M-CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for M-CONSTRUCT according to publications in the Belgian State Gazette; curator: YVES DESUTTER. The file additionally contains 1 judicial reorganisation. The 2019 annual accounts show negative equity (€-79k) and a net result of €-295k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 07-10-2020, 68 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
68 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, abbreviated schema
Equity
€-79k
2018 · €217k
2018: €217k
2018 → 2019
Total assets
€865k▼ 2.2%
2018 · €884k
2018: €884k
2018 → 2019
Net result
€-295k
2018 · €13k
2018: €13k
2018 → 2019
Working capital
€-97k
2018 · €190k
2018: €190k
2018 → 2019
Multi-year overview
Available amounts per fiscal year
Line20182019Trend
Equity€217k-€-79k
Operating result€55k-€-281k
Net result€13k-€-295k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €281k after €55k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €865k
Fixed assets
€47k▲ 40.7%
Current assets
€818k▼ 3.9%
Key figures and ratios
EBITDA
€-254k▼
2018 · €74k
Cash flow
€-269k▼
2018 · €33k
Solvency
-9.1%▼
2018 · 24.5%
Current ratio
0.89▼
2018 · 1.29
Quick ratio
0.84▼
2018 · 1.18
Debt / equity
-0.37▼
2018 · 0.03
ROA
-34.1%▼
2018 · 1.5%
Debt
€944k▲
2018 · €668k
Debt ≤ 1 year
€915k▲
2018 · €661k
Debt > 1 year
€29k▲
2018 · €7k
Income taxes
€7k▼
2018 · €19k
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€884k€865k▼
Fixed assets21/28€34k€47k▲
Tangible fixed assets22/27€27k€41k▲
Financial fixed assets28€6k€6k=
Current assets29/58€851k€818k▼
Stocks and contracts in progress3€70k€46k▼
Amounts receivable within one year40/41€648k€769k▲
Cash at bank and in hand54/58€134k€3k▼
Equity and liabilities
Total equity and liabilities10/49€884k€865k▼
Equity10/15€217k€-79k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€209k€-87k▼
Amounts payable17/49€668k€944k▲
Amounts payable after more than one year17€7k€29k▲
Amounts payable within one year42/48€661k€915k▲
Trade debts44€600k€684k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€26k▲
Gross operating margin9900€225k€-108k▼
Operating profit (loss)9901€55k€-281k▼
Recurring financial income75€5k€2k▼
Recurring financial charges65€26k€10k▼
Profit (loss) for the period before taxes9903€32k€-289k▼
Income taxes67/77€19k€7k▼
Profit (loss) for the period9904€13k€-295k▼
Profit (loss) for the period to be appropriated9905€13k€-295k▼
Timeline · acts, filings and financial milestones
2021
25-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · M-CONSTRUCT BVBA VERBIN- DINGSSTRAAT 48, 2650 EDEGEM · event 18-05-2021
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
06-07
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20200011 · event 30-06-2020
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
17-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 17 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 31 days late
SignalNBB filing
Directors · office · real estate
Directors
4 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, Edegem · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Verbindingsstraat 482650 EdegemGround area
118 m²
Building footprint
118 m²
Volume, LiDAR
1,132 m³
Parcel 11472C0291/00X011, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M-Construct
since 20072.170.796.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0291/00X011 | Flanders | 118 m² | 1 · 118 m² | 11.6 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES DESUTTER EIKENSTRAAT 80, 2840 RUMST- |
18-05-2021 → present |
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Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 11,899 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-04-2007
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.