M PROJET
ActiveSummary
M PROJET has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €68. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+45
Solvency33=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.8 in 2023; short-term debt: 39.2% and cash: 22.3% of total assets), and 91.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
8.1%
Return on assets
0%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
36 d early
2022
28 d early
2021
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 0.2%
2023 · €37k
Total assets
€457k▼ 3.6%
2023 · €474k
Net result
€68
2023 · €-23k
Working capital
€-34k▲ 3.3%
2023 · €-35k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€-16k-€8k€-18k€5k
Net result€-24k-€-3k▲ 89.1%€-23k▼ 781%€68
Equity€-14k-€-17k▼ 18.4%€37k€37k▲ 0.2%
Total assets€685k-€668k▼ 2.4%€474k▼ 29.1%€457k▼ 3.6%
Debt€699k-€685k▼ 2.0%€411k▼ 40.0%€394k▼ 4.1%
Working capital€-125k-€-190k▼ 52.1%€-35k▲ 81.6%€-34k▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €18k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €457k
Fixed assets
€312k ▼ 5.6%
Current assets
€145k ▲ 1.1%
Equity and liabilities €457k
Equity
€37k ▲ 0.2%
Provisions
€26k =
Debt
€394k ▼ 4.1%
Debt's share of the balance-sheet total falls from 86.8% to 86.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2023 · €850
Cash flow
€19k▲
2023 · €-5k
Current ratio
0.81▲
2023 · 0.80
Debt to equity
10.65▼
2023 · 11.13
ROE
0.2%▲
2023 · -63.3%
ROA
0.0%▲
2023 · -4.9%
Interest coverage
4.78▲
2023 · 0.15
Debt ≤ 1 year
€179k▲
2023 · €178k
Debt > 1 year
€215k▼
2023 · €232k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €30k | €19k | €19k | = |
| Other operating charges640/8 | €695 | €2k | €4k | €3k | ▼ 34.9% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | - |
| Gross operating margin9900 | €871 | €40k | €5k | €26k | ▲ 406% |
| Operating profit (loss)9901 | €-16k | €8k | €-18k | €5k | ▲ 128% |
| Financial charges65/66B | €8k | €11k | €6k | €5k | ▼ 13.3% |
| Recurring financial charges65 | €8k | €11k | €6k | €5k | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €-24k | €-3k | €-23k | €68 | ▲ 100% |
| Profit (loss) for the period9904 | €-24k | €-3k | €-23k | €68 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €-3k | €-23k | €68 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €685k | €668k | €474k | €457k | ▼ 3.6% |
| Fixed assets21/28 | €617k | €648k | €330k | €312k | ▼ 5.6% |
| Tangible fixed assets22/27 | €617k | €648k | €330k | €312k | ▼ 5.6% |
| Land and buildings22 | €617k | €648k | €330k | €312k | ▼ 5.6% |
| Current assets29/58 | €68k | €20k | €143k | €145k | ▲ 1.1% |
| Amounts receivable within one year40/41 | €140 | - | - | €43k | - |
| Trade receivables40 | - | - | - | €43k | - |
| Other amounts receivable41 | €140 | - | - | - | - |
| Cash at bank and in hand54/58 | €67k | €20k | €143k | €102k | ▼ 28.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €685k | €668k | €474k | €457k | ▼ 3.6% |
| Equity10/15 | €-14k | €-17k | €37k | €37k | ▲ 0.2% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Reserves13 | - | - | €77k | €77k | = |
| Tax-exempt reserves132 | - | - | €77k | €77k | = |
| Profit (loss) carried forward14 | €-24k | €-27k | €-50k | €-50k | ▲ 0.1% |
| Provisions and deferred taxes16 | - | - | €26k | €26k | = |
| Deferred taxes168 | - | - | €26k | €26k | = |
| Amounts payable17/49 | €699k | €685k | €411k | €394k | ▼ 4.1% |
| Amounts payable after more than one year17 | €506k | €475k | €232k | €215k | ▼ 7.5% |
| Financial debts170/4 | €506k | €475k | €232k | €215k | ▼ 7.5% |
| Amounts payable within one year42/48 | €193k | €210k | €178k | €179k | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €31k | €32k | €17k | €17k | ▲ 2.0% |
| Trade debts44 | - | €2k | €978 | €978 | = |
| Suppliers440/4 | - | €2k | €978 | €978 | = |
| Taxes, remuneration and social security45 | - | €2k | €1k | €1k | ▲ 4.4% |
| Taxes450/3 | - | €2k | €1k | €1k | ▲ 4.4% |
| Other amounts payable47/48 | €161k | €174k | €159k | €159k | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €-3k | €-23k | €68 | ▲ 100% |
| + Depreciation and write-downs630 | €17k | €30k | €19k | €19k | = |
| Operating cash flow (approximation) | €-8k | €28k | €-5k | €19k | ▲ 486% |
| Investment in fixed assets (approximation) | - | €-61k | €299k | €0 | ▼ 100% |
| Change in cash | - | €-47k | €123k | €-41k | ▼ 134% |
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
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €68
Net result €68 after 3 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2020
Ground area
254 m²
Building footprint
89 m²
Volume, LiDAR
940 m³
Parcel 21818A0211/00V003, Brussels · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
M PROJET
since 20202.333.941.249
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0211/00V003 | Brussels | 254 m² | 1 · 89 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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IMMOLAERS
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EK REAL INVEST
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DE MARQUIS
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 2,763 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
Founded27-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.