PV PROJECTS
ActiveSummary
PV PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency41▲+14
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.46 in 2024; short-term debt: 62.6% and cash: 5.4% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Five 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2015 sector peers (2025).
NBB · sector comparisonPosition among 2015 sector peers
Solvency
better than 20%
← weakest
strongest →
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
202122232425
2020 to 2025 · latest year €14k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-12-2025, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
52 d early
2023
50 d early
2022
53 d early
2021
54 d early
2020
51 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€14k▲ 373%
2024 · €3k
Total assets
€84k▼ 31.0%
2024 · €121k
Net result
€11k▼ 79.1%
2024 · €52k
Working capital
€-35k▲ 22.9%
2024 · €-46k
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
Line20212022202320242025
Operating result€47k▲ 26.2%€44k▼ 6.8%€41k▼ 6.8%€72k▲ 74.3%€18k▼ 75.2%
Net result€37k▲ 27.2%€35k▼ 5.4%€33k▼ 6.1%€52k▲ 59.3%€11k▼ 79.1%
Equity€68k▲ 117%€103k▲ 51.0%€3k▼ 97.3%€3k▲ 4.2%€14k▲ 373%
Total assets€81k▲ 92.7%€109k▲ 34.2%€138k▲ 27.2%€121k▼ 12.2%€84k▼ 31.0%
Debt€13k▲ 20.2%€6k▼ 55.8%€135k▲ 2,309%€118k▼ 12.6%€70k▼ 40.9%
Working capital€65k▲ 130%€102k▲ 55.3%€1k▼ 98.9%€-46k€-35k▲ 22.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€67k ▼ 19.6%
Current assets
€17k ▼ 55.4%
Equity and liabilities €84k
Equity
€14k ▲ 373%
Debt
€70k ▼ 40.9%
Debt's share of the balance-sheet total falls from 97.6% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €73k
Cash flow
€29k▼
2024 · €54k
Current ratio
0.33▼
2024 · 0.46
Debt to equity
5.08▼
2024 · 40.62
ROE
78.8%
ROA
13.0%▼
2024 · 42.9%
Interest coverage
14.25▼
2024 · 132.13
Debt ≤ 1 year
€52k▼
2024 · €84k
Debt > 1 year
€18k▼
2024 · €34k
Income taxes
€4k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €21k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €2k | €18k | ▲ 799% |
| Other operating charges640/8 | - | €303 | €423 | €750 | €605 | ▼ 19.3% |
| Gross operating margin9900 | €49k | €46k | €43k | €74k | €36k | ▼ 51.4% |
| Operating profit (loss)9901 | €47k | €44k | €41k | €72k | €18k | ▼ 75.2% |
| Financial income75/76B | - | - | €13 | €6 | - | - |
| Recurring financial income75 | - | - | €13 | €6 | - | - |
| Financial charges65/66B | - | €59 | €63 | €556 | €2k | ▲ 348% |
| Recurring financial charges65 | €53 | €59 | €63 | €556 | €2k | ▲ 348% |
| Profit (loss) for the period before taxes9903 | €47k | €44k | €41k | €71k | €15k | ▼ 78.5% |
| Income taxes67/77 | €10k | €9k | €8k | €19k | €4k | ▼ 76.8% |
| Profit (loss) for the period9904 | €37k | €35k | €33k | €52k | €11k | ▼ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €37k | €35k | €33k | €52k | €11k | ▼ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €109k | €138k | €121k | €84k | ▼ 31.0% |
| Fixed assets21/28 | €3k | €1k | €2k | €83k | €67k | ▼ 19.6% |
| Tangible fixed assets22/27 | €3k | €1k | €2k | €83k | €67k | ▼ 19.6% |
| Plant, machinery and equipment23 | - | €1k | €2k | €4k | €2k | ▼ 48.0% |
| Furniture and vehicles24 | - | - | - | €79k | €65k | ▼ 18.3% |
| Current assets29/58 | €78k | €107k | €137k | €39k | €17k | ▼ 55.4% |
| Amounts receivable within one year40/41 | €10k | €9k | €13k | €38k | €12k | ▼ 68.3% |
| Trade receivables40 | - | €8k | €12k | €38k | €12k | ▼ 69.0% |
| Other amounts receivable41 | - | €857 | €1k | - | €264 | - |
| Cash at bank and in hand54/58 | €67k | €96k | €122k | €154 | €5k | ▲ 2,840% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €735 | €733 | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €109k | €138k | €121k | €84k | ▼ 31.0% |
| Equity10/15 | €68k | €103k | €3k | €3k | €14k | ▲ 373% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €66k | €101k | €299 | €417 | €11k | ▲ 2,606% |
| Amounts payable17/49 | €13k | €6k | €135k | €118k | €70k | ▼ 40.9% |
| Amounts payable after more than one year17 | - | - | - | €34k | €18k | ▼ 48.8% |
| Financial debts170/4 | - | - | - | €34k | €18k | ▼ 48.8% |
| Amounts payable within one year42/48 | €13k | €6k | €135k | €84k | €52k | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16k | €17k | ▲ 5.1% |
| Trade debts44 | €578 | €1k | €32 | €2k | €814 | ▼ 58.8% |
| Suppliers440/4 | - | €1k | €32 | €2k | €814 | ▼ 58.8% |
| Taxes, remuneration and social security45 | - | €3k | €22k | €15k | €750 | ▼ 94.9% |
| Taxes450/3 | - | €3k | €22k | €15k | €750 | ▼ 94.9% |
| Other amounts payable47/48 | - | €2k | €113k | €52k | €34k | ▼ 33.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €35k | €33k | €52k | €11k | ▼ 79.1% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €2k | €18k | ▲ 799% |
| Operating cash flow (approximation) | €38k | €36k | €34k | €54k | €29k | ▼ 47.1% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-83k | €-2k | ▲ 98.2% |
| Change in cash | - | €29k | €26k | €-122k | €4k | ▲ 104% |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet €11k ▼79.1%
Net result drops to €11k, the lowest in the series.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2020net €52k ▲59.3%
Operating result €72k, net result €52k, both a record.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 19.07
Current ratio from 6.14 to 19.07; short-term debt falls from €13k to €6k.
30-06
Financial
Equity above €100kEq €103k ▲51%
3 profitable years in a row build equity to €103k.
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2019
Ground area
3,922 m²
Building footprint
227 m²
Volume, LiDAR
1,048 m³
Parcel 11332L0067/00Y003, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PV PROJECTS
since 20192.290.153.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11332L0067/00Y003 | Flanders | 3,922 m² | 1 · 227 m² | 6.2 m · 2 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 3,439 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
Founded14-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.