Equity
€59,973 ▼ 52.6%
M&X CONSTRUCT paid out €84,755 in dividends. That is 468% of the 2025 profit.
M&X CONSTRUCT
Lifetime
17 annual accounts with figures on one time axispeak €98,205 (2018)
€80,351▲ 360%
lowest -€47,070 (2024)
€18,121▲ €65,192
peak €173,676 (2023)
€59,973▼ 52.6%
€132,520▲ 168%
peak 2.8 FTE (2019)
-not published
Board1 name since 2021
1 directorVERSCHAKELEN Marc
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €17,479 to €80,351Back to profit: €18,121Dividend €84,755Equity from €126,606 to €59,973Debts from €49,475 to €132,520Investments €4,410
Key points
from the 2025 annual accountsResult
€18,121 €18,121
Back in profit in 2025, after a loss of €47,070 in 2024.
Turnover
≈ €240,000 estimated
The micro format states no turnover.
Investments
€3,610 1.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.41 was 3.72 in 2024
Short-term debts rose from €44,675 to €127,720.
Filings
17 annual accounts since 2009
Six of the last ten came late. The 2019 accounts came latest: 67 days after the end of the period.
Checked score
91
Excellent
Financially stronger than 36% of micro companies in civil engineering (NACE 42)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%highest value
01-2025: 0.7%● unchanged vs 12-2024highest value
02-2025: 0.2%▼ -0.5 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.6 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Civil engineering (NACE 42)
lowers risk
Founded in 2009
Liquidity: current ratio 1.41, cash €45,691
Size: total assets €192,493
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 42, micro). It does better than 35% of them on solvency, 39% on liquidity, 58% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as M&X CONSTRUCT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of M&X CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for M&X 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.41 (3.72 in 2024), below the usual 1.5. Short-term debt is 66.4% and cash 23.7% of total assets. 68.8% of the assets are financed with debt and provisions.
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 days late
2023
30 days late
2022
3 days early
2021
3 days early
2020
31 days late
2019
67 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 22 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% 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 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Pelt
New registered office: Karel Pinxtenlaan 11 bus 3, 3900 Pelt · Previous registered office: Astridlaan 262, 3900 Pelt · Reappointment: VERSCHAKELEN Marc (director) · Gazette deed
Registered office moved to Overpelt
New registered office: Astridlaan 262, 3900 Overpelt · General meeting of 01-02-2018 · Gazette deed
Incorporation
published on 26-02-2009 · Gazette deed
First establishment
Karel Pinxtenlaan 11, Pelt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M&X CONSTRUCT Pelt | €192,493 | €80,351 | 31.2% | - |
| AVT Forages & Travaux Wavre | €129,927 | €105,858 | 13.7% | - |
| C.M.H.R. Consult Gembloux | €232,795 | €126,213 | 36.8% | - |
| Q-ENERGY Lokeren | €281,150 | €41,324 | 62.7% | - |
| AF Solutions Wavre | €142,242 | €47,329 | 26.1% | - |
| AZUUR TECHNICS Dessel | €446,802 | €94,704 | 56.0% | - |
| GR-ZWEMBADEN Lievegem | €137,034 | €31,895 | 48.6% | - |
These companies have the same main activity as M&X CONSTRUCT: civil engineering (NACE 42990). They are comparable in size and age: total assets between €130,000 and €447,000, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 13-02-2009Normal situation
- Activity
- Civil engineeringNACE 42990and 2 others
- Establishment unit
- 2.179.080.2543900 Pelt, since 13-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €192,493▲ 9.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on M&X CONSTRUCT
M&X CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €20,754 in 2009 to €80,351 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M&X CONSTRUCT
- What is the company number of M&X CONSTRUCT?
- The company number of M&X CONSTRUCT is 0809.876.061. The VAT number is the same number with BE in front: BE 0809.876.061.
- Where is M&X CONSTRUCT based?
- The registered office is at Karel Pinxtenlaan 11, 3900 Pelt.Company details
- What does M&X CONSTRUCT do?
- According to the KBO register, the main activity is civil engineering (NACE 42990).
- What is the legal form of M&X CONSTRUCT?
- M&X CONSTRUCT is a private limited company (BV).
- When was M&X CONSTRUCT founded?
- M&X CONSTRUCT was founded on 13-02-2009.
- Is M&X CONSTRUCT still active?
- Yes, M&X CONSTRUCT is an active enterprise in the KBO register.
- How many employees does M&X CONSTRUCT have?
- M&X CONSTRUCT had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of M&X CONSTRUCT?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €80,351 and 2,667 comparable companies of the same size. It probably lies between €160,000 and €420,000. It is a rough estimate.
- Is M&X CONSTRUCT profitable?
- In financial year 2025, M&X CONSTRUCT made a profit of €18,121.
- Where can I find the annual accounts of M&X CONSTRUCT?
- M&X CONSTRUCT filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M&X CONSTRUCT due?
- M&X CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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