PROJECTS & CONSTRUCT
ActivePROJECTS & CONSTRUCT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €56k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 7428 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent▲ +12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+62
Solvency44▼-5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.33 in 2023), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
36 d early
2022
31 d late
2021
18 d late
2020
26 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€191k▲ 42.1%
2023 · €134k
2018: €109k
2019: €110k
2020: €141k
2021: €144k
2022: €124k
2023: €134k
2018 → 2024
Total assets
€758k▲ 54.2%
2023 · €491k
2018: €158k
2019: €150k
2020: €194k
2021: €175k
2022: €144k
2023: €491k
2018 → 2024
Net result
€56k▲ 452%
2023 · €10k
2018: €22k
2019: €1k
2020: €31k
2021: €3k
2022: €-20k
2023: €10k
2018 → 2024
Working capital
€157k▲ 35.3%
2023 · €116k
2018: €83k
2019: €88k
2020: €99k
2021: €123k
2022: €119k
2023: €116k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€141k-€144k▲ 2.4%€124k▼ 13.9%€134k▲ 8.3%€191k▲ 42.1%
Operating result€45k-€5k▼ 87.7%€-20k€17k€95k▲ 448%
Net result€31k-€3k▼ 89.0%€-20k€10k€56k▲ 452%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 448% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €758k
Fixed assets
€82k▲ 314%
Current assets
€675k▲ 43.3%
Equity and liabilities €758k
Equity
€191k▲ 42.1%
Debt
€567k▲ 58.8%
The debt ratio rises from 72.7% to 74.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€108k▲
2023 · €22k
Cash flow
€70k▲
2023 · €15k
Solvency
25.2%▼
2023 · 27.3%
Current ratio
1.30▼
2023 · 1.33
Quick ratio
1.09▲
2023 · 0.80
Debt / equity
2.98▲
2023 · 2.66
ROE
29.6%▲
2023 · 7.6%
ROA
7.5%▲
2023 · 2.1%
Interest coverage
4.94▲
2023 · 3.02
Debt
€567k▲
2023 · €357k
Debt ≤ 1 year
€518k▲
2023 · €355k
Debt > 1 year
€49k
Income taxes
€18k
Staff costs
€592k▲
2023 · €280k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€491k€758k▲
Fixed assets21/28€20k€82k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€19k€82k▲
Plant, machinery and equipment23€10k€12k▲
Furniture and vehicles24€9k€70k▲
Financial fixed assets28€450€450=
Current assets29/58€472k€675k▲
Stocks and contracts in progress3€188k€113k▼
Stocks30/36€188k€113k▼
Amounts receivable within one year40/41€243k€532k▲
Trade receivables40€214k€501k▲
Other amounts receivable41€29k€31k▲
Cash at bank and in hand54/58€41k€31k▼
Equity and liabilities
Total equity and liabilities10/49€491k€758k▲
Equity10/15€134k€191k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€72k€129k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€66k€122k▲
Amounts payable17/49€357k€567k▲
Amounts payable after more than one year17-€49k
Financial debts170/4-€49k
Amounts payable within one year42/48€355k€518k▲
Current portion of amounts payable after more than one year42-€136k
Trade debts44€339k€334k▼
Suppliers440/4€339k€334k▼
Taxes, remuneration and social security45€11k€47k▲
Taxes450/3€57€23k▲
Remuneration and social security454/9€11k€24k▲
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€280k€592k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€14k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€304k€704k▲
Operating profit (loss)9901€17k€95k▲
Financial income75/76B€222€999▲
Recurring financial income75€222€999▲
Financial charges65/66B€7k€22k▲
Recurring financial charges65€7k€22k▲
Profit (loss) for the period before taxes9903€10k€74k▲
Income taxes67/77-€18k
Profit (loss) for the period9904€10k€56k▲
Profit (loss) for the period to be appropriated9905€10k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€56k▲
Transfer to equity691/2€10k€56k▲
To the legal reserve6920€10k€56k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €56k ▲452%
Operating result €95k, net result €56k, both a record.
31-12
Financial
Equity above €150kEq €191k ▲42.1%
2 profitable years in a row build equity to €191k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-20k ▼696%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
13-07
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 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Morlanwelz · 1 establishment unit since 1991
Ground area
1.0 ha
Building footprint
369 m²
Volume, LiDAR
2,252 m³
Parcel 56422B0040/00Z000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROJECTS & CONSTRUCT
since 19912.053.470.303
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56422B0040/00Z000 | Wallonia | 1.0 ha | 1 · 369 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GEBROEDERS LUYCKX ALGEMENE BOUW EN DAKWERKEN
BE 0465.598.812
Boortmeerbeek · Eq €191k
ZEKAJ CONSTRUCT
BE 0542.462.404
Merchtem · Eq €191k
RBA CONSTRUCT
BE 0789.732.329
Sint-Agatha-Berchem · Eq €190k
SRR CONSTRUCT
BE 0535.587.874
Brussel · Eq €191k
M.O. Construct
BE 0848.789.095
Asse · Eq €191k
Of 15,437 companies in sector 43990 we hold annual accounts for 7,355. 5,850 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-06-1991
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.