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 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Project Partner Belgium from Waterloo, company number BE0812014417, closed financial year 2025 with a result of € 75,307 after tax. For that financial year Project Partner Belgium recorded a gross margin of € 153,069 and equity of € 366,139. Compared with financial year 2024, the result moved from € 65,380 to € 75,307. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 15, 2025.
€ 366,139
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 75,307
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 83,191
▲ € 65,237 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 41,139.
People and assets in 2025
€ 157
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
€ 121,491
▼ 35% vs 2024
€ 68,321 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 22,813
▲ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,661
▲ € 25,162 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 | € 121,438 | € 122,823 | € 124,702 | € 153,069 | ▲ 23% |
| Profit after taxes | € 45,891 | € 59,247 | € 65,380 | € 75,307 | ▲ 15% |
| Equity | € 166,205 | € 225,452 | € 290,833 | € 366,139 | ▲ 26% |
| Total debts | € 701,874 | € 605,751 | € 424,568 | € 403,930 | ▼ 5% |
| Cash | € 62,835 | € 6,851 | € 17,954 | € 83,191 | ▲ € 65,237 |
| Land & buildings | € 747,264 | € 706,678 | € 666,092 | € 625,506 | ▼ 6% |
| Retained profit | € -158,795 | € -99,548 | € -34,167 | € 41,139 | ▲ € 75,307 |
| Bank debt | € 309,945 | € 249,763 | € 186,983 | € 121,491 | ▼ 35% |
| Balance sheet total | € 868,079 | € 831,203 | € 715,401 | € 770,069 | ▲ 8% |
Key figures of Project Partner Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to Project Partner Belgium?
What happened at Project Partner Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 75,307 (▲ 15% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- Jean-Claude REFOJOS-BARREIRA became a director. NBB
In short
From € 45,891 profit in 2022 to € 75,307 profit in 2025.
Paid € 17,874 in corporate taxes since 2022.
Best year ever: 2025, with € 75,307 profit.
Management
Behind Project Partner Belgium is Jean-Claude REFOJOS-BARREIRA.
Directors
According to the 2025 annual accounts
Jean-Claude REFOJOS-BARREIRA
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Drève Richelle 161/O box 91
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0812.014.417
- VAT number
- BE 0812.014.417
- Registered office
- Drève Richelle 161/O bus 91, 1410 Waterloo
- Names & denominations
- Project Partner Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2009
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen