Projectworx
ActiveProjectworx has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €92k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 2687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency44▼-56
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.97 against 7.9 in 2024; short-term debt: 80.6% and cash: 60.5% of total assets), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
19.4%
Return on assets
93.8%
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 27-03-2026, 126 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
126 d early
2024
142 d early
2023
154 d early
2022
4 d early
2021
30 d early
2020
36 d early
2019
31 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k▼ 82.5%
2024 · €109k
2018: €72k
2019: €112k
2020: €175k
2021: €21k
2022: €21k
2023: €21k
2024: €109k
2018 → 2025
Total assets
€98k▼ 20.2%
2024 · €123k
2018: €103k
2019: €131k
2020: €226k
2021: €121k
2022: €100k
2023: €121k
2024: €123k
2018 → 2025
Net result
€92k▲ 5.6%
2024 · €87k
2018: €60k
2019: €41k
2020: €63k
2021: €66k
2022: €66k
2023: €84k
2024: €87k
2018 → 2025
Working capital
€-2k
2024 · €101k
2018: €70k
2019: €110k
2020: €183k
2021: €11k
2022: €11k
2023: €14k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€21k▼ 4.1%€21k▲ 3.5%€109k▲ 411%€19k▼ 82.5%
Operating result€86k-€85k▼ 0.6%€108k▲ 26.8%€112k▲ 4.2%€119k▲ 5.4%
Net result€66k-€66k▼ 0.2%€84k▲ 26.6%€87k▲ 4.3%€92k▲ 5.6%
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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€21k▲ 174%
Current assets
€77k▼ 33.3%
Equity and liabilities €98k
Equity
€19k▼ 82.5%
Debt
€79k▲ 443%
The debt ratio rises from 11.9% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€123k▲
2024 · €119k
Cash flow
€97k▲
2024 · €94k
Solvency
19.4%▼
2024 · 88.1%
Current ratio
0.97▼
2024 · 7.90
Quick ratio
0.97▼
2024 · 7.90
Debt / equity
4.16▲
2024 · 0.13
ROE
484.7%▲
2024 · 80.4%
ROA
93.8%▲
2024 · 70.9%
Interest coverage
990.11▲
2024 · 475.66
Debt
€79k▲
2024 · €15k
Debt ≤ 1 year
€79k▲
2024 · €15k
Income taxes
€26k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€123k€98k▼
Fixed assets21/28€8k€21k▲
Tangible fixed assets22/27€8k€21k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€8k€8k▼
Other tangible fixed assets26-€11k
Current assets29/58€115k€77k▼
Amounts receivable within one year40/41€41k€16k▼
Trade receivables40€41k€15k▼
Other amounts receivable41-€159
Cash at bank and in hand54/58€73k€59k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€123k€98k▼
Equity10/15€109k€19k▼
Contributions10/11€19k€19k=
Reserves13€90k€400▼
Distributable reserves133€90k€400▼
Profit (loss) carried forward14€163€40▼
Amounts payable17/49€15k€79k▲
Amounts payable within one year42/48€15k€79k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€12k€11k▼
Other amounts payable47/48€774€66k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€539€1k▲
Gross operating margin9900€120k€124k▲
Operating profit (loss)9901€112k€119k▲
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€251€124▼
Recurring financial charges65€251€124▼
Profit (loss) for the period before taxes9903€112k€118k▲
Income taxes67/77€25k€26k▲
Profit (loss) for the period9904€87k€92k▲
Profit (loss) for the period to be appropriated9905€87k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€92k▲
Profit (loss) brought forward from the previous period14P€803€163▼
Transfer from equity791/2-€90k
Transfer to equity691/2€88k€400▼
To other reserves6921€88k€400▼
Profit to be distributed694/7€0€182k▲
Return on contributions (dividend)694€0€182k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €92k ▲5.6%
Operating result €119k, net result €92k, both a record.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 7.90
Current ratio from 1.14 to 7.90; short-term debt falls from €100k to €15k.
31-12
Financial
Equity above €100kEq €109k ▲411%
7 profitable years in a row build equity to €109k.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €175k ▲55.8%
3 profitable years in a row build equity to €175k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €41k ▼31.9%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.92
Current ratio from 3.21 to 6.92; short-term debt falls from €31k to €19k.
31-12
Financial
Equity above €100kEq €112k ▲56%
2 profitable years in a row build equity to €112k.
30-07
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.
Directors · office · real estate
Directors
3 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, Herent · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maleizenstraat 173020 HerentGround area
1,038 m²
Parcel 24423I0020/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Projectworx
since 20172.266.373.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0020/00G000 | Flanders | 1,038 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,824 EUR awarded · 4,824 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,824 EUR | 4,824 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 12,811 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.