PROJECTS-M
ActiveSummary
The computed 12-month bankruptcy probability of PROJECTS-M is 1.7% (moderate). The 2025 annual accounts show negative equity (-€8,431) and a net result of €23,713. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 5,667 sector peers (NACE 81, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-12-2020 Normal situation
- Activity
- General cleaning of buildings NACE 81210
- Establishment unit
- 2.310.916.617 9140 Temse, since 04-12-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 09-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
- Gross margin
- €39,027
- Turnover
- ≈ €180,000
- estimated
- Profit
- €23,713
- Equity
- -€8,431
- ▲ 73.8%
- Total assets
- €64,369
- ▼ 36.9%
- Negative equity on 30-09-2025
Score breakdownraises riskFounded in 2020Sector: Services to buildings and landscape activities (NACE 81)Negative equity -€8,431lowers riskSize: total assets €64,369Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 81, micro). It does better than 8% of them on solvency, 8% on liquidity, 92% on profitability and 86% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 37 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-03-2026 PDF all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is a profit of €26,490, after a loss of €26,773 in 2024. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €18,581 | €2,964 | €43,658 | €1,701 |
| Depreciation and write-downs of the year | €6,392 | €3,810 | €9,221 | €10,903 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as PROJECTS-M: general cleaning of buildings (NACE 81210). They are comparable in size and age: total assets between €59,500 and €70,200, founded between 2019 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| PROJECTS-M Temse | 2020 | €64,369 | -€8,431 | €39,027 | - | €23,713 | 2025 |
| GG CLEAN Ciney | 2020 | €59,549 | €51,743 | €37,185 | - | €4,284 | 2025 |
| TRANSSOL Brugge | 2021 | €68,060 | €32,165 | €34,091 | - | €12,558 | 2025 |
| T&S Antwerpen | 2021 | €61,081 | €58,285 | €30,783 | - | €20,504 | 2025 |
| JDB CLEAN Brunehaut | 2019 | €70,173 | €50,342 | €44,779 | €68,757 | €27,957 | 2025 |
| C.S UNIVERSAL BUILDING SERVICES Ukkel | 2020 | €61,856 | €33,584 | €29,211 | - | €4,911 | 2025 |
| COSMOS CLEANING Gent | 2022 | €64,131 | €45,528 | €36,344 | - | €15,565 | 2025 |
They were chosen from the 2,127 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,180 companies had the same profile as PROJECTS-M has now. Two years later, 4.8% had gone bankrupt and 88.8% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROJECTS-M itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,180 companies, not a prediction for PROJECTS-M. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,392 | €3,810 | €9,221 | €10,903 | ▲ 18.2% |
| Other operating charges640/8 | €332 | €301 | €679 | €1,634 | ▲ 141% |
| Non-recurring operating charges66A | - | - | €302 | - | - |
| Gross operating margin9900 | €14,726 | -€6,147 | -€16,571 | €39,027 | - |
| Operating profit (loss)9901 | €8,003 | -€10,259 | -€26,773 | €26,490 | - |
| Financial income75/76B | - | - | €1 | €0 | ▼ 95.6% |
| Recurring financial income75 | - | - | €1 | €0 | ▼ 95.6% |
| Financial charges65/66B | €643 | €375 | €3,774 | €2,777 | ▼ 26.4% |
| Recurring financial charges65 | €643 | €375 | €3,774 | €2,777 | ▼ 26.4% |
| Profit (loss) for the period before taxes9903 | €7,360 | -€10,634 | -€30,547 | €23,713 | - |
| Income taxes67/77 | €822 | - | - | - | - |
| Profit (loss) for the period9904 | €6,537 | -€10,634 | -€30,547 | €23,713 | - |
| Profit (loss) for the period to be appropriated9905 | €6,537 | -€10,634 | -€30,547 | €23,713 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18,834 | €18,346 | €102,021 | €64,369 | ▼ 36.9% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €12,189 | €11,343 | €41,477 | €32,275 | ▼ 22.2% |
| Tangible fixed assets22/27 | €12,189 | €11,343 | €41,477 | €32,275 | ▼ 22.2% |
| Plant, machinery and equipment23 | - | €2,787 | €4,983 | €5,299 | ▲ 6.4% |
| Furniture and vehicles24 | €5,999 | €4,254 | €7,643 | €1,077 | ▼ 85.9% |
| Leasing and similar rights25 | €6,190 | €4,302 | €28,852 | €25,899 | ▼ 10.2% |
| Current assets29/58 | €6,645 | €7,004 | €60,544 | €32,094 | ▼ 47.0% |
| Amounts receivable within one year40/41 | €4,373 | €5,677 | €57,044 | €28,815 | ▼ 49.5% |
| Trade receivables40 | €3,780 | €3,817 | €55,728 | €28,815 | ▼ 48.3% |
| Other amounts receivable41 | €593 | €1,860 | €1,315 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1,995 | €669 | €3,466 | €3,109 | ▼ 10.3% |
| Deferred charges and accrued income490/1 | €277 | €658 | €34 | €170 | ▲ 397% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18,834 | €18,346 | €102,021 | €64,369 | ▼ 36.9% |
| Equity10/15 | €9,037 | -€1,597 | -€32,143 | -€8,431 | ▲ 73.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €6,537 | -€4,097 | -€34,643 | -€10,931 | ▲ 68.4% |
| Amounts payable17/49 | €9,797 | €19,943 | €134,164 | €72,800 | ▼ 45.7% |
| Amounts payable after more than one year17 | €5,040 | €1,713 | €26,482 | €20,504 | ▼ 22.6% |
| Financial debts170/4 | €5,040 | €1,713 | €26,482 | €20,504 | ▼ 22.6% |
| Amounts payable within one year42/48 | €4,757 | €18,230 | €107,682 | €52,296 | ▼ 51.4% |
| Current portion of amounts payable after more than one year42 | €1,526 | €1,738 | €5,585 | €5,978 | ▲ 7.0% |
| Trade debts44 | €1,144 | €1,136 | €59,049 | €25,914 | ▼ 56.1% |
| Suppliers440/4 | €1,144 | €1,136 | €59,049 | €25,914 | ▼ 56.1% |
| Taxes, remuneration and social security45 | €1,453 | €8,882 | €93 | €794 | ▲ 753% |
| Taxes450/3 | €822 | €822 | €93 | €88 | ▼ 5.6% |
| Remuneration and social security454/9 | €631 | €8,060 | - | €706 | - |
| Other amounts payable47/48 | €633 | €6,473 | €42,955 | €19,609 | ▼ 54.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,537 | -€10,634 | -€30,547 | €23,713 | - |
| + Depreciation and write-downs630 | €6,392 | €3,810 | €9,221 | €10,903 | ▲ 18.2% |
| Operating cash flow (approximation) | €12,929 | -€6,824 | -€21,326 | €34,616 | - |
| Investment in fixed assets (approximation) | - | -€2,964 | -€39,355 | -€1,701 | ▲ 95.7% |
| Change in cash | - | -€1,326 | €2,797 | -€357 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Owners
Network & group
PROJECTS-M shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PROJECTS-M. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
25-09
Gazette deed
Registered office moved within Temse2 points ▸
- General meeting, 03-09-2024
- Registered-office move, Durmestraat 3, 9140 Temse
03-07
Gazette deed
Company renamed from POWERWASH GLAZENWASSERIJ to PROJECTS-MPurpose change · Power of attorney6 points ▸
- General meeting, 29-06-2023
- Name change, PROJECTS-M
- Other provision, 15-06-2023
- Purpose change
- Power of attorney
- Power of attorney, INES HOUTSAEGER
04-11
Gazette deed
Registered office moved from Stekene to Tielrode3 points ▸
- General meeting, 26-09-2022
- Registered-office move, Wilgenweg 5,9140 Tielrode
- Other provision, “Wilgenweg 5,9140 Tielrode” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
19 activities
- Glazenwasserij:lappen van ramen,reinigen en onderhouden van ramen,deuren,enzovoort.
- Onderhoud,algemene schoonmaak,reiniging,ontsmetten,desinfecteren,enzovoort van gebouwen zowel residentiële als niet residentiële kantoren,woongelegenheden,bedrijfsgebouwen,scholen,openbare instellingen,kerken,enzovoort.
- Onderhoud,reiniging van textiel en linnen en dit in de ruimste betekening.
- Invoer,uitvoer,groot- en kleinhandel van reinigings- en onderhoudsproducten.
- Industriële reiniging.
- Onderhoud,reiniging van machines,gereedschappen,voertuigen,enzovoort.
- Projectontwikkeling van gebouwen,terreinen zowel residentieel als niet-residentieel.
- Handel in onroerend goed.
- Aankoop,verkoop,verhuur van onroerende goederen in de ruimste betekenis van het woord.
- Online kopen en verkopen van producten en diensten in de ruimste betekenis van het woord.
- Foto/videografie in de ruimste betekenis van het woord.
- Het uitreiken van asbestinventaris certificaten of attesten en het adviseren inzake asbest in de ruimste zin;
- Het uitreiken van energieprestatiecertificaten en het adviseren inzake energie in de ruimste zin,waaronder advies inzake energetisch renoveren en energieverbruik/-optimalisatie;
- Het uitreiken van elektriciteitskeuringen en het adviseren inzake elektriciteit in de ruimste zin;
- Zowel in België als in het buitenland,zowel voor eigen rekening als voor rekening van derden,het uitvoeren van gerechtelijke en buitengerechtelijke expertises,het optreden als bemiddelaar,het optreden als arbiter en het optreden als mediator.
- Algemeen studie- en inspectiebureau inzake industriële toepassingen,de organisatie van en de leiding bij de uitvoering van deze toepassingen.
- Alle andere mogelijke keuringen in de ruimste zin;
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en,algemeen genomen,alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken(=Alle soorten werken,verbouwingen aan woningen in de ruimste zin);
- Horeca.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0759.451.701
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46026B0155/00G000 | Flanders | 284 m² | 1 · 154 m² | 7.6 m · 2 |