Pro Projects
ActiveSummary
Pro Projects has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €7k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+8
Solvency57▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.52 in 2024; short-term debt: 28.1% and cash: 19.8% of total assets), but 67.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
32.4%
Return on assets
0.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
22 d early
2023
26 d early
2022
27 d early
2021
20 d early
2020
12 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€292k▼ 13.2%
2024 · €337k
2018: €229klowest in 8 years
2019: €241k▲ +5.4% vs 2018
2020: €257k▲ +6.5% vs 2019
2021: €273k▲ +6.3% vs 2020
2022: €321k▲ +17.8% vs 2021
2023: €336k▲ +4.7% vs 2022
2024: €337k▲ +0.2% vs 2023highest in 8 years
2025: €292k▼ -13.2% vs 2024
2018 → 2025
Total assets
€903k▲ 2.5%
2024 · €881k
2018: €636klowest in 8 years
2019: €784k▲ +23.3% vs 2018
2020: €858k▲ +9.4% vs 2019
2021: €896k▲ +4.4% vs 2020
2022: €880k▼ -1.8% vs 2021
2023: €841k▼ -4.4% vs 2022
2024: €881k▲ +4.8% vs 2023
2025: €903k▲ +2.5% vs 2024highest in 8 years
2018 → 2025
Net result
€7k▲ 1,138%
2024 · €527
2018: €13k
2019: €12k▼ -4.3% vs 2018
2020: €16k▲ +25.9% vs 2019
2021: €16k▲ +3.1% vs 2020
2022: €49k▲ +201% vs 2021highest in 8 years
2023: €15k▼ -69.2% vs 2022
2024: €527▼ -96.5% vs 2023lowest in 8 years
2025: €7k▲ +1138% vs 2024
2018 → 2025
Working capital
€210k▲ 57.4%
2024 · €133k
2018: €80klowest in 8 years
2019: €158k▲ +97.0% vs 2018
2020: €103k▼ -34.5% vs 2019
2021: €140k▲ +35.0% vs 2020
2022: €149k▲ +7.0% vs 2021
2023: €157k▲ +5.0% vs 2022
2024: €133k▼ -15.1% vs 2023
2025: €210k▲ +57.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€273k-€321k▲ 17.8%€336k▲ 4.7%€337k▲ 0.2%€292k▼ 13.2%
2021: €273klowest in 5 years
2022: €321k▲ +17.8% vs 2021
2023: €336k▲ +4.7% vs 2022
2024: €337k▲ +0.2% vs 2023highest in 5 years
2025: €292k▼ -13.2% vs 2024
Operating result€32k-€76k▲ 137%€27k▼ 64.6%€17k▼ 37.4%€28k▲ 66.1%
2021: €32k
2022: €76k▲ +137% vs 2021highest in 5 years
2023: €27k▼ -64.6% vs 2022
2024: €17k▼ -37.4% vs 2023lowest in 5 years
2025: €28k▲ +66.1% vs 2024
Net result€16k-€49k▲ 201%€15k▼ 69.2%€527▼ 96.5%€7k▲ 1,138%
2021: €16k
2022: €49k▲ +201% vs 2021highest in 5 years
2023: €15k▼ -69.2% vs 2022
2024: €527▼ -96.5% vs 2023lowest in 5 years
2025: €7k▲ +1138% vs 2024
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 recovers in 2025; 2025 is 66% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903k
Fixed assets
€440k ▼ 10.3%
Current assets
€463k ▲ 18.8%
Equity and liabilities €903k
Equity
€292k ▼ 13.2%
Debt
€611k ▲ 12.3%
Debt's share of the balance-sheet total rises from 61.7% to 67.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€98k▲
2024 · €84k
Cash flow
€76k▲
2024 · €67k
Current ratio
1.83▲
2024 · 1.52
Quick ratio
1.54▲
2024 · 1.30
Debt to equity
2.09▲
2024 · 1.61
ROE
2.2%▲
2024 · 0.2%
ROA
0.7%▲
2024 · 0.1%
Interest coverage
5.12▲
2024 · 4.21
Debt ≤ 1 year
€253k▼
2024 · €257k
Debt > 1 year
€316k▲
2024 · €287k
Income taxes
€5k▲
2024 · €1k
Staff costs
€204k▼
2024 · €204k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€881k€903k▲
Fixed assets21/28€491k€440k▼
Intangible fixed assets21€45k€34k▼
Tangible fixed assets22/27€443k€402k▼
Land and buildings22€401k€364k▼
Plant, machinery and equipment23€15k€21k▲
Furniture and vehicles24€27k€17k▼
Financial fixed assets28€3k€3k=
Current assets29/58€390k€463k▲
Stocks and contracts in progress3€55k€73k▲
Stocks30/36€55k€73k▲
Contracts in progress37€0-
Amounts receivable within one year40/41€185k€160k▼
Trade receivables40€139k€145k▲
Other amounts receivable41€46k€15k▼
Current investments50/53€538€42k▲
Cash at bank and in hand54/58€146k€179k▲
Deferred charges and accrued income490/1€3k€10k▲
Equity and liabilities
Total equity and liabilities10/49€881k€903k▲
Equity10/15€337k€292k▼
