A&M PROJECTS
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
A&M PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €560,930 and a net result of €346,637. Its solvency ranks better than 72% of 9,368 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
KBO- Status
- Active since 20-07-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Bedrijvenstraat 5860, 3800 Sint-Truiden
- Activity
- General construction of residential buildings NACE 41001and 1 other
- Establishment unit
- 2.348.958.334 3800 Sint-Truiden, since 20-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-06-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €521,416
- ▲ 73.4%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €346,637
- ▲ 64.8%
- Equity
- €560,930
- ▲ 162%
- Total assets
- €887,975
- ▲ 205%
Why 86raises riskFounded in 20231 change of registered office in 24 monthsSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 3.14, cash €522,607Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 72% on solvency, 91% on liquidity, 91% on profitability and 93% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 1 day before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-07-2026
- Format
- micro format
- Reference
- 2026-00355034
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 63% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,127 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,753 | €41,432 | ▲ 90.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,740 | - |
| Other operating charges640/8 | €3,547 | €9,194 | ▲ 159% |
| Non-recurring operating charges66A | - | €500 | - |
| Gross operating margin9900 | €300,662 | €521,416 | ▲ 73.4% |
| Operating profit (loss)9901 | €275,363 | €447,550 | ▲ 62.5% |
| Financial income75/76B | €1,291 | €13,460 | ▲ 942% |
| Recurring financial income75 | €1,291 | €13,460 | ▲ 942% |
| Financial charges65/66B | €2,717 | €3,545 | ▲ 30.5% |
| Recurring financial charges65 | €2,717 | €3,545 | ▲ 30.5% |
| Profit (loss) for the period before taxes9903 | €273,937 | €457,465 | ▲ 67.0% |
| Income taxes67/77 | €63,644 | €110,828 | ▲ 74.1% |
| Profit (loss) for the period9904 | €210,293 | €346,637 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €210,293 | €346,637 | ▲ 64.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €290,753 | €887,975 | ▲ 205% |
| Fixed assets21/28 | €72,364 | €181,047 | ▲ 150% |
| Tangible fixed assets22/27 | €72,364 | €181,047 | ▲ 150% |
| Plant, machinery and equipment23 | €17,772 | €26,868 | ▲ 51.2% |
| Furniture and vehicles24 | €54,592 | €154,179 | ▲ 182% |
| Current assets29/58 | €218,389 | €706,928 | ▲ 224% |
| Stocks and contracts in progress3 | - | €1,000 | - |
| Stocks30/36 | - | €1,000 | - |
| Amounts receivable within one year40/41 | €93,877 | €170,319 | ▲ 81.4% |
| Trade receivables40 | €56,144 | €102,299 | ▲ 82.2% |
| Other amounts receivable41 | €37,733 | €68,020 | ▲ 80.3% |
| Cash at bank and in hand54/58 | €119,436 | €522,607 | ▲ 338% |
| Deferred charges and accrued income490/1 | €5,076 | €13,002 | ▲ 156% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €290,753 | €887,975 | ▲ 205% |
| Equity10/15 | €214,293 | €560,930 | ▲ 162% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €210,293 | €556,930 | ▲ 165% |
| Amounts payable17/49 | €76,460 | €327,044 | ▲ 328% |
| Amounts payable after more than one year17 | €23,150 | €62,103 | ▲ 168% |
| Financial debts170/4 | €23,150 | €62,103 | ▲ 168% |
| Amounts payable within one year42/48 | €53,310 | €224,930 | ▲ 322% |
| Current portion of amounts payable after more than one year42 | €17,236 | €37,233 | ▲ 116% |
| Trade debts44 | €0 | €37,643 | - |
| Suppliers440/4 | €0 | €37,643 | - |
| Taxes, remuneration and social security45 | €33,644 | €148,592 | ▲ 342% |
| Taxes450/3 | €33,644 | €144,472 | ▲ 329% |
| Remuneration and social security454/9 | €0 | €4,120 | - |
| Other amounts payable47/48 | €2,431 | €1,462 | ▼ 39.9% |
| Accrued charges and deferred income492/3 | - | €40,011 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €210,293 | €346,637 | ▲ 64.8% |
| + Depreciation and write-downs630 | €21,753 | €41,432 | ▲ 90.5% |
| Operating cash flow (approximation) | €232,046 | €388,069 | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | -€150,115 | - |
| Change in cash | - | €403,171 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €179 awarded · €179 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| ARSAEV Ayndi Khamitovitsj |
|
| Makaev Said-Akhmed |
|
| MAKAEV Saïd-Akmed |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”“Algemene kosten los van representatie-,reis- en verplaatsingskosten, vaste of evenredige vergoeding”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 25-07-2023
Owners and capital
Capital and shareholders
- ARSAEV Ayndi Khamitovitsj 50 shares (50%) · €2,000
- MAKAEV Saïd-Akhmed Magomedovitch 50 shares (50%) · €2,000
- 25-07-2023 Incorporation · €4,000 · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam met WVV-vermeldingen, aandeelhouders mogen kennis nemen betreffende hun effecten”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid van aantal aandelen in bezit, ter kennis van aandeelhouders per e-mail of,zonder e-mailadres,per gewone post op zelfde…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 25-07-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 30-09-2024
- Registered-office move, Bedrijvenstraat 5860 te 3800 Sint-Truiden
29-11
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 17-11-2023
- Registered-office move, Augustijnenstraat 4,3800 Sint-Truiden
25-07
Gazette deed
IncorporationAppointments: ARSAEV Ayndi Khamitovitsj (director) and MAKAEV Saïd-Akmed (director) · Founder · Founding capital12 facts ▸
- Incorporation, “A&M PROJECTS” (deed in Dutch)
- Founder, ARSAEV Ayndi Khamitovitsj
- Founder, MAKAEV Saïd-Akhmed Magomedovitch
- Founding capital, €4,000
- Bank account, “bijzondere rekening, BE66 1431 2411 5443” (deed in Dutch)
- Declaration, “bevestiging deponering”, EUR (deed in Dutch)
- Registered office clause, “3800 Sint-Truiden,René Lambrechtsstraat 33” (deed in Dutch)
- Board rule, 2
- Director appointment, ARSAEV Ayndi Khamitovitsj (director (not named in the articles))
- Director appointment, MAKAEV Saïd-Akmed (director (not named in the articles))
- Other provision, “geen verzet of beroepsverbod, niet getroffen door besluit dat zich verzet of enig beroepsverbod” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.168.701
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouw van residentiële gebouwen; Optrekken van de ruwbouw van individuele huizen; Optrekken van de ruwbouw van gebouwen; Plaatsen…”
63 activities
- Algemene bouw van residentiële gebouwen
- Optrekken van de ruwbouw van individuele huizen
- Optrekken van de ruwbouw van gebouwen
- Plaatsen van dakbedekking van ongeacht welk materiaal
- Plaatsen van dakgoten en regenafvoerbuizen
- Waterdicht maken van daken en dakterrassen
- Waterdichtingswerken van muren
- Optrekken van de ruwbouw van individuele huizen
- Algemene bouw van kantoorgebouwen
- Bouw van daken
- Dakwerkzaamheden
- Bouw van civieltechnische werken,n.e.g.
- Bouw van speel-en sportterreinen,zwembaden,enz.
- Slopen van gebouwen en andere bouwwerken
- Ruimen van bouwterreinen
- Elektrotechnische installatiewerken aan gebouwen
- Elektrotechnische installatiewerken,uitgezonderd aan gebouwen
- Onderneming voor het uitvoeren van voegwerken
- Onderneming voor het optrekken en afbreken van steigers en werkplatforms
- Loodgieterswerk
- Installatie in gebouwen en andere bouwwerken van: loodgieterswerk en sanitaire applicaties,gasleidingen en aansluitingen m.u.v. gasleidingen voor verwarmingssystemen,waterleidingen,brandblusinstallaties,enz.
- Installatie van verwarming,klimaatregeling en ventilatie
- Installatie in gebouwen en andere bouwwerken van: verwarmingssystemen op elektriciteit,gas of stookolie,verwarmingsketels en leidingen voor ventilatie en klimaatregeling,enz.
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enz. in hout of kunststof
- Isolatiewerkzaamheden
- Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen
- Isolatie van koelkamers en-pakhuizen
- Aanbrengen in gebouwen en andere bouwwerken van: - thermisch isolatiemateriaal – isolatiemateriaal tegen geluid en trillingen
- Overige bouwinstallatie,n.e.g
- Installatie van stores en zonneschermen
- Stukadoorswerk
- Aanbrengen van pleister-en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen-of buitenzijde van gebouwen en andere bouwwerken
- Schrijnwerk
- Montage van buiten-en binnenschrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Montage van buiten-en binnenschrijnwerk van metaal: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Plaatsen van vloer- en wandtegels
- Aanbrengen in gebouwen en andere bouwwerken van: vloer- of wandtegels van keramische stoffen,beton of gehouwen steen,vloerbedekking en wandbekleding van terrazzo marmer,graniet of lei,enz.
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen in gebouwen en andere bouwwerken van: parket en andere houten vloerbedekking,wandbekleding van hout
- Schilderen van gebouwen
- Schilderen van het binnen-en buitenwerk van gebouwen
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g.
- Restaureren van bouwwerken
- Gevelreiniging door middel van zandstralen,met behulp van stoom,enz.
- Overige gespecialiseerde bouwwerkzaamheden
- Algemene reiniging van gebouwen
- Reinigen van het interieur van allerlei gebouwen: kantoren,fabrieken,werkplaatsen,allerlei commerciële gebouwen,appartementsgebouwen,enz.
- Andere Reinigingsactiviteiten
- Landschapsverzorging
- Overige bouwinstallatie
- Overige installaties (inclusief accessoires),n.e.g
- Overige zakelijke dienstverlening
- Handelsbemiddeling gespecialiseerd in overige goederen
- Tussenpersoon in de handel
- Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de borgstelling,de uitbetaling,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,de procuratie en het makelen in onroerende goederen evenals alle werkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van de onroerende leasing.
- Onderneming voor het beheer van eigen beleggingen en vermogens
- Participatie in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere; de verwerving van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopoptie,verhandeling,of op iedere andere wijze.
- Het verlenen van bijstand,advies en leiding aan de ondernemingen waarin zij deelneemt en aan derden,al dan niet bezoldigd,van alle bijstand,hetzij technisch,industrieel,commercieel of administratief,hetzij financieel,met inbegrip van de borgstelling,avalgeving of inpandgeving van onroerende goederen.
- Het uitbaten van consultancy-onderneming in de meest ruime zin van het woord.
- De onderneming kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuursfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar zaakvoerder of elke andere derde vertegenwoordiger,die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- A&M PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Kan,bij enkel besluit van het bestuursorgaan,administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen in…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Tuesday of June at 18:00
Articles of association, deed of 25-07-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71009A0049/00M000 | Flanders | 2.8 ha | 1 · 1.4 ha | 11.9 m · 3 |
| 71053G0205/00W042 | Flanders | 130 m² | 1 · 85 m² | 10.0 m · 2 |