Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
PROJECT S from Gent, company number BE0425958474, closed financial year 2025 with a result of € -594 after tax. For that financial year PROJECT S recorded a gross margin of € -530 and equity of € -918,646. Compared with financial year 2024, the result moved from € -564 to € -594. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ -918,646
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -594
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -938,646.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 197,889
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -495 | € -575 | € -530 | € -530 | |
| Profit after taxes | € -550 | € -626 | € -564 | € -594 | ▼ € 30 |
| Equity | € -916,863 | € -917,489 | € -918,052 | € -918,646 | |
| Total debts | € 912,113 | € 912,809 | € 913,339 | € 913,980 | |
| Cash | € 14,035 | € 14,306 | - | - | |
| Retained profit | € -936,863 | € -937,489 | € -938,052 | € -938,646 | |
| Balance sheet total | € 28,337 | € 28,407 | € 28,373 | € 28,421 |
Key figures of PROJECT S, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PROJECT S?
What happened at PROJECT S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
PROJECT S is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 594. filed late Source: NBB ↗
- Tomas Merckx became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 550 loss in 2022 to € 594 loss in 2025.
Management
The stake of DEVELOPMENT S comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROJECT SBehind PROJECT S is Tomas Merckx. The shares are held by DEVELOPMENT S (98%).
Directors
According to the 2025 annual accounts
Tomas Merckx
Liquidator
since 2013
Shareholders
98%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Coupure 864
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.958.474
- VAT number
- BE 0425.958.474
- Registered office
- Coupure 864, 9000 Gent
- Names & denominations
- PROJECT S
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 30 June 1984
- Peppol
- Not registered
- Activities · NACE
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