M & L CONSTRUCT
ActiveFrom the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
M & L CONSTRUCT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,441 and a net result of €10,535. Equity has been growing by about 22% per year since 2019. Its solvency ranks better than 53% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 06-01-2000 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 6 others
- Establishment unit
- 2.115.703.127 8900 Ieper, since 15-02-2000
- Financial year end
- 30 September
- Peppol
- Reachable since 21-01-2026
Board and ownership
- HUYS Christiaan Albert CorneliusManaging director
- VERBIESE Nathalie Anna CorneliaManaging director
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €77,071
- ▼ 53.1%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €10,535
- ▼ 80.8%
- Equity
- €161,441
- ▲ 7.0%
- Total assets
- €472,280
- ▲ 31.6%
- Staff
- 1 FTE
- =
Score breakdownraises riskProfit of €10,535 (financial year 2025)lowers riskLegal form: public limited companyFounded in 2000Figures for financial year 2025 (filed on 29-04-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 52% of them on solvency, 22% on liquidity, 43% on profitability and 62% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-04-2026 PDF all 25 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 78% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as M & L CONSTRUCT: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €434,000 and €991,000, founded between 1988 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| M & L CONSTRUCT Ieper | 2000 | €472,280 | €161,441 | €77,071 | €10,535 | 1 | 2025 |
| MARTENS BESTRATINGEN Wuustwezel | 1995 | €451,177 | €239,806 | €112,206 | €5,349 | 1 | 2025 |
| PROMOTIE OOSTENDE KOERSE Oostende | 2006 | €433,652 | -€290,866 | €123,679 | €81,927 | 1.6 | 2025 |
| HET KAPITTELHOF Roeselare | 2000 | €990,922 | €37,942 | €140,066 | €88,502 | 0.7 | 2025 |
| DARAC Balen | 1988 | €603,791 | €564,230 | €96,195 | €12,564 | 1 | 2025 |
| EDEN CONSULT Elsene | 2007 | €567,553 | €228,136 | €144,152 | €45,094 | 1.1 | 2025 |
| VERSION 9 Orp-Jauche | 1996 | €664,487 | €623,986 | €106,820 | €54,089 | 0.5 | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as M & L CONSTRUCT has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M & L CONSTRUCT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for M & L 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.
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €351 awarded · €351 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €216 | €216 |
| 2023 | 1 | €135 | €135 |
| Line | 2019 | 2020 | 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 | -€12,931 | €12,639 | €69,586 | €65,226 | €78,617 | €164,296 | €77,071 | ▼ 53.1% |
| Operating profit (loss)9901 | -€14,149 | €5,009 | €46,037 | €5,899 | €11,253 | €92,799 | €20,236 | ▼ 78.2% |
| Recurring financial income75 | €465 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,645 | €6,154 | €10,768 | €7,183 | ▼ 33.3% |
| Recurring financial charges65 | €35 | €72 | €62 | €4,645 | €6,154 | €10,768 | €7,183 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | -€13,719 | €4,938 | €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 | -€13,719 | €4,938 | €42,169 | €1,254 | €4,869 | €54,924 | €10,535 | ▼ 80.8% |
| Profit (loss) for the period to be appropriated9905 | -€13,719 | €4,938 | €42,169 | €1,254 | €4,869 | €54,924 | €10,535 | ▼ 80.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €103,094 | €102,974 | €152,643 | €333,296 | €411,186 | €358,910 | €472,280 | ▲ 31.6% |
| Fixed assets21/28 | €125 | €125 | €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 | ▲ 11× |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €102,969 | €102,849 | €150,701 | €298,890 | €276,414 | €254,359 | €312,885 | ▲ 23.0% |
