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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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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PROJESTEC from Sint-Gillis (bij-Brussel), company number BE0716929671, closed financial year 2025 with a result of € -5.3 million after tax. For that financial year PROJESTEC recorded a gross margin of € 1.3 million and equity of € -6.7 million. Compared with financial year 2024, the result moved from € -2.6 million to € -5.3 million. 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 September 30, 2026.
€ -6.7 million
▼ € 611,481 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.3 million
▼ 105 % more loss than in 2024
Profit after tax over the fiscal year.
€ 428,867
▲ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.4 million.
People and assets in 2025
64.7
▲ 18.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 54% vs 2024
€ 49,600 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.
€ 7,943
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.8 million
▲ 11% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 2.4 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 400,337
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 373,000 | € 1,052,381 | € 1,532,663 | € 1,292,955 | ▼ 16% |
| Profit after taxes | € -1,987,990 | € -1,812,183 | € -2,591,554 | € -5,322,981 | ▼ € 2.7 million |
| Equity | € -1,634,906 | € -3,447,089 | € -6,038,643 | € -6,650,124 | ▼ € 611,481 |
| Total debts | € 6,608,400 | € 10,345,778 | € 16,922,978 | € 17,643,892 | ▲ 4% |
| Cash | € 975,915 | € 413,743 | € 301,998 | € 428,867 | ▲ 42% |
| Retained profit | € -3,658,252 | € -5,470,435 | € -8,061,989 | € -13,384,970 | ▼ € 5.3 million |
| Bank debt | € 5,654,817 | € 7,499,477 | € 13,342,845 | € 14,794,840 | ▲ 11% |
| Balance sheet total | € 4,973,494 | € 6,898,689 | € 10,884,335 | € 10,993,768 | ▲ 1% |
| Employees (FTE) | 33.8 | 36.8 | 46 | 64.7 | ▲ 18.7 |
Key figures of PROJESTEC, 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 PROJESTEC?
What happened at PROJESTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FV HORIZON SRL stepped down as director. NBB
- TAWSS SRL stepped down as director. NBB
- VABELDI SRL stepped down as director. NBB
- Mounir SBAI stepped down as director. NBB
- MANU AGERE CONSULTING SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.3 million. filed late Source: NBB ↗
- New establishment in Sint-Agatha-Berchem. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
In short
From € 2 million loss in 2022 to € 5.3 million loss in 2025.
Paid € 6,182 in corporate taxes since 2022.
On average € 20,000 of value added per employee in 2025.
Management
The stake of UNIHOLD, VABELDI, VABELDA, VABELDO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROJESTECThe shares are held by UNIHOLD (25%), VABELDI (15%), VABELDA (15%) and VABELDO (15%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Director · represented by KERCKHOF Didier
Also active at: RESIDENTIE SINT-JORISHOF, Finlandia, SPIEGELREI, DE MEDICI, Kerant, FINERO, D.D.D.-INVEST, EURO SHOPPING +2 more
since 2025 · until 2031
Mounir SBAI
Director
since 2025 · until 2031
Director · represented by KERCKHOF Didier
since 2022 · until 2025
Managing director · represented by DEDONCKER Edwin
Also active at: BRASSERIE ST-FEUILLIEN
since 2025 · until 2031
Director · represented by VAN CAUWENBERGHE Frederik
since 2025 · until 2031
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Jamarlaan 3
1060 Sint-Gillis (bij-Brussel)
Place de la République-Française 49
4000 Liège
Active since 28 August 2019
Chaussée de Tongres 294
4000 Liège
Active since 1 November 2020
Chaussée de Liège(JB) 407
5100 Namur
Active since 30 June 2021
Rue Defacqz 17 box 2
7800 Ath
Active since 7 December 2021
Rue de la Grattine(L.L) 4-A
7100 La Louvière
Active since 30 August 2023
Anspachlaan 66
1000 Brussel
Active since 30 August 2023
Rue Alexandre Ansaldi 7 box LA2B
6000 Charleroi
Active since 2 April 2024
Haachtsesteenweg 1475
1130 Brussel
Active since 8 October 2024
Rue R. Sualem 13
4101 Seraing
Active since 8 October 2024
Keizer Karellaan 420
1082 Sint-Agatha-Berchem
Active since 21 May 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0716.929.671
- VAT number
- BE 0716.929.671
- Registered office
- Jamarlaan 3, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- PROJESTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2018
- Peppol
- Active · Active since 4 Oct 2024
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening