MRTNS Projects
ActiveSummary
MRTNS Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €63k. Equity is growing by ~48.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 7.57 against 5.82 in 2024; short-term debt: 12.8% and cash: 80.1% of total assets), and 12.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
87.2%
Return on assets
33.2%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
15 d early
2024
30 d early
2023
on the day
← 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, abbreviated schema
Equity
€165k▲ 47.0%
2024 · €112k
2023: €56klowest in 3 years
2024: €112k▲ +100.0% vs 2023
2025: €165k▲ +47.0% vs 2024highest in 3 years
2023 → 2025
Total assets
€189k▲ 42.2%
2024 · €133k
2023: €78klowest in 3 years
2024: €133k▲ +70.9% vs 2023
2025: €189k▲ +42.2% vs 2024highest in 3 years
2023 → 2025
Net result
€63k▲ 11.8%
2024 · €56k
2023: €55klowest in 3 years
2024: €56k▲ +2.7% vs 2023
2025: €63k▲ +11.8% vs 2024highest in 3 years
2023 → 2025
Working capital
€159k▲ 58.4%
2024 · €101k
2023: €49klowest in 3 years
2024: €101k▲ +105% vs 2023
2025: €159k▲ +58.4% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€56k-€112k▲ 100.0%€165k▲ 47.0%
2023: €56klowest in 3 years
2024: €112k▲ +100.0% vs 2023
2025: €165k▲ +47.0% vs 2024highest in 3 years
Operating result€71k-€73k▲ 1.6%€80k▲ 10.4%
2023: €71klowest in 3 years
2024: €73k▲ +1.6% vs 2023
2025: €80k▲ +10.4% vs 2024highest in 3 years
Net result€55k-€56k▲ 2.7%€63k▲ 11.8%
2023: €55klowest in 3 years
2024: €56k▲ +2.7% vs 2023
2025: €63k▲ +11.8% vs 2024highest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€6k ▼ 50.1%
Current assets
€184k ▲ 51.2%
Equity and liabilities €189k
Equity
€165k ▲ 47.0%
Debt
€24k ▲ 16.3%
Debt's share of the balance-sheet total falls from 15.6% to 12.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83k▲
2024 · €74k
Cash flow
€65k▲
2024 · €58k
Current ratio
7.57▲
2024 · 5.82
Debt to equity
0.15▼
2024 · 0.19
ROE
38.0%▼
2024 · 50.0%
ROA
33.2%▼
2024 · 42.2%
Interest coverage
59.97▲
2024 · 46.98
Debt ≤ 1 year
€24k▲
2024 · €21k
Income taxes
€16k▲
2024 · €15k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€133k€189k▲
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24€12k€6k▼
Current assets29/58€121k€184k▲
Amounts receivable within one year40/41€20k€12k▼
Trade receivables40€15k-
Other amounts receivable41€5k€12k▲
Current investments50/53-€20k
Cash at bank and in hand54/58€99k€152k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€133k€189k▲
Equity10/15€112k€165k▲
Contributions10/11€2k€2k=
Reserves13€111k€164k▲
Distributable reserves133€111k€164k▲
Amounts payable17/49€21k€24k▲
Amounts payable within one year42/48€21k€24k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€19k€23k▲
Taxes450/3€19k€23k▲
Remuneration and social security454/9€153-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€377€749▲
Gross operating margin9900€75k€83k▲
Operating profit (loss)9901€73k€80k▲
Financial income75/76B€140€460▲
Recurring financial income75€140€460▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€71k€79k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€56k€63k▲
Profit (loss) for the period to be appropriated9905€56k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€63k▼
Profit (loss) brought forward from the previous period14P€55k-
Transfer from equity791/2-€10k
Transfer to equity691/2€111k€63k▼
To other reserves6921€111k€63k▼
Profit to be distributed694/7-€10k
Return on contributions (dividend)694-€10k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €377 | €2k | €2k | ▲ 31.1% |
| Other operating charges640/8 | €986 | €377 | €749 | ▲ 98.9% |
| Gross operating margin9900 | €73k | €75k | €83k | ▲ 11.4% |
