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M CONSTRUCT

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Private limited company·Handelsbemiddeling in de niet-gespecialiseerde groothandel· 8 yrs active
Provinciale baan (BAA) 145 ·9200 Dendermonde, Belgium
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BE 0687.726.931
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Turnover€168k-5.1%
EBIT margin-7.4%-8.8pp
Net result€-13k
Working capital€13k-21.5%
Directors1
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Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 23-07-2025 with the NBB · fiscal year 2024 · micro
€-50k€0€50k€100k€150k€200kOperating result 2019: €9k€9kNet result 2019: €3k€3kRevenue 2022: €177k€177kOperating result 2022: €3k€3kNet result 2022: €2k€2kRevenue 2023: €168k€168kOperating result 2023: €-12k€-12kNet result 2023: €-13k€-13k201920222023
RevenueOperating resultNet result
Revenue
€168k
-5.1% 19–23
EBITDA
€-10k
19–23
Net profit
€-13k
19–23
Cash flow
€-10k
19–23
Total assets
€24k
-74.2% 19–23
Equity
€6k
-66.9% 19–23
Working capital
€13k
-21.5% 19–23
Income taxes
€0
-100.0% 19–23
Debt
€18k
-76.0% 19–23
Debt ≤ 1y
€11k
-85.0% 19–23
Current ratio
2.15
+76.0% 19–23
Quick ratio
2.15
+76.0% 19–23
Solvency
25.7%
+28.3% 19–23
Debt / equity
2.89
-27.6% 19–23
ROE
-202.2%
19–23
ROA
-51.9%
19–23
Net margin
-7.5%
19–23
EBITDA margin
-6.1%
19–23
Interest coverage
-49.57
19–23
Figures by fiscal year
Fiscal year2023
Revenue€168k
EBITDA€-10k
Net profit€-13k
Cash flow€-10k
Staff costs
Income taxes€0
Dividends
Total assets€24k
Equity€6k
Debt€18k
of which ≤ 1y€11k
of which > 1y
Working capital€13k
Employees (FTE)
Ratios (computed)
2023
Current ratio2.15
Quick ratio2.15
Working capital ratio53.4%
Solvency25.7%
Debt / equity2.89
Long-term debt ratio
Interest coverage-49.57
Gross margin-6.4%
Net margin-7.5%
ROA-51.9%
ROE-202.2%
EBITDA margin-6.1%
Days sales outstanding30d
Days payable outstanding22d
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet — Assets
TOTAL ASSETS 20/58€24k
Fixed assets 21/28€0
Tangible fixed assets 22/27€0
Financial fixed assets 28€0
Current assets 29/58€24k
Amounts receivable within one year 40/41€24k
Cash & bank 54/58€481
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€24k
Equity 10/15€6k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€9
Amounts payable 17/49€18k
Amounts payable within one year 42/48€11k
Trade debts payable within one year 44€11k
Income statement
Turnover 70€168k
Gross operating margin 9900€-10k
Operating result 9901€-12k
Financial income 75€0
Financial charges 65€205
Result before taxes 9903€-13k
Income taxes 67/77€0
Net result for the period 9904€-13k
Result to be appropriated 9905€-13k
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Ratios computed by Checked.

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FY 2023 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.