Christian M Construct

Open bankruptcy

Private limited companyfounded 2021Sint-Annalaan 42, 1853 Grimbergen, BelgiumKBO/BCE: BE 0762.578.762

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Checked score

Score 2022

24 / 100

Critical

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2021

Profitability68▲+17

Solvency95▲+74

Growth85

Stability0

Credit verdict

No credit on open account

Liquidity ample (current ratio 1.94 against 1.02 in 2021), and 46.7% of the assets are financed with debt.

How do we compute this score?

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

60 d late

2021

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Turnover

€176k▲ 55.6%

2021 · €113k

2021: €113k

2021 → 2022

EBIT margin

8.6%▲ 5.7pp

2021 · 3.0%

2021: 3.0%

2021 → 2022

Net result

€12k▲ 462%

2021 · €2k

2021: €2k

2021 → 2022

Working capital

€12k▲ 4,173%

2021 · €273

2021: €273

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Turnover€113k-€176k▲ 55.6%

Equity€2k-€14k▲ 492%

Operating result€3k-€15k▲ 352%

Net result€2k-€12k▲ 462%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2022; 2022 is 352% above 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €26k

90.9%

Fixed assets €2k▲ 14.6%

Current assets €24k▲ 65.8%

Equity and liabilities €26k

53.3%

46.7%

Equity €14k▲ 492%

Debt €12k▼ 13.1%

The debt ratio falls from 85.7% to 46.7%: equity grows while debt is paid down.

Key figures and ratios

2022 value · change against 2021

EBITDA

€16k▲

2021 · €4k

Cash flow

€13k▲

2021 · €3k

Solvency

53.3%▲

2021 · 14.3%

Current ratio

1.94▲

2021 · 1.02

Quick ratio

1.94▲

2021 · 1.02

Debt / equity

0.88▼

2021 · 5.97

ROE

83.1%▼

2021 · 87.4%

ROA

44.3%▲

2021 · 12.5%

Interest coverage

238.45▲

2021 · 38.24

Debt

€12k▼

2021 · €14k

Debt ≤ 1 year

€12k▼

2021 · €14k

Income taxes

€4k▲

2021 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€17k€26k▲

Fixed assets21/28€2k€2k▲

Tangible fixed assets22/27€2k€2k▲

Furniture and vehicles24€2k€2k▲

Current assets29/58€14k€24k▲

Amounts receivable within one year40/41€9k€23k▲

Trade receivables40€4k€10k▲

Other amounts receivable41€5k€13k▲

Cash at bank and in hand54/58€6k€1k▼

Equity and liabilities

Total equity and liabilities10/49€17k€26k▲

Equity10/15€2k€14k▲

Contributions10/11€300€300=

Profit (loss) carried forward14€2k€14k▲

Amounts payable17/49€14k€12k▼

Amounts payable within one year42/48€14k€12k▼

Financial debts43€73€73=

Credit institutions430/8€73€73=

Trade debts44€8k€5k▼

Suppliers440/4€8k€5k▼

Taxes, remuneration and social security45€1k€5k▲

Taxes450/3€1k€5k▲

Other amounts payable47/48€5k€3k▼

Income statement Code20212022

Turnover70€113k€176k▲

Non-recurring operating income76A-€215

Goods, raw materials, services and sundry goods60/61€106k€157k▲

Remuneration, social security and pensions62€114-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€792€1k▲

Other operating charges640/8€3k€3k▲

Gross operating margin9900€7k€19k▲

Operating profit (loss)9901€3k€15k▲

Financial income75/76B€100€55▼

Recurring financial income75€100€55▼

Financial charges65/66B€109€68▼

Recurring financial charges65€109€68▼

Profit (loss) for the period before taxes9903€3k€15k▲

Income taxes67/77€1k€4k▲

Profit (loss) for the period9904€2k€12k▲

Profit (loss) for the period to be appropriated9905€2k€12k▲

Appropriation of the result

Profit (loss) to be appropriated9906€2k€14k▲

Profit (loss) brought forward from the previous period14P-€2k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Signals 1Filings 2

2026

25-08

Bankruptcy Opening

Ondernemingsrechtbank Brussel · CHRISTIAN M CONSTRUCT BV SINT-ANNALAAN 42/2, 1853. GRIMBERGEN · event 18-08-2026

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

SignalNBB filing

Directors · office · real estate

Directors

2 directors, no change since 2023

MIHAILA MARIUS-GABRIEL

Director · since 01-05-2023

Current

01-05-2023 MIHAILA MARIUS-GABRIEL: Appointed as Director

01-05-2023 MIHAILA IONUT: Resigned as Director

Location & real-estate footprint

Registered office, Grimbergen · 1 establishment unit since 2021

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Sint-Annalaan 421853 Grimbergen

Ground area

102 m²

Building footprint

85 m²

Volume, LiDAR

677 m³

Parcel 23084A0358/00X003, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Christian M Construct

Sint-Annalaan 42, 1853 GrimbergenRepair, maintenance and installation of machinery and equipment

since 20212.316.416.022

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23084A0358/00X003	Flanders	102 m²	1 · 85 m²	10.1 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	Stijn VANSCHOUBROEK KEIZER KAREL- LAAN 586 BUS 9, 1082 SINT-AGATHA-BERCHEM- ↔ Also on 96 other cases	18-08-2026 → present

Similar companies · same sector, comparable size

Sint-Genesius-Rode · Eq €14k

Of 15,444 companies in sector 43990 we hold annual accounts for 7,357. 4,653 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-01-2021

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.