M & S CONSTRUCT
ActiveSummary
M & S CONSTRUCT has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,215 and a net result of €20,606. Equity has been growing by about 41% per year since 2018. Its solvency ranks better than 43% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-11-2001 Normal situation
- Activity
- Plastering work NACE 43310
- Establishment unit
- 2.094.762.510 1457 Walhain, since 25-06-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €35,384
- ▲ 375%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €20,606
- Equity
- €60,215
- ▲ 52.0%
- Total assets
- €155,963
- ▲ 149%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises risk1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 5.68, cash €49,530Founded in 2001Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
64-24
equity 38.6% of total assets
Liquidity
85+31
short-term debt 17.1% · cash 31.8%
Profitability
85+24
return on assets 13.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.2 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 1.2%▲ +0.5 percentage points vs 11-2025
01-2026: 2.5%▲ +1.3 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.6%▲ +0.1 percentage points vs 02-2026highest value
04-2026: 2.1%▼ -0.5 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 0.2%▼ -1.8 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.68 (2.36 in 2024), above the usual 1.5. Short-term debt is 17.1% and cash 31.8% of total assets. However, 61.4% of the assets are financed with debt and provisions.
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 43, micro). It does better than 41% of them on solvency, 83% on liquidity, 69% on profitability and 84% on growth.
The bankruptcy probability was computed on 01-11-2026 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
232 days late
2023
27 days late
2022
31 days late
2021
30 days late
2020
30 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 57 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 24 filings
Turnover
≈ €170,000
Estimated: probably between €120,000 and €260,000
Total assets
€155,963▲ 149%
2024 · €62,711
Net result
€20,606
2024 · -€4,005
Working capital
€124,467▲ 296%
2024 · €31,393
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €27,063, after a loss of €1,897 in 2024.
Operating result€27,063
2025
Net result€20,606
2025
Total assets€155,963
2025
Equity€60,215
2025
Debt€95,748
2025
Working capital€124,467
2025
Return on assets (ROA)13.2%
2025
Solvency38.6%
2025
Current ratio5.68
2025
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.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,460-€8,184▲ 9.7%€35,296▲ 331%€3,070▼ 91.3%€3,141▲ 2.3%€37,350▲ 12×-€1,897€27,063
Net result€7,153-€8,191▲ 14.5%€35,142above the sector's middle half▲ 329%€503below the sector's middle half▼ 98.6%€1,655within the sector's middle half▲ 229%€26,646within the sector's middle half▲ 16×-€4,005below the sector's middle half€20,606within the sector's middle half
Equity-€28,523--€9,333▲ 67.3%€25,809within the sector's middle half€26,312within the sector's middle half▲ 1.9%€16,967below the sector's middle half▼ 35.5%€43,614within the sector's middle half▲ 157%€39,609within the sector's middle half▼ 9.2%€60,215below the sector's middle half▲ 52.0%
Total assets€20,353-€44,172▲ 117%€78,263within the sector's middle half▲ 77.2%€86,786within the sector's middle half▲ 10.9%€75,165within the sector's middle half▼ 13.4%€102,791within the sector's middle half▲ 36.8%€62,711below the sector's middle half▼ 39.0%€155,963below the sector's middle half▲ 149%
Debt€48,877-€53,505▲ 9.5%€52,454▼ 2.0%€60,474▲ 15.3%€58,197▼ 3.8%€59,178▲ 1.7%€23,102▼ 61.0%€95,748▲ 314%
Working capital-€29,004-€10,954€50,364within the sector's middle half▲ 360%€52,184within the sector's middle half▲ 3.6%€49,047within the sector's middle half▼ 6.0%€66,858within the sector's middle half▲ 36.3%€31,393within the sector's middle half▼ 53.0%€124,467within the sector's middle half▲ 296%
Solvency-140.1%--21.1%▲ 119.0pp33.0%within the sector's middle half▲ 54.1pp30.3%within the sector's middle half▼ 2.7pp22.6%within the sector's middle half▼ 7.7pp42.4%within the sector's middle half▲ 19.9pp63.2%within the sector's middle half▲ 20.7pp38.6%within the sector's middle half▼ 24.6pp
Current ratio0.41-1.83▲ 1.425.04above the sector's middle half▲ 3.223.55above the sector's middle half▼ 1.503.70above the sector's middle half▲ 0.154.49above the sector's middle half▲ 0.792.36within the sector's middle half▼ 2.135.68above the sector's middle half▲ 3.32
Return on assets (ROA)35.1%-18.5%▼ 16.6pp44.9%above the sector's middle half▲ 26.4pp0.6%below the sector's middle half▼ 44.3pp2.2%within the sector's middle half▲ 1.6pp25.9%above the sector's middle half▲ 23.7pp-6.4%below the sector's middle half▼ 32.3pp13.2%above the sector's middle half▲ 19.6pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,963
Fixed assets
€4,899 ▼ 40.4%
Current assets
€151,064 ▲ 177%
Equity and liabilities €155,963
Equity
€60,215 ▲ 52.0%
Debt
€95,748 ▲ 314%
Debt's share of the balance-sheet total rises from 36.8% to 61.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,506▲
2024 · €6,645
Cash flow
€27,049▲
2024 · €4,537
Quick ratio
5.45▲
2024 · 2.09
Debt to equity
1.59▲
2024 · 0.58
ROE
34.2%▲
2024 · -10.1%
Interest coverage
98.24▲
2024 · 47.05
Debt ≤ 1 year
€26,597▲
2024 · €23,102
Income taxes
€6,116▲
2024 · €2,167
Staff costs
€1,503
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,807 | €7,461 | €16,065 | - | €3,250 |
| Depreciation and write-downs of the year | €5,123 | €2,667 | €7,229 | €8,542 | €6,443 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €1,503 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €420 | €4,500 | €4,500 | €5,123 | €2,667 | €7,229 | €8,542 | €6,443 | ▼ 24.6% |
| Other operating charges640/8 | - | - | - | €647 | €691 | €764 | €808 | €375 | ▼ 53.6% |
| Gross operating margin9900 | €8,471 | €13,278 | €40,392 | €8,841 | €6,500 | €45,344 | €7,453 | €35,384 | ▲ 375% |
| Operating profit (loss)9901 | €7,460 | €8,184 | €35,296 | €3,070 | €3,141 | €37,350 | -€1,897 | €27,063 | - |
| Financial income75/76B | - | - | - | €1 | €1 | €0 | €200 | - | - |
| Recurring financial income75 | - | €133 | €0 | €1 | €1 | €0 | €200 | - | - |
| Financial charges65/66B | - | - | - | €75 | €171 | €92 | €141 | €341 | ▲ 141% |
| Recurring financial charges65 | €271 | €126 | €155 | €75 | €171 | €92 | €141 | €341 | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €7,153 | €8,191 | €35,142 | €2,996 | €2,971 | €37,259 | -€1,838 | €26,722 | - |
| Income taxes67/77 | - | - | - | €2,493 | €1,316 | €10,612 | €2,167 | €6,116 | ▲ 182% |
| Profit (loss) for the period9904 | €7,153 | €8,191 | €35,142 | €503 | €1,655 | €26,646 | -€4,005 | €20,606 | - |
| Profit (loss) for the period to be appropriated9905 | €7,153 | €8,191 | €35,142 | €503 | €1,655 | €26,646 | -€4,005 | €20,606 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20,353 | €44,172 | €78,263 | €86,786 | €75,165 | €102,791 | €62,711 | €155,963 | ▲ 149% |
| Fixed assets21/28 | €481 | €19,945 | €15,445 | €14,128 | €7,922 | €16,757 | €8,215 | €4,899 | ▼ 40.4% |
| Tangible fixed assets22/27 | €357 | €19,821 | €15,321 | €14,004 | €7,798 | €16,634 | €8,092 | €4,899 | ▼ 39.5% |
| Plant, machinery and equipment23 | - | - | - | €2,800 | €2,100 | €1,400 | €700 | €58 | ▼ 91.7% |
| Furniture and vehicles24 | - | - | - | €11,204 | €5,698 | €15,234 | €7,392 | €4,840 | ▼ 34.5% |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | - | - |
| Current assets29/58 | €19,872 | €24,227 | €62,818 | €72,657 | €67,243 | €86,034 | €54,496 | €151,064 | ▲ 177% |
| Stocks and contracts in progress3 | €1,269 | €4,201 | €4,201 | €6,201 | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Stocks30/36 | - | - | - | €6,201 | €6,201 | €6,201 | €6,201 | €6,201 | = |
| Amounts receivable within one year40/41 | €14,684 | €16,666 | €25,863 | €52,317 | €44,625 | €58,913 | €37,393 | €95,085 | ▲ 154% |
| Trade receivables40 | - | - | - | €50,650 | €44,595 | €49,763 | €20,320 | €66,650 | ▲ 228% |
| Other amounts receivable41 | - | - | - | €1,667 | €30 | €9,150 | €17,074 | €28,434 | ▲ 66.5% |
| Cash at bank and in hand54/58 | €3,920 | €2,756 | €32,314 | €13,694 | €16,416 | €20,351 | €10,652 | €49,530 | ▲ 365% |
| Deferred charges and accrued income490/1 | - | - | - | €445 | - | €568 | €249 | €249 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20,353 | €44,172 | €78,263 | €86,786 | €75,165 | €102,791 | €62,711 | €155,963 | ▲ 149% |
