ACTIVE

PROJECTS & CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

65,6 k €

+16.1% YoY

Gross margin

1,2 M €

+66.4% YoY

Equity

256,2 k €

+34.4% YoY

What does PROJECTS & CONSTRUCT do?

PROJECTS & CONSTRUCT is a Public limited company incorporated in 1991. Its registered office is in Morlanwelz.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.506.359

Incorporation

28/06/1991

Legal form

Public limited company

Registered office

Rue d' Haine(MSA) 45
7141 Morlanwelz · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+66.4%	703,5 k €	+132%	303,7 k €	+2097%	-15,2 k €	-158%	26,4 k €	-54.0%	57,4 k €	+103%	28,3 k €	-70.8%	96,9 k €	+145%	39,6 k €	+94.9%	20,3 k €	-58.5%	48,9 k €	-66.1%	144,4 k €	+39.7%	103,4 k €	-14.7%	121,2 k €	-11.6%	137,1 k €	+34.4%	102,0 k €	-6.2%	108,7 k €	+53.7%	70,7 k €	+75.4%	40,3 k €	+12.4%	35,9 k €
EBITDA	194,9 k €	+79.7%	108,5 k €	+391%	22,1 k €	+223%	-18,0 k €	-184%	21,4 k €	-62.7%	57,4 k €	+218%	18,0 k €	-65.1%	51,7 k €	+347%	11,6 k €	-41.7%	19,8 k €	-17.3%	24,0 k €	-11.1%	27,0 k €	+186%	9,4 k €	-65.7%	27,5 k €	-33.0%	41,0 k €	+291%	10,5 k €	-67.8%	32,6 k €	+1705%	-2,0 k €	-128%	7,2 k €	+318%	1,7 k €
Operating result	114,6 k €	+20.6%	95,0 k €	+448%	17,3 k €	+187%	-19,8 k €	-462%	5,5 k €	-87.7%	44,5 k €	+1675%	2,5 k €	-91.8%	30,4 k €	+3545%	-882,9 €	-119%	4,5 k €	-49.7%	9,0 k €	-40.8%	15,2 k €	+821%	-2,1 k €	-111%	19,5 k €	-39.1%	32,0 k €	+2464%	-1,4 k €	-106%	22,9 k €	+256%	-14,6 k €	-111%	-6,9 k €	-115%	-3,2 k €
Net result	65,6 k €	+16.1%	56,5 k €	+452%	10,2 k €	+151%	-20,1 k €	-696%	3,4 k €	-89.0%	30,6 k €	+2377%	1,2 k €	-94.5%	22,3 k €	+1549%	-1,5 k €	-172%	2,1 k €	-59.3%	5,2 k €	-52.9%	11,1 k €	+386%	-3,9 k €	-122%	17,7 k €	-19.8%	22,0 k €	+1381%	-1,7 k €	-108%	21,6 k €	+249%	-14,5 k €	-2463%	615,7 €	+114%	-4,3 k €
Balance sheet
Equity	256,2 k €	+34.4%	190,6 k €	+42.1%	134,1 k €	+8.3%	123,9 k €	-13.9%	144,0 k €	+2.4%	140,6 k €	+27.8%	110,0 k €	+1.1%	108,8 k €	+25.8%	86,5 k €	-1.7%	88,0 k €	+2.5%	85,9 k €	+6.5%	80,6 k €	+16.0%	69,5 k €	-5.3%	73,4 k €	+2.4%	71,7 k €	+44.4%	49,7 k €	-3.3%	51,4 k €	+72.5%	29,8 k €	-32.8%	44,3 k €	+1.4%	43,7 k €
Total assets	789,5 k €	+4.2%	758,0 k €	+54.2%	491,4 k €	+241%	144,1 k €	-17.6%	174,9 k €	-10.1%	194,5 k €	+29.4%	150,3 k €	-4.9%	158,0 k €	+15.6%	136,6 k €	-12.1%	155,4 k €	-15.2%	183,2 k €	+22.0%	150,2 k €	+1.9%	147,3 k €	-15.9%	175,3 k €	-5.0%	184,5 k €	+96.1%	94,1 k €	-17.2%	113,6 k €	+24.2%	91,5 k €	-22.0%	117,2 k €	+5.9%	110,7 k €
Cash	118,4 k €	+282%	31,0 k €	-24.6%	41,1 k €	+101%	20,5 k €	-67.8%	63,5 k €	+509%	10,4 k €	+92.1%	5,4 k €	+61.7%	3,4 k €	+1669%	189,6 €	-97.7%	8,1 k €	-45.4%	14,9 k €	+694%	1,9 k €	+26.5%	1,5 k €	-77.4%	6,6 k €	-83.8%	40,4 k €	+274%	10,8 k €	-29.4%	15,3 k €	+1299%	1,1 k €	+282%	286,7 €	-92.5%	3,8 k €
Debts	533,3 k €	-6.0%	567,3 k €	+59.6%	355,4 k €	+1661%	20,2 k €	-34.7%	30,9 k €	-42.6%	53,9 k €	+33.7%	40,3 k €	-18.2%	49,2 k €	-1.9%	50,2 k €	-25.6%	67,4 k €	-30.7%	97,4 k €	+40.1%	69,5 k €	-10.6%	77,8 k €	-23.6%	101,9 k €	-9.6%	112,7 k €	+154%	44,4 k €	-28.6%	62,2 k €	+0.9%	61,7 k €	-15.4%	72,9 k €	+8.8%	67,0 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	-80.8%	2,6 ETP	+8.3%	2,4 ETP	+20.0%	2,0 ETP	-16.7%	2,4 ETP	-7.7%	2,6 ETP	0.0%	2,6 ETP	+13.0%	2,3 ETP	+130%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Eric DE BODT

