Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PdN Projects from Lubbeek, company number BE0678767495, closed financial year 2025 with a result of € -69,376 after tax. For that financial year PdN Projects recorded a gross margin of € -58,271 and equity of € -122,326. Compared with financial year 2024, the result moved from € -34,836 to € -69,376. The company made a loss. 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 August 18, 2026.
€ -122,326
▼ € 69,376 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,376
▼ 99 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -128,526.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,597
▲ € 14,227 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,300 | € -1,711 | € -34,301 | € -58,271 | ▼ € 23,970 |
| Profit after taxes | € -1,692 | € -1,757 | € -34,836 | € -69,376 | ▼ € 34,540 |
| Equity | € -16,357 | € -18,114 | € -52,950 | € -122,326 | ▼ € 69,376 |
| Total debts | € 87,870 | € 88,639 | € 175,730 | € 677,376 | ▲ 285% |
| Cash | - | € 8 | - | - | |
| Retained profit | € -22,557 | € -24,314 | € -59,150 | € -128,526 | ▼ € 69,376 |
| Bank debt | € 1 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 71,513 | € 70,525 | € 122,780 | € 555,050 | ▲ € 432,270 |
Key figures of PdN Projects, 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 PdN Projects?
What happened at PdN Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 69,376. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 1,692 loss in 2022 to € 69,376 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PdN Projects are Floris Johannes Westheim, Thomas Vandevelde and Balazs Nemeth. The same people are also behind BTF Projects. Floris Johannes Westheim is also behind W-Fin, GEVION, Wolfron and MAFFF. Thomas Vandevelde is also behind Atlas VDV and Immo3000.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Uilekot(LUB) 5
3210 Lubbeek
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
- 0678.767.495
- VAT number
- BE 0678.767.495
- Registered office
- Uilekot(LUB) 5, 3210 Lubbeek
- Names & denominations
- PdN Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2017
- Peppol
- Active · Active since 18 Apr 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis