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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PROJECO from Welkenraedt, company number BE0453797078, closed financial year 2025 with a result of € 5,893 after tax. For that financial year PROJECO recorded a gross margin of € 212,017 and equity of € 833,438. Compared with financial year 2024, the result moved from € 26,291 to € 5,893. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 833,438
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,893
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 13,878
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 11,840 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 1.3 million
▼ 8% vs 2024
€ 116,746 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2,246
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,026
▲ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 200,593 | € 271,675 | € 250,054 | € 212,017 | ▼ 15% |
| Profit after taxes | € -31,993 | € 72,628 | € 26,291 | € 5,893 | ▼ 78% |
| Equity | € 747,886 | € 804,444 | € 832,727 | € 833,438 | |
| Total debts | € 2,989,256 | € 2,858,757 | € 2,752,326 | € 2,611,441 | ▼ 5% |
| Cash | € 51,977 | € 35,138 | € 19,078 | € 13,878 | ▼ 27% |
| Land & buildings | € 3,158,009 | € 3,021,696 | € 2,892,654 | € 2,758,611 | ▼ 5% |
| Retained profit | € 314,073 | € 370,631 | € 398,913 | € 399,625 | |
| Dividend | € 9,381 | € 16,070 | € 13,492 | € 11,840 | ▼ 12% |
| Bank debt | € 1,640,346 | € 1,532,844 | € 1,422,356 | € 1,308,789 | ▼ 8% |
| Balance sheet total | € 3,932,371 | € 3,841,546 | € 3,732,622 | € 3,571,745 | ▼ 4% |
Key figures of PROJECO, 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 PROJECO?
What happened at PROJECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,893 (▼ 78% vs 2024). filed late Source: NBB ↗
- René WIERTZ became a director. NBB
- Marc WIERTZ became a director. NBB
- Bernard WIERTZ became a director. NBB
- New establishment in Herve. KBO
- New establishment in Welkenraedt. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,993 loss in 2022 to € 5,893 profit in 2025.
Paid € 41,979 in corporate taxes since 2022.
Best year ever: 2023, with € 72,628 profit.
Paid out € 50,783 in dividends to the owners in total.
Management
Behind PROJECO are René WIERTZ, Marc WIERTZ and Bernard WIERTZ. The same people are also behind B.R.M. Industrie. René WIERTZ is also behind SERVITEX and PROGEBAT. Marc WIERTZ is also behind SERVITEX.
Directors
According to the 2025 annual accounts
since 2019
since 2019
since 2019
Establishments
Establishment units
Physical locations of this company
Rue de l'Yser 136
4840 Welkenraedt
Rue de l'Yser 76
4840 Welkenraedt
Active since 9 December 1994
Rue de Chesseroux 7
4651 Herve
Active since 1 January 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.797.078
- VAT number
- BE 0453.797.078
- Registered office
- Rue de l'Yser 136, 4840 Welkenraedt
- Names & denominations
- PROJECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1994
- Peppol
- Not registered