Turnover
≈ €9,100 estimated
The abbreviated format states no turnover.
MA CONSTRUCT
Overview
Lifetime
2 annual accounts with figures on one time axispeak €24,684 (2024)
€758▼ 96.9%
peak €16,342 (2024)
€530▼ 96.8%
peak €26,872 (2025)
€26,872▲ 2.0%
€68,253▲ 27.6%
Board1 name since 2023
1 directorAMENDOLARA, Milan
Documentsfilings and deeds
16-09-202647 days late
2025abbreviated format
Gross margin from €24,684 to €758Result from €16,342 to €530Debts from €53,481 to €68,253Cash from €9,338 to €2,817
Key points
from the 2025 annual accountsDebts
€68,253 72% of the balance sheet
Suppliers 55%Taxes and wages 26%Other 20%
Starting capital
€10,000 100 shares
2025 accounts filed 47 days after the deadline
Checked score
35
Weak
Financially stronger than 28% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.3% 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 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.1%lowest value
01-2025: 4.2%▲ +0.1 percentage points vs 12-2024
02-2025: 4.6%▲ +0.4 percentage points vs 01-2025
03-2025: 4.6%● unchanged vs 02-2025
04-2025: 5.0%▲ +0.4 percentage points vs 03-2025
05-2025: 4.8%▼ -0.2 percentage points vs 04-2025
06-2025: 4.8%● unchanged vs 05-2025
07-2025: 5.1%▲ +0.3 percentage points vs 06-2025
08-2025: 5.3%▲ +0.2 percentage points vs 07-2025
09-2025: 5.3%● unchanged vs 08-2025
10-2025: 5.2%▼ -0.1 percentage points vs 09-2025
11-2025: 5.2%● unchanged vs 10-2025
12-2025: 5.2%● unchanged vs 11-2025
01-2026: 5.1%▼ -0.1 percentage points vs 12-2025
02-2026: 5.1%● unchanged vs 01-2026
03-2026: 5.1%● unchanged vs 02-2026
04-2026: 5.1%● unchanged vs 03-2026
05-2026: 5.2%▲ +0.1 percentage points vs 04-2026
06-2026: 5.1%▼ -0.1 percentage points vs 05-2026
07-2026: 5.2%▲ +0.1 percentage points vs 06-2026
08-2026: 5.8%▲ +0.6 percentage points vs 07-2026
09-2026: 5.9%▲ +0.1 percentage points vs 08-2026
10-2026: 6.2%▲ +0.3 percentage points vs 09-2026
11-2026: 6.3%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 47 days late; 2 of the last 3 accounts late
Size: total assets €95,125
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 35% of them on solvency, 13% on liquidity, 23% on profitability and 40% 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 31-12-2025.
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, 2,542 companies had the same profile as MA CONSTRUCT has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MA CONSTRUCT itself is higher: 6.3% 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 2,542 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 tight, with a current ratio of 1.39 (1.49 in 2024), below the usual 1.5. Short-term debt is 71.8% and cash 3% of total assets. 71.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 47 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
47 days late
2024
46 days late
← 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 47 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805010819
Incorporation
Founding capital of €10,000, 100 shares · Founder: AMENDOLARA, Milan · Appointment: AMENDOLARA, Milan (director) · published on 24-08-2023 · Gazette deed
First establishment
Grote Baan 9, Lummen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MA CONSTRUCT Lummen | €95,125 | €758 | 28.2% | - |
| BUILD & REPAIR Beernem | €97,184 | -€1,039 | 10.9% | - |
| C&A Comfort Antwerp | €102,041 | €435 | 25.2% | - |
| MJ HOUSING Eghezée | €97,713 | -€285 | -93.7% | - |
| Pulse Auderghem | €86,549 | -€441,995 | -631.6% | - |
| Jml.construct Leuven | €87,635 | -€16,201 | 28.3% | - |
| Project solution Construct Halle | €82,767 | -€21,109 | -51.0% | - |
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 €82,800 and €102,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 22-08-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.348.845.8923560 Lummen, since 22-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €758▼ 96.9%
- €530▼ 96.8%
- €26,872▲ 2.0%
- €95,125▲ 19.2%
- Filing
- Filed on 16-09-2026
Insights on MA CONSTRUCT
The computed 12-month bankruptcy probability of MA CONSTRUCT is 6.3% (elevated). The 2025 annual accounts show equity of €26,872 and a net result of €530.
