Equity
€34,990 from €60,801 in 2021
Equity fell by 42% in 3 years.
MB Construct
Overview
Lifetime
6 annual accounts with figures on one time axispeak €33,551 (2021)
€8,024▼ 25.3%
lowest -€10,677 (2022)
-€7,488▲ €157
peak €60,801 (2021)
€34,990▼ 17.6%
€76,488▼ 22.0%
Board1 name since 2018
1 director
Documentsfilings and deeds
17-07-202514 days before the deadline
2024micro format
Gross margin from €10,741 to €8,024Loss of €7,488Equity from €42,479 to €34,990Debts from €98,010 to €76,488Cash from €10,559 to €21,526
Key points
from the 2024 annual accountsLosses
-€25,810 in three years
Every financial year from 2022 to 2024 closed with a loss. 2022 was the heaviest.
Turnover
≈ €110,000 estimated
The micro format states no turnover.
Filings
6 annual accounts 105 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€18,600 100 shares
Position in the sector
-€7,488
Lower net result than 85% of companies in specialised construction. Sector median €9,463 · 36,017 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,445 companies had the same profile as MB Construct has now. Each dot stands for 9 companies, two years later.
89.9%
were still trading
7.6%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,445 companies, not a prediction for MB 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 check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0712968806
Change of role: , from director, formerly manager to director
“Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €12,500 paid up · Founder: (partner) · Appointment: (manager) · published on 12-11-2018 · Gazette deed
First establishment
Buitenstraat 25, Sint-Gillis-Waas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MB Construct Sint-Gillis-Waas | €111,478 | €8,024 | 31.4% | - |
| NIM 2 Molenbeek-Saint-Jean | €96,483 | €8,392 | 89.2% | - |
| SalesKraft Schilde | €111,312 | €9,111 | 86.0% | - |
| CÉGROTEC Oostkamp | €125,068 | €8,122 | 60.5% | - |
| TEC CONCEPT Brussels | €103,155 | €10,261 | 81.6% | - |
| YIPRAMAZ Anderlecht | €108,112 | €8,467 | 79.7% | - |
| B.P.C. SERVICES Ixelles | €141,363 | €8,068 | 31.3% | - |
These companies have the same main activity as MB Construct: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €96,500 and €141,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 08-11-2018Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 3 others
- Establishment unit
- 2.281.592.1319170 Sint-Gillis-Waas, since 08-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2024
Annual accounts 2024
- €8,024▼ 25.3%
- €7,488▼ 2.0%
- €34,990▼ 17.6%
- €111,478▼ 20.6%
- Filing
- Filed on 17-07-2025
Insights on MB Construct
MB Construct files the micro format. That format states no turnover. The gross margin fell from €23,838 in 2019 to €8,024 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 17-07-2025, 14 days before the deadline2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 13 November 2026.
€8,024
▼ 25.3%
-€5,235
▲ €1,511
-€7,488
▲ €157
€1,321
▼ 91.8%
31.4%
▲ 1.2 percentage points
1.02
▼ 0.21
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €59,000 and €200,000.
Balance sheet
balance sheet total €111,478 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
31.4%
Higher than 33% of 36,050 companies in 2024.
1.02
Higher than 21% of 35,438 companies in 2024.
-6.7%
Higher than 15% of 35,625 companies in 2024.
