SKYLINE PROJECTS

Active

Public limited companyfounded 199432 yrs activeVorstlaan 292, 1160 Oudergem, BelgiumKBO/BCE: BE 0451.845.103

SKYLINE PROJECTS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €696k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability19▼-22

Solvency31▼-6

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days only on tighter terms

Liquidity short (current ratio 0.89 against 0.71 in 2023; short-term debt: 93.6% and cash: 0.6% of total assets), and 93.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

6.3%

Return on assets

0.3%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9715 sector peers (2024).

NBB · sector comparison

Position among 9715 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

41 d late

2022

31 d late

2021

13 d early

2020

19 d early

2019

42 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€696k▲ 4.5%

2023 · €666k

2019: €1.04M 2020: €543k 2021: €296k 2022: €-157k 2023: €666k

2019 → 2024

Total assets

€10.96M▲ 98.4%

2023 · €5.53M

2019: €4.63M 2020: €4.21M 2021: €4.00M 2022: €4.26M 2023: €5.53M

2019 → 2024

Net result

€30k▼ 96.4%

2023 · €824k

2019: €684k 2020: €-496k 2021: €-247k 2022: €-453k 2023: €824k

2019 → 2024

Working capital

€-1.12M▲ 21.2%

2023 · €-1.42M

2019: €-2.01M 2020: €-2.34M 2021: €-2.37M 2022: €-2.48M 2023: €-1.42M

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€543k-€296k▼ 45.5%€-157k€666k€696k▲ 4.5%

Operating result€-419k-€-166k▲ 60.4%€-334k▼ 102%€-227k▲ 32.1%€-519k▼ 129%

Net result€-496k-€-247k▲ 50.2%€-453k▼ 83.6%€824k€30k▼ 96.4%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €519k in 2024 against €227k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €10.96M

16.5%

83.5%

Fixed assets €1.81M▼ 13.0%

Current assets €9.15M▲ 166%

Equity and liabilities €10.96M

93.7%

Equity €696k▲ 4.5%

Debt €10.27M▲ 111%

The debt ratio rises from 87.9% to 93.7%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-247k▼

2023 · €45k

Cash flow

€302k▼

2023 · €1.10M

Solvency

6.3%▼

2023 · 12.1%

Current ratio

0.89▲

2023 · 0.71

Quick ratio

0.21▼

2023 · 0.51

Debt / equity

14.75▲

2023 · 7.30

ROE

4.3%▼

2023 · 123.6%

ROA

0.3%▼

2023 · 14.9%

Interest coverage

-1.13▼

2023 · 0.46

Debt

€10.27M▲

2023 · €4.86M

Debt ≤ 1 year

€10.27M▲

2023 · €4.86M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5.53M€10.96M▲

Fixed assets21/28€2.09M€1.81M▼

Tangible fixed assets22/27€1.36M€1.09M▼

Land and buildings22€809k€689k▼

Plant, machinery and equipment23€23k€18k▼

Furniture and vehicles24€531k€384k▼

Financial fixed assets28€722k€722k=

Current assets29/58€3.44M€9.15M▲

Stocks and contracts in progress3€950k€6.98M▲

Stocks30/36€950k€6.98M▲

Amounts receivable within one year40/41€1.75M€2.09M▲

Trade receivables40€459k€1.21M▲

Other amounts receivable41€1.29M€873k▼

Current investments50/53€300k€0▼

Cash at bank and in hand54/58€423k€66k▼

Deferred charges and accrued income490/1€21k€15k▼

Equity and liabilities

Total equity and liabilities10/49€5.53M€10.96M▲

Equity10/15€666k€696k▲

Contributions10/11€1.40M€1.40M=

Capital10€1.40M€1.40M=

Issued capital100€1.40M€1.40M=

Reserves13€267k€267k=

Non-distributable reserves130/1€110k€110k=

Legal reserve130€110k€110k=

Distributable reserves133€157k€157k=

Profit (loss) carried forward14€-1.00M€-975k▲

Amounts payable17/49€4.86M€10.27M▲

Amounts payable within one year42/48€4.86M€10.27M▲

Trade debts44€183k€687k▲

Suppliers440/4€183k€687k▲

Advances received on contracts in progress46€798k€3.28M▲

Taxes, remuneration and social security45-€50k

Taxes450/3-€50k

Other amounts payable47/48€3.88M€6.25M▲

Accrued charges and deferred income492/3€697€172▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€272k€272k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€-32k€0▲

Other operating charges640/8€51k€143k▲

Gross operating margin9900€64k€-105k▼

Operating profit (loss)9901€-227k€-519k▼

Financial income75/76B€1.15M€769k▼

Recurring financial income75€1.15M€769k▼

Financial charges65/66B€98k€220k▲

Recurring financial charges65€98k€220k▲

Profit (loss) for the period before taxes9903€824k€30k▼

Profit (loss) for the period9904€824k€30k▼

Profit (loss) for the period to be appropriated9905€824k€30k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-1.00M€-975k▲

Profit (loss) brought forward from the previous period14P€-1.83M€-1.00M▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

10-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 41 days late

2023

31-12

Financial Back to profitnet €824k

Net result €824k after 3 loss-making years.

31-12

Financial Equity above €500kEq €666k

Equity rises from €-157k to €666k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

18-01

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

12-01

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-06

Financial Weakest financial yearnet €-496k ▼172%

Net result drops to €-496k, the lowest in the series; recovery starts the following year.

2019

20-12

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

15-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-01

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

17-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

08-01

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 acts for this company are 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, Oudergem · 2 establishment units since 1994

establishment All 2 establishment units on the map

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.

Vorstlaan 2921160 Oudergem

Ground area

3,695 m²

Building footprint

1,554 m²

Volume, LiDAR

26,667 m³