PROJET A
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €160,551, larger than the loss of €34,044 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 31-08-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.9 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 31-08-2024 | 31-08-2025 |
|---|---|---|
| Tangible fixed assets | €27,209 | €382,285 |
| Intangible fixed assets | €71,405 | €4,760 |
| Depreciation and write-downs of the year | - | €18,272 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €39,810 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €18,272 | - |
| Other operating charges640/8 | €1,135 | - | - |
| Non-recurring operating charges66A | - | €101,358 | - |
| Gross operating margin9900 | -€32,909 | -€1,112 | ▲ 96.6% |
| Operating profit (loss)9901 | -€34,044 | -€160,551 | ▼ 372% |
| Financial income75/76B | - | €10 | - |
| Recurring financial income75 | - | €10 | - |
| Financial charges65/66B | €51 | €20,300 | ▲ 399× |
| Recurring financial charges65 | €51 | €20,300 | ▲ 399× |
| Profit (loss) for the period before taxes9903 | -€34,095 | -€180,841 | ▼ 430% |
| Profit (loss) for the period9904 | -€34,095 | -€180,841 | ▼ 430% |
| Profit (loss) for the period to be appropriated9905 | -€34,095 | -€180,841 | ▼ 430% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €109,836 | €868,216 | ▲ 690% |
| Fixed assets21/28 | €98,614 | €467,388 | ▲ 374% |
| Intangible fixed assets21 | €71,405 | €59,178 | ▼ 17.1% |
| Tangible fixed assets22/27 | €27,209 | €408,210 | ▲ 15× |
| Plant, machinery and equipment23 | - | €1,503 | - |
| Furniture and vehicles24 | - | €3,944 | - |
| Other tangible fixed assets26 | €27,209 | €254,794 | ▲ 836% |
| Assets under construction and advance payments27 | - | €147,969 | - |
| Current assets29/58 | €11,222 | €400,828 | ▲ 36× |
| Stocks and contracts in progress3 | - | €900 | - |
| Stocks30/36 | - | €900 | - |
| Amounts receivable within one year40/41 | €7,081 | €6,743 | ▼ 4.8% |
| Trade receivables40 | €4,146 | €6,158 | ▲ 48.5% |
| Other amounts receivable41 | €2,936 | €585 | ▼ 80.1% |
| Cash at bank and in hand54/58 | €3,302 | €390,274 | ▲ 118× |
| Deferred charges and accrued income490/1 | €840 | €2,911 | ▲ 247% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €109,836 | €868,216 | ▲ 690% |
| Equity10/15 | -€24,095 | -€72,936 | ▼ 203% |
| Contributions10/11 | €10,000 | €142,000 | ▲ 14× |
| Profit (loss) carried forward14 | -€34,095 | -€214,936 | ▼ 530% |
| Amounts payable17/49 | €133,931 | €941,152 | ▲ 603% |
| Amounts payable after more than one year17 | - | €678,345 | - |
| Other amounts payable178/9 | - | €678,345 | - |
| Amounts payable within one year42/48 | €133,931 | €262,807 | ▲ 96.2% |
| Current portion of amounts payable after more than one year42 | - | €13,655 | - |
| Trade debts44 | €24,752 | €30,652 | ▲ 23.8% |
| Suppliers440/4 | €24,752 | €30,652 | ▲ 23.8% |
| Taxes, remuneration and social security45 | - | €8,234 | - |
| Taxes450/3 | - | €491 | - |
| Remuneration and social security454/9 | - | €7,744 | - |
| Other amounts payable47/48 | €109,179 | €210,265 | ▲ 92.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€34,095 | -€180,841 | ▼ 430% |
| + Depreciation and write-downs630 | - | €18,272 | - |
| Operating cash flow (approximation) | -€34,095 | -€162,569 | ▼ 377% |
| Investment in fixed assets (approximation) | - | -€387,045 | - |
| Change in cash | - | €386,972 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as PROJET A has now. Two years later, 84.9% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PROJET A itself is lower: 0.4% within 12 months. It rests on far more data about PROJET A than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for PROJET A. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.