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Projects 36

Active
Private limited companyfounded 2024active for 2 yearsAlfred Coolsstraat 12, 2020 Antwerpen, BelgiumKBO/BCE: BE 1013.538.449
Summary

Projects 36 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,120 and a net result of €24,120. Its solvency ranks better than 30% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
≈ €180,000turnover 2025, estimated
Equity
€31,120
Profit
€24,120
Turnover estimated from the gross margin
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts 28 days early
Why 88raises riskEquity €31,120 (7.8% of total assets)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 0.27, cash €100,686Size: total assets €400,686Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 32% of its sector peers (NACE 68, micro)
Financial strength
Weak
Solvency 33
equity 7.8% of total assets
Liquidity 31
short-term debt 92.2% · cash 25.1%
Profitability 53
return on assets 6.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,631 companies, NACE 68, micro)
Last 24 months 10-2025: 0.7% 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 1.0%● unchanged vs 04-2026highest value 06-2026: 0.9%▼ -0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.27, below 1; short-term debt: 92.2% and cash: 25.1% of total assets), and 92.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 29% on solvency, 24% on liquidity and 44% on profitability.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 0.27, cash €100,686
NBB · annual accounts
lowers risk · Size: total assets €400,686
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €31,120 (7.8% of total assets)
NBB · annual accounts
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
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 03-07-2026, 28 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
28 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: UREYIL Celal (director) ·…

Financials · financial year 2025, micro format

Turnover
≈ €180,000
Estimated: probably between €92,000 and €370,000
Total assets
€400,686
Net result
€24,120
Working capital
-€268,880

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €400,686
Fixed assets €300,000
Current assets €100,686
Equity and liabilities €400,686
Equity €31,120
Debt €369,566
Debt finances 92.2% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
0.27
Debt to equity
11.88
ROE
77.5%
ROA
6.0%
Debt ≤ 1 year
€369,566
Income taxes
€6,030

Peer companies

Historical observation

Of the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
3.0% went bankrupt
2.8% stopped otherwise
94.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,157 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
Filed annual accounts As filed with the NBB · 2025 · 27 lines
Balance sheet Code2025
Assets
Total assets20/58€400,686
Fixed assets21/28€300,000
Tangible fixed assets22/27€300,000
Land and buildings22€300,000
Current assets29/58€100,686
Cash at bank and in hand54/58€100,686
Equity and liabilities
Total equity and liabilities10/49€400,686
Equity10/15€31,120
Contributions10/11€7,000
Profit (loss) carried forward14€24,120
Amounts payable17/49€369,566
Amounts payable within one year42/48€369,566
Trade debts44€300,627
Suppliers440/4€300,627
Taxes, remuneration and social security45€23,082
Taxes450/3€23,082
Other amounts payable47/48€45,857
Income statement Code2025
Other operating charges640/8€38,407
Gross operating margin9900€68,714
Operating profit (loss)9901€30,307
Financial charges65/66B€157
Recurring financial charges65€157
Profit (loss) for the period before taxes9903€30,150
Income taxes67/77€6,030
Profit (loss) for the period9904€24,120
Profit (loss) for the period to be appropriated9905€24,120
Appropriation of the result
Profit (loss) to be appropriated9906€24,120

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€38,407
Gross operating margin9900€68,714
Operating profit (loss)9901€30,307
Financial charges65/66B€157
Recurring financial charges65€157
Profit (loss) for the period before taxes9903€30,150
Income taxes67/77€6,030
Profit (loss) for the period9904€24,120
Profit (loss) for the period to be appropriated9905€24,120
Line2025
Assets
Total assets20/58€400,686
Fixed assets21/28€300,000
Tangible fixed assets22/27€300,000
Land and buildings22€300,000
Current assets29/58€100,686
Cash at bank and in hand54/58€100,686
Equity and liabilities
Total equity and liabilities10/49€400,686
Equity10/15€31,120
Contributions10/11€7,000
Profit (loss) carried forward14€24,120
Amounts payable17/49€369,566
Amounts payable within one year42/48€369,566
Trade debts44€300,627
Suppliers440/4€300,627
Taxes, remuneration and social security45€23,082
Taxes450/3€23,082
Other amounts payable47/48€45,857
Line2025
Profit (loss) for the period9904€24,120
Operating cash flow (approximation)€24,120