| Equity10/15 | -€28,523 | -€9,333 | €25,809 | €26,312 | €16,967 | €43,614 | €39,609 | €60,215 | ▲ 52.0% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | - | - | - | €19,000 | €19,000 | €19,000 | €19,000 | - | - |
| Issued capital100 | - | - | - | €19,000 | €19,000 | €19,000 | €19,000 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | - | €19,000 | - |
| Share premium1100/10 | - | - | - | - | - | - | - | €19,000 | - |
| Revaluation surpluses12 | - | - | - | €11,000 | - | - | - | - | - |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1,900 | - |
| Profit (loss) carried forward14 | -€49,423 | -€41,233 | -€6,091 | -€5,588 | -€3,933 | €22,714 | €18,709 | €39,315 | ▲ 110% |
| Amounts payable17/49 | €48,877 | €53,505 | €52,454 | €60,474 | €58,197 | €59,178 | €23,102 | €95,748 | ▲ 314% |
| Amounts payable after more than one year17 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | - | - | - |
| Financial debts170/4 | - | - | - | €40,000 | €40,000 | €40,000 | - | - | - |
| Amounts payable within one year42/48 | €48,877 | €13,273 | €12,454 | €20,474 | €18,195 | €19,176 | €23,102 | €26,597 | ▲ 15.1% |
| Financial debts43 | - | - | - | €67 | - | - | €11,000 | €11,000 | = |
| Credit institutions430/8 | - | - | - | €67 | - | - | €11,000 | €11,000 | = |
| Trade debts44 | €6,771 | €11,223 | €2,688 | €14,108 | €9,985 | €5,266 | €6,581 | €5,337 | ▼ 18.9% |
| Suppliers440/4 | - | - | - | €14,108 | €9,985 | €5,266 | €6,581 | €5,337 | ▼ 18.9% |
| Taxes, remuneration and social security45 | - | - | - | €6,299 | €7,548 | €13,910 | €5,521 | €10,261 | ▲ 85.8% |
| Taxes450/3 | - | - | - | €6,299 | €7,548 | €13,910 | €5,521 | €9,810 | ▲ 77.7% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €450 | - |
| Other amounts payable47/48 | - | - | - | - | €663 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2 | €2 | - | €69,150 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,153 | €8,191 | €35,142 | €503 | €1,655 | €26,646 | -€4,005 | €20,606 | - |
| + Depreciation and write-downs630 | €420 | €4,500 | €4,500 | €5,123 | €2,667 | €7,229 | €8,542 | €6,443 | ▼ 24.6% |
| Operating cash flow (approximation) | €7,573 | €12,691 | €39,642 | €5,626 | €4,323 | €33,876 | €4,537 | €27,049 | ▲ 496% |
| Investment in fixed assets (approximation) | - | -€23,964 | €0 | -€3,807 | €3,539 | -€16,065 | €0 | -€3,126 | - |
| Change in cash | - | -€1,164 | €29,558 | -€18,620 | €2,722 | €3,935 | -€9,699 | €38,877 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as M & S CONSTRUCT has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
was still going
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M & S CONSTRUCT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for M & S 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00317686 | |
| 31-12-2024 | micro format | 20-03-2026 | 2026-00057993 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00449165 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00440935 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20379792 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57800026 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-59400380 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-62900214 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62200040 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-59700351 |
Board & ownership
Directors
Directors
1 director, last change in 2026
Antoine PIESSEVAUX
Current
Director (not named in the articles) · appointed in the act of 20-08-2026 · earlier sole manager, until 20-08-2026 · term without a fixed end · listed in the 2025 annual accounts, filed on 22-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 20-08-2026Owners and capital
Capital transactions
Capital over time
- 20-08-2026 Converted to unavailable equity · €20,900
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Antoine PIESSEVAUX |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Rémunération des administrateurs, statuant à la majorité absolue des voix ou actionnaire unique”
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Libérées à leur émission, En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la…”
Audit, dissolution and liquidation
