MA CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 16-09-2026, 47 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €9,100. Estimated: probably between €4,400 and €18,000.
Balance sheet
balance sheet total €95,125 on 31-12-2025in euro
in euro
Position in the sector
28.2%
Higher than 38% of 2,818 companies in 2025.
1.39
Higher than 42% of 2,746 companies in 2025.
0.6%
Higher than 31% of 2,782 companies in 2025.
Net result: middle half · Equity: bottom quarter · 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 | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
95,125 | 79,822 | |
29/58 |
95,125 | 79,822 | |
3 |
10,991 | - | |
30/36 |
6,391 | - | |
37 |
4,600 | - | |
40/41 |
80,725 | 70,485 | |
40 |
79,547 | 68,745 | |
41 |
1,178 | 1,739 | |
54/58 |
2,817 | 9,338 | |
490/1 |
592 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
95,125 | 79,822 | |
10/15 |
26,872 | 26,342 | |
10/11 |
10,000 | 10,000 | |
14 |
16,872 | 16,342 | |
17/49 |
68,253 | 53,481 | |
42/48 |
68,253 | 53,481 | |
44 |
37,235 | 28,878 | |
440/4 |
37,235 | 28,878 | |
46 |
13,500 | 13,517 | |
45 |
17,518 | 11,085 | |
450/3 |
4,218 | 4,085 | |
454/9 |
13,300 | 7,000 | |
| Income statement | |||
9900 |
758 | 24,684 | |
630 |
- | 4,107 | |
640/8 |
62 | 62 | |
9901 |
696 | 20,515 | |
75/76B |
43 | 13 | |
75 |
43 | 13 | |
65/66B |
77 | 101 | |
65 |
77 | 101 | |
9903 |
663 | 20,427 | |
67/77 |
133 | 4,085 | |
9904 |
530 | 16,342 | |
9905 |
530 | 16,342 | |
| Appropriation of the result | |||
9906 |
16,872 | 16,342 | |
14P |
16,342 | - | |
| Document | |||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 47 days after the deadline. Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517480.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 24,622 | ||
| - | 20,449 | ||
| -6,521 | - | ||
| 26,872 | 26,342 | ||
| 28.2% | 33.0% | ||
| 1.39 | 1.49 | ||
| 1.23 | 1.49 | ||
| 2.54 | 2.03 | ||
| 2.0% | 62.0% | ||
| 0.6% | 20.5% | ||
| - | over 100 |
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.
Insights on MA CONSTRUCT
The operating result for 2025 is 97% lower than in 2024.
Debt's share of the balance-sheet total rises from 67.0% to 71.8%. Equity and debt are higher.