What does PROJECT M do?

PROJECT M is a holiday accommodation in Frasnes-lez-Anvaing. Private Limited, started on 21 August 2018, 1 establishment.

What is the address of PROJECT M?

The registered office of PROJECT M is located at Rue Belle Eau(FB) 43, 7911 Frasnes-lez-Anvaing.

Is PROJECT M still active?

Yes. According to the CBE (29 October 2026) PROJECT M is active, legal situation “Normale toestand”, started on 21 August 2018.

Is PROJECT M registered on Peppol?

Yes, PROJECT M is registered on the Peppol network with ID 0208:0701611391.

What is the enterprise number of PROJECT M?

The enterprise number of PROJECT M is BE0701611391.

When was PROJECT M founded?

PROJECT M was founded on 21 August 2018.

Who are the directors of PROJECT M?

According to the 2025 annual accounts, the directors of PROJECT M are: Maria MAFTEUTA, Mathieu VERSCHELDEN.

Is PROJECT M a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 August 2018; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did PROJECT M make in 2025?

PROJECT M recorded a loss after taxes of € 61,073 in financial year 2025.

What is the revenue of PROJECT M?

As a small company, PROJECT M is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 107,951.

PROJECT M (Private Limited) - Frasnes-lez-Anvaing

Dossier PROJECT M, printed on 29 October 2026 from databakkes.be/en/0701611391/project-m. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

PROJECT M from Frasnes-lez-Anvaing, company number BE0701611391, closed financial year 2025 with a result of € -61,073 after tax. For that financial year PROJECT M recorded a gross margin of € 107,951 and equity of € 2 million. Compared with financial year 2024, the result moved from € -777,217 to € -61,073. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.

What it is worth Healthy

€ 2 million

▼ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -61,073

▲ 92 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 157,971

▲ € 139,538 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -491,393.

People and assets in 2025

Vehicles and equipment

€ 3,043

▼ 93% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 913,711

▲ 11% vs 2024

€ 68,499 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 2,298

▼ 72% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 18,543

▲ € 15,807 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 63,007 Gross margin 2022: € 63,007 First fiscal year in the series	€ 52,332 Gross margin 2023: € 52,332 ▼ 17% vs 2022 (€ 63,007) Unfavourable step	€ 2,508 Gross margin 2024: € 2,508 ▼ 95% vs 2023 (€ 52,332) Unfavourable step	€ 107,951 Gross margin 2025: € 107,951 ▲ € 105,443 vs 2024 (€ 2,508) Favourable step	▲ € 105,443
Profit after taxes	€ 600,812 Profit after taxes 2022: € 600,812 First fiscal year in the series	€ -121,750 Profit after taxes 2023: € -121,750 ▼ € 722,562 vs 2022 (€ 600,812) Unfavourable step	€ -777,217 Profit after taxes 2024: € -777,217 ▼ € 655,468 vs 2023 (€ -121,750) Unfavourable step	€ -61,073 Profit after taxes 2025: € -61,073 ▲ € 716,144 vs 2024 (€ -777,217) Favourable step	▲ € 716,144
Equity	€ 2,954,271 Equity 2022: € 2,954,271 First fiscal year in the series	€ 2,832,521 Equity 2023: € 2,832,521 ▼ 4% vs 2022 (€ 2,954,271) Unfavourable step	€ 2,055,304 Equity 2024: € 2,055,304 ▼ 27% vs 2023 (€ 2,832,521) Unfavourable step	€ 1,994,230 Equity 2025: € 1,994,230 ▼ 3% vs 2024 (€ 2,055,304) Unfavourable step	▼ 3%
Total debts	€ 1,113,700 Total debts 2022: € 1,113,700 First fiscal year in the series	€ 1,044,963 Total debts 2023: € 1,044,963 ▼ 6% vs 2022 (€ 1,113,700) Favourable step	€ 2,597,261 Total debts 2024: € 2,597,261 ▲ 149% vs 2023 (€ 1,044,963) Unfavourable step	€ 1,120,437 Total debts 2025: € 1,120,437 ▼ 57% vs 2024 (€ 2,597,261) Favourable step	▼ 57%
Cash	€ 518,650 Cash 2022: € 518,650 First fiscal year in the series	€ 217,153 Cash 2023: € 217,153 ▼ 58% vs 2022 (€ 518,650) Unfavourable step	€ 18,433 Cash 2024: € 18,433 ▼ 92% vs 2023 (€ 217,153) Unfavourable step	€ 157,971 Cash 2025: € 157,971 ▲ € 139,538 vs 2024 (€ 18,433) Favourable step	▲ € 139,538
Land & buildings	€ 1,253,739 Land & buildings 2022: € 1,253,739 First fiscal year in the series	€ 1,168,193 Land & buildings 2023: € 1,168,193 ▼ 7% vs 2022 (€ 1,253,739) Unchanged	€ 1,061,591 Land & buildings 2024: € 1,061,591 ▼ 9% vs 2023 (€ 1,168,193) Unchanged	€ 995,860 Land & buildings 2025: € 995,860 ▼ 6% vs 2024 (€ 1,061,591) Unchanged	▼ 6%
Retained profit	€ 468,648 Retained profit 2022: € 468,648 First fiscal year in the series	€ 346,898 Retained profit 2023: € 346,898 ▼ 26% vs 2022 (€ 468,648) Unfavourable step	€ -430,319 Retained profit 2024: € -430,319 ▼ € 777,217 vs 2023 (€ 346,898) Unfavourable step	€ -491,393 Retained profit 2025: € -491,393 ▼ € 61,073 vs 2024 (€ -430,319) Unfavourable step	▼ € 61,073
Bank debt	€ 946,195 Bank debt 2022: € 946,195 First fiscal year in the series	€ 885,367 Bank debt 2023: € 885,367 ▼ 6% vs 2022 (€ 946,195) Favourable step	€ 824,539 Bank debt 2024: € 824,539 ▼ 7% vs 2023 (€ 885,367) Favourable step	€ 913,711 Bank debt 2025: € 913,711 ▲ 11% vs 2024 (€ 824,539) Unfavourable step	▲ 11%
Balance sheet total	€ 4,067,971 Balance sheet total 2022: € 4,067,971 First fiscal year in the series	€ 3,877,484 Balance sheet total 2023: € 3,877,484 ▼ 5% vs 2022 (€ 4,067,971) Unchanged	€ 4,652,565 Balance sheet total 2024: € 4,652,565 ▲ 20% vs 2023 (€ 3,877,484) Unchanged	€ 3,114,667 Balance sheet total 2025: € 3,114,667 ▼ 33% vs 2024 (€ 4,652,565) Unchanged	▼ 33%

Key figures of PROJECT M, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to PROJECT M?

What happened at PROJECT M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 28, 2026 New annual accounts for financial year 2025: loss of € 61,073. filed late Source: NBB ↗
2022 Maria MAFTEUTA became a director. NBB
Aug 21, 2018 New establishment in Frasnes-lez-Anvaing. KBO
2018 Mathieu VERSCHELDEN became a director. NBB
Aug 21, 2018 Start of the company according to the CBE. KBO

In short

From € 600,812 profit in 2022 to € 61,073 loss in 2025.

Paid € 4,087 in corporate taxes since 2022.

Best year ever: 2022, with € 600,812 profit.

Original PDFs at the National Bank ↗

Management

Maria MAFTEUTA

Mathieu VERSCHELDEN

PROJECT M

IMPULSE 13%

Behind PROJECT M are Maria MAFTEUTA and Mathieu VERSCHELDEN. It owns 13% of IMPULSE itself.

Directors

According to the 2025 annual accounts

Maria MAFTEUTA

Administrator-manager

since 2022

Mathieu VERSCHELDEN

Administrator-manager

since 2018

Establishments

Establishment units

Physical locations of this company

Registered office

Rue Belle Eau(FB) 43

7911 Frasnes-lez-Anvaing

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0701.611.391

VAT number

BE 0701.611.391

Registered office

Rue Belle Eau(FB) 43, 7911 Frasnes-lez-Anvaing

Names & denominations

PROJECT M

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

21 August 2018

Peppol

Active · Active since 6 Feb 2026

Activities · NACE

Gites, vakantiewoningen en -appartementen

Activiteiten van eetgelegenheden met volledige bediening

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Adviesbureaus op het gebied van public relations en communicatie

Eetgelegenheden met volledige bediening

View on CBE Public ↗ Annual accounts (NBB) ↗

PROJECT M

Warning lights

Financials

What happened to PROJECT M?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions