MA PROJECTS
ActiveSummary
MA PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €76k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency26=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.5%
Return on assets
26.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 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 27-03-2026, 126 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
126 d early
2024
31 d early
2023
149 d early
2022
5 d early
2021
2 d early
2020
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k=
2024 · €2k
2020: €70k
2021: €141k▲ +103% vs 2020
2022: €219k▲ +55.3% vs 2021highest in 6 years
2023: €2k▼ -99.3% vs 2022lowest in 6 years
2024: €2k● 0.0% vs 2023lowest in 6 years
2025: €2k● 0.0% vs 2024lowest in 6 years
2020 → 2025
Total assets
€284k▲ 27.3%
2024 · €223k
2020: €89klowest in 6 years
2021: €187k▲ +110% vs 2020
2022: €276k▲ +48.0% vs 2021
2023: €288k▲ +4.5% vs 2022highest in 6 years
2024: €223k▼ -22.5% vs 2023
2025: €284k▲ +27.3% vs 2024
2020 → 2025
Net result
€76k▼ 5.0%
2024 · €80k
2020: €68k
2021: €71k▲ +4.9% vs 2020
2022: €78k▲ +9.1% vs 2021
2023: €56k▼ -28.5% vs 2022lowest in 6 years
2024: €80k▲ +43.6% vs 2023highest in 6 years
2025: €76k▼ -5.0% vs 2024
2020 → 2025
Working capital
€2k▲ 4.7%
2024 · €2k
2020: €70k
2021: €141k▲ +103% vs 2020
2022: €219k▲ +55.3% vs 2021highest in 6 years
2023: €2k▼ -99.3% vs 2022lowest in 6 years
2024: €2k● 0.0% vs 2023lowest in 6 years
2025: €2k▲ +4.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€219k▲ 55.3%€2k▼ 99.3%€2k=€2k=
2021: €141k
2022: €219k▲ +55.3% vs 2021highest in 5 years
2023: €2k▼ -99.3% vs 2022lowest in 5 years
2024: €2k● 0.0% vs 2023lowest in 5 years
2025: €2k● 0.0% vs 2024lowest in 5 years
Operating result€90k-€98k▲ 9.4%€71k▼ 27.7%€102k▲ 43.5%€97k▼ 5.1%
2021: €90k
2022: €98k▲ +9.4% vs 2021
2023: €71k▼ -27.7% vs 2022lowest in 5 years
2024: €102k▲ +43.5% vs 2023highest in 5 years
2025: €97k▼ -5.1% vs 2024
Net result€71k-€78k▲ 9.1%€56k▼ 28.5%€80k▲ 43.6%€76k▼ 5.0%
2021: €71k
2022: €78k▲ +9.1% vs 2021
2023: €56k▼ -28.5% vs 2022lowest in 5 years
2024: €80k▲ +43.6% vs 2023highest in 5 years
2025: €76k▼ -5.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €284k
Equity
€2k =
Debt
€283k ▲ 27.5%
Debt's share of the balance-sheet total rises from 99.3% to 99.5%. Debt is higher.
Key figures and ratios
Current ratio
1.01▼
2024 · 1.01
ROA
26.7%▼
2024 · 35.8%
Debt ≤ 1 year
€283k▲
2024 · €222k
Income taxes
€20k▼
2024 · €20k
A ratio outside any meaningful range has been withheld (balance sheet total €284k, equity €2k).
