A.M PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of A.M PROJECTS is 1.8% (moderate). The 2025 annual accounts show negative equity (-€191,001) and a net result of -€46,018. Equity is shrinking by ~45.4% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.9 against 10.46 in 2024; short-term debt: 1.2% and cash: 4.4% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-69.9%
Return on assets
-16.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€191,001
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
50 d early
2023
36 d early
2022
32 d early
2021
30 d early
2020
44 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€191,001▼ 31.7%
2024 · -€144,983
Total assets
€273,311▼ 1.7%
2024 · €277,995
Net result
-€46,018▼ 11.7%
2024 · -€41,216
Working capital
€9,415▲ 6.9%
2024 · €8,810
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,386▲ 16.9%€16,477▲ 7.1%€12,425▼ 24.6%€11,310▼ 9.0%€14,015▲ 23.9%
Net result-€19,736▼ 14.1%-€23,968▼ 21.4%-€33,539▼ 39.9%-€41,216▼ 22.9%-€46,018▼ 11.7%
Equity-€46,259▼ 74.4%-€70,227▼ 51.8%-€103,766▼ 47.8%-€144,983▼ 39.7%-€191,001▼ 31.7%
Total assets€320,147▼ 4.4%€309,120▼ 3.4%€293,884▼ 4.9%€277,995▼ 5.4%€273,311▼ 1.7%
Debt€32,485▼ 6.9%€32,573▲ 0.3%€32,530▼ 0.1%€32,931▲ 1.2%€42,388▲ 28.7%
Working capital€9,438▲ 31.2%€12,312▲ 30.5%€11,109▼ 9.8%€8,810▼ 20.7%€9,415▲ 6.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273,311
Fixed assets
€260,653 ▼ 2.8%
Current assets
€12,658 ▲ 29.9%
Key figures and ratios
EBITDA
€28,189▲
2024 · €25,300
Cash flow
-€31,845▼
2024 · -€27,226
Solvency
-69.9%▼
2024 · -52.2%
Current ratio
3.90▼
2024 · 10.46
Debt to equity
-0.22▲
2024 · -0.23
ROA
-16.8%▼
2024 · -14.8%
Interest coverage
0.47▼
2024 · 0.48
Debt ≤ 1 year
€3,243▲
2024 · €931
Debt > 1 year
€39,145▲
2024 · €32,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,496 | €13,990 | €13,990 | €13,990 | €14,174 | ▲ 1.3% |
| Other operating charges640/8 | €2,579 | €2,633 | €2,884 | €2,981 | €3,019 | ▲ 1.3% |
| Gross operating margin9900 | €32,461 | €33,100 | €29,300 | €28,281 | €31,207 | ▲ 10.3% |
| Operating profit (loss)9901 | €15,386 | €16,477 | €12,425 | €11,310 | €14,015 | ▲ 23.9% |
| Financial income75/76B | €0 | €8 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €8 | €0 | €0 | - | - |
| Financial charges65/66B | €35,123 | €40,453 | €45,965 | €52,527 | €60,033 | ▲ 14.3% |
| Recurring financial charges65 | €35,123 | €40,453 | €45,965 | €52,527 | €60,033 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | -€19,736 | -€23,968 | -€33,539 | -€41,216 | -€46,018 | ▼ 11.7% |
| Profit (loss) for the period9904 | -€19,736 | -€23,968 | -€33,539 | -€41,216 | -€46,018 | ▼ 11.7% |
| Profit (loss) for the period to be appropriated9905 | -€19,736 | -€23,968 | -€33,539 | -€41,216 | -€46,018 | ▼ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320,147 | €309,120 | €293,884 | €277,995 | €273,311 | ▼ 1.7% |
| Fixed assets21/28 | €310,225 | €296,235 | €282,244 | €268,254 | €260,653 | ▼ 2.8% |
| Tangible fixed assets22/27 | €310,225 | €296,235 | €282,244 | €268,254 | €260,653 | ▼ 2.8% |
| Land and buildings22 | €310,225 | €296,235 | €282,244 | €268,254 | €260,653 | ▼ 2.8% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €9,923 | €12,886 | €11,639 | €9,741 | €12,658 | ▲ 29.9% |
| Amounts receivable within one year40/41 | €2,917 | €617 | €617 | €572 | €572 | = |
| Other amounts receivable41 | €2,917 | €617 | €617 | €572 | €572 | = |
| Cash at bank and in hand54/58 | €6,768 | €12,010 | €10,747 | €8,894 | €12,086 | ▲ 35.9% |
| Deferred charges and accrued income490/1 | €238 | €258 | €275 | €275 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320,147 | €309,120 | €293,884 | €277,995 | €273,311 | ▼ 1.7% |
| Equity10/15 | -€46,259 | -€70,227 | -€103,766 | -€144,983 | -€191,001 | ▼ 31.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€64,859 | -€88,827 | -€122,366 | -€163,583 | -€209,601 | ▼ 28.1% |
| Provisions and deferred taxes16 | €333,921 | €346,774 | €365,120 | €390,047 | €421,924 | ▲ 8.2% |
| Provisions for liabilities and charges160/5 | €333,921 | €346,774 | €365,120 | €390,047 | €421,924 | ▲ 8.2% |
| Other liabilities and charges164/5 | €333,921 | €346,774 | €365,120 | €390,047 | €421,924 | ▲ 8.2% |
| Amounts payable17/49 | €32,485 | €32,573 | €32,530 | €32,931 | €42,388 | ▲ 28.7% |
| Amounts payable after more than one year17 | €32,000 | €32,000 | €32,000 | €32,000 | €39,145 | ▲ 22.3% |
| Financial debts170/4 | - | - | - | - | €7,145 | - |
| Other amounts payable178/9 | €32,000 | €32,000 | €32,000 | €32,000 | €32,000 | = |
| Amounts payable within one year42/48 | €485 | €573 | €530 | €931 | €3,243 | ▲ 248% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €2,418 | - |
| Financial debts43 | - | €26 | €0 | - | - | - |
| Credit institutions430/8 | - | €26 | €0 | - | - | - |
| Trade debts44 | €0 | €62 | €0 | €446 | €340 | ▼ 23.8% |
| Suppliers440/4 | €0 | €62 | €0 | €446 | €340 | ▼ 23.8% |
| Other amounts payable47/48 | €485 | €485 | €530 | €485 | €485 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,736 | -€23,968 | -€33,539 | -€41,216 | -€46,018 | ▼ 11.7% |
| + Depreciation and write-downs630 | €14,496 | €13,990 | €13,990 | €13,990 | €14,174 | ▲ 1.3% |
| Operating cash flow (approximation) | -€5,241 | -€9,978 | -€19,549 | -€27,226 | -€31,845 | ▼ 17.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€6,572 | - |
| Change in cash | - | €5,243 | -€1,263 | -€1,853 | €3,191 | ▲ 272% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet -€46,018
Net result drops to -€46,018, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 20.46
Current ratio from 3.48 to 20.46; short-term debt falls from €2,896 to €485.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bree · 1 establishment unit since 2016
Ground area
191 m²
Building footprint
149 m²
Volume, LiDAR
1,237 m³
Parcel 72004B1077/00G000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A.M PROJECTS
since 20162.248.731.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B1077/00G000 | Flanders | 191 m² | 1 · 149 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-09-2015
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0638856648
Also
9925:BE0638856648
Registered
22-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.