Turnover
≈ €130,000 estimated
The micro format states no turnover.
SAP PROJECTS
Overview
Lifetime
2 annual accounts with figures on one time axispeak €61,458 (2025)
€61,458▲ 10.2%
peak €49,019 (2025)
€49,019▲ 11.8%
peak €95,369 (2025)
€95,369▲ 106%
€23,097▲ 12.5%
Board1 name since 2023
1 director
Documentsfilings and deeds
31-01-2026on the last day
2025micro format
Equity from €46,350 to €95,369Cash from €56,167 to €9,305
Key points
from the 2025 annual accountsInvestments
€2,774 3.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
5.05 was 3.26 in 2024
Short-term debts rose from €20,538 to €23,097.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,274 companies had the same profile as SAP PROJECTS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 39,274 companies, not a prediction for SAP 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 0208:0802436755
Incorporation
Founding capital of €2,500, 100 shares · Founder: (verschijnende partij) · Appointment: (director) · published on 08-06-2023 · Gazette deed
First establishment
Camiel Meysmanstraat 10, Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAP PROJECTS Torhout | €118,466 | €61,458 | 80.5% | - |
| De Munck Middelkerke | €113,731 | €56,581 | 90.6% | - |
| JAKONSULT Zedelgem | €107,811 | €60,406 | 45.4% | - |
| Conzult Deerlijk | €109,772 | €64,597 | 60.5% | - |
| Hands-On Engineering Bruges | €143,037 | €65,624 | 88.1% | - |
| TABECON Izegem | €118,604 | €74,509 | 19.4% | - |
| COGNETIX Bruges | €123,312 | €49,409 | 77.3% | - |
These companies have the same main activity as SAP PROJECTS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €108,000 and €143,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 06-06-2023Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 11 others
- Establishment unit
- 2.346.349.1338820 Torhout, since 06-06-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 07-01-2026
Annual accounts to 30-06-2025
- €61,458▲ 10.2%
- €49,019▲ 11.8%
- €95,369▲ 106%
- €118,466▲ 77.1%
- Filing
- Filed on 31-01-2026, on the last day of the filing period
Insights on SAP PROJECTS
SAP PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,369 and a net result of €49,019.
Its solvency ranks better than 80% of 12,247 sector peers (NACE 71, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-01-2026, on the day of the deadline€61,458
▲ 10.2%
€60,526
▲ 9.2%
€49,019
▲ 11.8%
€93,519
▲ 102%
80.5%
▲ 11.2 percentage points
5.05
▲ 1.79
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €180,000.
Balance sheet
balance sheet total €118,466 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
80.5%
Higher than 80% of 12,247 companies in 2025.
5.05
Higher than 80% of 11,952 companies in 2025.
41.4%
Higher than 87% of 12,047 companies in 2025.
SAP PROJECTS
Middle half of the sector
80% of the sector
Micro accounts in architecture and engineering (NACE 71)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
118,466 | 66,888 | |
21/28 |
1,849 | - | |
22/27 |
1,849 | - | |
24 |
1,849 | - | |
29/58 |
116,617 | 66,888 | |
40/41 |
10,932 | 10,721 | |
40 |
10,932 | 10,721 | |
50/53 |
95,593 | - | |
54/58 |
9,305 | 56,167 | |
490/1 |
787 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
118,466 | 66,888 | |
10/15 |
95,369 | 46,350 | |
10/11 |
2,500 | 2,500 | |
13 |
92,869 | 43,850 | |
133 |
92,869 | 43,850 | |
17/49 |
23,097 | 20,538 | |
42/48 |
23,097 | 20,538 | |
44 |
159 | 404 | |
440/4 |
159 | 404 | |
45 |
17,702 | 14,222 | |
450/3 |
17,702 | 14,222 | |
47/48 |
5,237 | 5,912 | |
| Income statement | |||
9900 |
61,458 | 55,787 | |
630 |
925 | - | |
635/8 |
0 | - | |
640/8 |
7 | 384 | |
9901 |
60,526 | 55,403 | |
75/76B |
898 | 0 | |
75 |
898 | 0 | |
65/66B |
42 | 2 | |
65 |
42 | 2 | |
9903 |
61,383 | 55,401 | |
67/77 |
12,364 | 11,551 | |
9904 |
49,019 | 43,850 | |
9905 |
49,019 | 43,850 | |
| Appropriation of the result | |||
9906 |
49,019 | 43,850 | |
691/2 |
49,019 | 43,850 | |
6920 |
- | 43,850 | |
6921 |
49,019 | - | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 61,451 | - | ||
| 49,944 | - | ||
| 2,774 | - | ||
| -46,862 | - | ||
| 93,519 | 46,350 | ||
| 80.5% | 69.3% | ||
| 5.05 | 3.26 | ||
| 0.24 | 0.44 | ||
| 51.4% | 94.6% | ||
| 41.4% | 65.6% | ||
| over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €2,774 | - |
| €925 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on SAP PROJECTS
The operating result for 2025 is 9% higher than in 2024.
