ProjExc
ActiveSummary
ProjExc has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,508 and a net result of €103,012. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency60▼-40
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 6.52 in 2024; short-term debt: 64.5% and cash: 89.2% of total assets), but 64.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
35.5%
Return on assets
37.9%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
16 d early
2023
57 d late
2022
42 d late
2021
179 d late
2020
86 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 September (4 of the last 5 filed years within 70 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Bassenge, Construction sector
Equity
€96,508▼ 34.1%
2024 · €146,438
Total assets
€272,139▲ 58.2%
2024 · €171,984
Net result
€103,012▲ 2.9%
2024 · €100,146
Working capital
€92,525▼ 34.4%
2024 · €141,063
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,323▲ 42.5%€90,396€12,096▼ 86.6%€129,442▲ 970%€134,418▲ 3.8%
Net result-€13,660below the sector's middle half▲ 41.8%€74,967above the sector's middle half€7,885within the sector's middle half▼ 89.5%€100,146above the sector's middle half▲ 1,170%€103,012above the sector's middle half▲ 2.9%
Equity€93,440within the sector's middle half▼ 35.4%€98,407within the sector's middle half▲ 5.3%€106,292within the sector's middle half▲ 8.0%€146,438above the sector's middle half▲ 37.8%€96,508within the sector's middle half▼ 34.1%
Total assets€104,648within the sector's middle half▼ 30.5%€163,474within the sector's middle half▲ 56.2%€119,330within the sector's middle half▼ 27.0%€171,984within the sector's middle half▲ 44.1%€272,139within the sector's middle half▲ 58.2%
Debt€11,208▲ 89.8%€65,067▲ 481%€13,038▼ 80.0%€25,547▲ 95.9%€175,631▲ 587%
Working capital€70,381within the sector's middle half▼ 51.3%€79,600within the sector's middle half▲ 13.1%€94,575above the sector's middle half▲ 18.8%€141,063above the sector's middle half▲ 49.2%€92,525within the sector's middle half▼ 34.4%
Solvency89.3%above the sector's middle half▼ 6.8pp60.2%within the sector's middle half▼ 29.1pp89.1%above the sector's middle half▲ 28.9pp85.1%above the sector's middle half▼ 3.9pp35.5%within the sector's middle half▼ 49.7pp
Current ratio7.28above the sector's middle half▼ 19.152.22within the sector's middle half▼ 5.068.25above the sector's middle half▲ 6.036.52above the sector's middle half▼ 1.731.53within the sector's middle half▼ 4.99
Return on assets (ROA)-13.1%below the sector's middle half▲ 2.5pp45.9%above the sector's middle half▲ 58.9pp6.6%within the sector's middle half▼ 39.3pp58.2%above the sector's middle half▲ 51.6pp37.9%above the sector's middle half▼ 20.4pp
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 per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272,139
Fixed assets
€3,983 ▼ 25.9%
Current assets
€268,156 ▲ 60.9%
Equity and liabilities €272,139
Equity
€96,508 ▼ 34.1%
Debt
€175,631 ▲ 587%
Debt's share of the balance-sheet total rises from 14.9% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€135,809▼
2024 · €136,538
Cash flow
€104,404▼
2024 · €107,241
Debt to equity
1.82▲
2024 · 0.17
ROE
106.7%▲
2024 · 68.4%
Interest coverage
387.30▼
2024 · 555.89
Debt ≤ 1 year
€175,631▲
2024 · €25,547
Income taxes
€31,056▲
2024 · €29,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,912 | €9,513 | €10,175 | €7,096 | €1,392 | ▼ 80.4% |
| Other operating charges640/8 | €988 | €1,656 | €1,543 | €1,041 | €1,132 | ▲ 8.7% |
| Gross operating margin9900 | -€8,422 | €101,564 | €23,814 | €137,579 | €136,941 | ▼ 0.5% |
| Operating profit (loss)9901 | -€13,323 | €90,396 | €12,096 | €129,442 | €134,418 | ▲ 3.8% |
| Financial income75/76B | - | €20 | €0 | €3 | €1 | ▼ 68.0% |
| Recurring financial income75 | - | €20 | €0 | €3 | €1 | ▼ 68.0% |
| Financial charges65/66B | €290 | €250 | €259 | €246 | €351 | ▲ 42.8% |
| Recurring financial charges65 | €290 | €250 | €259 | €246 | €351 | ▲ 42.8% |
| Profit (loss) for the period before taxes9903 | -€13,613 | €90,166 | €11,837 | €129,200 | €134,068 | ▲ 3.8% |
| Income taxes67/77 | €48 | €15,199 | €3,952 | €29,054 | €31,056 | ▲ 6.9% |
