M.O. Construct
ActiveSummary
M.O. Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €28k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-6
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 3.72 against 3.75 in 2023; short-term debt: 25% and cash: 22% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
92 d late
2022
60 d late
2021
170 d late
2020
217 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€789k▲ 29.5%
2023 · €609k
2020: €331k
2021: €430k▲ +29.8% vs 2020
2022: €331k▼ -23.1% vs 2021lowest in 5 years
2023: €609k▲ +84.3% vs 2022
2024: €789k▲ +29.5% vs 2023highest in 5 years
2020 → 2024
EBIT margin
4.8%▼ 2.9pp
2023 · 7.7%
2020: -1.8%lowest in 5 years
2021: 4.3%▲ +335% vs 2020
2022: 6.0%▲ +38.3% vs 2021
2023: 7.7%▲ +28.1% vs 2022highest in 5 years
2024: 4.8%▼ -37.5% vs 2023
2020 → 2024
Net result
€28k▼ 4.2%
2023 · €29k
2018: €7k
2019: €2k▼ -65.4% vs 2018
2020: €-3k▼ -226% vs 2019lowest in 7 years
2021: €14k▲ +531% vs 2020
2022: €16k▲ +17.2% vs 2021
2023: €29k▲ +82.7% vs 2022highest in 7 years
2024: €28k▼ -4.2% vs 2023
2018 → 2024
Working capital
€173k▲ 15.4%
2023 · €150k
2018: €99klowest in 7 years
2019: €104k▲ +5.0% vs 2018
2020: €102k▼ -2.5% vs 2019
2021: €113k▲ +10.7% vs 2020
2022: €118k▲ +4.4% vs 2021
2023: €150k▲ +27.4% vs 2022
2024: €173k▲ +15.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€331k-€430k▲ 29.8%€331k▼ 23.1%€609k▲ 84.3%€789k▲ 29.5%
2020: €331k
2021: €430k▲ +29.8% vs 2020
2022: €331k▼ -23.1% vs 2021lowest in 5 years
2023: €609k▲ +84.3% vs 2022
2024: €789k▲ +29.5% vs 2023highest in 5 years
Equity€104k-€118k▲ 13.0%€134k▲ 13.5%€163k▲ 21.8%€191k▲ 17.1%
2020: €104klowest in 5 years
2021: €118k▲ +13.0% vs 2020
2022: €134k▲ +13.5% vs 2021
2023: €163k▲ +21.8% vs 2022
2024: €191k▲ +17.1% vs 2023highest in 5 years
Operating result€-6k-€19k€20k▲ 6.4%€47k▲ 136%€38k▼ 19.0%
2020: €-6klowest in 5 years
2021: €19k▲ +405% vs 2020
2022: €20k▲ +6.4% vs 2021
2023: €47k▲ +136% vs 2022highest in 5 years
2024: €38k▼ -19.0% vs 2023
Net result€-3k-€14k€16k▲ 17.2%€29k▲ 82.7%€28k▼ 4.2%
2020: €-3klowest in 5 years
2021: €14k▲ +531% vs 2020
2022: €16k▲ +17.2% vs 2021
2023: €29k▲ +82.7% vs 2022highest in 5 years
2024: €28k▼ -4.2% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €255k
Fixed assets
€18k ▲ 36.6%
Current assets
€236k ▲ 15.8%
Equity and liabilities €255k
Equity
€191k ▲ 17.1%
Debt
€64k ▲ 16.9%
Debt's share of the balance-sheet total stays at 25.0%.
Key figures and ratios
EBITDA
€42k▼
2023 · €50k
Cash flow
€32k▼
2023 · €32k
Current ratio
3.72▼
2023 · 3.75
Debt to equity
0.33▼
2023 · 0.33
ROE
14.6%▼
2023 · 17.9%
ROA
11.0%▼
2023 · 13.4%
Interest coverage
14.74▼
2023 · 43.41
Debt ≤ 1 year
€64k▲
2023 · €54k
Income taxes
€9k▼
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€217k€255k▲
Fixed assets21/28€13k€18k▲
Tangible fixed assets22/27€6k€11k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€6k€8k▲
Financial fixed assets28€7k€7k=
Current assets29/58€204k€236k▲
Amounts receivable after more than one year29-€80k
Other amounts receivable291-€80k
Amounts receivable within one year40/41€168k€100k▼
Trade receivables40€75k€81k▲
Other amounts receivable41€93k€19k▼
Cash at bank and in hand54/58€26k€56k▲
Deferred charges and accrued income490/1€9k-
Equity and liabilities
Total equity and liabilities10/49€217k€255k▲
Equity10/15€163k€191k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€32k€32k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€30k€30k=
Profit (loss) carried forward14€125k€153k▲
Amounts payable17/49€54k€64k▲
Amounts payable within one year42/48€54k€64k▲
Trade debts44€31k€39k▲
Suppliers440/4€31k€39k▲
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€22k€24k▲
Other amounts payable47/48€2k-
Income statement
Code20232024
Turnover70€609k€789k▲
Goods, raw materials, services and sundry goods60/61€561k€747k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€52k€44k▼
Operating profit (loss)9901€47k€38k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€49k€37k▼
Income taxes67/77€20k€9k▼
Profit (loss) for the period9904€29k€28k▼
Profit (loss) for the period to be appropriated9905€29k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€125k€153k▲
Profit (loss) brought forward from the previous period14P€96k€125k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €331k | €430k | €331k | €609k | €789k | ▲ 29.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €416k | €315k | €561k | €747k | ▲ 33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €4k | €160 | €3k | €4k | ▲ 19.7% |
