MTL-PROJECTS
ActiveSummary
MTL-PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €497k and a net result of €129k. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+19
Solvency47▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.92 in 2023; short-term debt: 31% and cash: 5.8% of total assets), and 77.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 37953 sector peers (2024).
NBB · sector comparisonPosition among 37953 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
64 d late
2022
66 d late
2021
2 d early
2020
11 d late
2019
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€497k▲ 33.3%
2023 · €373k
2019: €48klowest in 6 years
2020: €171k▲ +257% vs 2019
2021: €265k▲ +54.5% vs 2020
2022: €280k▲ +5.6% vs 2021
2023: €373k▲ +33.3% vs 2022
2024: €497k▲ +33.3% vs 2023highest in 6 years
2019 → 2024
Total assets
€2.22M▲ 74.8%
2023 · €1.27M
2019: €62klowest in 6 years
2020: €208k▲ +234% vs 2019
2021: €353k▲ +69.5% vs 2020
2022: €752k▲ +113% vs 2021
2023: €1.27M▲ +69.1% vs 2022
2024: €2.22M▲ +74.8% vs 2023highest in 6 years
2019 → 2024
Net result
€129k▲ 31.6%
2023 · €98k
2019: €47k
2020: €123k▲ +163% vs 2019
2021: €93k▼ -24.3% vs 2020
2022: €15k▼ -84.1% vs 2021lowest in 6 years
2023: €98k▲ +563% vs 2022
2024: €129k▲ +31.6% vs 2023highest in 6 years
2019 → 2024
Working capital
€-131k
2023 · €278k
2019: €48k
2020: €171k▲ +257% vs 2019
2021: €265k▲ +54.5% vs 2020
2022: €113k▼ -57.5% vs 2021
2023: €278k▲ +147% vs 2022highest in 6 years
2024: €-131k▼ -147% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€171k-€265k▲ 54.5%€280k▲ 5.6%€373k▲ 33.3%€497k▲ 33.3%
2020: €171klowest in 5 years
2021: €265k▲ +54.5% vs 2020
2022: €280k▲ +5.6% vs 2021
2023: €373k▲ +33.3% vs 2022
2024: €497k▲ +33.3% vs 2023highest in 5 years
Operating result€157k-€118k▼ 24.9%€24k▼ 79.4%€143k▲ 487%€177k▲ 24.0%
2020: €157k
2021: €118k▼ -24.9% vs 2020
2022: €24k▼ -79.4% vs 2021lowest in 5 years
2023: €143k▲ +487% vs 2022
2024: €177k▲ +24.0% vs 2023highest in 5 years
Net result€123k-€93k▼ 24.3%€15k▼ 84.1%€98k▲ 563%€129k▲ 31.6%
2020: €123k
2021: €93k▼ -24.3% vs 2020
2022: €15k▼ -84.1% vs 2021lowest in 5 years
2023: €98k▲ +563% vs 2022
2024: €129k▲ +31.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.22M
Fixed assets
€1.67M ▲ 142%
Current assets
€557k ▼ 4.4%
Equity and liabilities €2.22M
Equity
€497k ▲ 33.3%
Debt
€1.73M ▲ 92.0%
Debt's share of the balance-sheet total rises from 70.7% to 77.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186k
Cash flow
€138k
Current ratio
0.81▼
2023 · 1.92
Debt to equity
3.47▲
2023 · 2.41
ROE
26.0%▼
2023 · 26.3%
ROA
5.8%▼
2023 · 7.7%
Interest coverage
7.18
Debt ≤ 1 year
€688k▲
2023 · €304k
Debt > 1 year
€1.04M▲
2023 · €595k
Income taxes
€23k▲
2023 · €22k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€2.22M▲
Fixed assets21/28€690k€1.67M▲
Tangible fixed assets22/27€690k€1.67M▲
Land and buildings22€514k€1.45M▲
Assets under construction and advance payments27€176k€211k▲
Current assets29/58€582k€557k▼
Amounts receivable within one year40/41€524k€427k▼
Trade receivables40€480k€363k▼
Other amounts receivable41€44k€63k▲
Cash at bank and in hand54/58€58k€130k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€2.22M▲
Equity10/15€373k€497k▲
Contributions10/11€1k€1k=
Reserves13€372k€372k=
Distributable reserves133€372k€372k=
Profit (loss) carried forward14-€124k
Amounts payable17/49€899k€1.73M▲
Amounts payable after more than one year17€595k€1.04M▲
Financial debts170/4€595k€1.04M▲
Amounts payable within one year42/48€304k€688k▲
Current portion of amounts payable after more than one year42€12k€32k▲
Trade debts44€227k€571k▲
Suppliers440/4€227k€571k▲
Taxes, remuneration and social security45€60k€80k▲
Taxes450/3€60k€80k▲
Other amounts payable47/48€5k€5k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€9k
Other operating charges640/8€681€576▼
Gross operating margin9900€143k€187k▲
Operating profit (loss)9901€143k€177k▲
Financial income75/76B€855€2k▲
Recurring financial income75€855€2k▲
Financial charges65/66B€23k€26k▲
Recurring financial charges65€23k€26k▲
Profit (loss) for the period before taxes9903€120k€152k▲
Income taxes67/77€22k€23k▲
Profit (loss) for the period9904€98k€129k▲
Profit (loss) for the period to be appropriated9905€98k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€98k€129k▲
Transfer to equity691/2€93k-
To other reserves6921€93k-
Profit to be distributed694/7€5k€5k=
Directors or managers695€5k€5k=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €69k | - | €9k | - |
