SOM PROJECT
ActiveSummary
SOM PROJECT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-276k) and a net result of €-286k. Its solvency ranks better than 6% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64; short-term debt: 139.3% and cash: 10.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-40.5%
Return on assets
-42%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 1 filingDeviation from the deadline
2025
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€-276k
Total assets
€682k
Net result
€-286k
Working capital
€-346k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €682k
Fixed assets
€78k
Current assets
€604k
Key figures and ratios
EBITDA
€-272k
Cash flow
€-282k
Solvency
-40.5%
Current ratio
0.64
Debt to equity
-3.47
ROA
-42.0%
Interest coverage
-25.47
Debt
€958k
Debt ≤ 1 year
€949k
Debt > 1 year
€9k
Staff costs
€403k
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €403k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k |
| Other operating charges640/8 | €653 |
| Gross operating margin9900 | €132k |
| Operating profit (loss)9901 | €-276k |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €11k |
| Recurring financial charges65 | €11k |
| Profit (loss) for the period before taxes9903 | €-286k |
| Profit (loss) for the period9904 | €-286k |
| Profit (loss) for the period to be appropriated9905 | €-286k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €682k | |
| Fixed assets21/28 | €78k | |
| Tangible fixed assets22/27 | €78k | |
| Furniture and vehicles24 | €34k | |
| Other tangible fixed assets26 | €44k | |
| Current assets29/58 | €604k | |
| Amounts receivable within one year40/41 | €509k | |
| Trade receivables40 | €509k | |
| Other amounts receivable41 | €48 | |
| Cash at bank and in hand54/58 | €73k | |
| Deferred charges and accrued income490/1 | €21k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €682k | |
| Equity10/15 | €-276k | |
| Contributions10/11 | €10k | |
| Profit (loss) carried forward14 | €-286k | |
| Amounts payable17/49 | €958k | |
| Amounts payable after more than one year17 | €9k | |
| Financial debts170/4 | €9k | |
| Amounts payable within one year42/48 | €949k | |
| Current portion of amounts payable after more than one year42 | €5k | |
| Financial debts43 | €18k | |
| Credit institutions430/8 | €18k | |
| Trade debts44 | €470k | |
| Suppliers440/4 | €470k | |
| Taxes, remuneration and social security45 | €136k | |
| Taxes450/3 | €49k | |
| Remuneration and social security454/9 | €87k | |
| Other amounts payable47/48 | €321k | |
| Accrued charges and deferred income492/3 | €39 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-286k |
| + Depreciation and write-downs630 | €4k |
| Operating cash flow (approximation) | €-282k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2024
Ground area
2,407 m²
Building footprint
1,027 m²
Parcel 71328D0534/00Z000, Flanders. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
SOM PROJECT
since 20242.367.529.379
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0534/00Z000 | Flanders | 2,407 m² | 1 · 1,027 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 227 EUR awarded · 188 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 227 EUR | 188 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 799 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
63920Other information service activities
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.