Financials
Financial year 2025
Project Associates EU from Brussel, company number BE0708896190, closed financial year 2025 with a result of € 245,300 after tax. For that financial year Project Associates EU recorded a gross margin of € 981,037 and equity of € 497,203. Compared with financial year 2024, the result moved from € 108,817 to € 245,300. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 6, 2026.
€ 497,203
▲ 74% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 245,300
▲ 125% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 447,203.
People and assets in 2025
5.9
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 637,576
▲ 35% vs 2024
€ 108,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 86,065
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,483 | € 999,575 | € 645,924 | € 981,037 | ▲ 52% |
| Profit after taxes | € -151,788 | € 529,890 | € 108,817 | € 245,300 | ▲ 125% |
| Equity | € -293,039 | € 218,861 | € 284,974 | € 497,203 | ▲ 74% |
| Total debts | € 817,490 | € 617,814 | € 3,100,083 | € 1,888,831 | ▼ 39% |
| Cash | € 97,814 | € 681,500 | € 2,860,507 | € 1,739,309 | ▼ 39% |
| Retained profit | € -343,039 | € 168,861 | € 234,974 | € 447,203 | ▲ 90% |
| Balance sheet total | € 524,451 | € 836,675 | € 3,385,057 | € 2,386,035 | ▼ 30% |
| Employees (FTE) | 1.1 | 5.9 | 5.4 | 5.9 | ▲ 0.5 |
Key figures of Project Associates EU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Project Associates EU?
What happened at Project Associates EU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 245,300 (▲ 125% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 151,788 loss in 2022 to € 245,300 profit in 2025.
Paid € 219,404 in corporate taxes since 2022.
Best year ever: 2023, with € 529,890 profit.
On average € 166,300 of value added per employee 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 Project Associates EU are Robert Ian Worthington, Panterra Holdings Ltd. and Moroza Rasmussen Advisory SRL.
Directors
According to the 2025 annual accounts
Robert Ian Worthington
Director
Panterra Holdings Ltd.
Director · represented by Charlotte Rigg
Director · represented by Jacob Moroza-Rasmussen
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0708.896.190
- VAT number
- BE 0708.896.190
- Registered office
- Louizalaan 54, 1050 Brussel
- Names & denominations
- Project Associates EU · PA EU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2018
- Peppol
- Active · Active since 22 Jan 2026
- Activities · NACE
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