M&X CONSTRUCT
ActiveSummary
M&X CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €18k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+81
Solvency56▼-41
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 3.72 in 2024; short-term debt: 66.4% and cash: 23.7% of total assets), and 68.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% 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
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
31.2%
Return on assets
9.4%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
30 d late
2022
3 d early
2021
3 d early
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€60k▼ 52.6%
2024 · €127k
2018: €163k
2019: €164k▲ +0.6% vs 2018
2020: €145k▼ -11.6% vs 2019
2021: €149k▲ +3.1% vs 2020
2022: €158k▲ +6.1% vs 2021
2023: €174k▲ +9.7% vs 2022highest in 8 years
2024: €127k▼ -27.1% vs 2023
2025: €60k▼ -52.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€192k▲ 9.3%
2024 · €176k
2018: €211k
2019: €199k▼ -5.9% vs 2018
2020: €189k▼ -4.6% vs 2019
2021: €207k▲ +9.0% vs 2020
2022: €187k▼ -9.6% vs 2021
2023: €219k▲ +17.1% vs 2022highest in 8 years
2024: €176k▼ -19.5% vs 2023lowest in 8 years
2025: €192k▲ +9.3% vs 2024
2018 → 2025
Net result
€18k
2024 · €-47k
2018: €23k
2019: €13k▼ -42.2% vs 2018
2020: €-19k▼ -242% vs 2019
2021: €25k▲ +231% vs 2020highest in 8 years
2022: €9k▼ -63.6% vs 2021
2023: €15k▲ +69.1% vs 2022
2024: €-47k▼ -407% vs 2023lowest in 8 years
2025: €18k▲ +138% vs 2024
2018 → 2025
Working capital
€53k▼ 56.6%
2024 · €122k
2018: €158k
2019: €148k▼ -6.3% vs 2018
2020: €138k▼ -6.4% vs 2019
2021: €142k▲ +2.9% vs 2020
2022: €147k▲ +3.0% vs 2021
2023: €165k▲ +12.4% vs 2022highest in 8 years
2024: €122k▼ -26.3% vs 2023
2025: €53k▼ -56.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€158k▲ 6.1%€174k▲ 9.7%€127k▼ 27.1%€60k▼ 52.6%
2021: €149k
2022: €158k▲ +6.1% vs 2021
2023: €174k▲ +9.7% vs 2022highest in 5 years
2024: €127k▼ -27.1% vs 2023
2025: €60k▼ -52.6% vs 2024lowest in 5 years
Operating result€28k-€12k▼ 57.0%€20k▲ 65.4%€-50k€19k
2021: €28khighest in 5 years
2022: €12k▼ -57.0% vs 2021
2023: €20k▲ +65.4% vs 2022
2024: €-50k▼ -347% vs 2023lowest in 5 years
2025: €19k▲ +138% vs 2024
Net result€25k-€9k▼ 63.6%€15k▲ 69.1%€-47k€18k
2021: €25khighest in 5 years
2022: €9k▼ -63.6% vs 2021
2023: €15k▲ +69.1% vs 2022
2024: €-47k▼ -407% vs 2023lowest in 5 years
2025: €18k▲ +138% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €50k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€12k ▲ 21.4%
Current assets
€180k ▲ 8.6%
Equity and liabilities €192k
Equity
€60k ▼ 52.6%
Debt
€133k ▲ 168%
Debt's share of the balance-sheet total rises from 28.1% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21k▲
2024 · €-46k
Cash flow
€20k▲
2024 · €-43k
Current ratio
1.41▼
2024 · 3.72
Debt to equity
2.21▲
2024 · 0.39
ROE
30.2%▲
2024 · -37.2%
ROA
9.4%▲
2024 · -26.7%
Interest coverage
36.64▲
2024 · -172.29
Debt ≤ 1 year
€128k▲
2024 · €45k
Income taxes
€3k▲
2024 · €140
Staff costs
€38k▼
2024 · €62k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€192k▲
Fixed assets21/28€10k€12k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€2k€401▼
Financial fixed assets28€6k€7k▲
Current assets29/58€166k€180k▲
Amounts receivable after more than one year29€72k€59k▼
Other amounts receivable291€72k€59k▼
Amounts receivable within one year40/41€83k€73k▼
Trade receivables40€64k€46k▼
Other amounts receivable41€18k€27k▲
Cash at bank and in hand54/58€9k€46k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€176k€192k▲
Equity10/15€127k€60k▼
Contributions10/11€12k€12k=
Reserves13€114k€48k▼
Distributable reserves133€114k€48k▼
Amounts payable17/49€49k€133k▲
Amounts payable within one year42/48€45k€128k▲
Trade debts44€39k€34k▼
Suppliers440/4€39k€34k▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€272€3k▲
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48-€85k
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Non-recurring operating income76A-€604
Remuneration, social security and pensions62€62k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€20k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€17k€80k▲
Operating profit (loss)9901€-50k€19k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€269€576▲
Recurring financial charges65€269€576▲
Profit (loss) for the period before taxes9903€-47k€21k▲
Income taxes67/77€140€3k▲
Profit (loss) for the period9904€-47k€18k▲
Profit (loss) for the period to be appropriated9905€-47k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€18k▲
Transfer from equity791/2€47k€85k▲
Transfer to equity691/2-€18k
To other reserves6921-€18k
Profit to be distributed694/7-€85k
