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M.D. CONSTRUCT

Active Public limited companyfounded 1992active for 34 yearsMonplaisirlaan 91-95, 1030 SchaerbeekKBO/BCE: BE 0447.549.684
M.D. CONSTRUCT
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 24-07-2026, 7 days before the deadline
€399,798
▲ 64.0%
€7,651
▲ €23,111
€10,511
▲ €25,599
€9,796
▲ €28,838
25.3%
▼ 7.2 percentage points
1.32
▼ 0.16

Money flows

of every €100 of turnover, €1.73 remains as profit in 2025

Balance sheet

balance sheet total €322,099 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

25.3%

Higher than 35% of 2,818 companies in 2025.

1.32

Higher than 39% of 2,746 companies in 2025.

2.2%

Higher than 41% of 2,782 companies in 2025.

M.D. CONSTRUCT Middle half of the sector 80% of the sector Abbreviated accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Staff figure correction
  • 2024 The accounts state 108,597.5 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure is therefore left out.
  • 2006 The accounts state 272 FTE. That amounts to ten times the staff at the balance sheet date, at low staff costs. The figure shown is 0.8 FTE (source: average staff, item 9087).

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 322,099229,448258,981171,854197,191159,916155,050200,674158,278117,889105,33395,812396,810444,694390,024418,969261,660274,331194,330169,433
21/28 3,6571585329051582956082,9892,6372,6372,6372,637199,681214,656225,004222,15217,00220,8845,3716,687
22/27 3,49903737470137449352---0191,863206,860217,208214,3569,20713,0882,6673,982
22 ------------188,100194,513200,925207,338----
23 ---------------1,0571,0537662,1123,280
24 3,49903737470137449352---03,76312,34816,2835,9618,15312,322554702
28 1581581581581581581582,6372,6372,6372,6372,6377,8187,7967,7967,7967,7967,7962,7052,705
29/58 318,442229,290258,449170,949197,032159,621154,443197,684155,641115,252102,69693,175197,129230,038165,020196,818244,658253,447188,959162,746
3 -------2,350----047038019,30020,09043,6144,9849,554
30/36 -------2,350----047038019,30020,09043,6144,9849,554
40/41 311,120225,887253,184167,023188,231158,612154,443195,334155,640115,245102,69693,175197,129207,64680,53898,589101,256186,363123,18298,572
40 46,64424,86078,82259,74149,630103,21959,64158,11797,580102,89290,70185,063127,169161,70253,94280,98254,829127,76391,30777,657
41 264,476201,027174,362107,282138,60155,39294,801137,21858,06112,35211,9958,11269,96045,94426,59617,60746,42758,60131,87520,915
54/58 7,3223,4035,2653,9268,8011,009000700-21,92284,10278,929123,31223,47060,79354,620
Balance sheet: equity and liabilities
10/49 322,099229,448258,981171,854197,191159,916155,050200,674158,278117,889105,33395,812396,810444,694390,024418,969261,660274,331194,330169,433
10/15 81,35974,42393,83892,24088,74777,27868,77566,07668,28969,31732,848-7,64163,40378,20384,59771,40090,39080,50880,00873,984
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 2,9332,9332,9332,9332,9332,9332,5082,5082,5082,5082,2552,2552,2552,2552,2551,5951,5951,1011,1011,101
130/1 2,9332,9332,9332,9332,9332,9332,508-------------
130 2,9332,9332,9332,9332,9332,9332,5082,5082,5082,5082,2552,2552,2552,2552,2551,5951,5951,1011,1011,101
14 16,4269,49028,90527,30623,81412,3454,2661,5683,7804,809-31,407-71,896-85213,94720,3417,80526,79517,40716,90710,883
17/49 240,740155,025165,14379,614108,44382,63886,276134,59789,98948,57272,485103,453333,407366,492305,427347,569171,270193,823114,32295,449
