M & D Construct
Annual accounts 2026
micro format, filed on 30-10-2026, 1 day before the deadline-€7,124
▼ €3,873
-€7,733
▼ €3,890
-€7,763
▼ €3,891
€20,471
▼ 27.5%
96.8%
▼ 2.2 percentage points
31.31
▼ 64.94
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €21,146 on 31-03-2026What the company ownsHow it is paid for
in euro
in euro
Position in the sector
96.8%
Higher than 95% of 17,194 companies in 2025.
31.31
Higher than 95% of 16,491 companies in 2025.
-36.7%
Higher than 8% of 16,870 companies in 2025.
M & D Construct
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
21,146 | 28,530 | 32,697 | 45,935 | 54,043 | 68,516 | 78,879 | 520,920 | 842,597 | 1.2m | 391,234 | 780,806 | 520,949 | |
21/28 |
- | - | - | - | - | - | - | - | 11,000 | 167 | - | - | - | |
28 |
- | - | - | - | - | - | - | - | 11,000 | 167 | - | - | - | |
29/58 |
21,146 | 28,530 | 32,697 | 45,935 | 54,043 | 68,516 | 78,879 | 520,920 | 831,597 | 1.2m | 391,234 | 780,806 | 520,949 | |
3 |
- | - | - | - | - | - | - | - | 758,272 | 1.1m | 563 | 601,578 | 318,438 | |
30/36 |
- | - | - | - | - | - | - | - | 758,272 | 1.1m | 563 | 601,578 | 318,438 | |
40/41 |
292 | 295 | 2,406 | 150 | 308 | 530 | 4,370 | - | 18,389 | 7,128 | 253,208 | 22,325 | - | |
40 |
- | 0 | 2,182 | - | - | 0 | 4,156 | - | 18,389 | - | - | 500 | - | |
41 |
292 | 295 | 224 | 150 | 308 | 530 | 214 | - | - | 7,128 | 253,208 | 21,825 | - | |
54/58 |
20,854 | 28,235 | 30,291 | 45,785 | 53,735 | 67,986 | 74,508 | 520,307 | 53,621 | 32,438 | 137,463 | 156,904 | 202,512 | |
490/1 |
- | - | - | - | - | - | 0 | 614 | 1,315 | 710 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
21,146 | 28,530 | 32,697 | 45,935 | 54,043 | 68,516 | 78,879 | 520,920 | 842,597 | 1.2m | 391,234 | 780,806 | 520,949 | |
10/15 |
20,471 | 28,233 | 32,105 | 41,708 | 46,796 | 58,986 | 63,086 | 88,700 | 88,381 | 87,492 | 85,334 | 59,567 | 58,258 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 0 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 0 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
11 |
- | - | - | - | - | - | 25,000 | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 25,000 | - | - | - | - | - | - | |
13 |
0 | 3,233 | 7,105 | 16,708 | 21,796 | 33,986 | 38,086 | 38,700 | 38,381 | 37,492 | 35,334 | 9,567 | 8,258 | |
130 |
- | - | - | - | - | - | 0 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
133 |
0 | 3,233 | 7,105 | 16,708 | 21,796 | 33,986 | 38,086 | 33,700 | 33,381 | 32,492 | 30,334 | 4,567 | 3,258 | |
14 |
-4,529 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
675 | 296 | 593 | 4,227 | 7,247 | 9,530 | 15,793 | 432,220 | 754,217 | 1.1m | 305,900 | 721,239 | 462,692 | |
17 |
- | - | - | - | - | - | - | - | 150,000 | 150,000 | 50,000 | 50,000 | - | |
170/4 |
- | - | - | - | - | - | - | - | 150,000 | 150,000 | 50,000 | 50,000 | - | |
42/48 |
675 | 296 | 593 | 4,227 | 7,247 | 9,530 | 15,793 | 423,335 | 575,784 | 916,084 | 249,431 | 660,359 | 448,838 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | 400,000 | - | |
43 |
- | - | - | - | - | - | - | - | - | 200,000 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | 200,000 | - | - | - | |
44 |
225 | 262 | 462 | 3,976 | 6,900 | 9,347 | 15,755 | 33,451 | 54,634 | 62,816 | 2,144 | 359 | 20,491 | |
440/4 |
225 | 262 | 462 | 3,976 | 6,900 | 9,347 | 15,755 | 33,451 | 54,634 | 62,816 | 2,144 | 359 | 20,491 | |
45 |
- | - | - | - | - | - | 0 | 117,884 | 136,151 | 13,268 | 12,287 | - | 58,347 | |
450/3 |
- | - | - | - | - | - | 0 | 117,884 | 136,151 | 13,268 | 12,287 | - | 58,347 | |
47/48 |
451 | 34 | 131 | 251 | 347 | 183 | 38 | 272,000 | 385,000 | 640,000 | 235,000 | 260,000 | 370,000 | |
492/3 |
- | - | - | - | - | - | 0 | 8,885 | 28,432 | 32,679 | 6,469 | 10,880 | 13,854 | |
| Income statement | ||||||||||||||
9900 |
-7,124 | -3,251 | -4,362 | -4,577 | -7,540 | -3,102 | 693 | 272,423 | 309,211 | 180,712 | 229,251 | 28,086 | 141,271 | |
