Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
D³ PROJECTS from Brugge, company number BE0862038010, closed financial year 2025 with a result of € -509,498 after tax. For that financial year D³ PROJECTS recorded revenue of € 19.1 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 135,308 to € -509,498. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 3.1 million
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -509,498
▼ still € 135,308 profit in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ € 1.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3 million.
People and assets in 2025
9
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 791,846
▼ 5% vs 2024
€ 88,000 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.
€ 5,550
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29.6 million
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 3 million
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 367,509
▲ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,503,631 | € 25,061,205 | € 16,252,280 | € 19,110,374 | ▲ 18% |
| Profit after taxes | € -313,689 | € 2,611,484 | € 135,308 | € -509,498 | ▼ € 644,805 |
| Equity | € 870,904 | € 3,482,387 | € 3,617,695 | € 3,108,197 | ▼ 14% |
| Total debts | € 25,621,625 | € 30,346,254 | € 36,224,037 | € 34,129,445 | ▼ 6% |
| Cash | € 1,102,890 | € 491,600 | € 422,275 | € 1,775,023 | ▲ € 1.4 million |
| Retained profit | € 770,904 | € 3,382,387 | € 3,517,695 | € 3,008,197 | ▼ 14% |
| Bank debt | € 19,016,707 | € 25,284,224 | € 32,453,111 | € 29,550,477 | ▼ 9% |
| Balance sheet total | € 26,492,529 | € 33,828,642 | € 39,841,732 | € 37,237,642 | ▼ 7% |
| Employees (FTE) | 6.4 | 7.7 | 10.3 | 9 | ▼ 1.3 |
Key figures of D³ 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 D³ PROJECTS?
What happened at D³ PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aiupo bv stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 509,498 (▼ € 644,805 vs 2024). Source: NBB ↗
- Aiupo bv became a director. NBB
- New establishment in Duffel. KBO
- Start of the company according to the CBE. KBO
In short
From € 313,689 loss in 2022 to € 509,498 loss in 2025.
Paid € 746,373 in corporate taxes since 2022.
Best year ever: 2023, with € 2.6 million profit.
Pays suppliers within 59 days on average.
Management
The stake of AIUPO, BUILDING FACTORY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D³ PROJECTSThe shares are held by AIUPO (51%) and BUILDING FACTORY (49%).
Directors
According to the 2025 annual accounts
Managing director · represented by Pascal Danneels
Also active at: Centrale Tuinbouwveiling, Bouwkantoor Danneels, Projectontwikkeling, DANNEELS DEVELOPMENT, BOSKO PROJECTEN, DANNEELS RETAIL, DAN-PROPERTIES, BUILDING FACTORY +1 more
since 2022 · until 2028
Shareholders
51%
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Baafskerkstraat 1
8200 Brugge
A. Stocletlaan 195
2570 Duffel
Active since 5 January 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Centrale Tuinbouwveiling same network
€ 102,293 revenue · 2025
Bouwkantoor Danneels same network
€ 37.4 million revenue · 2025
Projectontwikkeling same network
€ 2.2 million revenue · 2025
DANNEELS DEVELOPMENT same network
€ 9.2 million revenue · 2025
BOSKO PROJECTEN same network
€ 165,039 revenue · 2025
+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
- 0862.038.010
- VAT number
- BE 0862.038.010
- Registered office
- Sint-Baafskerkstraat 1, 8200 Brugge
- Names & denominations
- D³ PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw