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 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Project 77 from Avelgem, company number BE1008924219, closed financial year 2025 with a result of € -38,520 after tax. For that financial year Project 77 recorded a gross margin of € 20,312 and equity of € 55,461. 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 July 29, 2026.
€ 55,461
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,520
Profit after tax over the fiscal year.
€ 1,997
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31,422.
Debts at end 2025
€ 529,022
€ 18,124 is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 6,370
Supplier invoices still open on the last day of the fiscal year.
What happened to Project 77?
What happened at Project 77 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,520. Source: NBB ↗
- New establishment in Avelgem. KBO
- Thierry Balcaen became a director. NBB
- Tom Ghysels became a director. NBB
- Start of the company according to the CBE. KBO
Management
The stake of GILVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Project 77Behind Project 77 are Thierry Balcaen and Tom Ghysels. The shares are held by GILVA (50%).
Directors
According to the 2025 annual accounts
since 2024
Tom Ghysels
Director
since 2024
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Smissestraat 16
8582 Avelgem
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
- 1008.924.219
- VAT number
- BE 1008.924.219
- Registered office
- Smissestraat 16, 8582 Avelgem
- Names & denominations
- Project 77
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2024
- Peppol
- Active · Active since 5 Feb 2026