Financials
- Financial year
- 2023
- Total assets
- €18,300
- Loss
- -€6,084
- Solvency
- 24.1%
Total assets▼ 45.1%
Net result
20212023
THE RUBBISH PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of THE RUBBISH PROJECT is 11.8% (high). For THE RUBBISH PROJECT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €4,405 and a net result of -€6,084. Equity is shrinking by about 29% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€18,300total assets 2023
- Equity
- €4,405
- Loss
- -€6,084
Turnover not published (abbreviated or micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 11.8%
2023 figures too old to score
Structure
- Largest shareholder
- THE ONE PROJECT · 50%
2024 accounts not filed, 456 days past the deadline1 deed in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2023 (filed 21-11-2024)2 financial years not filed after the legal deadline; last filed accounts filed 110 days late; 1 of the last 3 lateSize: total assets €18,300Loss of €6,084 (financial year 2023)Two or more financial years not filed2023 accounts filed 110 days lateShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Weak
Solvency
49-7
equity 24.1% of total assets
Liquidity
16-24
short-term debt 75.9% · cash 6.1%
Profitability
0-37
return on assets -33.2%
Bankruptcy probability, 12 months
11.8%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%lowest value
12-2024: 4.2%▲ +1.0 percentage point vs 11-2024
01-2025: 4.1%▼ -0.1 percentage points vs 12-2024
02-2025: 4.1%● unchanged vs 01-2025
03-2025: 4.2%▲ +0.1 percentage points vs 02-2025
04-2025: 4.3%▲ +0.1 percentage points vs 03-2025
05-2025: 4.4%▲ +0.1 percentage points vs 04-2025
06-2025: 4.2%▼ -0.2 percentage points vs 05-2025
07-2025: 4.3%▲ +0.1 percentage points vs 06-2025
08-2025: 4.8%▲ +0.5 percentage points vs 07-2025
09-2025: 5.0%▲ +0.2 percentage points vs 08-2025
10-2025: 6.4%▲ +1.4 percentage points vs 09-2025
11-2025: 6.3%▼ -0.1 percentage points vs 10-2025
12-2025: 7.5%▲ +1.2 percentage points vs 11-2025
01-2026: 10.1%▲ +2.6 percentage points vs 12-2025
02-2026: 10.1%● unchanged vs 01-2026
03-2026: 10.5%▲ +0.4 percentage points vs 02-2026
04-2026: 9.8%▼ -0.7 percentage points vs 03-2026
05-2026: 9.7%▼ -0.1 percentage points vs 04-2026
06-2026: 9.5%▼ -0.2 percentage points vs 05-2026
07-2026: 9.5%● unchanged vs 06-2026
08-2026: 11.8%▲ +2.3 percentage points vs 07-2026highest value
09-2026: 11.8%● unchanged vs 08-2026highest value
10-2026: 11.8%● unchanged vs 09-2026highest value
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Signals
Six signals.
raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline30-10-2026 today
raises risk · 2023 accounts filed 110 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-11-2024, 110 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
110 days late
2022
31 days early
2021
59 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2023 · abbreviated…
- Weakest financial yearnet -€6,084
- Annual accounts filedfinancial year 2022 · micro…
Key points
By topic
Board & ownership
- Largest shareholder
- THE ONE PROJECT · 50%
Timeline
- Events
- 4
- Since
- 2022
- 02-06-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 23-10-2020
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
Key facts about THE RUBBISH PROJECT
- What is the company number of THE RUBBISH PROJECT?
- 0756.962.660. In Belgium the VAT number is the company number with BE in front: BE 0756.962.660.
- Where is THE RUBBISH PROJECT based?
- The registered office is at Scepterstraat 25, 1050 Elsene.Company details
- What is the legal form of THE RUBBISH PROJECT?
- Private limited company (BV).
- When was THE RUBBISH PROJECT founded?
- On 23-10-2020.
- Is THE RUBBISH PROJECT still active?
- Yes, THE RUBBISH PROJECT is an active enterprise in the KBO register.
- What is the turnover of THE RUBBISH PROJECT?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is THE RUBBISH PROJECT profitable?
- In financial year 2023, THE RUBBISH PROJECT made a loss of €6,084.
- Where can I find the annual accounts of THE RUBBISH PROJECT?
- THE RUBBISH PROJECT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2023.
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