PxP Projects
ActivePxP Projects has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520k and a net result of €7k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-10
Solvency62▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.95 in 2024; short-term debt: 56.8% and cash: 10.2% of total assets), and 63.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
36.5%
Return on assets
0.5%
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 10-03-2026, 143 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
143 d early
2024
31 d early
2023
29 d early
2022
24 d early
2021
62 d early
2020
82 d early
2019
30 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€520k▲ 1.4%
2024 · €513k
2018: €169k
2019: €292k
2020: €345k
2021: €466k
2022: €433k
2023: €469k
2024: €513k
2018 → 2025
Total assets
€1.42M▼ 13.4%
2024 · €1.64M
2018: €801k
2019: €1.55M
2020: €1.59M
2021: €1.60M
2022: €1.36M
2023: €1.41M
2024: €1.64M
2018 → 2025
Net result
€7k▼ 84.0%
2024 · €45k
2018: €82k
2019: €123k
2020: €53k
2021: €121k
2022: €-33k
2023: €36k
2024: €45k
2018 → 2025
Working capital
€329k▼ 44.6%
2024 · €594k
2018: €96k
2019: €149k
2020: €269k
2021: €168k
2022: €182k
2023: €230k
2024: €594k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€466k-€433k▼ 7.1%€469k▲ 8.4%€513k▲ 9.3%€520k▲ 1.4%
Operating result€197k-€-16k€56k€75k▲ 36.0%€27k▼ 64.5%
Net result€121k-€-33k€36k€45k▲ 22.9%€7k▼ 84.0%
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 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€286k▼ 33.1%
Current assets
€1.14M▼ 6.4%
Equity and liabilities €1.42M
Equity
€520k▲ 1.4%
Debt
€904k▼ 20.0%
The debt ratio falls from 68.8% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€152k▼
2024 · €197k
Cash flow
€132k▼
2024 · €166k
Solvency
36.5%▲
2024 · 31.2%
Current ratio
1.41▼
2024 · 1.95
Quick ratio
1.00▼
2024 · 1.55
Debt / equity
1.74▼
2024 · 2.21
ROE
1.4%▼
2024 · 8.7%
ROA
0.5%▼
2024 · 2.7%
Interest coverage
5.17▼
2024 · 8.56
Debt
€904k▼
2024 · €1.13M
Debt ≤ 1 year
€809k▲
2024 · €622k
Debt > 1 year
€91k▼
2024 · €159k
Income taxes
€6k▼
2024 · €15k
Staff costs
€896k▲
2024 · €801k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.64M€1.42M▼
Fixed assets21/28€428k€286k▼
Intangible fixed assets21€24k€15k▼
Tangible fixed assets22/27€404k€271k▼
Land and buildings22€64k€32k▼
Plant, machinery and equipment23€21k€14k▼
Furniture and vehicles24€58k€51k▼
Leasing and similar rights25€243k€159k▼
Other tangible fixed assets26€17k€15k▼
Financial fixed assets28€119€119=
Current assets29/58€1.22M€1.14M▼
Stocks and contracts in progress3€249k€329k▲
Stocks30/36€181k€202k▲
Contracts in progress37€68k€127k▲
Amounts receivable within one year40/41€780k€624k▼
Trade receivables40€731k€244k▼
Other amounts receivable41€49k€380k▲
Cash at bank and in hand54/58€160k€145k▼
Deferred charges and accrued income490/1€27k€40k▲
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.42M▼
Equity10/15€513k€520k▲
Contributions10/11€19k€19k=
Reserves13€494k€501k▲
Distributable reserves133€494k€501k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.13M€904k▼
Amounts payable after more than one year17€159k€91k▼
Financial debts170/4€159k€91k▼
Amounts payable within one year42/48€622k€809k▲
Current portion of amounts payable after more than one year42€73k€97k▲
Financial debts43€250k€190k▼
Credit institutions430/8€250k€190k▼
Trade debts44€162k€357k▲
Suppliers440/4€162k€357k▲
Taxes, remuneration and social security45€131k€156k▲
Taxes450/3€27k€33k▲
Remuneration and social security454/9€104k€124k▲
Other amounts payable47/48€6k€9k▲
Accrued charges and deferred income492/3€350k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€801k€896k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122k€125k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€5k€11k▲
Gross operating margin9900€1.00M€1.06M▲
Operating profit (loss)9901€75k€27k▼
Financial income75/76B€7k€16k▲
Recurring financial income75€7k€16k▲
Financial charges65/66B€23k€29k▲
Recurring financial charges65€23k€29k▲
Profit (loss) for the period before taxes9903€59k€13k▼
Income taxes67/77€15k€6k▼
Profit (loss) for the period9904€45k€7k▼
Profit (loss) for the period to be appropriated9905€45k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€7k▼
Transfer to equity691/2€45k€7k▼
To other reserves6921€45k€7k▼
Social balance
Average headcount (FTE)908714.315.6▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
19-02
State Gazette act
RestructuringBoard meeting · Demerger · Corporate purpose12 facts ▸
State Gazette act
Restructuring
Board meeting · Demerger · Corporate purpose12 facts ▸
- Board meeting, 2026-02-10
- Demerger, partiële splitsing door oprichting
- Corporate purpose, In alle sectoren, doch in vooral toegespitst op de bouwsector: - import en export van de goederen, - aan- en verkoop van materialen, - plaatsing van materialen,…
- Corporate purpose, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, in België alsook in het buitenland, alle verrichtingen die, algemeen…
- Accounting effect, 2026-01-01
- Net-asset statement, 2025-12-31
- Auditor appointment, VRC BEDRIJFSREVISOREN (bedrijfsrevisor)
- Shareholding, 136
- Shareholding, 50
- Share allocation, 136
- Share allocation, 50
- Share type, aandelen op naam
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €513k ▲9.3%
2 profitable years in a row build equity to €513k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-33k ▼127%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €123k ▲50.7%
Net result €123k, the highest in the series.
31-12
Financial
Equity above €200kEq €292k ▲72.5%
2 profitable years in a row build equity to €292k.
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-07-2023
Resigned as Director
Location & real-estate footprint
Registered office, Zottegem · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boskouter 139620 ZottegemGround area
3,801 m²
Building footprint
1,442 m²
Volume, LiDAR
9,885 m³
Parcel 41013A0252/00L002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PxP Projects
since 20062.153.813.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41013A0252/00L002 | Flanders | 3,801 m² | 1 · 1,442 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VRC BEDRIJFSREVISORENCurrent Company auditor | 11-02-2026 → present |
Structure & network
Acquisitions and mergers
1 transactionContributed a business line to:Woodsys
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,060 EUR awarded · 6,871 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,046 EUR | 1,677 EUR |
| 2024 | 1 | 90 EUR | 1,425 EUR |
| 2023 | 1 | 2,044 EUR | 2,224 EUR |
| 2022 | 1 | 2,880 EUR | 1,545 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesPxP Projects BV32938
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 5,883 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2006
Fiscal year end31-12
Abbreviation NL
PxP
Activities, NACEBEL
43320Joinery installation
45111
41001General construction of residential buildings
43110Demolition
43990Other specialised construction activities
43999Specialised construction activities
45500
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.