AM Projects
ActiveSummary
AM Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €16k. Equity is growing by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-2
Solvency89▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.29 in 2024; short-term debt: 35.5% and cash: 50.6% of total assets), and 36.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.8%
Return on assets
21.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
26 d early
2023
15 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▲ 52.2%
2024 · €31k
2023: €19klowest in 3 years
2024: €31k▲ +64.2% vs 2023
2025: €47k▲ +52.2% vs 2024highest in 3 years
2023 → 2025
Total assets
€74k▲ 41.3%
2024 · €52k
2023: €45klowest in 3 years
2024: €52k▲ +15.4% vs 2023
2025: €74k▲ +41.3% vs 2024highest in 3 years
2023 → 2025
Net result
€16k▲ 33.5%
2024 · €12k
2023: €13k
2024: €12k▼ -6.0% vs 2023lowest in 3 years
2025: €16k▲ +33.5% vs 2024highest in 3 years
2023 → 2025
Working capital
€43k▲ 61.3%
2024 · €27k
2023: €18klowest in 3 years
2024: €27k▲ +52.4% vs 2023
2025: €43k▲ +61.3% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€19k-€31k▲ 64.2%€47k▲ 52.2%
2023: €19klowest in 3 years
2024: €31k▲ +64.2% vs 2023
2025: €47k▲ +52.2% vs 2024highest in 3 years
Operating result€19k-€20k▲ 10.4%€24k▲ 19.3%
2023: €19klowest in 3 years
2024: €20k▲ +10.4% vs 2023
2025: €24k▲ +19.3% vs 2024highest in 3 years
Net result€13k-€12k▼ 6.0%€16k▲ 33.5%
2023: €13k
2024: €12k▼ -6.0% vs 2023lowest in 3 years
2025: €16k▲ +33.5% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€5k ▼ 7.4%
Current assets
€70k ▲ 46.4%
Equity and liabilities €74k
Equity
€47k ▲ 52.2%
Debt
€27k ▲ 25.5%
Debt's share of the balance-sheet total falls from 40.8% to 36.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2024 · €22k
Cash flow
€18k▲
2024 · €13k
Current ratio
2.64▲
2024 · 2.29
Debt to equity
0.57▼
2024 · 0.69
ROE
34.3%▼
2024 · 39.1%
ROA
21.9%▼
2024 · 23.2%
Interest coverage
31.19▼
2024 · 34.59
Debt ≤ 1 year
€26k▲
2024 · €21k
Income taxes
€8k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€52k€74k▲
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€2k€2k▼
Financial fixed assets28-€20
Current assets29/58€48k€70k▲
Amounts receivable within one year40/41€27k€31k▲
Trade receivables40€21k€28k▲
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€19k€38k▲
Deferred charges and accrued income490/1€812€875▲
Equity and liabilities
Total equity and liabilities10/49€52k€74k▲
Equity10/15€31k€47k▲
Contributions10/11€6k€6k=
Reserves13€12k€28k▲
Distributable reserves133€12k€28k▲
Profit (loss) carried forward14€13k€13k=
Amounts payable17/49€21k€27k▲
Amounts payable within one year42/48€21k€26k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€17k€24k▲
Taxes450/3€17k€24k▲
Accrued charges and deferred income492/3€704€530▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€387€217▼
Gross operating margin9900€22k€27k▲
Operating profit (loss)9901€20k€24k▲
Financial income75/76B€638€380▼
Recurring financial income75€638€380▼
Financial charges65/66B€629€849▲
Recurring financial charges65€629€849▲
Profit (loss) for the period before taxes9903€20k€24k▲
Income taxes67/77€8k€8k▼
Profit (loss) for the period9904€12k€16k▲
Profit (loss) for the period to be appropriated9905€12k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€29k▲
Profit (loss) brought forward from the previous period14P€13k€13k=
Transfer to equity691/2€12k€16k▲
To other reserves6921€12k€16k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91 | €1k | €2k | ▲ 58.8% |
| Other operating charges640/8 | €732 | €387 | €217 | ▼ 43.9% |
| Gross operating margin9900 | €19k | €22k | €27k | ▲ 20.5% |
| Operating profit (loss)9901 | €19k | €20k | €24k | ▲ 19.3% |
| Financial income75/76B | - | €638 | €380 | ▼ 40.5% |
| Recurring financial income75 | - | €638 | €380 | ▼ 40.5% |
