M²CONSTRUCT
ActiveM²CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €714k and a net result of €153k. Equity is growing by ~44.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-16
Solvency64▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity ample (current ratio 1.97 against 2.06 in 2023; short-term debt: 36.1% and cash: 13.6% of total assets), but 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-02-2026, 193 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
193 d late
2023
36 d late
2022
39 d late
2021
75 d late
2020
110 d late
2019
117 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€714k▲ 16.9%
2023 · €611k
2018: €98k
2019: €116k
2020: €132k
2021: €250k
2022: €412k
2023: €611k
2018 → 2024
Total assets
€1.85M▲ 57.5%
2023 · €1.18M
2018: €191k
2019: €320k
2020: €332k
2021: €718k
2022: €882k
2023: €1.18M
2018 → 2024
Net result
€153k▼ 38.4%
2023 · €248k
2018: €42k
2019: €18k
2020: €16k
2021: €133k
2022: €202k
2023: €248k
2018 → 2024
Working capital
€647k▲ 11.3%
2023 · €582k
2018: €76k
2019: €94k
2020: €108k
2021: €222k
2022: €377k
2023: €582k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€132k-€250k▲ 89.6%€412k▲ 64.8%€611k▲ 48.1%€714k▲ 16.9%
Operating result€24k-€185k▲ 686%€277k▲ 50.0%€342k▲ 23.4%€209k▼ 39.1%
Net result€16k-€133k▲ 736%€202k▲ 51.6%€248k▲ 22.8%€153k▼ 38.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.85M
Fixed assets
€536k▲ 1,094%
Current assets
€1.32M▲ 16.3%
Equity and liabilities €1.85M
Equity
€714k▲ 16.9%
Debt
€1.14M▲ 101%
The debt ratio rises from 48.1% to 61.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€299k▼
2023 · €361k
Cash flow
€243k▼
2023 · €266k
Solvency
38.5%▼
2023 · 51.9%
Current ratio
1.97▼
2023 · 2.06
Quick ratio
1.94▼
2023 · 2.03
Debt / equity
1.60▲
2023 · 0.93
ROE
21.4%▼
2023 · 40.6%
ROA
8.3%▼
2023 · 21.1%
Interest coverage
34.10▼
2023 · 77.11
Debt
€1.14M▲
2023 · €567k
Debt ≤ 1 year
€670k▲
2023 · €551k
Debt > 1 year
€470k▲
2023 · €16k
Income taxes
€51k▼
2023 · €92k
Staff costs
€264k▲
2023 · €125k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.18M€1.85M▲
Fixed assets21/28€45k€536k▲
Tangible fixed assets22/27€45k€536k▲
Land and buildings22-€483k
Plant, machinery and equipment23€11k€11k▼
Furniture and vehicles24€7k€25k▲
Leasing and similar rights25€22k€15k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€125€275▲
Current assets29/58€1.13M€1.32M▲
Stocks and contracts in progress3€14k€16k▲
Stocks30/36€14k€16k▲
Amounts receivable within one year40/41€631k€449k▼
Trade receivables40€501k€324k▼
Other amounts receivable41€130k€126k▼
Current investments50/53€234k€580k▲
Cash at bank and in hand54/58€237k€251k▲
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.85M▲
Equity10/15€611k€714k▲
Contributions10/11€6k€6k=
Reserves13€603k€706k▲
Distributable reserves133€603k€706k▲
Profit (loss) carried forward14€923€923=
Amounts payable17/49€567k€1.14M▲
Amounts payable after more than one year17€16k€470k▲
Financial debts170/4€16k€470k▲
Amounts payable within one year42/48€551k€670k▲
Current portion of amounts payable after more than one year42€22k€52k▲
Trade debts44€254k€367k▲
Suppliers440/4€254k€367k▲
Advances received on contracts in progress46€75k€50k▼
Taxes, remuneration and social security45€150k€143k▼
Taxes450/3€138k€117k▼
Remuneration and social security454/9€12k€26k▲
Other amounts payable47/48€50k€57k▲
Income statement
Code20232024
Remuneration, social security and pensions62€125k€264k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€90k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€491k€565k▲
Operating profit (loss)9901€342k€209k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€340k€204k▼
Income taxes67/77€92k€51k▼
Profit (loss) for the period9904€248k€153k▼
Profit (loss) for the period to be appropriated9905€248k€153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€249k€154k▼
Profit (loss) brought forward from the previous period14P€923€923=
Transfer to equity691/2€198k€103k▼
To other reserves6921€198k€103k▼
Profit to be distributed694/7€50k€50k=
Directors or managers695€50k€50k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 193 days late
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Highest result since 2018net €248k ▲22.8%
Operating result €342k, net result €248k, both a record.
31-12
Financial
Equity above €500kEq €611k ▲48.1%
6 profitable years in a row build equity to €611k.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Equity above €200kEq €250k ▲89.6%
4 profitable years in a row build equity to €250k.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 110 days late
2020
31-12
Financial
Weakest financial yearnet €16k ▼12.5%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Equity above €100kEq €116k ▲18.6%
2 profitable years in a row build equity to €116k.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 54 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Namur · 1 establishment unit since 2014
Ground area
443 m²
Building footprint
92 m²
Volume, LiDAR
517 m³
Parcel 92039A0156/00K000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M²CONSTRUCT
since 20142.229.255.087
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92039A0156/00K000 | Wallonia | 443 m² | 1 · 92 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
2 categoriesM²CONSTRUCT SRL46445
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 7,797 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.