MR PROJECTS
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MR PROJECTS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,359 and a net result of €6,163. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 24% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
KBO- Status
- Active since 05-01-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- Heihoef 3, 2275 Lille
- Activity
- Joinery installation NACE 43320
- Establishment unit
- 2.238.988.246 2275 Lille, since 05-02-2015
- Financial year end
- 31 March
- Peppol
- Reachable since 08-01-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €372,777
- ▼ 12.2%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €6,163
- Equity
- €151,359
- ▲ 4.2%
- Total assets
- €654,503
- ▼ 7.2%
- Staff
- 3.6 FTE
- ▼ 33.3%
Why 68raises riskFigures for financial year 2025 (filed 31-10-2025)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.95, cash €126,526Size: 3.6 FTE, total assets €654,503Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 25% on solvency, 50% on liquidity, 30% on profitability and 45% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 3 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 31-10-2025
- Format
- abbreviated format
- Reference
- 2025-00556207
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €27,944 after a loss of €22,863 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,822 | €19,780 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €231,299 | €360,271 | €355,508 | €250,286 | ▼ 29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,665 | €39,203 | €32,851 | €64,730 | €86,866 | €83,719 | €86,561 | ▲ 3.4% |
| Other operating charges640/8 | - | - | - | €3,394 | €10,103 | €8,281 | €7,048 | ▼ 14.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €937 | - |
| Gross operating margin9900 | €109,540 | €187,548 | €250,608 | €377,886 | €478,140 | €424,645 | €372,777 | ▼ 12.2% |
| Operating profit (loss)9901 | €11,435 | €39,602 | €76,468 | €78,464 | €20,900 | -€22,863 | €27,944 | - |
| Financial income75/76B | - | - | - | €332 | €483 | €155 | €976 | ▲ 530% |
| Recurring financial income75 | €976 | €259 | €489 | €332 | €483 | €155 | €976 | ▲ 530% |
| Financial charges65/66B | - | - | - | €10,997 | €14,575 | €16,557 | €22,223 | ▲ 34.2% |
| Recurring financial charges65 | €10,060 | €10,311 | €10,162 | €10,997 | €14,575 | €16,557 | €22,223 | ▲ 34.2% |
| Profit (loss) for the period before taxes9903 | €2,351 | €29,550 | €66,794 | €67,799 | €6,809 | -€39,265 | €6,698 | - |
| Income taxes67/77 | €1,563 | €8,288 | €11,456 | €17,068 | €2,809 | €335 | €535 | ▲ 59.8% |
| Profit (loss) for the period9904 | €788 | €21,263 | €55,338 | €50,732 | €4,000 | -€39,600 | €6,163 | - |
| Profit (loss) for the period to be appropriated9905 | €788 | €21,263 | €55,338 | €50,732 | €4,000 | -€39,600 | €6,163 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €497,680 | €476,573 | €608,923 | €753,156 | €814,515 | €705,276 | €654,503 | ▼ 7.2% |
| Fixed assets21/28 | €332,167 | €320,139 | €479,007 | €491,085 | €530,044 | €467,047 | €390,688 | ▼ 16.3% |
| Intangible fixed assets21 | €969 | €646 | €2,028 | €1,085 | €465 | €2,813 | €1,773 | ▼ 37.0% |
| Tangible fixed assets22/27 | €331,198 | €319,493 | €476,979 | €490,000 | €529,579 | €464,234 | €388,915 | ▼ 16.2% |
| Land and buildings22 | - | - | - | €257,530 | €244,229 | €230,929 | €217,629 | ▼ 5.8% |
| Plant, machinery and equipment23 | - | - | - | €61,359 | €54,088 | €60,190 | €49,571 | ▼ 17.6% |
| Furniture and vehicles24 | - | - | - | €47,833 | €59,683 | €41,568 | €29,986 | ▼ 27.9% |
| Leasing and similar rights25 | - | - | - | €123,278 | €171,578 | €131,547 | €91,729 | ▼ 30.3% |
