TOTAL PROJECTS
ActiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 30-07-2025 PDF
Turnover and EBIT margin are not published. The micro format does not require them.
Securities and guarantees
| Item | 2024 |
|---|---|
| Pledge on the business | €18,561 |
| Mandates to pledge the business | €18,561 |
Source: notes to the 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €6,106 |
| Depreciation and write-downs of the year | €2,010 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,010 |
| Other operating charges640/8 | €10,098 |
| Gross operating margin9900 | -€36,033 |
| Operating profit (loss)9901 | -€48,141 |
| Financial income75/76B | €75 |
| Recurring financial income75 | €75 |
| Financial charges65/66B | €2,479 |
| Recurring financial charges65 | €2,479 |
| Profit (loss) for the period before taxes9903 | -€50,545 |
| Income taxes67/77 | €679 |
| Profit (loss) for the period9904 | -€51,224 |
| Profit (loss) for the period to be appropriated9905 | -€51,224 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €18,561 | |
| Fixed assets21/28 | €4,096 | |
| Tangible fixed assets22/27 | €4,096 | |
| Plant, machinery and equipment23 | €4,096 | |
| Current assets29/58 | €14,465 | |
| Amounts receivable within one year40/41 | €1,451 | |
| Other amounts receivable41 | €1,451 | |
| Cash at bank and in hand54/58 | €9,206 | |
| Deferred charges and accrued income490/1 | €3,809 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €18,561 | |
| Equity10/15 | -€31,224 | |
| Contributions10/11 | €20,000 | |
| Profit (loss) carried forward14 | -€51,224 | |
| Amounts payable17/49 | €49,785 | |
| Amounts payable after more than one year17 | €25,844 | |
| Financial debts170/4 | €25,844 | |
| Amounts payable within one year42/48 | €23,941 | |
| Current portion of amounts payable after more than one year42 | €18,243 | |
| Trade debts44 | €5,019 | |
| Suppliers440/4 | €5,019 | |
| Taxes, remuneration and social security45 | €679 | |
| Taxes450/3 | €679 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€51,224 |
| + Depreciation and write-downs630 | €2,010 |
| Operating cash flow (approximation) | -€49,214 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as TOTAL PROJECTS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TOTAL PROJECTS itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for TOTAL PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-07-2025 | 2025-00352141 |