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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PROJECT LEGACY from Oostende, company number BE0546986958, closed financial year 2025 with a result of € 7,157 after tax. For that financial year PROJECT LEGACY recorded a gross margin of € 134,794 and equity of € 25,757. Compared with financial year 2024, the result moved from € 11,604 to € 7,157. The company is profitable. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 25,757
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,157
▼ 38% vs 2024
Profit after tax over the fiscal year.
€ 3,965
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,398 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 38,220
▲ 52% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,885
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 527,503
▼ 4% vs 2024
€ 45,590 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 17,680
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,305
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 71,078 | € 94,102 | € 108,184 | € 134,794 | ▲ 25% |
| Profit after taxes | € 3,614 | € 1,920 | € 11,604 | € 7,157 | ▼ 38% |
| Equity | € 48,473 | € 50,394 | € 61,998 | € 25,757 | ▼ 58% |
| Total debts | € 493,542 | € 694,790 | € 734,628 | € 763,477 | ▲ 4% |
| Cash | € 1,295 | € 1,313 | € 7,499 | € 3,965 | ▼ 47% |
| Land & buildings | € 69,000 | € 69,000 | € 771,313 | € 729,561 | ▼ 5% |
| Retained profit | € 29,873 | € 31,794 | € 43,398 | € 7,157 | ▼ 84% |
| Dividend | € 0 | € 0 | € 0 | € 43,398 | |
| Bank debt | € 415,403 | € 492,637 | € 547,212 | € 527,503 | ▼ 4% |
| Balance sheet total | € 542,015 | € 745,183 | € 796,626 | € 789,234 | ▼ 1% |
Key figures of PROJECT LEGACY, 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 LEGACY?
What happened at PROJECT LEGACY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,157 (▼ 38% vs 2024). filed late Source: NBB ↗
- Björn Agnes Decloedt became a director. NBB
- New establishment in Durbuy. KBO
- New establishment in Durbuy. KBO
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,614 profit in 2022 to € 7,157 profit in 2025.
Paid € 9,045 in corporate taxes since 2022.
Best year ever: 2024, with € 11,604 profit.
Paid out € 43,398 in dividends to the owners in total.
Management
Behind PROJECT LEGACY are Björn Agnes Decloedt and Mike Huys. The same people are also behind HD ELEKTRICITEITSWERKEN. Mike Huys is also behind ZILEX, Vandekerckhove-Smets & Partners and BM Beheer.
Directors
According to the 2025 annual accounts
since 2023
Mike Huys
Director
Also active at: ZILEX, Vandekerckhove-Smets & Partners, BM Beheer, HD ELEKTRICITEITSWERKEN
Establishments
Establishment units
Physical locations of this company
Stuurboordstraat 12
8400 Oostende
Chrysantenstraat 101
8400 Oostende
Active since 28 February 2014
Chemin des Ecureuils 25
6940 Durbuy
Active since 6 June 2023
Al. de la Haute Famenne (Wéris) 128
6940 Durbuy
Active since 6 June 2023
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
- 0546.986.958
- VAT number
- BE 0546.986.958
- Registered office
- Stuurboordstraat 12, 8400 Oostende
- Names & denominations
- PROJECT LEGACY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2014
- Peppol
- Active · Active since 6 Aug 2025
- Contact
- [email protected]
- Activities · NACE
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