| Stocks and contracts in progress3 | - | €5,771 | €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 | €77,375 | €91,048 | €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 | €22,927 | €4,086 | €8,377 | €5,970 | €63,169 | €2,883 | €32,351 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | - | - | €4,176 | €5,315 | €6,259 | €7,713 | ▲ 23.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €103,094 | €102,974 | €152,643 | €333,296 | €411,186 | €358,910 | €472,280 | ▲ 31.6% |
| Equity10/15 | €42,752 | €47,690 | €89,859 | €91,113 | €95,982 | €150,906 | €161,441 | ▲ 7.0% |
| Contributions10/11 | €61,500 | €61,500 | €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 | €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 | -€52,355 | -€47,418 | -€5,248 | -€3,995 | - | - | - | - |
| Amounts payable17/49 | €60,342 | €55,284 | €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 | €60,342 | €55,284 | €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 | €42,597 | €50,678 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,719 | €4,938 | €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) | -€13,719 | €4,938 | €42,334 | €5,696 | €16,750 | €60,341 | €16,048 | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,983 | -€36,905 | -€112,247 | €24,804 | -€60,357 | - |
| Change in cash | - | -€18,842 | €4,291 | -€2,407 | €57,200 | -€60,286 | €29,468 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-04-2026 | 2026-00091622 | |
| 30-09-2024 | abbreviated format | 26-03-2025 | 2025-00056084 | |
| 30-09-2023 | abbreviated format | 02-05-2024 | 2024-00080938 | |
| 30-09-2022 | abbreviated format | 12-12-2022 | 2022-20537483 | |
| 30-09-2021 | abbreviated format | 22-12-2021 | 2021-81400017 | |
| 30-09-2020 | abbreviated format | 16-03-2021 | 2021-07700200 | |
| 30-09-2019 | abbreviated format | 19-03-2020 | 2020-07200113 | |
| 30-09-2018 | abbreviated format | 11-03-2019 | 2019-06900288 | |
| 30-09-2017 | abbreviated format | 26-03-2018 | 2018-07900422 | |
| 30-09-2016 | abbreviated format | 24-04-2017 | 2017-10200335 |
Board & ownership
Directors
Board 2
Day-to-day management 2
Owners and capital
Capital transactions
- 04-12-2023 Capital stated in the deed · €61,500 · 278 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| HUYS Christiaan Albert Cornelius |
|
| VERBIESE Nathalie Anna Cornelia |
|
| Maxime HUYS |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, algemene vergadering”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering, elk moment”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Artikel 2:80 WVV, ontbinding en sluiting vereffening in één akte”
Articles of association, deed of 04-12-2023 (in Dutch)
Network & group
M & L CONSTRUCT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of M & L CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-12
Gazette deed
Reappointments: HUYS Christiaan Albert Cornelius (director) and VERBIESE Nathalie Anna Cornelia (director)Appointment: VERBIESE Nathalie Anna Cornelia (managing director) · Capital · Registered office clause12 points ▸
- Capital, €61,500
- Registered office clause, “8900 Ieper, Oude Kortrijkstraat 16” (deed in Dutch)
- Director reappointment, HUYS Christiaan Albert Cornelius (director)
- Director reappointment, VERBIESE Nathalie Anna Cornelia (director)
- Director reappointment, HUYS Christiaan Albert Cornelius (managing director and chair of the board)
- Director appointment, VERBIESE Nathalie Anna Cornelia (managing director)
- General meeting, 28-11-2023
- Other provision, “statutenwijziging met aanneming actuele benaming en rechtsvorm, Meester Michael Mertens te Ieper” (deed in Dutch)
- Registered-office move, 8900 Ieper,Oude Kortrijkstraat 16
- Other provision, 22-11-2023
- Purpose change
- Amendment of the articles
04-10
Gazette deed
Resignation: Maxime HUYS (director)Director discharge4 points ▸
- General meeting, 18-07-2023
- Director resignation, Maxime HUYS (director)
- Director discharge, Maxime HUYS
- Director in office, Christiaan HUYS (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
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. Use the enterprise number 0469.326.283
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33302B0204/00G004 | Flanders | 1,502 m² | 1 · 124 m² | 8.0 m · 2 |