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Trois ans, contrôle de la société”
Articles of association, deed of 20-08-2026 (in French)
Network & group
M & S CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of M & S CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
20-08
Gazette deed
Change of role: Antoine PIESSEVAUX, from sole manager to directorLegal-form conversion · Capital conversion · Reserve release12 points ▸
Gazette deed
Change of role: Antoine PIESSEVAUX, from sole manager to director
Legal-form conversion · Capital conversion · Reserve release12 points ▸
- General meeting, 18-08-2026
- Legal-form conversion, “Société à responsabilité limitée” (deed in French)
- Other provision, “dispense de lecture du rapport, article 5:101 du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, apports non appelés” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, Antoine PIESSEVAUX (sole manager)
- Director discharge, Antoine PIESSEVAUX
- Board rule, 1
- Director appointment, Antoine PIESSEVAUX (director (not named in the articles))
- Registered office clause, “(1457) Walhain-Saint-Paul, Place Saint Vincent 7” (deed in French)
22-07
abbreviated format · 9 days before the deadline
20-03
micro format · 232 days late
2025
31-12
Financial
Back to profitnet €20,606
The net result is €20,606, after one loss-making year.
31-12
Financial
Liquidity more than doubledcurrent ratio 5.68
The current ratio rises from 2.36 to 5.68.
2024
31-12
Financial
Weakest financial yearnet -€4,005
The net result drops to -€4,005, the lowest from 2018 to 2025. It recovers the following year.
27-08
micro format · 27 days late
2023
31-08
micro format · 31 days late
2022
30-08
micro format · 30 days late
2021
30-08
micro format · 30 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €35,142 ▲329%
The net result of €35,142 is the highest of those years.
31-12
Financial
Liquidity more than doubledcurrent ratio 5.04
The current ratio rises from 1.83 to 5.04. Short-term debt falls from €13,273 to €12,454.
Show earlier events
30-09
micro format · 61 days late
2019
31-12
Financial
Liquidity more than quadruplescurrent ratio 1.83
The current ratio rises from 0.41 to 1.83. Short-term debt falls from €48,877 to €13,273.
29-08
micro format · 29 days late
2018
31-08
micro format · 31 days late
2017
31-08
full format · 31 days late
2001
04-12
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
M & S CONSTRUCT in French
Enterprise number
0476.164.585
Legal form
Private limited company
Status
Active, normale toestand
Founded
27-11-2001
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-08-2026 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, par simple décision de l’organe d’administration en tout endroit de la Région wallonne ou de la région de langue française…”
deed of 20-08-2026 (in French)Registered office and establishments
Registered office
Place Saint-Vincent(NSV) 7, 1457 Walhain, Belgium
Establishment unit
M & S CONSTRUCT SPRL, Place Saint-Vincent(NSV) 7, 1457 Walhain since 25-06-2002 · unit number 2.094.762.5104332001 Joinery installation
Activities
NACEBEL 202543310
Plastering work main activity
Codes under NACEBEL 2008
43310
Plastering work main activity
Codes under NACEBEL 2003
45410
main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 20-08-2026 (in French)
“1. Toutes activités (acquisition, livraison, importation et exportation, fabrication, vente en gros ou au détail tant aux professionnels…”
17 activities
- 1. Toutes activités (acquisition, livraison, importation et exportation, fabrication, vente en gros ou au détail tant aux professionnels qu’aux particuliers, placement, pose en sous-traitance) liées à l'entreprise de menuiserie-charpenterie générale et d’ébénisterie (intérieure et extérieure), notamment la production de pièces en fer forgé, le placement de ferronnerie, de châssis, portes, portes de garage et volets (électrique ou non), escaliers, la menuiserie en bois, métallique et plastique (PVC, aluminium, etc), placement de serrurerie et de quincaillerie du bâtiment, placement de plinthes et portes en matières plastiques et métalliques, la fabrication et le placement de vérandas en tous matériaux, de portes et d’escaliers en toutes matières, auprès de tout public.
