Financials
- Fiscal year
- 2025
- Total assets
- €113,532
- Loss
- -€14,446
- Solvency
- 55.7%
Total assets▼ 16.3%
Net result
20182025
PROJECTMANAGEMENT COUCKE
ActiveSummary
PROJECTMANAGEMENT COUCKE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,209 and a net result of -€14,446. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 60% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
What they do
Plumbing work
NACE 43221NACE 45332
1 site
How big
€113,532total assets 2025
- Equity
- €63,209
- Loss
- -€14,446
Turnover not published (abridged schema)
Who decides
- Parent
- Sagak · 100%
Accounts filed 28 d late0 of 3 deeds read
Why 63- Sector Specialised construction activities (NACE 43)- Loss of €14,446, the second in a row (FY 2025)- Liquidity: current ratio 2.49+ Size: total assets €113,532Show the evidence
Checked score
Score 2025
63
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 37% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
81-1
equity 55.7% of total assets
Liquidity
63+29
short-term debt 39.4%
Profitability
3-31
return on assets -12.7%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Sector Specialised construction activities (NACE 43) raises the probability
- Loss of €14,446, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 2.49 raises the probability
- Size: total assets €113,532 lowers the probability for this profile
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.49 in 2024; short-term debt: 39.4% of total assets), and 44.3% 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 (NACE 43, micro). Better than this share of them on solvency 60%, liquidity 61%, profitability 9%, growth against the median 18%. 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
1819202122232425
2018 to 2025 · latest year -€14,446
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
17 d early
2023
34 d early
2022
6 d early
2021
27 d early
2020
47 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 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 (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. Usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€14,446
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Board & ownership
- Parent
- Sagak · 100%
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 14-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 29-03-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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