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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2026; 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 2026
pylyser projects from Middelkerke, company number BE0477118947, closed financial year 2026 with a result of € -2,561 after tax. For that financial year pylyser projects recorded a gross margin of € 12,939 and equity of € 18,995. Compared with financial year 2025, the result moved from € -1,792 to € -2,561. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 18,995
▼ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,561
▼ 43 % more loss than in 2025
Profit after tax over the fiscal year.
€ 145,506
▼ 6% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7,328.
Debts at end 2026
€ 171,875
▼ 7% vs 2025
€ 12,500 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 14,395 | € 13,765 | € 14,507 | € 12,939 | ▼ 11% |
| Profit after taxes | € -1,994 | € -2,628 | € -1,792 | € -2,561 | ▼ € 769 |
| Equity | € 25,976 | € 23,348 | € 21,556 | € 18,995 | ▼ 12% |
| Total debts | € 1,065,691 | € 573,191 | € 560,690 | € 541,470 | ▼ 3% |
| Cash | € 20,706 | € 157,381 | € 155,291 | € 145,506 | ▼ 6% |
| Land & buildings | € 451,361 | € 439,158 | € 426,956 | € 414,754 | ▼ 3% |
| Retained profit | € 14,309 | € 11,681 | € 9,889 | € 7,328 | ▼ 26% |
| Bank debt | € 209,375 | € 196,875 | € 184,375 | € 171,875 | ▼ 7% |
| Balance sheet total | € 1,091,667 | € 596,539 | € 582,246 | € 560,465 | ▼ 4% |
Key figures of pylyser projects, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to pylyser projects?
What happened at pylyser projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2,561. Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,994 loss in 2023 to € 2,561 loss in 2026.
Paid € 0 in corporate taxes since 2023.
Management
Behind pylyser projects are Steve Pylyser, Piet Tanghe and Stefaan Pylyser. The same people are also behind Pylyser gebroeders. Steve Pylyser is also behind Ypsilon Vastgoed. Piet Tanghe is also behind YPSILON CONSTRUCT.
Directors
According to the 2026 annual accounts
Establishments
Establishment units
Physical locations of this company
De Kalkaart 40
8430 Middelkerke
Zeedijk 331 box 23
8430 Middelkerke
Active since 16 May 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0477.118.947
- VAT number
- BE 0477.118.947
- Registered office
- De Kalkaart 40, 8430 Middelkerke
- Names & denominations
- pylyser projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2002
- Peppol
- Not registered