17 ------------159,474171,295193,627193,627----
170/4 ------------159,474171,295193,627193,627----
42/48 240,740155,025165,14379,614108,44382,63886,276134,59789,98948,57272,485103,453173,933195,197111,800153,942171,270193,823114,32295,449
42 ------------5,25810,25215,723-10,62310,62310,62310,623
43 ------6,7192,6002,095299,4093124,37336,12625,83725,83043,09247,98035,55635,559
430/8 ------6,7192,6002,095299,4093124,37336,12625,83725,83043,09247,98035,55635,559
44 238,188152,69728,50879,52894,86663,20956,946127,99785,13445,84459,90199,456141,748142,02666,764117,57466,489117,13254,61136,533
440/4 238,188152,69728,50879,52894,86663,20956,946127,99785,13445,84459,90199,456141,748142,02666,764117,57466,489117,13254,61136,533
46 ----------------35,722---
45 2,5522,328-8613,57719,42922,6114112,7602,6992,1503,6342,5536,7923,47610,53815,34518,08913,53312,253
450/3 2,552--86---79--------3,3809,92310,2507,433
454/9 -2,328--13,57719,42922,6113332,7602,6992,1503,6342,5536,7923,47610,53811,9658,1663,2834,820
47/48 --136,635----3,589--1,025332-------481
Income statement
70 399,798243,841478,423417,907288,447216,643250,716279,521203,69483,265173,06336,514410,002498,619678,135940,291942,373981,582703,865662,113
76A -----------500--------
9900 68,76394,44090,34193,74964,477101,51560,36546,64010,70546,95975,726-31,71682,80497,326125,711108,629127,787127,71789,24878,308
60/61 331,106149,401388,082325,001223,970115,127190,351232,980192,98936,30697,33768,329327,198401,293552,424831,663814,586853,865614,617583,805
62 57,126108,59887,36285,04852,47788,05150,79639,90210,3178,78213,29511,58945,69762,09160,64591,76792,936104,09562,60862,949
630 2,861373373373137313313176---4,26314,99713,84719,90012,9506,7136,0132,5443,528
640/8 1,125930777--7527503,824-3586475,0411,3814,8435,1086,7515,7776,5005,2428,582
66A ------45-------------
9901 7,651-15,4611,8288,32811,86412,4008,4612,73938837,81961,784-52,60920,72916,54540,058-2,83922,36111,10918,8533,249
75/76B --000-1----0226406382071094242
75 --000-1----0226406382071094242
65/66B 7157072292703942,1865,1391,4791,4161,35021,29518,93519,74518,06820,19112,3714,8553,6663,197469
65 7157072292703942,1865,1391,4791,4161,35021,29518,93519,74518,06820,19112,3714,8553,6663,197469
9903 6,936-16,1681,5998,05811,46910,2143,3231,260-1,02836,46940,489-71,0441,209-1,48319,873-15,17217,7137,55315,6982,822
67/77 -3,247-4,566-1,7106253,473----16,0094,9116,6773,8187,8317,0539,674-
9904 6,936-19,4151,5993,49211,4698,5032,698-2,212-1,02836,46940,489-71,044-14,799-6,39413,196-18,9909,8825006,0242,822
9905 6,936-19,4151,5993,49211,4698,5032,698-2,212-1,02836,46940,489-71,044-14,799-6,39413,196-18,9909,8825006,0242,822
Appropriation of the result
9906 16,4269,49028,90527,30623,81412,7704,2661,5683,7805,062-31,407-71,896-85213,94721,0017,80527,28917,40716,90711,455
14P 9,49028,90527,30623,81412,345---------------
691/2 -----425---253----660-494--572
6920 -----425---253----660-494--572
Social balance sheet
9087 --2----------1222110.8
Hours worked1013 ------------------01,408
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The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-07-2026 2026-00327254 PDF
31-12-2024 full format 06-10-2025 2025-00536771 PDF
31-12-2023 full format 21-10-2024 2024-00511915 PDF
31-12-2022 micro format 26-10-2023 2023-00495274 PDF
31-12-2021 micro format 15-11-2022 2022-20520081 PDF
31-12-2020 micro format 05-11-2021 2021-76700340 PDF