Return on contributions (dividend)694-€85k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | €320 | - | - | €604 | - |
| Remuneration, social security and pensions62 | €9k | €35k | €43k | €62k | €38k | ▼ 38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €5k | €4k | €2k | ▼ 36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €20k | - |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | €1k | ▼ 34.4% |
| Non-recurring operating charges66A | - | €165 | €419 | - | - | - |
| Gross operating margin9900 | €42k | €53k | €70k | €17k | €80k | ▲ 360% |
| Operating profit (loss)9901 | €28k | €12k | €20k | €-50k | €19k | ▲ 138% |
| Financial income75/76B | €4k | €3k | €3k | €3k | €3k | ▼ 5.3% |
| Recurring financial income75 | €4k | €3k | €3k | €3k | €3k | ▼ 5.3% |
| Financial charges65/66B | €3k | €3k | €2k | €269 | €576 | ▲ 114% |
| Recurring financial charges65 | €3k | €3k | €2k | €269 | €576 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €30k | €13k | €22k | €-47k | €21k | ▲ 146% |
| Income taxes67/77 | €5k | €4k | €7k | €140 | €3k | ▲ 2,223% |
| Profit (loss) for the period9904 | €25k | €9k | €15k | €-47k | €18k | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €25k | €9k | €15k | €-47k | €18k | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €187k | €219k | €176k | €192k | ▲ 9.3% |
| Fixed assets21/28 | €12k | €16k | €14k | €10k | €12k | ▲ 21.4% |
| Intangible fixed assets21 | - | - | - | - | €2k | - |
| Tangible fixed assets22/27 | €6k | €10k | €7k | €4k | €3k | ▼ 26.8% |
| Plant, machinery and equipment23 | €5k | €3k | €3k | €2k | €2k | ▲ 6.3% |
| Furniture and vehicles24 | €810 | €7k | €4k | €2k | €401 | ▼ 73.4% |
| Other tangible fixed assets26 | €639 | €319 | - | - | - | - |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €7k | ▲ 12.8% |
| Current assets29/58 | €194k | €170k | €205k | €166k | €180k | ▲ 8.6% |
| Amounts receivable after more than one year29 | €108k | €96k | €84k | €72k | €59k | ▼ 17.7% |
| Other amounts receivable291 | €108k | €96k | €84k | €72k | €59k | ▼ 17.7% |
| Amounts receivable within one year40/41 | €68k | €51k | €115k | €83k | €73k | ▼ 11.3% |
| Trade receivables40 | €67k | €50k | €105k | €64k | €46k | ▼ 28.6% |
| Other amounts receivable41 | €1k | €1k | €10k | €18k | €27k | ▲ 49.8% |
| Cash at bank and in hand54/58 | €10k | €19k | €4k | €9k | €46k | ▲ 393% |
| Deferred charges and accrued income490/1 | €8k | €4k | €2k | €2k | €2k | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €187k | €219k | €176k | €192k | ▲ 9.3% |
| Equity10/15 | €149k | €158k | €174k | €127k | €60k | ▼ 52.6% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €137k | €146k | €161k | €114k | €48k | ▼ 58.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €135k | €144k | €161k | €114k | €48k | ▼ 58.3% |
| Amounts payable17/49 | €57k | €28k | €45k | €49k | €133k | ▲ 168% |
| Amounts payable within one year42/48 | €52k | €24k | €40k | €45k | €128k | ▲ 186% |
| Trade debts44 | €27k | €8k | €28k | €39k | €34k | ▼ 13.3% |
| Suppliers440/4 | €27k | €8k | €28k | €39k | €34k | ▼ 13.3% |
| Taxes, remuneration and social security45 | €9k | €13k | €12k | €6k | €9k | ▲ 63.7% |
| Taxes450/3 | €8k | €9k | €8k | €272 | €3k | ▲ 1,067% |
| Remuneration and social security454/9 | €832 | €4k | €4k | €5k | €6k | ▲ 11.6% |
| Other amounts payable47/48 | €16k | €3k | - | - | €85k | - |
| Accrued charges and deferred income492/3 | €6k | €5k | €5k | €5k | €5k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €9k | €15k | €-47k | €18k | ▲ 138% |
| + Depreciation and write-downs630 | €3k | €4k | €5k | €4k | €2k | ▼ 36.6% |
| Operating cash flow (approximation) | €28k | €13k | €20k | €-43k | €20k | ▲ 147% |
| Investment in fixed assets (approximation) | - | €-8k | €-2k | €0 | €-4k | - |
| Change in cash | - | €9k | €-15k | €5k | €36k | ▲ 582% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €158k ▲6.1%
2 profitable years in a row build equity to €158k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Pelt · 1 establishment unit since 2009
Ground area
4,469 m²
Building footprint
2,662 m²
Parcel 72502E0102/00S127, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
M&X Construct
since 20092.179.080.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00S127 | Flanders | 4,469 m² | 1 · 2,662 m² | - |
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.
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Of 392 companies in sector 42990 we hold annual accounts for 182. 136 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
Founded13-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
43320Joinery installation
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.