M GROUP CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of M GROUP CONSTRUCT is 4.6% (elevated). The 2025 annual accounts show equity of €19,872 and a net result of €16,872. Its solvency ranks better than 41% of 9,288 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €19,872
- Profit
- €16,872
Why 38raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €57,279Liquidity: current ratio 1.49, cash €604Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 42% on solvency, 14% on liquidity and 50% on profitability.
The bankruptcy probability was computed on 22-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: Marian NOVOSAD (enige en…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148 |
| Gross operating margin9900 | €32,549 |
| Operating profit (loss)9901 | €32,401 |
| Financial income75/76B | €4 |
| Recurring financial income75 | €4 |
| Financial charges65/66B | €11,246 |
| Recurring financial charges65 | €11,246 |
| Profit (loss) for the period before taxes9903 | €21,159 |
| Income taxes67/77 | €4,287 |
| Profit (loss) for the period9904 | €16,872 |
| Profit (loss) for the period to be appropriated9905 | €16,872 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €57,279 | |
| Fixed assets21/28 | €1,658 | |
| Tangible fixed assets22/27 | €1,658 | |
| Plant, machinery and equipment23 | €1,658 | |
| Current assets29/58 | €55,621 | |
| Amounts receivable within one year40/41 | €55,017 | |
| Trade receivables40 | €35,899 | |
| Other amounts receivable41 | €19,118 | |
| Cash at bank and in hand54/58 | €604 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €57,279 | |
| Equity10/15 | €19,872 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €16,872 | |
| Amounts payable17/49 | €37,407 | |
| Amounts payable within one year42/48 | €37,407 | |
| Trade debts44 | €12,681 | |
| Suppliers440/4 | €12,681 | |
| Taxes, remuneration and social security45 | €24,727 | |
| Taxes450/3 | €4,287 | |
| Remuneration and social security454/9 | €20,440 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €16,872 |
| + Depreciation and write-downs630 | €148 |
| Operating cash flow (approximation) | €17,020 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 17-12-2025 | 2025-00584752 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Other functions 1
Mandate history
- Board
- Other function
| Name | Functions and periods |
|---|---|
| Marian NOVOSAD |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-03
Gazette deed
IncorporationAppointment: Marian NOVOSAD (enige en niet statutaire bestuurder) · Registered office clause · Board rule12 facts ▸
- Registered office clause, “Vlaamse Gewest, 1620 Drogenbos,W.A. Mozartlaan 2” (deed in Dutch)
- Other provision, “website en e-mailadres vennootschap” (deed in Dutch)
- Board rule, 1
- Director appointment, Marian NOVOSAD (enige en niet statutaire bestuurder)
- Other provision, “Wet 2023-05-04 Centraal Register Bestuursverboden, art 1,1bis,2 KB nr.22 1934-10-24” (deed in Dutch)
- Other provision, “JustBan-controles, geen publicaties op naam” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en rechten en verplichtingen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Incorporation, 12-03-2024
- Founder, Marian NOVOSAD
- Founding capital, €5,000
- Other provision, “financieel plan, vóór verlijden oprichtingsakte” (deed in Dutch)
- Other provision, “bewaring financieel plan, in ontvangst genomen en bewaard” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1007.052.515
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22001A0006/00W002 | Flanders | 1.1 ha | 1 · 794 m² | 13.0 m · 4 |
| 41302C0999/00F004 | Flanders | 3,006 m² | 1 · 200 m² | 42.0 m · 13 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- M GROUP CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, België” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s),naar evenredigheid aantal verworven aandelen, elke overdracht onder levenden ten bezwarende en kosteloze…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:80 WVV, in functie zijnde bestuurder(s) van rechtswege” (deed in Dutch)