Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 19.7 to 9.6.
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Late annual account NBB
Fiscal year 2024 was filed 239 days after the legal deadline.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
M & M PROJECT from Langemark-Poelkapelle, company number BE0881462853, closed financial year 2024 with a result of € -158,061 after tax. For that financial year M & M PROJECT recorded a gross margin of € 508,601 and equity of € -94,920. Compared with financial year 2023, the result moved from € -90,148 to € -158,061. 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 March 27, 2026.
€ -94,920
▼ € 158,061 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -158,061
▼ 75 % more loss than in 2023
Profit after tax over the fiscal year.
€ 30,978
▼ 3% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -144,920.
People and assets in 2024
9.6
▼ 3.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 586,207
▼ 22% vs 2023
€ 61,100 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.
€ 7,972
▼ 31% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 572,420
▼ 26% vs 2023
€ 60,169 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 201,422
▼ 58% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 392,414
▲ 33% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 781,019 | € 1,062,419 | € 718,826 | € 508,601 | ▼ 29% |
| Profit after taxes | € -2,196 | € 16,935 | € -90,148 | € -158,061 | ▼ € 67,913 |
| Equity | € 136,353 | € 153,289 | € 63,140 | € -94,920 | ▼ € 158,061 |
| Total debts | € 1,812,395 | € 1,793,621 | € 2,423,442 | € 1,993,739 | ▼ 18% |
| Cash | € 96,710 | € 42,927 | € 31,783 | € 30,978 | ▼ 3% |
| Land & buildings | € 866,433 | € 852,592 | € 1,038,750 | € 795,182 | ▼ 23% |
| Retained profit | € 86,353 | € 103,289 | € 13,140 | € -144,920 | ▼ € 158,061 |
| Bank debt | € 1,040,494 | € 863,874 | € 770,512 | € 572,420 | ▼ 26% |
| Balance sheet total | € 1,948,749 | € 1,946,909 | € 2,486,583 | € 1,898,819 | ▼ 24% |
| Employees (FTE) | 15.2 | 19.7 | 13.2 | 9.6 | ▼ 3.6 |
Key figures of M & M PROJECT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: loss of € 158,061. filed late Source: NBB ↗
- New establishment in Moorslede. KBO
- New establishment in Langemark-Poelkapelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,196 loss in 2021 to € 158,061 loss in 2024.
Paid € 6,899 in corporate taxes since 2021.
Best year ever: 2022, with € 16,935 profit.
On average € 53,000 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind M & M PROJECT are Martine Verbist and Martin Huyghe. The same people are also behind TUINEN HUYGHE. Martine Verbist is also behind Foncière et agricole de Roly, Agrotech Belgasia, DIEDMAR, E.E.G. SLACHTHUIS VERBIST IZEGEM and DEPUYDT.
Directors
According to the 2024 annual accounts
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
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 27 Mar 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