Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Board changed. Latest change 31-03-2026 · 1 in office.
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,119 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 3% of them on solvency, 43% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 7,639 companies had the same profile as MAEDU CONSTRUCT has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAEDU CONSTRUCT itself is lower: 1.7% within 12 months. It rests on far more data about MAEDU CONSTRUCT than the profile alone.
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 7,639 companies, not a prediction for MAEDU 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.
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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.
The company filed its last 2 accounts on average 14 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAEDU CONSTRUCT Drogenbos | €3,354 | €41,828 | -464.3% | - |
| Ionut Construct Sint-Pieters-Leeuw | €2,912 | €23,630 | 31.0% | - |
| VHD Klussen Tielt-Winge | €7,975 | €15,345 | 26.8% | - |
| ISOCO Ixelles | €5,182 | €12,039 | -111.2% | - |
| FATOR Rénovation Générale Rebecq | €13,039 | €56,707 | 7.9% | - |
| PLAN.A RENOVATION Jette | €11,414 | €23,219 | -3.9% | - |
| FUTUR CONCEPT Etterbeek | €13,142 | €52,397 | 18.2% | - |
These companies have the same main activity as MAEDU CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €2,910 and €13,100, founded between 2021 and 2025.
The computed 12-month bankruptcy probability of MAEDU CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show negative equity (-€15,573) and a net result of -€18,149.
Its solvency ranks better than 5% of 35,119 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €240,000 and €640,000.
Higher than 47% of 35,956 companies in 2024.
Higher than 50% of 35,354 companies in 2024.
Higher than 59% of 35,538 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
3,354 | 5,841 | |
29/58 |
3,354 | 5,841 | |
40/41 |
2,000 | 2,387 | |
41 |
2,000 | 2,387 | |
54/58 |
1,354 | 3,004 | |
490/1 |
- | 450 | |
| Balance sheet: equity and liabilities | |||
10/49 |
3,354 | 5,841 | |
10/15 |
-15,573 | 2,576 | |
10/11 |
2,000 | 2,000 | |
14 |
-17,573 | 576 | |
17/49 |
18,927 | 3,264 | |
42/48 |
18,798 | 3,264 | |
44 |
253 | 802 | |
440/4 |
253 | 802 | |
45 |
13,053 | 393 | |
450/3 |
1,266 | 203 | |
454/9 |
11,787 | 189 | |
47/48 |
5,492 | 2,070 | |
492/3 |
129 | - | |
| Income statement | |||
9900 |
41,828 | 3,805 | |
62 |
59,058 | 3,082 | |
640/8 |
843 | - | |
9901 |
-18,072 | 722 | |
75/76B |
4 | - | |
75 |
4 | - | |
65/66B |
81 | 2 | |
65 |
81 | 2 | |
9903 |
-18,149 | 720 | |
67/77 |
- | 144 | |
9904 |
-18,149 | 576 | |
9905 |
-18,149 | 576 | |
| Appropriation of the result | |||
9906 |
-17,573 | 576 | |
14P |
576 | - | |
| Social balance sheet | |||
9087 |
1 | - | |
Hours worked1013 |
1,912 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00435609.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -1,650 | - | ||
| -15,444 | 2,576 | ||
| - | 44.1% | ||
| - | 1.79 | ||
| - | 1.27 | ||
| - | 22.4% | ||
| - | 9.9% |
The ratios are withheld because a balance sheet total of €3,354 is too small for a meaningful ratio.
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.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2025 annual accounts
The operating result for 2025 is a loss of €18,072, after a profit of €722 in 2024.
Equity is negative. Debt (€18,927) exceeds the balance-sheet total (€3,354).
MAEDU CONSTRUCT has no parent and no holdings in its annual accounts. DA SILVA José Maria is the only director. MAEDU CONSTRUCT shares no director with another company.
| MCS PROJECTS
establishment since 28-09-2021 · founded in 2021 |
total assets €85,240 (2025) 0774.687.530 |
| RAMOS SIQUEIRA
registered office since 14-08-2019 · founded in 2019 |
total assets €31,127 (2022) 0732.617.640 |
| Givron, Malika (sole trader)
establishment since 01-06-2026 |
founded in 2026 1038.112.707 |
| El Hakkouni, Redouane (sole trader)
establishment since 15-05-2023 |
founded in 2023 0801.599.882 |
| Kerrit, Anwar (sole trader)
establishment since 13-10-2021 |
founded in 2021 0776.536.369 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MAEDU CONSTRUCT was incorporated on 5 February 2024 as a private limited company by one natural person, with a starting capital of €2,000.12 DA SILVA José Maria is director of the company, appointed by deed of 08-04-2026.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Nieuwstraat 119 registered office 1620 Drogenbos | 20-02-2024 | 2.355.753.579 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 22001B0191/00N000 | 2,147 m² | 1 · 516 m² | 17.7 m |
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 1005.616.222
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