ML Projects & Development
ActiveSummary
The computed 12-month bankruptcy probability of ML Projects & Development is 2.2% (moderate). The 2025 annual accounts show equity of €53k and a net result of €12k. Equity is growing by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 14128 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 12.15 against 5.43 in 2024; short-term debt: 8% and cash: 67.8% of total assets), and 8% of the assets are financed with debt.
Credit check for your own amount and term
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92%
Return on assets
21%
Age of the figures
9 mo
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 13-04-2026, 109 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
109 d early
2024
31 d early
2023
38 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 29.6%
2024 · €41k
2023: €18klowest in 3 years
2024: €41k▲ +122% vs 2023
2025: €53k▲ +29.6% vs 2024highest in 3 years
2023 → 2025
Total assets
€57k▲ 15.4%
2024 · €50k
2023: €24klowest in 3 years
2024: €50k▲ +110% vs 2023
2025: €57k▲ +15.4% vs 2024highest in 3 years
2023 → 2025
Net result
€12k▼ 46.0%
2024 · €22k
2023: €17k
2024: €22k▲ +28.6% vs 2023highest in 3 years
2025: €12k▼ -46.0% vs 2024lowest in 3 years
2023 → 2025
Working capital
€51k▲ 28.5%
2024 · €40k
2023: €17klowest in 3 years
2024: €40k▲ +138% vs 2023
2025: €51k▲ +28.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€18k-€41k▲ 122%€53k▲ 29.6%
2023: €18klowest in 3 years
2024: €41k▲ +122% vs 2023
2025: €53k▲ +29.6% vs 2024highest in 3 years
Operating result€22k-€29k▲ 30.2%€17k▼ 42.9%
2023: €22k
2024: €29k▲ +30.2% vs 2023highest in 3 years
2025: €17k▼ -42.9% vs 2024lowest in 3 years
Net result€17k-€22k▲ 28.6%€12k▼ 46.0%
2023: €17k
2024: €22k▲ +28.6% vs 2023highest in 3 years
2025: €12k▼ -46.0% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€2k ▲ 71.8%
Current assets
€56k ▲ 14.2%
Equity and liabilities €57k
Equity
€53k ▲ 29.6%
Debt
€5k ▼ 49.0%
Debt's share of the balance-sheet total falls from 18.0% to 8.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €30k
Cash flow
€13k▼
2024 · €23k
Current ratio
12.15▲
2024 · 5.43
Debt to equity
0.09▼
2024 · 0.22
ROE
22.9%▼
2024 · 54.9%
ROA
21.0%▼
2024 · 45.0%
Interest coverage
174.53▼
2024 · 486.86
Debt ≤ 1 year
€5k▼
2024 · €9k
Income taxes
€4k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€50k€57k▲
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€579€2k▲
Furniture and vehicles24€579€2k▲
Financial fixed assets28€480-
Current assets29/58€49k€56k▲
Amounts receivable within one year40/41€402€17k▲
Trade receivables40€341€17k▲
Other amounts receivable41€61-
Cash at bank and in hand54/58€48k€39k▼
Equity and liabilities
Total equity and liabilities10/49€50k€57k▲
Equity10/15€41k€53k▲
Contributions10/11€1k€1k=
Reserves13€39k€51k▲
Distributable reserves133€39k€51k▲
Profit (loss) carried forward14€821€912▲
Amounts payable17/49€9k€5k▼
Amounts payable within one year42/48€9k€5k▼
Trade debts44€61€2k▲
Suppliers440/4€61€2k▲
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Other amounts payable47/48€723€287▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€649€410▼
Gross operating margin9900€30k€17k▼
Operating profit (loss)9901€29k€17k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€61€97▲
Recurring financial charges65€61€97▲
Profit (loss) for the period before taxes9903€29k€16k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€22k€12k▼
Profit (loss) for the period to be appropriated9905€22k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€13k▼
Profit (loss) brought forward from the previous period14P€420€821▲
Transfer to equity691/2€22k€12k▼
To other reserves6921€22k€12k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €649 | €410 | ▼ 36.8% |
| Gross operating margin9900 | €23k | €30k | €17k | ▼ 42.8% |
| Operating profit (loss)9901 | €22k | €29k | €17k | ▼ 42.9% |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | €5 | €61 | €97 | ▲ 59.6% |
| Recurring financial charges65 | €5 | €61 | €97 | ▲ 59.6% |
| Profit (loss) for the period before taxes9903 | €22k | €29k | €16k | ▼ 43.1% |
| Income taxes67/77 | €5k | €7k | €4k | ▼ 33.2% |
| Profit (loss) for the period9904 | €17k | €22k | €12k | ▼ 46.0% |
| Profit (loss) for the period to be appropriated9905 | €17k | €22k | €12k | ▼ 46.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €24k | €50k | €57k | ▲ 15.4% |
| Formation expenses20 | €333 | - | - | - |
| Fixed assets21/28 | €1k | €1k | €2k | ▲ 71.8% |
| Tangible fixed assets22/27 | €896 | €579 | €2k | ▲ 214% |
| Furniture and vehicles24 | €896 | €579 | €2k | ▲ 214% |
| Financial fixed assets28 | €480 | €480 | - | - |
| Current assets29/58 | €22k | €49k | €56k | ▲ 14.2% |
| Amounts receivable within one year40/41 | €1k | €402 | €17k | ▲ 4,047% |
| Trade receivables40 | €243 | €341 | €17k | ▲ 4,792% |
| Other amounts receivable41 | €1k | €61 | - | - |
| Cash at bank and in hand54/58 | €21k | €48k | €39k | ▼ 19.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €24k | €50k | €57k | ▲ 15.4% |
| Equity10/15 | €18k | €41k | €53k | ▲ 29.6% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €17k | €39k | €51k | ▲ 30.8% |
| Distributable reserves133 | €17k | €39k | €51k | ▲ 30.8% |
| Profit (loss) carried forward14 | €420 | €821 | €912 | ▲ 11.0% |
| Amounts payable17/49 | €5k | €9k | €5k | ▼ 49.0% |
| Amounts payable within one year42/48 | €5k | €9k | €5k | ▼ 49.0% |
| Trade debts44 | - | €61 | €2k | ▲ 3,022% |
| Suppliers440/4 | - | €61 | €2k | ▲ 3,022% |
| Taxes, remuneration and social security45 | €4k | €8k | €2k | ▼ 70.7% |
| Taxes450/3 | €4k | €8k | €2k | ▼ 70.7% |
| Other amounts payable47/48 | €1k | €723 | €287 | ▼ 60.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €22k | €12k | ▼ 46.0% |
| + Depreciation and write-downs630 | €1k | €649 | €410 | ▼ 36.8% |
| Operating cash flow (approximation) | €18k | €23k | €13k | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | €-333 | €-1k | ▼ 252% |
| Change in cash | - | €28k | €-9k | ▼ 134% |
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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼46%
Net result drops to €12k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 12.15
Current ratio from 5.43 to 12.15; short-term debt falls from €9k to €5k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €22k ▲28.6%
Operating result €29k, net result €22k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Ukkel · 3 establishment units since 2023
Ground area
1.1 ha
Building footprint
1,259 m²
Volume, LiDAR
17,443 m³
3 parcels, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
ML Projects & Development
since 20232.344.211.866
Zwitserlandstraat 2, 1060 Sint-Gillis (bij-Brussel)
since 20232.344.212.361
ML Projects & Development
since 20252.368.229.363
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02G084 | Brussels | 1.0 ha | 1 · 714 m² | 14.3 m · 4 fl. |
| 21013B0016/00D009 | Brussels | 464 m² | 1 · 453 m² | 22.5 m · 6 fl. |
| 21016B0152/00H003 | Brussels | 161 m² | 1 · 92 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,310 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
Founded04-04-2023
Fiscal year end31-12
Abbreviation FR
ML P&D
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.