ACTIVE

Project Associates EU

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Financial year 2025 · Closed on 30/06/2025

Net result
245,3 k €
+125,4 %over 1 year
Gross margin
981 k €
+51,9 %over 1 year
Equity
497,2 k €
+74,5 %over 1 year
Workforce
5,9 ETP
+9,3 %over 1 year

Identity

Source · BCE/KBO

Project Associates EU is a Private limited company incorporated in 2018. Its main activity is: Management consultancy activities. It employs on average 5,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0708.896.190
Incorporation
10/10/2018
Legal form
Private limited company
Contributed capital
50 000,00 €
Latest accounts
30/06/2025
Average workforce
5,9 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin981 k €645,9 k €999,6 k €-5,5 k €129,5 k €
EBITDA343,5 k €170,1 k €608,4 k €-148,6 k €14,7 k €
Operating result339,7 k €168 k €607,1 k €-149 k €14,4 k €
Net result245,3 k €108,8 k €529,9 k €-151,8 k €12 k €
Balance sheet
Equity497,2 k €285 k €218,9 k €-293 k €-141,3 k €
Total assets2,4 M €3,4 M €836,7 k €524,5 k €328,7 k €
Cash1,7 M €2,9 M €681,5 k €97,8 k €251,7 k €
Debts1,6 M €2,8 M €580,7 k €528,5 k €450,7 k €
Other
Workforce5,9 ETP5,4 ETP5,9 ETP1,1 ETP1,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 9 ended

Active mandates

Moroza Rasmussen Advisory

Director · 1027.450.328

Represented by Jacob Moroza-Rasmussen

Active
Panterra Holdings Ltd.

Director

Represented by Charlotte Rigg

Active
Robert Ian Worthington

Director

Active

Ended mandates

Projects Associates Holdings S. Etr.

Director · since 01 mars 2022

Represented by Robert Ian Worthington

Ended
David Rigg

Manager · since 04 décembre 2018

Ended
Michael Dudley Farrant

Manager · since 04 décembre 2018

Ended
David Rigg

Director

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202010/10/2018
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months21 months
Filing date06/01/202607/01/202521/12/202322/12/202207/12/202131/12/2020
General meeting15/12/202512/12/202404/12/202301/12/202201/12/202101/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202515/12/202506/01/2026FrenchPDF
Abridged model30/06/202412/12/202407/01/2025FrenchPDF
Abridged model30/06/202304/12/202321/12/2023FrenchPDF
Abridged model30/06/202201/12/202222/12/2022FrenchPDF
Abridged model30/06/202101/12/202107/12/2021FrenchPDF
Abridged model30/06/202001/12/202031/12/2020DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 9 ended

Active mandates

Moroza Rasmussen Advisory

Director · 1027.450.328

Represented by Jacob Moroza-Rasmussen

Active
Panterra Holdings Ltd.

Director

Represented by Charlotte Rigg

Active
Robert Ian Worthington

Director

Active

Ended mandates

Projects Associates Holdings S. Etr.

Director · since 01 mars 2022

Represented by Robert Ian Worthington

Ended
David Rigg

Manager · since 04 décembre 2018

Ended
Michael Dudley Farrant

Manager · since 04 décembre 2018

Ended
David Rigg

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/11/2024
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/02/2021
    DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates21/01/2019
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other12/10/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025245,3 k €↑
  2. 2024
    Annual accounts 2024108,8 k €↓
  3. 2023
    Annual accounts 2023529,9 k €↑
  4. 2022
    Annual accounts 2022-151,8 k €↓
  5. 2021
    Annual accounts 202112 k €↑
  6. 2020
    Annual accounts 2020-203,3 k €
  7. 10/10/2018
    IncorporationPrivate limited company