Projects VDB
ActiveSummary
The computed 12-month bankruptcy probability of Projects VDB is 4.1% (elevated). The 2025 annual accounts show equity of €10,652 and a net result of -€4,904. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 79% of 22,679 sector peers (NACE 47, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €10,652
- Loss
- -€4,904
Why 48raises risk2 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 3.14, cash €23, halvedFounded in 2021Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro): better than 79% on solvency, 34% on liquidity, 6% on profitability and 15% on growth.
The bankruptcy probability was computed on 31-10-2026 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
This company filed its last 5 accounts on average 403 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Registered office · PurposeDeclaration · Purpose change ·…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years
The operating result turns negative in 2025: a loss of €1,183 after €70 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.1% 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%.
| 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 3,591 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €34,166 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €394 | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | - | - | - | €896 | - |
| Gross operating margin9900 | -€851 | €10,252 | €37,873 | €464 | -€287 | - |
| Operating profit (loss)9901 | -€851 | €10,252 | €3,707 | €70 | -€1,183 | - |
| Financial charges65/66B | - | - | - | €122 | €146 | ▲ 19.8% |
| Recurring financial charges65 | - | - | - | €122 | €146 | ▲ 19.8% |
| Profit (loss) for the period before taxes9903 | -€851 | €10,252 | €3,707 | -€52 | -€1,329 | ▼ 2,443% |
| Income taxes67/77 | - | - | - | - | €3,575 | - |
| Profit (loss) for the period9904 | -€851 | €10,252 | €3,707 | -€52 | -€4,904 | ▼ 9,283% |
| Profit (loss) for the period to be appropriated9905 | -€851 | €10,252 | €3,707 | -€52 | -€4,904 | ▼ 9,283% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,099 | €21,138 | €15,608 | €15,556 | €15,633 | ▲ 0.5% |
| Current assets29/58 | €34,099 | €21,138 | €15,608 | €15,556 | €15,633 | ▲ 0.5% |
| Stocks and contracts in progress3 | €32,450 | €16,671 | €13,642 | €13,826 | €13,826 | = |
| Stocks30/36 | €32,450 | €16,671 | €13,642 | €13,826 | €13,826 | = |
| Amounts receivable within one year40/41 | - | - | - | €1,473 | €1,784 | ▲ 21.1% |
| Trade receivables40 | - | - | - | - | €1,586 | - |
| Other amounts receivable41 | - | - | - | €1,473 | €197 | ▼ 86.6% |
| Cash at bank and in hand54/58 | €1,649 | €4,467 | €1,967 | €257 | €23 | ▼ 91.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,099 | €21,138 | €15,608 | €15,556 | €15,633 | ▲ 0.5% |
| Equity10/15 | €1,649 | €11,901 | €15,608 | €15,556 | €10,652 | ▼ 31.5% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€851 | €9,401 | €13,108 | €13,056 | €8,152 | ▼ 37.6% |
| Amounts payable17/49 | €32,450 | €9,237 | €0 | - | €4,981 | - |
| Amounts payable within one year42/48 | €32,450 | €9,237 | €0 | - | €4,981 | - |
| Trade debts44 | - | - | - | - | €1,466 | - |
| Suppliers440/4 | - | - | - | - | €1,466 | - |
| Other amounts payable47/48 | €32,450 | €9,237 | €0 | - | €3,514 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€851 | €10,252 | €3,707 | -€52 | -€4,904 | ▼ 9,283% |
| Operating cash flow (approximation) | -€851 | €10,252 | €3,707 | -€52 | -€4,904 | ▼ 9,283% |
| Change in cash | - | €2,818 | -€2,500 | -€1,710 | -€234 | ▲ 86.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00301136 |
| 31-12-2024 | micro format | 29-05-2026 | 2026-00129974 |
| 31-12-2023 | micro format | 29-05-2026 | 2026-00129970 |
| 31-12-2022 | micro format | 29-05-2026 | 2026-00129972 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372379 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €418 awarded · €418 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €210 | €210 |
| 2022 | 1 | €208 | €208 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
07-09
Gazette deed
Registered office · PurposeDeclaration · Purpose change · Registered-office move6 facts ▸
- General meeting, 17-08-2026
- Other provision, “waiver of reading of board report, voordeel voor de vennootschap van een eventuele voorwerp-aanpassing” (deed in Dutch)
- Declaration, “shareholder acknowledgment, kennis genomen van het verslag” (deed in Dutch)
- Purpose change
- Registered-office move, De Costerstraat 21, 3078 Kortenberg (Everberg)
- Power of attorney (2 times)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24026B0292/00W000 | Flanders | 659 m² | - | - |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen met betrekking tot onroerende goederen, in de ruimste zin, met inbegrip van doch niet beperkt tot de verwerving…” (deed in Dutch)
12 activities (deed in Dutch)
- Alle verrichtingen met betrekking tot onroerende goederen, in de ruimste zin, met inbegrip van doch niet beperkt tot de verwerving, vervreemding, aankoop, verkoop, ontwikkeling, projectontwikkeling, bouw, heropbouw, verbouwing, renovatie, afwerking, inrichting, onderhoud, exploitatie, uitbating, beheer, administratie, valorisatie, promotie, huur, verhuur, leasing, verkaveling en iedere andere vorm van aanwending of commercialisering van onroerende goederen
- Het verwerven, overdragen, vestigen, toestaan of beëindigen van zakelijke en persoonlijke rechten met betrekking tot onroerende goederen
- Het stellen van alle handelingen die verband houden met vastgoedontwikkeling, vastgoedbeheer en vastgoedexploitatie, met inbegrip van het coördineren, opvolgen en laten uitvoeren van werken met betrekking tot onroerende goederen
- Het optreden als lasthebber, vertegenwoordiger of bemiddelaar met betrekking tot onroerende goederen, voor zover dit wettelijk toegelaten is en, voor zover het gereglementeerde activiteiten betreft, mits naleving van de toepasselijke wettelijke, reglementaire en deontologische voorwaarden
- De aan- en verkoop, zowel fysiek als via elektronische weg, van luxeartikelen, premiumproducten, exclusieve goederen en verzamelobjecten, zowel nieuwe als tweedehands, waaronder doch niet beperkt tot uurwerken en horloges, juwelen, edelmetalen en edelstenen, modeartikelen, kleding, lederwaren, schoenen, handtassen, accessoires, parfums, cosmetica, design- en interieurartikelen, kunstvoorwerpen, antiquiteiten, decoratieve voorwerpen, schrijfinstrumenten, elektronica, voertuigen en andere hoogwaardige of exclusieve roerende goederen
- Alle roerende, onroerende, financiële, commerciële en burgerlijke handelingen die rechtstreeks of onrechtstreeks verband houden met voormelde activiteiten of die van aard zijn de verwezenlijking, ontwikkeling of uitbreiding ervan te bevorderen
- Algemene zakelijke dienstverlening
- Advies, management, consulting en operationele ondersteuning op het gebied van algemeen financieel en operationeel management, bedrijfsmanagement, bedrijfsorganisatie, commerciële en operationele strategie
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning de coördinatie, de ontwikkeling van, en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt
- De vennootschap is gemachtigd om, voor eigen rekening of voor rekening van derden, alle roerende, onroerende, financiële, commerciële en industriële verrichtingen te doen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of de uitbreiding ervan kunnen bevorderen, zo in België als in het buitenland
- De vennootschap zal door middel van inbreng, fusie, inschrijving of op om het even welke andere wijze, mogen deelnemen aan alle ondernemingen, verenigingen en vennootschappen, zowel in België als in het buitenland, die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in innig verband staat met haar voorwerp
- De vennootschap kan ook functies van bestuurder, commissaris of vereffenaar van andere vennootschappen uitoefenen
Read from the deeds: 1 provision, deed of 07-09-2026