Its solvency ranks better than 38% of 2,818 sector peers (NACE 41, financial year 2025). 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 2025
abbreviated format, filed on 16-09-2026, 47 days late€758
▼ 96.9%
€696
▼ 96.6%
€530
▼ 96.8%
€26,872
▲ 2.0%
28.2%
▼ 4.8 percentage points
1.39
▼ 0.10
Turnover 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 31-12-2025What the company ownsHow it is paid for
in 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.
MA CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in construction of buildings (NACE 41)
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.
Board & ownership
Board
1 director, since incorporationDirector
since 22-08-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 16-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-08-2023
Mandates through the years
1 name, the dashed line is todayAMENDOLARA, Milan
Director
Director
Board
Mandates as a list
- AMENDOLARA, Milan
- Director, from 22-08-2023 to date
Control
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €269 in 2025
- Source
- deed of 24-08-2023
Articles of association
deed of 24-08-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering kan mandaat steeds beëindigen wegens wettige reden, zonder opzeggingstermijn of vertrekvergoeding”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00
Founder
At incorporation
deed of 24-08-2023 ↗
- AMENDOLARA, Milan sole founder · 100% at incorporation
Network & group
No group
MA CONSTRUCT has no parent and no holdings in its annual accounts. AMENDOLARA, Milan is the only director. MA CONSTRUCT shares no director with another company.
At the same address
Grote Baan 9, 3560 Lummen · 1 other company| Corstens, Milou (sole trader)
establishment since 01-07-2026 |
founded in 2026 1038.296.215 |
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 47 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0805010819
Annual accounts 2024 filed PDFabbreviated format · 46 days late
2023
IncorporationFounding capital of €10,000, 100 shares · Founder: AMENDOLARA, Milan · Appointment: AMENDOLARA, Milan (director) · published on 24-08-20234 points ▸
- Founding capital, €10,000, 100 shares
- Founder, AMENDOLARA, Milan
- Registered office clause, Grote Baan 9, 3560 Lummen
- Director appointment, AMENDOLARA, Milan
- The deed holds 2 more points.
First establishment Grote Baan 9, Lummen
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 22 August 2023, MA CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €10,000.12 AMENDOLARA, Milan has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0805.010.819
- VAT number
- BE 0805.010.819
- Peppol ID
- 0208:0805010819
- Other Peppol ID
- 9925:BE0805010819
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-08-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 18:00deed of 24-08-2023 (in Dutch)
- Peppol
- Reachable since 19-12-2025Follow 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 24-08-2023 (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 24-08-2023 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43120
Site preparation
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41203
Construction of residential and non-residential buildings
43120
Site preparation
43299
Specialised construction activities
43995
Specialised construction activities
43999
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Zowel in België als in het buitenland; Zowel rechtstreeks als onrechtstreeks; Zowel voor eigen rekening als voor rekening en risico van…”deed of 24-08-2023 (in Dutch)
62 activities
- Zowel in België als in het buitenland
- Zowel rechtstreeks als onrechtstreeks
- Zowel voor eigen rekening als voor rekening en risico van derden
- De verwerving, de vervreemding, het beheer, de uitbating, de aanleg en de verkaveling, de bebossing en de ontginning, de handels- en/of landbouwuitbating, het beheer, de financiering, de verzekering en het in waarde stellen van alle onroerende goederen, het bouwen en verbouwen van onroerende goederen in de ruimste zin van het woord
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatie, voor de bouw van appartementsgebouwen, voor de bouw van kantoorgebouwen, voor de bouw of aanleg van commerciële en industriële centra, voor de aanleg of renovatie van stadswijken
- De handel in onroerend goed voor zichzelf of voor derden zoals flatgebouwen en woningen, niet voor bewoning bestemde gebouwen, grond
- Het verhuur van al dan niet gemeubelde appartementen, huizen, flatgebouwen, niet-residentiële gebouwen enz.
