M/Construction
ActiveM/Construction has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 7293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.27 against 7.06 in 2024), and 17.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
62.6%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €52k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
42 d early
2023
43 d early
2022
55 d early
2021
45 d early
2020
52 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▲ 113%
2024 · €24k
2018: €-12k
2019: €-239
2020: €8k
2021: €2k
2022: €3k
2023: €4k
2024: €24k
2018 → 2025
Total assets
€63k▲ 125%
2024 · €28k
2018: €4k
2019: €18k
2020: €20k
2021: €8k
2022: €12k
2023: €9k
2024: €28k
2018 → 2025
Net result
€39k▲ 96.5%
2024 · €20k
2018: €46k
2019: €12k
2020: €8k
2021: €-6k
2022: €2k
2023: €884
2024: €20k
2018 → 2025
Working capital
€48k▲ 113%
2024 · €22k
2018: €-13k
2019: €-3k
2020: €3k
2021: €-2k
2022: €513
2023: €2k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€3k▲ 86.7%€4k▲ 26.7%€24k▲ 477%€52k▲ 113%
Operating result€-3k-€4k€2k▼ 40.0%€25k▲ 970%€58k▲ 129%
Net result€-6k-€2k€884▼ 42.5%€20k▲ 2,161%€39k▲ 96.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 129% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€4k▲ 119%
Current assets
€59k▲ 125%
Equity and liabilities €63k
Equity
€52k▲ 113%
Debt
€11k▲ 202%
The debt ratio rises from 13.3% to 17.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€58k▲
2024 · €27k
Cash flow
€40k▲
2024 · €21k
Solvency
82.1%▼
2024 · 86.7%
Current ratio
5.27▼
2024 · 7.06
Quick ratio
5.27▼
2024 · 7.06
Debt / equity
0.22▲
2024 · 0.15
ROE
76.2%▼
2024 · 82.7%
ROA
62.6%▼
2024 · 71.7%
Interest coverage
57.12▼
2024 · 57.45
Debt
€11k▲
2024 · €4k
Debt ≤ 1 year
€11k▲
2024 · €4k
Income taxes
€17k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€28k€63k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Furniture and vehicles24€2k€4k▲
Current assets29/58€26k€59k▲
Amounts receivable within one year40/41€4k€20k▲
Trade receivables40€2k€20k▲
Other amounts receivable41€2k€91▼
Cash at bank and in hand54/58€22k€39k▲
Deferred charges and accrued income490/1-€140
Equity and liabilities
Total equity and liabilities10/49€28k€63k▲
Equity10/15€24k€52k▲
Contributions10/11€19k€19k=
Reserves13€14k€33k▲
Distributable reserves133€14k€33k▲
Profit (loss) carried forward14€-8k-
Amounts payable17/49€4k€11k▲
Amounts payable within one year42/48€4k€11k▲
Trade debts44€721€11k▲
Suppliers440/4€721€11k▲
Taxes, remuneration and social security45-€10
Taxes450/3-€10
Other amounts payable47/48€3k€316▼
Income statement
Code20242025
Non-recurring operating income76A-€257
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€387▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€28k€61k▲
Operating profit (loss)9901€25k€58k▲
Financial charges65/66B€464€1k▲
Recurring financial charges65€464€1k▲
Profit (loss) for the period before taxes9903€25k€57k▲
Income taxes67/77€5k€17k▲
Profit (loss) for the period9904€20k€39k▲
Profit (loss) for the period to be appropriated9905€20k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€31k▲
Profit (loss) brought forward from the previous period14P€-28k€-8k▲
Transfer from equity791/2-€12k
Transfer to equity691/2-€31k
To other reserves6921-€31k
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 7.06
Current ratio from 1.47 to 7.06; short-term debt falls from €5k to €4k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-6k ▼174%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Haaltert · 1 establishment unit since 1996
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.
Kloetenstraat(HA) 69450 HaaltertGround area
290 m²
Building footprint
183 m²
Volume, LiDAR
1,602 m³
Parcel 41024A0094/00M002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kloetenstraat(HA) 6, 9450 Haaltert
since 19962.077.174.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024A0094/00M002 | Flanders | 290 m² | 1 · 183 m² | 10.7 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.
Similar companies · same sector, comparable size
D&M RENOVATION
BE 0806.174.720
Etterbeek · Eq €52k
RN CONSTRUCT
BE 0788.238.826
Overijse · Eq €52k
VAN DE WALLE
BE 0447.469.413
Merelbeke-Melle · Eq €52k
Miguel Dinon CONSTRUCTION
BE 0797.017.029
Beauraing · Eq €52k
RODAF
BE 0785.335.952
Oudergem · Eq €51k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 12,929 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-1996
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
68121Development of residential building projects
43331Floor and wall tiling
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.