What does M-Projects do?

M-Projects is an electrical contractor in Herent. Private Limited, started on 5 November 2009, 1 establishment.

What is the address of M-Projects?

The registered office of M-Projects is located at Lenneke Mare 8, 3020 Herent.

Is M-Projects still active?

Yes. According to the CBE (30 October 2026) M-Projects is active, legal situation “Normale toestand”, started on 5 November 2009.

Is M-Projects registered on Peppol?

Yes, M-Projects is registered on the Peppol network with ID 0208:0820562392.

What is the enterprise number of M-Projects?

The enterprise number of M-Projects is BE0820562392.

When was M-Projects founded?

M-Projects was founded on 5 November 2009.

Who are the directors of M-Projects?

According to the 2025 annual accounts, the directors of M-Projects are: Mattias VANLAER.

Is M-Projects a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 November 2009; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did M-Projects make in 2025?

M-Projects recorded a loss after taxes of € 17,585 in financial year 2025.

What is the revenue of M-Projects?

As a small company, M-Projects is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 43,182.

M-Projects (Private Limited) - Herent - BE0820562392

Dossier M-Projects, printed on 30 October 2026 from databakkes.be/en/0820562392/m-projects. 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.

Tight liquidity NBB

Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

M-Projects from Herent, company number BE0820562392, closed financial year 2025 with a result of € -17,585 after tax. For that financial year M-Projects recorded a gross margin of € 43,182 and equity of € 234,396. Compared with financial year 2024, the result moved from € 28,838 to € -17,585. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.

What it is worth Healthy

€ 234,396

▼ 10% vs 2024

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

Loss Caution

€ -17,585

▼ still € 28,838 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 237,928

▼ 26% 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 € 215,796.

People and assets in 2025

Vehicles and equipment

€ 67,716

▲ € 62,605 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 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.

€ 1.1 million

▲ € 925,340 vs 2024

€ 25,526 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 69,445

▲ € 66,572 vs 2024

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

Taxes

€ 10,219

▼ 51% 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	€ 64,873 Gross margin 2022: € 64,873 First fiscal year in the series	€ 229,631 Gross margin 2023: € 229,631 ▲ 254% vs 2022 (€ 64,873) Favourable step	€ 88,097 Gross margin 2024: € 88,097 ▼ 62% vs 2023 (€ 229,631) Unfavourable step	€ 43,182 Gross margin 2025: € 43,182 ▼ 51% vs 2024 (€ 88,097) Unfavourable step	▼ 51%
Profit after taxes	€ 17,060 Profit after taxes 2022: € 17,060 First fiscal year in the series	€ 137,101 Profit after taxes 2023: € 137,101 ▲ € 120,041 vs 2022 (€ 17,060) Favourable step	€ 28,838 Profit after taxes 2024: € 28,838 ▼ 79% vs 2023 (€ 137,101) Unfavourable step	€ -17,585 Profit after taxes 2025: € -17,585 ▼ € 46,423 vs 2024 (€ 28,838) Unfavourable step	▼ € 46,423
Equity	€ 124,983 Equity 2022: € 124,983 First fiscal year in the series	€ 241,379 Equity 2023: € 241,379 ▲ 93% vs 2022 (€ 124,983) Favourable step	€ 259,521 Equity 2024: € 259,521 ▲ 8% vs 2023 (€ 241,379) Favourable step	€ 234,396 Equity 2025: € 234,396 ▼ 10% vs 2024 (€ 259,521) Unfavourable step	▼ 10%
Total debts	€ 834,359 Total debts 2022: € 834,359 First fiscal year in the series	€ 370,914 Total debts 2023: € 370,914 ▼ 56% vs 2022 (€ 834,359) Favourable step	€ 370,951 Total debts 2024: € 370,951 Unchanged (€ 370,914) Unfavourable step	€ 1,972,247 Total debts 2025: € 1,972,247 ▲ € 1.6 million vs 2024 (€ 370,951) Unfavourable step	▲ € 1.6 million
Cash	€ 77,788 Cash 2022: € 77,788 First fiscal year in the series	€ 291,231 Cash 2023: € 291,231 ▲ 274% vs 2022 (€ 77,788) Favourable step	€ 321,615 Cash 2024: € 321,615 ▲ 10% vs 2023 (€ 291,231) Favourable step	€ 237,928 Cash 2025: € 237,928 ▼ 26% vs 2024 (€ 321,615) Unfavourable step	▼ 26%
Land & buildings	€ 294,517 Land & buildings 2022: € 294,517 First fiscal year in the series	€ 271,971 Land & buildings 2023: € 271,971 ▼ 8% vs 2022 (€ 294,517) Unchanged	€ 249,427 Land & buildings 2024: € 249,427 ▼ 8% vs 2023 (€ 271,971) Unchanged	€ 226,883 Land & buildings 2025: € 226,883 ▼ 9% vs 2024 (€ 249,427) Unchanged	▼ 9%
Retained profit	€ 106,383 Retained profit 2022: € 106,383 First fiscal year in the series	€ 222,779 Retained profit 2023: € 222,779 ▲ 109% vs 2022 (€ 106,383) Favourable step	€ 240,921 Retained profit 2024: € 240,921 ▲ 8% vs 2023 (€ 222,779) Favourable step	€ 215,796 Retained profit 2025: € 215,796 ▼ 10% vs 2024 (€ 240,921) Unfavourable step	▼ 10%
Dividend	€ 8,793 Dividend 2022: € 8,793 First fiscal year in the series	€ 20,706 Dividend 2023: € 20,706 ▲ 135% vs 2022 (€ 8,793) Unchanged	€ 10,695 Dividend 2024: € 10,695 ▼ 48% vs 2023 (€ 20,706) Unchanged	€ 7,540 Dividend 2025: € 7,540 ▼ 29% vs 2024 (€ 10,695) Unchanged	▼ 29%
Bank debt	€ 573,825 Bank debt 2022: € 573,825 First fiscal year in the series	€ 181,691 Bank debt 2023: € 181,691 ▼ 68% vs 2022 (€ 573,825) Favourable step	€ 157,883 Bank debt 2024: € 157,883 ▼ 13% vs 2023 (€ 181,691) Favourable step	€ 1,083,224 Bank debt 2025: € 1,083,224 ▲ € 925,340 vs 2024 (€ 157,883) Unfavourable step	▲ € 925,340
Balance sheet total	€ 959,343 Balance sheet total 2022: € 959,343 First fiscal year in the series	€ 612,292 Balance sheet total 2023: € 612,292 ▼ 36% vs 2022 (€ 959,343) Unchanged	€ 630,473 Balance sheet total 2024: € 630,473 ▲ 3% vs 2023 (€ 612,292) Unchanged	€ 2,206,643 Balance sheet total 2025: € 2,206,643 ▲ 250% vs 2024 (€ 630,473) Unchanged	▲ 250%

Key figures of M-Projects, 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 M-Projects?

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

Sep 30, 2026 New annual accounts for financial year 2025: loss of € 17,585 (▼ € 46,423 vs 2024). filed late Source: NBB ↗
Nov 18, 2009 New establishment in Herent. KBO
2009 Mattias VANLAER became a director. NBB
Nov 5, 2009 Start of the company according to the CBE. KBO

In short

From € 17,060 profit in 2022 to € 17,585 loss in 2025.

Paid € 103,369 in corporate taxes since 2022.

Best year ever: 2023, with € 137,101 profit.

Paid out € 47,735 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Mattias VANLAER

M-Projects

MAS PROJECTS 100%

CARNEGIE PROJECTS 50%

INITIO PROJECTS 20%

Behind M-Projects is Mattias VANLAER. It owns 100% of MAS PROJECTS , 50% of CARNEGIE PROJECTS and 20% of INITIO PROJECTS itself.

Directors

According to the 2025 annual accounts

Mattias VANLAER

Managing director

Also active at: BILDIT, UVA Projects, INITIO PROJECTS, CONVITA

since 2009

Establishments

Establishment units

Physical locations of this company

Registered office

Lenneke Mare 8

3020 Herent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

BILDIT same network

€ 319,402 gross margin · 2025

MAS Projects same network

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

Details

Company number: 0820.562.392
VAT number: BE 0820.562.392
Registered office: Lenneke Mare 8, 3020 Herent
Names & denominations: M-Projects
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 5 November 2009
Peppol: Active · Active since 14 Nov 2025
Activities · NACE: Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