- Het verschaffen van advies en studies met betrekking tot onroerende goederen
- Het schatten van onroerende goederen
- Tussenhandelaar, de makelarij en/of handel in onroerende en roerende goederen, dit in de ruimste zin van het woord, met inbegrip van onroerende leasing
- Uitbating van een sauna voor privé-verhuur, jacuzzi, zwembad en relaxgelegenheid met drankvoorziening alsmede het ter beschikking stellen van douches, toilet en kleedruimte
- Verlenen van advies op het gebied van de schoonheidszorgen en gezichtsverzorging; het aanbrengen van make-up, enzovoort
- Huidverzorging en epileren
- Manicure en pedicure
- Diensten in verband met het lichamelijk welzijn, zoals verleend in inrichtingen voor thalassotherapie, kuuroorden, Turkse baden, sauna's, stoombaden, solariums, massagesalons, enzovoort
- Detailhandel in kledingaccessoires in gespecialiseerde winkels
- Detailhandel in cosmetica en toiletartikelen in gespecialiseerde winkels
- Kleinhandel in sieraden en edelsmeedwerk
- Kleinhandel in imitatiesieraden, gadgets, enzovoort
- Groothandel in parfumerieën en cosmetica
- Groothandel in toiletartikelen
- Overige zakelijke dienstverlening
- Klein- en groothandel sauna's, infraroodcabines, zwembaden, Turkse stoombaden
- Het onderhouden van machines, uitvoeren van loodgieterswerk, het uitvoeren van alle overige elektrische en elektronische werken. Het onderhouden en repareren van overige goederen. Het verschaffen van depannages in geval van nood
- Import en export van handelsgoederen
- Alle schrijn- en timmerwerken
- Restaureren van bouwwerken
- Dak werkzaamheden
- Plaatsen en installeren van keukens, met alle apparatuur
- Algemene afwerking van bouwwerven
- Het vervaardigen van meubilair en interieur
- Zagen en schaven van hout
- Plaatsen van parket en andere houten vloeren
- Plaatsen van elektrotechnische installaties
- Isolatiewerkzaamheden
- Stukadoorswerk
- Plaatsen van wandbekleding van hout
- Algemene schilderwerken
- Uitvoeren van allerlei kluswerken
- Overige werkzaamheden in verband met afwerking van gebouwen
- Overige gespecialiseerde bouwwerkzaamheden
- Alle bouwactiviteiten, alle aannemingswerken in de bouw en in het bijzonder het optrekken, herstellen of slopen van gebouwen, namelijk de werken die betrekking hebben op de stevigheid en de weerstand van het gebouw, evenals alle ruwbouw- en metselwerken
- Het uitvoeren van alle grondwerken en grondverzet, het optrekken van de ruwbouw van gebouwen, algemene bouw van gebouwen, het slopen van gebouwen, het aanbrengen van bekisting en vlechten van ijzer, het uitvoeren van voeg- en metselwerk, het bouwen van individuele huizen en andere residentiële en niet-residentiële gebouwen
- Het optrekken en afbreken van steigers en werkplatforms, het monteren van niet-zelf vervaardigde metalen constructiewerken, het bouwen van funderingen, het ruimen van bouwterreinen, de bouw van bruggen en tunnels
- Het toezien op en de coördinatie van de bouwwerkzaamheden, de ontwikkeling van bouwprojecten, alsook de handelsbemiddeling, groot- en kleinhandel in hout en bouwmaterialen
- Leggen van kabels en diverse leidingen, onder meer de lokalisatie van hoogspanningskabels en pijpen, de leidingen voor water- en gasvoorzieningen, het plaatsen van allerlei elektrische kabels
- Andere diverse grondwerken
- Rioleringswerken
- Het bouwen, herstellen en onderhouden van wegen. Dit omvat onder meer de bouw-, herstellings- en onderhoudswerken van fietspaden, evenals van terreinen en startbanen
- Uitvoeren van boringen, peilingen en uitdiepen
- Uitvoeren van fundering heiwerk, damplanken en versterkingswerken van de bodem volgens allerlei methoden
- Verwarming, klimaatregeling en ventilatie werkend op alle energiebronnen
- Bordenbouw en zekeringskasten
- Alle soorten elektrische toestellen en huishoudapparaten
- Warmte en geluidsisolatie sanitaire inrichtingen en toestellen, voor lood- en zinkwerken, installaties en waterverzachters
- Stookolietanks
- Elektrische kabels en diverse leidingen
- Allerhande branders, brand-technische installaties
- Elektrisch en elektronisch materiaal
- Consumentenartikelen
- Industriële pijpleidingen en kanalisaties. Elektrotechnische installaties. Speciale installaties zoals het inrichten van fabrieken, werkplaatsen, pompstations, koelinstallaties, aanleggen van moerriolen
- Centrale verwarming met water, stoom en gas en van alle bijkomende toestellen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Grote Baan 9 registered office 3560 Lummen | 22-08-2023 | 2.348.845.892 |
Buildings and parcels at the address
- Ground area
- 1,244 m²
- Buildings
- 184 m²
- Volume, LiDAR
- 791 m³
- Tallest building
- 7.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71038B0357/00C000 | 1,244 m² | 1 · 184 m² | 7.7 m · 1 |
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 0805.010.819