.019
Antwerpen · Eq €112.13M
BEVAFIN
BE 0864.616.527
Elsene · Eq €110.11M
SENINVEST
BE 0500.693.313
Brussel · Eq €113.43M
VT-INVEST
BE 0883.073.845
Aalter · Eq €113.90M
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 1,035 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
70100Activities of head offices
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.