Equity
MR-CAM PROJECTS paid out €833 in dividends. That is 3% of the 2025 profit.
MR-CAM PROJECTS paid out €833 in dividends. That is 3% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 367.3% higher than in 2024.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 87% of them on solvency, 78% on liquidity, 70% on profitability and 76% 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 39,278 companies had the same profile as MR-CAM PROJECTS has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MR-CAM PROJECTS itself: 0.8% within 12 months.
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 MR-CAM 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.
Liquidity is ample, with a current ratio of 3.99 (2.9 in 2024), above the usual 1.5. Short-term debt is 20.4% of total assets. 20.4% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 12 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MR-CAM PROJECTS Heusden-Zolder | €119,452 | €41,228 | 79.6% | - |
| Heido Service Kinrooi | €131,481 | €46,903 | 63.7% | - |
| JBD Consulting Beersel | €132,319 | €44,218 | 71.9% | - |
| DENYS EDOUARD Ypres | €107,879 | €40,865 | 49.3% | - |
| JENKO VANHOUTTE Avelgem | €111,151 | €46,016 | 54.4% | - |
| GENYTEM Mettet | €104,002 | €46,157 | 80.3% | - |
| EMPULSE SERVICES Ghent | €103,251 | €45,894 | 75.1% | - |
These companies have the same main activity as MR-CAM PROJECTS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €103,000 and €132,000, founded in 2024.
MR-CAM PROJECTS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,053 and a net result of €24,507.
Its solvency ranks better than 79% of 11,794 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €120,000. Estimated: probably between €82,000 and €170,000.
Higher than 79% of 11,794 companies in 2025.
Higher than 74% of 11,521 companies in 2025.
Higher than 66% of 11,605 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
119,452 | 101,243 | |
20 |
- | 346 | |
21/28 |
22,008 | 14,347 | |
22/27 |
22,008 | 14,347 | |
23 |
5,112 | 1,094 | |
24 |
10,601 | 13,253 | |
26 |
6,295 | - | |
29/58 |
97,444 | 86,550 | |
3 |
15,107 | - | |
30/36 |
7,607 | - | |
37 |
7,500 | - | |
40/41 |
11,040 | 31,360 | |
40 |
11,040 | 31,360 | |
50/53 |
71,297 | 54,990 | |
490/1 |
- | 200 | |
| Balance sheet: equity and liabilities | |||
10/49 |
119,452 | 101,243 | |
10/15 |
95,053 | 71,379 | |
10/11 |
2,000 | 2,000 | |
13 |
93,053 | 69,379 | |
133 |
93,053 | 69,379 | |
17/49 |
24,399 | 29,864 | |
42/48 |
24,399 | 29,864 | |
44 |
7,635 | 993 | |
440/4 |
7,635 | 993 | |
45 |
13,100 | 27,285 | |
450/3 |
13,100 | 27,285 | |
47/48 |
3,664 | 1,585 | |
| Income statement | |||
9900 |
41,228 | 89,826 | |
630 |
4,451 | 1,225 | |
640/8 |
63 | - | |
9901 |
36,714 | 88,600 | |
75/76B |
29 | - | |
75 |
29 | - | |
65/66B |
2,379 | 2 | |
65 |
2,379 | 2 | |
9903 |
34,363 | 88,599 | |
67/77 |
9,856 | 18,420 | |
9904 |
24,507 | 70,179 | |
9905 |
24,507 | 70,179 | |
| Appropriation of the result | |||
9906 |
24,507 | 70,179 | |
691/2 |
23,674 | 69,379 | |
6921 |
23,674 | 69,379 | |
694/7 |
833 | 800 | |
694 |
833 | 800 | |
| 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 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444940.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 41,165 | 89,826 | ||
| 28,959 | 71,404 | ||
| 11,766 | 14,414 | ||
| 73,045 | 56,686 | ||
| 79.6% | 70.5% | ||
| 3.99 | 2.90 | ||
| 3.37 | 2.90 | ||
| 0.26 | 0.42 | ||
| 25.8% | 98.3% | ||
| 20.5% | 69.3% | ||
| 17.31 | 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.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €11,766 | €14,414 |
| €4,451 | €1,225 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 59% lower than in 2024.
Debt's share of the balance-sheet total falls from 29.5% to 20.4%. Equity is higher and debt is lower.
MR-CAM PROJECTS has no parent and no holdings in its annual accounts. CAM Christophe is the only director. MR-CAM PROJECTS shares no director with another company.
| DIENSTENCHEQUES BEA
registered office since 02-12-2008 · founded in 2008 |
26 FTE (2025) 0808.139.563 |
| SAGSO
establishment since 23-01-2018 · founded in 2018 |
total assets €1.1m (2025) 0688.793.535 |
| OLC GROUP
registered office since 17-03-2022 · founded in 2022 |
total assets €52,210 (2025) 0783.512.253 |
| Kursunlu, Huriye (sole trader)
establishment since 02-09-2022 |
founded in 2025 0790.404.993 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MR-CAM PROJECTS was incorporated on 26 March 2024 as a private limited company by one natural person, with a starting capital of €2,000.12 Since 2024, CAM Christophe has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| G. Gezellelaan 185 registered office 3550 Heusden-Zolder | ||
| G. Gezellelaan 187 3550 Heusden-Zolder | 26-03-2024 | 2.358.120.280 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71502B0971/00L000 | 2,487 m² | 1 · 238 m² | 7.6 m · 2 |
| 71502B0970/00C000 | 1,469 m² | 1 · 110 m² | 9.7 m · 3 |
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