ACTIVE

PROJECTION.EU

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Financial year 2025 · closed on 30/06/2025

Net result

51,9 k €

+145.8% YoY

Gross margin

1,1 M €

+23.4% YoY

Equity

496,4 k €

+2.5% YoY

Workforce

13,6 ETP

-4.2% YoY

What does PROJECTION.EU do?

PROJECTION.EU is a Public limited company incorporated in 2007. Its registered office is in Ittre. It employs on average 13,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.655.611

Incorporation

02/03/2007

Legal form

Public limited company

Registered office

Rue du Vieux-Pavé-d'Asquempont 46
1460 Ittre · WallonieSee on map

Contributed capital

76 900,00 €

Latest accounts

30/06/2025

Average workforce

13,6 ETP

Joint committees (3)

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,1 M €	+23.4%	896,1 k €	-23.3%	1,2 M €	+0.6%	1,2 M €	-8.0%	1,3 M €	+27.3%	991,4 k €	-12.1%	1,1 M €	-31.3%	1,6 M €	+7.1%	1,5 M €	+58.7%	966,5 k €	-7.5%	1 M €	+0.6%	1 M €	+8.0%	961,6 k €	+19.3%	806 k €	-6.6%	863,3 k €	+36.7%	631,5 k €	+28.3%	492,1 k €	+109%	235,7 k €
EBITDA	99,7 k €	+141%	-240,6 k €	-594%	48,7 k €	-72.6%	177,7 k €	-15.7%	210,7 k €	+31.2%	160,5 k €	+249%	-107,7 k €	-133%	324,5 k €	-50.0%	649,3 k €	+76.6%	367,7 k €	-27.3%	506,2 k €	+17.7%	430,2 k €	+2.7%	418,9 k €	+21.4%	345,2 k €	-5.4%	364,9 k €	+26.4%	288,7 k €	+2.1%	282,6 k €	+263%	77,8 k €
Operating result	68,1 k €	+167%	-101,9 k €	-480%	26,8 k €	-83.3%	160,4 k €	-8.4%	175,1 k €	+37.9%	127 k €	+191%	-139,6 k €	-152%	266,3 k €	-39.8%	442,1 k €	+38.7%	318,7 k €	+33.0%	239,7 k €	-33.1%	358,4 k €	+4.0%	344,5 k €	+14.4%	301,1 k €	-5.1%	317,5 k €	+40.3%	226,4 k €	+1.9%	222,1 k €	+499%	37,1 k €
Net result	51,9 k €	+146%	-113,2 k €	-3412%	3,4 k €	-96.5%	96,7 k €	-24.1%	127,4 k €	+17.2%	108,7 k €	+173%	-148,8 k €	-191%	163,5 k €	-42.6%	284,7 k €	+44.7%	196,8 k €	+36.3%	144,4 k €	-33.6%	217,6 k €	+7.7%	202 k €	+12.4%	179,7 k €	-5.8%	190,7 k €	+33.9%	142,4 k €	+2.2%	139,4 k €	+735%	16,7 k €
Balance sheet
Equity	496,4 k €	+2.5%	484,5 k €	-46.0%	897,7 k €	+0.4%	894,3 k €	+12.1%	797,6 k €	-23.7%	1 M €	+11.6%	936,5 k €	-13.7%	1,1 M €	-20.0%	1,4 M €	-10.0%	1,5 M €	+15.0%	1,3 M €	+12.4%	1,2 M €	+23.0%	947,8 k €	+27.1%	745,8 k €	+31.7%	566,1 k €	+50.8%	375,4 k €	+61.1%	233 k €	+149%	93,6 k €
Total assets	1,3 M €	-8.5%	1,4 M €	-19.8%	1,7 M €	-6.5%	1,9 M €	-1.9%	1,9 M €	-10.1%	2,1 M €	-2.9%	2,2 M €	-17.5%	2,6 M €	-20.6%	3,3 M €	+15.2%	2,9 M €	+16.1%	2,5 M €	+5.0%	2,4 M €	-0.8%	2,4 M €	+15.4%	2,1 M €	+5.1%	2 M €	+46.0%	1,3 M €	+30.6%	1 M €	+21.6%	845,5 k €
Cash	–		–		52,3 k €	+517%	8,5 k €	-94.7%	161,5 k €	-17.7%	196,3 k €	-4.6%	205,9 k €	-12.5%	235,3 k €	-56.8%	544,1 k €	-21.0%	688,9 k €	+38.8%	496,2 k €	+179%	177,6 k €	+17.6%	151 k €	-8.2%	164,4 k €	+133%	70,4 k €	+300%	17,6 k €	-58.7%	42,6 k €	-64.5%	120 k €
Debts	775,7 k €	-14.5%	907,2 k €	+45.0%	625,6 k €	-14.6%	732,3 k €	-13.5%	846,4 k €	+4.3%	811,4 k €	-16.6%	973,1 k €	-25.9%	1,3 M €	-27.4%	1,8 M €	+36.0%	1,3 M €	+18.7%	1,1 M €	-2.8%	1,2 M €	-16.9%	1,4 M €	+8.4%	1,3 M €	-6.0%	1,4 M €	+40.8%	967,2 k €	+21.6%	795,4 k €	+5.8%	751,9 k €
Other
Workforce	13,6 ETP	-4.2%	14,2 ETP	+4.4%	13,6 ETP	0.0%	13,6 ETP	-1.4%	13,8 ETP	-6.1%	14,7 ETP	-8.1%	16,0 ETP	+0.6%	15,9 ETP	+33.6%	11,9 ETP	+25.3%	9,5 ETP	+2.2%	9,3 ETP	-2.1%	9,5 ETP	-3.1%	9,8 ETP	+1.0%	9,7 ETP	-5.8%	10,3 ETP	+24.1%	8,3 ETP	+59.6%	5,2 ETP	+108%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 19 ended