| Other operating charges640/8 | - | €807 | €580 | €2k | €2k | ▼ 5.4% |
| Gross operating margin9900 | €2k | €24k | €21k | €52k | €44k | ▼ 16.1% |
| Operating profit (loss)9901 | €-6k | €19k | €20k | €47k | €38k | ▼ 19.0% |
| Financial income75/76B | - | €4k | €4k | €4k | €2k | ▼ 46.0% |
| Recurring financial income75 | €5k | €4k | €4k | €4k | €2k | ▼ 46.0% |
| Financial charges65/66B | - | €711 | €729 | €1k | €3k | ▲ 146% |
| Recurring financial charges65 | €2k | €711 | €729 | €1k | €3k | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €-3k | €21k | €24k | €49k | €37k | ▼ 24.9% |
| Income taxes67/77 | €250 | €8k | €8k | €20k | €9k | ▼ 54.8% |
| Profit (loss) for the period9904 | €-3k | €14k | €16k | €29k | €28k | ▼ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €14k | €16k | €29k | €28k | ▼ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124k | €162k | €166k | €217k | €255k | ▲ 17.1% |
| Fixed assets21/28 | €10k | €5k | €16k | €13k | €18k | ▲ 36.6% |
| Tangible fixed assets22/27 | €4k | - | €9k | €6k | €11k | ▲ 80.2% |
| Plant, machinery and equipment23 | - | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | €9k | €6k | €8k | ▲ 32.6% |
| Financial fixed assets28 | €5k | €5k | €7k | €7k | €7k | = |
| Current assets29/58 | €114k | €157k | €150k | €204k | €236k | ▲ 15.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €80k | - |
| Other amounts receivable291 | - | - | - | - | €80k | - |
| Amounts receivable within one year40/41 | €91k | €111k | €130k | €168k | €100k | ▼ 40.4% |
| Trade receivables40 | - | €35k | €53k | €75k | €81k | ▲ 8.2% |
| Other amounts receivable41 | - | €76k | €78k | €93k | €19k | ▼ 79.6% |
| Cash at bank and in hand54/58 | €38 | €24k | €2k | €26k | €56k | ▲ 113% |
| Deferred charges and accrued income490/1 | - | €22k | €17k | €9k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124k | €162k | €166k | €217k | €255k | ▲ 17.1% |
| Equity10/15 | €104k | €118k | €134k | €163k | €191k | ▲ 17.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | €6k | €6k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €32k | €32k | €32k | €32k | €32k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €66k | €80k | €96k | €125k | €153k | ▲ 22.3% |
| Amounts payable17/49 | €19k | €44k | €32k | €54k | €64k | ▲ 16.9% |
| Amounts payable after more than one year17 | €7k | - | - | - | - | - |
| Amounts payable within one year42/48 | €12k | €44k | €32k | €54k | €64k | ▲ 16.9% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | - | - | - |
| Trade debts44 | €9k | €34k | €17k | €31k | €39k | ▲ 28.6% |
| Suppliers440/4 | - | €34k | €17k | €31k | €39k | ▲ 28.6% |
| Taxes, remuneration and social security45 | - | €8k | €15k | €22k | €24k | ▲ 9.5% |
| Taxes450/3 | - | €8k | €15k | €22k | €24k | ▲ 9.5% |
| Other amounts payable47/48 | - | - | - | €2k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €14k | €16k | €29k | €28k | ▼ 4.2% |
| + Depreciation and write-downs630 | €6k | €4k | €160 | €3k | €4k | ▲ 19.7% |
| Operating cash flow (approximation) | €3k | €18k | €16k | €32k | €32k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | €0 | €-9k | - |
| Change in cash | - | €24k | €-22k | €24k | €30k | ▲ 21.6% |
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
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €29k ▲82.7%
Operating result €47k, net result €29k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲21.8%
3 profitable years in a row build equity to €163k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2022
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 217 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 9.32
Current ratio from 3.95 to 9.32; short-term debt falls from €35k to €12k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 153 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Asse · 1 establishment unit since 2012
Ground area
339 m²
Building footprint
164 m²
Volume, LiDAR
1,227 m³
2 parcels, Brussels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
M.O. Construct
since 20122.216.500.478
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322D0103/00H002 | Flanders | 232 m² | 1 · 103 m² | 11.3 m · 3 fl. |
| 21463D0211/00C006 | Brussels | 106 m² | 1 · 61 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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JORIS DOCX
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PROJECTS & CONSTRUCT
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G.F.T. CONCEPT
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,893 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.