Projects & Company
ActiveSummary
Projects & Company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €84,725. Equity is shrinking by ~21.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 11% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28=
Growth58=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
3.3%
Return on assets
55.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 11%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
45 d early
2023
5 d late
2022
1 d late
2021
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,000=
2024 · €5,000
Total assets
€152,905▼ 13.6%
2024 · €176,932
Net result
€84,725▼ 32.5%
2024 · €125,583
Working capital
€3,696▲ 66.1%
2024 · €2,225
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€17,805-€67,461▲ 279%€160,931▲ 139%€162,329▲ 0.9%€115,211▼ 29.0%
Net result€13,859within the sector's middle half-€54,006within the sector's middle half▲ 290%€125,455above the sector's middle half▲ 132%€125,583above the sector's middle half▲ 0.1%€84,725above the sector's middle half▼ 32.5%
Equity€18,859below the sector's middle half-€72,865within the sector's middle half▲ 286%€198,321within the sector's middle half▲ 172%€5,000below the sector's middle half▼ 97.5%€5,000below the sector's middle half=
Total assets€30,191below the sector's middle half-€98,068within the sector's middle half▲ 225%€240,507within the sector's middle half▲ 145%€176,932within the sector's middle half▼ 26.4%€152,905within the sector's middle half▼ 13.6%
Debt€11,332-€25,203▲ 122%€42,186▲ 67.4%€171,932▲ 308%€147,905▼ 14.0%
Working capital€18,859within the sector's middle half-€72,865within the sector's middle half▲ 286%€196,674above the sector's middle half▲ 170%€2,225within the sector's middle half▼ 98.9%€3,696within the sector's middle half▲ 66.1%
Solvency62.5%within the sector's middle half-74.3%within the sector's middle half▲ 11.8pp82.5%above the sector's middle half▲ 8.2pp2.8%below the sector's middle half▼ 79.6pp3.3%below the sector's middle half▲ 0.4pp
Current ratio2.66within the sector's middle half-3.89within the sector's middle half▲ 1.235.66above the sector's middle half▲ 1.771.01below the sector's middle half▼ 4.651.02within the sector's middle half▲ 0.01
Return on assets (ROA)45.9%above the sector's middle half-55.1%above the sector's middle half▲ 9.2pp52.2%above the sector's middle half▼ 2.9pp71.0%above the sector's middle half▲ 18.8pp55.4%above the sector's middle half▼ 15.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,905
Fixed assets
€1,304 ▼ 53.0%
Current assets
€151,601 ▼ 13.0%
Equity and liabilities €152,905
Equity
€5,000 =
Debt
€147,905 ▼ 14.0%
Debt's share of the balance-sheet total falls from 97.2% to 96.7%. Debt is lower.
