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 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
PROJECT T&T from Brussel, company number BE0476392437, closed financial year 2024 with a result of € 394,454 after tax. For that financial year PROJECT T&T recorded revenue of € 8.2 million and equity of € -8.6 million. Compared with financial year 2022, the result moved from € -1.3 million to € 394,454. Profitable, and profit is growing. 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 May 20, 2025.
€ -8.6 million
▲ € 7.7 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 394,454
▲ still € 1.3 million loss in 2022
Profit after tax over the fiscal year.
€ 1.4 million
▼ 80% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -16.8 million.
People and assets in 2024
€ 25.2 million
▲ 4% vs 2022
Of which on lease € 25.2 million.
Debts at end 2024
€ 29.4 million
Loans from banks and other lenders, long and short.
€ 8.9 million
▼ 24% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 2.5 million
▲ 271% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2024 | Change 2022 → 2024 | |
|---|---|---|---|---|
| Revenue | € 336,430 | € 0 | € 8,191,167 | |
| Profit after taxes | € 1,361,362 | € -1,334,318 | € 394,454 | ▲ € 1.7 million |
| Equity | € -14,972,490 | € -16,306,808 | € -8,560,442 | ▲ € 7.7 million |
| Total debts | € 144,829,492 | € 83,992,136 | € 162,347,194 | ▲ 93% |
| Cash | € 16,262,531 | € 6,772,294 | € 1,386,268 | ▼ 80% |
| Land & buildings | € 313,852 | € 221,281 | € 41,392 | ▼ 81% |
| Retained profit | € -23,169,439 | € -24,503,757 | € -16,757,391 | ▲ € 7.7 million |
| Bank debt | € 34,000,000 | € 29,400,000 | € 29,400,000 | |
| Balance sheet total | € 129,857,001 | € 67,685,329 | € 153,786,752 | ▲ 127% |
Key figures of PROJECT T&T, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PROJECT T&T?
What happened at PROJECT T&T in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tim Rens stepped down as director. NBB
- Michel Van Geyte stepped down as director. NBB
- Peter De Durpel stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 394,454. Source: NBB ↗
- Peter De Durpel became a director. NBB
- Tim Rens became a director. NBB
- Michel Van Geyte became a director. NBB
- New establishment in Brussel. KBO
In short
From € 1.4 million profit in 2021 to € 394,454 profit in 2024.
Paid € 540,303 in corporate taxes since 2021.
Best year ever: 2021, with € 1.4 million profit.
Pays suppliers within 59 days on average.
Management
The shares are held by Extensa Group NV (100%) and Extensa NV (0%).
Directors
According to the 2024 annual accounts
Tim Rens
Director
Also active at: T&T DOUANEHOTEL, EXTENSA GROUP, EXTENSA DEVELOPMENT, EXTENSA, Tour & Taxis Services, Gare Maritime, T&T Property Management, Monteco +2 more
since 2021 · until 2027
Michel Van Geyte
Director
Also active at: T&T DOUANEHOTEL, EXTENSA GROUP, EXTENSA DEVELOPMENT, EXTENSA, Tour & Taxis Services, Gare Maritime, T&T Property Management, Monteco +3 more
since 2021 · until 2027
Peter De Durpel
Director
Also active at: T&T DOUANEHOTEL, EXTENSA GROUP, EXTENSA DEVELOPMENT, EXTENSA, Gare Maritime, T&T Property Management
since 2023 · until 2027
Shareholders
100%
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Picardstraat 11 box 505
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →T&T DOUANEHOTEL same network
€ -321,233 gross margin · 2024
Unitas
STUDIECENTRUM VAN DE VLAAMSE CHRISTEN-DEMOCRATEN
EXTENSA GROUP same network
€ 42,500 revenue · 2024
VROUW EN MAATSCHAPPIJ
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.392.437
- VAT number
- BE 0476.392.437
- Registered office
- Picardstraat 11 bus 505, 1000 Brussel
- Names & denominations
- PROJECT T&T
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2001
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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Ontwikkeling van niet-residentiële bouwprojecten
Handel in eigen onroerend goed
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