640/8 |
610 | 592 | 5,217 | 487 | 4,627 | 977 | 1,263 | 453 | 485 | 1,120 | 450 | 449 | 1,179 | |
9901 |
-7,733 | -3,843 | -9,579 | -5,064 | -12,167 | -4,079 | -570 | 271,971 | 308,727 | 179,592 | 228,802 | 27,637 | 140,092 | |
75/76B |
- | - | - | - | - | 0 | 1 | 16,910 | 28,321 | 21,428 | 2,568 | 13,229 | 13,844 | |
75 |
- | - | - | - | - | 0 | 1 | 16,910 | 28,321 | 21,428 | 2,568 | 13,229 | 13,844 | |
65/66B |
29 | 29 | 24 | 24 | 23 | 21 | 45 | 16,433 | 35,852 | 43,760 | 8,281 | 14,557 | 22,979 | |
65 |
29 | 29 | 24 | 24 | 23 | 21 | 45 | 16,433 | 35,852 | 43,760 | 8,281 | 14,557 | 22,979 | |
9903 |
-7,763 | -3,871 | -9,603 | -5,088 | -12,190 | -4,100 | -614 | 272,447 | 301,196 | 157,259 | 223,088 | 26,309 | 130,957 | |
67/77 |
- | - | - | - | - | - | 0 | 128 | 307 | 101 | 12,321 | - | 2,699 | |
9904 |
-7,763 | -3,871 | -9,603 | -5,088 | -12,190 | -4,100 | -614 | 272,319 | 300,889 | 157,158 | 210,767 | 26,309 | 128,258 | |
9905 |
-7,763 | -3,871 | -9,603 | -5,088 | -12,190 | -4,100 | -614 | 272,319 | 300,889 | 157,158 | 210,767 | 26,309 | 128,258 | |
| Appropriation of the result | ||||||||||||||
9906 |
-7,763 | -3,871 | -9,603 | -5,088 | -12,190 | -4,100 | -614 | 272,319 | 300,889 | 157,158 | 210,767 | 26,309 | 128,258 | |
791/2 |
3,233 | 3,871 | 9,603 | 5,088 | 12,190 | 4,100 | 614 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 0 | 319 | 889 | 2,158 | 25,767 | 1,309 | 8,258 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,000 | |
6921 |
- | - | - | - | - | - | 0 | 319 | 889 | 2,158 | 25,767 | 1,309 | 3,258 | |
694/7 |
- | - | - | - | - | - | 0 | 272,000 | 300,000 | 155,000 | 185,000 | 25,000 | 120,000 | |
695 |
- | - | - | - | - | - | 0 | 272,000 | 300,000 | 155,000 | 185,000 | 25,000 | 120,000 | |
| Document | ||||||||||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00599701 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00557845 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00516339 | |
| 31-03-2023 | micro format | 06-11-2023 | 2023-00506306 | |
| 31-03-2022 | micro format | 17-10-2022 | 2022-20464060 | |
| 31-03-2021 | abbreviated format | 30-09-2021 | 2021-70100034 | |
| 31-03-2020 | abbreviated format | 30-09-2020 | 2020-57100133 | |
| 31-03-2019 | abbreviated format | 27-09-2019 | 2019-66200586 | |
| 31-03-2018 | abbreviated format | 26-09-2018 | 2018-65100210 | |
| 31-03-2017 | abbreviated format | 02-10-2017 | 2017-66300183 | |
| 30-09-2015 | abbreviated format | 23-03-2016 | 2016-07200054 | |
| 30-09-2014 | abbreviated format | 20-03-2015 | 2015-06700574 | |
| 30-09-2013 | abbreviated format | 11-04-2014 | 2014-09100058 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | 11,000 | 167 | - | - | - | ||
| -7,380 | -2,057 | -15,493 | -7,951 | -14,250 | -6,523 | -445,798 | 466,686 | 21,183 | - | -19,440 | -45,608 | - | ||
| 20,471 | 28,233 | 32,105 | 41,708 | 46,796 | 58,986 | 63,086 | 97,586 | 255,813 | 270,005 | 141,803 | 120,447 | 72,112 | ||
| 96.8% | 99.0% | 98.2% | 90.8% | 86.6% | 86.1% | 80.0% | 17.0% | 10.5% | 7.4% | 21.8% | 7.6% | 11.2% | ||
| 31.31 | 96.25 | 55.17 | 10.87 | 7.46 | 7.19 | 4.99 | 1.23 | 1.44 | 1.29 | 1.57 | 1.18 | 1.16 | ||
| 31.31 | 96.25 | 55.17 | 10.87 | 7.46 | 7.19 | 4.99 | 1.23 | 0.13 | 0.04 | 1.57 | 0.27 | 0.45 | ||
| 0.03 | 0.01 | 0.02 | 0.10 | 0.15 | 0.16 | 0.25 | 4.87 | 8.53 | 12.56 | 3.58 | 12.11 | 7.94 | ||
| -37.9% | -13.7% | -29.9% | -12.2% | -26.0% | -7.0% | -1.0% | 307.0% | 340.4% | 179.6% | 247.0% | 44.2% | 220.2% | ||
| -36.7% | -13.6% | -29.4% | -11.1% | -22.6% | -6.0% | -0.8% | 52.3% | 35.7% | 13.2% | 53.9% | 3.4% | 24.6% |
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.
Insights on M & D Construct
The operating result for 2026 is a loss of €7,733, larger than the loss of €3,843 in 2025.
Debt's share of the balance-sheet total rises from 1.0% to 3.2%. Equity is lower and debt is higher.