BEAUBOURG PROJECTS

Active

Private limited companyfounded 200025 yrs activeVredestraat 53, 8790 Waregem, BelgiumKBO/BCE: BE 0473.144.818

Summary

BEAUBOURG PROJECTS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €698k and a net result of €-143k. Equity is growing by ~28.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2026

63 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability21=

Solvency52▼-5

Growth52=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity short (current ratio 0.3 against 0.2 in 2025; short-term debt: 12.7% of total assets), and 72.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2026

Net result per financial year

1819202123242526

2018 to 2026 · latest year €-143k

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-06-2026, 138 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

138 d early

2025

4 d early

2024

34 d early

2023

6 d early

2021

19 d early

2020

30 d late

2019

31 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-03-2027 close31-10-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, abbreviated schema

Equity

€698k▼ 17.0%

2025 · €841k

2018: €-392k 2019: €-339k 2020: €-270k 2021: €-372k 2023: €1.12M 2024: €977k 2025: €841k

2018 → 2026

Total assets

€2.54M▼ 4.3%

2025 · €2.65M

2018: €2.05M 2019: €2.06M 2020: €2.12M 2021: €2.05M 2023: €2.90M 2024: €2.75M 2025: €2.65M

2018 → 2026

Net result

€-143k▼ 5.3%

2025 · €-136k

2018: €20k 2019: €53k 2020: €69k 2021: €-102k 2023: €-188k 2024: €-146k 2025: €-136k

2018 → 2026

Working capital

€-226k▲ 4.4%

2025 · €-236k

2018: €-39k 2019: €49k 2020: €162k 2021: €-15k 2023: €-1.77M 2024: €-207k 2025: €-236k

2018 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212023202420252026Trend

Equity€-372k-€1.12M€977k▼ 13.0%€841k▼ 13.9%€698k▼ 17.0%

Operating result€-25k-€-74k▼ 201%€-57k▲ 23.0%€-58k▼ 1.9%€-64k▼ 10.6%

Net result€-102k-€-188k▼ 84.2%€-146k▲ 22.5%€-136k▲ 6.6%€-143k▼ 5.3%

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 stays negative: a loss of €64k in 2026 against €58k in 2025; the loss grows.

Balance-sheet composition

2026 in colour, 2025 as the grey bar beneath

Assets €2.54M

96.2%

Fixed assets €2.44M ▼ 5.9%

Current assets €97k ▲ 68.6%

Equity and liabilities €2.54M

27.5%

72.5%

Equity €698k ▼ 17.0%

Debt €1.84M ▲ 1.6%

Debt's share of the balance-sheet total rises from 68.3% to 72.5%. Equity is lower and debt is higher.

Key figures and ratios

2026 value · change against 2025

EBITDA

€89k▼

2025 · €94k

Cash flow

€10k▼

2025 · €17k

Current ratio

0.30▲

2025 · 0.20

Quick ratio

0.00▼

2025 · 0.02

Debt to equity

2.64▲

2025 · 2.16

ROE

-20.5%▼

2025 · -16.2%

ROA

-5.6%▼

2025 · -5.1%

Interest coverage

1.13▲

2025 · 1.05

Debt ≤ 1 year

€322k▲

2025 · €293k

Debt > 1 year

€1.51M=

2025 · €1.51M

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 · 2026 against 2025 · 46 lines

Balance sheet Code20252026

Assets

Total assets20/58€2.65M€2.54M▼

Fixed assets21/28€2.60M€2.44M▼

Tangible fixed assets22/27€2.60M€2.44M▼

Land and buildings22€2.60M€2.44M▼

Current assets29/58€57k€97k▲

Stocks and contracts in progress3€52k€96k▲

Stocks30/36€52k€96k▲

Amounts receivable within one year40/41€0-

Trade receivables40€0-

Other amounts receivable41€0-

Cash at bank and in hand54/58€0-

Deferred charges and accrued income490/1€6k€1k▼

Equity and liabilities

Total equity and liabilities10/49€2.65M€2.54M▼

Equity10/15€841k€698k▼

Contributions10/11€19k€19k=

Revaluation surpluses12€1.39M€1.29M▼

Reserves13€289k€394k▲

Distributable reserves133€289k€394k▲

Profit (loss) carried forward14€-860k€-1.00M▼

Amounts payable17/49€1.81M€1.84M▲

Amounts payable after more than one year17€1.51M€1.51M=

Financial debts170/4€1.51M€1.51M=

Amounts payable within one year42/48€293k€322k▲

Current portion of amounts payable after more than one year42€50k€0▼

Financial debts43€13k€5k▼

Credit institutions430/8€13k€5k▼

Trade debts44€7k€8k▲

Suppliers440/4€7k€8k▲

Taxes, remuneration and social security45-€181

Taxes450/3-€181

Other amounts payable47/48€223k€309k▲

Accrued charges and deferred income492/3€8k€9k▲

Income statement Code20252026

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€153k▲

Other operating charges640/8€387€4k▲

Gross operating margin9900€95k€92k▼

Operating profit (loss)9901€-58k€-64k▼

Financial income75/76B€12k€0▼

Recurring financial income75€12k€0▼

Financial charges65/66B€89k€79k▼

Recurring financial charges65€89k€79k▼

Profit (loss) for the period before taxes9903€-136k€-143k▼

Profit (loss) for the period9904€-136k€-143k▼

Profit (loss) for the period to be appropriated9905€-136k€-143k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-860k€-1.00M▼

Profit (loss) brought forward from the previous period14P€-724k€-860k▼

Social balance

Average headcount (FTE)90870.0-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2027, expected by 31-10-2027

2026

29-07

State Gazette act Resignation: KWALIS BV (director)

Appointments: Davy DEMUYNCK, Kristof VANFLETEREN and Paul THIERS · Director discharge · Registered-office move8 facts ▸

General meeting, 16/06/2026
Board meeting, 25/06/2026
Director resignation, KWALIS BV (director)
Director discharge, KWALIS BV (director)
Director appointment, Davy DEMUYNCK (director)
Director appointment, Kristof VANFLETEREN (director)
Director appointment, Paul THIERS (director)
Registered-office move, Vredestraat 53, 8790 Waregem

15-06

NBB filing Annual accounts filed

fiscal year 2026 · abbreviated schema

2025

27-10

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

27-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

25-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

31-03

Financial Weakest financial yearnet €-188k

Net result drops to €-188k, the lowest in the series; recovery starts the following year.

31-03

Financial Equity above €1MEq €1.12M

Equity rises from €-372k to €1.12M.

2022

12-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Highest result since 2018net €69k ▲29.3%

Net result €69k, the highest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Liquidity times 33current ratio 2.71

Current ratio from 0.08 to 2.71; short-term debt falls from €43k to €28k.

Show earlier events

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 13 days late

11-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 376 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26097942). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Davy DEMUYNCK

Director · since 16-06-2026

Current

Kristof VANFLETEREN

Director · since 16-06-2026

Current

THIERS Paul

Director · since 16-06-2026

Current

16-06-2026 Davy DEMUYNCK: Appointed as Director

16-06-2026 Kristof VANFLETEREN: Appointed as Director

16-06-2026 THIERS Paul: Appointed as Director