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 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.
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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
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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 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