Master Plan Construction
ActiveSummary
For Master Plan Construction, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €46,689 and a net result of €8,675. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 8997 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability56▲+39
Solvency65▼-35
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
40%
Return on assets
7.4%
Age of the figures
33 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-08-2024, 2 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
2 d late
2022
150 d late
2021
54 d early
2020
29 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€46,689▲ 22.8%
2022 · €38,014
Total assets
€116,768▲ 157%
2022 · €45,384
Net result
€8,675
2022 · -€3,650
Working capital
€46,689▲ 21.3%
2022 · €38,494
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€22,428-€5,206▲ 76.8%-€3,240▲ 37.8%-€3,650▼ 12.7%€8,691
Net result-€22,585-€5,195below the sector's middle half▲ 77.0%-€3,240below the sector's middle half▲ 37.6%-€3,650below the sector's middle half▼ 12.7%€8,675within the sector's middle half
Equity€50,099▼ 31.1%€44,904within the sector's middle half▼ 10.4%€41,664below the sector's middle half▼ 7.2%€38,014within the sector's middle half▼ 8.8%€46,689within the sector's middle half▲ 22.8%
Total assets€50,277▼ 50.0%€45,384below the sector's middle half▼ 9.7%€45,384below the sector's middle half=€45,384below the sector's middle half=€116,768within the sector's middle half▲ 157%
Debt€177▼ 99.4%€479▲ 170%€3,719▲ 676%€7,369▲ 98.1%€70,079▲ 851%
Working capital€47,771▼ 22.8%€44,904within the sector's middle half▼ 6.0%€41,664within the sector's middle half▼ 7.2%€38,494within the sector's middle half▼ 7.6%€46,689within the sector's middle half▲ 21.3%
Solvency99.6%▲ 27.4pp98.9%above the sector's middle half▼ 0.7pp91.8%above the sector's middle half▼ 7.1pp83.8%above the sector's middle half▼ 8.0pp40.0%within the sector's middle half▼ 43.8pp
Current ratio94.71above the sector's middle half12.20above the sector's middle half▼ 82.516.59above the sector's middle half▼ 5.621.67within the sector's middle half▼ 4.92
Return on assets (ROA)-44.9%▼ 47.3pp-11.4%below the sector's middle half▲ 33.5pp-7.1%below the sector's middle half▲ 4.3pp-8.0%below the sector's middle half▼ 0.9pp7.4%within the sector's middle half▲ 15.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €8,691 after a loss of €3,650 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €116,768
Equity
€46,689 ▲ 22.8%
Debt
€70,079 ▲ 851%
Debt's share of the balance-sheet total rises from 16.2% to 60.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.50▲
2022 · 0.19
ROE
18.6%▲
2022 · -9.6%
Debt ≤ 1 year
€70,079▲
2022 · €6,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,442 | €2,329 | - | - | - | - |
| Other operating charges640/8 | - | - | €490 | €750 | €290 | ▼ 61.4% |
| Gross operating margin9900 | -€20,324 | -€2,877 | -€2,750 | -€2,900 | €8,980 | ▲ 410% |
| Operating profit (loss)9901 | -€22,428 | -€5,206 | -€3,240 | -€3,650 | €8,691 | ▲ 338% |
| Recurring financial income75 | €44 | €11 | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €16 | - |
| Recurring financial charges65 | €7 | - | - | - | €16 | - |
| Profit (loss) for the period before taxes9903 | -€22,585 | -€5,195 | -€3,240 | -€3,650 | €8,675 | ▲ 338% |
| Profit (loss) for the period9904 | -€22,585 | -€5,195 | -€3,240 | -€3,650 | €8,675 | ▲ 338% |
| Profit (loss) for the period to be appropriated9905 | -€22,585 | -€5,195 | -€3,240 | -€3,650 | €8,675 | ▲ 338% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,277 | €45,384 | €45,384 | €45,384 | €116,768 | ▲ 157% |
| Fixed assets21/28 | €2,329 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,329 | - | - | - | - | - |
| Current assets29/58 | €47,948 | €45,384 | €45,384 | €45,384 | €116,768 | ▲ 157% |
| Amounts receivable within one year40/41 | €5,097 | €45,384 | €45,384 | €45,384 | €114,235 | ▲ 152% |
| Trade receivables40 | - | - | - | - | €106,086 | - |
| Other amounts receivable41 | - | - | €45,384 | €45,384 | €8,150 | ▼ 82.0% |
| Cash at bank and in hand54/58 | €42,851 | - | - | - | €2,532 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,277 | €45,384 | €45,384 | €45,384 | €116,768 | ▲ 157% |
| Equity10/15 | €50,099 | €44,904 | €41,664 | €38,014 | €46,689 | ▲ 22.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Reserves13 | €31,499 | €28,412 | €28,412 | €28,412 | €28,412 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | - | €1,860 | - |
| Other1319 | - | - | - | €1,860 | - | - |
| Distributable reserves133 | - | - | €26,552 | €26,552 | €26,552 | = |
| Profit (loss) carried forward14 | - | -€2,107 | -€5,347 | -€8,997 | -€323 | ▲ 96.4% |
| Amounts payable17/49 | €177 | €479 | €3,719 | €7,369 | €70,079 | ▲ 851% |
| Amounts payable within one year42/48 | €177 | €479 | €3,719 | €6,890 | €70,079 | ▲ 917% |
| Trade debts44 | - | - | €3,240 | €6,890 | €68,406 | ▲ 893% |
| Suppliers440/4 | - | - | €3,240 | €6,890 | €68,406 | ▲ 893% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,194 | - |
| Taxes450/3 | - | - | - | - | €1,194 | - |
| Other amounts payable47/48 | - | - | €479 | - | €479 | - |
| Accrued charges and deferred income492/3 | - | - | - | €479 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,585 | -€5,195 | -€3,240 | -€3,650 | €8,675 | ▲ 338% |
| + Depreciation and write-downs630 | €1,442 | €2,329 | - | - | - | - |
| Operating cash flow (approximation) | -€21,142 | -€2,866 | -€3,240 | -€3,650 | €8,675 | ▲ 338% |
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
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2023
31-12
Financial
Back to profitnet €8,675
Net result €8,675 after 4 loss-making years.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet -€22,585
Net result drops to -€22,585, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 84current ratio 270.27
Current ratio from 3.21 to 270.27; short-term debt falls from €27,939 to €177.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Fleurus · 1 establishment unit since 2009
Ground area
2,070 m²
Building footprint
449 m²
Volume, LiDAR
2,709 m³
Parcel 52072A0199/00Y002, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Master Plan Construction
since 20092.177.120.953
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52072A0199/00Y002 | Wallonia | 2,070 m² | 1 · 449 m² | 7.1 m · 2 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 29,787 companies in sector 41001 we hold annual accounts for 16,056. 13,039 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
Founded19-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Contact
Website
www.mervejeu.be
E-mail
admin@mervejeu.be
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
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