Contributions10/11€176k€153k▼
Reserves13€161k€139k▼
Non-distributable reserves130/1€19k€0▼
Reserves not available under the articles1311€19k€0▼
Distributable reserves133€142k€139k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€544k€611k▲
Amounts payable after more than one year17€287k€316k▲
Financial debts170/4€287k€316k▲
Amounts payable within one year42/48€257k€253k▼
Current portion of amounts payable after more than one year42€37k€57k▲
Financial debts43€148k€5k▼
Credit institutions430/8€148k€5k▼
Trade debts44€67k€72k▲
Suppliers440/4€67k€72k▲
Advances received on contracts in progress46-€94k
Taxes, remuneration and social security45€5k€20k▲
Taxes450/3€3k€13k▲
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48-€6k
Accrued charges and deferred income492/3€23€41k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€200▼
Remuneration, social security and pensions62€204k€204k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€69k▲
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A€51k€503▼
Gross operating margin9900€344k€305k▼
Operating profit (loss)9901€17k€28k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€20k€19k▼
Recurring financial charges65€20k€19k▼
Profit (loss) for the period before taxes9903€2k€11k▲
Income taxes67/77€1k€5k▲
Profit (loss) for the period9904€527€7k▲
Profit (loss) for the period to be appropriated9905€527€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€527€7k▲
Transfer from equity791/2-€29k
Transfer to equity691/2€527€7k▲
To other reserves6921€527€7k▲
Profit to be distributed694/7-€29k
Return on contributions (dividend)694-€29k
Social balance
Average headcount (FTE)90873.43.2▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €200 | ▼ 82.6% |
| Remuneration, social security and pensions62 | €105k | €141k | €91k | €204k | €204k | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €56k | €60k | €67k | €69k | ▲ 4.0% |
| Other operating charges640/8 | €4k | €4k | €5k | €5k | €3k | ▼ 44.6% |
| Non-recurring operating charges66A | €3k | €0 | - | €51k | €503 | ▼ 99.0% |
| Gross operating margin9900 | €197k | €277k | €184k | €344k | €305k | ▼ 11.5% |
| Operating profit (loss)9901 | €32k | €76k | €27k | €17k | €28k | ▲ 66.1% |
| Financial income75/76B | €3k | €2k | €6k | €5k | €2k | ▼ 53.9% |
| Recurring financial income75 | €3k | €2k | €6k | €5k | €2k | ▼ 53.9% |
| Financial charges65/66B | €14k | €15k | €13k | €20k | €19k | ▼ 4.2% |
| Recurring financial charges65 | €14k | €15k | €13k | €20k | €19k | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €21k | €64k | €20k | €2k | €11k | ▲ 577% |
| Income taxes67/77 | €5k | €15k | €5k | €1k | €5k | ▲ 315% |
| Profit (loss) for the period9904 | €16k | €49k | €15k | €527 | €7k | ▲ 1,138% |
| Profit (loss) for the period to be appropriated9905 | €16k | €49k | €15k | €527 | €7k | ▲ 1,138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €896k | €880k | €841k | €881k | €903k | ▲ 2.5% |
| Fixed assets21/28 | €509k | €532k | €503k | €491k | €440k | ▼ 10.3% |
| Intangible fixed assets21 | - | - | - | €45k | €34k | ▼ 23.2% |
| Tangible fixed assets22/27 | €509k | €532k | €500k | €443k | €402k | ▼ 9.1% |
| Land and buildings22 | €465k | €452k | €439k | €401k | €364k | ▼ 9.1% |
| Plant, machinery and equipment23 | €15k | €26k | €19k | €15k | €21k | ▲ 43.1% |
| Furniture and vehicles24 | €25k | €54k | €43k | €27k | €17k | ▼ 38.0% |
| Leasing and similar rights25 | €3k | €0 | - | - | - | - |
| Financial fixed assets28 | €363 | €363 | €3k | €3k | €3k | = |
| Current assets29/58 | €387k | €347k | €337k | €390k | €463k | ▲ 18.8% |
| Stocks and contracts in progress3 | €28k | €33k | €51k | €55k | €73k | ▲ 31.1% |
| Stocks30/36 | €16k | €20k | €24k | €55k | €73k | ▲ 31.1% |
| Contracts in progress37 | €12k | €13k | €28k | €0 | - | - |
| Amounts receivable within one year40/41 | €242k | €196k | €229k | €185k | €160k | ▼ 13.1% |
