VALUE PROJECTS
ActiveSummary
VALUE PROJECTS has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,268 and a net result of -€15,648. Equity remains stable across the filed financial years (±0.3% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €59,268
- Loss
- -€15,648
- VAN MEERBEECK-NOELANDERS AlainDirector
- Monticelli GiuseppeDirector
Why 64raises riskLiquidity: current ratio 0.00, cash €911, halved1 change of registered office in 24 monthslowers riskSize: total assets €525,413Figures for financial year 2025 (filed 30-07-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 23% on solvency, 5% on liquidity, 21% on profitability and 17% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 38 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 (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €2,887
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €15,578 after €19,506 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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%.
| 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 748 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,666 | €1,040 | €1,235 | €1,028 | ▼ 16.8% |
| Gross operating margin9900 | -€23,411 | €183,472 | -€2,296 | -€4,614 | -€5,986 | €20,741 | -€14,550 | - |
| Operating profit (loss)9901 | -€27,732 | €168,234 | -€2,296 | -€6,280 | -€7,026 | €19,506 | -€15,578 | - |
| Financial income75/76B | - | - | - | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | - | - | - | €2 | - |
| Financial charges65/66B | - | - | €51 | €4,205 | €361 | €16,619 | €72 | ▼ 99.6% |
| Recurring financial charges65 | €20,789 | €7,017 | €51 | €4,205 | €361 | €16,619 | €72 | ▼ 99.6% |
| Profit (loss) for the period before taxes9903 | -€48,521 | €161,217 | -€2,347 | -€10,485 | -€7,387 | €2,887 | -€15,648 | - |
| Income taxes67/77 | - | - | - | €26,852 | - | - | - | - |
| Profit (loss) for the period9904 | -€48,521 | €117,841 | -€2,347 | -€37,337 | -€7,387 | €2,887 | -€15,648 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €173,504 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€48,521 | -€12,288 | -€2,347 | €136,167 | -€7,387 | €2,887 | -€15,648 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.0m | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 81.0% |
| Fixed assets21/28 | €1.0m | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 82.3% |
| Tangible fixed assets22/27 | €1.0m | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 82.3% |
| Assets under construction and advance payments27 | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 82.3% |
| Financial fixed assets28 | €0.02m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.01m | €0.1m | €0.08m | €0.003m | €0.001m | €0.003m | €0.001m | ▼ 62.9% |
| Amounts receivable within one year40/41 | - | €0.007m | €0.007m | €0.003m | - | - | - | - |
| Other amounts receivable41 | - | - | €0.007m | €0.003m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.01m | €0.1m | €0.08m | €0.001m | €0.001m | €0.003m | €0.001m | ▼ 64.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €42 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.0m | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 81.0% |
| Equity10/15 | -€0.04m | €0.08m | €0.07m | €0.08m | €0.07m | €0.07m | €0.06m | ▼ 20.9% |
| Contributions10/11 | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Contributions outside capital11 | - | - | €0.006m | €0.006m | - | - | - | - |
| Share premium1100/10 | - | - | €0.006m | €0.006m | - | - | - | - |
| Reserves13 | - | €0.1m | €0.1m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €0.1m | - | - | - | - | - |
| Profit (loss) carried forward14 | -€0.05m | -€0.06m | -€0.06m | €0.07m | €0.07m | €0.07m | €0.05m | ▼ 22.8% |
| Provisions and deferred taxes16 | - | €0.04m | €0.04m | - | - | - | - | - |
| Deferred taxes168 | - | - | €0.04m | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €0.001m | €0.2m | €0.2m | €0.3m | €0.2m | €0.5m | ▲ 116% |
| Amounts payable after more than one year17 | €0.8m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.001m | €0.2m | €0.2m | €0.3m | €0.2m | €0.5m | ▲ 116% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.2m | €0.2m | - | - | - |
| Trade debts44 | €0.006m | €0.001m | - | €0.03m | €0.008m | €0.001m | €60 | ▼ 91.0% |
| Suppliers440/4 | - | - | - | €0.03m | €0.008m | €0.001m | €60 | ▼ 91.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | - | - | - |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.03m | €0.2m | €0.5m | ▲ 117% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,521 | €117,841 | -€2,347 | -€37,337 | -€7,387 | €2,887 | -€15,648 | - |
| Operating cash flow (approximation) | -€48,521 | €117,841 | -€2,347 | -€37,337 | -€7,387 | €2,887 | -€15,648 | - |
| Investment in fixed assets (approximation) | - | - | - | -€97,760 | -€19,248 | €51,073 | -€236,742 | - |
| Change in cash | - | €101,377 | -€35,145 | -€77,335 | €557 | €1,370 | -€1,661 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00358803 |
| 31-12-2024 | micro format | 24-08-2025 | 2025-00414911 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00399802 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397844 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20378105 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61100479 |
| 31-12-2019 | micro format | 27-11-2020 | 2020-73100469 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN MEERBEECK-NOELANDERS Alain |
|
| Monticelli Giuseppe |
|
| Van Meerbeeck Alain |
|
| DE GROE Mattias |
|
Owners and capital
Capital and shareholders
- 06-09-2024 Capital stated in the deed · 1,860 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-12
Gazette deed
Resignation: Van Meerbeeck Alain (director)Appointment: Monticelli Giuseppe (director) · Registered-office move4 facts ▸
- General meeting, 28-10-2024
- Director resignation, Van Meerbeeck Alain (director)
- Director appointment, Monticelli Giuseppe (director)
- Registered-office move, Keiberg 2, 3080 Tervuren
06-09
Gazette deed
Resignation: DE GROE Mattias (manager)Appointment: VAN MEERBEECK-NOELANDERS Alain (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “artikel 39,§2,tweede en derde lid wet 23-03-2019, eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director resignation, DE GROE Mattias (manager)
- Board rule, 1
- Director appointment, VAN MEERBEECK-NOELANDERS Alain (director (not named in the articles))
- Director discharge, DE GROE Mattias
- Registered office clause, “Kerkstraat 11B,1930 Zaventem” (deed in Dutch)
- Other provision, “stemming, voorgaande besluiten eenparigheid van stemmen” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23772C0076/00V002 | Flanders | 1,469 m² | 1 · 145 m² | 10.4 m · 3 |
| 24114B0181/00Y002 | Flanders | 741 m² | 1 · 173 m² | 6.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VALUE PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Enkel besluit, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Onbepaalde duur bij gebrek aan bepaling, algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00