Properly Projects
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 69 days after the deadline Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555432.
Annual accounts 2025 filed on 08-10-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €61,909, smaller than the loss of €154,570 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €10,000 | - |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €2,758 | €3,333 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,758 | €3,333 | ▲ 20.9% |
| Other operating charges640/8 | €284 | €172 | ▼ 39.4% |
| Gross operating margin9900 | -€151,528 | -€58,403 | ▲ 61.5% |
| Operating profit (loss)9901 | -€154,570 | -€61,909 | ▲ 59.9% |
| Financial income75/76B | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €225 | €561 | ▲ 149% |
| Recurring financial charges65 | €225 | €561 | ▲ 149% |
| Profit (loss) for the period before taxes9903 | -€154,795 | -€62,470 | ▲ 59.6% |
| Income taxes67/77 | €54 | €132 | ▲ 143% |
| Profit (loss) for the period9904 | -€154,849 | -€62,602 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | -€154,849 | -€62,602 | ▲ 59.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €365,517 | €353,999 | ▼ 3.2% |
| Fixed assets21/28 | €7,242 | €3,909 | ▼ 46.0% |
| Tangible fixed assets22/27 | €7,242 | €3,909 | ▼ 46.0% |
| Furniture and vehicles24 | €7,242 | €3,909 | ▼ 46.0% |
| Current assets29/58 | €358,275 | €350,091 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €358,186 | €349,518 | ▼ 2.4% |
| Other amounts receivable41 | €358,186 | €349,518 | ▼ 2.4% |
| Cash at bank and in hand54/58 | €88 | €184 | ▲ 108% |
| Deferred charges and accrued income490/1 | - | €389 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €365,517 | €353,999 | ▼ 3.2% |
| Equity10/15 | -€153,349 | -€215,951 | ▼ 40.8% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€154,849 | -€217,451 | ▼ 40.4% |
| Amounts payable17/49 | €518,866 | €569,950 | ▲ 9.8% |
| Amounts payable within one year42/48 | €518,866 | €569,950 | ▲ 9.8% |
| Trade debts44 | €2,430 | €777 | ▼ 68.0% |
| Suppliers440/4 | €2,430 | €777 | ▼ 68.0% |
| Taxes, remuneration and social security45 | €54 | €132 | ▲ 143% |
| Taxes450/3 | €54 | €132 | ▲ 143% |
| Other amounts payable47/48 | €516,381 | €569,041 | ▲ 10.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€154,849 | -€62,602 | ▲ 59.6% |
| + Depreciation and write-downs630 | €2,758 | €3,333 | ▲ 20.9% |
| Operating cash flow (approximation) | -€152,091 | -€59,268 | ▲ 61.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €95 | - |
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 Properly Projects has now. Two years later, 84.8% 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.
That fits the bankruptcy probability of Properly Projects itself: 2.9% within 12 months.
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 Properly Projects. 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.