- L’entreprise de transformation de charpentes métalliques ; l’entreprise de montage et de démontage de toutes pièces d’industries.
- Tous travaux d’ébénisterie et de restauration de tous biens meubles.
- Toutes activité de vitrier.
- Le conseil, la restauration, la rénovation, l’achat, la vente de tous biens de collection.
- Le commerce de détail et/ou de gros de tous produits d'entretien desdits articles ainsi que le service d'intermédiaire pour la réparation de ces articles.
- Le recouvrement de murs et plafonds, de pignons et de façades, notamment par application d'éléments métalliques, plafonnage ; tous travaux d'étanchéité, les travaux d'étanchéité des toits et des toitures-terrasses, bardages chenaux, corniches et descentes d'eau et des constructions ou de bâtiments industriels en tous matériaux ainsi que leur entretien et de leur renouvellement, notamment par asphaltage et bitumage, pose de marbrerie et de pierre de taille.
- L’entreprise de placement de cloisons et faux plafonds en bois et en gyproc et éléments de plâtre.
- La pose de parquets et autres revêtements de sols en bois, moquettes et revêtements de sols en linoléum, y compris en caoutchouc ou en matières plastiques, chapes et pavements en tous matériaux, pour bâtiments industriels et privés, ainsi que tout ce qui s'y rapporte.
- L’activité de tapissier-poseur de revêtements des murs et du sol, et celle d’entrepreneur de peinture.
- La société a pour objet toutes entreprises de travaux de peinture, tant publiques qu'industrielles ou privées (et notamment la peinture d’ossatures métalliques), ainsi que l'achat et la vente de tous produits généralement quelconques employés dans les travaux de peinture.
- L'entreprise de construction et de pose de toitures, y compris zinguerie et construction de charpentes.
- L’entreprise de couvertures et d’ossatures métalliques et non métalliques de construction, menuiserie et charpente, de transformation de charpentes métalliques, de recouvrement de bâtiments industriels en tous matériaux ainsi que leur entretien et de leur renouvellement se rapportant aux toitures, bardages chenaux, corniches et descentes d'eau, les travaux de zinguerie.
- L’entreprise de nettoyage et de démoussage de toitures et corniches, la peinture et la rénovation de celles-ci.
- L’achat et la vente de tout produit ou matériel aux activités susvisées.
- La consultance au sens large de tous les points ci-dessus décrit.
- 2. La société a également pour objet, tant en Belgique qu’à l’étranger, exclusivement pour son compte propre, le développement, la gestion productive et la valorisation, au sens le plus large, de son patrimoine comprenant tant des biens et droits immobiliers que mobiliers. Dans le cadre de cette gestion et de cette valorisation, la société peut acquérir, aliéner, donner et prendre en location tous biens et droits mobiliers ou immobiliers ainsi que constituer tous droits, faire tout emprunt et accorder tout crédit, hypothécaire ou non, accomplir tout acte et de disposition ou d’administration, cette énumération n’étant pas limitative.
Invoicing and payment
VAT number
BE 0476.164.585
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 0476.164.585
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of April at 18:00
deed of 20-08-2026 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
716 m²
Building footprint
108 m²
Building volume
708 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25071C0764/00L000 | Wallonia | 716 m² | 1 · 108 m² | 9.2 m · 2 |