Styxx Projects
ActiveSummary
The computed 12-month bankruptcy probability of Styxx Projects is 2.4% (moderate). The 2025 annual accounts show equity of €70,031 and a net result of €385. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 13% of 7868 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-21
Solvency36▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.12 in 2024; short-term debt: 85.7% and cash: 21.7% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
0.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7868 sector peers (2025).
NBB · sector comparisonPosition among 7868 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
on the day
2022
5 d early
2021
30 d early
2020
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€70,031▲ 0.6%
2024 · €69,645
Total assets
€612,984▲ 23.9%
2024 · €494,556
Net result
€385▼ 95.2%
2024 · €8,023
Working capital
€39,469▼ 16.6%
2024 · €47,305
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,035▼ 50.2%€24,020▲ 4.3%€15,771▼ 34.3%€22,249▲ 41.1%€18,862▼ 15.2%
Net result€14,445▼ 59.4%€14,090▼ 2.5%€5,540▼ 60.7%€8,023▲ 44.8%€385▼ 95.2%
Equity€23,192▲ 165%€37,282▲ 60.8%€42,822▲ 14.9%€69,645▲ 62.6%€70,031▲ 0.6%
Total assets€317,761▲ 127%€281,823▼ 11.3%€369,863▲ 31.2%€494,556▲ 33.7%€612,984▲ 23.9%
Debt€294,569▲ 124%€244,541▼ 17.0%€327,041▲ 33.7%€424,911▲ 29.9%€542,953▲ 27.8%
Working capital€17,324▲ 491%€32,115▲ 85.4%€34,954▲ 8.8%€47,305▲ 35.3%€39,469▼ 16.6%
Staff (FTE)1▲ 100%1=1=1=0.8▼ 20.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €612,984
Fixed assets
€48,371 ▲ 0.6%
Current assets
€564,613 ▲ 26.5%
Equity and liabilities €612,984
Equity
€70,031 ▲ 0.6%
Debt
€542,953 ▲ 27.8%
Debt's share of the balance-sheet total rises from 85.9% to 88.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,535▲
2024 · €32,854
Cash flow
€15,059▼
2024 · €18,628
Current ratio
1.08▼
2024 · 1.12
Quick ratio
0.94▼
2024 · 1.05
Debt to equity
7.75▲
2024 · 6.10
ROE
0.6%▼
2024 · 11.5%
ROA
0.1%▼
2024 · 1.6%
Interest coverage
3.16▼
2024 · 5.47
Debt ≤ 1 year
€525,144▲
2024 · €399,149
Debt > 1 year
€17,809▼
2024 · €25,762
Income taxes
€7,859▼
2024 · €8,546
Staff costs
€55,062▼
2024 · €62,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €54,074 | €63,949 | €62,031 | €55,062 | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,192 | €1,841 | €2,658 | €10,604 | €14,673 | ▲ 38.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €750 | €0 | - | - |
| Other operating charges640/8 | - | €956 | €10,050 | €2,323 | €1,344 | ▼ 42.2% |
| Non-recurring operating charges66A | - | - | - | €1,531 | €0 | ▼ 100% |
| Gross operating margin9900 | €67,522 | €80,891 | €93,177 | €98,739 | €89,941 | ▼ 8.9% |
| Operating profit (loss)9901 | €23,035 | €24,020 | €15,771 | €22,249 | €18,862 | ▼ 15.2% |
| Financial income75/76B | - | - | €6,410 | €322 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | €6,410 | €322 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | €6,410 | €0 | - | - |
| Financial charges65/66B | - | €2,699 | €2,556 | €6,002 | €10,617 | ▲ 76.9% |
| Recurring financial charges65 | €1,298 | €2,699 | €2,556 | €6,002 | €10,617 | ▲ 76.9% |
| Profit (loss) for the period before taxes9903 | €21,737 | €21,321 | €19,625 | €16,570 | €8,245 | ▼ 50.2% |
| Income taxes67/77 | €7,292 | €7,231 | €14,085 | €8,546 | €7,859 | ▼ 8.0% |
| Profit (loss) for the period9904 | €14,445 | €14,090 | €5,540 | €8,023 | €385 | ▼ 95.2% |
| Profit (loss) for the period to be appropriated9905 | €14,445 | €14,090 | €5,540 | €8,023 | €385 | ▼ 95.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317,761 | €281,823 | €369,863 | €494,556 | €612,984 | ▲ 23.9% |
| Formation expenses20 | €11 | €0 | - | - | - | - |
| Fixed assets21/28 | €6,996 | €5,167 | €7,868 | €48,102 | €48,371 | ▲ 0.6% |
| Tangible fixed assets22/27 | €5,596 | €3,767 | €6,468 | €46,702 | €46,971 | ▲ 0.6% |
| Plant, machinery and equipment23 | - | €3,554 | €1,796 | €4,865 | €7,827 | ▲ 60.9% |