| Financial charges65/66B | €119 | €629 | €849 | ▲ 34.9% |
| Recurring financial charges65 | €119 | €629 | €849 | ▲ 34.9% |
| Profit (loss) for the period before taxes9903 | €18k | €20k | €24k | ▲ 17.0% |
| Income taxes67/77 | €6k | €8k | €8k | ▼ 7.2% |
| Profit (loss) for the period9904 | €13k | €12k | €16k | ▲ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €13k | €12k | €16k | ▲ 33.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45k | €52k | €74k | ▲ 41.3% |
| Fixed assets21/28 | €1k | €5k | €5k | ▼ 7.4% |
| Tangible fixed assets22/27 | €1k | €5k | €5k | ▼ 7.8% |
| Plant, machinery and equipment23 | - | €3k | €3k | ▲ 8.7% |
| Furniture and vehicles24 | €1k | €2k | €2k | ▼ 25.0% |
| Financial fixed assets28 | - | - | €20 | - |
| Current assets29/58 | €44k | €48k | €70k | ▲ 46.4% |
| Amounts receivable within one year40/41 | €44k | €27k | €31k | ▲ 13.7% |
| Trade receivables40 | €44k | €21k | €28k | ▲ 34.0% |
| Other amounts receivable41 | €35 | €7k | €3k | ▼ 49.9% |
| Cash at bank and in hand54/58 | €56 | €19k | €38k | ▲ 94.5% |
| Deferred charges and accrued income490/1 | - | €812 | €875 | ▲ 7.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45k | €52k | €74k | ▲ 41.3% |
| Equity10/15 | €19k | €31k | €47k | ▲ 52.2% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Reserves13 | - | €12k | €28k | ▲ 134% |
| Distributable reserves133 | - | €12k | €28k | ▲ 134% |
| Profit (loss) carried forward14 | €13k | €13k | €13k | = |
| Amounts payable17/49 | €27k | €21k | €27k | ▲ 25.5% |
| Amounts payable within one year42/48 | €27k | €21k | €26k | ▲ 27.2% |
| Trade debts44 | €8k | €4k | €3k | ▼ 31.3% |
| Suppliers440/4 | €8k | €4k | €3k | ▼ 31.3% |
| Taxes, remuneration and social security45 | €12k | €17k | €24k | ▲ 41.2% |
| Taxes450/3 | €10k | €17k | €24k | ▲ 41.2% |
| Remuneration and social security454/9 | €2k | - | - | - |
| Other amounts payable47/48 | €7k | - | - | - |
| Accrued charges and deferred income492/3 | - | €704 | €530 | ▼ 24.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €12k | €16k | ▲ 33.5% |
| + Depreciation and write-downs630 | €91 | €1k | €2k | ▲ 58.8% |
| Operating cash flow (approximation) | €13k | €13k | €18k | ▲ 36.0% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | ▲ 66.1% |
| Change in cash | - | €19k | €18k | ▼ 5.3% |
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
03-09
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- Board meeting, 02-04-2026
- Registered-office move, Yuccastraat 12 9090 Merelbeke Melle
- Director in office, Arnaud Martens (director)
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €16k ▲33.5%
Operating result €24k, net result €16k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2022
Ground area
5,980 m²
Building footprint
932 m²
Volume, LiDAR
18 m³
2 parcels, Flanders · tallest building 1.6 m. Linked by address, not a title deed.
1 establishment unit
AM Projects
since 20222.326.030.108
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0085/02C002 | Flanders | 5,620 m² | 1 · 832 m² | 1.6 m |
| 44402A0552/00N000 | Flanders | 360 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other provisions of the articles (1)
- Other statement
Similar companies · same sector, comparable size
NG CONSULT
BE 0860.627.055
Sint-Pieters-Woluwe · Eq €47,293
KEY ORG Consulting
BE 0860.915.481
Chaumont-Gistoux · Eq €47,290
4Helice
BE 0763.928.547
Celles (lez-Tournai) · Eq €47,294
H-AP
BE 0682.911.474
Antwerpen · Eq €47,289
HDE Conseils
BE 1005.329.873
Spa · Eq €47,295
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,870 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70100Activities of head offices
Contact
E-mail
martensarnaud@outlook.com
Phone
0472405110
Scores and ratios are computed by Checked and are not a credit decision.