MR-CAM PROJECTS
ActiveSummary
MR-CAM PROJECTS has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €25k. Its solvency ranks better than 78% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency100▲+4
Growth52
Track record82
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 3.99 against 2.9 in 2024; short-term debt: 20.4% of total assets), and 20.4% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
79.6%
Return on assets
20.5%
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 28-08-2026, 28 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 · 2 filingsDeviation from the deadline
2025
28 d late
2024
5 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
€95k▲ 33.2%
2024 · €71k
2024: €71k
2025: €95k▲ +33.2% vs 2024
2024 → 2025
Total assets
€119k▲ 18.0%
2024 · €101k
2024: €101k
2025: €119k▲ +18.0% vs 2024
2024 → 2025
Net result
€25k▼ 65.1%
2024 · €70k
2024: €70k
2025: €25k▼ -65.1% vs 2024
2024 → 2025
Working capital
€73k▲ 28.9%
2024 · €57k
2024: €57k
2025: €73k▲ +28.9% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€71k-€95k▲ 33.2%
2024: €71k
2025: €95k▲ +33.2% vs 2024
Operating result€89k-€37k▼ 58.6%
2024: €89k
2025: €37k▼ -58.6% vs 2024
Net result€70k-€25k▼ 65.1%
2024: €70k
2025: €25k▼ -65.1% 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 falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€22k ▲ 53.4%
Current assets
€97k ▲ 12.6%
Equity and liabilities €119k
Equity
€95k ▲ 33.2%
Debt
€24k ▼ 18.3%
Debt's share of the balance-sheet total falls from 29.5% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €90k
Cash flow
€29k▼
2024 · €71k
Current ratio
3.99▲
2024 · 2.90
Quick ratio
3.37▲
2024 · 2.90
Debt to equity
0.26▼
2024 · 0.42
ROE
25.8%▼
2024 · 98.3%
ROA
20.5%▼
2024 · 69.3%
Interest coverage
17.31▼
2024 · 48035.05
Debt ≤ 1 year
€24k▼
2024 · €30k
Income taxes
€10k▼
2024 · €18k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€101k€119k▲
Formation expenses20€346-
Fixed assets21/28€14k€22k▲
Tangible fixed assets22/27€14k€22k▲
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€13k€11k▼
Other tangible fixed assets26-€6k
Current assets29/58€87k€97k▲
Stocks and contracts in progress3-€15k
Stocks30/36-€8k
Contracts in progress37-€8k
Amounts receivable within one year40/41€31k€11k▼
Trade receivables40€31k€11k▼
Current investments50/53€55k€71k▲
Deferred charges and accrued income490/1€200-
Equity and liabilities
Total equity and liabilities10/49€101k€119k▲
Equity10/15€71k€95k▲
Contributions10/11€2k€2k=
Reserves13€69k€93k▲
Distributable reserves133€69k€93k▲
Amounts payable17/49€30k€24k▼
Amounts payable within one year42/48€30k€24k▼
Trade debts44€993€8k▲
Suppliers440/4€993€8k▲
Taxes, remuneration and social security45€27k€13k▼
Taxes450/3€27k€13k▼
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8-€63
Gross operating margin9900€90k€41k▼
Operating profit (loss)9901€89k€37k▼
Financial income75/76B-€29
Recurring financial income75-€29
Financial charges65/66B€2€2k▲
Recurring financial charges65€2€2k▲
Profit (loss) for the period before taxes9903€89k€34k▼
Income taxes67/77€18k€10k▼
Profit (loss) for the period9904€70k€25k▼
Profit (loss) for the period to be appropriated9905€70k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€25k▼
Transfer to equity691/2€69k€24k▼
To other reserves6921€69k€24k▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €4k | ▲ 263% |
| Other operating charges640/8 | - | €63 | - |
| Gross operating margin9900 | €90k | €41k | ▼ 54.1% |
| Operating profit (loss)9901 | €89k | €37k | ▼ 58.6% |
| Financial income75/76B | - | €29 | - |
| Recurring financial income75 | - | €29 | - |
| Financial charges65/66B | €2 | €2k | ▲ 127,105% |
| Recurring financial charges65 | €2 | €2k | ▲ 127,105% |
| Profit (loss) for the period before taxes9903 | €89k | €34k | ▼ 61.2% |
| Income taxes67/77 | €18k | €10k | ▼ 46.5% |
| Profit (loss) for the period9904 | €70k | €25k | ▼ 65.1% |
| Profit (loss) for the period to be appropriated9905 | €70k | €25k | ▼ 65.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €101k | €119k | ▲ 18.0% |
| Formation expenses20 | €346 | - | - |
| Fixed assets21/28 | €14k | €22k | ▲ 53.4% |
| Tangible fixed assets22/27 | €14k | €22k | ▲ 53.4% |
| Plant, machinery and equipment23 | €1k | €5k | ▲ 367% |
| Furniture and vehicles24 | €13k | €11k | ▼ 20.0% |
| Other tangible fixed assets26 | - | €6k | - |
| Current assets29/58 | €87k | €97k | ▲ 12.6% |
| Stocks and contracts in progress3 | - | €15k | - |
| Stocks30/36 | - | €8k | - |
| Contracts in progress37 | - | €8k | - |
| Amounts receivable within one year40/41 | €31k | €11k | ▼ 64.8% |
| Trade receivables40 | €31k | €11k | ▼ 64.8% |
| Current investments50/53 | €55k | €71k | ▲ 29.7% |
| Deferred charges and accrued income490/1 | €200 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €101k | €119k | ▲ 18.0% |
| Equity10/15 | €71k | €95k | ▲ 33.2% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €69k | €93k | ▲ 34.1% |
| Distributable reserves133 | €69k | €93k | ▲ 34.1% |
| Amounts payable17/49 | €30k | €24k | ▼ 18.3% |
| Amounts payable within one year42/48 | €30k | €24k | ▼ 18.3% |
| Trade debts44 | €993 | €8k | ▲ 669% |
| Suppliers440/4 | €993 | €8k | ▲ 669% |
| Taxes, remuneration and social security45 | €27k | €13k | ▼ 52.0% |
| Taxes450/3 | €27k | €13k | ▼ 52.0% |
| Other amounts payable47/48 | €2k | €4k | ▲ 131% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €25k | ▼ 65.1% |
| + Depreciation and write-downs630 | €1k | €4k | ▲ 263% |
| Operating cash flow (approximation) | €71k | €29k | ▼ 59.4% |
| Investment in fixed assets (approximation) | - | €-12k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Heusden-Zolder · 1 establishment unit since 2024
Ground area
3,956 m²
Building footprint
349 m²
Volume, LiDAR
2,121 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MR-CAM PROJECTS
since 20242.358.120.280
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0971/00L000 | Flanders | 2,487 m² | 1 · 238 m² | 7.6 m · 2 fl. |
| 71502B0970/00C000 | Flanders | 1,469 m² | 1 · 110 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,226 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
Founded26-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.