PROJECTM
ActivePROJECTM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78k and a net result of €12k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-2
Solvency49▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.26 in 2023; short-term debt: 38.2% and cash: 11% of total assets), and 75.7% of the assets are financed with debt.
Credit advice 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.3%
Return on assets
3.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
27 d late
2022
21 d late
2021
25 d late
2020
25 d late
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€78k▲ 15.7%
2023 · €67k
2018: €30k
2019: €68k
2020: €89k
2021: €54k
2022: €52k
2023: €67k
2018 → 2024
Total assets
€322k▲ 2.2%
2023 · €315k
2018: €39k
2019: €89k
2020: €108k
2021: €129k
2022: €205k
2023: €315k
2018 → 2024
Net result
€12k▼ 28.9%
2023 · €17k
2018: €24k
2019: €38k
2020: €21k
2021: €25k
2022: €33k
2023: €17k
2018 → 2024
Working capital
€25k▼ 5.5%
2023 · €26k
2018: €28k
2019: €66k
2020: €87k
2021: €53k
2022: €20k
2023: €26k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89k-€54k▼ 38.9%€52k▼ 4.3%€67k▲ 30.3%€78k▲ 15.7%
Operating result€28k-€34k▲ 21.3%€45k▲ 31.8%€29k▼ 36.1%€27k▼ 7.0%
Net result€21k-€25k▲ 21.4%€33k▲ 31.2%€17k▼ 47.9%€12k▼ 28.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 7% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €322k
Fixed assets
€174k▼ 6.5%
Current assets
€148k▲ 14.6%
Equity and liabilities €322k
Equity
€78k▲ 15.7%
Debt
€244k▼ 1.5%
The debt ratio falls from 78.6% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▼
2023 · €68k
Cash flow
€38k▼
2023 · €56k
Solvency
24.3%▲
2023 · 21.4%
Current ratio
1.20▼
2023 · 1.26
Quick ratio
1.20▼
2023 · 1.26
Debt / equity
3.12▼
2023 · 3.67
ROE
15.7%▼
2023 · 25.6%
ROA
3.8%▼
2023 · 5.5%
Interest coverage
9.64▼
2023 · 16.31
Debt
€244k▼
2023 · €247k
Debt ≤ 1 year
€123k▲
2023 · €102k
Debt > 1 year
€121k▼
2023 · €145k
Income taxes
€9k▲
2023 · €7k
Staff costs
€163▼
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€315k€322k▲
Fixed assets21/28€186k€174k▼
Tangible fixed assets22/27€186k€174k▼
Land and buildings22€129k€122k▼
Plant, machinery and equipment23€1k€903▼
Furniture and vehicles24€55k€39k▼
Other tangible fixed assets26-€12k
Financial fixed assets28€150€150=
Current assets29/58€129k€148k▲
Amounts receivable after more than one year29€20k€20k=
Other amounts receivable291€20k€20k=
Amounts receivable within one year40/41€61k€91k▲
Trade receivables40€57k€32k▼
Other amounts receivable41€3k€59k▲
Cash at bank and in hand54/58€39k€35k▼
Deferred charges and accrued income490/1€9k€2k▼
Equity and liabilities
Total equity and liabilities10/49€315k€322k▲
Equity10/15€67k€78k▲
Contributions10/11€19k€19k=
Reserves13€49k€59k▲
Distributable reserves133€49k€59k▲
Amounts payable17/49€247k€244k▼
Amounts payable after more than one year17€145k€121k▼
Financial debts170/4€145k€121k▼
Amounts payable within one year42/48€102k€123k▲
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€3k€581▼
Suppliers440/4€3k€581▼
Taxes, remuneration and social security45€22k€18k▼
Taxes450/3€22k€18k▼
Other amounts payable47/48€54k€80k▲
Income statement
Code20232024
Remuneration, social security and pensions62€21k€163▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€26k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€90k€54k▼
Operating profit (loss)9901€29k€27k▼
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€25k€21k▼
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€17k€12k▼
Profit (loss) for the period to be appropriated9905€17k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€12k▼
Transfer to equity691/2€16k€11k▼
To other reserves6921€16k€11k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼28.9%
Net result drops to €12k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €38k ▲57.7%
Operating result €50k, net result €38k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zemst · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dynastiestraat 321982 ZemstGround area
507 m²
Building footprint
90 m²
Volume, LiDAR
474 m³
Parcel 23018D0162/00C003, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROJECTM
since 20172.269.999.938
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23018D0162/00C003 | Flanders | 507 m² | 1 · 90 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
F.T. CONSULTING
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ELINEL
BE 0841.110.160
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CS PROTECT ENERGY
BE 1027.059.259
Frameries · Eq €78k
HARS
BE 0699.602.996
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Bespoke
BE 0759.606.109
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,402. 7,142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2017
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.