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 03-07-2026 2026-00282216

Similar companies · same sector, comparable size

Of the 7,222 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,545. 2,994 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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

Directors

Directors
1 director, no change since 2024
UREYIL Celal
Director (not named in the articles) · since 17-09-2024
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 →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
UREYIL Celal
  • Director (not named in the articles), from 17-09-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 17-09-2024 ↗

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

Capital over the years
  1. 17-09-2024 Incorporation · €7,000 · 100 shares

Group and network

Connections & network

1 current director
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.

History

On 13 September 2024, Projects 36 was incorporated as a private limited company by one natural person, with a starting capital of €7,000.12 UREYIL Celal has served as director of the company since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-09-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
03-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
17-09
Gazette deed Incorporation
Appointment: UREYIL Celal (director) · Capital · Registered office clause8 facts ▸
  • Incorporation, 12-09-2024
  • Capital
  • Registered office clause, “2020 Antwerpen, Coolsstraat 12” (deed in Dutch)
  • Board rule, 1
  • Director appointment, UREYIL Celal (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting en alle verbintenissen en verplichtingen die eruit voortvloeien” (deed in Dutch)
  • Power of attorney
  • Founding capital, €7,000
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded13-09-2024
Financial year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
41003General construction of other non-residential buildings
46831Wholesale of construction materials, general range
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:1013538449
Registered 21-10-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1013.538.449

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

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
453 m²
Building footprint
172 m²
Building volume
1,396 m³
Parcel 11809I2120/00R006, Flanders · tallest building 12.4 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Projects 36
Alfred Coolsstraat 12, 2020 AntwerpenBuying and selling of own real estate
since 2024unit no. 2.364.828.425
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11809I2120/00R006 Flanders 453 m² 1 · 172 m² 12.4 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Aankoop en verkoop in onroerend goed; Verhuur van onroerend goed; Constructie van onroerend goed; Dienstverlening met betrekking tot…” (deed in Dutch)
9 activities (deed in Dutch)
  1. Aankoop en verkoop in onroerend goed.
  2. Verhuur van onroerend goed.
  3. Constructie van onroerend goed.
  4. Dienstverlening met betrekking tot onroerend goed.
  5. Beheer van onroerend goed
  6. Vruchtgebruik constructies op te zetten en te genieten.
  7. Dit behelst waar nodig en/of nuttig de aankoop, verkoop, verhuur, onderverhuur, leasing, renting, ontwerp, productie, handel, groothandel, herstelling, levering, plaatsing, montage, demontage, integratie, ontmanteling, vervoer, invoer, uitvoer, export, al dan niet in hoofdaanneming en/of onderaanneming en/of als tussenpersoon (opsomming ten exemplatieve en niet-limitatieve titel) van de voormelde activiteiten, diensten en goederen en van alle activiteiten, diensten en goederen die de vennootschap hiervoor nuttig en/of nodig acht.
  8. De vennootschap heeft bovendien tot doel, zowel in België als in het buitenland, het stellen van om het even welke operaties en verhandelingen betreffende onroerende goederen en rechten. Zij zal dus alle onroerende goederen en rechten mogen verwerven, te gelde maken, beheren, uitbaten, verkavelen, huren en verhuren, bouwen en verbouwen erin begrepen alle vormen van projectontwikkeling van industriële gebouwen, kantoorgebouwen en privé woningen. Het uitvoeren of laten uitvoeren van alle daartoe vereiste werken en de verhuring op korte of lange termijn. Tevens mag de vennootschap alle verrichtingen doen met betrekking tot het beheer, de instandhouding en de valorisatie van het onroerend patrimonium. Deze opsomming is aanwijzend en niet beperkend.
  9. De vennootschap mag haar maatschappelijk doel zowel in België als in het buitenland uitoefenen en nastreven. Zowel rechtstreeks als door vertegenwoordiging, deelneming, associatie, samensmelting concessie of mandaat, zowel voor eigen rekening als voor rekening van derden. De vennootschap zal zich mogen interesseren door middel van inbreng, fusie, deelname of op andere wijze in alle bestaande of op te richten vennootschappen of ondernemingen. Zij mag zich voor deze vennootschappen en verenigingen borg stellen of aval verlenen, voorschotten en krediet toestaan, hypothecaire of andere waarborgen verstrekken. De vennootschap kan ook functies van bestuur of vereffenaar van andere vennootschappen oefenen. De vennootschap kan alle commerciële, financiële, en handelsverrichtingen van roerende en onroerende aard stellen, die rechtstreeks of onrechtstreeks met haar doel verband houden. De vennootschap kan ook functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen, ongacht welk doel deze hebben. De vennootschap mag in alle plaatsen van binnen en buitenland exploitatiezetels, administratieve zetels, filialen, verkoopsburelen, bijhuizen, opslag –en bewaarplaatsen, agentschappen of hoe genaamd ook, oprichten. Deze opsomming is verklarend.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PROJECTS 36
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)

