MA CONSTRUCT
Overview
Lifetime
2 annual accounts with figures on one time axisKey points
from the 2024 annual accountsChecked score
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).
Financial strengthStrong
Score breakdown
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.
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
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
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.
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Recent changes
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
Annual accounts 2024
- €70,173
- €22,114
- €22,709▲ 38×
- €32,727▲ 15×
- ≈ 0 FTEestimated
- Filing
- Filed on 31-10-2025
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.
Financials
Annual accounts 2024
micro format, filed on 31-10-2025, 92 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Money flows
of every €100 of turnover, €31.51 remains as profit in 2024Balance sheet
balance sheet total €32,727 on 31-12-2024in euro
in euro
Position in the sector
69.4%
Higher than 78% of 9,833 companies in 2024.
3.27
Higher than 77% of 9,553 companies in 2024.
67.6%
Higher than 95% of 9,646 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
32,727 | 2,175 | |
29/58 |
32,727 | 2,175 | |
40/41 |
30,851 | 1,952 | |
40 |
2,653 | 148 | |
41 |
28,199 | 1,804 | |
54/58 |
5 | 223 | |
490/1 |
1,870 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
32,727 | 2,175 | |
10/15 |
22,709 | 595 | |
10/11 |
1,700 | 1,700 | |
14 |
21,009 | -1,105 | |
17/49 |
10,017 | 1,580 | |
42/48 |
10,017 | 1,580 | |
44 |
4,306 | 1,136 | |
440/4 |
4,306 | 1,136 | |
45 |
5,711 | - | |
450/3 |
5,711 | - | |
47/48 |
- | 444 | |
| Income statement | |||
70 |
70,173 | - | |
76A |
855 | - | |
9900 |
27,676 | 112 | |
60/61 |
43,351 | - | |
62 |
67 | - | |
630 |
- | 1,157 | |
640/8 |
9 | 50 | |
9901 |
27,600 | -1,095 | |
75/76B |
358 | - | |
76B |
358 | - | |
65/66B |
189 | 10 | |
65 |
189 | 10 | |
9903 |
27,769 | -1,105 | |
67/77 |
5,655 | - | |
9904 |
22,114 | -1,105 | |
9905 |
22,114 | -1,105 | |
| Appropriation of the result | |||
9906 |
21,009 | -1,105 | |
14P |
-1,105 | - | |
| Document | |||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| - | 62 | ||
| - | 52 | ||
| - | 1,157 | ||
| -217 | - | ||
| 22,709 | 595 | ||
| 39.3% | - | ||
| 69.4% | - | ||
| 3.27 | - | ||
| 0.44 | - | ||
| 97.4% | - | ||
| 67.6% | - | ||
| - | 6.38 | ||
| 14 days | - | ||
| 36 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Intangible fixed assets | - | €1,157 |
| - | €1,157 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on MA CONSTRUCT
The operating result for 2024 is a profit of €27,600, after a loss of €1,095 in 2023.
Debt's share of the balance-sheet total falls from 72.6% to 30.6%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 18-04-2023
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Mandates as a list
- MIRCEA Dimutru
- Director (not named in the articles), appointed by deed of 18-04-2023, still in office
Control
Capital
- Contribution
- €1,700
- Shares
- 100
- Contribution per share
- €17
- Equity per share
- €227 in 2024
- Source
- deed of 18-04-2023
Articles of association
deed of 18-04-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s), geen beroep op rechter”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 17:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag een of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder in functie krachtens…”
Shareholders
- DUMITRU Mircea 100 shares (100%) · €1,700
Network & group
No group
MA CONSTRUCT has no parent and no holdings in its annual accounts. MIRCEA Dimutru is the only director. MA CONSTRUCT shares no director with another company.
At the same address
Zandbergstraat 36, 8750 Wingene · 2 other companies| Dumitru, Mircea (sole trader)
establishment since 01-03-2022 |
founded in 2022 0782.693.295 |
| Dornez, Louis (sole trader)
establishment since 01-06-1984 |
founded in 1984 0531.855.552 |
Timeline
Timeline
7 events since 2023
IncorporationFounding capital of €1,700, 100 shares · Founder: DUMITRU Mircea · Appointment: MIRCEA Dimutru (director) · published on 18-04-20236 points ▸
- Founder, DUMITRU Mircea
- Founding capital, €1,700, 100 shares
- DUMITRU Mircea holds 100 shares
- 100 shares
- Registered office clause, Zandbergstraat 36 bus 0203, 8750 Wingene
- Director appointment, MIRCEA Dimutru (director (not named in the articles))
- The deed holds 7 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 14 April 2023, MA CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €1,700.12 MIRCEA Dimutru is director of the company, appointed by deed of 18-04-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2024.3
Company details
Identity
- Enterprise number
- 0800.749.549
- VAT number
- BE 0800.749.549
- Peppol ID
- 0208:0800749549
- Other Peppol ID
- 9925:BE0800749549
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-04-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 17:00deed of 18-04-2023 (in Dutch)
- Peppol
- Reachable since 24-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MA CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-04-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-04-2023 (in Dutch)
Activities
NACEBEL 2025Codes under NACEBEL 2008
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwwerkzaamheden en renovatie van residentiële en niet-residentiële gebouwen,het optrekken van de ruwbouw van individuele…”deed of 18-04-2023 (in Dutch)
20 activities
- Algemene bouwwerkzaamheden en renovatie van residentiële en niet-residentiële gebouwen,het optrekken van de ruwbouw van individuele huizen,bouw van individuele huizen volgens de formule sleutel op de deur,optrekken van de ruwbouw van gebouwen met celstructuur(appartementsgebouwen,enz.),bouw van appartementen volgens de formule sleutel op de deur,bouw van kantoren,tuinhuizen,optrekken van de ruwbouw van gebouwen,algemene coördinatiewerkzaamheden bouwwerf
- De algemene bouwonderneming,zomede de coördinatie uitgevoerd door onderaannemers met andere woorden,bouwcoördinator,timmer- en schrijnwerken,tegelwerken en voegwerken,grondwerken,elektriciteitswerken,loodgieterij,plaatsing sanitaire en verwarmingsinstallaties,schilderwerken,het leggen van kabels en diverse leidingen,slopingswerken,verhuring van machines en gereedschap
- De ontwikkeling van residentiële bouwprojecten,projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken,projectontwikkeling voor de bouw van appartementsgebouwen
- Loodgieterswerk,installatie in gebouwen en andere bouwwerken van loodgieterswerk en sanitaire apparatuur,gasleidingen en aansluitingen,gasleidingen voor verwarmingssystemen,waterleidingen,brandblusinstallaties,de installatie van verwarming,klimaatregeling en ventilatie,installatie in gebouwen e.a.bouwwerken van verwarmingssystemen op elektriciteit,gas of stookolieapparaten,verwarmingsketels,apparaten en leidingen voor ventilatie en klimaatregeling,enz.
