Equity
€47,292 ▲ 52.2%
AM Projects has made a profit in every financial year since 2023.
AM Projects
Overview
Lifetime
3 annual accounts with figures on one time axispeak €26,684 (2025)
€26,684▲ 20.5%
peak €16,225 (2025)
€16,225▲ 33.5%
peak €47,292 (2025)
€47,292▲ 52.2%
€26,864▲ 25.5%
Board1 name since 2022
1 directorMARTENS Arnaud
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from €22,141 to €26,684Result from €12,149 to €16,225Equity from €31,067 to €47,292Debts from €21,410 to €26,864Cash from €19,302 to €37,537
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 70% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.6%▼ -0.1 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.6 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.64, cash €37,537
Figures for financial year 2025 (filed on 23-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 59% of them on solvency, 76% on liquidity, 65% on profitability and 81% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as AM Projects has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AM Projects itself is lower: 0.1% within 12 months. It rests on far more data about AM Projects than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for AM Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.64 (2.29 in 2024), above the usual 1.5. Short-term debt is 35.5% and cash 50.6% of total assets. 36.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
26 days early
2023
15 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved to Merelbeke-Melle
New registered office: Yuccastraat 12 9090 Merelbeke Melle · Previous registered office: Blaisantvest 11/102, 9000Gent · Board meeting of 02-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779675409
Incorporation
Founding capital of €6,000, 100 shares · Founder: MARTENS Arnaud · Appointment: MARTENS Arnaud (director) · published on 06-01-2022 · Gazette deed
First establishment
Blaisantvest 11, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AM Projects Merelbeke-Melle | €74,156 | €26,684 | 63.8% | - |
| ELAND CONSULTING Beveren-Kruibeke-Zwijndrecht | €68,232 | €28,249 | 3.3% | - |
| Groprosus Lokeren | €78,135 | €24,871 | 36.2% | - |
| AVDB Management & Consulting Kruisem | €66,810 | €25,412 | 32.1% | - |
| Moscos Ghent | €82,630 | €25,619 | 46.4% | - |
| Metis Partnerships Ghent | €73,877 | €29,644 | 64.7% | - |
| BRANDY & EVE Oosterzele | €77,172 | €30,389 | 86.6% | - |
These companies have the same main activity as AM Projects: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €66,800 and €82,600, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 04-01-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.326.030.1089000 Ghent, since 04-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Annual accounts 2025
- €26,684▲ 20.5%
- €16,225▲ 33.5%
- €47,292▲ 52.2%
- €74,156▲ 41.3%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on AM Projects
AM Projects files the micro format. That format states no turnover. The gross margin rose from €19,359 in 2023 to €26,684 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadline€26,684
▲ 20.5%
€24,425
▲ 19.3%
€16,225
▲ 33.5%
€43,214
▲ 61.3%
63.8%
▲ 4.6 percentage points
2.64
▲ 0.35
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €78,000. Estimated: probably between €46,000 and €110,000.
Balance sheet
balance sheet total €74,156 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
63.8%
Higher than 58% of 39,368 companies in 2025.
2.64
Higher than 58% of 38,051 companies in 2025.
21.9%
Higher than 61% of 38,523 companies in 2025.
AM Projects
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
74,156 | 52,477 | 45,458 | |
21/28 |
4,608 | 4,977 | 1,332 | |
22/27 |
4,588 | 4,977 | 1,332 | |
23 |
2,760 | 2,540 | - | |
24 |
1,828 | 2,437 | 1,332 | |
28 |
20 | - | - | |
29/58 |
69,548 | 47,500 | 44,126 | |
40/41 |
31,137 | 27,386 | 44,070 | |
40 |
27,818 | 20,764 | 44,035 | |
41 |
3,318 | 6,622 | 35 | |
54/58 |
37,537 | 19,302 | 56 | |
490/1 |
875 | 812 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
74,156 | 52,477 | 45,458 | |
10/15 |
47,292 | 31,067 | 18,918 | |
10/11 |
6,000 | 6,000 | 6,000 | |
13 |
28,374 | 12,149 | - | |
133 |
28,374 | 12,149 | - | |
14 |
12,918 | 12,918 | 12,918 | |
17/49 |
26,864 | 21,410 | 26,540 | |
42/48 |
26,334 | 20,706 | 26,540 | |
44 |
2,743 | 3,993 | 7,858 | |
440/4 |
2,743 | 3,993 | 7,858 | |
45 |
23,592 | 16,713 | 11,674 | |
450/3 |
23,592 | 16,713 | 9,755 | |
454/9 |
- | - | 1,919 | |
47/48 |
- | - | 7,008 | |
492/3 |
530 | 704 | - | |
| Income statement | ||||
9900 |
26,684 | 22,141 | 19,359 | |
630 |
2,043 | 1,286 | 91 | |
640/8 |
217 | 387 | 732 | |
9901 |
24,425 | 20,468 | 18,537 | |
75/76B |
380 | 638 | - | |
75 |
380 | 638 | - | |
65/66B |
849 | 629 | 119 | |
65 |
849 | 629 | 119 | |
9903 |
23,956 | 20,477 | 18,418 | |
67/77 |
7,732 | 8,328 | 5,500 | |
9904 |
16,225 | 12,149 | 12,918 | |
9905 |
16,225 | 12,149 | 12,918 | |
| Appropriation of the result | ||||
9906 |
29,142 | 25,067 | 12,918 | |
14P |
12,918 | 12,918 | - | |
691/2 |
16,225 | 12,149 | - | |
6921 |
16,225 | 12,149 | - | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 26,468 | 21,754 | 18,628 | ||
| 18,267 | 13,435 | 13,009 | ||
| 1,674 | 4,931 | 1,423 | ||
| 18,235 | 19,246 | - | ||
| 43,214 | 26,794 | 17,586 | ||
| 63.8% | 59.2% | 41.6% | ||
| 2.64 | 2.29 | 1.66 | ||
| 0.57 | 0.69 | 1.40 | ||
| 34.3% | 39.1% | 68.3% | ||
| 21.9% | 23.2% | 28.4% | ||
| 31.19 | 34.59 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,654 | €4,931 | €1,423 |
| Financial fixed assets | €20 | - | - |
| €2,043 | €1,286 | €91 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on AM Projects
The operating result for 2025 is 19% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 40.8% to 36.2%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector
since 03-01-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €473 in 2025
- Source
- deed of 06-01-2022
Articles of association
deed of 06-01-2022 (in Dutch)- Name, seat, purpose and duration
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers,ook bij weigering erfgenaam of legataris…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”
- General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 15:00
- Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Beslissing algemene vergadering op elk moment met WVV vormvereisten aanwezigheidsquorum en meerderheid”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag een of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, ontbinding en vereffening in een…”
Shareholders
At incorporation
deed of 06-01-2022 ↗
- MARTENS Arnaud 100 shares (100%) · €6,000 in cash
Network & group
No group
AM Projects has no parent and no holdings in its annual accounts. MARTENS Arnaud is the only director.
