Projects & Co
ActiveSummary
Projects & Co has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €506k and a net result of €165k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency100▲+41
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 8.42 against 17.99 in 2024; short-term debt: 11.3% and cash: 22.4% of total assets), and 13% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
87%
Return on assets
28.4%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
2022
3 d early
2021
2 d early
2020
11 d early
2019
4 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, abbreviated schema
Equity
€506k▲ 48.4%
2024 · €341k
2018: €37klowest in 8 years
2019: €90k▲ +145% vs 2018
2020: €146k▲ +61.5% vs 2019
2021: €190k▲ +30.2% vs 2020
2022: €210k▲ +10.8% vs 2021
2023: €253k▲ +20.4% vs 2022
2024: €341k▲ +34.6% vs 2023
2025: €506k▲ +48.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€581k▼ 41.2%
2024 · €988k
2018: €57klowest in 8 years
2019: €97k▲ +70.0% vs 2018
2020: €185k▲ +89.9% vs 2019
2021: €244k▲ +31.9% vs 2020
2022: €276k▲ +13.0% vs 2021
2023: €320k▲ +16.0% vs 2022
2024: €988k▲ +209% vs 2023highest in 8 years
2025: €581k▼ -41.2% vs 2024
2018 → 2025
Net result
€165k▲ 69.8%
2024 · €97k
2018: €19klowest in 8 years
2019: €53k▲ +182% vs 2018
2020: €57k▲ +6.9% vs 2019
2021: €57k▲ +0.4% vs 2020
2022: €27k▼ -53.4% vs 2021
2023: €48k▲ +79.3% vs 2022
2024: €97k▲ +102% vs 2023
2025: €165k▲ +69.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€486k▼ 45.5%
2024 · €893k
2018: €31klowest in 8 years
2019: €84k▲ +171% vs 2018
2020: €141k▲ +68.3% vs 2019
2021: €171k▲ +21.0% vs 2020
2022: €174k▲ +1.4% vs 2021
2023: €227k▲ +30.9% vs 2022
2024: €893k▲ +292% vs 2023highest in 8 years
2025: €486k▼ -45.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€210k▲ 10.8%€253k▲ 20.4%€341k▲ 34.6%€506k▲ 48.4%
2021: €190klowest in 5 years
2022: €210k▲ +10.8% vs 2021
2023: €253k▲ +20.4% vs 2022
2024: €341k▲ +34.6% vs 2023
2025: €506k▲ +48.4% vs 2024highest in 5 years
Operating result€78k-€38k▼ 51.9%€66k▲ 74.3%€128k▲ 95.1%€237k▲ 84.6%
2021: €78k
2022: €38k▼ -51.9% vs 2021lowest in 5 years
2023: €66k▲ +74.3% vs 2022
2024: €128k▲ +95.1% vs 2023
2025: €237k▲ +84.6% vs 2024highest in 5 years
Net result€57k-€27k▼ 53.4%€48k▲ 79.3%€97k▲ 102%€165k▲ 69.8%
2021: €57k
2022: €27k▼ -53.4% vs 2021lowest in 5 years
2023: €48k▲ +79.3% vs 2022
2024: €97k▲ +102% vs 2023
2025: €165k▲ +69.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €581k
Fixed assets
€29k ▼ 32.8%
Current assets
€552k ▼ 41.6%
Equity and liabilities €581k
Equity
€506k ▲ 48.4%
Debt
€75k ▼ 88.4%
Debt's share of the balance-sheet total falls from 65.5% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€251k▲
2024 · €143k
Cash flow
€179k▲
2024 · €112k
Current ratio
8.42▼
2024 · 17.99
Debt to equity
0.15▼
2024 · 1.90
ROE
32.6%▲
2024 · 28.5%
ROA
28.4%▲
2024 · 9.8%
Interest coverage
12.16▼
2024 · 49.43
Debt ≤ 1 year
€66k▲
2024 · €53k
Debt > 1 year
€10k▼
2024 · €594k
Income taxes
€54k▲
2024 · €30k
Staff costs
€44k▲
2024 · €41k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€988k€581k▼
Fixed assets21/28€43k€29k▼
Tangible fixed assets22/27€41k€27k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€37k€25k▼
Financial fixed assets28€2k€2k=
Current assets29/58€945k€552k▼
Stocks and contracts in progress3€659k€0▼
Stocks30/36€659k€0▼
Amounts receivable within one year40/41€238k€414k▲
Trade receivables40€33k€31k▼
Other amounts receivable41€204k€384k▲
Cash at bank and in hand54/58€42k€130k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€988k€581k▼
Equity10/15€341k€506k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€320k€485k▲
Amounts payable17/49€647k€75k▼
Amounts payable after more than one year17€594k€10k▼
Financial debts170/4€594k€10k▼
Amounts payable within one year42/48€53k€66k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€11k€25k▲
Suppliers440/4€11k€25k▲
Taxes, remuneration and social security45€22k€31k▲
Taxes450/3€17k€18k▲
Remuneration and social security454/9€5k€13k▲
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3€705€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€41k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€2k€11k▲
Gross operating margin9900€187k€306k▲
Operating profit (loss)9901€128k€237k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€3k€21k▲
Recurring financial charges65€3k€21k▲
Profit (loss) for the period before taxes9903€127k€219k▲
Income taxes67/77€30k€54k▲
Profit (loss) for the period9904€97k€165k▲
Profit (loss) for the period to be appropriated9905€97k€165k▲
Appropriation of the result
Profit (loss) to be appropriated9906€330k€485k▲
Profit (loss) brought forward from the previous period14P€233k€320k▲
Profit to be distributed694/7€10k€0▼
Return on contributions (dividend)694€859€0▼
Employees696€9k€0▼
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (20 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33k | €30k | €42k | €41k | €44k | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €20k | €15k | €14k | ▼ 6.6% |
| Other operating charges640/8 | €4k | €1k | €1k | €2k | €11k | ▲ 369% |
