PROJET C
ActiveSummary
PROJET C has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53,420 and a net result of -€15,686. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▲+1
Solvency69▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.95 in 2023; short-term debt: 55.6% and cash: 21.7% of total assets), but 55.6% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
44.4%
Return on assets
-13%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€15,686
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
27 d late
2022
60 d late
2021
31 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€53,420▼ 22.7%
2023 · €69,107
Total assets
€120,252▼ 6.7%
2023 · €128,898
Net result
-€15,686▲ 16.4%
2023 · -€18,761
Working capital
€47,149▼ 16.6%
2023 · €56,565
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3,877▲ 2.2%€3,583▼ 7.6%€4,584▲ 27.9%-€14,338-€10,886▲ 24.1%
Net result€522€1,592▲ 205%€1,349▼ 15.3%-€18,761-€15,686▲ 16.4%
Equity€84,927▲ 0.6%€86,519▲ 1.9%€87,868▲ 1.6%€69,107▼ 21.4%€53,420▼ 22.7%
Total assets€151,693▲ 0.9%€145,489▼ 4.1%€148,395▲ 2.0%€128,898▼ 13.1%€120,252▼ 6.7%
Debt€66,766▲ 1.2%€58,969▼ 11.7%€60,527▲ 2.6%€59,791▼ 1.2%€66,832▲ 11.8%
Working capital€84,927▲ 0.6%€61,435▼ 27.7%€69,055▲ 12.4%€56,565▼ 18.1%€47,149▼ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,886 in 2024 against €14,338 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120,252
Fixed assets
€6,271 ▼ 50.0%
Current assets
€113,981 ▼ 2.0%
Equity and liabilities €120,252
Equity
€53,420 ▼ 22.7%
Debt
€66,832 ▲ 11.8%
Debt's share of the balance-sheet total rises from 46.4% to 55.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,615▲
2023 · -€8,067
Cash flow
-€9,415▲
2023 · -€12,490
Current ratio
1.71▼
2023 · 1.95
Debt to equity
1.25▲
2023 · 0.87
ROE
-29.4%▼
2023 · -27.1%
ROA
-13.0%▲
2023 · -14.6%
Interest coverage
-0.96▲
2023 · -2.55
Debt ≤ 1 year
€66,832▲
2023 · €59,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
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 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,271 | €6,271 | €6,271 | €6,271 | = |
| Other operating charges640/8 | - | €16 | €16 | €16 | €16 | = |
| Gross operating margin9900 | €3,893 | €9,870 | €10,871 | -€8,051 | -€4,599 | ▲ 42.9% |
| Operating profit (loss)9901 | €3,877 | €3,583 | €4,584 | -€14,338 | -€10,886 | ▲ 24.1% |
| Financial charges65/66B | - | €2,241 | €2,192 | €3,164 | €4,800 | ▲ 51.7% |
| Recurring financial charges65 | €2,284 | €2,241 | €2,192 | €3,164 | €4,800 | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €1,593 | €1,342 | €2,392 | -€17,502 | -€15,686 | ▲ 10.4% |
| Income taxes67/77 | €1,071 | -€249 | €1,043 | €1,259 | - | - |
| Profit (loss) for the period9904 | €522 | €1,592 | €1,349 | -€18,761 | -€15,686 | ▲ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €522 | €1,592 | €1,349 | -€18,761 | -€15,686 | ▲ 16.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,693 | €145,489 | €148,395 | €128,898 | €120,252 | ▼ 6.7% |
| Fixed assets21/28 | - | €25,084 | €18,813 | €12,542 | €6,271 | ▼ 50.0% |
| Intangible fixed assets21 | - | €25,084 | €18,813 | €12,542 | €6,271 | ▼ 50.0% |
| Current assets29/58 | €151,693 | €120,405 | €129,582 | €116,356 | €113,981 | ▼ 2.0% |
| Amounts receivable within one year40/41 | €109,158 | €99,971 | €108,635 | €89,869 | €87,831 | ▼ 2.3% |
| Trade receivables40 | - | €98,878 | €108,242 | €89,476 | €87,313 | ▼ 2.4% |
| Other amounts receivable41 | - | €1,093 | €393 | €393 | €518 | ▲ 31.8% |
| Cash at bank and in hand54/58 | €42,535 | €20,433 | €20,947 | €26,487 | €26,151 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,693 | €145,489 | €148,395 | €128,898 | €120,252 | ▼ 6.7% |
| Equity10/15 | €84,927 | €86,519 | €87,868 | €69,107 | €53,420 | ▼ 22.7% |
| Contributions10/11 | - | €39,000 | €39,000 | €39,000 | €39,000 | = |
| Reserves13 | €30,900 | €32,400 | €33,749 | €6,749 | €6,749 | = |
| Non-distributable reserves130/1 | - | €5,400 | €6,749 | €3,900 | €3,900 | = |
| Reserves not available under the articles1311 | - | €3,900 | €3,900 | €3,900 | €3,900 | = |
| Other1319 | - | €1,500 | €2,849 | - | - | - |
| Distributable reserves133 | - | €27,000 | €27,000 | €2,849 | €2,849 | = |
| Profit (loss) carried forward14 | €15,027 | €15,119 | €15,119 | €23,358 | €7,671 | ▼ 67.2% |
| Amounts payable17/49 | €66,766 | €58,969 | €60,527 | €59,791 | €66,832 | ▲ 11.8% |
| Amounts payable within one year42/48 | €66,766 | €58,969 | €60,527 | €59,791 | €66,832 | ▲ 11.8% |
| Trade debts44 | €6,875 | €2,545 | €1,331 | €94 | €1,167 | ▲ 1,138% |
| Suppliers440/4 | - | €2,545 | €1,331 | €94 | €1,167 | ▲ 1,138% |
| Taxes, remuneration and social security45 | - | €2,631 | €5,674 | €1,734 | €1,430 | ▼ 17.5% |
| Taxes450/3 | - | €2,631 | €5,674 | €1,734 | €1,430 | ▼ 17.5% |
| Other amounts payable47/48 | - | €53,794 | €53,523 | €57,963 | €64,235 | ▲ 10.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €522 | €1,592 | €1,349 | -€18,761 | -€15,686 | ▲ 16.4% |
| + Depreciation and write-downs630 | - | €6,271 | €6,271 | €6,271 | €6,271 | = |
| Operating cash flow (approximation) | €522 | €7,863 | €7,620 | -€12,490 | -€9,415 | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | -€22,102 | €514 | €5,540 | -€336 | ▼ 106% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€18,761
Net result drops to -€18,761, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €522
Net result €522 after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2002
Ground area
287 m²
Building footprint
276 m²
Volume, LiDAR
1,728 m³
Parcel 21362B0225/00L004, Brussels · tallest building 16.3 m, ±1 floor. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
Sint-Pieterssteenweg 387, 1040 Etterbeek
since 20022.114.159.837
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0225/00L004 | Brussels | 287 m² | 1 · 276 m² | 16.3 m · 1 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.
Similar companies · same sector, comparable size
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AENTIS
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. 1,082 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 (pre-2019)
Founded20-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477794878
Also
9925:BE0477794878
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.