Earlier ties
| NEXT QUEST VENTURES via MARTENS Arnaud, no longer at NEXT QUEST VENTURES · Director · deed of 02-03-2021 No longer active |
total assets €2.5m (2025) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
8 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered office moved to Merelbeke-MelleNew registered office: Yuccastraat 12 9090 Merelbeke Melle · Previous registered office: Blaisantvest 11/102, 9000Gent · Board meeting of 02-04-20262 points ▸
- Board meeting, 02-04-2026
- Registered-office move, Yuccastraat 12 9090 Merelbeke Melle
Annual accounts 2025 filed NBBmicro format · 8 days before the deadline
2025
Highest result from 2023 to 2025 net €16,225 ▲33.5% The operating result of €24,425 and the net result of €16,225 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0779675409
Annual accounts 2024 filed PDFmicro format · 26 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 15 days late
2022
IncorporationFounding capital of €6,000, 100 shares · Founder: MARTENS Arnaud · Appointment: MARTENS Arnaud (director) · published on 06-01-20225 points ▸
- Founder, MARTENS Arnaud
- Founding capital, €6,000, 100 shares
- Registered office clause, Blaisantvest 11 bus 102, 9000 Gent
- Board rule, 1
- Director appointment, MARTENS Arnaud
- The deed holds 3 more points.
First establishment Blaisantvest 11, Ghent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 4 January 2022, AM Projects was incorporated as a private limited company by one natural person, with a starting capital of €6,000.12 In 2026 the registered office moved to Merelbeke-Melle.3 MARTENS Arnaud has served as director since 2022.4 Total assets went from €45,458 in 2023 to €74,156 in 2025.5
Company details
Identity
- Enterprise number
- 0779.675.409
- VAT number
- BE 0779.675.409
- Peppol ID
- 0208:0779675409
- Other Peppol ID
- 9925:BE0779675409
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-01-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 15:00deed of 06-01-2022 (in Dutch)
- Peppol
- Reachable since 31-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- AM Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-01-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- AM Projectsdeed of 06-01-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 06-01-2022 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
64200
Holdings
66199
Activities auxiliary to financial services and insurance activities
70100
Activities of head offices
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Verlenen van bijstand en professioneel advies of delen van expertise aan bedrijven,privépersonen en instellingen in welbepaalde domeinen…”deed of 06-01-2022 (in Dutch)
8 activities
- Verlenen van bijstand en professioneel advies of delen van expertise aan bedrijven,privépersonen en instellingen in welbepaalde domeinen zoals maar niet beperkt tot management,opleiding,boekhouding,thesaurie,fiscaliteit,recht,human resources,marketing,Public relations,financiën,dit alles in de meest ruime zin;
- Verlenen van advies en praktische hulp aan,en coaching van,bedrijven,hun bestuurders en aangestelde in verband met financiën,boekhouding,investeringsbeslissingen,beleidsvoering,interne controle,belastingen,overnames,opleidingen etc.;
- Verlenen van adviezen en hulp aan het bedrijfsleven op het gebied van planning,organisatie,strategie en dergelijk meer;
- Maken van haalbaarheidsstudies,het verstrekken van advies en management bijstand in het bijzonder voor de start ups,import en export;
- Delen van expertise voor educatieve doeleinden of netwerkorganisaties;
- Als tussenpersoon optreden om alle hulpmiddelen te verschaffen,bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt;
- Aankopen en verkopen,in-en uitvoeren,de commissiehandel en vertegenwoordiging van om het even welk product niet verboden bij de wet;
- Beleggen van vermogens,het beheer van onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de huur en verhuring van deze goederen,alsmede de borgstelling voor de goede afloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Yuccastraat 12 registered office 9090 Merelbeke-Melle | ||
| Blaisantvest 11 9000 Ghent 62200 Computer consultancy and computer facilities management | 04-01-2022 | 2.326.030.108 |
Buildings and parcels at the addresses
- Ground area
- 5,980 m²
- Buildings
- 932 m²
- Volume, LiDAR
- 41 m³
- Tallest building
- 2.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44807G0085/02C002 | 5,620 m² | 1 · 832 m² | 1.6 m |
| 44402A0552/00N000 | 360 m² | 1 · 99 m² | 2.9 m |
Contact
E-mail
martensarnaud@outlook.com
Phone
+32 472 40 51 10