- De installatie van verwarming,klimaatregeling en ventilatie(zonder verwarming)
- De installatie,aan- en verkoop van elektrische apparaten en bedrading,hulpvoedingssystemen,verlichting,telefooninstallaties,computersystemen,elektrische verwarmingsinstallaties,klimaatregeling en ventilatie,liften en roltrappen,bewakingssystemen en alarminstallaties tegen diefstal,antennes en bliksemafleiders en dergelijke
- De installatie,aan- en verkoop van ventilatiesystemen,schotelantennes,draadloze systemen voor dataverbinding,verlichtingssystemen,elektrische zonnecollectoren en het plaatsen van fotovoltaïsche panelen
- Het aanbrengen in gebouwen en andere bouwwerken van thermische isolatiemateriaal,isolatiemateriaal tegen geluid en trillingen,het plaatsen van tussenwanden van gipsplaten,het vervaardiging van metalen constructies of gebinten voor de bouw,het monteren van niet-zelf vervaardigde(metalen)constructiewerken,het onderhouds- en herstellingswerken van mechanische aard,de vervaardiging van eetkamer-,zitkamer-,slaapkamer- en badkamermeubelen,de installatie van garagepoorten,luiken,zonneblinden,traliewerk hekken,enz..
- De aankoop,verkoop,import en export zowel als groothandel als kleinhandel,de verwerking en/of fabricatie,levering en plaatsing van vloeren,alle types parket-,vinyl- en laminaatvloeren alsmede van vast tapijt,natuur en ceramische tegels,zomede kurk,samengevat alles wat ook maar enig verband heeft met vloerbedekking
- Algemene reiniging zoals het reinigen,ontstoffen,ontvetten en ontsmetten van bedrijfsgebouwen,woongelegenheden,lokalen,(bouw)werven,kanalen,leidingen,meubels,stofferingen,toestellen,technische installaties en allerhande voorwerpen,evenals het ontstoppen van kanalen en schouwvegen
- De oprichting,verwerving en uitbating van onroerende goederen,hierin begrepen handelsfondsen;de aankoop,verkoop,bouw,promotie,beheer,omvorming,herstelling,verhuur,bemiddeling en verkaveling van om het even welk gemeubeld of ongemeubeld onroerend goed
- Alle handelingen als tussenpersoon of makelaar,en in het algemeen elke handeling in onroerende goederen
- De aankoop,verkoop,import en export,zowel als groothandel als kleinhandel,de verwerking en/of fabricatie,levering en plaatsing in of van alle vloerstenen,tegels,natuurstenen,kunststenen en agglomeraten,sierelementen mozaïeken,schouwen,schouwmantels,in en van alle toebehoren en grondstoffen het bewerken en plaatsen van marmer en arduin
- Klusjesdiensten in de ruimste zin van het woord alsook tussenpersoon in de handel
- Het verstrekken van bedrijfsadvies en/of het verzekeren van management voor het opstarten en opvolgen van het beleid in de meest diverse sectoren uit de nijverheid en dienstensector(o.a.alle werkzaamheden op het gebied van management consult,personeelsbeleid,financieel beleid,public relations service,marketing,publiciteit en promotie,organisatie,regie en uitwerking van publicitaire shows,promotiecampagnes en publicitaire edities,folders en catalogi,organisaties van meetings,recepties,beurzen en congressen,vertegenwoordiging en animatie op beroepsbeurzen en salons
- Het helpen ontwikkelen en organiseren van een missie,businessplans en een image-building voor de klanten en adviesverlening van allerlei aard
- Het waarnemen van alle bestuursopdrachten,het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden
- Het toestaan van leningen,het stellen van zekerheden alsmede alle borgstellingen aan derden tegen vergoeding
- Uitbesteding van uitbating van een of meerdere vestigingen of activiteiten in onderaanneming,franchising of in gelijk welke andere vorm aan derden
- Deelneming door inbreng,versmelting,inschrijving,of om het even welke andere wijze in alle andere ondernemingen,vennootschappen,die nuttig zijn tot gehele of gedeeltelijke verwezenlijking van haar voorwerp met derden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zandbergstraat 36 registered office 8750 Wingene | 14-04-2023 | 2.344.307.480 |
Buildings and parcels at the address
- Ground area
- 1,463 m²
- Buildings
- 376 m²
- Volume, LiDAR
- 15 m³
- Tallest building
- 4.6 m
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37018D1871/00C000 | 1,463 m² | 1 · 376 m² | 4.6 m |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0800.749.549