M2M PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of M2M PROJECTS is 2.1% (moderate). The 2024 annual accounts show negative equity (-€180,688) and a net result of -€6,409. Equity is shrinking by ~8.1% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,980 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,852 | €20,447 | €13,890 | €13,890 | €13,890 | = |
| Other operating charges640/8 | - | €526 | €1,476 | €2,412 | €2,133 | ▼ 11.6% |
| Gross operating margin9900 | -€1,138 | €9,641 | €21,445 | €10,641 | €9,721 | ▼ 8.6% |
| Operating profit (loss)9901 | -€42,588 | -€11,332 | €6,078 | -€5,661 | -€6,302 | ▼ 11.3% |
| Financial charges65/66B | - | €4,250 | €4,121 | €99 | €107 | ▲ 7.7% |
| Recurring financial charges65 | €4,542 | €4,250 | €4,121 | €99 | €107 | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | -€47,130 | -€15,583 | €1,957 | -€5,760 | -€6,409 | ▼ 11.3% |
| Income taxes67/77 | €117 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€47,247 | -€15,583 | €1,957 | -€5,760 | -€6,409 | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | -€47,247 | -€15,583 | €1,957 | -€5,760 | -€6,409 | ▼ 11.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,391 | €72,622 | €56,096 | €41,940 | €27,780 | ▼ 33.8% |
| Fixed assets21/28 | €92,917 | €72,470 | €55,560 | €41,670 | €27,780 | ▼ 33.3% |
| Tangible fixed assets22/27 | €92,917 | €72,470 | €55,560 | €41,670 | €27,780 | ▼ 33.3% |
| Land and buildings22 | - | €69,450 | €55,560 | €41,670 | €27,780 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €1,036 | - | - | - | - |
| Furniture and vehicles24 | - | €1,983 | - | - | - | - |
| Current assets29/58 | €4,474 | €153 | €536 | €270 | - | - |
| Amounts receivable within one year40/41 | €1,617 | €153 | €153 | - | - | - |
| Other amounts receivable41 | - | €153 | €153 | - | - | - |
| Cash at bank and in hand54/58 | €2,857 | - | €383 | €270 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,391 | €72,622 | €56,096 | €41,940 | €27,780 | ▼ 33.8% |
| Equity10/15 | -€154,894 | -€170,476 | -€168,519 | -€174,279 | -€180,688 | ▼ 3.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€161,094 | -€176,676 | -€174,719 | -€180,479 | -€186,888 | ▼ 3.6% |
| Amounts payable17/49 | €252,285 | €243,099 | €224,615 | €216,219 | €208,468 | ▼ 3.6% |
| Amounts payable after more than one year17 | €214,899 | €194,345 | €215,400 | €205,400 | €193,400 | ▼ 5.8% |
| Financial debts170/4 | - | €82,345 | - | - | - | - |
| Other amounts payable178/9 | - | €112,000 | €215,400 | €205,400 | €193,400 | ▼ 5.8% |
| Amounts payable within one year42/48 | €36,086 | €47,454 | €9,215 | €10,819 | €15,068 | ▲ 39.3% |
| Current portion of amounts payable after more than one year42 | - | €18,998 | - | - | - | - |
| Financial debts43 | - | €494 | - | - | €169 | - |
| Credit institutions430/8 | - | €494 | - | - | €169 | - |
| Trade debts44 | €4,359 | - | - | - | €476 | - |
| Suppliers440/4 | - | - | - | - | €476 | - |
| Other amounts payable47/48 | - | €27,962 | €9,215 | €10,819 | €14,423 | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | €1,300 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,247 | -€15,583 | €1,957 | -€5,760 | -€6,409 | ▼ 11.3% |
| + Depreciation and write-downs630 | €20,852 | €20,447 | €13,890 | €13,890 | €13,890 | = |
| Operating cash flow (approximation) | -€26,395 | €4,864 | €15,847 | €8,130 | €7,481 | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | €0 | €3,020 | €0 | €0 | - |
| Change in cash | - | - | - | -€113 | - | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D1020/00D002 | Flanders | 1,478 m² | 1 · 269 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.