M & T PROJECT
ActiveM & T PROJECT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-12k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
2
/ 100
Critical▼ -62 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-45
Solvency13▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 1.02 in 2024), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7912 sector peers (2025).
NBB · sector comparisonPosition among 7912 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
61 d late
2023
84 d late
2022
86 d late
2021
61 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€68k▼ 15.0%
2024 · €80k
2018: €39k
2019: €34k
2020: €37k
2021: €63k
2022: €71k
2023: €73k
2024: €80k
2018 → 2025
Total assets
€2.63M▲ 5.4%
2024 · €2.50M
2018: €687k
2019: €1.16M
2020: €2.13M
2021: €3.03M
2022: €3.61M
2023: €2.68M
2024: €2.50M
2018 → 2025
Net result
€-12k
2024 · €7k
2018: €30k
2019: €-5k
2020: €3k
2021: €26k
2022: €8k
2023: €2k
2024: €7k
2018 → 2025
Working capital
€-4k
2024 · €52k
2018: €116k
2019: €111k
2020: €121k
2021: €138k
2022: €144k
2023: €61k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€71k▲ 12.2%€73k▲ 2.9%€80k▲ 9.9%€68k▼ 15.0%
Operating result€30k-€10k▼ 65.2%€4k▼ 57.1%€10k▲ 120%€-12k
Net result€26k-€8k▼ 70.0%€2k▼ 73.2%€7k▲ 251%€-12k
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 turns negative in 2025: a loss of €12k after €10k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.63M
Fixed assets
€72k▲ 84.9%
Current assets
€2.56M▲ 4.1%
Equity and liabilities €2.63M
Equity
€68k▼ 15.0%
Debt
€2.56M▲ 6.0%
The debt ratio rises from 96.8% to 97.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-5k▼
2024 · €16k
Cash flow
€-5k▼
2024 · €13k
Solvency
2.6%▼
2024 · 3.2%
Current ratio
1.00▼
2024 · 1.02
Quick ratio
0.54▼
2024 · 0.66
Debt / equity
37.82▲
2024 · 30.30
ROE
-17.7%▼
2024 · 9.0%
ROA
-0.5%▼
2024 · 0.3%
Interest coverage
-86.20▼
2024 · 227.53
Debt
€2.56M▲
2024 · €2.42M
Debt ≤ 1 year
€2.56M▲
2024 · €2.41M
Staff costs
€184k▲
2024 · €122k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.50M€2.63M▲
Fixed assets21/28€39k€72k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€37k€71k▲
Plant, machinery and equipment23€31k€45k▲
Furniture and vehicles24€6k€26k▲
Current assets29/58€2.46M€2.56M▲
Stocks and contracts in progress3€878k€1.18M▲
Stocks30/36€878k€1.18M▲
Amounts receivable within one year40/41€1.22M€1.09M▼
Trade receivables40€1.07M€940k▼
Other amounts receivable41€153k€153k▼
Cash at bank and in hand54/58€360k€287k▼
Equity and liabilities
Total equity and liabilities10/49€2.50M€2.63M▲
Equity10/15€80k€68k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€18k€6k▼
Amounts payable17/49€2.42M€2.56M▲
Amounts payable within one year42/48€2.41M€2.56M▲
Trade debts44€2.37M€2.51M▲
Suppliers440/4€2.37M€2.51M▲
Taxes, remuneration and social security45€30k€44k▲
Taxes450/3€7k€9k▲
Remuneration and social security454/9€23k€35k▲
Other amounts payable47/48€4k€4k▲
Accrued charges and deferred income492/3€11k-
Income statement
Code20242025
Remuneration, social security and pensions62€122k€184k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€477€302▼
Gross operating margin9900€138k€179k▲
Operating profit (loss)9901€10k€-12k▼
Financial charges65/66B€70€54▼
Recurring financial charges65€70€54▼
Profit (loss) for the period before taxes9903€10k€-12k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€7k€-12k▼
Profit (loss) for the period to be appropriated9905€7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€6k▼
Profit (loss) brought forward from the previous period14P€11k€18k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-12k ▼266%
Net result drops to €-12k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 175 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2025
Serdar TAYAR
CurrentDirector · since 01-07-2025
TAYAR Turan
CurrentDirector · since 20-12-2023
YILDIRIM Mirbey
CurrentDirector · since 20-12-2023
10-07-2025
SHABANOV Denis: Resigned as Director
01-07-2025
Serdar TAYAR: Appointed as Director
20-12-2023
TAYAR Turan: Appointed as Director
20-12-2023
YILDIRIM Mirbey: Appointed as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2015
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.
Kielsbroek 42020 AntwerpenGround area
9.7 ha
Building footprint
1.3 ha
Volume, LiDAR
28,480 m³
Parcel 11809I2651/00V000, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
1 establishment unit
Megastore 3
since 20152.247.524.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2651/00V000 | Flanders | 9.7 ha | 1 · 1.3 ha | 10.7 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
Food safety, FASFC
1 siteAntwerpen2.247.524.246
Similar companies · same sector, comparable size
DE PAEPE G.
BE 0450.638.442
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FOOD SHAKERS
BE 0476.416.983
Asse · Eq €67k
DIMAGE
BE 0444.126.079
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FLITO
BE 0473.901.913
Mol · Eq €68k
PEREZ-VIDAL
BE 0427.395.361
Ans · Eq €67k
Of 1,569 companies in sector 46349 we hold annual accounts for 979. 640 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-11-2015
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
46350Wholesale trade
47242Retail sale of chocolate and confectionery
47252Retail sale of beverages, general range
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.