Turnover
€63,264 ▼ 66.1%
Turnover fell in 2025 from €186,611 to €63,264.
MAVI Construction
Lifetime
17 annual accounts with figures on one time axispeak €193,954 (2015)
€10,438▼ 78.2%
lowest -€17,072 (2020)
-€9,393▼ €31,390
peak €52,548 (2024)
€43,154▼ 17.9%
€113,827▲ 20.8%
peak 4.9 FTE (2017)
-not published
Board2 names since 2023
2 directorsKAZANKAYA Önder and 1 other
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Turnover from €186,611 to €63,264Gross margin from €47,867 to €10,438Loss of €9,393Equity from €52,548 to €43,154Debts from €94,231 to €113,827Cash from €6,477 to €14,918
Key points
from the 2025 annual accountsDebts
€113,827 73% of the balance sheet
Financial debts 29%Suppliers 20%Taxes and wages 5%Other 46%
Of this, €81,011 falls due within a year.
Investments
€105,679 14.6 × depreciation
Green is investment, beige is depreciation.
Payment terms
107 days to suppliers
MAVI Construction pays its suppliers 58 days later than in 2024. Customers pay 88 days later.
Filings
17 annual accounts since 2009
Six of the last ten came late. The 2023 accounts came latest: 141 days after the end of the period.
Position in the sector
-€9,393
Lower net result than 85% of companies in construction of buildings. Sector median €8,556 · 9,425 companies.
Checked score
54
Fair
Financially stronger than 23% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.7%highest value
01-2025: 4.6%▼ -2.1 percentage points vs 12-2024
02-2025: 4.7%▲ +0.1 percentage points vs 01-2025
03-2025: 5.0%▲ +0.3 percentage points vs 02-2025
04-2025: 5.1%▲ +0.1 percentage points vs 03-2025
05-2025: 5.2%▲ +0.1 percentage points vs 04-2025
06-2025: 5.0%▼ -0.2 percentage points vs 05-2025
07-2025: 4.8%▼ -0.2 percentage points vs 06-2025
08-2025: 5.3%▲ +0.5 percentage points vs 07-2025
09-2025: 6.2%▲ +0.9 percentage points vs 08-2025
10-2025: 4.2%▼ -2.0 percentage points vs 09-2025
11-2025: 4.2%● unchanged vs 10-2025
12-2025: 4.2%● unchanged vs 11-2025
01-2026: 2.1%▼ -2.1 percentage points vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.3%▲ +0.2 percentage points vs 02-2026
04-2026: 2.3%● unchanged vs 03-2026
05-2026: 2.2%▼ -0.1 percentage points vs 04-2026
06-2026: 2.2%● unchanged vs 05-2026
07-2026: 1.6%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: 1.6%● unchanged vs 07-2026lowest value
09-2026: 1.6%● unchanged vs 08-2026lowest value
10-2026: 1.6%● unchanged vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Loss of €9,393 (financial year 2025)
lowers risk
Founded in 2009
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 34% of them on solvency, 31% on liquidity, 14% on profitability and 13% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as MAVI Construction has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAVI Construction itself: 1.6% within 12 months.
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 2,166 companies, not a prediction for MAVI Construction. 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 €2,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.42 (0.33 in 2024), below 1. Short-term debt is 51.6% and cash 9.5% of total assets. 72.5% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
47 days late
2023
141 days late
2022
60 days late
2021
75 days late
2020
89 days late
2019
112 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 70 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.
Searched, nothing found (2)
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 September (4 of the last 5 accounts filed within 82 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Saint-Mard to Virton
New registered office: rue de la Victoire 1, 6760 VIRTON · Previous registered office: rue J.-F. Grange 52, 6762 SAINT-MARD · Changes of role: YILMAZ Hamza (director) and KAZANKAYA Önder (director) · Gazette deed
First establishment
Rue J.-F.-Grange,St-Mard 52, Virton
Incorporation
published on 15-06-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAVI Construction Virton | €156,981 | €10,438 | 27.5% | - |
| QUPRO Aalter | €155,259 | €11,275 | 62.8% | - |
| VWBS Pelt | €144,379 | €9,170 | 82.9% | - |
| STONE PARTNERS Namur | €151,096 | €11,316 | 28.7% | - |
| NICE HOUSE CONCEPT Pepingen | €146,623 | €9,797 | 47.2% | - |
| BOUWWERKEN RD Evergem | €178,486 | €8,999 | -31.5% | - |
| REMASTERS Rumst | €183,590 | €8,582 | 38.0% | - |
These companies have the same main activity as MAVI Construction: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €144,000 and €184,000, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 05-06-2009Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.181.600.4726762 Virton, since 01-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €156,981▲ 7.0%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on MAVI Construction
MAVI Construction files the micro format. That format states no turnover. The gross margin rose from -€2,145 in 2009 to €10,438 in 2025.
The balance sheet grew most from 2014 to 2015 through fixed assets.
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 MAVI Construction
- What is the company number of MAVI Construction?
- The company number of MAVI Construction is 0812.101.816. The VAT number is the same number with BE in front: BE 0812.101.816.
- Where is MAVI Construction based?
- The registered office is at Avenue de la Victoire 1, 6760 Virton.Company details
- What does MAVI Construction do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MAVI Construction?
- MAVI Construction is a private limited company (BV).
- When was MAVI Construction founded?
- MAVI Construction was founded on 05-06-2009.
- Is MAVI Construction still active?
- Yes, MAVI Construction is an active enterprise in the KBO register.
- How many employees does MAVI Construction have?
- MAVI Construction had an average of 2.1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of MAVI Construction?
- The turnover of MAVI Construction was €63,264 in financial year 2025, according to the filed annual accounts.
- Is MAVI Construction profitable?
- In financial year 2025, MAVI Construction made a loss of €9,393.
- Where can I find the annual accounts of MAVI Construction?
- MAVI Construction filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAVI Construction due?
- MAVI Construction 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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