M CONSTRUCT
A bankruptcy procedure is open for M CONSTRUCT according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €6k and a net result of €-13k.
| Equity | €6k |
| Net result | €-13k |
| Active | 8 yrs |
| Locations | 1 |
Fragile profile — watch health in particular.
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Fiscal year | 2023 |
|---|---|
| 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) | — |
| 2023 | |
|---|---|
| Current ratio | 2.15 |
| Quick ratio | 2.15 |
| Working capital ratio | 53.4% |
| Solvency | 25.7% |
| Debt / equity | 2.89 |
| 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 outstanding | 30d |
| Days payable outstanding | 22d |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2023 |
|---|---|---|
| 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 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | LISA HEUNINCK INDUSTRIEPARK-WEST 75, 9100 SINT-
NIKLAAS |
26-05-2026 → present | Belgian State Gazette |
| NACE primary | Wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 09-01-2018 |
| Status | Active |
| Postal code | 9200 |
| First BS signal | 03-06-2026 |
| Latest BS signal | 03-06-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002C0575/00X000 | Flanders | 1,743 m² | 1 · 229 m² | 6.9 m · 1 fl. |
| 41029A1150/00B000 | Flanders | 614 m² | 1 · 184 m² | 10.3 m · 1 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-01-2024 Transaction in capital or shares
Technical details
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"notary": {
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"office_city": "Drogenbos",
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"underlying_resolution_date": "2023-12-14"
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}30-01-2024 Registered office moved from Bruxelles to Dendermonde
- 9200 Dendermonde, Provinciale Baan 145/00005
Technical details
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"country": "BE",
"postcode": "9200",
"box_number": "00005",
"street_number": "145",
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"effective_date": "2024-01-22",
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"statute_article_number": null,
"effective_date_qualifier": "immediate",
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"unanimous": null
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"subject_company": {
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"person_role_at_subject": "notaire"
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"co_filed_documents": [
"exp\u00E9dition du proc\u00E8s-verbal authentique"
]
}30-01-2024 Articles of association amended — alignment with the new Companies Code
Technical details
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"statute_change": {
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],
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"name_full_before": "M CONSTRUCT",
"current_zetel_raw": "9200 Dendermonde, Provinciale Baan 145/00005",
"legal_form_before": "soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
"_kbo_filled_from_list": true
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"special_mandates": [],
"articles_modified": [],
"governance_change": {
"organ_kind_after": "monistic",
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"admin_delegated_added": [],
"representation_rule_after": "enige_bestuurder",
"co_signature_threshold_eur": null,
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"shareholder_rights": null,
"voorwerp_change_summary": null,
"capital_structure_change": {
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"capital_before_eur": null,
"share_classes_after": []
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"coordinated_text_lineage": null
}22-08-2022 Transaction in capital or shares
Technical details
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"subscribers": [
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"n_shares_subscribed": 10,
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"share_emission": {
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"under_authorized_capital": false,
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},
"bedrijfsrevisor": {
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"firm_kbo": null,
"firm_name": null,
"ibr_number": "10.910.779",
"mission_type": "none",
"individual_name": "Irina Morean"
},
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],
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | M CONSTRUCT |