PROJON
ActiveSummary
PROJON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443k and a net result of €82k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 83% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 6.23 against 3.85 in 2024; short-term debt: 15.1% and cash: 48.9% of total assets), and 16.3% of the assets are financed with debt.
Credit check 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
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
83.7%
Return on assets
15.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €443k
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
27 d early
2023
22 d early
2022
97 d early
2021
58 d early
2020
57 d early
2019
56 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€443k▲ 22.8%
2024 · €361k
2018: €309k
2019: €353k▲ +14.1% vs 2018
2020: €361k▲ +2.3% vs 2019
2021: €288k▼ -20.3% vs 2020lowest in 8 years
2022: €328k▲ +14.2% vs 2021
2023: €303k▼ -7.6% vs 2022
2024: €361k▲ +18.9% vs 2023
2025: €443k▲ +22.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€529k▲ 12.0%
2024 · €473k
2018: €350klowest in 8 years
2019: €383k▲ +9.3% vs 2018
2020: €406k▲ +6.0% vs 2019
2021: €375k▼ -7.5% vs 2020
2022: €388k▲ +3.3% vs 2021
2023: €384k▼ -0.9% vs 2022
2024: €473k▲ +23.1% vs 2023
2025: €529k▲ +12.0% vs 2024highest in 8 years
2018 → 2025
Net result
€82k▲ 43.8%
2024 · €57k
2018: €24k
2019: €44k▲ +84.6% vs 2018
2020: €8k▼ -81.7% vs 2019lowest in 8 years
2021: €13k▲ +64.4% vs 2020
2022: €41k▲ +210% vs 2021
2023: €41k▲ +1.9% vs 2022
2024: €57k▲ +38.0% vs 2023
2025: €82k▲ +43.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€419k▲ 31.2%
2024 · €319k
2018: €281k
2019: €332k▲ +18.1% vs 2018
2020: €346k▲ +4.1% vs 2019
2021: €276k▼ -20.1% vs 2020
2022: €324k▲ +17.4% vs 2021
2023: €251k▼ -22.5% vs 2022lowest in 8 years
2024: €319k▲ +27.1% vs 2023
2025: €419k▲ +31.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€288k-€328k▲ 14.2%€303k▼ 7.6%€361k▲ 18.9%€443k▲ 22.8%
2021: €288klowest in 5 years
2022: €328k▲ +14.2% vs 2021
2023: €303k▼ -7.6% vs 2022
2024: €361k▲ +18.9% vs 2023
2025: €443k▲ +22.8% vs 2024highest in 5 years
Operating result€10k-€56k▲ 481%€44k▼ 21.9%€81k▲ 83.6%€109k▲ 34.9%
2021: €10klowest in 5 years
2022: €56k▲ +481% vs 2021
2023: €44k▼ -21.9% vs 2022
2024: €81k▲ +83.6% vs 2023
2025: €109k▲ +34.9% vs 2024highest in 5 years
Net result€13k-€41k▲ 210%€41k▲ 1.9%€57k▲ 38.0%€82k▲ 43.8%
2021: €13klowest in 5 years
2022: €41k▲ +210% vs 2021
2023: €41k▲ +1.9% vs 2022
2024: €57k▲ +38.0% vs 2023
2025: €82k▲ +43.8% vs 2024highest in 5 years
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 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €529k
Fixed assets
€31k ▼ 25.3%
Current assets
€498k ▲ 15.6%
Equity and liabilities €529k
Equity
€443k ▲ 22.8%
Debt
€87k ▼ 22.8%
Debt's share of the balance-sheet total falls from 23.7% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122k▲
2024 · €94k
Cash flow
€96k▲
2024 · €70k
Current ratio
6.23▲
2024 · 3.85
Quick ratio
6.23▲
2024 · 3.84
Debt to equity
0.20▼
2024 · 0.31
ROE
18.6%▲
2024 · 15.9%
ROA
15.5%▲
2024 · 12.1%
Interest coverage
46.21▲
2024 · 36.83
Debt ≤ 1 year
€80k▼
2024 · €112k
Income taxes
€33k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€473k€529k▲
Fixed assets21/28€42k€31k▼
Tangible fixed assets22/27€42k€31k▼
Plant, machinery and equipment23€509€259▼
Furniture and vehicles24€40k€31k▼
Other tangible fixed assets26€525-
Current assets29/58€431k€498k▲
Stocks and contracts in progress3€676€692▲
Stocks30/36€676€692▲
Amounts receivable within one year40/41€19k€7k▼
Trade receivables40€19k€7k▼
Other amounts receivable41€50€146▲
Current investments50/53€280k€228k▼
Cash at bank and in hand54/58€129k€259k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€473k€529k▲
Equity10/15€361k€443k▲
Contributions10/11€19k€19k=
Reserves13€342k€424k▲
Distributable reserves133€342k€424k▲
Amounts payable17/49€112k€87k▼
Amounts payable within one year42/48€112k€80k▼
Trade debts44€5k€6k▲
Suppliers440/4€5k€6k▲
Advances received on contracts in progress46€66k€36k▼
Taxes, remuneration and social security45€27k€21k▼
Taxes450/3€24k€15k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€14k€17k▲
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€95k€124k▲
Operating profit (loss)9901€81k€109k▲
Financial income75/76B€2k€9k▲
Recurring financial income75€2k€9k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€80k€115k▲
Income taxes67/77€23k€33k▲
Profit (loss) for the period9904€57k€82k▲
Profit (loss) for the period to be appropriated9905€57k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€82k▲
Transfer to equity691/2€57k€82k▲
To other reserves6921€57k€82k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €9k | €13k | €13k | ▲ 2.7% |
| Other operating charges640/8 | €1k | €1k | €3k | €1k | €2k | ▲ 10.8% |