Key figures and ratios
EBITDA
€116,682▼
2024 · €163,227
Cash flow
€86,196▼
2024 · €126,480
Debt to equity
29.58▼
2024 · 34.39
Interest coverage
663.27▼
2024 · 722.53
Debt ≤ 1 year
€147,905▼
2024 · €171,932
Income taxes
€30,984▼
2024 · €36,521
A ratio outside any meaningful range has been withheld (balance sheet total €152,905, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 2,153 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €741 | €897 | €1,471 | ▲ 63.9% |
| Other operating charges640/8 | - | - | - | - | €791 | - |
| Gross operating margin9900 | €17,805 | €67,461 | €161,672 | €163,227 | €117,473 | ▼ 28.0% |
| Operating profit (loss)9901 | €17,805 | €67,461 | €160,931 | €162,329 | €115,211 | ▼ 29.0% |
| Financial income75/76B | €5 | €150 | €14 | - | €674 | - |
| Recurring financial income75 | €5 | €150 | €14 | - | €674 | - |
| Financial charges65/66B | €241 | €108 | €230 | €226 | €176 | ▼ 22.1% |
| Recurring financial charges65 | €241 | €108 | €230 | €226 | €176 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €17,569 | €67,503 | €160,714 | €162,103 | €115,709 | ▼ 28.6% |
| Income taxes67/77 | €3,710 | €13,497 | €35,259 | €36,521 | €30,984 | ▼ 15.2% |
| Profit (loss) for the period9904 | €13,859 | €54,006 | €125,455 | €125,583 | €84,725 | ▼ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €13,859 | €54,006 | €125,455 | €125,583 | €84,725 | ▼ 32.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,191 | €98,068 | €240,507 | €176,932 | €152,905 | ▼ 13.6% |
| Fixed assets21/28 | - | - | €1,646 | €2,775 | €1,304 | ▼ 53.0% |
| Tangible fixed assets22/27 | - | - | €1,646 | €2,775 | €1,304 | ▼ 53.0% |
| Furniture and vehicles24 | - | - | €1,646 | €2,775 | €1,304 | ▼ 53.0% |
| Current assets29/58 | €30,191 | €98,068 | €238,860 | €174,157 | €151,601 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €5,356 | €12,682 | €15,168 | €5,183 | €50,708 | ▲ 878% |
| Trade receivables40 | €5,000 | €12,000 | €15,168 | €1,050 | €46,387 | ▲ 4,318% |
| Other amounts receivable41 | €356 | €682 | - | €4,133 | €4,321 | ▲ 4.5% |
| Cash at bank and in hand54/58 | €24,835 | €85,386 | €223,692 | €168,974 | €100,893 | ▼ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,191 | €98,068 | €240,507 | €176,932 | €152,905 | ▼ 13.6% |
| Equity10/15 | €18,859 | €72,865 | €198,321 | €5,000 | €5,000 | = |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €13,859 | €67,865 | €193,321 | - | - | - |
| Amounts payable17/49 | €11,332 | €25,203 | €42,186 | €171,932 | €147,905 | ▼ 14.0% |
| Amounts payable within one year42/48 | €11,332 | €25,203 | €42,186 | €171,932 | €147,905 | ▼ 14.0% |
| Trade debts44 | €280 | €1,151 | €811 | €1,118 | €1,794 | ▲ 60.4% |
| Suppliers440/4 | €280 | €1,151 | €811 | €1,118 | €1,794 | ▲ 60.4% |
| Taxes, remuneration and social security45 | €3,710 | €17,207 | €35,996 | €35,259 | €35,968 | ▲ 2.0% |
| Taxes450/3 | €3,710 | €17,207 | €35,996 | €35,259 | €35,968 | ▲ 2.0% |
| Other amounts payable47/48 | €7,342 | €6,845 | €5,380 | €135,555 | €110,143 | ▼ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,859 | €54,006 | €125,455 | €125,583 | €84,725 | ▼ 32.5% |
| + Depreciation and write-downs630 | - | - | €741 | €897 | €1,471 | ▲ 63.9% |
| Operating cash flow (approximation) | €13,859 | €54,006 | €126,197 | €126,480 | €86,196 | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | - | - | -€2,026 | €0 | ▲ 100% |
| Change in cash | - | €60,551 | €138,306 | -€54,718 | -€68,082 | ▼ 24.4% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €125,583 ▲0.1%
Operating result €162,329, net result €125,583, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Equity above €150,000Eq €198,321 ▲172%
3 profitable years in a row build equity to €198,321.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2021
Ground area
359 m²
Building footprint
361 m²
Volume, LiDAR
6,509 m³
Parcel 21009A0988/00H000, Brussels · tallest building 23.8 m, ±6 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Projects & Company
since 20212.313.441.882
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0988/00H000 | Brussels | 359 m² | 1 · 361 m² | 23.8 m · 6 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 15,610 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
Founded03-02-2021
Fiscal year end31-12
Abbreviation FR
Projects & Co
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762873227
Also
9925:BE0762873227
Registered
27-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.