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MRO PROJECTS

Active
Private limited companyfounded 201412 yrs activeRue du Poteau,Harsin 48, 6950 Nassogne, BelgiumKBO/BCE: BE 0546.620.239

MRO PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €77k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
70 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency32▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.09 in 2024; short-term debt: 93% and cash: 47% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2025
Solvency, return and age of the figures
Solvency
7%
Return on assets
28.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 924 sector peers (2025).
NBB · sector comparison
Position among 924 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-03-2026, 135 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
135 d early
2024
97 d early
2023
26 d early
2022
4 d early
2021
30 d early
2020
23 d early
2019
22 d early
← before the deadline after the deadline →
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 months
Position in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77k▼ 20.0%
2024 · €96k
2018: €179k 2019: €243k 2020: €52k 2021: €8k 2022: €70k 2023: €94k 2024: €96k
2018 → 2025
Working capital
€19k▼ 13.1%
2024 · €21k
2018: €413k 2019: €315k 2020: €363k 2021: €45k 2022: €39k 2023: €13k 2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€28k-€21k▼ 26.4%€21k▲ 1.2%€22k▲ 4.2%€19k▼ 14.7%
Operating result€15k-€97k▲ 553%€129k▲ 34.0%€129k▲ 0.1%€106k▼ 17.9%
Net result€8k-€70k▲ 821%€94k▲ 34.6%€96k▲ 1.7%€77k▼ 20.0%
Result per fiscal year
Operating resultNet result
€0€50k€100k€150kOperating result 2021: €15k€15kNet result 2021: €8k€8kOperating result 2022: €97k€97kNet result 2022: €70k€70kOperating result 2023: €129k€129kNet result 2023: €94k€94kOperating result 2024: €129k€129kNet result 2024: €96k€96kOperating result 2025: €106k€106kNet result 2025: €77k€77k20212022202320242025
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €268k
Fixed assets €274▼ 62.7%
Current assets €268k▲ 1.4%
Equity and liabilities €268k
Equity €19k▼ 14.7%
Debt €250k▲ 2.6%
The debt ratio rises from 91.7% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€107k
2024 · €130k
Cash flow
€77k
2024 · €96k
Solvency
7.0%
2024 · 8.3%
Current ratio
1.07
2024 · 1.09
Quick ratio
1.07
2024 · 1.09
Debt / equity
13.26
2024 · 11.02
ROE
407.9%
2024 · 434.5%
ROA
28.6%
2024 · 36.2%
Interest coverage
36.69
2024 · 51.14
Debt
€250k
2024 · €243k
Debt ≤ 1 year
€250k
2024 · €243k
Income taxes
€27k
2024 · €31k
Staff costs
€25k
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€265k€268k
Fixed assets21/28€735€274
Tangible fixed assets22/27€735€274
Furniture and vehicles24€735€274
Current assets29/58€264k€268k
Amounts receivable within one year40/41€120k€142k
Trade receivables40€120k€142k
Other amounts receivable41€32-
Cash at bank and in hand54/58€143k€126k
Deferred charges and accrued income490/1€2k€74
Equity and liabilities
Total equity and liabilities10/49€265k€268k
Equity10/15€22k€19k
Contributions10/11€19k€19k=
Reserves13€2k-
Distributable reserves133€2k-
Profit (loss) carried forward14€2k€215
Amounts payable17/49€243k€250k
Amounts payable within one year42/48€243k€250k
Trade debts44€49k€73k
Suppliers440/4€49k€73k
Taxes, remuneration and social security45€113k€109k
Taxes450/3€103k€98k
Remuneration and social security454/9€10k€10k
Other amounts payable47/48€82k€68k
Income statement Code20242025
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€24k€25k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579€461
Other operating charges640/8€2k€804
Non-recurring operating charges66A€8k-
Gross operating margin9900€163k€132k
Operating profit (loss)9901€129k€106k
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€3k
Recurring financial charges65€3k€3k
Profit (loss) for the period before taxes9903€127k€103k
Income taxes67/77€31k€27k
Profit (loss) for the period9904€96k€77k
Profit (loss) for the period to be appropriated9905€96k€77k
Appropriation of the result
Profit (loss) to be appropriated9906€97k€78k
Profit (loss) brought forward from the previous period14P€716€2k
Transfer from equity791/2-€2k
Profit to be distributed694/7€95k€80k
Return on contributions (dividend)694€95k€80k
Social balance
Average headcount (FTE)90870.40.4=

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-03
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
25-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €8k ▼85.5%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
08-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity triplescurrent ratio 3.94
Current ratio from 1.53 to 3.94; short-term debt falls from €597k to €124k.
09-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Highest result since 2018net €243k ▲36%
Operating result €339k, net result €243k, both a record.
02-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
03-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 acts for this company are 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, Nassogne · 1 establishment unit since 2014
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Poteau,Harsin 486950 Nassogne
Ground area
1,979 m²
Building footprint
167 m²
Parcel 83024A0060/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MRO PROJECTS
Rue du Poteau,Harsin 48, 6950 NassogneWholesale trade
since 20142.227.115.545
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
83024A0060/00H000 Wallonia 1,979 m² 1 · 167 m² -
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 24,503 companies in sector 82990 we hold annual accounts for 9,404. 5,709 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded13-02-2014
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry
E-mail:michel.rossignon@cybernet.be
Enterprise