| Non-recurring operating charges66A | - | - | €291 | - | - | - |
| Gross operating margin9900 | €19k | €65k | €56k | €95k | €124k | ▲ 30.2% |
| Operating profit (loss)9901 | €10k | €56k | €44k | €81k | €109k | ▲ 34.9% |
| Financial income75/76B | €14k | €1k | €16k | €2k | €9k | ▲ 282% |
| Recurring financial income75 | €14k | €1k | €16k | €2k | €9k | ▲ 282% |
| Financial charges65/66B | €2k | €1k | €3k | €3k | €3k | ▲ 4.0% |
| Recurring financial charges65 | €2k | €1k | €3k | €3k | €3k | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €22k | €56k | €57k | €80k | €115k | ▲ 43.2% |
| Income taxes67/77 | €9k | €16k | €16k | €23k | €33k | ▲ 42.0% |
| Profit (loss) for the period9904 | €13k | €41k | €41k | €57k | €82k | ▲ 43.8% |
| Transfer from tax-exempt reserves789 | €12k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €26k | €41k | €41k | €57k | €82k | ▲ 43.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375k | €388k | €384k | €473k | €529k | ▲ 12.0% |
| Fixed assets21/28 | €12k | €4k | €52k | €42k | €31k | ▼ 25.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €12k | €4k | €52k | €42k | €31k | ▼ 25.3% |
| Plant, machinery and equipment23 | €2k | €1k | €760 | €509 | €259 | ▼ 49.2% |
| Furniture and vehicles24 | €8k | €1k | €50k | €40k | €31k | ▼ 24.0% |
| Other tangible fixed assets26 | €2k | €2k | €1k | €525 | - | - |
| Current assets29/58 | €364k | €383k | €332k | €431k | €498k | ▲ 15.6% |
| Stocks and contracts in progress3 | €1k | €762 | €919 | €676 | €692 | ▲ 2.4% |
| Stocks30/36 | €1k | €762 | €919 | €676 | €692 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €10k | €18k | €43k | €19k | €7k | ▼ 64.2% |
| Trade receivables40 | €10k | €17k | €42k | €19k | €7k | ▼ 64.9% |
| Other amounts receivable41 | - | €2k | €1k | €50 | €146 | ▲ 189% |
| Current investments50/53 | €87k | €87k | €160k | €280k | €228k | ▼ 18.5% |
| Cash at bank and in hand54/58 | €264k | €274k | €126k | €129k | €259k | ▲ 101% |
| Deferred charges and accrued income490/1 | €990 | €2k | €2k | €3k | €4k | ▲ 37.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375k | €388k | €384k | €473k | €529k | ▲ 12.0% |
| Equity10/15 | €288k | €328k | €303k | €361k | €443k | ▲ 22.8% |
| Contributions10/11 | €85k | €85k | €19k | €19k | €19k | = |
| Reserves13 | €203k | €243k | €285k | €342k | €424k | ▲ 24.1% |
| Non-distributable reserves130/1 | €9k | €9k | - | - | - | - |
| Reserves not available under the articles1311 | €9k | €9k | - | - | - | - |
| Distributable reserves133 | €194k | €235k | €285k | €342k | €424k | ▲ 24.1% |
| Amounts payable17/49 | €88k | €59k | €81k | €112k | €87k | ▼ 22.8% |
| Amounts payable within one year42/48 | €88k | €59k | €81k | €112k | €80k | ▼ 28.7% |
| Trade debts44 | €4k | €4k | €3k | €5k | €6k | ▲ 11.1% |
| Suppliers440/4 | €4k | €4k | €3k | €5k | €6k | ▲ 11.1% |
| Advances received on contracts in progress46 | €62k | €27k | €51k | €66k | €36k | ▼ 45.5% |
| Taxes, remuneration and social security45 | €10k | €8k | €10k | €27k | €21k | ▼ 21.7% |
| Taxes450/3 | €7k | €5k | €4k | €24k | €15k | ▼ 38.1% |
| Remuneration and social security454/9 | €3k | €3k | €6k | €3k | €6k | ▲ 102% |
| Other amounts payable47/48 | €11k | €21k | €16k | €14k | €17k | ▲ 21.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €41k | €41k | €57k | €82k | ▲ 43.8% |
| + Depreciation and write-downs630 | €7k | €8k | €9k | €13k | €13k | ▲ 2.7% |
| Operating cash flow (approximation) | €21k | €48k | €50k | €70k | €96k | ▲ 36.1% |
| Investment in fixed assets (approximation) | - | €-363 | €-57k | €-2k | €-3k | ▼ 22.1% |
| Change in cash | - | €11k | €-148k | €3k | €130k | ▲ 4,323% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €82k ▲43.8%
Operating result €109k, net result €82k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼81.7%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Gent · 1 establishment unit since 2002
Ground area
887 m²
Building footprint
244 m²
Volume, LiDAR
1,300 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROJON BVBA
since 20022.115.384.710
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0222/00F000 | Flanders | 618 m² | 1 · 147 m² | 11.4 m · 2 fl. |
| 44038A0204/00V000 | Flanders | 269 m² | 1 · 97 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 · 1 entry · 45 EUR awarded · 45 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 45 EUR | 45 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500SA5XQSDXQB7H09
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,039 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
Founded01-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
43211General electrical installation work
47540Retail sale of electrical household appliances
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.