MAV CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MAV CONSTRUCT is 2.4% (moderate). The 2025 annual accounts show equity of €48,035 and a net result of €33,856. Equity is growing by ~161.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+18
Solvency39▲+1
Growth85=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.34 in 2024; short-term debt: 71.9% and cash: 55.5% of total assets), and 86.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
14 d late
2023
36 d early
2022
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€772,642▲ 63.3%
2023 · €473,132
EBIT margin
2.0%▲ 0.6pp
2023 · 1.4%
Net result
€33,856▲ 226%
2024 · €10,397
Working capital
€40,031▲ 15.9%
2024 · €34,530
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€238,044-€473,132▲ 98.8%€772,642▲ 63.3%
Operating result€4,012-€6,476▲ 61.4%€15,238▲ 135%€43,720▲ 187%
Net result€2,360-€4,422▲ 87.3%€10,397▲ 135%€33,856▲ 226%
EBIT margin1.7%-1.4%▼ 0.3pp2.0%▲ 0.6pp
Equity€2,360-€8,782▲ 272%€19,179▲ 118%€48,035▲ 150%
Total assets€60,617-€56,811▼ 6.3%€144,772▲ 155%€346,086▲ 139%
Debt€58,256-€48,029▼ 17.6%€125,593▲ 161%€298,051▲ 137%
Working capital-€2,103--€23▲ 98.9%€34,530€40,031▲ 15.9%
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 has risen three years in a row; 2025 is 187% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346,086
Fixed assets
€57,114 ▲ 560%
Current assets
€288,972 ▲ 112%
Equity and liabilities €346,086
Equity
€48,035 ▲ 150%
Debt
€298,051 ▲ 137%
Debt's share of the balance-sheet total falls from 86.8% to 86.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,062▲
2024 · €24,883
Cash flow
€44,198▲
2024 · €20,042
Current ratio
1.16▼
2024 · 1.34
Debt to equity
6.20▼
2024 · 6.55
ROE
70.5%▲
2024 · 54.2%
ROA
9.8%▲
2024 · 7.2%
Interest coverage
40.77▼
2024 · 78.48
Debt ≤ 1 year
€248,941▲
2024 · €101,593
Debt > 1 year
€49,110▲
2024 · €24,000
Income taxes
€8,943▲
2024 · €4,597
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €238,044 | €473,132 | €772,642 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €230,720 | €462,863 | €746,870 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,167 | €3,019 | €9,645 | €10,341 | ▲ 7.2% |
| Other operating charges640/8 | €144 | €774 | €889 | €6,697 | ▲ 653% |
| Gross operating margin9900 | €7,323 | €10,269 | €25,772 | €60,759 | ▲ 136% |
| Operating profit (loss)9901 | €4,012 | €6,476 | €15,238 | €43,720 | ▲ 187% |
| Financial income75/76B | - | - | €73 | €405 | ▲ 453% |
| Recurring financial income75 | - | - | €73 | €405 | ▲ 453% |
| Financial charges65/66B | €747 | €108 | €317 | €1,326 | ▲ 318% |
| Recurring financial charges65 | €747 | €108 | €317 | €1,326 | ▲ 318% |
| Profit (loss) for the period before taxes9903 | €3,265 | €6,368 | €14,994 | €42,799 | ▲ 185% |
| Income taxes67/77 | €905 | €1,947 | €4,597 | €8,943 | ▲ 94.5% |
| Profit (loss) for the period9904 | €2,360 | €4,422 | €10,397 | €33,856 | ▲ 226% |
| Profit (loss) for the period to be appropriated9905 | €2,360 | €4,422 | €10,397 | €33,856 | ▲ 226% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60,617 | €56,811 | €144,772 | €346,086 | ▲ 139% |
| Fixed assets21/28 | €4,463 | €8,804 | €8,649 | €57,114 | ▲ 560% |
| Tangible fixed assets22/27 | €4,433 | €8,774 | €8,619 | €57,084 | ▲ 562% |
| Plant, machinery and equipment23 | - | €2,119 | €1,637 | €2,938 | ▲ 79.5% |
| Furniture and vehicles24 | €4,433 | €6,656 | €6,983 | €54,146 | ▲ 675% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €56,153 | €48,007 | €136,123 | €288,972 | ▲ 112% |
| Amounts receivable within one year40/41 | €54,403 | €22,638 | €48,931 | €93,761 | ▲ 91.6% |
| Trade receivables40 | €54,178 | €18,494 | €35,049 | €62,066 | ▲ 77.1% |
| Other amounts receivable41 | €225 | €4,144 | €13,882 | €31,695 | ▲ 128% |
| Cash at bank and in hand54/58 | €1,751 | €25,369 | €87,192 | €192,074 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | - | €3,137 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60,617 | €56,811 | €144,772 | €346,086 | ▲ 139% |
| Equity10/15 | €2,360 | €8,782 | €19,179 | €48,035 | ▲ 150% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | - | - | - | €2,000 | - |
| Other1109/19 | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | €2,360 | €6,782 | €17,179 | €46,035 | ▲ 168% |
| Amounts payable17/49 | €58,256 | €48,029 | €125,593 | €298,051 | ▲ 137% |
| Amounts payable after more than one year17 | - | - | €24,000 | €49,110 | ▲ 105% |
| Financial debts170/4 | - | - | €24,000 | €49,110 | ▲ 105% |
| Amounts payable within one year42/48 | €58,256 | €48,029 | €101,593 | €248,941 | ▲ 145% |
| Trade debts44 | €57,352 | €40,833 | €94,146 | €110,489 | ▲ 17.4% |
| Suppliers440/4 | €24,381 | €2,341 | €36,347 | €110,489 | ▲ 204% |
| Bills of exchange payable441 | €32,971 | €38,492 | €57,799 | - | - |
| Advances received on contracts in progress46 | - | - | - | €107,715 | - |
| Taxes, remuneration and social security45 | €905 | €7,196 | €7,447 | €25,738 | ▲ 246% |
| Taxes450/3 | €905 | €1,447 | €4,597 | €18,047 | ▲ 293% |
| Remuneration and social security454/9 | - | €5,749 | €2,850 | €7,690 | ▲ 170% |
| Other amounts payable47/48 | - | - | - | €5,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,360 | €4,422 | €10,397 | €33,856 | ▲ 226% |
| + Depreciation and write-downs630 | €3,167 | €3,019 | €9,645 | €10,341 | ▲ 7.2% |
| Operating cash flow (approximation) | €5,527 | €7,440 | €20,042 | €44,198 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€7,360 | -€9,490 | -€58,806 | ▼ 520% |
| Change in cash | - | €23,618 | €61,823 | €104,882 | ▲ 69.6% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €33,856 ▲226%
Operating result €43,720, net result €33,856, both a record.
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated 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, Wemmel · 1 establishment unit since 2021
Ground area
266 m²
Building footprint
120 m²
Volume, LiDAR
1,358 m³
Parcel 22662B0379/00B002, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MAV CONSTRUCT
since 20212.318.018.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0379/00B002 | Flanders | 266 m² | 1 · 120 m² | 16.2 m · 4 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.
Similar companies · same sector, comparable size
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DE POOLDOKTER
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,060 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
Founded30-03-2021
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.