M-Projects

Active

Private limited companyfounded 20223 yrs activeVoorkempenlaan 14, 2900 Schoten, BelgiumKBO/BCE: BE 0791.508.419

Summary

M-Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €16k. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 36% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

70 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▼-16

Solvency65▲+8

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.8 against 0.74 in 2023; short-term debt: 19.6% and cash: 8.9% of total assets), and 60% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

40%

Return on assets

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

37 d early

2023

55 d early

2022

28 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€82k▲ 25.0%

2023 · €66k

2022: €23k 2023: €66k

2022 → 2024

Total assets

€205k▲ 1.1%

2023 · €203k

2022: €38k 2023: €203k

2022 → 2024

Net result

€16k▼ 61.6%

2023 · €43k

2022: €20k 2023: €43k

2022 → 2024

Working capital

€-8k▲ 49.8%

2023 · €-16k

2022: €23k 2023: €-16k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€23k-€66k▲ 185%€82k▲ 25.0%

Operating result€28k-€60k▲ 114%€25k▼ 57.6%

Net result€20k-€43k▲ 113%€16k▼ 61.6%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 58% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €205k

84.4%

15.6%

Fixed assets €173k ▲ 11.0%

Current assets €32k ▼ 31.7%

Equity and liabilities €205k

40.0%

60.0%

Equity €82k ▲ 25.0%

Debt €123k ▼ 10.3%

Debt's share of the balance-sheet total falls from 67.6% to 60.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€71k▼

2023 · €85k

Cash flow

€62k▼

2023 · €68k

Current ratio

0.80▲

2023 · 0.74

Debt to equity

1.50▼

2023 · 2.09

ROE

20.0%▼

2023 · 65.0%

ROA

8.0%▼

2023 · 21.0%

Interest coverage

16.76▼

2023 · 26.10

Debt ≤ 1 year

€40k▼

2023 · €63k

Debt > 1 year

€83k▲

2023 · €74k

Income taxes

€5k▼

2023 · €14k

Staff costs

€15k▲

2023 · €4k

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 · 2024 against 2023 · 47 lines

Balance sheet Code20232024

Assets

Total assets20/58€203k€205k▲

Fixed assets21/28€156k€173k▲

Tangible fixed assets22/27€154k€172k▲

Plant, machinery and equipment23€22k€33k▲

Furniture and vehicles24€133k€138k▲

Financial fixed assets28€1k€1k=

Current assets29/58€47k€32k▼

Amounts receivable within one year40/41€43k€11k▼

Trade receivables40€43k€11k▼

Current investments50/53€4k-

Cash at bank and in hand54/58-€18k

Deferred charges and accrued income490/1-€3k

Equity and liabilities

Total equity and liabilities10/49€203k€205k▲

Equity10/15€66k€82k▲

Contributions10/11€3k€3k=

Outside capital11€3k-

Other1109/19€3k-

Reserves13€63k€79k▲

Non-distributable reserves130/1€300€300=

Reserves not available under the articles1311€300€300=

Distributable reserves133€62k€79k▲

Amounts payable17/49€137k€123k▼

Amounts payable after more than one year17€74k€83k▲

Financial debts170/4€74k€83k▲

Amounts payable within one year42/48€63k€40k▼

Current portion of amounts payable after more than one year42€27k€32k▲

Trade debts44€7k€122▼

Suppliers440/4€7k€122▼

Taxes, remuneration and social security45€29k€6k▼

Taxes450/3€29k€6k▼

Other amounts payable47/48-€2k

Income statement Code20232024

Remuneration, social security and pensions62€4k€15k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€45k▲

Other operating charges640/8€991€1k▲

Gross operating margin9900€90k€87k▼

Operating profit (loss)9901€60k€25k▼

Financial income75/76B€97€146▲

Recurring financial income75€97€146▲

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€57k€21k▼

Income taxes67/77€14k€5k▼

Profit (loss) for the period9904€43k€16k▼

Profit (loss) for the period to be appropriated9905€43k€16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€43k€16k▼

Transfer to equity691/2€43k€16k▼

To other reserves6921€43k€16k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €16k ▼61.6%

Net result drops to €16k, the lowest in the series.

06-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2022net €43k ▲113%

Operating result €60k, net result €43k, both a record.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Schoten · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Voorkempenlaan 142900 Schoten

Ground area

761 m²

Building footprint

124 m²

Volume, LiDAR

23 m³

Parcel 11442C0308/00H012, Flanders · tallest building 6.4 m. Linked by address, not a title deed.

1 establishment unit

M-Projects

Voorkempenlaan 14, 2900 SchotenConstruction of residential and non-residential buildings

since 20222.336.470.177

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11442C0308/00H012	Flanders	761 m²	1 · 124 m²	6.4 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Recognised contractor

9 categories

M-Projects BV45103

category B1, class 1 · category C, class 1 · category C1, class 1 · category C2, class 1 · category C3, class 1 · category C5, class 1 · category D1, class 1 · category G3, class 1 · category G5, class 1

decision 10-06-2025

Similar companies · same sector, comparable size

Sint-Jans-Molenbeek · Eq €81,869

ATELIER LINÉA ARCHITECTS, société d’architectes

BE 0697.889.363

Huy · Eq €82,019

ATELIER D'ARCHITECTURE NS81

Sint-Jans-Molenbeek · Eq €82,108

Of 18,255 companies in sector 71111 we hold annual accounts for 6,321. 5,477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-09-2022

Fiscal year end31-12

Activities, NACEBEL 2025

71111Activities of building architects

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:nickminne@m-projects.eu

Enterprise