M.D.B. Construct
Open bankruptcyA bankruptcy procedure is open for M.D.B. Construct according to publications in the Belgian State Gazette; curator: JASPER BAERT. The 2023 annual accounts show negative equity (€-137k) and a net result of €-133k.
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 31-12-2023 was due by 31-07-2024 and was filed on 10-10-2024, 71 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
71 d late
2022
46 d late
2021
31 d late
2020
30 d late
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-137k▼ 3,069%
2022 · €-4k
2018: €-30k
2019: €-77k
2020: €13k
2021: €15k
2022: €-4k
2018 → 2023
Total assets
€347k▼ 61.9%
2022 · €910k
2018: €352k
2019: €1.25M
2020: €1.34M
2021: €1.17M
2022: €910k
2018 → 2023
Net result
€-133k▼ 602%
2022 · €-19k
2018: €-25k
2019: €-47k
2020: €90k
2021: €1k
2022: €-19k
2018 → 2023
Working capital
€-155k▼ 821%
2022 · €-17k
2018: €-30k
2019: €-88k
2020: €11k
2021: €9k
2022: €-17k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-77k-€13k€15k▲ 10.8%€-4k€-137k▼ 3,069%
Operating result€-41k-€91k€23k▼ 74.5%€-228k€-132k▲ 42.3%
Net result€-47k-€90k€1k▼ 98.4%€-19k€-133k▼ 602%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €132k in 2023 against €228k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €347k
Fixed assets
€18k▲ 42.1%
Current assets
€330k▼ 63.3%
Key figures and ratios
EBITDA
€-129k▲
2022 · €-226k
Cash flow
€-130k▼
2022 · €-17k
Solvency
-39.4%▼
2022 · -0.5%
Current ratio
0.68▼
2022 · 0.98
Quick ratio
0.10▼
2022 · 0.57
Debt / equity
-3.54
ROA
-38.2%▼
2022 · -2.1%
Interest coverage
-8.54▲
2022 · -25.02
Debt
€484k▼
2022 · €915k
Debt ≤ 1 year
€484k▼
2022 · €915k
Income taxes
€885▼
2022 · €1k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€910k€347k▼
Fixed assets21/28€12k€18k▲
Tangible fixed assets22/27€11k€7k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€10k€7k▼
Financial fixed assets28€1k€10k▲
Current assets29/58€898k€330k▼
Stocks and contracts in progress3€373k€283k▼
Stocks30/36€373k€283k▼
Amounts receivable within one year40/41€522k€39k▼
Trade receivables40€522k€39k▼
Other amounts receivable41-€163
Cash at bank and in hand54/58-€6k
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€910k€347k▼
Equity10/15€-4k€-137k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-17k€-149k▼
Amounts payable17/49€915k€484k▼
Amounts payable within one year42/48€915k€484k▼
Financial debts43€104k€131k▲
Credit institutions430/8€104k€131k▲
Trade debts44€161k€11k▼
Suppliers440/4€161k€11k▼
Advances received on contracts in progress46€382k-
Taxes, remuneration and social security45€10k€26k▲
Taxes450/3€10k€26k▲
Other amounts payable47/48€258k€316k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€18k€10k▼
Gross operating margin9900€-208k€-119k▲
Operating profit (loss)9901€-228k€-132k▲
Financial income75/76B€222k€15k▼
Recurring financial income75€222k€15k▼
Financial charges65/66B€11k€15k▲
Recurring financial charges65€9k€15k▲
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€-18k€-132k▼
Income taxes67/77€1k€885▼
Profit (loss) for the period9904€-19k€-133k▼
Profit (loss) for the period to be appropriated9905€-19k€-133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-149k▼
Profit (loss) brought forward from the previous period14P€2k€-17k▼
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
2025
20-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · M.D.B. CONSTRUCT BV OKEGEMBAAN 186, 9400 NINOVE · event 14-10-2025
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Weakest financial yearnet €-133k
Net result drops to €-133k, the lowest in the series.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €90k
Net result €90k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2016
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.
Okegembaan 1869400 NinoveGround area
458 m²
Building footprint
196 m²
Volume, LiDAR
806 m³
Parcel 41048A0229/00B000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Okegembaan 186, 9400 Ninove
since 20162.252.166.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0229/00B000 | Flanders | 458 m² | 1 · 196 m² | 9.3 m · 1 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 | JASPER BAERT DRUKKERIJSTRAAT 11, 9240 ZELE- |
14-10-2025 → present |
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 3,614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2016
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.