Project MM
ActiveSummary
Project MM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency66▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.58 in 2024; short-term debt: 57.2% and cash: 100% of total assets), but 59.4% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
40.6%
Return on assets
49%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
27 d late
2023
15 d early
2022
5 d early
2021
31 d late
← 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, micro schema
Equity
€8k=
2024 · €8k
2021: €-2klowest in 5 years
2022: €8k▲ +509% vs 2021
2023: €13k▲ +51.9% vs 2022highest in 5 years
2024: €8k▼ -40.2% vs 2023
2025: €8k● 0.0% vs 2024
2021 → 2025
Total assets
€18k▼ 7.8%
2024 · €20k
2021: €9klowest in 5 years
2022: €16k▲ +85.7% vs 2021
2023: €24k▲ +47.1% vs 2022highest in 5 years
2024: €20k▼ -16.5% vs 2023
2025: €18k▼ -7.8% vs 2024
2021 → 2025
Net result
€9k▲ 34.4%
2024 · €7k
2021: €-10klowest in 5 years
2022: €12k▲ +225% vs 2021highest in 5 years
2023: €6k▼ -49.9% vs 2022
2024: €7k▲ +13.0% vs 2023
2025: €9k▲ +34.4% vs 2024
2021 → 2025
Working capital
€8k▲ 8.7%
2024 · €7k
2021: €-10klowest in 5 years
2022: €7k▲ +170% vs 2021
2023: €12k▲ +79.0% vs 2022highest in 5 years
2024: €7k▼ -38.8% vs 2023
2025: €8k▲ +8.7% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€8k€13k▲ 51.9%€8k▼ 40.2%€8k=
2021: €-2klowest in 5 years
2022: €8k▲ +509% vs 2021
2023: €13k▲ +51.9% vs 2022highest in 5 years
2024: €8k▼ -40.2% vs 2023
2025: €8k● 0.0% vs 2024
Operating result€-9k-€12k€7k▼ 37.7%€9k▲ 15.3%€12k▲ 44.7%
2021: €-9klowest in 5 years
2022: €12k▲ +225% vs 2021
2023: €7k▼ -37.7% vs 2022
2024: €9k▲ +15.3% vs 2023
2025: €12k▲ +44.7% vs 2024highest in 5 years
Net result€-10k-€12k€6k▼ 49.9%€7k▲ 13.0%€9k▲ 34.4%
2021: €-10klowest in 5 years
2022: €12k▲ +225% vs 2021highest in 5 years
2023: €6k▼ -49.9% vs 2022
2024: €7k▲ +13.0% vs 2023
2025: €9k▲ +34.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€8k =
Debt
€11k ▼ 12.5%
Debt's share of the balance-sheet total falls from 62.6% to 59.4%. Debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €9k
Cash flow
€9k▲
2024 · €7k
Current ratio
1.75▲
2024 · 1.58
Debt to equity
1.46▼
2024 · 1.67
ROE
120.6%▲
2024 · 89.7%
ROA
49.0%▲
2024 · 33.6%
Interest coverage
65.88▲
2024 · 56.16
Debt ≤ 1 year
€11k▼
2024 · €13k
Income taxes
€3k▲
2024 · €2k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20k€18k▼
Fixed assets21/28€231€0▼
Tangible fixed assets22/27€231€0▼
Plant, machinery and equipment23€231€0▼
Current assets29/58€20k€18k▼
Amounts receivable within one year40/41€9€0▼
Other amounts receivable41€9€0▼
Cash at bank and in hand54/58€20k€18k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€20k€18k▼
Equity10/15€8k€8k=
Contributions10/11€8k€8k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€13k€11k▼
Amounts payable within one year42/48€13k€11k▼
Trade debts44€322€163▼
Suppliers440/4€322€163▼
Taxes, remuneration and social security45€440€627▲
Taxes450/3€440€627▲
Other amounts payable47/48€12k€10k▼
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€428€231▼
Other operating charges640/8€579€640▲
Gross operating margin9900€10k€13k▲
Operating profit (loss)9901€9k€12k▲
Financial income75/76B€35€2▼
Recurring financial income75€35€2▼
Financial charges65/66B€160€191▲
Recurring financial charges65€160€191▲
Profit (loss) for the period before taxes9903€8k€12k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€7k€9k▲
Profit (loss) for the period to be appropriated9905€7k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€9k▼
Profit (loss) brought forward from the previous period14P€5k€0▼
Profit to be distributed694/7€12k€9k▼
Return on contributions (dividend)694€12k€9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €1k | €959 | €428 | €231 | ▼ 46.0% |
