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SRL PROJECTS

Active
Private limited companyfounded 2025active for 1 yearBrouwerijstraat 12A, 8470 Gistel, BelgiumKBO/BCE: BE 1019.016.771
Summary

SRL PROJECTS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,538 and a net result of €65,538. Its solvency ranks better than 29% of 8,530 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437411.

Equity
€70,538
Total assets
€266,577
Net result
€65,538
Working capital
€36,082

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €266,577
Fixed assets €192,210
Current assets €74,367
Equity and liabilities €266,577
Equity €70,538
Debt €196,039
Debt finances 73.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€96,124
Cash flow
€69,365
Current ratio
1.94
Debt to equity
2.78
ROE
92.9%
ROA
24.6%
Interest coverage
over 100
Debt ≤ 1 year
€38,285
Debt > 1 year
€156,474
Income taxes
€26,283

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€266,577
Fixed assets21/28€192,210
Tangible fixed assets22/27€192,210
Land and buildings22€164,473
Plant, machinery and equipment23€1,543
Furniture and vehicles24€26,194
Current assets29/58€74,367
Amounts receivable within one year40/41€46,650
Trade receivables40€20,099
Other amounts receivable41€26,551
Cash at bank and in hand54/58€27,717
Equity and liabilities
Total equity and liabilities10/49€266,577
Equity10/15€70,538
Contributions10/11€5,000
Reserves13€65,538
Distributable reserves133€65,538
Amounts payable17/49€196,039
Amounts payable after more than one year17€156,474
Financial debts170/4€156,474
Amounts payable within one year42/48€38,285
Current portion of amounts payable after more than one year42€8,526
Trade debts44€630
Suppliers440/4€630
Taxes, remuneration and social security45€26,283
Taxes450/3€26,283
Other amounts payable47/48€2,846
Accrued charges and deferred income492/3€1,280
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,827
Other operating charges640/8€1,619
Gross operating margin9900€97,742
Operating profit (loss)9901€92,296
Financial income75/76B€39
Recurring financial income75€39
Financial charges65/66B€515
Recurring financial charges65€515
Profit (loss) for the period before taxes9903€91,821
Income taxes67/77€26,283
Profit (loss) for the period9904€65,538
Profit (loss) for the period to be appropriated9905€65,538
Appropriation of the result
Profit (loss) to be appropriated9906€65,538
Transfer to equity691/2€65,538
To other reserves6921€65,538

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,827
Other operating charges640/8€1,619
Gross operating margin9900€97,742
Operating profit (loss)9901€92,296
Financial income75/76B€39
Recurring financial income75€39
Financial charges65/66B€515
Recurring financial charges65€515
Profit (loss) for the period before taxes9903€91,821
Income taxes67/77€26,283
Profit (loss) for the period9904€65,538
Profit (loss) for the period to be appropriated9905€65,538
Line2025
Assets
Total assets20/58€266,577
Fixed assets21/28€192,210
Tangible fixed assets22/27€192,210
Land and buildings22€164,473
Plant, machinery and equipment23€1,543
Furniture and vehicles24€26,194
Current assets29/58€74,367
Amounts receivable within one year40/41€46,650
Trade receivables40€20,099
Other amounts receivable41€26,551
Cash at bank and in hand54/58€27,717
Equity and liabilities
Total equity and liabilities10/49€266,577
Equity10/15€70,538
Contributions10/11€5,000
Reserves13€65,538
Distributable reserves133€65,538
Amounts payable17/49€196,039
Amounts payable after more than one year17€156,474
Financial debts170/4€156,474
Amounts payable within one year42/48€38,285
Current portion of amounts payable after more than one year42€8,526
Trade debts44€630
Suppliers440/4€630
Taxes, remuneration and social security45€26,283
Taxes450/3€26,283
Other amounts payable47/48€2,846
Accrued charges and deferred income492/3€1,280
Line2025
Profit (loss) for the period9904€65,538
+ Depreciation and write-downs630€3,827
Operating cash flow (approximation)€69,365

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 26-08-2026 2026-00437411

Similar companies · same sector, comparable size

Of the 13,243 active companies whose main activity is public relations and communication consultancy (NACE 73300), figures are known for 6,990. 5,650 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.