ML³ PROJECT
ActiveSummary
ML³ PROJECT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,409 and a net result of -€4,769. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-4
Solvency69▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.68 in 2024; short-term debt: 56.1% and cash: 1.8% of total assets), but 56.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.9%
Return on assets
-2.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€4,769
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 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
11 d early
2023
23 d early
2022
27 d early
2021
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€573,375
EBIT margin
19.1%
Net result
-€4,769▼ 56.5%
2024 · -€3,048
Working capital
€74,409▼ 6.0%
2024 · €79,179
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€573,375
Operating result-€6,317--€5,364▲ 15.1%€109,480-€2,830-€4,572▼ 61.5%
Net result-€7,224within the sector's middle half--€13,024below the sector's middle half▼ 80.3%€82,476above the sector's middle half-€3,048within the sector's middle half-€4,769within the sector's middle half▼ 56.5%
EBIT margin19.1%
Equity€12,776below the sector's middle half--€249below the sector's middle half€82,227within the sector's middle half€79,179within the sector's middle half▼ 3.7%€74,409within the sector's middle half▼ 6.0%
Total assets€231,430within the sector's middle half-€382,759within the sector's middle half▲ 65.4%€103,297below the sector's middle half▼ 73.0%€196,148within the sector's middle half▲ 89.9%€169,607within the sector's middle half▼ 13.5%
Debt€218,654-€383,007▲ 75.2%€21,070▼ 94.5%€116,969▲ 455%€95,198▼ 18.6%
Working capital€12,776within the sector's middle half--€249within the sector's middle half€82,227within the sector's middle half€79,179within the sector's middle half▼ 3.7%€74,409within the sector's middle half▼ 6.0%
Solvency5.5%below the sector's middle half--0.1%below the sector's middle half▼ 5.6pp79.6%above the sector's middle half▲ 79.7pp40.4%within the sector's middle half▼ 39.2pp43.9%within the sector's middle half▲ 3.5pp
Current ratio1.06within the sector's middle half-1.00within the sector's middle half▼ 0.064.90above the sector's middle half▲ 3.901.68within the sector's middle half▼ 3.231.78within the sector's middle half▲ 0.10
Return on assets (ROA)-3.1%below the sector's middle half--3.4%below the sector's middle half▼ 0.3pp79.8%above the sector's middle half▲ 83.2pp-1.6%within the sector's middle half▼ 81.4pp-2.8%below the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,572 in 2025 against €2,830 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €169,607
Equity
€74,409 ▼ 6.0%
Debt
€95,198 ▼ 18.6%
Debt's share of the balance-sheet total falls from 59.6% to 56.1%. Equity and debt are lower.
Key figures and ratios
Quick ratio
0.04▼
2024 · 0.26
Debt to equity
1.28▼
2024 · 1.48
ROE
-6.4%▼
2024 · -3.8%
Debt ≤ 1 year
€95,198▼
2024 · €116,969
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 3,442 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €573,375 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5,944 | €5,017 | €464,448 | €2,443 | €4,173 | ▲ 70.8% |
| Other operating charges640/8 | €373 | €348 | €429 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€5,944 | -€5,017 | €109,910 | -€2,443 | -€4,173 | ▼ 70.8% |
| Operating profit (loss)9901 | -€6,317 | -€5,364 | €109,480 | -€2,830 | -€4,572 | ▼ 61.5% |
| Financial charges65/66B | €907 | €7,660 | €6,005 | €265 | €197 | ▼ 25.6% |
| Recurring financial charges65 | €907 | €7,660 | €6,005 | €265 | €197 | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | -€7,224 | -€13,024 | €103,476 | -€3,096 | -€4,769 | ▼ 54.1% |
| Income taxes67/77 | - | - | €21,000 | -€48 | - | - |
| Profit (loss) for the period9904 | -€7,224 | -€13,024 | €82,476 | -€3,048 | -€4,769 | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,224 | -€13,024 | €82,476 | -€3,048 | -€4,769 | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,430 | €382,759 | €103,297 | €196,148 | €169,607 | ▼ 13.5% |
| Current assets29/58 | €231,430 | €382,759 | €103,297 | €196,148 | €169,607 | ▼ 13.5% |
| Stocks and contracts in progress3 | €230,207 | €361,066 | €0 | €166,035 | €166,035 | = |
| Stocks30/36 | €230,207 | €361,066 | €0 | €166,035 | €166,035 | = |
| Amounts receivable within one year40/41 | €681 | €6,886 | €6,298 | €6,298 | €577 | ▼ 90.8% |
| Trade receivables40 | €0 | €1,750 | €0 | €0 | - | - |
| Other amounts receivable41 | €681 | €5,136 | €6,298 | €6,298 | €577 | ▼ 90.8% |
| Cash at bank and in hand54/58 | €541 | €14,807 | €96,999 | €23,815 | €2,996 | ▼ 87.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,430 | €382,759 | €103,297 | €196,148 | €169,607 | ▼ 13.5% |
| Equity10/15 | €12,776 | -€249 | €82,227 | €79,179 | €74,409 | ▼ 6.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | €20,000 | €20,000 | €20,000 | €20,000 | - | - |
| Share premium1100/10 | €20,000 | €20,000 | €20,000 | €20,000 | - | - |
| Profit (loss) carried forward14 | -€7,224 | -€20,249 | €62,227 | €59,179 | €54,409 | ▼ 8.1% |
| Amounts payable17/49 | €218,654 | €383,007 | €21,070 | €116,969 | €95,198 | ▼ 18.6% |
| Amounts payable after more than one year17 | €0 | €0 | - | - | - | - |
| Financial debts170/4 | €0 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €218,654 | €383,007 | €21,070 | €116,969 | €95,198 | ▼ 18.6% |
| Financial debts43 | €100,000 | €280,000 | €0 | - | - | - |
| Credit institutions430/8 | €100,000 | €280,000 | €0 | - | - | - |
| Trade debts44 | €18,604 | €4,457 | €20 | €21,919 | €73 | ▼ 99.7% |
| Suppliers440/4 | €18,604 | €4,457 | €20 | €21,919 | €73 | ▼ 99.7% |
| Taxes, remuneration and social security45 | €0 | €0 | €21,000 | €0 | - | - |
| Taxes450/3 | €0 | €0 | €21,000 | €0 | - | - |
| Other amounts payable47/48 | €100,050 | €98,550 | €50 | €95,050 | €95,125 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,224 | -€13,024 | €82,476 | -€3,048 | -€4,769 | ▼ 56.5% |
| Operating cash flow (approximation) | -€7,224 | -€13,024 | €82,476 | -€3,048 | -€4,769 | ▼ 56.5% |
| Change in cash | - | €14,266 | €82,192 | -€73,183 | -€20,820 | ▲ 71.6% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €82,476
Net result €82,476 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 4.90
Current ratio from 1.00 to 4.90; short-term debt falls from €383,007 to €21,070.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€13,024
Net result drops to -€13,024, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 119 days late
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, Beyne-Heusay · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue E. Vandervelde 5474610 Beyne-Heusay1 establishment unit
ML³ PROJECT
since 20212.318.379.578
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,545 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
Founded15-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766757086
Also
9925:BE0766757086
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.