ACTIVE

S. Project Services

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Financial year 2025 · closed on 31/12/2025

Net result

212,3 k €

-54.9% YoY

Gross margin

541 k €

-38.4% YoY

Equity

2,7 M €

+8.4% YoY

What does S. Project Services do?

S. Project Services is a Private limited company incorporated in 2007. Its main activity is: Architectural activities. Its registered office is in Balen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.553.157

Incorporation

05/04/2007

Legal form

Private limited company

Registered office

Europalaan 8
2490 Balen · FlandreSee on map

Contributed capital

750 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 74201Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	541 k €	-38.4%	878 k €	+13.8%	771,6 k €	+25.3%	616 k €	+53.9%	400,2 k €	-0.5%	402,3 k €	+27.5%	315,5 k €	+10.6%	285,3 k €	+0.5%	283,9 k €	+13.1%	251 k €	-12.8%	287,7 k €	+176%	104,1 k €	+69.0%	61,6 k €	-31.1%	89,4 k €	-18.2%	109,3 k €	+2.8%	106,3 k €	+1717%	5,9 k €	-95.9%	141,8 k €
EBITDA	531 k €	-39.1%	871,2 k €	+15.7%	752,8 k €	+23.3%	610,7 k €	+54.7%	394,7 k €	-0.5%	396,6 k €	+27.9%	310,1 k €	+10.8%	279,9 k €	+0.8%	277,6 k €	+14.6%	242,2 k €	-8.1%	263,7 k €	+761%	30,6 k €	-36.8%	48,4 k €	-35.9%	75,6 k €	-14.2%	88,1 k €	-16.5%	105,6 k €	+1953%	5,1 k €	-96.4%	141 k €
Operating result	340 k €	-49.7%	675,9 k €	+6.5%	634,6 k €	+24.9%	508,3 k €	+75.2%	290,2 k €	+13.6%	255,3 k €	+51.3%	168,8 k €	+23.7%	136,4 k €	+0.3%	136 k €	+31.9%	103,1 k €	-42.0%	177,8 k €	+7603%	-2,4 k €	-110%	23,2 k €	-62.0%	61,1 k €	-17.5%	74 k €	-10.0%	82,3 k €	+3674%	-2,3 k €	-102%	108 k €
Net result	212,3 k €	-54.9%	470,4 k €	+4.4%	450,7 k €	+27.2%	354,3 k €	+78.4%	198,6 k €	+18.8%	167,2 k €	+71.7%	97,4 k €	+31.7%	73,9 k €	+19.8%	61,7 k €	+8.2%	57,1 k €	-52.6%	120,4 k €	+765%	-18,1 k €	-3813%	488 €	-99.8%	249,4 k €	+8.6%	229,7 k €	+289%	59 k €	+3720%	-1,6 k €	-102%	69,2 k €
Balance sheet
Equity	2,7 M €	+8.4%	2,5 M €	+23.0%	2 M €	+8.8%	1,9 M €	+23.2%	1,5 M €	+15.0%	1,3 M €	+14.4%	1,2 M €	+9.2%	1,1 M €	+7.5%	988,5 k €	+6.7%	926,8 k €	+6.6%	869,7 k €	+16.1%	749,2 k €	-2.4%	767,4 k €	+0.1%	766,9 k €	+51.8%	505 k €	+83.4%	275,4 k €	+1057%	23,8 k €	-6.4%	25,4 k €
Total assets	4,2 M €	-0.8%	4,2 M €	+45.2%	2,9 M €	-4.8%	3 M €	-1.9%	3,1 M €	-1.6%	3,1 M €	-1.6%	3,2 M €	+14.3%	2,8 M €	-5.5%	3 M €	-4.8%	3,1 M €	+20.8%	2,6 M €	+106%	1,2 M €	+3.2%	1,2 M €	+1.0%	1,2 M €	+48.4%	806,7 k €	-8.1%	877,9 k €	+1754%	47,3 k €	-55.5%	106,5 k €
Cash	153,8 k €	+47.7%	104,2 k €	+541%	16,3 k €	-83.0%	95,9 k €	+246%	27,7 k €	+1.5%	27,3 k €	+186%	9,5 k €	-76.3%	40,2 k €	-49.2%	79 k €	+204%	26 k €	-74.7%	102,9 k €	+205%	33,8 k €	-41.8%	58 k €	+161%	22,3 k €	-83.1%	131,7 k €	+46.1%	90,1 k €	+468%	15,9 k €	-51.1%	32,5 k €
Debts	1,4 M €	-14.7%	1,7 M €	+99.3%	837,9 k €	-26.5%	1,1 M €	-26.5%	1,5 M €	-13.9%	1,8 M €	-10.8%	2 M €	+17.5%	1,7 M €	-12.6%	2 M €	-9.7%	2,2 M €	+28.1%	1,7 M €	+241%	498,9 k €	+13.0%	441,6 k €	+181%	157,1 k €	-47.9%	301,6 k €	-49.9%	602,5 k €	+2459%	23,5 k €	-70.9%	81,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Swinnen

Director

Active

Ended mandates

MARC SWINNEN

Manager · since 04 avril 2007

Ended

Marc SWINNEN

Manager

Ended

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	01/01/2025	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	28/08/2026	27/06/2025	20/08/2024	19/08/2023	18/07/2022	02/09/2021
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
Abridged model	31/12/2025	11/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	20/08/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	19/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	18/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	02/09/2021	Dutch	PDF
Micro model	31/12/2020	10/06/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	11/06/2020	09/07/2020	Dutch	PDF
Micro model	31/12/2018	13/06/2019	10/07/2019	Dutch	PDF
Micro model	31/12/2017	14/06/2018	09/08/2018	Dutch	PDF
Micro model	31/12/2016	08/06/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	24/09/2014	Dutch	PDF
Abridged model	31/12/2012	11/01/2013	31/01/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	31/08/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	09/06/2011	23/12/2011	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	29/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	31/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Swinnen

Director

Active

Ended mandates

MARC SWINNEN

Manager · since 04 avril 2007

Ended

Marc SWINNEN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/06/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/01/2013
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring24/03/2011
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/12/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares24/12/2007
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/04/2007
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

2025
Annual accounts 2025212,3 k €↓
2024
Annual accounts 2024470,4 k €↑
2023
Annual accounts 2023450,7 k €↑
2022
Annual accounts 2022354,3 k €↑
2021
Annual accounts 2021198,6 k €↑
2020
Annual accounts 2020167,2 k €↑
2019
Annual accounts 201997,4 k €↑
2018
Annual accounts 201873,9 k €↑
2017
Annual accounts 201761,7 k €↑
2016
Annual accounts 201657,1 k €↓
2015
Annual accounts 2015120,4 k €↑
2014
Annual accounts 2014-18,1 k €↓
2013
Annual accounts 2013488 €↓
2012
Annual accounts 2012249,4 k €↑
2011
Annual accounts 2011229,7 k €↑
2010
Annual accounts 201059 k €↑
2009
Annual accounts 2009-1,6 k €↓
2008
Annual accounts 200869,2 k €
05/04/2007
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

S. Project Services

Overview

What does S. Project Services do?

Trend over 18 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