M CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of M CONSTRUCT is 2.9% (moderate). The 2024 annual accounts show equity of €5,701 and a net result of €2,844. Equity is growing by ~140% per year across the filed fiscal years. Its solvency ranks better than 28% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 166 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,811 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,069 | €4,361 | €10,099 | ▲ 132% |
| Other operating charges640/8 | €451 | €642 | €740 | ▲ 15.3% |
| Gross operating margin9900 | €2,572 | €10,734 | €17,430 | ▲ 62.4% |
| Operating profit (loss)9901 | -€2,949 | €5,731 | €4,780 | ▼ 16.6% |
| Financial income75/76B | €169 | - | - | - |
| Recurring financial income75 | €169 | - | - | - |
| Financial charges65/66B | €1,519 | €575 | €436 | ▼ 24.2% |
| Recurring financial charges65 | €1,519 | €575 | €436 | ▼ 24.2% |
| Profit (loss) for the period before taxes9903 | -€4,299 | €5,156 | €4,344 | ▼ 15.7% |
| Income taxes67/77 | - | - | €1,500 | - |
| Profit (loss) for the period9904 | -€4,299 | €5,156 | €2,844 | ▼ 44.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,299 | €5,156 | €2,844 | ▼ 44.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €17,639 | €20,384 | €26,908 | ▲ 32.0% |
| Fixed assets21/28 | €9,496 | €5,135 | €14,571 | ▲ 184% |
| Tangible fixed assets22/27 | €9,496 | €5,135 | €14,571 | ▲ 184% |
| Plant, machinery and equipment23 | €5,742 | €2,573 | €3,832 | ▲ 48.9% |
| Furniture and vehicles24 | €3,754 | €2,562 | €10,739 | ▲ 319% |
| Current assets29/58 | €8,143 | €15,248 | €12,338 | ▼ 19.1% |
| Amounts receivable within one year40/41 | €8,053 | €10,889 | €3,247 | ▼ 70.2% |
| Trade receivables40 | €3,500 | €10,010 | €389 | ▼ 96.1% |
| Other amounts receivable41 | €4,553 | €879 | €2,858 | ▲ 225% |
| Cash at bank and in hand54/58 | €90 | €4,359 | €9,091 | ▲ 109% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €17,639 | €20,384 | €26,908 | ▲ 32.0% |
| Equity10/15 | -€2,299 | €2,857 | €5,701 | ▲ 99.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€4,299 | €857 | €3,701 | ▲ 332% |
| Amounts payable17/49 | €19,938 | €17,527 | €21,208 | ▲ 21.0% |
| Amounts payable after more than one year17 | €12,436 | €8,151 | €3,753 | ▼ 54.0% |
| Financial debts170/4 | €12,436 | €8,151 | €3,753 | ▼ 54.0% |
| Amounts payable within one year42/48 | €7,502 | €9,376 | €17,455 | ▲ 86.2% |
| Current portion of amounts payable after more than one year42 | €4,176 | €4,285 | €4,398 | ▲ 2.6% |
| Trade debts44 | €3,325 | €1,227 | €5,025 | ▲ 309% |
| Suppliers440/4 | €3,325 | €1,227 | €5,025 | ▲ 309% |
| Taxes, remuneration and social security45 | - | €364 | €7,555 | ▲ 1,977% |
| Taxes450/3 | - | - | €1,286 | - |
| Remuneration and social security454/9 | - | €364 | €6,269 | ▲ 1,623% |
| Other amounts payable47/48 | - | €3,500 | €477 | ▼ 86.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,299 | €5,156 | €2,844 | ▼ 44.8% |
| + Depreciation and write-downs630 | €5,069 | €4,361 | €10,099 | ▲ 132% |
| Operating cash flow (approximation) | €771 | €9,517 | €12,943 | ▲ 36.0% |
| Investment in fixed assets (approximation) | - | €0 | -€19,534 | - |
| Change in cash | - | €4,269 | €4,732 | ▲ 10.8% |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52071C1007/00R000 | Wallonia | 659 m² | 1 · 115 m² | 11.9 m · 3 fl. |
| 52071C1101/00C002 | Wallonia | 485 m² | 1 · 90 m² | - |
Linked by address, not proof of ownership
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.