| Operating profit (loss)9901 | €71k | €73k | €80k | ▲ 10.4% |
| Financial income75/76B | €0 | €140 | €460 | ▲ 228% |
| Recurring financial income75 | €0 | €140 | €460 | ▲ 228% |
| Financial charges65/66B | €2k | €2k | €1k | ▼ 13.1% |
| Recurring financial charges65 | €2k | €2k | €1k | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €70k | €71k | €79k | ▲ 11.4% |
| Income taxes67/77 | €15k | €15k | €16k | ▲ 9.7% |
| Profit (loss) for the period9904 | €55k | €56k | €63k | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €55k | €56k | €63k | ▲ 11.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €78k | €133k | €189k | ▲ 42.2% |
| Fixed assets21/28 | €7k | €12k | €6k | ▼ 50.1% |
| Tangible fixed assets22/27 | €7k | €12k | €6k | ▼ 50.1% |
| Furniture and vehicles24 | €7k | €12k | €6k | ▼ 50.1% |
| Current assets29/58 | €71k | €121k | €184k | ▲ 51.2% |
| Amounts receivable within one year40/41 | €27k | €20k | €12k | ▼ 40.2% |
| Trade receivables40 | €27k | €15k | - | - |
| Other amounts receivable41 | €15 | €5k | €12k | ▲ 135% |
| Current investments50/53 | - | - | €20k | - |
| Cash at bank and in hand54/58 | €43k | €99k | €152k | ▲ 53.5% |
| Deferred charges and accrued income490/1 | €1k | €3k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €78k | €133k | €189k | ▲ 42.2% |
| Equity10/15 | €56k | €112k | €165k | ▲ 47.0% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | - | €111k | €164k | ▲ 47.6% |
| Distributable reserves133 | - | €111k | €164k | ▲ 47.6% |
| Profit (loss) carried forward14 | €55k | - | - | - |
| Amounts payable17/49 | €22k | €21k | €24k | ▲ 16.3% |
| Amounts payable within one year42/48 | €22k | €21k | €24k | ▲ 16.3% |
| Trade debts44 | €2k | €1k | €2k | ▲ 12.6% |
| Suppliers440/4 | €2k | €1k | €2k | ▲ 12.6% |
| Taxes, remuneration and social security45 | €20k | €19k | €23k | ▲ 16.6% |
| Taxes450/3 | €20k | €19k | €23k | ▲ 17.5% |
| Remuneration and social security454/9 | - | €153 | - | - |
| Other amounts payable47/48 | €381 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €56k | €63k | ▲ 11.8% |
| + Depreciation and write-downs630 | €377 | €2k | €2k | ▲ 31.1% |
| Operating cash flow (approximation) | €55k | €58k | €65k | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | €-6k | €4k | ▲ 155% |
| Change in cash | - | €56k | €53k | ▼ 5.8% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €63k ▲11.8%
Operating result €80k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲47%
3 profitable years in a row build equity to €165k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €112k ▲100%
2 profitable years in a row build equity to €112k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Hasselt · 2 establishment units since 2022
Ground area
480 m²
Building footprint
223 m²
Volume, LiDAR
2,060 m³
2 parcels, Brussels, Flanders · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
MRTNS Projects
since 20222.339.428.083
Jaargetijdenlaan 77, 1050 Elsene
since 20262.391.933.490
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0099/00F005 | Flanders | 381 m² | 1 · 146 m² | 9.6 m · 3 fl. |
| 21445C0234/00V021 | Brussels | 99 m² | 1 · 78 m² | 16.9 m · 5 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 459 EUR awarded · 459 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 234 EUR | 234 EUR |
| 2024 | 1 | 225 EUR | 225 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,739 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
Founded06-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
82990Other business support services
85599Other education
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.