DE MULDER CONSTRUCT
ActiveDE MULDER CONSTRUCT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.38M and a net result of €303k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 7.0 against 5.98 in 2024; short-term debt: 11.9% and cash: 19.5% of total assets), and 12.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.7%
Return on assets
6.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
4 d early
2023
24 d late
2022
3 d early
2021
17 d late
2020
9 d early
2019
13 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.38M▲ 7.4%
2024 · €4.08M
2018: €2.48M
2019: €2.74M
2020: €2.87M
2021: €3.45M
2022: €3.67M
2023: €3.84M
2024: €4.08M
2018 → 2025
Total assets
€5.00M▲ 6.6%
2024 · €4.69M
2018: €4.15M
2019: €3.40M
2020: €3.48M
2021: €4.31M
2022: €4.35M
2023: €4.39M
2024: €4.69M
2018 → 2025
Net result
€303k▲ 28.0%
2024 · €237k
2018: €48k
2019: €259k
2020: €136k
2021: €583k
2022: €221k
2023: €168k
2024: €237k
2018 → 2025
Working capital
€3.56M▲ 21.5%
2024 · €2.93M
2018: €1.56M
2019: €1.72M
2020: €1.79M
2021: €1.21M
2022: €1.84M
2023: €2.34M
2024: €2.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.45M-€3.67M▲ 6.4%€3.84M▲ 4.6%€4.08M▲ 6.2%€4.38M▲ 7.4%
Operating result€674k-€309k▼ 54.2%€231k▼ 25.3%€287k▲ 24.4%€372k▲ 29.5%
Net result€583k-€221k▼ 62.1%€168k▼ 24.1%€237k▲ 41.0%€303k▲ 28.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.00M
Fixed assets
€846k▼ 27.8%
Current assets
€4.15M▲ 18.1%
Equity and liabilities €5.00M
Equity
€4.38M▲ 7.4%
Debt
€615k▲ 1.0%
The debt ratio falls from 13.0% to 12.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€700k▲
2024 · €644k
Cash flow
€631k▲
2024 · €594k
Solvency
87.7%▲
2024 · 87.0%
Current ratio
7.00▲
2024 · 5.98
Quick ratio
6.09▲
2024 · 5.02
Debt / equity
0.14▼
2024 · 0.15
ROE
6.9%▲
2024 · 5.8%
ROA
6.1%▲
2024 · 5.0%
Interest coverage
22.72▲
2024 · 21.70
Debt
€615k▲
2024 · €609k
Debt ≤ 1 year
€593k▲
2024 · €588k
Income taxes
€104k▲
2024 · €80k
Staff costs
€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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.69M€5.00M▲
Fixed assets21/28€1.17M€846k▼
Tangible fixed assets22/27€1.17M€845k▼
Land and buildings22€683k€663k▼
Plant, machinery and equipment23€428k€139k▼
Furniture and vehicles24€60k€43k▼
Financial fixed assets28€715€715=
Current assets29/58€3.52M€4.15M▲
Stocks and contracts in progress3€564k€538k▼
Stocks30/36€304k€286k▼
Contracts in progress37€259k€252k▼
Amounts receivable within one year40/41€331k€326k▼
Trade receivables40€50k€25k▼
Other amounts receivable41€282k€301k▲
Current investments50/53€1.70M€2.30M▲
Cash at bank and in hand54/58€904k€975k▲
Deferred charges and accrued income490/1€17k€12k▼
Equity and liabilities
Total equity and liabilities10/49€4.69M€5.00M▲
Equity10/15€4.08M€4.38M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€306k€306k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€120k€120k=
Distributable reserves133€180k€180k=
Profit (loss) carried forward14€3.71M€4.01M▲
Amounts payable17/49€609k€615k▲
Amounts payable within one year42/48€588k€593k▲
Trade debts44€180k€147k▼
Suppliers440/4€180k€147k▼
Taxes, remuneration and social security45€27k€44k▲
Taxes450/3€27k€44k▲
Other amounts payable47/48€381k€402k▲
Accrued charges and deferred income492/3€21k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€357k€328k▼
Other operating charges640/8€17k€17k▲
Non-recurring operating charges66A€0€35k▲
Gross operating margin9900€661k€753k▲
Operating profit (loss)9901€287k€372k▲
Financial income75/76B€59k€66k▲
Recurring financial income75€59k€66k▲
Financial charges65/66B€30k€31k▲
Recurring financial charges65€30k€31k▲
Profit (loss) for the period before taxes9903€317k€407k▲
Income taxes67/77€80k€104k▲
Profit (loss) for the period9904€237k€303k▲
Profit (loss) for the period to be appropriated9905€237k€303k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.71M€4.01M▲
Profit (loss) brought forward from the previous period14P€3.47M€3.71M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-09
Financial
Highest result since 2018net €583k ▲327%
Operating result €674k, net result €583k, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 1993
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.
Stokstraat(KRU) 349770 KruisemGround area
4,701 m²
Building footprint
2,833 m²
Volume, LiDAR
20,418 m³
Parcel 45017C0076/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Mulder Construct N.V.
since 19932.062.092.910
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017C0076/00F000 | Flanders | 4,701 m² | 1 · 2,833 m² | 8.2 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
10 categoriesDE MULDER CONSTRUCT NV31964
Similar companies · same sector, comparable size
CITYNEST
BE 0887.584.543
Gent · Eq €4.39M
ECO-TRONIC
BE 0844.277.211
Roeselare · Eq €4.35M
TramContractors
BE 0641.740.716
Brussel · Eq €4.35M
MONUMENT RENOVATION TECHNICS
BE 0427.702.692
Deinze · Eq €4.68M
INTERNATIONAL MONTAGE MAINTENANCE
BE 0425.498.814
Waterloo · Eq €4.05M
Of 4,096 companies in sector 43240 we hold annual accounts for 1,631. 249 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-03-1993
Fiscal year end30-09
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.