Debt's share of the balance-sheet total falls from 30.7% to 19.5%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationMandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 08-06-2023, still in office
Control
Founder
This company
SAP PROJECTS
Equity €95,369
Profit €49,019 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €954 in 2025
- Source
- deed of 08-06-2023
Articles of association
deed of 08-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of December at 11:00
Shareholders
At incorporation
deed of 08-06-2023 ↗
- 100 shares (100%) · €2,500
Network & group
No group
SAP PROJECTS has no parent and no holdings in its annual accounts. is the only director. SAP PROJECTS shares no director with another company.
The LEI register names no parent.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · on the deadline day
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802436755
2025
Annual accounts 2024 filed PDFmicro format · 11 days before the deadline
2023
IncorporationFounding capital of €2,500, 100 shares · Founder: (verschijnende partij) · Appointment: (director) · published on 08-06-20234 points ▸
- Founder, (verschijnende partij)
- Founding capital, €2,500, 100 shares
- Registered office clause, Camiel Meysmanstraat 10, 8820 Torhout
- Director appointment, (director (not named in the articles))
- The deed holds 5 more points.
First establishment Camiel Meysmanstraat 10, Torhout
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0802.436.755
- VAT number
- BE 0802.436.755
- Peppol ID
- 0208:0802436755
- Other Peppol ID
- 9925:BE0802436755
- LEI code
- 894500UZZS8QYD860O19 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-06-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of December at 11:00deed of 08-06-2023 (in Dutch)
- Peppol
- Reachable since 07-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SAP PROJECTS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 08-06-2023 (in Dutch)
Activities
NACEBEL 202571121
Engineering and related technical consultancy, excluding land surveyors main activity
62100
Computer programming
Codes under NACEBEL 2008
71121
Engineering activities main activity
33200
Installation of industrial machinery and equipment
41101
Real estate development
41102
Construction of residential and non-residential buildings
42220
Construction of utility projects for electricity and telecommunications
43211
Specialised construction activities
43222
Specialised construction activities
47430
Retail trade
62010
Computer programming, consultancy and related activities
64200
Holdings
70220
Business consulting
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Elektrotechnische installatiewerken aan gebouwen; Installatie van verwarming,klimaatregeling en ventilatie; Isolatiewerkzaamheden; Bouw van…”deed of 08-06-2023 (in Dutch)
35 activities
- Elektrotechnische installatiewerken aan gebouwen
- Installatie van verwarming,klimaatregeling en ventilatie
- Isolatiewerkzaamheden
- Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
- Ingenieurs en aanverwante technische adviseurs,excl.landmeters
- Ontwerpen en programmeren van computerprogramma's
- Verzamelen van gevaarlijk materiaal
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie
- Aanleg van telecommunicatielijnen en -netten
- Installatie van elektrische bedrading en toebehoren
- Installatie van hulpvoedingssystemen (generatoraggregaten)
- Waterdichtingswerken van muren
- Gevelreiniging
- Bouw van sierschouwen en open haarden
- Uitvoeren van metsel- en voegwerken
- Restaureren van bouwwerken
- Chape-,stukadoors- en schrijnwerken
- Installatie van particuliere zwembaden
- Slopen van gebouwen en andere bouwwerken
- Ontwikkeling van (niet-)residentiële bouwprojecten
- Toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enzovoort)
- Kleinhandel in elektrische huishoudapparaten
- Kleinhandel in audio- en videoapparatuur voor huishoudelijk gebruik,zoals radio- en televisietoestellen,videoweergavetoestellen,videocamera’s,hifimateriaal,enzovoort
- Detailhandel in verlichtingsartikelen
- Computerconsultancy-activiteiten
- Verlenen van advies aan de gebruikers over soorten computers (hardware) en hun configuratie en de toepassing van bijbehorende programmatuur (software)
- Verlenen van advies en praktische hulp aan bedrijven in verband met public relations,communicatie en bedrijfsbeheer
- Reproductie opgenomen media
- Holdings
- Managementsactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal,enzovoort
- Verkoop van eigen handelszaken en van zelf verworven sleutelgeld (overname)
- Het aantrekken van eigen personeel om uit te lenen;het,in de regel tijdelijk,aan derden uitlenen van personeel dat in dienst is en betaald wordt door het bureau:uitzendbureaus,interimkantoren,enzovoort
- Het beleggen van beschikbare middelen in onroerende goederen en waarden;het verwerven,te gelde maken,inbrengen,afstaan en verhandelen door uitgiften of andere middelen,van alle soorten marktwaarden,aandelen of obligaties,van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen of ondernemingen,bestaande of op te richten
- Het beheer,de instandhouding en valorisatie van een onroerend patrimonium met inbegrip van het onderhoud,de verbouwing en bebouwing ervan.Dit omvat onder meer de aankoop,het bouwen,opschikken,uitrusten,ombouwen en verhuren,met het oog op beheer en opbrengst en de verkoop met het oog op wederbelegging en opbrengst
- Het verwerven,beheren,uitbaten,in waarde stellen en afstaan van alle brevetten,octrooien,merken,licenties en intellectuele rechten
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Camiel Meysmanstraat 10 registered office 8820 Torhout | 06-06-2023 | 2.346.349.133 |
Buildings and parcels at the address
- Ground area
- 1,105 m²
- Buildings
- 122 m²
- Volume, LiDAR
- 672 m³
- Tallest building
- 8.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31524D1768/00H002 | 1,105 m² | 1 · 122 m² | 8.6 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.436.755