deed of 17-09-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Artikel 12, benoemd met of zonder beperking van duur” (deed in Dutch)
“Artikel 13, hij kan bijzondere machten toekennen aan elke mandataris” (deed in Dutch)
“Artikel 14, deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten” (deed in Dutch)
“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden, Artikel 15” (deed in Dutch)
1 more provision on this in the deed

deed of 17-09-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Aandelen met vruchtgebruik, Laat de blote eigenaar het recht van voorkeur onbenut, dan kan de vruchtgebruiker het uitoefenen. De nieuwe…” (deed in Dutch)
“Inpand gegeven aandelen, Voor in pand gegeven aandelen komt het voorkeurrecht toe aan de eigenaar-pandgever.” (deed in Dutch)
“Op naam, aandelen” (deed in Dutch)
“Op naam, andere effecten” (deed in Dutch)
“In geval van overlijden van de enige aandeelhouder worden de aan de aandelen verbonden rechten uitgeoefend door de regelmatig in het bezit…” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“De overdrachten en overgangen hebben slechts uitwerking ten aanzien van de vennootschap en de derden vanaf hun inschrijving in het register…” (deed in Dutch)
“De overdrachten en overgangen hebben slechts uitwerking ten aanzien van de vennootschap en de derden vanaf hun inschrijving in het register…” (deed in Dutch)
“De bepalingen van dit artikel zijn van toepassing op elke overdracht onder levenden, zowel ten bezwarende titel als ten kosteloze titel…” (deed in Dutch)
5 more provisions on this in the deed
Share issue ruleHow and by whom new shares can be issued.
“Nieuwe aandelen, 15” (deed in Dutch)
“Op de aandelen waarop niet werd ingeschreven door de aandeelhouders zoals hierboven bepaald, kan worden ingeschreven door derden.” (deed in Dutch)
1 more provision on this in the deed

deed of 17-09-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of June at 18:00
Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
“Iedere persoon kan verzaken aan de oproeping en zal in ieder geval als regelmatig opgeroepen worden beschouwd als hij aanwezig of…” (deed in Dutch)
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Artikel 19, de aandelen worden niet geblokkeerd ten gevolge van het bovenstaande registratieproces, zodat de aandeelhouders vrij over hun…” (deed in Dutch)

deed of 17-09-2024

Oversight and winding up

Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
“Benoemd voor een hernieuwbare termijn van drie jaar, Artikel 16” (deed in Dutch)
Dissolution ruleWhen and by whom the company can be dissolved.
“Blijft voortbestaan voor vereffening” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie aangewezen als vereffenaar(s) tenzij vereffenaar aangesteld” (deed in Dutch)

deed of 17-09-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Capital conversion: “Beschikbare eigen vermogensrekening” (deed in Dutch)
Written decision: “De aandeelhouders kunnen, binnen de wettelijke grenzen, eenparig en schriftelijk alle besluiten nemen die tot de bevoegdheid van de algemene…” (deed in Dutch)
Liquidation distribution: “Netto actief en goederen in nature verdeeld onder aandeelhouders naar verhouding van aantal aandelen” (deed in Dutch)
10 more provisions in the deed, see the deed of 17-09-2024

deed of 17-09-2024