Equity
-€24,975
Debts exceed assets in financial year 2025.
S. PROJECTS
Lifetime
1 annual account with figurespeak -€13,445 (2025)
-€13,445
lowest -€27,475 (2025)
-€27,475
peak -€24,975 (2025)
-€24,975
€359,502
Board1 name since 2024
1 directorSCHELFHOUT Robin
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Loss of €27,475First year with figures
Key points
from the 2025 annual accountsDebts
€359,502 107% of the balance sheet
Financial debts 91%Suppliers 5%Taxes and wages 0%Other 5%
Of this, €237,477 falls due within a year.
Position in the sector
-€24,975
Less equity than 94% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
Turnover not published (micro format)
Checked score
35
Weak
Financially stronger than 11% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 3.6%lowest value
01-2026: 3.6%● unchanged vs 12-2025lowest value
02-2026: 3.7%▲ +0.1 percentage points vs 01-2026
03-2026: 4.1%▲ +0.4 percentage points vs 02-2026
04-2026: 4.2%▲ +0.1 percentage points vs 03-2026
05-2026: 4.6%▲ +0.4 percentage points vs 04-2026
06-2026: 4.6%● unchanged vs 05-2026
07-2026: 5.0%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 4.5%▼ -0.5 percentage points vs 07-2026
09-2026: 4.5%● unchanged vs 08-2026
10-2026: 4.6%▲ +0.1 percentage points vs 09-2026
11-2026: 4.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.23, cash €239
Founded in 2024
lowers risk
Size: total assets €334,527
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 41, micro). It does better than 9% of them on solvency, 10% on liquidity and 13% on profitability.
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 elevated class on 30-06-2025, 6.3% 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, 232 companies had the same profile as S. PROJECTS has now. Each dot is one company, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of S. PROJECTS itself is higher: 4.6% within 12 months. It rests on far more data about S. 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 232 companies, not a prediction for S. 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 tight, with a current ratio of 1.23, below the usual 1.5. Short-term debt is 71% and cash 0.1% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
2 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016697481
Incorporation
Founding capital of €2,500, 250 shares · Founder: SCHELFHOUT Robin · Appointment: SCHELFHOUT Robin (director) · published on 29-11-2024 · Gazette deed
First establishment
Lange Dreef 56, Bonheiden
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S. PROJECTS Bonheiden | €334,527 | -€13,445 | -7.5% | - |
| SOLID CONCEPT Hamont-Achel | €335,861 | -€11,296 | -3.1% | - |
| CRE-8 Knokke-Heist | €400,963 | -€53,921 | 51.5% | - |
| PARRINELLO IMMO Châtelet | €327,132 | -€9,456 | 1.3% | - |
| BMK HOME Kontich | €240,691 | -€1,482 | 0.6% | - |
| GLOM Construct Houthalen-Helchteren | €405,413 | -€23,605 | 6.0% | - |
| ZEN HABITAT Braine-le-Comte | €371,220 | -€14,720 | 21.4% | - |
These companies have the same main activity as S. PROJECTS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €241,000 and €405,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 27-11-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.369.019.4192820 Bonheiden, since 27-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-02-2025
Annual accounts 2025
- €334,527
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on S. PROJECTS
The computed 12-month bankruptcy probability of S. PROJECTS is 4.6% (elevated). The 2025 annual accounts show negative equity (-€24,975) and a net result of -€27,475.
Its solvency ranks better than 10% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 S. PROJECTS
- What is the company number of S. PROJECTS?
- The company number of S. PROJECTS is 1016.697.481. The VAT number is the same number with BE in front: BE 1016.697.481.
- Where is S. PROJECTS based?
- The registered office is at Lange Dreef 56, 2820 Bonheiden.Company details
- What does S. PROJECTS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of S. PROJECTS?
- S. PROJECTS is a private limited company (BV).
- When was S. PROJECTS founded?
- S. PROJECTS was founded on 27-11-2024.
- Is S. PROJECTS still active?
- Yes, S. PROJECTS is an active enterprise in the KBO register.
- What is the turnover of S. PROJECTS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is S. PROJECTS profitable?
- In financial year 2025, S. PROJECTS made a loss of €27,475.
- Where can I find the annual accounts of S. PROJECTS?
- S. PROJECTS filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.