Equity
€39,836 from €94,622 in 2023
Equity fell by 58% in 1 year.
MJ PROJECTS
Lifetime
5 annual accounts with figures on one time axispeak €85,879 (2021)
€37,830▼ 15.2%
lowest -€54,786 (2024)
-€54,786▼ €58,391
peak €94,622 (2023)
€39,836▼ 57.9%
€296,411▲ 37.5%
Board5 names since 2019
1 director
Documentsfilings and deeds
02-11-2026459 days late
2024micro format
Gross margin from €44,605 to €37,830Loss of €54,786Equity from €94,622 to €39,836Debts from €215,561 to €296,411Cash from €431 to €1,298
Key points
from the 2024 annual accountsResult
-€54,786 -€54,786
From profit to loss in 2024, after a profit of €3,605 in 2023.
Turnover
≈ €200,000 estimated
The micro format states no turnover.
Debts
€296,411 88% of the balance sheet
Financial debts 18%Suppliers 57%Taxes and wages 7%Other 18%
Of this, €286,413 falls due within a year.
Filings
5 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€54,786
Lower net result than 95% of companies in specialised construction. Sector median €9,463 · 36,017 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,134 companies had the same profile as MJ PROJECTS has now. Each dot stands for 3 companies, two years later.
86.3%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,134 companies, not a prediction for MJ 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0735730548
Registered office moved from Lievegem to Bachte-Maria-Leerne
New registered office: Molenhuisstraat 4 te 9800 Bachte-Maria-Leerne · Previous registered office: Nekke 16 A, 9930 Lievegem · General meeting of 30-09-2025 · Gazette deed
1 director appointed, 2 resignations
Resignations: and · Permanent representative: · Appointment: · General meeting of 25-04-2021 · Gazette deed
Registered office moved from Kruisem to Lievegem
New registered office: Nekke 16A, 9930 Lievegem · Previous registered office: Kruiskensstraat 8B, 9750 Kruisem · General meeting of 01-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MJ PROJECTS Deinze | €336,247 | €37,830 | 11.8% | - |
| YFA Brussels | €347,089 | €31,699 | 42.0% | - |
| TDS Isolatie Ghent | €266,668 | €48,136 | 21.5% | - |
| DOSCO Ghent | €249,115 | €53,902 | 42.6% | - |
| SLAVCONSTRUCT Ghent | €383,853 | €58,606 | 19.6% | - |
| Probuild Exterior Mechelen | €278,253 | €41,481 | 53.0% | - |
| ERD GROUP Heusden-Zolder | €338,313 | €55,247 | 41.4% | - |
These companies have the same main activity as MJ PROJECTS: insulation installation (NACE 43230). They are comparable in size and age: total assets between €249,000 and €384,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 04-10-2019Normal situation
- Activity
- Insulation installationNACE 43230and 5 others
- Establishment unit
- 2.297.285.5439800 Deinze, since 04-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on MJ PROJECTS
MJ PROJECTS files the micro format. That format states no turnover. The gross margin fell from €50,388 in 2020 to €37,830 in 2024.
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 MJ PROJECTS
- What is the company number of MJ PROJECTS?
- The company number of MJ PROJECTS is 0735.730.548. The VAT number is the same number with BE in front: BE 0735.730.548.
- Where is MJ PROJECTS based?
- The registered office is at Molenhuisstraat 4, 9800 Deinze.Company details
- What does MJ PROJECTS do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of MJ PROJECTS?
- MJ PROJECTS is a private limited company (BV).
- When was MJ PROJECTS founded?
- MJ PROJECTS was founded on 04-10-2019.
- Is MJ PROJECTS still active?
- Yes, MJ PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MJ PROJECTS?
- The turnover in financial year 2024 is ≈ €200,000. This figure is estimated from the gross margin of €37,830 and 119 comparable companies (NACE 432). It probably lies between €130,000 and €270,000.Financials
- Is MJ PROJECTS profitable?
- In financial year 2024, MJ PROJECTS made a loss of €54,786.
- Where can I find the annual accounts of MJ PROJECTS?
- MJ PROJECTS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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