| Current assets29/58 | €165,512 | €156,434 | €129,916 | €262,071 | €284,471 | €238,229 | €263,816 | ▲ 10.7% |
| Stocks and contracts in progress3 | €9,765 | €9,945 | €13,725 | €13,725 | €13,725 | €13,725 | €26,751 | ▲ 94.9% |
| Stocks30/36 | - | - | - | €13,725 | €13,725 | €13,725 | €26,751 | ▲ 94.9% |
| Amounts receivable within one year40/41 | €134,786 | €86,386 | €72,854 | €125,091 | €212,124 | €196,049 | €89,532 | ▼ 54.3% |
| Trade receivables40 | - | - | - | €108,327 | €179,862 | €170,238 | €56,108 | ▼ 67.0% |
| Other amounts receivable41 | - | - | - | €16,765 | €32,263 | €25,810 | €33,424 | ▲ 29.5% |
| Cash at bank and in hand54/58 | €19,149 | €45,932 | €41,614 | €120,468 | €40,998 | €13,410 | €126,526 | ▲ 844% |
| Deferred charges and accrued income490/1 | - | - | - | €2,787 | €17,624 | €15,046 | €21,006 | ▲ 39.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €497,680 | €476,573 | €608,923 | €753,156 | €814,515 | €705,276 | €654,503 | ▼ 7.2% |
| Equity10/15 | €53,464 | €74,726 | €130,065 | €180,796 | €184,796 | €145,196 | €151,359 | ▲ 4.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €46,476 | €67,726 | €123,056 | €173,786 | €177,776 | €177,776 | €177,776 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €171,926 | €175,916 | €177,776 | €177,776 | = |
| Profit (loss) carried forward14 | €788 | €800 | €809 | €810 | €820 | -€38,780 | -€32,617 | ▲ 15.9% |
| Amounts payable17/49 | €444,216 | €401,847 | €478,859 | €572,360 | €629,719 | €560,080 | €503,144 | ▼ 10.2% |
| Amounts payable after more than one year17 | €247,537 | €245,122 | €383,093 | €337,295 | €362,346 | €300,528 | €225,415 | ▼ 25.0% |
| Financial debts170/4 | - | - | - | €337,295 | €362,346 | €300,528 | €225,415 | ▼ 25.0% |
| Amounts payable within one year42/48 | €196,680 | €156,725 | €95,766 | €235,065 | €267,373 | €259,551 | €277,730 | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €81,062 | €75,913 | €75,843 | €75,114 | ▼ 1.0% |
| Financial debts43 | - | - | - | €92,044 | €95,044 | €89,087 | €85,000 | ▼ 4.6% |
| Credit institutions430/8 | - | - | - | €92,044 | €95,044 | €89,087 | €85,000 | ▼ 4.6% |
| Trade debts44 | €29,056 | €30,097 | €27,139 | €42,083 | €66,181 | €73,815 | €107,481 | ▲ 45.6% |
| Suppliers440/4 | - | - | - | €42,083 | €66,181 | €73,815 | €107,481 | ▲ 45.6% |
| Advances received on contracts in progress46 | - | - | - | - | €5,419 | - | €225 | - |
| Taxes, remuneration and social security45 | - | - | - | €14,806 | €20,791 | €7,188 | €9,910 | ▲ 37.9% |
| Taxes450/3 | - | - | - | €5,068 | - | - | €4,787 | - |
| Remuneration and social security454/9 | - | - | - | €9,738 | €20,791 | €7,188 | €5,123 | ▼ 28.7% |
| Other amounts payable47/48 | - | - | - | €5,069 | €4,024 | €13,618 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €788 | €21,263 | €55,338 | €50,732 | €4,000 | -€39,600 | €6,163 | - |
| + Depreciation and write-downs630 | €35,665 | €39,203 | €32,851 | €64,730 | €86,866 | €83,719 | €86,561 | ▲ 3.4% |
| Operating cash flow (approximation) | €36,453 | €60,466 | €88,189 | €115,461 | €90,865 | €44,120 | €92,724 | ▲ 110% |
| Investment in fixed assets (approximation) | - | -€27,175 | -€191,718 | -€76,808 | -€125,824 | -€20,723 | -€10,202 | ▲ 50.8% |
| Change in cash | - | €26,783 | -€4,318 | €78,853 | -€79,469 | -€27,588 | €113,116 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 31-10-2025 | 2025-00556207 | |
| 31-03-2024 | abbreviated format | 25-10-2024 | 2024-00514332 | |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00496881 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478675 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-74900107 | |
