What is the address of Project Associates EU?

The registered office of Project Associates EU is located at Louizalaan 54 box b4, 1050 Brussel.

Is Project Associates EU still active?

Yes. According to the CBE (3 November 2026) Project Associates EU is active, legal situation “Normale toestand”, started on 10 October 2018.

Is Project Associates EU registered on Peppol?

Yes, Project Associates EU is registered on the Peppol network with ID 0208:0708896190.

What is the enterprise number of Project Associates EU?

The enterprise number of Project Associates EU is BE0708896190.

When was Project Associates EU founded?

Project Associates EU was founded on 10 October 2018.

Is Project Associates EU a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 October 2018; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did Project Associates EU make in 2025?

Project Associates EU posted a profit after taxes of € 245,300 in financial year 2025.

What is the revenue of Project Associates EU?

As a small company, Project Associates EU is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 981,037.

How much does an employee at Project Associates EU earn?

The average wage cost per full-time employee at Project Associates EU was € 108,100 in 2025: staff costs of € 637,576 for 5.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Project Associates EU have?

According to the 2025 annual accounts, Project Associates EU has 5.9 full-time equivalents (FTE).

Project Associates EU (Private Limited) - Brussel

Q: What does Project Associates EU do?

Project Associates EU is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van public relations en communicatie. Private Limited, started on 10 October 2018, 1 establishment.

Q: Who are the directors of Project Associates EU?

According to the 2025 annual accounts, the directors of Project Associates EU are: Robert Ian Worthington, Panterra Holdings Ltd., Moroza Rasmussen Advisory SRL.

Dossier Project Associates EU, printed on 3 November 2026 from databakkes.be/en/0708896190/project-associates-eu. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.

What it is worth Growing

€ 497,203

▲ 74% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 245,300

▲ 125% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.7 million

▼ 39% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 447,203.

People and assets in 2025

Full-time equivalents

5.9

▲ 0.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 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

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.2 million

▼ 52% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 86,065

▼ 11% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -5,483 Gross margin 2022: € -5,483 First fiscal year in the series	€ 999,575 Gross margin 2023: € 999,575 ▲ € 1 million vs 2022 (€ -5,483) Favourable step	€ 645,924 Gross margin 2024: € 645,924 ▼ 35% vs 2023 (€ 999,575) Unfavourable step	€ 981,037 Gross margin 2025: € 981,037 ▲ 52% vs 2024 (€ 645,924) Favourable step	▲ 52%
Profit after taxes	€ -151,788 Profit after taxes 2022: € -151,788 First fiscal year in the series	€ 529,890 Profit after taxes 2023: € 529,890 ▲ € 681,678 vs 2022 (€ -151,788) Favourable step	€ 108,817 Profit after taxes 2024: € 108,817 ▼ 79% vs 2023 (€ 529,890) Unfavourable step	€ 245,300 Profit after taxes 2025: € 245,300 ▲ 125% vs 2024 (€ 108,817) Favourable step	▲ 125%
Equity	€ -293,039 Equity 2022: € -293,039 First fiscal year in the series	€ 218,861 Equity 2023: € 218,861 ▲ € 511,900 vs 2022 (€ -293,039) Favourable step	€ 284,974 Equity 2024: € 284,974 ▲ 30% vs 2023 (€ 218,861) Favourable step	€ 497,203 Equity 2025: € 497,203 ▲ 74% vs 2024 (€ 284,974) Favourable step	▲ 74%
Total debts	€ 817,490 Total debts 2022: € 817,490 First fiscal year in the series	€ 617,814 Total debts 2023: € 617,814 ▼ 24% vs 2022 (€ 817,490) Favourable step	€ 3,100,083 Total debts 2024: € 3,100,083 ▲ € 2.5 million vs 2023 (€ 617,814) Unfavourable step	€ 1,888,831 Total debts 2025: € 1,888,831 ▼ 39% vs 2024 (€ 3,100,083) Favourable step	▼ 39%
Cash	€ 97,814 Cash 2022: € 97,814 First fiscal year in the series	€ 681,500 Cash 2023: € 681,500 ▲ € 583,686 vs 2022 (€ 97,814) Favourable step	€ 2,860,507 Cash 2024: € 2,860,507 ▲ € 2.2 million vs 2023 (€ 681,500) Favourable step	€ 1,739,309 Cash 2025: € 1,739,309 ▼ 39% vs 2024 (€ 2,860,507) Unfavourable step	▼ 39%
Retained profit	€ -343,039 Retained profit 2022: € -343,039 First fiscal year in the series	€ 168,861 Retained profit 2023: € 168,861 ▲ € 511,900 vs 2022 (€ -343,039) Favourable step	€ 234,974 Retained profit 2024: € 234,974 ▲ 39% vs 2023 (€ 168,861) Favourable step	€ 447,203 Retained profit 2025: € 447,203 ▲ 90% vs 2024 (€ 234,974) Favourable step	▲ 90%
Balance sheet total	€ 524,451 Balance sheet total 2022: € 524,451 First fiscal year in the series	€ 836,675 Balance sheet total 2023: € 836,675 ▲ 60% vs 2022 (€ 524,451) Unchanged	€ 3,385,057 Balance sheet total 2024: € 3,385,057 ▲ € 2.5 million vs 2023 (€ 836,675) Unchanged	€ 2,386,035 Balance sheet total 2025: € 2,386,035 ▼ 30% vs 2024 (€ 3,385,057) Unchanged	▼ 30%
Employees (FTE)	1.1 Employees (FTE) 2022: 1.1 First fiscal year in the series	5.9 Employees (FTE) 2023: 5.9 ▲ 4.8 vs 2022 (1.1) Unchanged	5.4 Employees (FTE) 2024: 5.4 ▼ 0.5 vs 2023 (5.9) Unchanged	5.9 Employees (FTE) 2025: 5.9 ▲ 0.5 vs 2024 (5.4) Unchanged	▲ 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:

Jan 6, 2026 New annual accounts for financial year 2025: profit of € 245,300 (▲ 125% vs 2024). Source: NBB ↗
Oct 12, 2018 Incorporation, published in the Gazette. Source: Staatsblad ↗
Oct 10, 2018 New establishment in Elsene. 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.

Original PDFs at the National Bank ↗

Management

Robert Ian Worthington Panterra Holdings Ltd. Moroza Rasmussen Advisory SRL

Project Associates EU

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

Moroza Rasmussen Advisory SRL

Director · represented by Jacob Moroza-Rasmussen

Establishments

Establishment units

Physical locations of this company

Registered office

Louizalaan 54 box b4

1050 Brussel

2.281.846.905

Louizalaan 54

1050 Elsene

Active since 10 October 2018

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

12 October 2018 Source: Deed ↗

Project Associates Holdings Limited(oprichter) 99.9%
Project Associates UK Limited(oprichter) 0.1%

Details

Company number

0708.896.190

VAT number

BE 0708.896.190

Registered office

Louizalaan 54 bus b4, 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

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Adviesbureaus op het gebied van public relations en communicatie

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Overige zakelijke dienstverlening, neg

View on CBE Public ↗ Annual accounts (NBB) ↗