Equity
€408,681 ▼ 17.7%
MTL-PROJECTS paid out €200,000 in dividends. That is 179% of the 2025 profit.
MTL-PROJECTS
Lifetime
7 annual accounts with figures on one time axispeak €264,335 (2022)
€257,695▲ 38.0%
peak €129,113 (2024)
€111,929▼ 13.3%
peak €496,752 (2024)
€408,681▼ 17.7%
€2.0m▲ 15.9%
Board1 name since 2019
1 directorMARTENS Hans Jules Martha
Documentsfilings and deeds
13-10-202674 days late
2025micro format
Gross margin from €186,687 to €257,695Dividend €200,000Equity from €496,752 to €408,681Debts from €1.7m to €2.0mInvestments €451,556
Key points
from the 2025 annual accountsTurnover
≈ €370,000 estimated
The micro format states no turnover.
Debts
€2.0m 83% of the balance sheet
Financial debts 83%Suppliers 1%Taxes and wages 6%Other 10%
Of this, €341,671 falls due within a year.
Investments
€551,382 9.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 41.6% higher than in 2024.
Filings
7 annual accounts 74 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€111,929
Higher net result than 87% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
Checked score
87
Excellent
Financially stronger than 36% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025
09-2025: 0.8%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.7 percentage points vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.2 percentage points vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 74 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €2.4m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 15-10-2026)
Calculation
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 70, small). It does better than 19% of them on solvency, 72% on liquidity, 43% on profitability and 11% 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as MTL-PROJECTS has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MTL-PROJECTS itself is lower: 0.2% within 12 months. It rests on far more data about MTL-PROJECTS than the profile alone.
Test of the method
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 2,372 companies, not a prediction for MTL-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.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (0.81 in 2024), below the usual 1.5. Short-term debt is 14.2% and cash 6.1% of total assets. 83% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 39364 sector peers (2025).
NBB · sector comparisonPosition among 39364 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
74 days late
2024
55 days late
2023
64 days late
2022
66 days late
2021
2 days early
2020
11 days late
2019
33 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
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Registered in the Peppol Directory
Reachable for e-invoices through 0208:0728924415
Incorporation
Founder: MARTENS Hans Jules Martha (partner and founder) · Founding capital of €1,000, 10 shares · Appointment: MARTENS Hans Jules Martha (statutory director) · published on 28-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTL-PROJECTS Maldegem | €2.4m | €257,695 | 17.0% | - |
| W.A.R.D. MANAGEMENT Wichelen | €2.6m | €299,022 | 45.6% | - |
| IBO ZENNER GROUP Ghent | €2.1m | €300,175 | 24.7% | - |
| IDENTIS INVEST Zoersel | €2.2m | €246,142 | 58.2% | 1.2 |
| CST MANAGEMENT Uccle | €2.7m | €270,210 | 39.7% | - |
| VERHEGGE LOGISTICS CONSULTANCY & MANAGEMENT Zedelgem | €2.5m | €271,906 | 22.9% | 0.8 |
| Elodes Anzegem | €2.6m | €272,323 | 26.2% | - |
These companies have the same main activity as MTL-PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.1m and €2.7m, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 26-06-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.291.285.4019990 Maldegem, since 26-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 22-08-2024
Insights on MTL-PROJECTS
MTL-PROJECTS files the micro format. That format states no turnover. The gross margin rose from €59,077 in 2019 to €257,695 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MTL-PROJECTS
- What is the company number of MTL-PROJECTS?
- The company number of MTL-PROJECTS is 0728.924.415. The VAT number is the same number with BE in front: BE 0728.924.415.
- Where is MTL-PROJECTS based?
- The registered office is at Butswervestraat 5, 9990 Maldegem.Company details
- What does MTL-PROJECTS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MTL-PROJECTS?
- MTL-PROJECTS is a private limited company (BV).
- When was MTL-PROJECTS founded?
- MTL-PROJECTS was founded on 26-06-2019.
- Is MTL-PROJECTS still active?
- Yes, MTL-PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MTL-PROJECTS?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €257,695 and 95 comparable companies (NACE 70200). It probably lies between €310,000 and €650,000.Financials
- Is MTL-PROJECTS profitable?
- In financial year 2025, MTL-PROJECTS made a profit of €111,929.
- Where can I find the annual accounts of MTL-PROJECTS?
- MTL-PROJECTS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MTL-PROJECTS due?
- MTL-PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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