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P&M Projects

Active
Private limited companyfounded 20206 yrs activeDorpsstraat(LUB) 31, 3210 Lubbeek, BelgiumKBO/BCE: BE 0745.806.175
Summary

The computed 12-month bankruptcy probability of P&M Projects is 2.4% (moderate). The 2024 annual accounts show equity of €271,508 and a net result of €42,131. Equity is growing by ~7.1% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability75▲+39
Solvency100▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 25.16 against 2.72 in 2023; short-term debt: 4% and cash: 4.2% of total assets), and 4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
32 d early
2024
31 d early
2023
27 d early
2022
24 d early
2021
32 d early
2020
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

History

P&M Projects was incorporated on 3 April 2020 as a Private limited company.1 Total assets fell from EUR 357,275 in 2020 to EUR 282,746 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€0
Total assets
€282,746▼ 22.1%
2023 · €362,847
Net result
€42,131
2023 · -€1,820
Working capital
€271,508▲ 18.4%
2023 · €229,378
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€0
Operating result-€946-€32,060€7,854▼ 75.5%-€1,778€53,410
Net result-€963-€25,839€6,322▼ 75.5%-€1,820€42,131
Equity€199,037-€224,876▲ 13.0%€231,198▲ 2.8%€229,378▼ 0.8%€271,508▲ 18.4%
Total assets€357,275-€249,335▼ 30.2%€362,152▲ 45.2%€362,847▲ 0.2%€282,746▼ 22.1%
Debt€158,238-€24,459▼ 84.5%€130,954▲ 435%€133,469▲ 1.9%€11,238▼ 91.6%
Working capital€199,037-€224,912▲ 13.0%€231,198▲ 2.8%€229,378▼ 0.8%€271,508▲ 18.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2020: -€946-€946Net result 2020: -€963-€963Operating result 2021: €32,060€32,060Net result 2021: €25,839€25,839Operating result 2022: €7,854€7,854Net result 2022: €6,322€6,322Operating result 2023: -€1,778-€1,778Net result 2023: -€1,820-€1,820Operating result 2024: €53,410€53,410Net result 2024: €42,131€42,13120202021202220232024-€20,000€0€20,000€40,000€60,000Operating result 2022: €7,854€7,850Net result 2022: €6,322€6,320Operating result 2023: -€1,778-€1,780Net result 2023: -€1,820-€1,820Operating result 2024: €53,410€53,400Net result 2024: €42,131€42,100202220232024
The operating result returns to profit in 2024: €53,410 after a loss of €1,778 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €282,746
Equity €271,508 ▲ 18.4%
Debt €11,238 ▼ 91.6%
Debt's share of the balance-sheet total falls from 36.8% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
25.16▲
2023 · 2.72
Quick ratio
5.58▲
2023 · 0.04
Debt to equity
0.04▼
2023 · 0.58
ROE
15.5%▲
2023 · -0.8%
ROA
14.9%▲
2023 · -0.5%
Debt ≤ 1 year
€11,238▼
2023 · €133,469
Income taxes
€11,238▲
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 26,975 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€362,847€282,746▼
Current assets29/58€362,847€282,746▼
Stocks and contracts in progress3€357,826€219,989▼
Stocks30/36€357,826€219,989▼
Amounts receivable within one year40/41€5,000€50,862▲
Other amounts receivable41€5,000€50,862▲
Cash at bank and in hand54/58€20€11,895▲
Equity and liabilities
Total equity and liabilities10/49€362,847€282,746▼
Equity10/15€229,378€271,508▲
Contributions10/11€200,000€200,000=
Profit (loss) carried forward14€29,378€71,508▲
Amounts payable17/49€133,469€11,238▼
Amounts payable within one year42/48€133,469€11,238▼
Taxes, remuneration and social security45€1,531€11,238▲
Taxes450/3€1,531€11,238▲
Other amounts payable47/48€131,938€0▼
Income statement Code20232024
Turnover70€0-
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€1,393-
Other operating charges640/8€384€387▲
Gross operating margin9900-€1,393€53,797▲
Operating profit (loss)9901-€1,778€53,410▲
Financial charges65/66B€42€42=
Recurring financial charges65€42€42=
