Starting capital
€1,700 100 shares
MA CONSTRUCT
Lifetime
2 annual accounts with figures on one time axispeak €27,676 (2024)
€27,676▲ 248×
lowest -€1,105 (2023)
€22,114▲ €23,219
peak €22,709 (2024)
€22,709▲ 38×
€10,017▲ 534%
Board1 name since 2023
1 directorMIRCEA Dimutru
Documentsfilings and deeds
31-10-202592 days late
2024micro format
Gross margin from €112 to €27,676Back to profit: €22,114Equity from €595 to €22,709Debts from €1,580 to €10,017Cash from €223 to €5
Key points
from the 2024 annual accounts2025 accounts not filed, 102 days past the deadline
Checked score
37
Weak
Financially stronger than 75% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.0%▼ -0.1 percentage points vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025lowest value
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 3.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.2%▲ +0.1 percentage points vs 04-2025
06-2025: 3.2%● unchanged vs 05-2025
07-2025: 3.5%▲ +0.3 percentage points vs 06-2025
08-2025: 4.2%▲ +0.7 percentage points vs 07-2025
09-2025: 4.2%● unchanged vs 08-2025
10-2025: 5.0%▲ +0.8 percentage points vs 09-2025
11-2025: 6.5%▲ +1.5 percentage points vs 10-2025
12-2025: 6.5%● unchanged vs 11-2025
01-2026: 6.6%▲ +0.1 percentage points vs 12-2025
02-2026: 6.6%● unchanged vs 01-2026
03-2026: 6.7%▲ +0.1 percentage points vs 02-2026
04-2026: 6.8%▲ +0.1 percentage points vs 03-2026
05-2026: 6.8%● unchanged vs 04-2026
06-2026: 6.8%● unchanged vs 05-2026
07-2026: 6.7%▼ -0.1 percentage points vs 06-2026
08-2026: 6.7%● unchanged vs 07-2026
09-2026: 6.9%▲ +0.2 percentage points vs 08-2026
10-2026: 7.9%▲ +1.0 percentage point vs 09-2026highest value
11-2026: 7.9%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 1 of the last 3 accounts late
Founded in 2023
Liquidity: current ratio 3.27, cash €5, halved
Size: turnover €70,173, total assets €32,727
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 41, micro). It does better than 79% of them on solvency, 33% on liquidity, 91% on profitability and 99% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 39,278 companies had the same profile as MA CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MA CONSTRUCT itself is higher: 7.9% within 12 months. It rests on far more data about MA CONSTRUCT than the profile alone.
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 39,278 companies, not a prediction for MA 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 €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 3.27, above the usual 1.5. Short-term debt is 30.6% and cash 0% of total assets. 30.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 92 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
92 days late
2023
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 25 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800749549
Incorporation
Founding capital of €1,700, 100 shares · Founder: DUMITRU Mircea · Appointment: MIRCEA Dimutru (director) · published on 18-04-2023 · Gazette deed
First establishment
Zandbergstraat 36, Wingene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MA CONSTRUCT Wingene | €70,173 | 39.3% | 69.4% | - |
| MULLER CONSTRUCTION Bertrix | - | - | 67.4% | - |
| BENJI CONSTRUCT Brussels | - | - | 54.3% | - |
| LJN CONSTRUCT Vilvoorde | - | - | 68.5% | - |
| DS Consulting Antwerp | - | - | 14.9% | - |
| JRY PROJECT Dilsen-Stokkem | €465,282 | 3.8% | 75.4% | - |
| EMV Construct Kraainem | €62,215 | 8.3% | 11.1% | - |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €32,700 and €34,400, founded in 2023.
Official details
Source: KBO- Status
- Active since 14-04-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.344.307.4808750 Wingene, since 14-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-01-2026
Insights on MA CONSTRUCT
The computed 12-month bankruptcy probability of MA CONSTRUCT is 7.9% (elevated). The 2024 annual accounts show equity of €22,709 and a net result of €22,114.
Its solvency ranks better than 78% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MA CONSTRUCT
- What is the company number of MA CONSTRUCT?
- The company number of MA CONSTRUCT is 0800.749.549. The VAT number is the same number with BE in front: BE 0800.749.549.
- Where is MA CONSTRUCT based?
- The registered office is at Zandbergstraat 36, 8750 Wingene.Company details
- What does MA CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MA CONSTRUCT?
- MA CONSTRUCT is a private limited company (BV).
- When was MA CONSTRUCT founded?
- MA CONSTRUCT was founded on 14-04-2023.
- Is MA CONSTRUCT still active?
- Yes, MA CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of MA CONSTRUCT?
- The turnover of MA CONSTRUCT was €70,173 in financial year 2024, according to the filed annual accounts.Financials
- Is MA CONSTRUCT profitable?
- In financial year 2024, MA CONSTRUCT made a profit of €22,114.
- Where can I find the annual accounts of MA CONSTRUCT?
- MA CONSTRUCT filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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