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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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BAP PROJECTS from Dalhem, company number BE0774876085, closed financial year 2025 with a result of € 41,120 after tax. For that financial year BAP PROJECTS recorded a gross margin of € 66,758 and equity of € 5,419. Compared with financial year 2024, the result moved from € 100,501 to € 41,120. The company is profitable. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 10, 2026.
€ 5,419
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,120
▼ 59% vs 2024
Profit after tax over the fiscal year.
€ 21,508
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 48,500 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 40,084
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 468
▼ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,423
▼ 60% 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 | € 68,410 | € 71,222 | € 127,901 | € 66,758 | ▼ 48% |
| Profit after taxes | € 53,712 | € 52,378 | € 100,501 | € 41,120 | ▼ 59% |
| Equity | € 70,919 | € 123,297 | € 12,798 | € 5,419 | ▼ 58% |
| Total debts | € 71,387 | € 44,150 | € 151,274 | € 80,108 | ▼ 47% |
| Cash | € 80,284 | € 64,948 | € 63,341 | € 21,508 | ▼ 66% |
| Retained profit | € 65,919 | € 118,297 | € 7,798 | € 419 | ▼ 95% |
| Dividend | € 0 | € 0 | € 211,000 | € 48,500 | ▼ 77% |
| Balance sheet total | € 142,306 | € 170,766 | € 164,073 | € 85,526 | ▼ 48% |
Key figures of BAP PROJECTS, 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 BAP PROJECTS?
What happened at BAP PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,120 (▼ 59% vs 2024). Source: NBB ↗
- New establishment in Dalhem. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,712 profit in 2022 to € 41,120 profit in 2025.
Paid € 64,948 in corporate taxes since 2022.
Best year ever: 2024, with € 100,501 profit.
Paid out € 259,500 in dividends to the owners in total.
Management
Behind BAP PROJECTS is Pierre Belleflamme.
Directors
According to the 2025 annual accounts
Pierre Belleflamme
Director
Establishments
Establishment units
Physical locations of this company
Affnay(NEU) 11B
4608 Dalhem
Rue Marnières(NEU) 13
4608 Dalhem
Active since 1 October 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.876.085
- VAT number
- BE 0774.876.085
- Registered office
- Affnay(NEU) 11B, 4608 Dalhem
- Names & denominations
- BAP PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2021
- Peppol
- Active · Active since 25 Dec 2025
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