ML PROJECTS
ActiveSummary
ML PROJECTS has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,659 and a net result of -€18,382. Equity is growing by about 32% per year across the filed financial years. Its solvency ranks better than 11% of 9,810 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Staff
- 1.4 FTE
- Equity
- €128,659
- Loss
- -€18,382
- Parent
- L&P invest · 100%
- Pintelon StephanieDirector
- L&P investDirector · permanent representative Loots Nicolas
Why 62raises riskEquity €128,659 (8.1% of total assets)1 change of registered office in 24 monthsLiquidity: current ratio 0.73, cash €9,612, halvedlowers riskSize: 1.4 FTE, total assets €1.6mShow the evidence
Checked score
About 1 in 100 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 43, micro): better than 13% on solvency, 36% on liquidity, 19% on profitability and 14% on growth.
The bankruptcy probability was computed on 27-10-2026 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 6 accounts on average 58 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€18,382
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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), Staff (FTE).
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 93.7% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 1,037 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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,004 | €0 | €2,509 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €21,252 | €7,985 | €407 | €77,954 | ▲ 191× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,917 | €19,060 | €23,922 | €56,478 | €38,374 | €103,656 | ▲ 170% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,058 | €4,248 | €4,248 | = |
| Other operating charges640/8 | - | €1,353 | €2,179 | €3,076 | €18,343 | €4,746 | ▼ 74.1% |
| Non-recurring operating charges66A | - | - | - | €709 | €132,428 | €0 | ▼ 100% |
| Gross operating margin9900 | €38,433 | €105,440 | €96,999 | €268,909 | €306,682 | €226,616 | ▼ 26.1% |
| Operating profit (loss)9901 | €22,725 | €85,026 | €49,646 | €195,603 | €112,881 | €36,013 | ▼ 68.1% |
| Financial income75/76B | - | €42 | €154 | €87 | €1,099 | €1,861 | ▲ 69.3% |
| Recurring financial income75 | €1 | €42 | €154 | €87 | €1,099 | €1,861 | ▲ 69.3% |
| Financial charges65/66B | - | €35,034 | €5,639 | €16,785 | €28,704 | €55,613 | ▲ 93.7% |
| Recurring financial charges65 | €5,825 | €4,305 | €5,639 | €16,785 | €28,704 | €55,613 | ▲ 93.7% |
| Non-recurring financial charges66B | - | €30,729 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €16,902 | €50,034 | €44,161 | €178,904 | €85,277 | -€17,739 | - |
| Income taxes67/77 | €3,104 | €12,147 | €11,057 | €51,748 | €24,673 | €643 | ▼ 97.4% |
| Profit (loss) for the period9904 | €13,797 | €37,887 | €33,104 | €127,156 | €60,604 | -€18,382 | - |
| Profit (loss) for the period to be appropriated9905 | €13,797 | €37,887 | €33,104 | €127,156 | €60,604 | -€18,382 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.2m | €0.2m | €0.3m | €0.8m | €1.3m | €1.6m | ▲ 21.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.03m | €0.08m | €0.09m | €0.6m | €1.0m | €1.4m | ▲ 37.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | €0.001m | - |
| Tangible fixed assets22/27 | €0.03m | €0.07m | €0.09m | €0.6m | €1.0m | €1.4m | ▲ 37.1% |
| Land and buildings22 | - | €0.004m | €0.005m | €0.4m | €0.3m | €0.8m | ▲ 181% |
| Plant, machinery and equipment23 | - | €0.003m | €0.04m | €0.03m | €0.03m | €0.4m | ▲ 13× |
| Furniture and vehicles24 | - | €0.06m | €0.05m | €0.1m | €0.2m | €0.1m | ▼ 25.7% |
| Other tangible fixed assets26 | - | €0.001m | €252 | €0.009m | €0.007m | €0.005m | ▼ 25.3% |
| Assets under construction and advance payments27 | - | - | - | - | €0.5m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.004m | €0.004m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 29.6% |
| Stocks and contracts in progress3 | €0 | - | €0.005m | €0.005m | €0.003m | €0.02m | ▲ 621% |
| Stocks30/36 | - | - | €0.005m | €0.005m | €0.003m | €0.02m | ▲ 621% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 17.0% |
| Trade receivables40 | - | €0.1m | €0.06m | €0.07m | €0.1m | €0.07m | ▼ 45.3% |
| Other amounts receivable41 | - | €0.04m | €0.05m | €0.06m | €0.08m | €0.1m | ▲ 28.2% |
| Current investments50/53 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.01m | €0.09m | €0.1m | €0.08m | €0.01m | ▼ 88.4% |
| Deferred charges and accrued income490/1 | - | €0.004m | €0.004m | €0.005m | €0.007m | €0.01m | ▲ 42.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.3m | €0.8m | €1.3m | €1.6m | ▲ 21.3% |