| Profit (loss) for the period9904 | -€13,660 | €74,967 | €7,885 | €100,146 | €103,012 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | -€13,660 | €74,967 | €7,885 | €100,146 | €103,012 | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,648 | €163,474 | €119,330 | €171,984 | €272,139 | ▲ 58.2% |
| Fixed assets21/28 | €23,059 | €18,807 | €11,717 | €5,375 | €3,983 | ▼ 25.9% |
| Tangible fixed assets22/27 | €23,059 | €18,807 | €11,717 | €5,375 | €3,983 | ▼ 25.9% |
| Furniture and vehicles24 | €23,059 | €15,527 | €6,077 | €703 | €280 | ▼ 60.2% |
| Other tangible fixed assets26 | - | €3,280 | €5,640 | €4,672 | €3,703 | ▼ 20.7% |
| Current assets29/58 | €81,589 | €144,667 | €107,613 | €166,609 | €268,156 | ▲ 60.9% |
| Amounts receivable within one year40/41 | €28,927 | €56,600 | €41,290 | €72,663 | €23,080 | ▼ 68.2% |
| Trade receivables40 | €28,871 | €54,933 | €23,304 | €60,598 | €16,041 | ▼ 73.5% |
| Other amounts receivable41 | €56 | €1,667 | €17,986 | €12,065 | €7,039 | ▼ 41.7% |
| Cash at bank and in hand54/58 | €50,630 | €86,094 | €64,196 | €91,672 | €242,688 | ▲ 165% |
| Deferred charges and accrued income490/1 | €2,032 | €1,973 | €2,127 | €2,274 | €2,387 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,648 | €163,474 | €119,330 | €171,984 | €272,139 | ▲ 58.2% |
| Equity10/15 | €93,440 | €98,407 | €106,292 | €146,438 | €96,508 | ▼ 34.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €74,840 | €79,807 | €87,692 | €127,838 | €77,908 | ▼ 39.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €72,980 | €77,947 | €85,832 | €125,978 | €76,048 | ▼ 39.6% |
| Amounts payable17/49 | €11,208 | €65,067 | €13,038 | €25,547 | €175,631 | ▲ 587% |
| Amounts payable within one year42/48 | €11,208 | €65,067 | €13,038 | €25,547 | €175,631 | ▲ 587% |
| Trade debts44 | €1,021 | €3,686 | €2,284 | €5,058 | €3,187 | ▼ 37.0% |
| Suppliers440/4 | €1,021 | €3,686 | €2,284 | €5,058 | €3,187 | ▼ 37.0% |
| Taxes, remuneration and social security45 | €8,482 | €9,058 | €7,703 | €18,636 | €14,844 | ▼ 20.3% |
| Taxes450/3 | €7,307 | €6,390 | - | €13,483 | €11,402 | ▼ 15.4% |
| Remuneration and social security454/9 | €1,175 | €2,668 | €7,703 | €5,153 | €3,441 | ▼ 33.2% |
| Other amounts payable47/48 | €1,705 | €52,323 | €3,051 | €1,852 | €157,600 | ▲ 8,408% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,660 | €74,967 | €7,885 | €100,146 | €103,012 | ▲ 2.9% |
| + Depreciation and write-downs630 | €3,912 | €9,513 | €10,175 | €7,096 | €1,392 | ▼ 80.4% |
| Operating cash flow (approximation) | -€9,748 | €84,480 | €18,060 | €107,241 | €104,404 | ▼ 2.6% |
| Investment in fixed assets (approximation) | - | -€5,261 | -€3,085 | -€753 | €0 | ▲ 100% |
| Change in cash | - | €35,464 | -€21,898 | €27,476 | €151,016 | ▲ 450% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €103,012 ▲2.9%
Operating result €134,418, net result €103,012, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 8.25
Current ratio from 2.22 to 8.25; short-term debt falls from €65,067 to €13,038.
31-12
Financial
Equity above €100,000Eq €106,292 ▲8%
2 profitable years in a row build equity to €106,292.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 179 days late
2022
31-12
Financial
Back to profitnet €74,967
Net result €74,967 after 2 loss-making years.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet -€23,474
Net result drops to -€23,474, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 26.42
Current ratio from 6.65 to 26.42; short-term debt falls from €29,619 to €5,685.
Show earlier events
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Bassenge · 1 establishment unit since 2016
Ground area
2,369 m²
Building footprint
192 m²
Parcel 62044A0685/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PROJEXC
since 20162.252.076.021
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62044A0685/00G000 | Wallonia | 2,369 m² | 1 · 192 m² | - |
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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,807 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)
Founded18-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46190Agents in non-specialised wholesale trade
47639Retail sale of other sporting goods
50100Water transport
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0650591371
Also
9925:BE0650591371
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.