Active mandates

ALMALU

Director · since 14 mars 2022 · until 08 mai 2024 · 0821.752.524

Active

Nicolas Fedorenko

Director · since 14 mars 2022 · until 14 mars 2028

Active

Ended mandates

ALMALU

Director · since 14 mars 2022 · until 14 mars 2028 · 0821.752.524

Ended

Nicolas FEDORENKO

Director · since 10 décembre 2019 · until 10 décembre 2025

Ended

ALMALU

Managing director · since 14 mars 2016 · until 14 mars 2028 · 0821.752.524

Represented by Bram TRIEST

Ended

ALMALU

Managing director · since 14 mars 2016 · until 14 mars 2022 · 0821.752.524

Represented by Bram Triest

Ended

At this address

Other companies at this address

Company	CBE no.
PEPPERONI● Active	0713.996.907

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	21/02/2025	31/01/2024	30/01/2023	28/01/2022	27/01/2021
General meeting	30/12/2025	30/12/2024	12/12/2023	13/12/2022	07/12/2021	08/12/2020
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	30/06/2025	30/12/2025	27/02/2026	French	PDF
Abridged model	30/06/2024	30/12/2024	21/02/2025	French	PDF
Abridged model	30/06/2023	12/12/2023	31/01/2024	French	PDF
Abridged model	30/06/2022	13/12/2022	30/01/2023	French	PDF
Abridged model	30/06/2021	07/12/2021	28/01/2022	French	PDF
Abridged model	30/06/2020	08/12/2020	27/01/2021	French	PDF
Abridged model	30/06/2019	10/12/2019	05/02/2020	French	PDF
Abridged model	30/06/2018	11/12/2018	31/01/2019	French	PDF
Abridged model	30/06/2017	12/12/2017	31/01/2018	French	PDF
Abridged model	30/06/2016	13/12/2016	14/02/2017	French	PDF
Abridged model	30/06/2015	08/12/2015	02/02/2016	French	PDF
Abridged modelCorrection	30/06/2014	09/12/2014	27/05/2015	French	PDF
Abridged model	30/06/2014	09/12/2014	09/02/2015	French	PDF
Abridged model	30/06/2013	10/12/2013	19/12/2013	French	PDF
Abridged model	30/06/2012	11/12/2012	01/02/2013	French	PDF
Abridged model	30/06/2011	13/12/2011	14/02/2012	French	PDF
Abridged model	30/06/2010	14/12/2010	14/01/2011	French	PDF
Abridged model	30/06/2009	08/12/2009	21/12/2009	French	PDF
Abridged model	30/06/2008	09/12/2008	12/02/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 2 active · 19 ended

Active mandates

ALMALU

Director · since 14 mars 2022 · until 08 mai 2024 · 0821.752.524

Active

Nicolas Fedorenko

Director · since 14 mars 2022 · until 14 mars 2028

Active

Ended mandates

ALMALU

Director · since 14 mars 2022 · until 14 mars 2028 · 0821.752.524

Ended

Nicolas FEDORENKO

Director · since 10 décembre 2019 · until 10 décembre 2025

Ended

ALMALU

Managing director · since 14 mars 2016 · until 14 mars 2028 · 0821.752.524

Represented by Bram TRIEST

Ended

ALMALU

Managing director · since 14 mars 2016 · until 14 mars 2022 · 0821.752.524

Represented by Bram Triest

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2008
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Other12/03/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202551,9 k €↑
2024
Annual accounts 2024-113,2 k €↓
2023
Annual accounts 20233,4 k €↓
2022
Annual accounts 202296,7 k €↓
2021
Annual accounts 2021127,4 k €↑
2020
Annual accounts 2020108,7 k €↑
2019
Annual accounts 2019-148,8 k €↓
2018
Annual accounts 2018163,5 k €↓
2017
Annual accounts 2017284,7 k €↑
2016
Annual accounts 2016196,8 k €↑
2015
Annual accounts 2015144,4 k €↓
2014
Annual accounts 2014217,6 k €↑
2013
Annual accounts 2013202 k €↑
2012
Annual accounts 2012179,7 k €↓
2011
Annual accounts 2011190,7 k €↑
2010
Annual accounts 2010142,4 k €↑
2009
Annual accounts 2009139,4 k €↑
2008
Annual accounts 200816,7 k €
02/03/2007
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

PROJECTION.EU

Overview

What does PROJECTION.EU 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