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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PROJECT BOUDEWIJNLAAN from Ieper, company number BE0864827155, closed financial year 2025 with a result of € -389,887 after tax. For that financial year PROJECT BOUDEWIJNLAAN recorded a gross margin of € 10,358 and equity of € -3.8 million. Compared with financial year 2024, the result moved from € -351,629 to € -389,887. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -3.8 million
▼ € 389,887 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -389,887
▼ 11 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,066
▲ 275% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 35,612
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -52,861 | € -17,547 | € -32,510 | € 10,358 | ▲ € 42,868 |
| Profit after taxes | € -126,063 | € -306,215 | € -351,629 | € -389,887 | ▼ € 38,257 |
| Equity | € -2,722,386 | € -3,028,601 | € -3,380,230 | € -3,770,117 | ▼ € 389,887 |
| Total debts | € 3,722,033 | € 4,019,013 | € 4,352,887 | € 4,603,860 | ▲ 6% |
| Cash | € 356 | € 632 | € 551 | € 2,066 | ▲ 275% |
| Land & buildings | € 979,752 | € 965,698 | € 951,644 | € 831,522 | ▼ 13% |
| Retained profit | € -3,722,991 | € -4,029,206 | € -4,380,835 | € -4,770,722 | ▼ € 389,887 |
| Balance sheet total | € 999,647 | € 990,412 | € 972,656 | € 833,743 | ▼ 14% |
Key figures of PROJECT BOUDEWIJNLAAN, 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 PROJECT BOUDEWIJNLAAN?
What happened at PROJECT BOUDEWIJNLAAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Gheysens stepped down as director. NBB
- Passionata BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 389,887. filed late Source: NBB ↗
- Paul Gheysens became a director. NBB
- Passionata BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Ieper. KBO
In short
From € 126,063 loss in 2022 to € 389,887 loss in 2025.
Management
The stake of DEUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROJECT BOUDEWIJNLAANThe shares are held by DEUS (99.9%).
Directors
According to the 2025 annual accounts
Paul Gheysens
Chairman of the board
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2023 · until 2029
Managing director · represented by Ria Vandoorne
Also active at: IMMOBILIERE NORTH SEA PROPERTIES, PRODIP, ELZENWALLE, ZOUTEWIND, ZEEWALLE, ZOUTEKREKEN, PHORMIO, DEUS +2 more
since 2023 · until 2029
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S.
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 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
- 0864.827.155
- VAT number
- BE 0864.827.155
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- PROJECT BOUDEWIJNLAAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
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