projeKt D
ActiveSummary
The computed 12-month bankruptcy probability of projeKt D is 3.9% (moderate). The 2025 annual accounts show negative equity (-€97,324) and a net result of -€171,451. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28806 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Painting of buildings
NACE 43341Insulation installation NACE 43230NACE 43291
1 site
How big
€165,993total assets 2025
- Staff
- 4.8 FTE
- Equity
- -€97,324
- Loss
- -€171,451
Turnover not published (abridged schema)
Who decides
Accounts filed 15 d late0 of 2 deeds read
Why 14- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Negative equityFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-96
Solvency0▼-53
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 1.7 in 2024; short-term debt: 104.7% and cash: 0.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-58.6%
Return on assets
-103.3%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€97,324
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-05-2026, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
15 d late
2024
120 d early
2023
8 d early
2022
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€171,451
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €165,993Loss -€171,451Solvency -58.6%Liquidity 0.36
Total assets
€165,993▼ 38.3%
2022 - 2025
Net result
-€171,451
2022 - 2025
Equity
-€97,324
2022 - 2025
Staff (FTE)
4.8▼ 14.3%
2022 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€10,667-€13,756▲ 29.0%€84,956▲ 518%-€159,245
Net result€6,998within the sector's middle half-€6,306within the sector's middle half▼ 9.9%€58,323above the sector's middle half▲ 825%-€171,451below the sector's middle half
Equity€9,498below the sector's middle half-€15,804below the sector's middle half▲ 66.4%€74,127within the sector's middle half▲ 369%-€97,324below the sector's middle half
Total assets€130,210within the sector's middle half-€245,716within the sector's middle half▲ 88.7%€269,238within the sector's middle half▲ 9.6%€165,993within the sector's middle half▼ 38.3%
Debt€120,712-€229,911▲ 90.5%€195,111▼ 15.1%€263,316▲ 35.0%
Working capital-€163below the sector's middle half-€36,998within the sector's middle half€58,670within the sector's middle half▲ 58.6%-€111,275below the sector's middle half
Solvency7.3%below the sector's middle half-6.4%below the sector's middle half▼ 0.9pp27.5%within the sector's middle half▲ 21.1pp-58.6%below the sector's middle half▼ 86.2pp
Current ratio1.00below the sector's middle half-1.40within the sector's middle half▲ 0.401.70within the sector's middle half▲ 0.300.36below the sector's middle half▼ 1.34
Return on assets (ROA)5.4%within the sector's middle half-2.6%within the sector's middle half▼ 2.8pp21.7%above the sector's middle half▲ 19.1pp-103.3%below the sector's middle half▼ 125.0pp
Staff (FTE)0.6-2.9▲ 383%5.6▲ 93.1%4.8▼ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €159,245 after €84,956 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,993
Fixed assets
€103,516 ▼ 18.4%
Current assets
€62,477 ▼ 56.1%
Equity and liabilities
Equity-€97,324
Debt€263,316
Equity is negative: debt (€263,316) exceeds the balance-sheet total (€165,993).
Key figures and ratios
Key figures and ratios
EBITDA
-€128,463▼
2024 · €112,304
Cash flow
-€140,669▼
2024 · €85,671
Quick ratio
0.35▼
2024 · 1.60
Interest coverage
-10.52▼
2024 · 7.88
Debt ≤ 1 year
€173,752▲
2024 · €83,775
Debt > 1 year
€87,118▼
2024 · €110,878
Income taxes
€144▼
2024 · €14,350
Staff costs
€224,920▼
2024 · €250,640
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% 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 497,341 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 6,010 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €49,625 | €139,107 | €250,640 | €224,920 | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,697 | €14,607 | €27,348 | €30,782 | ▲ 12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,465 | -€3,465 | €0 | ▲ 100% |
| Other operating charges640/8 | €3,711 | €3,215 | €3,240 | €3,101 | ▼ 4.3% |
| Gross operating margin9900 | €70,700 | €174,150 | €362,719 | €99,558 | ▼ 72.6% |
| Operating profit (loss)9901 | €10,667 | €13,756 | €84,956 | -€159,245 | ▼ 287% |
| Financial income75/76B | €314 | €18 | €1,971 | €155 | ▼ 92.2% |
| Recurring financial income75 | €314 | €18 | €1,971 | €155 | ▼ 92.2% |
| Financial charges65/66B | €2,488 | €7,311 | €14,253 | €12,217 | ▼ 14.3% |
| Recurring financial charges65 | €2,488 | €7,311 | €14,253 | €12,217 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €8,493 | €6,463 | €72,673 | -€171,307 | ▼ 336% |
| Income taxes67/77 | €1,495 | €157 | €14,350 | €144 | ▼ 99.0% |
| Profit (loss) for the period9904 | €6,998 | €6,306 | €58,323 | -€171,451 | ▼ 394% |
| Profit (loss) for the period to be appropriated9905 | €6,998 | €6,306 | €58,323 | -€171,451 | ▼ 394% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €130,210 | €245,716 | €269,238 | €165,993 | ▼ 38.3% |
| Fixed assets21/28 | €52,353 | €115,868 | €126,794 | €103,516 | ▼ 18.4% |
| Intangible fixed assets21 | €6,449 | €14,144 | €22,621 | €15,478 | ▼ 31.6% |
| Tangible fixed assets22/27 | €43,055 | €98,874 | €101,323 | €85,188 | ▼ 15.9% |
| Plant, machinery and equipment23 | €12,682 | €19,158 | €16,872 | €11,306 | ▼ 33.0% |
| Furniture and vehicles24 | €4,880 | €18,547 | €28,819 | €26,088 | ▼ 9.5% |
| Other tangible fixed assets26 | €25,493 | €61,169 | €55,632 | €47,793 | ▼ 14.1% |
| Financial fixed assets28 | €2,850 | €2,850 | €2,850 | €2,850 | = |
| Current assets29/58 | €77,857 | €129,847 | €142,444 | €62,477 | ▼ 56.1% |
| Stocks and contracts in progress3 | - | €4,270 | €8,797 | €1,675 | ▼ 81.0% |
| Stocks30/36 | - | €4,270 | €8,797 | €1,675 | ▼ 81.0% |
| Amounts receivable within one year40/41 | €32,363 | €91,968 | €96,353 | €55,518 | ▼ 42.4% |
| Trade receivables40 | €21,934 | €88,554 | €93,808 | €45,468 | ▼ 51.5% |
| Other amounts receivable41 | €10,429 | €3,414 | €2,544 | €10,050 | ▲ 295% |
| Cash at bank and in hand54/58 | €40,601 | €29,051 | €34,377 | €1,284 | ▼ 96.3% |
| Deferred charges and accrued income490/1 | €4,892 | €4,558 | €2,918 | €4,000 | ▲ 37.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €130,210 | €245,716 | €269,238 | €165,993 | ▼ 38.3% |
| Equity10/15 | €9,498 | €15,804 | €74,127 | -€97,324 | ▼ 231% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €6,998 | €6,998 | €6,998 | €6,998 | = |
| Distributable reserves133 | €6,998 | €6,998 | €6,998 | €6,998 | = |
| Profit (loss) carried forward14 | - | €6,306 | €64,629 | -€106,822 | ▼ 265% |
| Amounts payable17/49 | €120,712 | €229,911 | €195,111 | €263,316 | ▲ 35.0% |
| Amounts payable after more than one year17 | €41,892 | €136,519 | €110,878 | €87,118 | ▼ 21.4% |
| Financial debts170/4 | €41,892 | €136,519 | €110,878 | €87,118 | ▼ 21.4% |
| Amounts payable within one year42/48 | €78,019 | €92,849 | €83,775 | €173,752 | ▲ 107% |
| Current portion of amounts payable after more than one year42 | €14,820 | €29,138 | €33,840 | €81,992 | ▲ 142% |
| Trade debts44 | €47,647 | €42,338 | €11,242 | €52,543 | ▲ 367% |
| Suppliers440/4 | €47,647 | €42,338 | €11,242 | €52,543 | ▲ 367% |
| Taxes, remuneration and social security45 | €15,553 | €21,071 | €32,299 | €39,218 | ▲ 21.4% |
| Taxes450/3 | €3,227 | €2,722 | €13,477 | €6,165 | ▼ 54.3% |
| Remuneration and social security454/9 | €12,325 | €18,350 | €18,822 | €33,053 | ▲ 75.6% |
| Other amounts payable47/48 | - | €302 | €6,394 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €801 | €544 | €458 | €2,446 | ▲ 434% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,998 | €6,306 | €58,323 | -€171,451 | ▼ 394% |
| + Depreciation and write-downs630 | €6,697 | €14,607 | €27,348 | €30,782 | ▲ 12.6% |
| Operating cash flow (approximation) | €13,695 | €20,913 | €85,671 | -€140,669 | ▼ 264% |
| Investment in fixed assets (approximation) | - | -€78,122 | -€38,274 | -€7,503 | ▲ 80.4% |
| Change in cash | - | -€11,551 | €5,326 | -€33,092 | ▼ 721% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
BRUNO DEVRIENDT
BE 0869.492.954
Waregem
Colinex
BE 0537.814.421
Waregem
De Wintere Yves
BE 0463.731.660
Waregem
JAN VANWYNSBERGHE
BE 0442.697.310
Waregem
JCL Decor & Fashion
BE 0818.057.616
Waregem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,862 companies in this sector we hold annual accounts for 2,666. See the whole sector
Timeline
6 eventsLatest 15-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
30-09
Financial
Weakest financial yearnet -€171,451
Net result drops to -€171,451, the lowest in the series.
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Highest result since 2022net €58,323 ▲825%
Operating result €84,956, net result €58,323, both a record.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
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.
Support & recognitions
1 funding sourceFlanders €2,2251 register with a recognition
Flemish government
€2,225
awarded · 2022 - 2024
Work and economy
5
current recognitions
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €2,225 awarded · €2,225 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €125 | €125 |
| 2022 | 1 | €2,100 | €2,100 |
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsDecoratie en schilderwerken duaal (so)
Fijnschilder (vwo)
Fijnschilder duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Company details
Private limited company · founded 15-12-2020Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded15-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43230Insulation installation
43341Painting of buildings
43310Plastering work
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43343Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759830001
Also
9925:BE0759830001
Registered
13-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2020
Ground area
8,552 m²
Building footprint
2,036 m²
Volume, LiDAR
3,770 m³
Parcel 34040C1466/00A000, Flanders · tallest building 23.7 m. Linked by address, not a title deed.
1 establishment unit
projeKt D
since 2020unit no. 2.310.905.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1466/00A000 | Flanders | 8,552 m² | 1 · 2,036 m² | 23.7 m |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.