| Gross operating margin9900 | €124k | €78k | €129k | €187k | €306k | ▲ 63.3% |
| Operating profit (loss)9901 | €78k | €38k | €66k | €128k | €237k | ▲ 84.6% |
| Financial income75/76B | €0 | €63 | €322 | €2k | €2k | ▲ 22.0% |
| Recurring financial income75 | €0 | €63 | €322 | €2k | €2k | ▲ 22.0% |
| Financial charges65/66B | €664 | €656 | €2k | €3k | €21k | ▲ 612% |
| Recurring financial charges65 | €664 | €656 | €2k | €3k | €21k | ▲ 612% |
| Profit (loss) for the period before taxes9903 | €78k | €37k | €64k | €127k | €219k | ▲ 71.6% |
| Income taxes67/77 | €20k | €10k | €16k | €30k | €54k | ▲ 77.5% |
| Profit (loss) for the period9904 | €57k | €27k | €48k | €97k | €165k | ▲ 69.8% |
| Profit (loss) for the period to be appropriated9905 | €57k | €27k | €48k | €97k | €165k | ▲ 69.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244k | €276k | €320k | €988k | €581k | ▼ 41.2% |
| Fixed assets21/28 | €19k | €75k | €54k | €43k | €29k | ▼ 32.8% |
| Tangible fixed assets22/27 | €19k | €72k | €52k | €41k | €27k | ▼ 34.6% |
| Plant, machinery and equipment23 | €2k | €2k | €1k | €4k | €2k | ▼ 44.3% |
| Furniture and vehicles24 | €17k | €71k | €51k | €37k | €25k | ▼ 33.6% |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €225k | €201k | €266k | €945k | €552k | ▼ 41.6% |
| Stocks and contracts in progress3 | - | - | - | €659k | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €659k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €33k | €36k | €224k | €238k | €414k | ▲ 74.3% |
| Trade receivables40 | €33k | €27k | €25k | €33k | €31k | ▼ 7.7% |
| Other amounts receivable41 | €4 | €9k | €199k | €204k | €384k | ▲ 87.6% |
| Cash at bank and in hand54/58 | €187k | €165k | €39k | €42k | €130k | ▲ 210% |
| Deferred charges and accrued income490/1 | €5k | €0 | €3k | €7k | €7k | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244k | €276k | €320k | €988k | €581k | ▼ 41.2% |
| Equity10/15 | €190k | €210k | €253k | €341k | €506k | ▲ 48.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €169k | €190k | €233k | €320k | €485k | ▲ 51.5% |
| Amounts payable17/49 | €54k | €66k | €67k | €647k | €75k | ▼ 88.4% |
| Amounts payable after more than one year17 | - | €37k | €28k | €594k | €10k | ▼ 98.4% |
| Financial debts170/4 | - | €37k | €28k | €594k | €10k | ▼ 98.4% |
| Amounts payable within one year42/48 | €54k | €27k | €38k | €53k | €66k | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €9k | €9k | ▲ 2.8% |
| Trade debts44 | €8k | €2k | €15k | €11k | €25k | ▲ 127% |
| Suppliers440/4 | €8k | €2k | €15k | €11k | €25k | ▲ 127% |
| Taxes, remuneration and social security45 | €31k | €9k | €9k | €22k | €31k | ▲ 38.9% |
| Taxes450/3 | €24k | €4 | €729 | €17k | €18k | ▲ 5.1% |
| Remuneration and social security454/9 | €7k | €9k | €8k | €5k | €13k | ▲ 158% |
| Other amounts payable47/48 | €15k | €8k | €5k | €10k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €496 | €724 | €0 | €705 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €27k | €48k | €97k | €165k | ▲ 69.8% |
| + Depreciation and write-downs630 | €8k | €9k | €20k | €15k | €14k | ▼ 6.6% |
| Operating cash flow (approximation) | €66k | €35k | €68k | €112k | €179k | ▲ 59.5% |
| Investment in fixed assets (approximation) | - | €-65k | €0 | €-4k | €0 | ▲ 100% |
| Change in cash | - | €-22k | €-126k | €3k | €88k | ▲ 2,467% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €165k ▲69.8%
Operating result €237k, net result €165k, both a record.
31-12
Financial
Equity above €500kEq €506k ▲48.4%
8 profitable years in a row build equity to €506k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 17.99
Current ratio from 6.93 to 17.99.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €210k ▲10.8%
5 profitable years in a row build equity to €210k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €190k ▲30.2%
4 profitable years in a row build equity to €190k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100kEq €146k ▲61.5%
3 profitable years in a row build equity to €146k.
Show earlier events
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 5current ratio 13.06
Current ratio from 2.52 to 13.06; short-term debt falls from €20k to €7k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Overijse · 1 establishment unit since 2017
Ground area
9,975 m²
Building footprint
344 m²
Volume, LiDAR
1,975 m³
Parcel 23546L0495/00D004, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Projects & Co
since 20172.269.425.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23546L0495/00D004 | Flanders | 9,975 m² | 1 · 344 m² | 9.4 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
699400EUXE1T6C7QJQ96
Similar companies · same sector, comparable size
GGRE
BE 1003.515.181
Elsene · Eq €505,799
SABO
BE 0464.597.633
Houthalen-Helchteren · Eq €505,022
THE ENGINE ROOM
BE 0474.822.027
Schilde · Eq €505,003
COFIM
BE 0466.122.018
Ferrières · Eq €506,294
EURODEP
BE 0438.971.916
Lessines · Eq €504,385
Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,568 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
Founded24-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.