Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.4 to 7.5.
Financials
Financial year 2025
PROJECT 0 from Waregem, company number BE0817284287, closed financial year 2025 with a result of € 86,178 after tax. For that financial year PROJECT 0 recorded revenue of € 20.1 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € -274,369 to € 86,178. 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 August 10, 2026.
€ 4.9 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,178
▲ still € 274,369 loss in 2024
Profit after tax over the fiscal year.
€ 457,180
▼ 52% 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 € 4.9 million.
People and assets in 2025
7.5
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 591,272
▲ 4% vs 2024
€ 78,800 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.
€ 68,977
▼ 33% vs 2024
Of which on lease € 31,623.
Debts at end 2025
€ 233,794
▼ 83% vs 2024
€ 16,410 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.9 million
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 245,804
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 25,464,843 | € 16,596,898 | € 20,143,732 | ▲ 21% |
| Gross margin | € 5,488,132 | - | - | - | |
| Profit after taxes | € 3,033,353 | € 530,640 | € -274,369 | € 86,178 | ▲ € 360,548 |
| Equity | € 4,589,718 | € 5,111,884 | € 4,837,515 | € 4,923,693 | ▲ 2% |
| Total debts | € 6,984,341 | € 5,505,736 | € 2,844,690 | € 3,150,519 | ▲ 11% |
| Cash | € 151,842 | € 247,147 | € 957,677 | € 457,180 | ▼ 52% |
| Land & buildings | € 581,562 | € 561,558 | € 232,487 | € 0 | ▼ 100% |
| Retained profit | € 4,526,118 | € 5,048,284 | € 4,773,915 | € 4,860,093 | ▲ 2% |
| Dividend | € 250,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,605,232 | € 3,006,473 | € 1,414,000 | € 233,794 | ▼ 83% |
| Balance sheet total | € 11,574,058 | € 10,617,620 | € 7,682,205 | € 8,074,212 | ▲ 5% |
| Employees (FTE) | 7.7 | 9.4 | 7.6 | 7.5 | ▼ 0.1 |
Key figures of PROJECT 0, fiscal years 2023 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 PROJECT 0?
What happened at PROJECT 0 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 86,178. filed late Source: NBB ↗
- J.A.C.-CONSULTING BV became a director. NBB
- NV ECOSTAL GROUP became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3 million profit in 2023 to € 86,178 profit in 2025.
Paid € 1.2 million in corporate taxes since 2023.
Best year ever: 2023, with € 3 million profit.
On average € 712,700 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ECOSTAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROJECT 0Behind PROJECT 0 are J.A.C.-CONSULTING BV and NV ECOSTAL GROUP. The shares are held by ECOSTAL (100%).
Directors
According to the 2025 annual accounts
Director · represented by Jan Cieters
since 2023
Director · represented by Loïc Pequignot
Also active at: ECOSTAL, SIGUESOL, SOLARECYCLE
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groenbek 28
8790 Waregem
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
- 0817.284.287
- VAT number
- BE 0817.284.287
- Registered office
- Groenbek 28, 8790 Waregem
- Names & denominations
- PROJECT 0
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2009
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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