Equity
€35,821 ▲ 14.1%
MN Projects has made a profit in every financial year since 2023.
MN Projects
Overview
Lifetime
3 annual accounts with figures on one time axispeak €41,510 (2023)
€13,835▲ 7.4%
peak €29,230 (2023)
€4,437▲ 3.3%
peak €35,821 (2025)
€35,821▲ 14.1%
€18,935▲ 37.0%
Board1 name since 2023
1 directorMichiel NEEFS
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Equity from €31,384 to €35,821Debts from €13,827 to €18,935
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 49% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 2.72, cash €9,163
Equity €35,821 (65.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 58% of them on solvency, 37% on liquidity, 38% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MN Projects has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MN Projects itself is lower: 0.1% within 12 months. It rests on far more data about MN Projects than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for MN 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
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.72 (2.88 in 2024), above the usual 1.5. Short-term debt is 34.6% and cash 16.7% of total assets. 34.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
31 days late
2024
31 days early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average on the deadline day. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (3 of the last 3 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795801064
Incorporation
Founding capital of €5,000 · Founder: Michiel NEEFS (sole founder and shareholder) · Appointment: Michiel NEEFS (director) · published on 09-01-2023 · Gazette deed
First establishment
Nonnenstraat 73B, Nijlen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MN Projects Nijlen | €54,756 | €13,835 | 65.4% | - |
| Tree IT Mol | €53,902 | €12,835 | 67.7% | - |
| Virilis Antwerp | €55,013 | €13,851 | 59.4% | - |
| Bright Union Seneffe | €54,113 | €14,227 | 69.5% | - |
| PIANELLO Ghent | €57,032 | €15,038 | 5.9% | - |
| MGTEC Les Bons Villers | €49,527 | €14,275 | 53.9% | - |
| CRAFTED SIGNALS Sint-Gillis (bij-Brussel) | €61,270 | €14,240 | 80.8% | - |
These companies have the same main activity as MN Projects: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €49,500 and €61,300, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 05-01-2023Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.340.575.3562560 Nijlen, since 05-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- €13,835▲ 7.4%
- €4,437▲ 3.3%
- €35,821▲ 14.1%
- €54,756▲ 21.1%
- Filing
- Filed on 31-08-2026
Insights on MN Projects
MN Projects files the micro format. That format states no turnover. The gross margin fell from €41,510 in 2023 to €13,835 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€13,835
▲ 7.4%
€8,886
▲ 17.0%
€4,437
▲ 3.3%
€32,608
▲ 25.3%
65.4%
▼ 4.0 percentage points
2.72
▼ 0.16
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €74,000. Estimated: probably between €36,000 and €140,000.
Balance sheet
balance sheet total €54,756 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
65.4%
Higher than 56% of 21,208 companies in 2025.
2.72
Higher than 54% of 20,571 companies in 2025.
8.1%
Higher than 31% of 20,746 companies in 2025.
MN Projects
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
54,756 | 45,210 | 43,383 | |
21/28 |
3,213 | 5,351 | 5,969 | |
22/27 |
3,213 | 5,351 | 5,969 | |
24 |
3,213 | 5,351 | 5,969 | |
29/58 |
51,543 | 39,860 | 37,414 | |
40/41 |
42,380 | 31,779 | 28,675 | |
40 |
30,250 | 29,446 | 28,675 | |
41 |
12,130 | 2,333 | - | |
54/58 |
9,163 | 8,081 | 8,739 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
54,756 | 45,210 | 43,383 | |
10/15 |
35,821 | 31,384 | 27,087 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
30,821 | 26,384 | 22,087 | |
133 |
30,821 | 26,384 | 22,087 | |
17/49 |
18,935 | 13,827 | 16,296 | |
42/48 |
18,935 | 13,827 | 16,296 | |
44 |
1,618 | 1,488 | 1,901 | |
440/4 |
1,618 | 1,488 | 1,901 | |
45 |
17,317 | 12,338 | 6,973 | |
450/3 |
17,317 | 12,338 | 6,973 | |
47/48 |
- | - | 7,423 | |
| Income statement | ||||
9900 |
13,835 | 12,884 | 41,510 | |
630 |
2,137 | 1,890 | 635 | |
640/8 |
2,811 | 3,402 | 3,596 | |
9901 |
8,886 | 7,592 | 37,279 | |
75/76B |
401 | 10 | 5 | |
75 |
401 | 10 | 5 | |
65/66B |
220 | 185 | 69 | |
65 |
220 | 185 | 69 | |
9903 |
9,067 | 7,416 | 37,216 | |
67/77 |
4,630 | 3,119 | 7,986 | |
9904 |
4,437 | 4,297 | 29,230 | |
9905 |
4,437 | 4,297 | 29,230 | |
| Appropriation of the result | ||||
9906 |
4,437 | 4,297 | 29,230 | |
691/2 |
4,437 | 4,297 | 22,087 | |
6921 |
4,437 | 4,297 | 22,087 | |
694/7 |
- | - | 7,143 | |
694 |
- | - | 7,143 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00459986.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 11,024 | 9,482 | 37,914 | ||
| 6,575 | 6,187 | 29,864 | ||
| 0 | 1,272 | 6,603 | ||
| 1,083 | -659 | - | ||
| 32,608 | 26,033 | 21,118 | ||
| 65.4% | 69.4% | 62.4% | ||
| 2.72 | 2.88 | 2.30 | ||
| 0.53 | 0.44 | 0.60 | ||
| 12.4% | 13.7% | 107.9% | ||
| 8.1% | 9.5% | 67.4% | ||
