M & L CONSTRUCT
ActiveSummary
M & L CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,441 and a net result of €10,535. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-37
Solvency59▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.23 in 2024; short-term debt: 57.9% and cash: 6.8% of total assets), and 65.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.2%
Return on assets
2.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
35 d early
2023
2 d late
2022
139 d early
2021
129 d early
2020
45 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€161,441▲ 7.0%
2024 · €150,906
Total assets
€472,280▲ 31.6%
2024 · €358,910
Net result
€10,535▼ 80.8%
2024 · €54,924
Working capital
€39,575▼ 16.1%
2024 · €47,175
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€46,037▲ 819%€5,899▼ 87.2%€11,253▲ 90.8%€92,799▲ 725%€20,236▼ 78.2%
Net result€42,169within the sector's middle half▲ 754%€1,254within the sector's middle half▼ 97.0%€4,869within the sector's middle half▲ 288%€54,924within the sector's middle half▲ 1,028%€10,535within the sector's middle half▼ 80.8%
Equity€89,859within the sector's middle half▲ 88.4%€91,113within the sector's middle half▲ 1.4%€95,982within the sector's middle half▲ 5.3%€150,906within the sector's middle half▲ 57.2%€161,441within the sector's middle half▲ 7.0%
Total assets€152,643below the sector's middle half▲ 48.2%€333,296below the sector's middle half▲ 118%€411,186below the sector's middle half▲ 23.4%€358,910below the sector's middle half▼ 12.7%€472,280below the sector's middle half▲ 31.6%
Debt€62,784▲ 13.6%€242,183▲ 286%€315,204▲ 30.2%€208,004▼ 34.0%€310,839▲ 49.4%
Working capital€87,916▲ 84.8%€83,747▼ 4.7%-€18,681€47,175€39,575▼ 16.1%
Solvency58.9%within the sector's middle half▲ 12.6pp27.3%within the sector's middle half▼ 31.5pp23.3%within the sector's middle half▼ 4.0pp42.0%within the sector's middle half▲ 18.7pp34.2%within the sector's middle half▼ 7.9pp
Staff (FTE)0.5below the sector's middle half1.1within the sector's middle half▲ 120%1within the sector's middle half▼ 9.1%1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €472,280
Fixed assets
€159,395 ▲ 52.5%
Current assets
€312,885 ▲ 23.0%
Equity and liabilities €472,280
Equity
€161,441 ▲ 7.0%
Debt
€310,839 ▲ 49.4%
Debt's share of the balance-sheet total rises from 58.0% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25,749▼
2024 · €98,216
Cash flow
€16,048▼
2024 · €60,341
Current ratio
1.14▼
2024 · 1.23
Quick ratio
0.65▲
2024 · 0.61
Debt to equity
1.93▲
2024 · 1.38
ROE
6.5%▼
2024 · 36.4%
ROA
2.2%▼
2024 · 15.3%
Interest coverage
3.58▼
2024 · 9.12
Debt ≤ 1 year
€273,310▲
2024 · €207,184
Debt > 1 year
€36,124
Income taxes
€2,519▼
2024 · €27,107
Staff costs
€49,541▼
2024 · €51,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 16,986 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €53,501 | €53,667 | €51,857 | €49,541 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165 | €4,442 | €11,881 | €5,417 | €5,513 | ▲ 1.8% |
| Other operating charges640/8 | - | €1,385 | €1,816 | €1,317 | €1,781 | ▲ 35.2% |
| Non-recurring operating charges66A | - | - | - | €12,906 | - | - |
| Gross operating margin9900 | €69,586 | €65,226 | €78,617 | €164,296 | €77,071 | ▼ 53.1% |
| Operating profit (loss)9901 | €46,037 | €5,899 | €11,253 | €92,799 | €20,236 | ▼ 78.2% |
| Financial charges65/66B | - | €4,645 | €6,154 | €10,768 | €7,183 | ▼ 33.3% |
| Recurring financial charges65 | €62 | €4,645 | €6,154 | €10,768 | €7,183 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €45,975 | €1,254 | €5,098 | €82,031 | €13,053 | ▼ 84.1% |
| Income taxes67/77 | €3,806 | - | €229 | €27,107 | €2,519 | ▼ 90.7% |
| Profit (loss) for the period9904 | €42,169 | €1,254 | €4,869 | €54,924 | €10,535 | ▼ 80.8% |
| Profit (loss) for the period to be appropriated9905 | €42,169 | €1,254 | €4,869 | €54,924 | €10,535 | ▼ 80.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,643 | €333,296 | €411,186 | €358,910 | €472,280 | ▲ 31.6% |
| Fixed assets21/28 | €1,943 | €34,406 | €134,772 | €104,551 | €159,395 | ▲ 52.5% |
| Tangible fixed assets22/27 | €1,818 | €34,281 | €134,647 | €104,426 | €159,270 | ▲ 52.5% |
| Land and buildings22 | - | - | €101,541 | €98,411 | €95,282 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | €513 | €401 | €289 | ▼ 28.0% |