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 · 2025 against 2024 · 30 lines
Balance sheet
Code20242025
Assets
Total assets20/58€223k€284k▲
Current assets29/58€223k€284k▲
Amounts receivable within one year40/41€17k€16k▼
Trade receivables40€17k€16k▼
Other amounts receivable41€25€486▲
Cash at bank and in hand54/58€204k€266k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€223k€284k▲
Equity10/15€2k€2k=
Contributions10/11€2k€2k=
Amounts payable17/49€222k€283k▲
Amounts payable within one year42/48€222k€283k▲
Trade debts44€638€679▲
Suppliers440/4€638€679▲
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Other amounts payable47/48€212k€274k▲
Accrued charges and deferred income492/3-€71
Income statement
Code20242025
Other operating charges640/8€678€699▲
Gross operating margin9900€103k€97k▼
Operating profit (loss)9901€102k€97k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€100k€95k▼
Income taxes67/77€20k€20k▼
Profit (loss) for the period9904€80k€76k▼
Profit (loss) for the period to be appropriated9905€80k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€76k▼
Profit to be distributed694/7€80k€76k▼
Return on contributions (dividend)694€80k€76k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €348 | €348 | €1k | €678 | €699 | ▲ 3.2% |
| Gross operating margin9900 | €90k | €98k | €72k | €103k | €97k | ▼ 5.1% |
| Operating profit (loss)9901 | €90k | €98k | €71k | €102k | €97k | ▼ 5.1% |
| Financial charges65/66B | €60 | €286 | €720 | €1k | €1k | ▼ 18.5% |
| Recurring financial charges65 | €60 | €286 | €720 | €1k | €1k | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €90k | €98k | €70k | €100k | €95k | ▼ 4.9% |
| Income taxes67/77 | €18k | €20k | €15k | €20k | €20k | ▼ 4.5% |
| Profit (loss) for the period9904 | €71k | €78k | €56k | €80k | €76k | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €71k | €78k | €56k | €80k | €76k | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187k | €276k | €288k | €223k | €284k | ▲ 27.3% |
| Current assets29/58 | €187k | €276k | €288k | €223k | €284k | ▲ 27.3% |
| Amounts receivable within one year40/41 | €16k | €25k | €21k | €17k | €16k | ▼ 3.1% |
| Trade receivables40 | €16k | €25k | €15k | €17k | €16k | ▼ 5.9% |
| Other amounts receivable41 | - | - | €5k | €25 | €486 | ▲ 1,813% |
| Cash at bank and in hand54/58 | €170k | €251k | €265k | €204k | €266k | ▲ 30.0% |
| Deferred charges and accrued income490/1 | €80 | €83 | €2k | €2k | €2k | ▲ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187k | €276k | €288k | €223k | €284k | ▲ 27.3% |
| Equity10/15 | €141k | €219k | €2k | €2k | €2k | = |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €139k | €217k | - | - | - | - |
| Distributable reserves133 | €139k | €217k | - | - | - | - |
| Amounts payable17/49 | €46k | €57k | €287k | €222k | €283k | ▲ 27.5% |
| Amounts payable within one year42/48 | €46k | €57k | €287k | €222k | €283k | ▲ 27.5% |
| Trade debts44 | €732 | €5k | €6k | €638 | €679 | ▲ 6.4% |
| Suppliers440/4 | €732 | €5k | €6k | €638 | €679 | ▲ 6.4% |
| Taxes, remuneration and social security45 | €45k | €47k | €8k | €9k | €8k | ▼ 7.9% |
| Taxes450/3 | €45k | €47k | €8k | €9k | €8k | ▼ 7.9% |
| Other amounts payable47/48 | - | €4k | €273k | €212k | €274k | ▲ 29.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €71 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €78k | €56k | €80k | €76k | ▼ 5.0% |
| Operating cash flow (approximation) | €71k | €78k | €56k | €80k | €76k | ▼ 5.0% |
| Change in cash | - | €81k | €14k | €-61k | €61k | ▲ 200% |
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
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €80k ▲43.6%
Operating result €102k, net result €80k, both a record.
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €56k ▼28.5%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €219k ▲55.3%
3 profitable years in a row build equity to €219k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €141k ▲103%
2 profitable years in a row build equity to €141k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Braine-l'Alleud · 1 establishment unit since 2019
Ground area
680 m²
Building footprint
118 m²
Volume, LiDAR
605 m³
Parcel 25078A0706/00N002, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MA PROJECTS
since 20192.296.762.931
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078A0706/00N002 | Wallonia | 680 m² | 1 · 118 m² | 7.2 m · 2 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.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 237 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
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.