Equity
-€860
Debts exceed assets in financial year 2025.
M2 PROJECTS
Lifetime
7 annual accounts with figures on one time axispeak €1,782 (2022)
€1,654▲ 117%
lowest -€4,401 (2019)
€449▲ €600
peak €1,799 (2019)
-€860▲ €449
€218,809▲ 14.2%
Board4 names since 2018
2 directorsHELON Femke and 1 other
Owners
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €763 to €1,654Back to profit: €449Registered office moved within Lokeren 15-07Equity from -€1,309 to -€860
Key points
from the 2025 annual accountsTurnover
≈ €21,000 estimated
The accounts state no turnover.
Debts
€218,809 100% of the balance sheet
After one year 83%Within one year 17%
Of this, €36,809 falls due within a year.
Liquidity
0.30 was 0.86 in 2024
Short-term debts rose from €9,533 to €36,809.
Filings
7 annual accounts 1 late
The 2023 accounts came 30 days late. The other six were filed on time.
Position in the sector
-0.4%
Lower solvency than 90% of companies in construction of buildings. Sector median 38.6% · 2,816 companies.
Checked score
38
Weak
Financially stronger than 38% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.5%▼ -0.1 percentage points vs 12-2024
02-2025: 3.0%▼ -0.5 percentage points vs 01-2025
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 3.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.0%▼ -0.1 percentage points vs 04-2025
06-2025: 2.9%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 3.3%▲ +0.4 percentage points vs 06-2025
08-2025: 7.0%▲ +3.7 percentage points vs 07-2025highest value
09-2025: 5.5%▼ -1.5 percentage points vs 08-2025
10-2025: 5.5%● unchanged vs 09-2025
11-2025: 5.5%● unchanged vs 10-2025
12-2025: 5.5%● unchanged vs 11-2025
01-2026: 5.5%● unchanged vs 12-2025
02-2026: 5.5%● unchanged vs 01-2026
03-2026: 5.5%● unchanged vs 02-2026
04-2026: 5.8%▲ +0.3 percentage points vs 03-2026
05-2026: 6.4%▲ +0.6 percentage points vs 04-2026
06-2026: 6.2%▼ -0.2 percentage points vs 05-2026
07-2026: 5.8%▼ -0.4 percentage points vs 06-2026
08-2026: 5.6%▼ -0.2 percentage points vs 07-2026
09-2026: 6.1%▲ +0.5 percentage points vs 08-2026
10-2026: 4.9%▼ -1.2 percentage points vs 09-2026
11-2026: 4.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 0.30, cash €416
1 change of registered office in 24 months
Negative equity -€860
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 41, micro). It does better than 11% of them on solvency, 45% on liquidity, 23% on profitability and 73% 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 elevated class on 30-06-2025, 6.3% 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).
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.3 (0.86 in 2024), below 1. Short-term debt is 16.9% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2816 sector peers (2025).
NBB · sector comparisonPosition among 2816 sector peers
Solvency
better than 10%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 days early
2024
on the day
2023
30 days late
2022
20 days early
2021
19 days early
2020
29 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Model Deco consolidatesequity €0 (2026) · annual accounts 2023
Shares in 1 company, MODEL DECO
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0713550113
Registered office moved within Lokeren
New registered office: Heyerstraat 27, 9160 Lokeren · Previous registered office: Schoolstraat 68, 9160 Lokeren · Board meeting of 04-06-2025 · Gazette deed
Company renamed from Hüus & Co to M2 PROJECTS
Registered office moved from Zele to Lokeren · New registered office: Schoolstraat 68, 9160 Lokeren · Previous registered office: Poldergotestraat 2 bus B, 9240 Zele · General meeting of 05-11-2019 · Gazette deed
Incorporation
Founders: HELON Femke, MOUTON Wouter, MOUTON Gerd and 1 other · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointments: HELON Femke, MOUTON Wouter, MOUTON Gerd and DE BAERE Jozefien Johanna Diederik · published on 19-11-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M2 PROJECTS Lokeren | €217,949 | €1,654 | -0.4% | - |
| SISI-IMMO-DEAL Overijse | €244,134 | €1,849 | -6.9% | - |
| HELLINCKX INVESTMENT Aalst | €216,014 | -€2,023 | 41.0% | - |
| Easyliving Wonen Ghent | €218,941 | -€560 | 26.4% | - |
| PDVA Ghent | €236,083 | €1,311 | 9.3% | - |
| Binlu Leopoldsburg | €309,467 | €1,564 | 57.9% | - |
| BT-CONCEPT Herentals | €153,860 | €2,028 | 59.4% | - |
These companies have the same main activity as M2 PROJECTS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €154,000 and €309,000, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 14-11-2018Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.282.217.2859160 Lokeren, since 14-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 23-07-2025
Annual accounts 2025
- €217,949▲ 14.6%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on M2 PROJECTS
M2 PROJECTS files the abbreviated format. That format states no turnover. The gross margin rose from -€3,234 in 2019 to €1,654 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M2 PROJECTS
- What is the company number of M2 PROJECTS?
- The company number of M2 PROJECTS is 0713.550.113. The VAT number is the same number with BE in front: BE 0713.550.113.
- Where is M2 PROJECTS based?
- The registered office is at Heyerstraat 27, 9160 Lokeren.Company details
- What does M2 PROJECTS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of M2 PROJECTS?
- M2 PROJECTS is a private limited company (BV).
- When was M2 PROJECTS founded?
- M2 PROJECTS was founded on 14-11-2018.
- Is M2 PROJECTS still active?
- Yes, M2 PROJECTS is an active enterprise in the KBO register.
- What is the turnover of M2 PROJECTS?
- The turnover in financial year 2025 is ≈ €21,000. This figure is estimated from the gross margin of €1,654 and 75 comparable companies (NACE 41001). It probably lies between €9,700 and €40,000. It is a rough estimate.Financials
- Is M2 PROJECTS profitable?
- In financial year 2025, M2 PROJECTS made a profit of €449.
- Where can I find the annual accounts of M2 PROJECTS?
- M2 PROJECTS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M2 PROJECTS due?
- M2 PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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