Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
M&B Projects from Tienen, company number BE0809948119, closed financial year 2026 with a result of € -1,537 after tax. For that financial year M&B Projects recorded a gross margin of € 18,803 and equity of € -67,684. Compared with financial year 2025, the result moved from € 17,791 to € -1,537. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ -67,684
▼ € 1,537 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,537
▼ still € 17,791 profit in 2025
Profit after tax over the fiscal year.
€ 584
▼ 71% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -86,284.
People and assets in 2026
€ 2,053
▲ 33% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 286,975
▼ 6% vs 2025
€ 17,739 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 39,904
▲ 48% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 51
▲ € 39 vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 12,800 | € 23,491 | € 49,501 | € 18,803 | ▼ 62% |
| Profit after taxes | € -15,860 | € -6,520 | € 17,791 | € -1,537 | ▼ € 19,327 |
| Equity | € -77,419 | € -83,939 | € -66,148 | € -67,684 | ▼ € 1,537 |
| Total debts | € 725,435 | € 739,503 | € 769,215 | € 775,436 | ▲ 1% |
| Cash | € 1,405 | € 1,301 | € 2,023 | € 584 | ▼ 71% |
| Land & buildings | € 434,847 | € 424,205 | € 414,021 | € 397,539 | ▼ 4% |
| Retained profit | € -96,019 | € -102,539 | € -84,748 | € -86,284 | ▼ € 1,537 |
| Bank debt | € 340,376 | € 322,879 | € 305,080 | € 286,975 | ▼ 6% |
| Balance sheet total | € 648,017 | € 655,564 | € 703,067 | € 707,752 | ▲ 1% |
Key figures of M&B Projects, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
What happened to M&B Projects?
What happened at M&B Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 1,537 (▼ € 19,327 vs 2025). Source: NBB ↗
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,860 loss in 2023 to € 1,537 loss in 2026.
Best year ever: 2025, with € 17,791 profit.
Management
Behind M&B Projects is MARIJKE BOECKAERTS.
Directors
According to the 2026 annual accounts
MARIJKE BOECKAERTS
Director
Establishments
Establishment units
Physical locations of this company
Houtemstraat 176
3300 Tienen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0809.948.119
- VAT number
- BE 0809.948.119
- Registered office
- Houtemstraat 176, 3300 Tienen
- Names & denominations
- M&B Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2009
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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