ACTIVE

PROJECT 21

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Financial year 2025 · closed on 31/12/2025

Net result

41 k €

+1241.9% YoY

Gross margin

76,2 k €

+171.2% YoY

Equity

144,1 k €

+17.0% YoY

What does PROJECT 21 do?

PROJECT 21 is a Private limited company incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.470.421

Incorporation

28/10/1991

Legal form

Private limited company

Registered office

Rue Pierre Decoster 96 box C01
1190 Forest · BruxellesSee on map

Contributed capital

35 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

74501Other professional, scientific and technical activities· main 78100Activities of employment placement agencies 78100Activities of employment placement agencies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	76,2 k €	+171%	28,1 k €	-34.9%	43,1 k €	-40.4%	72,4 k €	+8.4%	66,8 k €	-26.6%	91 k €	+44.2%	63,1 k €	-23.0%	81,9 k €	+163%	31,1 k €	+42.2%	21,9 k €	+16.0%	18,8 k €	+61.6%	11,7 k €	-59.4%	28,7 k €	-13.8%	33,3 k €	+12.1%	29,7 k €	-56.8%	68,8 k €	+142%	28,4 k €	+5174%	538,8 €	+124%	-2,3 k €	-114%	16,2 k €
EBITDA	64,7 k €	+316%	15,6 k €	-44.2%	27,9 k €	-48.9%	54,6 k €	-1.4%	55,4 k €	-27.3%	76,2 k €	+76.3%	43,2 k €	-36.1%	67,6 k €	+190%	23,4 k €	+28.7%	18,1 k €	+30.3%	13,9 k €	+125%	6,2 k €	-75.6%	25,3 k €	-18.0%	30,9 k €	+38.2%	22,3 k €	-54.8%	49,3 k €	+282%	12,9 k €	+414%	-4,1 k €	+34.7%	-6,3 k €	-180%	7,9 k €
Operating result	50,2 k €	+4108%	1,2 k €	-92.4%	15,7 k €	-62.6%	42 k €	+6.0%	39,7 k €	-39.7%	65,8 k €	+95.9%	33,6 k €	-40.9%	56,8 k €	+312%	13,8 k €	-3.8%	14,3 k €	+13.2%	12,7 k €	+3001%	408,2 €	-96.9%	13 k €	+96.6%	6,6 k €	-54.2%	14,4 k €	-2.2%	14,7 k €	+876%	1,5 k €	+135%	-4,3 k €	+42.1%	-7,4 k €	-213%	6,6 k €
Net result	41 k €	+1242%	-3,6 k €	-136%	9,9 k €	-69.8%	32,9 k €	+9.2%	30,1 k €	-41.4%	51,4 k €	+83.9%	27,9 k €	-18.3%	34,2 k €	+191%	11,8 k €	+23.7%	9,5 k €	+22.0%	7,8 k €	+673%	-1,4 k €	-122%	6,2 k €	+197%	2,1 k €	-70.9%	7,2 k €	-46.2%	13,5 k €	+1675%	-854,1 €	+85.5%	-5,9 k €	-516%	-957 €	-123%	4,1 k €
Balance sheet
Equity	144,1 k €	+17.0%	123,1 k €	-9.9%	136,7 k €	+7.8%	126,8 k €	+16.4%	108,9 k €	+10.2%	98,8 k €	+46.6%	67,4 k €	+13.3%	59,4 k €	+18.3%	50,2 k €	+3.6%	48,5 k €	+7.2%	45,2 k €	+20.8%	37,4 k €	-3.5%	38,8 k €	+15.6%	33,6 k €	+6.7%	31,5 k €	+29.9%	24,2 k €	+125%	10,8 k €	-7.4%	11,6 k €	-13.9%	13,5 k €	-6.6%	14,5 k €
Total assets	212,7 k €	+22.1%	174,1 k €	-3.2%	179,8 k €	-25.0%	239,6 k €	+4.6%	229,1 k €	-5.5%	242,3 k €	+12.7%	214,9 k €	-15.6%	254,5 k €	-5.8%	270 k €	+264%	74,1 k €	+22.8%	60,4 k €	+34.8%	44,8 k €	-26.5%	60,9 k €	+1.6%	60 k €	+7.1%	56 k €	+10.2%	50,8 k €	-22.6%	65,7 k €	-42.1%	113,5 k €	+204%	37,3 k €	-10.9%	41,9 k €
Cash	107,2 k €	+1004%	9,7 k €	-50.4%	19,6 k €	-73.8%	74,8 k €	+15.5%	64,8 k €	+68.2%	38,5 k €	+46.7%	26,2 k €	-28.4%	36,7 k €	+14.4%	32 k €	+37.6%	23,3 k €	-35.8%	36,3 k €	+121%	16,4 k €	-38.1%	26,6 k €	+146%	10,8 k €	+31.2%	8,2 k €	-79.0%	39,1 k €		–		–		13,1 k €		–
Debts	68,6 k €	+34.4%	51 k €	+18.3%	43,1 k €	-61.8%	112,9 k €	-6.1%	120,2 k €	-16.3%	143,5 k €	-2.7%	147,5 k €	-24.4%	195 k €	-11.3%	219,8 k €	+757%	25,7 k €	+69.0%	15,2 k €	+106%	7,4 k €	-66.8%	22,2 k €	-16.2%	26,4 k €	+7.6%	24,6 k €	-7.7%	26,6 k €	-51.5%	54,9 k €	-46.1%	101,8 k €	+327%	23,8 k €	-13.1%	27,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Yves Schapira

Manager · since 01 juin 2009

Active

Ended mandates

Yves Schapira

Manager · since 01 juin 2012

Ended

Yves Schapira

Manager · since 01 juillet 2010 · until 31 décembre 2011

Ended

Yves Schapira

Manager · since 01 juillet 2010

Ended

Yves Schapira

Director · since 01 juin 2009

Ended

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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	31/08/2026	21/09/2025	20/08/2024	07/07/2023	09/08/2022	30/08/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	12/06/2025	21/09/2025	French	PDF
Micro model	31/12/2023	13/06/2024	20/08/2024	French	PDF
Micro model	31/12/2022	08/06/2023	07/07/2023	French	PDF
Micro model	31/12/2021	09/06/2022	09/08/2022	French	PDF
Micro model	31/12/2020	10/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	11/06/2020	30/09/2020	French	PDF
Micro model	31/12/2018	13/06/2019	02/10/2019	French	PDF
Micro model	31/12/2017	14/06/2018	19/07/2018	French	PDF
Micro model	31/12/2016	08/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	14/06/2012	10/08/2012	French	PDF
Abridged model	31/12/2010	09/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	10/06/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	02/06/2009	French	PDF
Abridged model	30/11/2007	28/03/2008	31/07/2008	French	PDF
Abridged model	30/11/2006	30/03/2007	16/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 9 ended

Active mandates

Yves Schapira

Manager · since 01 juin 2009

Active

Ended mandates

Yves Schapira

Manager · since 01 juin 2012

Ended

Yves Schapira

Manager · since 01 juillet 2010 · until 31 décembre 2011

Ended

Yves Schapira

Manager · since 01 juillet 2010

Ended

Yves Schapira

Director · since 01 juin 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office31/05/2016
SIEGE SOCIAL
PDF
Registered office26/05/2016
SIEGE SOCIAL
PDF
Mandates27/08/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2008
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2008
DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates12/05/2006
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 202541 k €↑
2024
Annual accounts 2024-3,6 k €↓
2023
Annual accounts 20239,9 k €↓
2022
Annual accounts 202232,9 k €↑
2021
Annual accounts 202130,1 k €↓
2020
Annual accounts 202051,4 k €↑
2019
Annual accounts 201927,9 k €↓
2018
Annual accounts 201834,2 k €↑
2017
Annual accounts 201711,8 k €↑
2016
Annual accounts 20169,5 k €↑
2015
Annual accounts 20157,8 k €↑
2014
Annual accounts 2014-1,4 k €↓
2013
Annual accounts 20136,2 k €↑
2012
Annual accounts 20122,1 k €↓
2011
Annual accounts 20117,2 k €↓
2010
Annual accounts 201013,5 k €↑
2009
Annual accounts 2009-854,1 €↑
2008
Annual accounts 2008-5,9 k €↓
2007
Annual accounts 2007-957 €↓
2006
Annual accounts 20064,1 k €
28/10/1991
IncorporationPrivate 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

PROJECT 21

Overview

What does PROJECT 21 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