Profit (loss) for the period before taxes9903-€1,820€53,368▲
Income taxes67/77€0€11,238▲
Profit (loss) for the period9904-€1,820€42,131▲
Profit (loss) for the period to be appropriated9905-€1,820€42,131▲
Appropriation of the result
Profit (loss) to be appropriated9906€29,378€71,508▲
Profit (loss) brought forward from the previous period14P€31,198€29,378▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70---€0--
Non-recurring operating income76A---€0--
Goods, raw materials, services and sundry goods60/61---€1,393--
Other operating charges640/8---€384€387▲ 0.8%
Gross operating margin9900-€946€32,060€7,854-€1,393€53,797▲ 3,961%
Operating profit (loss)9901-€946€32,060€7,854-€1,778€53,410▲ 3,104%
Financial charges65/66B-€36€2€42€42=
Recurring financial charges65€17€36€2€42€42=
Profit (loss) for the period before taxes9903-€963€32,024€7,852-€1,820€53,368▲ 3,033%
Income taxes67/77-€6,185€1,531€0€11,238-
Profit (loss) for the period9904-€963€25,839€6,322-€1,820€42,131▲ 2,415%
Profit (loss) for the period to be appropriated9905-€963€25,839€6,322-€1,820€42,131▲ 2,415%
Line20202021202220232024Change
Assets
Total assets20/58€357,275€249,335€362,152€362,847€282,746▼ 22.1%
Current assets29/58€357,275€249,335€362,152€362,847€282,746▼ 22.1%
Stocks and contracts in progress3€356,222€19,500€361,726€357,826€219,989▼ 38.5%
Stocks30/36-€19,500€361,726€357,826€219,989▼ 38.5%
Amounts receivable within one year40/41---€5,000€50,862▲ 917%
Other amounts receivable41---€5,000€50,862▲ 917%
Cash at bank and in hand54/58€1,054€229,835€425€20€11,895▲ 58,009%
Equity and liabilities
Total equity and liabilities10/49€357,275€249,335€362,152€362,847€282,746▼ 22.1%
Equity10/15€199,037€224,876€231,198€229,378€271,508▲ 18.4%
Contributions10/11-€200,000€200,000€200,000€200,000=
Profit (loss) carried forward14-€963€24,876€31,198€29,378€71,508▲ 143%
Amounts payable17/49€158,238€24,459€130,954€133,469€11,238▼ 91.6%
Amounts payable within one year42/48€158,238€24,423€130,954€133,469€11,238▼ 91.6%
Taxes, remuneration and social security45-€6,185€7,716€1,531€11,238▲ 634%
Taxes450/3-€6,185€7,716€1,531€11,238▲ 634%
Other amounts payable47/48-€18,238€123,238€131,938€0▼ 100%
Accrued charges and deferred income492/3-€36€0---
Line20202021202220232024Change
Profit (loss) for the period9904-€963€25,839€6,322-€1,820€42,131▲ 2,415%
Operating cash flow (approximation)-€963€25,839€6,322-€1,820€42,131▲ 2,415%
Change in cash-€228,782-€229,410-€405€11,874▲ 3,032%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €42,131
Net result €42,131 after one loss-making year.
31-12
Financial Liquidity times 9current ratio 25.16
Current ratio from 2.72 to 25.16; short-term debt falls from €133,469 to €11,238.
04-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€1,820
Net result drops to -€1,820, the lowest in the series; recovery starts the following year.
07-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €25,839
Net result €25,839 after one loss-making year.
31-12
Financial Liquidity times 5current ratio 10.21
Current ratio from 2.26 to 10.21; short-term debt falls from €158,238 to €24,423.
31-12
Financial Equity above €200,000Eq €224,876 ▲13%
Equity rises from €199,037 to €224,876.
02-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
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, Lubbeek · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1,592 m²
Building footprint
178 m²
Volume, LiDAR
1,031 m³
Parcel 24066E0087/00R002, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P&M Projects
Dorpsstraat(LUB) 31, 3210 LubbeekReal estate activities
since 20202.301.418.436
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24066E0087/00R002 Flanders 1,592 m² 1 · 178 m² 10.7 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-04-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.