| Other operating charges640/8 | - | - | €632 | €681 | €576 | ▼ 15.4% |
| Non-recurring operating charges66A | - | - | €171k | - | - | - |
| Gross operating margin9900 | €158k | €118k | €264k | €143k | €187k | ▲ 30.4% |
| Operating profit (loss)9901 | €157k | €118k | €24k | €143k | €177k | ▲ 24.0% |
| Financial income75/76B | - | - | €255 | €855 | €2k | ▲ 75.6% |
| Recurring financial income75 | - | - | €255 | €855 | €2k | ▲ 75.6% |
| Financial charges65/66B | - | €194 | €6k | €23k | €26k | ▲ 11.0% |
| Recurring financial charges65 | €176 | €194 | €6k | €23k | €26k | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | €157k | €118k | €19k | €120k | €152k | ▲ 27.0% |
| Income taxes67/77 | €33k | €24k | €4k | €22k | €23k | ▲ 6.2% |
| Profit (loss) for the period9904 | €123k | €93k | €15k | €98k | €129k | ▲ 31.6% |
| Profit (loss) for the period to be appropriated9905 | €123k | €93k | €15k | €98k | €129k | ▲ 31.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208k | €353k | €752k | €1.27M | €2.22M | ▲ 74.8% |
| Fixed assets21/28 | - | - | €348k | €690k | €1.67M | ▲ 142% |
| Tangible fixed assets22/27 | - | - | €348k | €690k | €1.67M | ▲ 142% |
| Land and buildings22 | - | - | €348k | €514k | €1.45M | ▲ 183% |
| Assets under construction and advance payments27 | - | - | - | €176k | €211k | ▲ 19.9% |
| Current assets29/58 | €208k | €353k | €404k | €582k | €557k | ▼ 4.4% |
| Stocks and contracts in progress3 | - | - | €4k | - | - | - |
| Stocks30/36 | - | - | €4k | - | - | - |
| Amounts receivable within one year40/41 | €134k | €232k | €355k | €524k | €427k | ▼ 18.5% |
| Trade receivables40 | - | €232k | €351k | €480k | €363k | ▼ 24.3% |
| Other amounts receivable41 | - | €16 | €4k | €44k | €63k | ▲ 45.2% |
| Cash at bank and in hand54/58 | €74k | €114k | €46k | €58k | €130k | ▲ 123% |
| Deferred charges and accrued income490/1 | - | €7k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208k | €353k | €752k | €1.27M | €2.22M | ▲ 74.8% |
| Equity10/15 | €171k | €265k | €280k | €373k | €497k | ▲ 33.3% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €170k | €264k | €279k | €372k | €372k | = |
| Distributable reserves133 | - | €264k | €279k | €372k | €372k | = |
| Profit (loss) carried forward14 | - | - | - | - | €124k | - |
| Amounts payable17/49 | €37k | €88k | €472k | €899k | €1.73M | ▲ 92.0% |
| Amounts payable after more than one year17 | - | - | €181k | €595k | €1.04M | ▲ 74.3% |
| Financial debts170/4 | - | - | €181k | €595k | €1.04M | ▲ 74.3% |
| Amounts payable within one year42/48 | €37k | €88k | €291k | €304k | €688k | ▲ 126% |
| Current portion of amounts payable after more than one year42 | - | - | €11k | €12k | €32k | ▲ 177% |
| Trade debts44 | €401 | - | €246k | €227k | €571k | ▲ 152% |
| Suppliers440/4 | - | - | €246k | €227k | €571k | ▲ 152% |
| Taxes, remuneration and social security45 | - | €62k | €34k | €60k | €80k | ▲ 31.9% |
| Taxes450/3 | - | €62k | €34k | €60k | €80k | ▲ 31.9% |
| Other amounts payable47/48 | - | €26k | - | €5k | €5k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €93k | €15k | €98k | €129k | ▲ 31.6% |
| + Depreciation and write-downs630 | - | - | €69k | - | €9k | - |
| Operating cash flow (approximation) | €123k | €93k | €84k | €98k | €138k | ▲ 41.1% |
| Investment in fixed assets (approximation) | - | - | - | €-341k | €-985k | ▼ 189% |
| Change in cash | - | €40k | €-69k | €13k | €72k | ▲ 467% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2019net €129k ▲31.6%
Operating result €177k, net result €129k, both a record.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €15k ▼84.1%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €265k ▲54.5%
3 profitable years in a row build equity to €265k.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Equity above €150kEq €171k ▲257%
2 profitable years in a row build equity to €171k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maldegem · 1 establishment unit since 2019
Ground area
1,678 m²
Building footprint
192 m²
Volume, LiDAR
1,152 m³
Parcel 43503H0938/00B000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MTL-PROJECTS
since 20192.291.285.401
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H0938/00B000 | Flanders | 1,678 m² | 1 · 192 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 34,695 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
Founded26-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
01610Support activities for crop production
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.