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 %.
Financials
Financial year 2025
SPECIAL PROJECTS TEAM from Mechelen, company number BE0468824259, closed financial year 2025 with a result of € -23,465 after tax. For that financial year SPECIAL PROJECTS TEAM recorded a gross margin of € 85,320 and equity of € 184,898. Compared with financial year 2024, the result moved from € 65,498 to € -23,465. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 184,898
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,465
▼ still € 65,498 profit in 2024
Profit after tax over the fiscal year.
€ 12,538
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 116,306.
People and assets in 2025
€ 45,962
▲ € 36,764 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 45,636
▲ € 36,833 vs 2024
€ 11,673 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,644
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,094
▼ 10% 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 | € 97,975 | € 104,500 | € 198,687 | € 85,320 | ▼ 57% |
| Profit after taxes | € 17,583 | € 23,413 | € 65,498 | € -23,465 | ▼ € 88,963 |
| Equity | € 123,399 | € 146,811 | € 212,310 | € 184,898 | ▼ 13% |
| Total debts | € 142,063 | € 125,906 | € 596,119 | € 489,037 | ▼ 18% |
| Cash | € 50,086 | € 58,493 | € 13,389 | € 12,538 | ▼ 6% |
| Land & buildings | € 104,994 | € 118,951 | € 658,388 | € 573,341 | ▼ 13% |
| Retained profit | € 54,807 | € 78,219 | € 143,718 | € 116,306 | ▼ 19% |
| Dividend | € 0 | € 0 | € 0 | € 3,947 | |
| Bank debt | € 30,518 | € 19,249 | € 8,803 | € 45,636 | ▲ € 36,833 |
| Balance sheet total | € 265,462 | € 272,717 | € 808,429 | € 673,935 | ▼ 17% |
Key figures of SPECIAL PROJECTS TEAM, 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 SPECIAL PROJECTS TEAM?
What happened at SPECIAL PROJECTS TEAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,465 (▼ € 88,963 vs 2024). Source: NBB ↗
- Tony DE WACHTER became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
- Kris DE BUYSER became a director. NBB
In short
From € 17,583 profit in 2022 to € 23,465 loss in 2025.
Paid € 47,948 in corporate taxes since 2022.
Best year ever: 2024, with € 65,498 profit.
Paid out € 3,947 in dividends to the owners in total.
Management
Behind SPECIAL PROJECTS TEAM are Tony DE WACHTER and Kris DE BUYSER. Kris DE BUYSER is also behind DE BUYSER ASSURANCY, CONTRACTING & ENGINEERING SERVICES, JWJ INVEST, CES GROUP and SIECO.
Directors
According to the 2025 annual accounts
Tony DE WACHTER
Director
since 2013
Kris DE BUYSER
Director
Also active at: DE BUYSER ASSURANCY, CONTRACTING & ENGINEERING SERVICES, JWJ INVEST, CES GROUP, SIECO, CENERGIE, IMMOCAL, CESTIS
since 1999
Establishments
Establishment units
Physical locations of this company
Kapelseweg(HOM) 23
2811 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0468.824.259
- VAT number
- BE 0468.824.259
- Registered office
- Kapelseweg(HOM) 23, 2811 Mechelen
- Names & denominations
- SPECIAL PROJECTS TEAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1999
- Peppol
- Active · Active since 23 Dec 2024
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrische installatie
Installatie van isolatie
Dakwerkzaamheden
Waterdichtingswerken van muren
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Isolatiewerkzaamheden