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M&LS CONSTRUCT

Active
Private limited companyfounded 2025active for 1 yearVlaanderenstraat 105, 1800 Vilvoorde, Belgium40 active companies are registered at this addressKBO/BCE: BE 1018.414.678
Summary

The computed 12-month bankruptcy probability of M&LS CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €9,321 and a net result of €6,321. Its solvency ranks better than 50% of 34,483 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429383.

Equity
€9,321
Total assets
€19,926
Net result
€6,321
Working capital
€6,155

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €19,926
Fixed assets €3,167
Current assets €16,759
Equity and liabilities €19,926
Equity €9,321
Debt €10,605
Debt finances 53.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€8,060
Cash flow
€6,635
Current ratio
1.58
Debt to equity
1.14
ROE
67.8%
ROA
31.7%
Interest coverage
over 100
Debt ≤ 1 year
€10,605
Income taxes
€1,586

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€19,926
Fixed assets21/28€3,167
Tangible fixed assets22/27€2,987
Furniture and vehicles24€2,987
Financial fixed assets28€180
Current assets29/58€16,759
Amounts receivable within one year40/41€15,734
Trade receivables40€5,980
Other amounts receivable41€9,754
Cash at bank and in hand54/58€1,025
Equity and liabilities
Total equity and liabilities10/49€19,926
Equity10/15€9,321
Contributions10/11€3,000
Profit (loss) carried forward14€6,321
Amounts payable17/49€10,605
Amounts payable within one year42/48€10,605
Trade debts44€2,188
Suppliers440/4€2,188
Advances received on contracts in progress46€6,830
Taxes, remuneration and social security45€1,586
Taxes450/3€1,586
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€313
Gross operating margin9900€8,060
Operating profit (loss)9901€7,746
Financial income75/76B€233
Recurring financial income75€233
Financial charges65/66B€72
Recurring financial charges65€72
Profit (loss) for the period before taxes9903€7,908
Income taxes67/77€1,586
Profit (loss) for the period9904€6,321
Profit (loss) for the period to be appropriated9905€6,321
Appropriation of the result
Profit (loss) to be appropriated9906€6,321

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€313
Gross operating margin9900€8,060
Operating profit (loss)9901€7,746
Financial income75/76B€233
Recurring financial income75€233
Financial charges65/66B€72
Recurring financial charges65€72
Profit (loss) for the period before taxes9903€7,908
Income taxes67/77€1,586
Profit (loss) for the period9904€6,321
Profit (loss) for the period to be appropriated9905€6,321
Line2025
Assets
Total assets20/58€19,926
Fixed assets21/28€3,167
Tangible fixed assets22/27€2,987
Furniture and vehicles24€2,987
Financial fixed assets28€180
Current assets29/58€16,759
Amounts receivable within one year40/41€15,734
Trade receivables40€5,980
Other amounts receivable41€9,754
Cash at bank and in hand54/58€1,025
Equity and liabilities
Total equity and liabilities10/49€19,926
Equity10/15€9,321
Contributions10/11€3,000
Profit (loss) carried forward14€6,321
Amounts payable17/49€10,605
Amounts payable within one year42/48€10,605
Trade debts44€2,188
Suppliers440/4€2,188
Advances received on contracts in progress46€6,830
Taxes, remuneration and social security45€1,586
Taxes450/3€1,586
Line2025
Profit (loss) for the period9904€6,321
+ Depreciation and write-downs630€313
Operating cash flow (approximation)€6,635

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 24-08-2026 2026-00429383

Similar companies · same sector, comparable size

Of the 3,968 active companies whose main activity is plastering work (NACE 43310), figures are known for 1,741. 1,029 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.