| Furniture and vehicles24 | - | €34,281 | €32,593 | €5,614 | €63,699 | ▲ 1,035% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €150,701 | €298,890 | €276,414 | €254,359 | €312,885 | ▲ 23.0% |
| Stocks and contracts in progress3 | €13,700 | €163,206 | €124,073 | €128,135 | €134,500 | ▲ 5.0% |
| Stocks30/36 | - | €163,206 | €85,059 | €93,334 | €94,129 | ▲ 0.9% |
| Contracts in progress37 | - | - | €39,014 | €34,800 | €40,371 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €125,022 | €125,538 | €83,857 | €117,082 | €138,320 | ▲ 18.1% |
| Trade receivables40 | - | €43,391 | €9,344 | €26,448 | €16,628 | ▼ 37.1% |
| Other amounts receivable41 | - | €82,147 | €74,513 | €90,635 | €121,692 | ▲ 34.3% |
| Cash at bank and in hand54/58 | €8,377 | €5,970 | €63,169 | €2,883 | €32,351 | ▲ 1,022% |
| Deferred charges and accrued income490/1 | - | €4,176 | €5,315 | €6,259 | €7,713 | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,643 | €333,296 | €411,186 | €358,910 | €472,280 | ▲ 31.6% |
| Equity10/15 | €89,859 | €91,113 | €95,982 | €150,906 | €161,441 | ▲ 7.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €33,607 | €33,607 | €34,482 | €89,406 | €99,941 | ▲ 11.8% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €27,457 | €28,332 | €83,256 | €93,791 | ▲ 12.7% |
| Profit (loss) carried forward14 | -€5,248 | -€3,995 | - | - | - | - |
| Amounts payable17/49 | €62,784 | €242,183 | €315,204 | €208,004 | €310,839 | ▲ 49.4% |
| Amounts payable after more than one year17 | - | €26,045 | €18,705 | - | €36,124 | - |
| Financial debts170/4 | - | €26,045 | €18,705 | - | €36,124 | - |
| Amounts payable within one year42/48 | €62,784 | €215,143 | €295,095 | €207,184 | €273,310 | ▲ 31.9% |
| Current portion of amounts payable after more than one year42 | - | €7,260 | €7,340 | - | €6,866 | - |
| Financial debts43 | - | €3,348 | - | €20,505 | €20,000 | ▼ 2.5% |
| Credit institutions430/8 | - | €3,348 | - | €20,505 | €20,000 | ▼ 2.5% |
| Trade debts44 | €54,417 | €49,385 | €31,425 | €18,786 | €27,338 | ▲ 45.5% |
| Suppliers440/4 | - | €49,385 | €31,425 | €18,786 | €27,338 | ▲ 45.5% |
| Taxes, remuneration and social security45 | - | €9,580 | €5,339 | €11,165 | €3,386 | ▼ 69.7% |
| Taxes450/3 | - | €3,796 | €2,822 | €11,165 | €3,236 | ▼ 71.0% |
| Remuneration and social security454/9 | - | €5,784 | €2,517 | - | €150 | - |
| Other amounts payable47/48 | - | €145,571 | €250,991 | €156,728 | €215,720 | ▲ 37.6% |
| Accrued charges and deferred income492/3 | - | €995 | €1,405 | €820 | €1,405 | ▲ 71.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,169 | €1,254 | €4,869 | €54,924 | €10,535 | ▼ 80.8% |
| + Depreciation and write-downs630 | €165 | €4,442 | €11,881 | €5,417 | €5,513 | ▲ 1.8% |
| Operating cash flow (approximation) | €42,334 | €5,696 | €16,750 | €60,341 | €16,048 | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | -€36,905 | -€112,247 | €24,804 | -€60,357 | ▼ 343% |
| Change in cash | - | -€2,407 | €57,200 | -€60,286 | €29,468 | ▲ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €150,000Eq €150,906 ▲57.2%
5 profitable years in a row build equity to €150,906.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €4,938
Net result €4,938 after one loss-making year.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet -€13,719
Net result drops to -€13,719, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Ieper · 1 establishment unit since 2000
Ground area
1,502 m²
Building footprint
124 m²
Volume, LiDAR
581 m³
Parcel 33302B0204/00G004, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oude Kortrijkstraat 16, 8900 Ieper
since 20002.115.703.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302B0204/00G004 | Flanders | 1,502 m² | 1 · 124 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 351 EUR awarded · 351 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 216 EUR | 216 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,833 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-01-2000
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
68110Buying and selling of own real estate
64210Activities of holding companies
70200Business and other management consultancy
71111Activities of building architects
73300Public relations and communication consultancy
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469326283
Registered
21-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.