| Furniture and vehicles24 | - | €213 | €4,671 | €41,837 | €39,144 | ▼ 6.4% |
| Financial fixed assets28 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Current assets29/58 | €310,754 | €276,656 | €361,995 | €446,454 | €564,613 | ▲ 26.5% |
| Stocks and contracts in progress3 | €20,926 | €21,501 | €15,834 | €28,100 | €73,277 | ▲ 161% |
| Stocks30/36 | - | €21,501 | €15,834 | €28,100 | €73,277 | ▲ 161% |
| Amounts receivable within one year40/41 | €234,609 | €183,402 | €271,903 | €250,289 | €348,349 | ▲ 39.2% |
| Trade receivables40 | - | €72,878 | €129,983 | €103,593 | €202,698 | ▲ 95.7% |
| Other amounts receivable41 | - | €110,523 | €141,920 | €146,697 | €145,651 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €54,356 | €70,890 | €66,982 | €156,959 | €132,849 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | - | €863 | €7,276 | €11,106 | €10,138 | ▼ 8.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317,761 | €281,823 | €369,863 | €494,556 | €612,984 | ▲ 23.9% |
| Equity10/15 | €23,192 | €37,282 | €42,822 | €69,645 | €70,031 | ▲ 0.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €25,000 | €25,000 | = |
| Reserves13 | €16,992 | €31,082 | €36,622 | €44,645 | €45,031 | ▲ 0.9% |
| Distributable reserves133 | - | €31,082 | €36,622 | €44,645 | €45,031 | ▲ 0.9% |
| Amounts payable17/49 | €294,569 | €244,541 | €327,041 | €424,911 | €542,953 | ▲ 27.8% |
| Amounts payable after more than one year17 | €1,139 | €0 | - | €25,762 | €17,809 | ▼ 30.9% |
| Financial debts170/4 | - | €0 | - | €25,762 | €17,809 | ▼ 30.9% |
| Amounts payable within one year42/48 | €293,430 | €244,541 | €327,041 | €399,149 | €525,144 | ▲ 31.6% |
| Current portion of amounts payable after more than one year42 | - | €5,524 | €4,411 | €12,005 | €10,478 | ▼ 12.7% |
| Trade debts44 | €275,220 | €227,383 | €306,634 | €384,970 | €506,459 | ▲ 31.6% |
| Suppliers440/4 | - | €227,383 | €306,634 | €384,970 | €506,459 | ▲ 31.6% |
| Advances received on contracts in progress46 | - | €139 | €5,139 | €139 | €139 | = |
| Taxes, remuneration and social security45 | - | €11,495 | €10,857 | €2,035 | €8,068 | ▲ 297% |
| Taxes450/3 | - | €9,045 | €8,190 | €2,035 | €4,853 | ▲ 139% |
| Remuneration and social security454/9 | - | €2,450 | €2,666 | €0 | €3,215 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,445 | €14,090 | €5,540 | €8,023 | €385 | ▼ 95.2% |
| + Depreciation and write-downs630 | €2,192 | €1,841 | €2,658 | €10,604 | €14,673 | ▲ 38.4% |
| Operating cash flow (approximation) | €16,636 | €15,931 | €8,198 | €18,628 | €15,059 | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | -€11 | -€5,359 | -€50,839 | -€14,942 | ▲ 70.6% |
| Change in cash | - | €16,534 | -€3,908 | €89,977 | -€24,111 | ▼ 127% |
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €385 ▼95.2%
Net result drops to €385, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Izegem · 2 establishment units since 2018
Ground area
2,260 m²
Building footprint
861 m²
Volume, LiDAR
403 m³
2 parcels, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Styxx Projects
since 20182.281.030.422
Styxx Projects
since 20202.310.068.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C0461/00K000 | Flanders | 1,761 m² | 1 · 721 m² | 1.5 m |
| 36009B0240/00P005 | Flanders | 499 m² | 1 · 140 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 · 1 entry · 54 EUR awarded · 54 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 54 EUR | 54 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesStyxx Projects BV45800
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,491. 4,793 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
43230Insulation installation
55203Holiday cottages, homes and apartments
71111Activities of building architects
73300Public relations and communication consultancy
79901Tourist information services
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.