Turnover
€399,798 ▲ 64.0%
Turnover rose in 2025: different schema filed.
M.D. CONSTRUCT
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €981,582 (2008)
€399,798▲ 64.0%
lowest -€71,044 (2014)
€6,936▲ €26,350
peak €93,838 (2023)
€81,359▲ 9.3%
€240,740▲ 55.3%
peak 2 FTE (2009)
-not published
Board2 names since 2018
-
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Turnover from €243,841 to €399,798Gross margin from €94,440 to €68,763Back to profit: €6,936Debts from €155,025 to €240,740Investments €6,359Cash from €3,403 to €7,322
Key points
from the 2025 annual accountsDebts
€240,740 75% of the balance sheet
Suppliers 99%Taxes and wages 1%
Payment terms
263 days to suppliers
M.D. CONSTRUCT pays its suppliers 110 days earlier than in 2024. Customers pay 6 days later.
Checked score
63
Healthy
Financially stronger than 36% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.4%▲ +0.2 percentage points vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.3%▼ -0.1 percentage points vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.5%▲ +0.2 percentage points vs 06-2025
08-2025: 3.1%▲ +0.6 percentage points vs 07-2025
09-2025: 3.4%▲ +0.3 percentage points vs 08-2025
10-2025: 3.9%▲ +0.5 percentage points vs 09-2025highest value
11-2025: 3.2%▼ -0.7 percentage points vs 10-2025
12-2025: 3.2%● unchanged vs 11-2025
01-2026: 3.2%● unchanged vs 12-2025
02-2026: 3.2%● unchanged vs 01-2026
03-2026: 3.4%▲ +0.2 percentage points vs 02-2026
04-2026: 3.4%● unchanged vs 03-2026
05-2026: 3.2%▼ -0.2 percentage points vs 04-2026
06-2026: 3.1%▼ -0.1 percentage points vs 05-2026
07-2026: 3.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▼ -1.6 percentage points vs 07-2026lowest value
09-2026: 1.6%● unchanged vs 08-2026lowest value
10-2026: 1.6%● unchanged vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
2 of the last 3 accounts late
Liquidity: current ratio 1.32, cash €7,322
lowers risk
Founded in 1992
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 32% of them on solvency, 11% on liquidity, 32% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as M.D. CONSTRUCT has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M.D. CONSTRUCT itself is higher: 1.6% within 12 months. It rests on far more data about M.D. CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for M.D. CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.48 in 2024), below the usual 1.5. Short-term debt is 74.7% and cash 2.3% of total assets. 74.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
67 days late
2023
82 days late
2022
87 days late
2021
107 days late
2020
97 days late
2019
329 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 109 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- FREA Severino 1,240 sharesdeed of 04-10-2018
- ROSZKOWSKI WOJCIECH 10 sharesdeed of 04-10-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447549684
Appointment: ROSZKOWSKI WOJCIECH (director)
FREA Severino holds 1,240 shares · ROSZKOWSKI WOJCIECH holds 10 shares · General meeting of 2018 · Gazette deed
Reappointments: FREA Severino (managing director) and ROSZKOWSKI Wojciech (director)
General meeting of 04-01-2018 · Gazette deed
First establishment
M.D. CONSTRUCT SA, Monplaisirlaan 91-95, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M.D. CONSTRUCT Schaerbeek | €322,099 | €68,763 | 25.3% | - |
| LUIJTEN Zoutleeuw | €303,319 | €69,411 | 36.3% | - |
| LA DRUEZIENNE Estinnes | €322,737 | €64,154 | 75.0% | - |
| ALKIMMO Bouwonderneming Antwerp | €342,895 | €74,484 | -9.4% | - |
| MATAGNE & FILS Aywaille | €311,816 | €58,731 | 45.7% | - |
| BOUWWERKEN VERTHRIEST HERWIG Deinze | €338,670 | €70,641 | 93.1% | - |
| Entreprises BLANCHART Bâtiments et Routes Ath | €366,566 | €66,409 | 23.4% | - |
These companies have the same main activity as M.D. CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €303,000 and €367,000, founded between 1988 and 1994.
Official details
Source: KBO- Status
- Active since 27-05-1992Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.059.194.7861030 Schaerbeek, since 15-10-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Annual accounts 2025
- €322,099▲ 40.4%
- ≈ 1 FTEestimated
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on M.D. CONSTRUCT
M.D. CONSTRUCT has existed since 1992. Turnover fell from €940,291 in 2010 to €36,514 in 2014.
Solvency fell in 2025 from 32.4% to 25.3% because of higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M.D. CONSTRUCT
- What is the company number of M.D. CONSTRUCT?
- The company number of M.D. CONSTRUCT is 0447.549.684. The VAT number is the same number with BE in front: BE 0447.549.684.
- Where is M.D. CONSTRUCT based?
- The registered office is at Monplaisirlaan 91-95, 1030 Schaerbeek.Company details
- What does M.D. CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of M.D. CONSTRUCT?
- M.D. CONSTRUCT is a public limited company (NV).
- When was M.D. CONSTRUCT founded?
- M.D. CONSTRUCT was founded on 27-05-1992.
- Is M.D. CONSTRUCT still active?
- Yes, M.D. CONSTRUCT is an active enterprise in the KBO register.
- How many employees does M.D. CONSTRUCT have?
- M.D. CONSTRUCT had an average of 2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of M.D. CONSTRUCT?
- The turnover of M.D. CONSTRUCT was €399,798 in financial year 2025, according to the filed annual accounts.
- Is M.D. CONSTRUCT profitable?
- In financial year 2025, M.D. CONSTRUCT made a profit of €6,936.
- Where can I find the annual accounts of M.D. CONSTRUCT?
- M.D. CONSTRUCT filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M.D. CONSTRUCT due?
- M.D. CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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