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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
D2 PROJECT from Seraing, company number BE0722541518, closed financial year 2025 with a result of € -246,868 after tax. For that financial year D2 PROJECT recorded a gross margin of € 10,572 and equity of € -181,425. Compared with financial year 2024, the result moved from € -13,342 to € -246,868. 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 October 13, 2026.
€ -181,425
▼ € 246,868 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -246,868
▼ 1750 % more loss than in 2024
Profit after tax over the fiscal year.
€ 181,270
▲ 234% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -200,025.
People and assets in 2025
€ 6,098
▼ 76% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 million
▼ 11% vs 2024
€ 28,252 is repaid this year. At this pace the long-term loan is gone in ≈ 38 years.
€ 196,262
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,070
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,032 | € 442,829 | € 163,566 | € 10,572 | ▼ 94% |
| Profit after taxes | € -54,833 | € 167,208 | € -13,342 | € -246,868 | ▼ € 233,526 |
| Equity | € -88,423 | € 78,785 | € 65,443 | € -181,425 | ▼ € 246,868 |
| Total debts | € 6,143,017 | € 4,274,435 | € 4,893,492 | € 4,373,066 | ▼ 11% |
| Cash | € 62,916 | € 2,467 | € 54,308 | € 181,270 | ▲ 234% |
| Land & buildings | € 366,222 | € 356,107 | € 347,800 | € 343,147 | ▼ 1% |
| Retained profit | € -107,023 | € 60,185 | € 46,843 | € -200,025 | ▼ € 246,868 |
| Bank debt | € 5,206,800 | € 2,839,318 | € 4,140,640 | € 3,703,598 | ▼ 11% |
| Balance sheet total | € 6,054,594 | € 4,353,220 | € 4,958,935 | € 4,191,641 | ▼ 15% |
Key figures of D2 PROJECT, 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 D2 PROJECT?
What happened at D2 PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 246,868. filed late Source: NBB ↗
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,833 loss in 2022 to € 246,868 loss in 2025.
Paid € 43,073 in corporate taxes since 2022.
Best year ever: 2023, with € 167,208 profit.
Management
Behind D2 PROJECT is MAX CORP. MAX CORP is also behind D.E.P.A., RM DEVELOPPEMENT, GMD RENO, DGF INVEST and DH2.
Directors
According to the 2025 annual accounts
Director · represented by Daniel Salagado
Also active at: D.E.P.A., RM DEVELOPPEMENT, GMD RENO, DGF INVEST, DH2, VV BUSINESS, MAX PROJECT, DG IMVEST
Establishments
Establishment units
Physical locations of this company
Rue de Flémalle 196
4101 Seraing
Rue du Gosson 95
4101 Seraing
Active since 8 March 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0722.541.518
- VAT number
- BE 0722.541.518
- Registered office
- Rue de Flémalle 196, 4101 Seraing
- Names & denominations
- D2 PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 2019
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten