ACTIVE

PROJECT²

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Financial year 2024 · closed on 31/12/2024

Net result

-629,8 k €

-5484.9% YoY

Gross margin

-1,8 M €

-190.4% YoY

Equity

608,5 k €

-50.9% YoY

Workforce

0,0 ETP

What does PROJECT² do?

PROJECT² is a Public limited company incorporated in 1991. Its main activity is: Development of building projects. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.975.910

Incorporation

11/12/1991

Legal form

Public limited company

Registered office

Rubenslei 20
2018 Antwerpen · FlandreSee on map

Contributed capital

4 700 763,11 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (3)

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-1,8 M €	-190%	2 M €	+521%	-480,7 k €	-153%	913,5 k €	+60.1%	570,4 k €	+443%	-166,2 k €	+67.5%	-511,8 k €	-7.5%	-476,1 k €	-146%	-193,6 k €	+77.1%	-844,1 k €	-5845%	14,7 k €	+101%	-1,1 M €	-7.2%	-1 M €	-1147%	98,8 k €	+506%	-24,3 k €	+96.5%	-697,6 k €	+38.8%	-1,1 M €	-2.4%	-1,1 M €
EBITDA	-1,8 M €	-217%	1,6 M €	+404%	-514 k €	-165%	791,5 k €	+254%	223,6 k €	+176%	-293,9 k €	+57.6%	-692,6 k €	+15.8%	-822,3 k €	-95.7%	-420,2 k €	+50.1%	-842,8 k €	-120%	-382,7 k €	+74.5%	-1,5 M €	-9.3%	-1,4 M €	-5978%	-22,5 k €	+96.1%	-580,6 k €	+41.4%	-991,4 k €	+65.6%	-2,9 M €	-88.8%	-1,5 M €
Operating result	660,8 k €	+1012%	59,4 k €	+105%	-1,2 M €	-249%	788,2 k €	+269%	213,9 k €	+170%	-304,4 k €	+57.0%	-707,5 k €	+17.0%	-852,3 k €	-87.1%	-455,5 k €	+46.3%	-848,4 k €	-89.7%	-447,3 k €	+71.4%	-1,6 M €	-13.0%	-1,4 M €	-10759%	-12,8 k €	+98.1%	-668,7 k €	+46.5%	-1,2 M €	+58.2%	-3 M €	-82.7%	-1,6 M €
Net result	-629,8 k €	-5485%	11,7 k €	+101%	-1,2 M €	-3216%	-36,2 k €	-109%	393,8 k €	+122%	-1,8 M €	-229%	1,4 M €	+177%	-1,8 M €	-227%	-549,2 k €	+29.5%	-778,6 k €	-176%	1 M €	+157%	-1,8 M €	-138%	4,8 M €	+38.2%	3,4 M €	+323%	-1,5 M €	+26.5%	-2,1 M €	-301%	1 M €	+152%	-2 M €
Balance sheet
Equity	608,5 k €	-50.9%	1,2 M €	+1.0%	1,2 M €	-49.4%	2,4 M €	-7.4%	2,6 M €	+866%	271,2 k €	-86.9%	2,1 M €	+206%	676,7 k €	-72.6%	2,5 M €	-18.2%	3 M €	-20.5%	3,8 M €	+37.0%	2,8 M €	-39.6%	4,6 M €	+2715%	-175,5 k €	+95.2%	-3,6 M €	+73.2%	-13,5 M €	-18.4%	-11,4 M €	+8.4%	-12,5 M €
Total assets	1,3 M €	-70.5%	4,4 M €	-23.7%	5,7 M €	-45.9%	10,6 M €	+56.4%	6,8 M €	+30.8%	5,2 M €	-1.4%	5,2 M €	+26.1%	4,2 M €	-21.1%	5,3 M €	-2.9%	5,4 M €	-21.7%	6,9 M €	-46.3%	12,9 M €	-23.0%	16,7 M €	+65.9%	10,1 M €	-4.8%	10,6 M €	-5.8%	11,3 M €	+10.2%	10,2 M €	+20.5%	8,5 M €
Cash	2,7 k €	-76.8%	11,5 k €	+1170%	908,6 €	-98.4%	58,6 k €	+9.1%	53,7 k €	-83.6%	328,2 k €	+27.5%	257,5 k €	+178%	92,6 k €	+29630%	311,3 €	-99.5%	63,7 k €	-90.3%	659,5 k €	+89575%	735,4 €	-99.9%	683,9 k €	+69285%	985,7 €	-99.7%	308,9 k €	+32.6%	232,9 k €	+113%	109,5 k €	+1825%	5,7 k €
Debts	680,6 k €	-75.1%	2,7 M €	-33.4%	4,1 M €	-46.0%	7,6 M €	+104%	3,7 M €	-12.1%	4,2 M €	+61.1%	2,6 M €	-12.4%	3 M €	+27.7%	2,3 M €	+17.7%	2 M €	+26.9%	1,6 M €	-80.8%	8,2 M €	-20.4%	10,3 M €	+5.4%	9,7 M €	-28.5%	13,6 M €	-44.0%	24,3 M €	+19.1%	20,4 M €	+16.0%	17,6 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	-64.3%	2,8 ETP	-3.4%	2,9 ETP	-12.1%	3,3 ETP	+10.0%	3,0 ETP	-9.1%	3,3 ETP	-5.7%	3,5 ETP	-2.8%	3,6 ETP	-5.3%	3,8 ETP	-44.1%	6,8 ETP	-50.4%	13,7 ETP	-29.4%	19,4 ETP	+30.2%	14,9 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 31/12/2024 · 1 active · 35 ended

Active mandates

LT Holding

Managing director · since 18 octobre 2023 · until 04 mai 2029 · 0724.849.821

Represented by Laurent TRAU

Active

Ended mandates

Jean Scalais

Director · since 18 octobre 2023 · until 04 mai 2029

Ended

LT Holding

Managing director · since 18 octobre 2023 · until 04 mai 2029 · 0724.849.821

Represented by Laurent TRAU

Ended

ESV Ventures

Director · since 13 septembre 2019 · until 16 juillet 2021 · 0878.978.663

Represented by Verté Edward

Ended

ESV Ventures

Director · since 13 septembre 2019 · until 02 mai 2025 · 0878.978.663

Represented by Edward Verté

Ended

At this address

Other companies at this address

Company	CBE no.
CALA JEWELS● Active	0689.634.663
Ciporco● Active	0404.821.184
Eikenhorst● Active	0407.708.123
LT Developments● Active	0553.758.746
LT Holding● Active	0724.849.821
SAMUEL MICHAELI● Active	0540.830.824
Vereniging van Mede-eigenaars te Antwerpen, Rubenslei 20● Active	0850.381.974

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/09/2025	05/08/2024	20/02/2024	30/11/2022	31/08/2021	30/10/2020
General meeting	30/06/2025	27/06/2024	10/01/2024	27/10/2022	16/07/2021	31/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	01/09/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	05/08/2024	Dutch	PDF
Abridged model	31/12/2022	10/01/2024	20/02/2024	Dutch	PDF
Abridged model	31/12/2021	27/10/2022	30/11/2022	Dutch	PDF
Abridged model	31/12/2020	16/07/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/07/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/10/2015	13/11/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/10/2011	25/11/2011	Dutch	PDF
Abridged model	31/12/2009	28/07/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/11/2009	14/12/2009	Dutch	PDF
Abridged model	31/12/2007	28/07/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/07/2007	31/08/2007	Dutch	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 31/12/2024 · 1 active · 35 ended

Active mandates

LT Holding

Managing director · since 18 octobre 2023 · until 04 mai 2029 · 0724.849.821

Represented by Laurent TRAU

Active

Ended mandates

Jean Scalais

Director · since 18 octobre 2023 · until 04 mai 2029

Ended

LT Holding

Managing director · since 18 octobre 2023 · until 04 mai 2029 · 0724.849.821

Represented by Laurent TRAU

Ended

ESV Ventures

Director · since 13 septembre 2019 · until 16 juillet 2021 · 0878.978.663

Represented by Verté Edward

Ended

ESV Ventures

Director · since 13 septembre 2019 · until 02 mai 2025 · 0878.978.663

Represented by Edward Verté

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2019
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

2024
Annual accounts 2024-629,8 k €↓
2023
Annual accounts 202311,7 k €↑
2022
Annual accounts 2022-1,2 M €↓
2021
Annual accounts 2021-36,2 k €↓
2019
Annual accounts 2019393,8 k €↑
2018
Annual accounts 2018-1,8 M €↓
2017
Annual accounts 20171,4 M €↑
2016
Annual accounts 2016-1,8 M €↓
2015
Annual accounts 2015-549,2 k €↑
2014
Annual accounts 2014-778,6 k €↓
2013
Annual accounts 20131 M €↑
2012
Annual accounts 2012-1,8 M €↓
2011
Annual accounts 20114,8 M €↑
2010
Annual accounts 20103,4 M €↑
2009
Annual accounts 2009-1,5 M €↑
2008
Annual accounts 2008-2,1 M €↓
2007
Annual accounts 20071 M €↑
2006
Annual accounts 2006-2 M €
11/12/1991
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

PROJECT²

Overview

What does PROJECT² do?

Trend over 18 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