PROJECTMANAGEMENT
ActiveSummary
PROJECTMANAGEMENT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €517,817 and a net result of €102,118. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 91% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 11.77 against 9.49 in 2023; short-term debt: 7.7% and cash: 13.1% of total assets), and 13.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
86.1%
Return on assets
17%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-03-2025, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
148 d early
2023
14 d late
2022
18 d early
2021
33 d early
2020
4 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€517,817▲ 24.6%
2023 · €415,699
Total assets
€601,424▲ 29.2%
2023 · €465,455
Net result
€102,118▲ 2.0%
2023 · €100,117
Working capital
€496,505▲ 26.1%
2023 · €393,610
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€75,496▲ 77.0%€52,241▼ 30.8%€59,020▲ 13.0%€131,220▲ 122%€124,125▼ 5.4%
Net result€49,823above the sector's middle half▲ 40.8%€35,822above the sector's middle half▼ 28.1%€22,170within the sector's middle half▼ 38.1%€100,117above the sector's middle half▲ 352%€102,118above the sector's middle half▲ 2.0%
Equity€257,590above the sector's middle half▲ 31.8%€293,413above the sector's middle half▲ 13.9%€315,582above the sector's middle half▲ 7.6%€415,699above the sector's middle half▲ 31.7%€517,817above the sector's middle half▲ 24.6%
Total assets€355,669above the sector's middle half▲ 56.0%€375,755above the sector's middle half▲ 5.6%€371,982above the sector's middle half▼ 1.0%€465,455above the sector's middle half▲ 25.1%€601,424above the sector's middle half▲ 29.2%
Debt€98,079▲ 201%€82,343▼ 16.0%€56,399▼ 31.5%€49,756▼ 11.8%€83,607▲ 68.0%
Working capital€240,760▲ 23.9%€273,019▲ 13.4%€296,069▲ 8.4%€393,610▲ 32.9%€496,505▲ 26.1%
Solvency72.4%above the sector's middle half▼ 13.3pp78.1%above the sector's middle half▲ 5.7pp84.8%above the sector's middle half▲ 6.8pp89.3%above the sector's middle half▲ 4.5pp86.1%above the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €601,424
Fixed assets
€58,839 ▲ 131%
Current assets
€542,585 ▲ 23.3%
Equity and liabilities €601,424
Equity
€517,817 ▲ 24.6%
Debt
€83,607 ▲ 68.0%
Debt's share of the balance-sheet total rises from 10.7% to 13.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148,155▲
2023 · €148,069
Cash flow
€126,147▲
2023 · €116,966
Current ratio
11.77▲
2023 · 9.49
Debt to equity
0.16▲
2023 · 0.12
ROE
19.7%▼
2023 · 24.1%
ROA
17.0%▼
2023 · 21.5%
Interest coverage
-966.82▼
2023 · -13.63
Debt ≤ 1 year
€46,080▼
2023 · €46,388
Debt > 1 year
€35,755▲
2023 · €2,659
Income taxes
€53,445▲
2023 · €50,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,291 | €16,370 | €16,485 | €16,849 | €24,030 | ▲ 42.6% |
| Other operating charges640/8 | - | €613 | €734 | €1,016 | €1,489 | ▲ 46.6% |
| Gross operating margin9900 | €90,602 | €69,224 | €76,238 | €149,085 | €149,644 | ▲ 0.4% |
| Operating profit (loss)9901 | €75,496 | €52,241 | €59,020 | €131,220 | €124,125 | ▼ 5.4% |
| Financial income75/76B | - | €3,070 | €13,566 | €8,188 | €31,285 | ▲ 282% |
| Recurring financial income75 | €1,074 | €3,070 | €13,566 | €8,188 | €31,285 | ▲ 282% |
| Financial charges65/66B | - | €2,208 | €30,517 | -€10,865 | -€153 | ▲ 98.6% |
| Recurring financial charges65 | €6,200 | €2,208 | €30,517 | -€10,865 | -€153 | ▲ 98.6% |
| Profit (loss) for the period before taxes9903 | €70,370 | €53,103 | €42,068 | €150,273 | €155,563 | ▲ 3.5% |
| Income taxes67/77 | €20,547 | €17,280 | €19,899 | €50,156 | €53,445 | ▲ 6.6% |
| Profit (loss) for the period9904 | €49,823 | €35,822 | €22,170 | €100,117 | €102,118 | ▲ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €49,823 | €35,822 | €22,170 | €100,117 | €102,118 | ▲ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,669 | €375,755 | €371,982 | €465,455 | €601,424 | ▲ 29.2% |
| Fixed assets21/28 | €66,307 | €54,483 | €37,998 | €25,457 | €58,839 | ▲ 131% |
| Tangible fixed assets22/27 | €66,307 | €54,483 | €37,998 | €25,457 | €58,839 | ▲ 131% |
| Plant, machinery and equipment23 | - | €788 | €689 | €473 | €257 | ▼ 45.6% |
| Furniture and vehicles24 | - | €53,695 | €37,309 | €24,984 | €58,582 | ▲ 134% |
| Current assets29/58 | €289,362 | €321,272 | €333,984 | €439,997 | €542,585 | ▲ 23.3% |
| Amounts receivable within one year40/41 | €26 | €322 | €2,174 | €21,091 | €6,859 | ▼ 67.5% |
| Trade receivables40 | - | €322 | €0 | €15,992 | €6,859 | ▼ 57.1% |
| Other amounts receivable41 | - | - | €2,174 | €5,099 | €0 | ▼ 100% |
| Current investments50/53 | €54,300 | €170,550 | €131,952 | €391,828 | €456,169 | ▲ 16.4% |
| Cash at bank and in hand54/58 | €235,037 | €150,401 | €199,858 | €27,078 | €78,581 | ▲ 190% |
| Deferred charges and accrued income490/1 | - | - | - | - | €976 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,669 | €375,755 | €371,982 | €465,455 | €601,424 | ▲ 29.2% |
| Equity10/15 | €257,590 | €293,413 | €315,582 | €415,699 | €517,817 | ▲ 24.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €238,998 | €274,821 | €296,990 | €397,107 | €499,225 | ▲ 25.7% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €272,961 | €295,131 | €395,248 | €497,366 | ▲ 25.8% |
| Amounts payable17/49 | €98,079 | €82,343 | €56,399 | €49,756 | €83,607 | ▲ 68.0% |
| Amounts payable after more than one year17 | €49,477 | €34,089 | €18,484 | €2,659 | €35,755 | ▲ 1,245% |
| Financial debts170/4 | - | €34,089 | €18,484 | €2,659 | €35,755 | ▲ 1,245% |
| Amounts payable within one year42/48 | €48,602 | €48,253 | €37,915 | €46,388 | €46,080 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €15,388 | €15,605 | €15,825 | €12,283 | ▼ 22.4% |
| Trade debts44 | €64 | €736 | €1,405 | €769 | €948 | ▲ 23.4% |
| Suppliers440/4 | - | €736 | €1,405 | €769 | €948 | ▲ 23.4% |
| Taxes, remuneration and social security45 | - | €23,715 | €16,858 | €29,794 | €31,529 | ▲ 5.8% |
| Taxes450/3 | - | €20,994 | €16,858 | €29,794 | €31,529 | ▲ 5.8% |
| Remuneration and social security454/9 | - | €2,721 | €0 | - | - | - |
| Other amounts payable47/48 | - | €8,415 | €4,047 | €0 | €1,319 | - |
| Accrued charges and deferred income492/3 | - | - | - | €709 | €1,772 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,823 | €35,822 | €22,170 | €100,117 | €102,118 | ▲ 2.0% |
| + Depreciation and write-downs630 | €14,291 | €16,370 | €16,485 | €16,849 | €24,030 | ▲ 42.6% |
| Operating cash flow (approximation) | €64,114 | €52,193 | €38,654 | €116,966 | €126,147 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€4,546 | €0 | -€4,309 | -€57,411 | ▼ 1,232% |
| Change in cash | - | -€84,636 | €49,457 | -€172,780 | €51,503 | ▲ 130% |
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
2025
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €102,118 ▲2%
Net result €102,118, the highest in the series.
31-12
Financial
Equity above €500,000Eq €517,817 ▲24.6%
7 profitable years in a row build equity to €517,817.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €257,590 ▲31.8%
3 profitable years in a row build equity to €257,590.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wommelgem · 1 establishment unit since 2000
Ground area
1,117 m²
Building footprint
209 m²
Volume, LiDAR
1,321 m³
Parcel 11052A0296/00R004, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Van Asschestraat 102, 2160 Wommelgem
since 20002.116.023.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0296/00R004 | Flanders | 1,117 m² | 1 · 209 m² | 9.6 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900SKL2F6EG58PN33
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,054 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 (pre-2019)
Founded11-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472360108
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.