| 31-03-2020 | micro format | 28-11-2020 | 2020-73500153 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72300466 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71000373 | |
| 31-03-2017 | micro format | 31-10-2017 | 2017-68500273 | |
| 31-03-2016 | abbreviated format | 10-08-2016 | 2016-41400309 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €595 awarded · €476 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €172 | €52 |
| 2023 | 1 | €0 | €68 |
| 2022 | 1 | €423 | €356 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michiels Kevin |
|
| Robberechts Ben |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, één of meer bestuurders”
Articles of association, deed of 27-12-2023
Owners and capital
Capital and shareholders
- 27-12-2023 Converted to unavailable equity · €8,060
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Stortingsplicht, aanmaning van één maand betekend bij aangetekende brief”Other provision: “Dagelijks bestuur, bestuursorgaan”Other provision: “Drie jaar, Controle van de vennootschap”Other provision: “Organisatie en bijeenroeping algemene vergadering, tenminste vijftien dagen”Other provision: “Schriftelijke algemene vergadering, bij authentieke akte te verlijden besluiten”Other provision: “Elektronische algemene vergadering-deelname op afstand, geacht aanwezig op plaats vergadering voor aanwezigheid en meerderheid”Other provision: “Beraadslagingen-stemrecht-volmacht-schriftelijke stem, schriftelijk aan ieder ander persoon,al dan niet aandeelhouder,door alle middelen van…”Other provision: “Elke gewone of buitengewone algemene vergadering, verdaging”Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen, onder alle aandeelhouders naar verhouding aantal aandelen”Other provision: “Oprichting of opheffing bij enkel besluit bestuursorgaan wanneer en waar nodig voor zover geen wijziging taalregime, exploitatiezetels”2 more provisions in the deed, see the deed of 27-12-2023
Articles of association, deed of 27-12-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-12
Gazette deed
Resignations: Michiels Kevin (manager) and Robberechts Ben (manager)Appointments: Michiels Kevin (director) and Robberechts Ben (director) · Capital · Registered office clause18 facts ▸
- Capital
- Other provision, “Titel VII Ontbinding-Vereffening, titel afgedrukt,inhoud Enzovoort” (deed in Dutch)
- Director resignation, Michiels Kevin (manager)
- Director appointment, Michiels Kevin (director (not named in the articles))
- Director resignation, Robberechts Ben (manager)
- Director appointment, Robberechts Ben (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerders, nog te beslissen” (deed in Dutch)
- Registered office clause, “2275 Lille (Wechelderzande),Heihoef 3 (Unit 9)” (deed in Dutch)
- Other provision, “website en e-mailadres” (deed in Dutch)
- Other provision, “proces-verbaal afsluiting, na gedeeltelijke voorlezing en integrale toelichting,ondertekening door comparanten en notaris” (deed in Dutch)
- General meeting, 07-12-2023
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm, aanpassing” (deed in Dutch)
- +6 further facts in this act
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0507.988.802
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MR PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…”
Articles of association, deed of 27-12-2023 (in Dutch)
Recognitions · licences · registrations
Recognised contractor
6 categories- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
- D14 Glazingclass 1, up to €162,000
- D15 Parquet flooringclass 1, up to €162,000
- D25 Wall and floor coverings other than marble, parquet and tilesclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13047A0198/00K003 | Flanders | 7,242 m² | 1 · 3,379 m² | 7.6 m · 2 |