MA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MA CONSTRUCT is 2.6% (moderate). The 2024 annual accounts show equity of €22,709 and a net result of €22,114. Its solvency ranks better than 78% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+50
Solvency94▲+42
Growth78
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.27; short-term debt: 30.6% and cash: 0% of total assets), and 30.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
69.4%
Return on assets
67.6%
Age of the figures
21 mo
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 31-10-2025, 92 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, micro schema
Turnover
€70,173
EBIT margin
39.3%
Net result
€22,114
2023 · -€1,105
Working capital
€22,709▲ 3,717%
2023 · €595
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Turnover€70,173
Operating result-€1,095-€27,600
Net result-€1,105-€22,114
EBIT margin39.3%
Equity€595-€22,709▲ 3,717%
Total assets€2,175-€32,727▲ 1,405%
Debt€1,580-€10,017▲ 534%
Working capital€595-€22,709▲ 3,717%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €27,600 after a loss of €1,095 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €32,727
Equity
€22,709 ▲ 3,717%
Debt
€10,017 ▲ 534%
Debt's share of the balance-sheet total falls from 72.6% to 30.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.27
Debt to equity
0.44
ROE
97.4%
ROA
67.6%
Debt ≤ 1 year
€10,017▲
2023 · €1,580
Income taxes
€5,655
Staff costs
€67
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | - | €70,173 | - |
| Non-recurring operating income76A | - | €855 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €43,351 | - |
| Remuneration, social security and pensions62 | - | €67 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,157 | - | - |
| Other operating charges640/8 | €50 | €9 | ▼ 81.6% |
| Gross operating margin9900 | €112 | €27,676 | ▲ 24,673% |
| Operating profit (loss)9901 | -€1,095 | €27,600 | ▲ 2,620% |
| Financial income75/76B | - | €358 | - |
| Recurring financial income75 | - | €358 | - |
| Non-recurring financial income76B | - | €358 | - |
| Financial charges65/66B | €10 | €189 | ▲ 1,856% |
| Recurring financial charges65 | €10 | €189 | ▲ 1,856% |
| Profit (loss) for the period before taxes9903 | -€1,105 | €27,769 | ▲ 2,613% |
| Income taxes67/77 | - | €5,655 | - |
| Profit (loss) for the period9904 | -€1,105 | €22,114 | ▲ 2,101% |
| Profit (loss) for the period to be appropriated9905 | -€1,105 | €22,114 | ▲ 2,101% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,175 | €32,727 | ▲ 1,405% |
| Current assets29/58 | €2,175 | €32,727 | ▲ 1,405% |
| Amounts receivable within one year40/41 | €1,952 | €30,851 | ▲ 1,481% |
| Trade receivables40 | €148 | €2,653 | ▲ 1,695% |
| Other amounts receivable41 | €1,804 | €28,199 | ▲ 1,463% |
| Cash at bank and in hand54/58 | €223 | €5 | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | €1,870 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,175 | €32,727 | ▲ 1,405% |
| Equity10/15 | €595 | €22,709 | ▲ 3,717% |
| Contributions10/11 | €1,700 | €1,700 | = |
| Profit (loss) carried forward14 | -€1,105 | €21,009 | ▲ 2,001% |
| Amounts payable17/49 | €1,580 | €10,017 | ▲ 534% |
| Amounts payable within one year42/48 | €1,580 | €10,017 | ▲ 534% |
| Trade debts44 | €1,136 | €4,306 | ▲ 279% |
| Suppliers440/4 | €1,136 | €4,306 | ▲ 279% |
| Taxes, remuneration and social security45 | - | €5,711 | - |
| Taxes450/3 | - | €5,711 | - |
| Other amounts payable47/48 | €444 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,105 | €22,114 | ▲ 2,101% |
| + Depreciation and write-downs630 | €1,157 | - | - |
| Operating cash flow (approximation) | €52 | €22,114 | ▲ 42,395% |
| Change in cash | - | -€217 | - |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €22,114
Net result €22,114 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.27
Current ratio from 1.38 to 3.27.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wingene · 1 establishment unit since 2023
Ground area
1,463 m²
Building footprint
376 m²
Volume, LiDAR
15 m³
Parcel 37018D1871/00C000, Flanders · tallest building 4.6 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MA CONSTRUCT
since 20232.344.307.480
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D1871/00C000 | Flanders | 1,463 m² | 1 · 376 m² | 4.6 m |
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.
Similar companies · same sector, comparable size
COSTA MAZZAGLIA CONSTRUCTION
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KMT ENTREPRISES
BE 0767.531.306
Elsene · Eq €22,707
Afsluitingen Nuyts en Zoon
BE 0810.972.656
Pelt · Eq €22,719
NOVI PROJECTS
BE 0754.460.258
Maasmechelen · Eq €22,695
CC BOUW & RENOVATIE
BE 0896.827.851
Landen · Eq €22,693
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 11,853 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
Founded14-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43221Plumbing work
43320Joinery installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.