MAKE A PROJECT
ActiveSummary
MAKE A PROJECT has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,158 and a net result of €28,933. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 27% of 8,566 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €126,158
- Profit
- €28,933
Why 89raises riskLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskSize: total assets €545,447Founded in 2015Figures for financial year 2025 (filed 01-09-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 28% on solvency, 54% on liquidity, 47% on profitability and 51% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 19 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Equity above €100,000equity €122,512 ▲27.8%
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479582.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 31% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.8% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,609 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,995 | €15,071 | €12,202 | €10,684 | €16,491 | €21,574 | €24,710 | €28,221 | ▲ 14.2% |
| Other operating charges640/8 | - | - | - | €697 | €445 | €4,293 | €1,800 | €2,909 | ▲ 61.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €163 | - | €2,200 | - |
| Gross operating margin9900 | €34,858 | €32,038 | €18,604 | €21,901 | €55,630 | €121,529 | €102,900 | €85,745 | ▼ 16.7% |
| Operating profit (loss)9901 | €15,275 | €15,458 | €5,677 | €10,520 | €38,693 | €95,499 | €76,389 | €52,415 | ▼ 31.4% |
| Financial income75/76B | - | - | - | - | - | €235 | €58 | €434 | ▲ 654% |
| Recurring financial income75 | €27 | €21 | €7 | - | - | €235 | €58 | €434 | ▲ 654% |
| Financial charges65/66B | - | - | - | €662 | €2,691 | €8,098 | €8,664 | €8,033 | ▼ 7.3% |
| Recurring financial charges65 | €1,094 | €551 | €438 | €662 | €2,691 | €8,098 | €8,664 | €8,033 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | €14,208 | €14,928 | €5,245 | €9,858 | €36,002 | €87,636 | €67,783 | €44,816 | ▼ 33.9% |
| Income taxes67/77 | €5,848 | €6,325 | €3,783 | €3,844 | €9,582 | €24,782 | €20,675 | €15,883 | ▼ 23.2% |
| Profit (loss) for the period9904 | €8,360 | €8,604 | €1,462 | €6,014 | €26,421 | €62,853 | €47,108 | €28,933 | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €8,360 | €8,604 | €1,462 | €6,014 | €26,421 | €62,853 | €47,108 | €28,933 | ▼ 38.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €111,272 | €106,259 | €110,234 | €139,106 | €367,614 | €539,227 | €498,937 | €545,447 | ▲ 9.3% |
| Fixed assets21/28 | €49,083 | €36,036 | €30,440 | €66,475 | €295,639 | €395,769 | €375,287 | €436,874 | ▲ 16.4% |
| Intangible fixed assets21 | €4,333 | €333 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €42,500 | €33,453 | €28,190 | €64,225 | €293,389 | €393,519 | €373,037 | €434,624 | ▲ 16.5% |
| Land and buildings22 | - | - | - | - | €241,242 | €341,136 | €337,174 | €328,340 | ▼ 2.6% |
| Furniture and vehicles24 | - | - | - | €56,418 | €45,360 | €34,323 | €20,071 | €92,762 | ▲ 362% |
| Other tangible fixed assets26 | - | - | - | €7,807 | €6,788 | €18,061 | €15,791 | €13,522 | ▼ 14.4% |
| Financial fixed assets28 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | = |
| Current assets29/58 | €62,189 | €70,223 | €79,794 | €72,632 | €71,974 | €143,457 | €123,650 | €108,573 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €34,716 | €49,212 | €60,846 | €42,559 | €53,708 | €52,966 | €32,398 | €36,725 | ▲ 13.4% |
| Trade receivables40 | - | - | - | €42,317 | €50,048 | €52,272 | €27,362 | €28,722 | ▲ 5.0% |
| Other amounts receivable41 | - | - | - | €242 | €3,661 | €694 | €5,036 | €8,003 | ▲ 58.9% |
| Cash at bank and in hand54/58 | €26,918 | €18,279 | €11,363 | €29,230 | €16,756 | €87,219 | €90,427 | €70,153 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | - | - | €843 | €1,510 | €3,272 | €825 | €1,694 | ▲ 105% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €111,272 | €106,259 | €110,234 | €139,106 | €367,614 | €539,227 | €498,937 | €545,447 | ▲ 9.3% |
| Equity10/15 | €54,042 | €61,846 | €62,508 | €47,504 | €78,010 | €95,864 | €122,512 | €126,158 | ▲ 3.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,600 | €20,460 | - | - | - |
| Reserves13 | €41,642 | €49,446 | €50,108 | €35,104 | €59,410 | €75,404 | €122,512 | €126,158 | ▲ 3.0% |
| Non-distributable reserves130/1 | - | - | - | €35,104 | €59,410 | €75,404 | €122,512 | €126,158 | ▲ 3.0% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Other1319 | - | - | - | €33,244 | €57,550 | €75,404 | €122,512 | €126,158 | ▲ 3.0% |
| Amounts payable17/49 | €57,230 | €44,413 | €47,726 | €91,603 | €289,603 | €443,363 | €376,425 | €419,289 | ▲ 11.4% |
| Amounts payable after more than one year17 | €30,336 | €21,378 | €12,298 | €41,227 | €233,690 | €299,232 | €274,849 | €319,848 | ▲ 16.4% |
| Financial debts170/4 | - | - | - | €41,227 | €233,690 | €299,232 | €274,849 | €319,848 | ▲ 16.4% |
| Amounts payable within one year42/48 | €26,894 | €23,036 | €35,428 | €50,376 | €55,913 | €131,530 | €101,576 | €93,241 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,881 | €11,964 | €24,042 | €24,383 | €28,153 | ▲ 15.5% |
| Trade debts44 | €90 | €5,960 | €2,976 | €428 | €1,248 | €22,921 | €10,619 | - | - |
| Suppliers440/4 | - | - | - | €428 | €1,248 | €22,921 | €10,619 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €8,428 | €11,637 | €20,603 | €12,332 | €12,869 | ▲ 4.4% |
| Taxes450/3 | - | - | - | €5,928 | €9,137 | €18,103 | €9,832 | €10,369 | ▲ 5.5% |
| Remuneration and social security454/9 | - | - | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Other amounts payable47/48 | - | - | - | €29,639 | €31,065 | €63,966 | €54,242 | €52,220 | ▼ 3.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €12,600 | - | €6,200 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,360 | €8,604 | €1,462 | €6,014 | €26,421 | €62,853 | €47,108 | €28,933 | ▼ 38.6% |
| + Depreciation and write-downs630 | €15,995 | €15,071 | €12,202 | €10,684 | €16,491 | €21,574 | €24,710 | €28,221 | ▲ 14.2% |
| Operating cash flow (approximation) | €24,355 | €23,675 | €13,664 | €16,697 | €42,912 | €84,428 | €71,819 | €57,153 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | -€2,024 | -€6,606 | -€46,718 | -€245,656 | -€121,704 | -€4,228 | -€89,808 | ▼ 2,024% |
| Change in cash | - | -€8,639 | -€6,916 | €17,867 | -€12,474 | €70,463 | €3,209 | -€20,274 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00479582 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00406753 |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00396179 |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00335659 |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20304568 |
| 31-12-2020 | micro format | 16-08-2021 | 2021-49200308 |
| 31-12-2019 | micro format | 29-07-2020 | 2020-36200248 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54100102 |
| 31-12-2017 | micro format | 14-08-2018 | 2018-45700600 |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43500008 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 03-04-2023 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 1 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
03-04
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsPurpose change · Capital conversion · Board composition9 facts ▸
- General meeting, 08-03-2023
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “conformément aux formes et majorités de la modification des statuts, suppression compte de capitaux propres statutairement indisponible créé en application de l…” (deed in French)
- Board composition, LAGASSE Julie (director)
- Capital
- Power of attorney
- Other provision, “confirmation administrateur, gérant actuel en qualité d'administrateur” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652E0285/00W003 | Brussels | 328 m² | 1 · 120 m² | 15.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Les conseils et l’assistance aux entreprises et aux services publics en matière de planification,d’organisation,de recherche de rendement,de…” (deed in French)
17 activities (deed in French)
- Les conseils et l’assistance aux entreprises et aux services publics en matière de planification,d’organisation,de recherche de rendement,de contrôle,d’information,de gestion,etcetera
- La surveillance,coordination et planification de projets et de travaux de construction
- Les études techniques et activités d’ingénierie
- La conception et la réalisation de projets intéressant le génie électrique et électronique,le génie minier,le génie chimique,le génie mécanique,le génie industriel,l’ingénierie des systèmes,les techniques de sécurité,etcetera
- L’élaboration de projets comportant des activités ayant trait au génie civil ou de bâtiment,au génie hydraulique et à la technique de trafic
- Le contrôle des calculs des éléments de construction
- Le conseil technique,les activités d’architecture et d’ingénierie
- La conception de bâtiments et l’établissement de plans
- La conduite des opérations,de gros entretien des bâtiments
- Le calcul du métré des ouvrages
- Le calcul des coûts et des profits des mesures proposées en matière de planification,d’organisation et de rendement,etcetera
- Le conseil pour les affaires et le management
- Les autres conseils pour les affaires et le management
- L’expertise,au conseil,à l’assistance à la maîtrise d’ouvrage
- La gestion de projets
- La médiation civile et commerciale,familiale et sociale
- Toutes activités liées au secteur Horeca
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAKE A PROJECT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “1°/ de modifier le texte de l'article 3 des statuts relatif à l’objet, et d’y rajouter le texte suivant : « toutes activités liées au…”“Article 16.- Représentation - Actes et actions judiciaires. La société est représentée dans les actes, y compris ceux où interviennent un…”
Full text
Article 16.- Représentation - Actes et actions judiciaires. La société est représentée dans les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel et en justice par un administrateur agissant seul. Elle est en outre valablement engagée par des mandataires spéciaux dans les limites de leurs mandats.
- Board ruleHow the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment des frais de représentation voyages et déplacements, un ou plusieurs administrateurs” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Actions dont la cession est proposée, indifférente” (deed in French)“Refus d'agrément d'une cession entre vifs, opposition devant le Président du Tribunal des Entreprises du siège siégeant comme en référé” (deed in French)“Valeur d'actif net des actions du défunt résultant des derniers comptes annuels approuvés, valeur des actions transmises nonobstant clause…” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Autorisation, aux dates et conditions qu'il fixera” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 19:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Les plus étendus articles 2:87 et suivants CSA, administrateurs en fonction agissant en comité de liquidation” (deed in French)