| Trade receivables40 | €152k | €163k | €153k | €139k | €145k | ▲ 4.7% |
| Other amounts receivable41 | €90k | €33k | €76k | €46k | €15k | ▼ 66.9% |
| Current investments50/53 | - | €50k | €5k | €538 | €42k | ▲ 7,656% |
| Cash at bank and in hand54/58 | €115k | €65k | €48k | €146k | €179k | ▲ 22.4% |
| Deferred charges and accrued income490/1 | €1k | €3k | €4k | €3k | €10k | ▲ 192% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €896k | €880k | €841k | €881k | €903k | ▲ 2.5% |
| Equity10/15 | €273k | €321k | €336k | €337k | €292k | ▼ 13.2% |
| Contributions10/11 | €176k | €176k | €176k | €176k | €153k | ▼ 12.9% |
| Reserves13 | €97k | €146k | €161k | €161k | €139k | ▼ 13.7% |
| Non-distributable reserves130/1 | €19k | €19k | €19k | €19k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €19k | €19k | €19k | €19k | €0 | ▼ 100% |
| Distributable reserves133 | €78k | €127k | €142k | €142k | €139k | ▼ 2.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €623k | €558k | €504k | €544k | €611k | ▲ 12.3% |
| Amounts payable after more than one year17 | €376k | €360k | €324k | €287k | €316k | ▲ 10.1% |
| Financial debts170/4 | €376k | €360k | €324k | €287k | €316k | ▲ 10.1% |
| Amounts payable within one year42/48 | €247k | €198k | €180k | €257k | €253k | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | €37k | €37k | €36k | €37k | €57k | ▲ 54.0% |
| Financial debts43 | €0 | €3k | €76k | €148k | €5k | ▼ 96.7% |
| Credit institutions430/8 | €0 | €3k | €76k | €148k | €5k | ▼ 96.7% |
| Trade debts44 | €106k | €62k | €59k | €67k | €72k | ▲ 7.5% |
| Suppliers440/4 | €106k | €62k | €59k | €67k | €72k | ▲ 7.5% |
| Advances received on contracts in progress46 | €81k | €83k | €0 | - | €94k | - |
| Taxes, remuneration and social security45 | €23k | €13k | €9k | €5k | €20k | ▲ 289% |
| Taxes450/3 | €15k | €8k | €3k | €3k | €13k | ▲ 355% |
| Remuneration and social security454/9 | €8k | €5k | €7k | €2k | €7k | ▲ 212% |
| Other amounts payable47/48 | €0 | - | - | - | €6k | - |
| Accrued charges and deferred income492/3 | €0 | €23 | €0 | €23 | €41k | ▲ 179,724% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €49k | €15k | €527 | €7k | ▲ 1,138% |
| + Depreciation and write-downs630 | €54k | €56k | €60k | €67k | €69k | ▲ 4.0% |
| Operating cash flow (approximation) | €70k | €105k | €75k | €67k | €76k | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €-79k | €-31k | €-54k | €-19k | ▲ 65.4% |
| Change in cash | - | €-50k | €-17k | €98k | €33k | ▼ 66.7% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €527 ▼96.5%
Net result drops to €527, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €49k ▲201%
Net result €49k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ledegem · 1 establishment unit since 2015
Ground area
225 m²
Building footprint
123 m²
Volume, LiDAR
749 m³
Parcel 36010B0088/00N000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pro Projects
since 20152.242.448.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010B0088/00N000 | Flanders | 224 m² | 1 · 123 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 to 2025 · 4 entries · 27,357 EUR awarded · 27,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,377 EUR | 7,377 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 4,980 EUR | 4,980 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
6 categoriesPro Projects BV#9640
Pro Projects BV41825
Dual-learning approval
1 live approvalMedewerker schilder- en behangwerken duaal (so)
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,421 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
Founded14-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
42990Civil engineering
43240Other construction installation
Contact
Website
www.proprojects.be
Scores and ratios are computed by Checked and are not a credit decision.