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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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Settle Projects from Aalter, company number BE0769938686, closed financial year 2023 with a result of € 67,954 after tax. For that financial year Settle Projects recorded a gross margin of € 274,267 and equity of € 436,662. Compared with financial year 2022, the result moved from € 348,196 to € 67,954. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2024.
€ 436,662
▲ 18% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 67,954
▼ 80% vs 2022
Profit after tax over the fiscal year.
€ 2,495
▼ 23% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 431,662.
People and assets in 2023
3.1
▲ 1.8 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 179,395
▲ 183% vs 2022
€ 57,900 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.
€ 5,186
▼ 22% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 2% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 164,668
▲ 61% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 21,520 | € 522,737 | € 274,267 | ▼ 48% |
| Profit after taxes | € 15,512 | € 348,196 | € 67,954 | ▼ 80% |
| Equity | € 20,512 | € 368,708 | € 436,662 | ▲ 18% |
| Total debts | € 43,045 | € 1,331,340 | € 1,693,404 | ▲ 27% |
| Cash | € 5,542 | € 3,227 | € 2,495 | ▼ 23% |
| Retained profit | € 15,512 | € 363,708 | € 431,662 | ▲ 19% |
| Balance sheet total | € 63,557 | € 1,700,048 | € 2,130,066 | ▲ 25% |
| Employees (FTE) | - | 1.3 | 3.1 | ▲ 1.8 |
Key figures of Settle Projects, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Settle Projects?
What happened at Settle Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Settle Projects is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 67,954 (▼ 80% vs 2022). filed late Source: NBB ↗
- KWIT BV became a director. NBB
- Stephan Verbeke stepped down as director. NBB
- New establishment in Aalter. KBO
- Start of the company according to the CBE. KBO
- Stephan Verbeke became a director. NBB
In short
From € 15,512 profit in 2021 to € 67,954 profit in 2023.
Paid € 132,263 in corporate taxes since 2021.
Best year ever: 2022, with € 348,196 profit.
On average € 88,500 of value added per employee in 2023.
Management
Behind Settle Projects is KWIT BV. KWIT BV is also behind STEEL FRAMING SOLUTIONS.
Directors
According to the 2023 annual accounts
since 2023
since 2021 · until 2023
Establishments
Establishment units
Physical locations of this company
Beukenpark 105 box A
9880 Aalter
Venecolaan 54 box c
9880 Aalter
Active since 22 June 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0769.938.686
- VAT number
- BE 0769.938.686
- Registered office
- Beukenpark 105 bus A, 9880 Aalter
- Names & denominations
- Settle Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 June 2021
- Peppol
- Not registered
- Contact
- [email protected] 0471372518
- Activities · NACE
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