ACTIVE

Project 44

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Financial year 2024 · closed on 31/12/2024

Net result

46,3 k €

+15.2% YoY

Gross margin

61,8 k €

+7.3% YoY

Equity

485 k €

+10.6% YoY

What does Project 44 do?

Project 44 is a Private limited company incorporated in 2006. Its main activity is: Computer consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.951.039

Incorporation

14/03/2006

Legal form

Private limited company

Registered office

Verdussenstraat 22
2018 Antwerpen · FlandreSee on map

Contributed capital

10 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	61,8 k €	+7.3%	57,6 k €	+41.5%	40,7 k €	+59.9%	25,5 k €	-14.1%	29,6 k €	+55.3%	19,1 k €	-83.7%	117,3 k €	+370%	24,9 k €	-64.4%	70,1 k €	+13.7%	61,6 k €	+99.7%	30,8 k €	-53.8%	66,7 k €	+22.0%	54,7 k €	-36.1%	85,6 k €	-15.7%	101,5 k €	-1.2%	102,8 k €	-0.9%	103,7 k €	+15.8%	89,6 k €	+359%	19,5 k €
EBITDA	61,3 k €	+7.4%	57,1 k €	+41.8%	40,3 k €	+61.0%	25 k €	-14.3%	29,2 k €	+56.6%	18,6 k €	-84.0%	116,8 k €	+383%	24,2 k €	-65.0%	69,1 k €	+13.9%	60,7 k €	+103%	29,9 k €	-54.3%	65,4 k €	+21.1%	54 k €	-27.4%	74,4 k €	-26.3%	100,8 k €	-1.0%	101,9 k €	-1.3%	103,2 k €	+15.9%	89,1 k €	+367%	19,1 k €
Operating result	61,3 k €	+7.9%	56,8 k €	+42.2%	39,9 k €	+67.2%	23,9 k €	-15.1%	28,1 k €	+60.0%	17,6 k €	-84.9%	116,6 k €	+386%	24 k €	-65.2%	68,9 k €	+14.0%	60,4 k €	+105%	29,5 k €	-54.7%	65,1 k €	+21.3%	53,7 k €	-27.5%	74 k €	-25.9%	99,8 k €	+3.7%	96,2 k €	-1.6%	97,8 k €	+17.1%	83,5 k €	+486%	14,2 k €
Net result	46,3 k €	+15.2%	40,2 k €	+49.1%	26,9 k €	+55.4%	17,3 k €	-15.2%	20,4 k €	+57.8%	12,9 k €	-84.5%	83,5 k €	+384%	17,3 k €	-59.2%	42,3 k €	-2.8%	43,5 k €	+97.1%	22,1 k €	-58.8%	53,6 k €	+2.5%	52,3 k €	-12.3%	59,7 k €	-18.2%	72,9 k €	-1.3%	73,9 k €	+5.4%	70,1 k €	+20.9%	58 k €	+485%	9,9 k €
Balance sheet
Equity	485 k €	+10.6%	438,7 k €	+10.1%	398,5 k €	+7.3%	371,6 k €	+4.9%	354,2 k €	-44.1%	633,5 k €	+2.1%	620,5 k €	+15.5%	537,1 k €	+3.3%	519,8 k €	+8.9%	477,5 k €	+9.3%	436,9 k €	+5.3%	414,8 k €	+5.1%	394,5 k €	+15.3%	342,2 k €	+19.8%	285,6 k €	+33.4%	214,1 k €	+48.5%	144,2 k €	+94.6%	74,1 k €	+360%	16,1 k €
Total assets	520,1 k €	+6.7%	487,3 k €	+14.5%	425,4 k €	+10.9%	383,7 k €	+3.0%	372,6 k €	-42.2%	644,1 k €	+1.2%	636,7 k €	+17.5%	542 k €	-2.7%	556,9 k €	+11.5%	499,6 k €	+7.8%	463,6 k €	+9.3%	424,4 k €	+4.2%	407,4 k €	+15.5%	352,8 k €	+19.3%	295,8 k €	+16.2%	254,5 k €	+21.6%	209,3 k €	+79.9%	116,3 k €	+205%	38,1 k €
Cash	234,1 k €	-32.6%	347,3 k €	-11.1%	390,5 k €	+8.4%	360,3 k €	+12.8%	319,5 k €	-46.8%	600,4 k €	-3.4%	621,3 k €	+22.0%	509,3 k €	+12.2%	453,9 k €	-6.1%	483,5 k €	+10.8%	436,4 k €	+6.9%	408,1 k €		–		–		–		230,2 k €	+21.8%	189,1 k €	+104%	92,5 k €	+487%	15,8 k €
Debts	34,7 k €	-28.6%	48,6 k €	+83.5%	26,5 k €	+126%	11,7 k €	-34.7%	18 k €	+75.9%	10,2 k €	-35.1%	15,7 k €	+248%	4,5 k €	-87.8%	37,1 k €	+74.4%	21,2 k €	-20.4%	26,7 k €	+181%	9,5 k €	-25.9%	12,8 k €	+21.3%	10,6 k €	+12.2%	9,4 k €	-76.4%	40 k €	-38.1%	64,7 k €	+54.6%	41,8 k €	+93.7%	21,6 k €

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 · 2 ended

Active mandates

Peter Coppens

Director

Active

Ended mandates

Peter Coppens

Manager · since 03 mars 2006

Ended

Peter Coppens

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	16/07/2025	30/08/2024	30/06/2023	30/06/2022	27/08/2021	16/07/2020
General meeting	04/04/2025	05/04/2024	07/04/2023	01/04/2022	02/04/2021	03/04/2020
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
Micro model	31/12/2024	04/04/2025	16/07/2025	Dutch	PDF
Micro model	31/12/2023	05/04/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	07/04/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	01/04/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	02/04/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	03/04/2020	16/07/2020	Dutch	PDF
Micro model	31/12/2018	05/04/2019	01/07/2019	Dutch	PDF
Micro model	31/12/2017	06/04/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/04/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/04/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/04/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	06/04/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/03/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/03/2010	27/05/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	20/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/04/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/04/2007	26/06/2007	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 · 2 ended

Active mandates

Peter Coppens

Director

Active

Ended mandates

Peter Coppens

Manager · since 03 mars 2006

Ended

Peter Coppens

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/04/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/12/2013
KAPITAAL - AANDELEN
PDF
Other24/03/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202446,3 k €↑
2023
Annual accounts 202340,2 k €↑
2022
Annual accounts 202226,9 k €↑
2021
Annual accounts 202117,3 k €↓
2020
Annual accounts 202020,4 k €↑
2019
Annual accounts 201912,9 k €↓
2018
Annual accounts 201883,5 k €↑
2017
Annual accounts 201717,3 k €↓
2016
Annual accounts 201642,3 k €↓
2015
Annual accounts 201543,5 k €↑
2014
Annual accounts 201422,1 k €↓
2013
Annual accounts 201353,6 k €↑
2012
Annual accounts 201252,3 k €↓
2011
Annual accounts 201159,7 k €↓
2010
Annual accounts 201072,9 k €↓
2009
Annual accounts 200973,9 k €↑
2008
Annual accounts 200870,1 k €↑
2007
Annual accounts 200758 k €↑
2006
Annual accounts 20069,9 k €
14/03/2006
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 44

Overview

What does Project 44 do?

Trend over 19 financial years

Indicative valuation

Board of directors

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