| Other operating charges640/8 | €101 | €102 | €629 | €579 | €640 | ▲ 10.5% |
| Non-recurring operating charges66A | - | €1k | €0 | - | - | - |
| Gross operating margin9900 | €-6k | €15k | €9k | €10k | €13k | ▲ 38.6% |
| Operating profit (loss)9901 | €-9k | €12k | €7k | €9k | €12k | ▲ 44.7% |
| Financial income75/76B | €35 | €63 | €0 | €35 | €2 | ▼ 95.3% |
| Recurring financial income75 | €35 | €63 | €0 | €35 | €2 | ▼ 95.3% |
| Financial charges65/66B | €73 | €80 | €187 | €160 | €191 | ▲ 19.7% |
| Recurring financial charges65 | €73 | €80 | €187 | €160 | €191 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | €-10k | €12k | €7k | €8k | €12k | ▲ 44.6% |
| Income taxes67/77 | - | - | €1k | €2k | €3k | ▲ 85.0% |
| Profit (loss) for the period9904 | €-10k | €12k | €6k | €7k | €9k | ▲ 34.4% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €12k | €6k | €7k | €9k | ▲ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9k | €16k | €24k | €20k | €18k | ▼ 7.8% |
| Fixed assets21/28 | €7k | €2k | €660 | €231 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €7k | €2k | €660 | €231 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €7k | €2k | €660 | €231 | €0 | ▼ 100% |
| Current assets29/58 | €1k | €15k | €23k | €20k | €18k | ▼ 6.7% |
| Amounts receivable within one year40/41 | €987 | €2k | €191 | €9 | €0 | ▼ 100% |
| Trade receivables40 | €210 | €2k | €0 | - | - | - |
| Other amounts receivable41 | €777 | €0 | €191 | €9 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €301 | €13k | €23k | €20k | €18k | ▼ 6.7% |
| Deferred charges and accrued income490/1 | - | - | €200 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9k | €16k | €24k | €20k | €18k | ▼ 7.8% |
| Equity10/15 | €-2k | €8k | €13k | €8k | €8k | = |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-10k | €754 | €5k | €0 | €0 | - |
| Amounts payable17/49 | €11k | €8k | €11k | €13k | €11k | ▼ 12.5% |
| Amounts payable within one year42/48 | €11k | €8k | €11k | €13k | €11k | ▼ 15.7% |
| Trade debts44 | €209 | €539 | €920 | €322 | €163 | ▼ 49.4% |
| Suppliers440/4 | €209 | €539 | €920 | €322 | €163 | ▼ 49.4% |
| Taxes, remuneration and social security45 | €166 | €3k | €4k | €440 | €627 | ▲ 42.4% |
| Taxes450/3 | €166 | €3k | €4k | €440 | €627 | ▲ 42.4% |
| Other amounts payable47/48 | €10k | €5k | €7k | €12k | €10k | ▼ 16.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €12k | €6k | €7k | €9k | ▲ 34.4% |
| + Depreciation and write-downs630 | €4k | €1k | €959 | €428 | €231 | ▼ 46.0% |
| Operating cash flow (approximation) | €-6k | €13k | €7k | €7k | €9k | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | €4k | €0 | €0 | €0 | - |
| Change in cash | - | €13k | €10k | €-3k | €-1k | ▲ 58.0% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity times 15current ratio 1.82
Current ratio from 0.12 to 1.82; short-term debt falls from €11k to €8k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ranst · 1 establishment unit since 2020
Ground area
1,111 m²
Building footprint
222 m²
Volume, LiDAR
983 m³
Parcel 11035B0124/00F000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Profeetstraat 97, 2520 Ranst
since 20202.304.396.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035B0124/00F000 | Flanders | 1,111 m² | 1 · 222 m² | 7.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 660 EUR awarded · 660 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 660 EUR | 660 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 2,454 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
Founded22-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
85510Sports and recreation education
93110Operation of sports facilities
93129Activities of other sports clubs
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.