Equity
-€16,470
Debts exceed assets in financial year 2025.
PROTECT PROJECTS
Lifetime
18 annual accounts with figures on one time axis, 27 filings since 1998peak €88,378 (2024)
€64,988▼ 26.5%
lowest -€48,056 (2011)
€37,221▼ 28.2%
peak -€16,470 (2025)
-€16,470▲ €37,221
€178,283▼ 8.8%
peak 3.3 FTE (2009)
-not published
Board2 names since 2016
1 director
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €88,378 to €64,988Result from €51,870 to €37,221Equity from -€53,691 to -€16,470Cash from €92,583 to €135,089
Key points
from the 2025 annual accountsProfit
12 years
12 profitable years in a row. Profit 2025: €37,221.
Turnover
≈ €250,000 estimated
The accounts state no turnover.
Debts
€178,283 110% of the balance sheet
Financial debts 89%Suppliers 0%Taxes and wages 5%Other 5%
Of this, €10,828 falls due within a year.
Filings
27 annual accounts since 1998
Seven of the last ten came late. The 2019 accounts came latest: 32 days after the end of the period.
Position in the sector
-€16,470
Less equity than 95% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as PROTECT PROJECTS has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,795 companies, not a prediction for PROTECT 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0459858291
Appointment: (director)
General meeting of 26-12-2023 · Gazette deed
Security firm approval (alarm systems) granted
Decision of 22-02-2017, published on 20-04-2017
Company renamed from SPIRIT to PROTECT PROJECTS
Registered office moved from Boortmeerbeek to Haaltert · New registered office: Kerkskenveld 4, 9451 Haaltert · Previous registered office: Leuvensesteenweg 209, 3190 Boortmeerbeek · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROTECT PROJECTS Haaltert | €161,812 | €64,988 | -10.2% | - |
| DE TROCH ROLAND Aalst | €174,024 | €63,299 | 83.1% | - |
| ELECTRICITY AND SECURITY ASSOCIATION Merelbeke-Melle | €188,956 | €70,699 | 57.7% | 1 |
| C.G.E.G. Anderlecht | €161,480 | €60,743 | 37.9% | - |
| SECUR LIFE PROTECT Chièvres | €177,774 | €62,743 | 54.9% | - |
| YBBS Leuven | €162,139 | €58,266 | 91.2% | - |
| CABLING PROJECTS en MAINTENANCE Keerbergen | €147,515 | €57,608 | 75.1% | - |
These companies have the same main activity as PROTECT PROJECTS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €148,000 and €189,000, founded between 1995 and 2000.
Official details
Source: KBO- Status
- Active since 17-01-1997Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Establishment units
- 2.080.948.9189451 Haaltert, since 20-03-1997
- 2.260.646.1689551 Herzele, since 03-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2024
Annual accounts 2025
- €161,812▲ 14.2%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on PROTECT PROJECTS
PROTECT PROJECTS files the micro format. That format states no turnover. The gross margin rose from €33,002 in 2008 to €64,988 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROTECT PROJECTS
- What is the company number of PROTECT PROJECTS?
- The company number of PROTECT PROJECTS is 0459.858.291. The VAT number is the same number with BE in front: BE 0459.858.291.
- Where is PROTECT PROJECTS based?
- The registered office is at Kerkskenveld 4, 9451 Haaltert.Company details
- What does PROTECT PROJECTS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of PROTECT PROJECTS?
- PROTECT PROJECTS is a private limited company (BV).
- When was PROTECT PROJECTS founded?
- PROTECT PROJECTS was founded on 17-01-1997.
- Is PROTECT PROJECTS still active?
- Yes, PROTECT PROJECTS is an active enterprise in the KBO register.
- What is the turnover of PROTECT PROJECTS?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €64,988 and 40 comparable companies (NACE 43211). It probably lies between €160,000 and €400,000.Financials
- Is PROTECT PROJECTS profitable?
- In financial year 2025, PROTECT PROJECTS made a profit of €37,221.
- Where can I find the annual accounts of PROTECT PROJECTS?
- PROTECT PROJECTS filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROTECT PROJECTS due?
- PROTECT PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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