Director · until 16 juin 2028

Active

Quentin BAUVIGNET

Managing director · until 16 juin 2028

Active

Samuel FOGLIA

Director · until 16 juin 2028

Active

Ended mandates

Luc LABBE

Mandate · since 10 avril 2008

Ended

Samuel FOGLIA

Director · since 10 avril 2008

Ended

Eric DE BODT

Director · since 27 décembre 2006

Ended

Eric DE BODT

Managing director · since 27 décembre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
DE BODT Eric● Active	0452.650.597
PROJECTS-PALUMBO● Active	1034.983.268
SOMOTRA● Active	0439.558.567

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2026	17/07/2025	25/06/2024	31/08/2023	18/08/2022	26/08/2021
General meeting	12/06/2026	13/06/2025	21/06/2024	16/06/2023	10/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/06/2026	18/06/2026	French	PDF
Micro modelCorrection	31/12/2024	13/06/2025	17/07/2025	French	PDF
Micro model	31/12/2024	13/06/2025	17/06/2025	French	PDF
Micro model	31/12/2023	21/06/2024	25/06/2024	French	PDF
Micro model	31/12/2022	16/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	10/06/2022	18/08/2022	French	PDF
Micro model	31/12/2020	11/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	12/06/2020	19/08/2020	French	PDF
Micro model	31/12/2018	14/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	03/08/2018	31/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	13/07/2017	French	PDF
Abridged model	31/12/2015	05/08/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	22/08/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	23/08/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	10/08/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	12/08/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	13/08/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	21/08/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	22/08/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	27/09/2007	27/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Eric DE BODT

Director · until 16 juin 2028

Active

Quentin BAUVIGNET

Managing director · until 16 juin 2028

Active

Samuel FOGLIA

Director · until 16 juin 2028

Active

Ended mandates

Luc LABBE

Mandate · since 10 avril 2008

Ended

Samuel FOGLIA

Director · since 10 avril 2008

Ended

Eric DE BODT

Director · since 27 décembre 2006

Ended

Eric DE BODT

Managing director · since 27 décembre 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/09/2026
Démission d'un administrateur
PDF
Registered office13/08/2024
SIEGE SOCIAL
PDF
Registered office11/01/2023
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/07/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2008
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates02/09/2004
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202565,6 k €↑
2024
Annual accounts 202456,5 k €↑
2023
Annual accounts 202310,2 k €↑
2022
Annual accounts 2022-20,1 k €↓
2021
Annual accounts 20213,4 k €↓
2021
Name changePROJECT & CONSTRUCT SA
2020
Annual accounts 202030,6 k €↑
2019
Annual accounts 20191,2 k €↓
2018
Annual accounts 201822,3 k €↑
2017
Annual accounts 2017-1,5 k €↓
2016
Annual accounts 20162,1 k €↓
2015
Annual accounts 20155,2 k €↓
2014
Annual accounts 201411,1 k €↑
2013
Annual accounts 2013-3,9 k €↓
2012
Annual accounts 201217,7 k €↓
2011
Annual accounts 201122,0 k €↑
2010
Annual accounts 2010-1,7 k €↓
2009
Annual accounts 200921,6 k €↑
2008
Annual accounts 2008-14,5 k €↓
2007
Annual accounts 2007615,7 €↑
2006
Annual accounts 2006-4,3 k €
2006
Name changePROJECTS EN CONSTRUCT
28/06/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PROJECTS & CONSTRUCT

Overview

What does PROJECTS & CONSTRUCT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline