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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 13.2 to 3.3.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
M & M PROJECT from Langemark-Poelkapelle, company number BE0881462853, closed financial year 2025 with a result of € -661,380 after tax. For that financial year M & M PROJECT recorded a gross margin of € 255,081 and equity of € -756,300. Compared with financial year 2024, the result moved from € -158,061 to € -661,380. 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 30, 2026.
€ -756,300
▼ € 661,380 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -661,380
▼ 318 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,540
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -806,300.
People and assets in 2025
3.3
▼ 6.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 244,457
▼ 58% vs 2024
€ 74,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 523
▼ 93% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 534,244
▼ 7% vs 2024
€ 74,600 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 253,153
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 277,315
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,062,419 | € 718,826 | € 508,601 | € 255,081 | ▼ 50% |
| Profit after taxes | € 16,935 | € -90,148 | € -158,061 | € -661,380 | ▼ € 503,319 |
| Equity | € 153,289 | € 63,140 | € -94,920 | € -756,300 | ▼ € 661,380 |
| Total debts | € 1,793,621 | € 2,423,442 | € 1,993,739 | € 1,661,975 | ▼ 17% |
| Cash | € 42,927 | € 31,783 | € 30,978 | € 1,540 | ▼ 95% |
| Land & buildings | € 852,592 | € 1,038,750 | € 795,182 | € 586,070 | ▼ 26% |
| Retained profit | € 103,289 | € 13,140 | € -144,920 | € -806,300 | ▼ € 661,380 |
| Bank debt | € 863,874 | € 770,512 | € 572,420 | € 534,244 | ▼ 7% |
| Balance sheet total | € 1,946,909 | € 2,486,583 | € 1,898,819 | € 905,675 | ▼ 52% |
| Employees (FTE) | 19.7 | 13.2 | 9.6 | 3.3 | ▼ 6.3 |
Key figures of M & M PROJECT, 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 & M PROJECT?
What happened at M & M PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
M & M PROJECT is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 661,380. filed late Source: NBB ↗
- Guy Delabie became a director. NBB
- Martine Verbist stepped down as director. NBB
- Martin Huyghe stepped down as director. NBB
- New establishment in Moorslede. KBO
- New establishment in Langemark-Poelkapelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,935 profit in 2022 to € 661,380 loss in 2025.
Paid € 6,899 in corporate taxes since 2022.
Best year ever: 2022, with € 16,935 profit.
On average € 77,300 of value added per employee in 2025.
Management
Behind M & M PROJECT is Guy Delabie. Guy Delabie is also behind BOUWONDERNEMING SEIGNEUR and BELIKOR.
Directors
According to the 2025 annual accounts
since 2026
Martine Verbist
Director
Also active at: Foncière et agricole de Roly, Agrotech Belgasia, DIEDMAR, E.E.G. SLACHTHUIS VERBIST IZEGEM, DEPUYDT, VEE EXPRESS, TUINEN HUYGHE, CAMPING EXPERIENCE
· until 2026
· until 2026
Establishments
Establishment units
Physical locations of this company
Cayennestraat 86/A
8920 Langemark-Poelkapelle
Cayennestraat 86 box A
8920 Langemark-Poelkapelle
Active since 8 June 2006
Stationstraat 11
8890 Moorslede
Active since 15 August 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0881.462.853
- VAT number
- BE 0881.462.853
- Registered office
- Cayennestraat 86/A, 8920 Langemark-Poelkapelle
- Names & denominations
- M & M PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 22 May 2006
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Landschapsverzorging
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Groothandel in levend vee
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Overige detailhandel in nieuwe artikelen neg
Detailhandel in huishoudtextiel en beddengoed
Bouw van autowegen en andere wegen
Catering van evenementen
+6