| Equity10/15 | €0.02m | €0.06m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 30.3% |
| Contributions10/11 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Reserves13 | €0.02m | €0.06m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 30.1% |
| Distributable reserves133 | - | €0.06m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 30.1% |
| Profit (loss) carried forward14 | €290 | €0.001m | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.7m | €1.1m | €1.5m | ▲ 29.8% |
| Amounts payable after more than one year17 | €0.01m | €0.03m | €0.1m | €0.2m | €0.7m | €1.2m | ▲ 61.1% |
| Financial debts170/4 | - | €0.03m | €0.1m | €0.2m | €0.7m | €1.2m | ▲ 61.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.09m | €0.5m | €0.4m | €0.3m | ▼ 25.9% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | €0.03m | €0.05m | €0.1m | €0.1m | ▲ 23.3% |
| Financial debts43 | - | - | - | €0.3m | €0.02m | €0.02m | ▲ 0.7% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.02m | €0.02m | ▲ 0.7% |
| Trade debts44 | €0.009m | €0.08m | €0.01m | €0.04m | €0.2m | €0.09m | ▼ 59.8% |
| Suppliers440/4 | - | €0.08m | €0.01m | €0.04m | €0.2m | €0.09m | ▼ 59.8% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.02m | €0.01m | €0.009m | €0.03m | ▲ 201% |
| Taxes450/3 | - | €0.02m | €0.01m | €0.01m | €0.009m | €0.02m | ▲ 77.9% |
| Remuneration and social security454/9 | - | - | €0.002m | €0 | - | €0.01m | - |
| Other amounts payable47/48 | - | €0.04m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 17.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0 | €231 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,797 | €37,887 | €33,104 | €127,156 | €60,604 | -€18,382 | - |
| + Depreciation and write-downs630 | €12,917 | €19,060 | €23,922 | €56,478 | €38,374 | €103,656 | ▲ 170% |
| Operating cash flow (approximation) | €26,715 | €56,948 | €57,027 | €183,634 | €98,979 | €85,273 | ▼ 13.8% |
| Investment in fixed assets (approximation) | - | -€59,727 | -€41,136 | -€540,531 | -€461,375 | -€474,438 | ▼ 2.8% |
| Change in cash | - | -€37,585 | €83,018 | €17,703 | -€27,884 | -€73,525 | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-06-2026 | 2026-00133866 |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00234914 |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00252464 |
| 31-12-2022 | micro format | 20-03-2023 | 2023-00041713 |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20034390 |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18200004 |
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
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Pintelon Stephanie |
|
| L&P invest |
|
| Loots Nicolas |
|
| Pintelton Stephanie |
|
Owners and capital
Owners
1 ownerChain of control
- L&P invest
- ML PROJECTS
Highest known parent: L&P invest. The sources do not say who stands above it.
Owners 1
- L&P investparentSourceaccounts L&P invest 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-02
Gazette deed
Permanent representative: Loots NicolasRegistered-office move4 facts ▸
- Board meeting, 16-01-2025
- Registered-office move, Boutersemdreef 30 Bus 1,2240 Zandhoven
- Director in office, L&P invest BV (director)
- Permanent representative, Loots Nicolas
22-01
Gazette deed
Resignations: Loots Nicolas (director) and Pintelton Stephanie (director)Appointment: L&P invest BV (director) · Permanent representative: Loots Nicolas · Director discharge7 facts ▸
- General meeting, 02-01-2025
- Director resignation, Loots Nicolas (director (not named in the articles))
- Director discharge, Loots Nicolas (director (not named in the articles))
- Director resignation, Pintelton Stephanie (director (not named in the articles))
- Director discharge, Pintelton Stephanie (director (not named in the articles))
- Director appointment, L&P invest BV (director (not named in the articles))
- Permanent representative, Loots Nicolas
21-03
Gazette deed
Appointment: Pintelon Stephanie (director)3 facts ▸
- General meeting, 01-01-2024
- Director appointment, Pintelon Stephanie (director (not named in the articles))
- Other provision, “verklaring geen beletsel, niet getroffen door maatregel die zich hiertegen verzet” (deed in Dutch)
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 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 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0544.691.127
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11054C0253/00P000 | Flanders | 2,282 m² | 1 · 162 m² | 7.7 m · 2 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 24-02-2025
Read from the deeds: 1 provision, deed of 24-02-2025