MN Projects
ActiveSummary
MN Projects has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €4k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-2
Solvency90▼-4
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.88 in 2024; short-term debt: 34.6% and cash: 16.7% of total assets), and 34.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
65.4%
Return on assets
8.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
on the day
← 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
€36k▲ 14.1%
2024 · €31k
2023: €27klowest in 3 years
2024: €31k▲ +15.9% vs 2023
2025: €36k▲ +14.1% vs 2024highest in 3 years
2023 → 2025
Total assets
€55k▲ 21.1%
2024 · €45k
2023: €43klowest in 3 years
2024: €45k▲ +4.2% vs 2023
2025: €55k▲ +21.1% vs 2024highest in 3 years
2023 → 2025
Net result
€4k▲ 3.3%
2024 · €4k
2023: €29khighest in 3 years
2024: €4k▼ -85.3% vs 2023lowest in 3 years
2025: €4k▲ +3.3% vs 2024
2023 → 2025
Working capital
€33k▲ 25.3%
2024 · €26k
2023: €21klowest in 3 years
2024: €26k▲ +23.3% vs 2023
2025: €33k▲ +25.3% 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€27k-€31k▲ 15.9%€36k▲ 14.1%
2023: €27klowest in 3 years
2024: €31k▲ +15.9% vs 2023
2025: €36k▲ +14.1% vs 2024highest in 3 years
Operating result€37k-€8k▼ 79.6%€9k▲ 17.0%
2023: €37khighest in 3 years
2024: €8k▼ -79.6% vs 2023lowest in 3 years
2025: €9k▲ +17.0% vs 2024
Net result€29k-€4k▼ 85.3%€4k▲ 3.3%
2023: €29khighest in 3 years
2024: €4k▼ -85.3% vs 2023lowest in 3 years
2025: €4k▲ +3.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55k
Fixed assets
€3k ▼ 39.9%
Current assets
€52k ▲ 29.3%
Equity and liabilities €55k
Equity
€36k ▲ 14.1%
Debt
€19k ▲ 37.0%
Debt's share of the balance-sheet total rises from 30.6% to 34.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▲
2024 · €9k
Cash flow
€7k▲
2024 · €6k
Current ratio
2.72▼
2024 · 2.88
Debt to equity
0.53▲
2024 · 0.44
ROE
12.4%▼
2024 · 13.7%
ROA
8.1%▼
2024 · 9.5%
Interest coverage
50.09▼
2024 · 51.15
Debt ≤ 1 year
€19k▲
2024 · €14k
Income taxes
€5k▲
2024 · €3k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€55k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€40k€52k▲
Amounts receivable within one year40/41€32k€42k▲
Trade receivables40€29k€30k▲
Other amounts receivable41€2k€12k▲
Cash at bank and in hand54/58€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€45k€55k▲
Equity10/15€31k€36k▲
Contributions10/11€5k€5k=
Reserves13€26k€31k▲
Distributable reserves133€26k€31k▲
Amounts payable17/49€14k€19k▲
Amounts payable within one year42/48€14k€19k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€12k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€13k€14k▲
Operating profit (loss)9901€8k€9k▲
Financial income75/76B€10€401▲
Recurring financial income75€10€401▲
Financial charges65/66B€185€220▲
Recurring financial charges65€185€220▲
Profit (loss) for the period before taxes9903€7k€9k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€4k€4k▲
Profit (loss) for the period to be appropriated9905€4k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€4k▲
Transfer to equity691/2€4k€4k▲
To other reserves6921€4k€4k▲
The notes to these accounts (5 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 | €635 | €2k | €2k | ▲ 13.1% |
| Other operating charges640/8 | €4k | €3k | €3k | ▼ 17.4% |
| Gross operating margin9900 | €42k | €13k | €14k | ▲ 7.4% |
| Operating profit (loss)9901 | €37k | €8k | €9k | ▲ 17.0% |
| Financial income75/76B | €5 | €10 | €401 | ▲ 4,048% |
| Recurring financial income75 | €5 | €10 | €401 | ▲ 4,048% |
| Financial charges65/66B | €69 | €185 | €220 | ▲ 18.7% |
| Recurring financial charges65 | €69 | €185 | €220 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | €37k | €7k | €9k | ▲ 22.3% |
| Income taxes67/77 | €8k | €3k | €5k | ▲ 48.4% |
| Profit (loss) for the period9904 | €29k | €4k | €4k | ▲ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €29k | €4k | €4k | ▲ 3.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43k | €45k | €55k | ▲ 21.1% |
| Fixed assets21/28 | €6k | €5k | €3k | ▼ 39.9% |
| Tangible fixed assets22/27 | €6k | €5k | €3k | ▼ 39.9% |
| Furniture and vehicles24 | €6k | €5k | €3k | ▼ 39.9% |
| Current assets29/58 | €37k | €40k | €52k | ▲ 29.3% |
| Amounts receivable within one year40/41 | €29k | €32k | €42k | ▲ 33.4% |
| Trade receivables40 | €29k | €29k | €30k | ▲ 2.7% |
| Other amounts receivable41 | - | €2k | €12k | ▲ 420% |
| Cash at bank and in hand54/58 | €9k | €8k | €9k | ▲ 13.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43k | €45k | €55k | ▲ 21.1% |
| Equity10/15 | €27k | €31k | €36k | ▲ 14.1% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €22k | €26k | €31k | ▲ 16.8% |
| Distributable reserves133 | €22k | €26k | €31k | ▲ 16.8% |
| Amounts payable17/49 | €16k | €14k | €19k | ▲ 37.0% |
| Amounts payable within one year42/48 | €16k | €14k | €19k | ▲ 37.0% |
| Trade debts44 | €2k | €1k | €2k | ▲ 8.7% |
| Suppliers440/4 | €2k | €1k | €2k | ▲ 8.7% |
| Taxes, remuneration and social security45 | €7k | €12k | €17k | ▲ 40.4% |
| Taxes450/3 | €7k | €12k | €17k | ▲ 40.4% |
| Other amounts payable47/48 | €7k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €4k | €4k | ▲ 3.3% |
| + Depreciation and write-downs630 | €635 | €2k | €2k | ▲ 13.1% |
| Operating cash flow (approximation) | €30k | €6k | €7k | ▲ 6.3% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-659 | €1k | ▲ 264% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4k ▼85.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-07
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, Nijlen · 1 establishment unit since 2023
Ground area
1,684 m²
Building footprint
65 m²
Volume, LiDAR
249 m³
Parcel 12026D0038/00E002, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MN Projects
since 20232.340.575.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0038/00E002 | Flanders | 1,684 m² | 1 · 65 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,741 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
Founded05-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63920Other information service activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.