Checked.be
Active
BE 0738.744.872Private limited companyOpen bankruptcy
M PROJECT
Maststraat 1 ·3920 Lommel, Belgium· 6 yrs active
Sector: Specialised construction
(43211)
Conclusion
A bankruptcy procedure is open for M PROJECT according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €18k and a net result of €9k.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €18k |
| Net result | €9k |
| Better than sector | 13% |
| Active | 6 yrs |
Snowflake analysis
33
/ 100
Fragile profile — watch health in particular.
Health
0
Profitability
100
Solvency
15
Growth
50
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview
Annual accounts filed on 30-07-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 43 — Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.1% | 35.4% | |
| Net result | €9k | €13k | |
| Equity | €18k | €22k | |
| Gross operating margin | €39k | €31k | |
| Staff costs | €792 | €20k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2023 |
|---|---|
| Revenue | — |
| EBITDA | €33k |
| Net profit | €9k |
| Cash flow | €16k |
| Staff costs | €792 |
| Income taxes | — |
| Dividends | — |
| Total assets | €301k |
| Equity | €18k |
| Debt | €282k |
| of which ≤ 1y | €228k |
| of which > 1y | €54k |
| Working capital | €1k |
| Employees (FTE) | — |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.01 |
| Quick ratio | 0.67 |
| Working capital ratio | 0.4% |
| Solvency | 6.1% |
| Debt / equity | 15.29 |
| Long-term debt ratio | 2.94 |
| Interest coverage | 1.77 |
| Gross margin | — |
| Net margin | — |
| ROA | 2.9% |
| ROE | 48.0% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €301k |
| Fixed assets | 21/28 | €72k |
| Intangible fixed assets | 21 | €5k |
| Tangible fixed assets | 22/27 | €67k |
| Current assets | 29/58 | €229k |
| Stocks & contracts in progress | 3 | €76k |
| Amounts receivable within one year | 40/41 | €112k |
| Cash & bank | 54/58 | €143 |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €301k |
| Equity | 10/15 | €18k |
| Contributions / capital | 10/11 | €2k |
| Reserves | 13 | €17k |
| Amounts payable | 17/49 | €282k |
| Amounts payable after one year | 17 | €54k |
| Amounts payable within one year | 42/48 | €228k |
| Trade debts payable within one year | 44 | €158k |
| Income statement | ||
| Gross operating margin | 9900 | €39k |
| Operating result | 9901 | €26k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €19k |
| Result before taxes | 9903 | €9k |
| Net result for the period | 9904 | €9k |
| Result to be appropriated | 9905 | €9k |
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | LIES DEWAEL ZOUTLEEUWSTRAAT 52, 3404 ATTEN-
HOVEN |
06-02-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Specialised construction(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 04-12-2019 |
| Status | Active |
| Postal code | 3920 |
| First BS signal | 12-02-2025 |
| Latest BS signal | 12-02-2025 |
Company structure — linked entities
Mandates
Establishment units
M PROJECT
since 20192.296.792.130
M PROJECT
since 20202.309.974.034
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1399/00G011 | Flanders | 1,729 m² | 1 · 80 m² | 7.0 m · 2 fl. |
| 72342A1241/00S032 | Flanders | 859 m² | 1 · 101 m² | — |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
12-02-2025
Bankruptcy
Opening
2024
30-07-2024
NBB filing
Annual accounts filed
2023
28-07-2023
NBB filing
Annual accounts filed
2022
06-07-2022
NBB filing
Annual accounts filed
2021
07-07-2021
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
12-02-2025
Bankruptcy
Opening
Time machine — BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Schrijnwerk43320Schrijnwerk43320
Primary activity highlighted.
Names & trade names
| Legal nameNL | M PROJECT |
Registered office
Maststraat 1
3920 Lommel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies
ELECTRICITEITSWERKEN GIELEN
BE 0432.193.693 · Lommel
Acelek
BE 0419.901.122 · Tremelo
AD ELEC
BE 0423.759.742 · Overijse
ALVO - ELEK
BE 0438.882.438 · Overijse
Artinar
BE 0407.654.079 · Nieuwerkerken (Limb.)