MAR Construct
ActiveSummary
The computed 12-month bankruptcy probability of MAR Construct is 4.4% (elevated). The 2025 annual accounts show equity of €10k and a net result of €4k. Its solvency ranks better than 44% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-10
Solvency67▼-14
Growth78
Track record82
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.51 against 0.75 in 2024; short-term debt: 57.8% and cash: 58.8% of total assets), but 57.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
29 d late
2024
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 65.0%
2024 · €6k
2024: €6k
2025: €10k▲ +65.0% vs 2024
2024 → 2025
Total assets
€24k▲ 119%
2024 · €11k
2024: €11k
2025: €24k▲ +119% vs 2024
2024 → 2025
Net result
€4k▲ 10.6%
2024 · €4k
2024: €4k
2025: €4k▲ +10.6% vs 2024
2024 → 2025
Working capital
€7k
2024 · €-1k
2024: €-1k
2025: €7k▲ +685% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€6k-€10k▲ 65.0%
2024: €6k
2025: €10k▲ +65.0% vs 2024
Operating result€5k-€5k▲ 11.5%
2024: €5k
2025: €5k▲ +11.5% vs 2024
Net result€4k-€4k▲ 10.6%
2024: €4k
2025: €4k▲ +10.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24k
Fixed assets
€3k ▼ 58.0%
Current assets
€21k ▲ 479%
Equity and liabilities €24k
Equity
€10k ▲ 65.0%
Debt
€14k ▲ 188%
Debt's share of the balance-sheet total rises from 44.0% to 57.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €8k
Cash flow
€9k▲
2024 · €6k
Current ratio
1.51▲
2024 · 0.75
Debt to equity
1.37▲
2024 · 0.78
ROE
39.4%▼
2024 · 58.7%
ROA
16.6%▼
2024 · 32.9%
Interest coverage
57.12▼
2024 · 254.63
Debt ≤ 1 year
€14k▲
2024 · €5k
Income taxes
€1k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11k€24k▲
Fixed assets21/28€7k€3k▼
Tangible fixed assets22/27€7k€3k▼
Plant, machinery and equipment23€1k€695▼
Furniture and vehicles24€6k€2k▼
Current assets29/58€4k€21k▲
Amounts receivable within one year40/41€2k€7k▲
Trade receivables40€148€7k▲
Other amounts receivable41€2k€155▼
Cash at bank and in hand54/58€1k€14k▲
Deferred charges and accrued income490/1€354-
Equity and liabilities
Total equity and liabilities10/49€11k€24k▲
Equity10/15€6k€10k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€4k€7k▲
Amounts payable17/49€5k€14k▲
Amounts payable within one year42/48€5k€14k▲
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€857€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€202€232▲
Gross operating margin9900€8k€10k▲
Operating profit (loss)9901€5k€5k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€30€176▲
Recurring financial charges65€30€176▲
Profit (loss) for the period before taxes9903€5k€5k▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€4k€4k▲
Profit (loss) for the period to be appropriated9905€4k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€7k▲
Profit (loss) brought forward from the previous period14P-€4k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | ▲ 66.5% |
| Other operating charges640/8 | €202 | €232 | ▲ 14.9% |
| Gross operating margin9900 | €8k | €10k | ▲ 32.0% |
| Operating profit (loss)9901 | €5k | €5k | ▲ 11.5% |
| Financial income75/76B | €0 | €0 | ▲ 233% |
| Recurring financial income75 | €0 | €0 | ▲ 233% |
| Financial charges65/66B | €30 | €176 | ▲ 490% |
| Recurring financial charges65 | €30 | €176 | ▲ 490% |
| Profit (loss) for the period before taxes9903 | €5k | €5k | ▲ 8.4% |
| Income taxes67/77 | €1k | €1k | ▲ 1.4% |
| Profit (loss) for the period9904 | €4k | €4k | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €4k | €4k | ▲ 10.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11k | €24k | ▲ 119% |
| Fixed assets21/28 | €7k | €3k | ▼ 58.0% |
| Tangible fixed assets22/27 | €7k | €3k | ▼ 58.0% |
| Plant, machinery and equipment23 | €1k | €695 | ▼ 46.4% |
| Furniture and vehicles24 | €6k | €2k | ▼ 60.5% |
| Current assets29/58 | €4k | €21k | ▲ 479% |
| Amounts receivable within one year40/41 | €2k | €7k | ▲ 238% |
| Trade receivables40 | €148 | €7k | ▲ 4,343% |
| Other amounts receivable41 | €2k | €155 | ▼ 91.6% |
| Cash at bank and in hand54/58 | €1k | €14k | ▲ 1,037% |
| Deferred charges and accrued income490/1 | €354 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11k | €24k | ▲ 119% |
| Equity10/15 | €6k | €10k | ▲ 65.0% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €4k | €7k | ▲ 111% |
| Amounts payable17/49 | €5k | €14k | ▲ 188% |
| Amounts payable within one year42/48 | €5k | €14k | ▲ 188% |
| Trade debts44 | €1k | €8k | ▲ 602% |
| Suppliers440/4 | €1k | €8k | ▲ 602% |
| Taxes, remuneration and social security45 | €3k | €3k | ▲ 3.8% |
| Taxes450/3 | €1k | €3k | ▲ 102% |
| Remuneration and social security454/9 | €1k | - | - |
| Other amounts payable47/48 | €857 | €2k | ▲ 190% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €4k | ▲ 10.6% |
| + Depreciation and write-downs630 | €3k | €5k | ▲ 66.5% |
| Operating cash flow (approximation) | €6k | €9k | ▲ 35.7% |
| Investment in fixed assets (approximation) | - | €-624 | - |
| Change in cash | - | €13k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 1.51
Current ratio from 0.75 to 1.51.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2024
Ground area
119 m²
Building footprint
89 m²
Volume, LiDAR
1,483 m³
Parcel 21815D0106/00D008, Brussels · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
MAR Construct
since 20242.358.574.301
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0106/00D008 | Brussels | 119 m² | 1 · 89 m² | 18.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,059 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
68121Development of residential building projects
68122Development of non-residential building projects
43320Joinery installation
43343Specialised construction activities
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.