| 50.09 | 51.15 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €1,272 | €6,603 |
| €2,137 | €1,890 | €635 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MN Projects
The operating result for 2025 is 17% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 30.6% to 34.6%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 09-01-2023
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 09-01-2023
Mandates through the years
1 name, the dashed line is todayMichiel NEEFS
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Michiel NEEFS
- Director (not named in the articles), appointed by deed of 09-01-2023, still in office
Control
Capital
- Contribution
- €5,000
- Source
- deed of 09-01-2023
Articles of association
deed of 09-01-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Na aftrek van de rechten waarvan overdracht wordt voorgesteld, zonder goedkeuring onder levenden of bij overlijden aan…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 24 June at 15:00
Founder
At incorporation
deed of 09-01-2023 ↗
- Michiel NEEFS sole founder · 100% at incorporation
Network & group
No group
MN Projects has no parent and no holdings in its annual accounts. Michiel NEEFS is the only director. MN Projects shares no director with another company.
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0795801064
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Weakest financial year net €4,297 ▼85.3% The net result drops to €4,297, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
IncorporationFounding capital of €5,000 · Founder: Michiel NEEFS (sole founder and shareholder) · Appointment: Michiel NEEFS (director) · published on 09-01-20236 points ▸
- Name clause, MN Projects
- Founder, Michiel NEEFS (sole founder and shareholder)
- Registered office clause, Nonnenstraat 73 B, 2560 Nijlen
- Founding capital, €5,000
- Director appointment, Michiel NEEFS (director (not named in the articles))
- Power of attorney, Stephane Van Roosbroeck
- The deed holds 3 more points.
First establishment Nonnenstraat 73B, Nijlen
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 5 January 2023, MN Projects was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 Michiel NEEFS is director of the company, appointed by deed of 09-01-2023.2 Total assets went from €43,383 in 2023 to €54,756 in 2025.3
Company details
Identity
- Enterprise number
- 0795.801.064
- VAT number
- BE 0795.801.064
- Peppol ID
- 0208:0795801064
- Other Peppol ID
- 9925:BE0795801064
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-01-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 24 June at 15:00deed of 09-01-2023 (in Dutch)
- Peppol
- Reachable since 01-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MN Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-01-2023 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van advies,consultancy,diensten en voorlichting van natuurlijke personen en rechtspersonen,zowel in de privé als in de openbare…”deed of 09-01-2023 (in Dutch)
8 activities
- Het verlenen van advies,consultancy,diensten en voorlichting van natuurlijke personen en rechtspersonen,zowel in de privé als in de openbare sector,zowel in binnen- en buitenland met betrekking tot diverse informaticasystemen en het internet
- De analyse,ontwikkeling,commercialisering en exploitatie van software,evenals alle handelingen omtrent de in-,verkoop en verhuur van computermateriaal en informaticatechnologie
- Het leveren van totaaloplossingen op het vlak van informaticatechnologie aan de professionele sector,waaronder het ontwikkelen en beheren van websites,webdeveloment,webdesign,het opzetten en beheren van cloudtoepassingen,het aan-,verkopen en implementeren van informaticatechnologische systemen bij bedrijven,alsook alle mogelijke vormen van advies en consultancy in dit verband
- Het organiseren en uitvoeren van alle mogelijke opleidingen inzake informaticatechnologie en informaticatechnologie management
- Het verstrekken van dienst- en adviesverlening inzake commerciële,administratieve,financiële en technische aangelegenheden in de ruimste zin van het woord
- Het verlenen van allerhande diensten en bijstand,rechtstreeks of onrechtstreeks op het vlak van verkoop en inkoop,logistiek,administratie en financiën,informatievoorziening,algemeen bestuur en beleid
- De terbeschikkingstelling van management knowhow,management begeleiding en organisatie,financiële beleidsvoering,commerciële begeleiding,publicitaire activiteiten en promotie,advies en uitvoering van projecten van informatievoorziening
- Het deelnemen aan het management van vennootschappen in de ruimste zin,onder meer door het uitoefenen van mandaten als bestuurder,zaakvoerder,directeur of vereffenaar
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Nonnenstraat 73B registered office 2560 Nijlen | 05-01-2023 | 2.340.575.356 |
Buildings and parcels at the address
- Ground area
- 1,684 m²
- Buildings
- 65 m²
- Volume, LiDAR
- 249 m³
- Tallest building
- 7.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12026D0038/00E002 | 1,684 m² | 1 · 65 m² | 7.2 m · 1 |