31-12-2019 micro format 25-06-2021 2021-25400049 PDF
31-12-2018 micro format 25-11-2019 2019-74400218 PDF
31-12-2017 full format 09-11-2018 2018-72100439 PDF
31-12-2016 full format 29-12-2017 2017-73700384 PDF
31-12-2015 full format 05-12-2016 2016-69600550 PDF
31-12-2014 full format 05-06-2015 2015-15700318 PDF
31-12-2013 full format 07-07-2014 2014-28500560 PDF
31-12-2012 full format 09-09-2013 2013-57900194 PDF
31-12-2011 full format 05-11-2012 2012-63200177 PDF
31-12-2010 full format 26-10-2011 2011-58700544 PDF
31-12-2009 full format 30-09-2010 2010-57000389 PDF
31-12-2008 full format 31-08-2009 2009-75100016 PDF
31-12-2007 full format 28-07-2008 2008-48300371 PDF
31-12-2006 full format 11-10-2007 2007-77300329 PDF
31-12-2005 full format 07-11-2006 2006-86801213 PDF
31-12-2004 full format 24-04-2007 2007-12200235 PDF
31-12-2003 full format 31-12-2004 2004-89702222 PDF
31-12-2002 abbreviated format 09-10-2003 2003-73601791 PDF
31-12-2001 full format 21-11-2002 2002-72701817 PDF
31-12-2000 full format 21-11-2002 2002-72701803 PDF
31-12-1999 full format 10-07-2000 2000-36600149 PDF
31-12-1998 full format 22-06-1999 1999-21601246 PDF
31-12-1997 full format 18-12-1998 1998-61804040 PDF
31-12-1996 full format 11-02-1998 1998-02501515 PDF
31-12-1995 full format 12-02-1997 1997-01905232 PDF
31-12-1994 full format 12-02-1997 1997-01905245 PDF
31-12-1993 full format 12-02-1997 1997-01905258 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
10,511-15,0882,2018,70212,00012,7128,7742,915----48,34635,72630,39259,95810,11129,07417,12221,3976,777
9,796-19,0421,9723,86611,6068,8163,011-2,036----66,7811987,45333,096-6,04016,5966,5138,5686,350
6,359001,12000410528----192,780223,50022,752217,0372,83221,5261,2283,376
3,920-1,8631,339-4,8757,7921,00900-770---62,1805,173-44,38399,842-37,3236,173-
77,70274,26593,30791,33588,58976,98368,16763,08765,65166,68030,211-10,27823,19734,84153,22042,87673,38859,62474,63767,297
1.9%-6.3%0.4%2.0%4.1%5.7%3.4%1.0%0.2%45.4%35.7%-5.1%3.3%5.9%-0.3%2.4%1.1%2.7%0.5%
25.3%32.4%36.2%53.7%45.0%48.3%44.4%32.9%43.1%58.8%31.2%-8.0%16.0%17.6%21.7%17.0%34.5%29.3%41.2%43.7%
1.321.481.572.151.821.931.791.471.732.371.420.901.131.181.481.281.431.311.651.71
1.321.481.572.151.821.931.791.451.732.371.420.901.131.181.471.151.311.081.611.60
2.962.081.760.861.221.071.252.041.320.702.21-5.264.693.614.871.892.411.431.29
8.5%-26.1%1.7%3.8%12.9%11.0%3.9%-3.3%-1.5%52.6%123.3%--23.3%-8.2%15.6%-26.6%10.9%0.6%7.5%3.8%
2.2%-8.5%0.6%2.0%5.8%5.3%1.7%-1.1%-0.6%30.9%38.4%-74.1%-3.7%-1.4%3.4%-4.5%3.8%0.2%3.1%1.7%
14.70-21.349.6032.1930.43---------------
43 days37 days60 days52 days63 days174 days87 days76 days175 days451 days191 days850 days113 days118 days29 days31 days21 days48 days47 days43 days
263 days373 days27 days89 days155 days200 days109 days201 days161 days461 days225 days531 days158 days129 days44 days52 days30 days50 days32 days23 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€6,359--€1,120-
€2,861€373€373€373€137

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on M.D. CONSTRUCT

The operating result for 2025 is a profit of €7,651, after a loss of €15,461 in 2024. It is the highest result since 2022.

Debt's share of the balance-sheet total rises from 67.6% to 74.7%. Equity and debt are higher.

Large changes and their cause
  • 2025 Turnover +64% on 2024. The accounts now follow the abbreviated format, last year the full format.

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