M.Y. Construct
ActiveM.Y. Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €8k. Its solvency ranks better than 61% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency82▼-6
Growth52
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.82 in 2023; short-term debt: 43.2% and cash: 46.2% of total assets), and 43.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.8%
Return on assets
13%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 22.4%
2023 · €29k
2023: €29k
2023 → 2024
Total assets
€63k▲ 36.0%
2023 · €46k
2023: €46k
2023 → 2024
Net result
€8k▼ 57.8%
2023 · €20k
2023: €20k
2023 → 2024
Working capital
€26k▲ 84.7%
2023 · €14k
2023: €14k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€29k-€36k▲ 22.4%
Operating result€28k-€13k▼ 54.4%
Net result€20k-€8k▼ 57.8%
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 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€10k▼ 35.0%
Current assets
€53k▲ 70.7%
Equity and liabilities €63k
Equity
€36k▲ 22.4%
Debt
€27k▲ 59.3%
The debt ratio rises from 36.9% to 43.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2023 · €29k
Cash flow
€14k▼
2023 · €20k
Solvency
56.8%▼
2023 · 63.1%
Current ratio
1.95▲
2023 · 1.82
Quick ratio
1.95▲
2023 · 1.82
Debt / equity
0.76▲
2023 · 0.58
ROE
23.0%▼
2023 · 66.6%
ROA
13.0%▼
2023 · 42.0%
Interest coverage
112.24▲
2023 · 47.81
Debt
€27k▲
2023 · €17k
Debt ≤ 1 year
€27k▲
2023 · €17k
Income taxes
€4k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€46k€63k▲
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Furniture and vehicles24€15k€10k▼
Current assets29/58€31k€53k▲
Amounts receivable within one year40/41€25k€24k▼
Trade receivables40€23k€24k▲
Other amounts receivable41€2k€42▼
Cash at bank and in hand54/58€7k€29k▲
Deferred charges and accrued income490/1-€253
Equity and liabilities
Total equity and liabilities10/49€46k€63k▲
Equity10/15€29k€36k▲
Contributions10/11€1k€1k=
Reserves13€28k€35k▲
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€28k€35k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€17k€27k▲
Amounts payable within one year42/48€17k€27k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€12k▲
Suppliers440/4€2k€12k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€8k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€760€5k▲
Other operating charges640/8€2k€8k▲
Gross operating margin9900€30k€26k▼
Operating profit (loss)9901€28k€13k▼
Financial income75/76B€0€20▲
Recurring financial income75€0€20▲
Financial charges65/66B€597€160▼
Recurring financial charges65€597€160▼
Profit (loss) for the period before taxes9903€27k€13k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€20k€8k▼
Profit (loss) for the period to be appropriated9905€20k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€8k▼
Transfer from equity791/2€0-
Transfer to equity691/2€20k€7k▼
To contributions691€20k-
To other reserves6921-€7k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
NBB filing
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, Laarne · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meirhoekstraat 449270 LaarneGround area
266 m²
Building footprint
90 m²
Volume, LiDAR
450 m³
Parcel 42010C0491/00C002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.Y. Construct
since 20172.264.856.265
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C0491/00C002 | Flanders | 266 m² | 1 · 90 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BF PROJECT
BE 1009.314.692
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PRODAX
BE 1000.457.901
Jette · Eq €36k
DS PRO Construct
BE 0767.921.680
Anderlues · Eq €36k
ALL BAT & DAK
BE 0541.372.341
Jette · Eq €36k
MLA CONSTRUCT
BE 0458.290.950
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Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 5,843 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2017
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.