Summary
The computed 12-month bankruptcy probability of M-Construct is 1.9% (moderate). The 2023 annual accounts show equity of €6,391 and a net result of €2,294. Its solvency ranks better than 39% of 1333 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023
Profitability64
Solvency50
Growth-
Track record85
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
24.7%
Return on assets
8.9%
Age of the figures
33 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 13-09-2024, 44 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 · 1 filingDeviation from the deadline
2023
44 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2023 accounts 44 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€183,096
EBIT margin
2.1%
Net result
€2,294
Working capital
€14,334
Balance-sheet composition
Assets €25,858
Fixed assets
€2,057
Current assets
€23,801
Equity and liabilities €25,858
Equity
€6,391
Debt
€19,467
Debt finances 75.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€5,866
Cash flow
€4,351
Current ratio
2.51
Debt to equity
3.05
ROE
35.9%
ROA
8.9%
Interest coverage
26.83
Debt ≤ 1 year
€9,467
Debt > 1 year
€10,000
Income taxes
€1,297
Staff costs
€0
Annual accounts
| Line | 2023 |
|---|---|
| Turnover70 | €183,096 |
| Goods, raw materials, services and sundry goods60/61 | €177,036 |
| Remuneration, social security and pensions62 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,057 |
| Other operating charges640/8 | €194 |
| Gross operating margin9900 | €6,060 |
| Operating profit (loss)9901 | €3,809 |
| Financial charges65/66B | €219 |
| Recurring financial charges65 | €219 |
| Profit (loss) for the period before taxes9903 | €3,591 |
| Income taxes67/77 | €1,297 |
| Profit (loss) for the period9904 | €2,294 |
| Profit (loss) for the period to be appropriated9905 | €2,294 |
| Line | 2023 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €25,858 | |
| Fixed assets21/28 | €2,057 | |
| Tangible fixed assets22/27 | €2,057 | |
| Furniture and vehicles24 | €2,057 | |
| Current assets29/58 | €23,801 | |
| Amounts receivable within one year40/41 | €23,317 | |
| Trade receivables40 | €19,397 | |
| Other amounts receivable41 | €3,920 | |
| Cash at bank and in hand54/58 | €484 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €25,858 | |
| Equity10/15 | €6,391 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €5,391 | |
| Amounts payable17/49 | €19,467 | |
| Amounts payable after more than one year17 | €10,000 | |
| Financial debts170/4 | €10,000 | |
| Amounts payable within one year42/48 | €9,467 | |
| Current portion of amounts payable after more than one year42 | €375 | |
| Trade debts44 | €7,036 | |
| Suppliers440/4 | €6,911 | |
| Bills of exchange payable441 | €125 | |
| Taxes, remuneration and social security45 | €689 | |
| Taxes450/3 | €689 | |
| Other amounts payable47/48 | €1,366 | |
| Line | 2023 |
|---|---|
| Profit (loss) for the period9904 | €2,294 |
| + Depreciation and write-downs630 | €2,057 |
| Operating cash flow (approximation) | €4,351 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 44 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jette · 1 establishment unit since 2020
Ground area
112 m²
Building footprint
108 m²
Volume, LiDAR
787 m³
Parcel 21464D0111/00P004, Brussels · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M-CONSTRUCT
since 20202.303.439.006
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0111/00P004 | Brussels | 112 m² | 1 · 108 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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MK PROJECTS
BE 0820.313.954
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BEAU Masters
BE 0692.950.875
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 7,473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded06-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745840720
Also
9925:BE0745840720
Registered
08-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.