Turnover
≈ €180,000 estimated
The micro format states no turnover.
MALISA CONSTRUCT
Lifetime
14 annual accounts with figures on one time axispeak €46,813 (2018)
€15,224▲ 65×
lowest -€26,472 (2021)
€8,062▲ €10,192
peak €46,618 (2019)
€23,795▲ 51.2%
€47,950▲ 261%
Board1 name since 2011
-
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €235 to €15,224Back to profit: €8,062Change of role: Marius DUMITRU, from director to sole director 01-07Equity from €15,733 to €23,795Debts from €13,273 to €47,950
Key points
from the 2025 annual accountsChecked score
36
Weak
Financially stronger than 56% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.2% 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 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.5%
01-2025: 8.4%▲ +1.9 percentage points vs 12-2024
02-2025: 8.4%● unchanged vs 01-2025
03-2025: 8.6%▲ +0.2 percentage points vs 02-2025
04-2025: 3.2%▼ -5.4 percentage points vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 3.3%▲ +0.3 percentage points vs 06-2025
08-2025: 3.7%▲ +0.4 percentage points vs 07-2025
09-2025: 3.9%▲ +0.2 percentage points vs 08-2025
10-2025: 5.0%▲ +1.1 percentage points vs 09-2025
11-2025: 4.6%▼ -0.4 percentage points vs 10-2025
12-2025: 5.8%▲ +1.2 percentage points vs 11-2025
01-2026: 8.4%▲ +2.6 percentage points vs 12-2025
02-2026: 8.4%● unchanged vs 01-2026
03-2026: 8.7%▲ +0.3 percentage points vs 02-2026
04-2026: 14.2%▲ +5.5 percentage points vs 03-2026
05-2026: 9.6%▼ -4.6 percentage points vs 04-2026
06-2026: 14.7%▲ +5.1 percentage points vs 05-2026
07-2026: 14.5%▼ -0.2 percentage points vs 06-2026
08-2026: 15.4%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 7.2%▼ -8.2 percentage points vs 08-2026
10-2026: 7.2%● unchanged vs 09-2026
11-2026: 7.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Liquidity: current ratio 4.12, cash €11
1 change of registered office in 24 months
Sector: Construction of residential and non-residential buildings (NACE 41)
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 40% of them on solvency, 38% on liquidity, 65% on profitability and 80% 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, 34,693 companies had the same profile as MALISA CONSTRUCT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MALISA CONSTRUCT itself is higher: 7.2% within 12 months. It rests on far more data about MALISA 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 34,693 companies, not a prediction for MALISA 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 4.12 (2.08 in 2024), above the usual 1.5. Short-term debt is 24% and cash 0% of total assets. However, 66.8% 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
Seven signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €23,795
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
251 days late
2023
237 days late
2022
121 days late
2021
79 days late
2020
257 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 153 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.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Searched, nothing found (1)
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. The company usually files around 29 November (4 of the last 5 accounts filed within 117 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Address strikeout annulled
KBO administration
Registered office moved from Wepion to Nivelles
New registered office: AVENUE JEAN MONNET 1 1401 NIVELLES · Previous registered office: TIENNE AUX CLOCHERS 107 5100 WEPION · General meeting of 02-01-2026 · Gazette deed
Address struck
effective 01-03-2026 · KBO administration
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0838692880
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MALISA CONSTRUCT Nivelles | €71,745 | €15,224 | 33.2% | - |
| A CARRODECOR Ottignies-Louvain-la-Neuve | €70,658 | €14,984 | 51.9% | - |
| BOUWONDERNEMING YTC Oostkamp | €65,235 | €15,901 | 77.7% | - |
| K.O. CONSTRUCT Zandhoven | €74,963 | €14,085 | 85.2% | - |
| EnerSys Construction Léglise | €77,340 | €17,297 | 66.9% | - |
| LG SOLUTIONS Grimbergen | €74,805 | €17,930 | 81.8% | - |
| BAGNO HOME CONSTRUCT Walcourt | €81,185 | €13,418 | 56.7% | - |
These companies have the same main activity as MALISA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €65,200 and €81,200, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 22-08-2011Normal situation
- Registered office
- 47 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.202.533.270since 01-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Insights on MALISA CONSTRUCT
MALISA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €7,750 in 2012 to €15,224 in 2025.
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 MALISA CONSTRUCT
- What is the company number of MALISA CONSTRUCT?
- The company number of MALISA CONSTRUCT is 0838.692.880. The VAT number is the same number with BE in front: BE 0838.692.880.
- Where is MALISA CONSTRUCT based?
- The registered office is at Avenue Jean Monnet 1, 1401 Nivelles.Company details
- What does MALISA CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MALISA CONSTRUCT?
- MALISA CONSTRUCT is a private limited company (BV).
- When was MALISA CONSTRUCT founded?
- MALISA CONSTRUCT was founded on 22-08-2011.
- Is MALISA CONSTRUCT still active?
- Yes, MALISA CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of MALISA CONSTRUCT?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €15,224 and 263 comparable companies (NACE 41001). It probably lies between €95,000 and €330,000. It is a rough estimate.Financials
- Is MALISA CONSTRUCT profitable?
- In financial year 2025, MALISA CONSTRUCT made a profit of €8,062.
- Where can I find the annual accounts of MALISA CONSTRUCT?
- MALISA CONSTRUCT filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MALISA CONSTRUCT due?
- MALISA CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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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