Equity
-€130,478
Debts exceed assets in financial year 2025.
Racing Projects
Lifetime
6 annual accounts with figures on one time axispeak €37,670 (2021)
-€3,822▼ €7,408
lowest -€39,433 (2023)
-€30,325▲ €3,186
peak €4,546 (2021)
-€130,478▼ €30,325
€148,559▲ 2.5%
Board1 name since 2019
1 directorAnnick Meganck
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Gross margin from €3,586 to -€3,822Loss of €30,325Equity from -€100,153 to -€130,478Cash from €5,590 to €3,581
Key points
from the 2025 annual accountsLosses
-€135,024 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€148,559 822% of the balance sheet
Financial debts 77%Suppliers 0%Other 23%
Of this, €32,559 falls due within a year.
Filings
6 annual accounts 2 late
The 2024 accounts came latest: 47 days after the end of the period.
Starting capital
€3,000
Position in the sector
-721.6%
Lower solvency than 95% of companies in advertising and market research. Sector median 53.3% · 8,617 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 11% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.6%▼ -0.1 percentage points vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.6%▲ +0.9 percentage points vs 07-2025
09-2025: 3.0%▲ +0.4 percentage points vs 08-2025
10-2025: 2.3%▼ -0.7 percentage points vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.4%▲ +0.1 percentage points vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.3%▼ -0.1 percentage points vs 02-2026
04-2026: 2.3%● unchanged vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.1%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 1.4%▼ -1.7 percentage points vs 08-2026lowest value
10-2026: 1.4%● unchanged vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€130,478
Loss of €30,325, the second in a row (financial year 2025)
lowers risk
Size: total assets €18,081
Sector: Advertising, market research and public relations activities (NACE 73)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 5% of them on solvency, 13% on liquidity, 6% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Racing Projects has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Racing Projects itself is lower: 1.4% within 12 months. It rests on far more data about Racing Projects than the profile alone.
Test of the method
The method was tested on the 497,448 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 6,008 companies, not a prediction for Racing 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.16 (0.25 in 2024), below 1. Short-term debt is 180.1% and cash 19.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€130,478
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
7 days late
2024
47 days late
2023
19 days early
2022
3 days early
2021
32 days early
2020
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 3 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Annick Meganck founderdeed of 10-09-2019
- Yves De Groote founderdeed of 10-09-2019
- Johan Daelemans founderdeed of 10-09-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733767485
Incorporation
Founding capital of €3,000 · Founders: Annick Meganck, Yves De Groote and Johan Daelemans · Appointment: Annick Meganck (director) · published on 10-09-2019 · Gazette deed
First establishment
Antwerpsesteenweg 1, Willebroek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Racing Projects Willebroek | €18,081 | -€3,822 | -721.6% | - |
| RUBRINA Oosterzele | €19,300 | -€18,057 | -524.4% | - |
| Phimore Leuven | €22,109 | -€4,149 | 58.8% | - |
| KOMPAIO Tongeren-Borgloon | €15,197 | -€2,653 | 68.8% | - |
| ORYZON Brussels | €22,338 | -€3,273 | 9.7% | - |
| GiveMeMedia Antwerp | €17,052 | €864 | 54.5% | - |
| Smarketing Antwerp | €13,585 | -€13,870 | 65.1% | - |
These companies have the same main activity as Racing Projects: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €13,600 and €22,300, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 06-09-2019Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Establishment unit
- 2.292.997.4502830 Willebroek, since 06-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Insights on Racing Projects
Racing Projects files the micro format. That format states no turnover. The gross margin fell from €17,690 in 2020 to -€3,822 in 2025.
The balance sheet grew most in 2021 through fixed assets, financed with long-term debt.
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 Racing Projects
- What is the company number of Racing Projects?
- The company number of Racing Projects is 0733.767.485. The VAT number is the same number with BE in front: BE 0733.767.485.
- Where is Racing Projects based?
- The registered office is at Antwerpsesteenweg 1, 2830 Willebroek.Company details
- What does Racing Projects do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of Racing Projects?
- Racing Projects is a private limited company (BV).
- When was Racing Projects founded?
- Racing Projects was founded on 06-09-2019.
- Is Racing Projects still active?
- Yes, Racing Projects is an active enterprise in the KBO register.
- What is the turnover of Racing Projects?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Racing Projects profitable?
- In financial year 2025, Racing Projects made a loss of €30,325.
- Where can I find the annual accounts of Racing Projects?
- Racing Projects filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Racing Projects due?
- Racing Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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