Result
-€15,198 -€15,198
From profit to loss in 2025, after a profit of €88,753 in 2024.
MAESSEN - PROJECTS
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1991peak €329,942 (2025)
€329,942▲ 10.2%
lowest -€59,128 (2008)
-€15,198▼ €103,951
peak €613,577 (2024)
€598,379▼ 2.5%
€4.2m▲ 129%
peak 0.7 FTE (2016)
-not published
Board8 names since 2017
7 directorsLENZ Monique and 6 others
Owners
25%MA - LEN
Documentsfilings and deeds
31-03-202630 days before the deadline
2025micro format
Loss of €15,198Debts from €1.8m to €4.2mInvestments €2.6mCash from €59,499 to €6,299
Key points
from the 2025 annual accountsTurnover
≈ €380,000 estimated
The micro format states no turnover.
Debts
€4.2m 88% of the balance sheet
Financial debts 76%Suppliers 0%Taxes and wages 0%Other 24%
Of this, €1.0m falls due within a year.
Investments
€2.6m 11.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 104.9% higher than in 2024.
Filings
35 annual accounts since 1991
Two of the last ten came late. The 2024 accounts came latest: 8 days after the end of the period.
Position in the sector
-€15,198
Lower net result than 80% of companies in real estate. Sector median €5,986 · 17,185 companies.
Checked score
89
Excellent
Financially stronger than 39% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.2 percentage points vs 04-2025highest value
06-2025: < 0.1%▼ -0.3 percentage points vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.16, cash €6,299, halved
Equity €598,379 (12.5% of total assets)
lowers risk
Size: total assets €4.8m
Founded in 1990
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 68, small). It does better than 32% of them on solvency, 39% on liquidity, 54% on profitability and 33% 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as MAESSEN - PROJECTS has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAESSEN - PROJECTS itself is lower: 0.2% within 12 months. It rests on far more data about MAESSEN - PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for MAESSEN - PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.16 (0.41 in 2024), below 1. Short-term debt is 21.1% and cash 0.1% of total assets. 87.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
8 days late
2023
1 day late
2022
37 days early
2021
37 days early
2020
43 days early
2019
on the day
← 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 20 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
2 directors appointed
Changes of role: MAESSEN Petrus Albert Joannes, LENZ Monique Jeanne Clemence and MAESSEN Evi · Appointments: MAESSEN Kim Angela Henrietta (managing director) and MAESSEN Ine Simone Petra (managing director) · Capital of €242,000, 975 shares · General meeting of 27-11-2023 · Gazette deed
2 directors appointed, 2 resignations
Change of role: LENZ Monique, from director to chair of the board · Resignations: MAESSEN Evi and MAESSEN Ine · Appointments: MAESSEN Petrus and MAESSEN Evi · General meeting of 27-12-2017 · Gazette deed
First establishment
MAESSEN PROJECTS NV, Molenblookstraat 70, Zutendaal
Incorporation
published on 21-03-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAESSEN - PROJECTS Zutendaal | €4.8m | €329,942 | 12.5% | - |
| STIMAT Hasselt | €4.8m | €380,516 | 92.2% | 0 |
| M.A.G. Houthalen-Helchteren | €4.9m | €381,667 | 25.6% | - |
| FAES BEHEER Lommel | €4.4m | €287,114 | 94.6% | - |
| DUOPLUS Beringen | €5.4m | €281,953 | 27.6% | - |
| JARONAL Ixelles | €4.8m | €315,964 | 17.6% | - |
| Kenimmo Waasmunster | €4.7m | €321,573 | 40.1% | 0 |
These companies have the same main activity as MAESSEN - PROJECTS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €4.4m and €5.4m, founded between 1988 and 1992.
Official details
Source: KBO- Status
- Active since 22-02-1990Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.047.454.0263690 Zutendaal, since 19-03-1990
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2025
- €4.8m▲ 95.7%
- Filing
- Filed on 31-03-2026, 30 days before the end of the filing period
Insights on MAESSEN - PROJECTS
MAESSEN - PROJECTS files the micro format. That format states no turnover. The gross margin rose from €61,799 in 2007 to €329,942 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
In December 2023, the Official Gazette published the appointment of LENZ Monique Jeanne Clemence as managing director.
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 MAESSEN - PROJECTS
- What is the company number of MAESSEN - PROJECTS?
- The company number of MAESSEN - PROJECTS is 0440.264.489. The VAT number is the same number with BE in front: BE 0440.264.489.
- Where is MAESSEN - PROJECTS based?
- The registered office is at Molenblookstraat 70, 3690 Zutendaal.Company details
- What does MAESSEN - PROJECTS do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of MAESSEN - PROJECTS?
- MAESSEN - PROJECTS is a public limited company (NV).
- When was MAESSEN - PROJECTS founded?
- MAESSEN - PROJECTS was founded on 22-02-1990.
- Is MAESSEN - PROJECTS still active?
- Yes, MAESSEN - PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MAESSEN - PROJECTS?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €329,942 and 44 comparable companies (NACE 68201). It probably lies between €330,000 and €430,000.Financials
- Is MAESSEN - PROJECTS profitable?
- In financial year 2025, MAESSEN - PROJECTS made a loss of €15,198.
- Where can I find the annual accounts of MAESSEN - PROJECTS?
- MAESSEN - PROJECTS filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAESSEN - PROJECTS due?
- MAESSEN - PROJECTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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