MB Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
111,478 | 140,489 | 168,580 | 112,870 | 112,662 | 56,389 | |
21/28 |
49,143 | 53,875 | 68,172 | 39,492 | 46,613 | 20,208 | |
22/27 |
46,943 | 53,875 | 68,172 | 39,492 | 46,613 | 20,208 | |
23 |
43,807 | 53,875 | 64,113 | 30,397 | 32,624 | 1,325 | |
24 |
3,136 | - | 4,058 | 9,095 | 13,989 | 18,883 | |
28 |
2,200 | - | - | - | - | - | |
29/58 |
62,335 | 86,614 | 100,408 | 73,378 | 66,050 | 36,181 | |
3 |
11,853 | 12,585 | 27,856 | - | - | - | |
30/36 |
11,853 | 12,585 | 27,856 | - | - | - | |
40/41 |
28,957 | 62,588 | 70,294 | 72,480 | 37,920 | 12,771 | |
40 |
21,370 | 44,011 | 23,909 | 60,207 | 24,029 | 6,490 | |
41 |
7,587 | 18,577 | 46,386 | 12,273 | 13,891 | 6,280 | |
54/58 |
21,526 | 10,559 | - | - | 27,145 | 23,410 | |
490/1 |
- | 882 | 2,257 | 898 | 985 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
111,478 | 140,489 | 168,580 | 112,870 | 112,662 | 56,389 | |
10/15 |
34,990 | 42,479 | 50,124 | 60,801 | 44,234 | 27,275 | |
10/11 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
10 |
12,500 | 12,500 | 12,500 | 12,500 | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | |
13 |
48,301 | 48,301 | 48,301 | 48,301 | 31,734 | 14,775 | |
130/1 |
739 | 739 | 739 | 739 | 739 | - | |
130 |
739 | 739 | 739 | 739 | 739 | 739 | |
133 |
47,562 | 47,562 | 47,562 | 47,562 | 30,995 | 14,036 | |
14 |
-25,810 | -18,322 | -10,677 | - | - | - | |
17/49 |
76,488 | 98,010 | 118,456 | 52,069 | 68,429 | 29,114 | |
17 |
15,473 | 27,516 | 40,730 | 18,651 | 31,164 | 10,509 | |
170/4 |
15,473 | 27,516 | 40,730 | 18,651 | 31,164 | 10,509 | |
42/48 |
61,015 | 70,494 | 77,726 | 33,418 | 37,265 | 18,606 | |
42 |
12,043 | 13,214 | 16,370 | 9,007 | 5,250 | 6,172 | |
43 |
- | - | 6,633 | 5,136 | - | - | |
430/8 |
- | - | 6,633 | 5,136 | - | - | |
44 |
8,809 | 29,765 | 8,972 | 2,959 | 26,555 | 8,383 | |
440/4 |
8,809 | 29,765 | 8,972 | 2,959 | 26,555 | 8,383 | |
45 |
27,861 | 14,684 | 31,118 | 2,209 | 3,076 | 614 | |
450/3 |
4,497 | 306 | 21,628 | 2,209 | 608 | 614 | |
454/9 |
23,364 | 14,378 | 9,490 | - | 2,468 | - | |
47/48 |
12,302 | 12,831 | 14,633 | 14,107 | 2,384 | 3,437 | |
| Income statement | |||||||
9900 |
8,024 | 10,741 | 844 | 33,551 | 24,830 | 23,838 | |
630 |
12,406 | 16,214 | 10,387 | 9,378 | 7,092 | 6,243 | |
640/8 |
852 | 1,272 | 568 | 843 | 308 | 444 | |
9901 |
-5,235 | -6,745 | -10,111 | 23,330 | 17,429 | 17,152 | |
75/76B |
77 | 658 | 720 | 7 | 2,769 | 370 | |
75 |
77 | 658 | 720 | 7 | 6 | 370 | |
76B |
- | - | - | - | 2,763 | - | |
65/66B |
2,330 | 1,558 | 1,286 | 1,180 | 461 | 304 | |
65 |
2,330 | 1,558 | 1,286 | 1,180 | 461 | 304 | |
9903 |
-7,488 | -7,645 | -10,677 | 22,157 | 19,737 | 17,218 | |
67/77 |
- | - | - | 5,590 | 2,778 | 2,443 | |
9904 |
-7,488 | -7,645 | -10,677 | 16,567 | 16,959 | 14,775 | |
9905 |
-7,488 | -7,645 | -10,677 | 16,567 | 16,959 | 14,775 | |
| Appropriation of the result | |||||||
9906 |
-25,810 | -18,322 | -10,677 | 16,567 | 16,959 | 14,775 | |
14P |
-18,322 | -10,677 | - | - | - | - | |
691/2 |
- | - | - | 16,567 | 16,959 | 14,775 | |
6920 |
- | - | - | - | - | 739 | |
6921 |
- | - | - | 16,567 | 16,959 | 14,036 | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 17-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 17-07-2025 | 2025-00282797 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00250771 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00400940 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20267919 | |
| 31-12-2020 | micro format | 30-11-2021 | 2021-79200406 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-68000218 |
Subsidies and aid
Flemish government 2023, 1 entry, €32 awarded, €32 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| 7,171 | 9,469 | 276 | 32,708 | 24,522 | 23,395 | ||
| 4,917 | 8,569 | -290 | 25,945 | 24,051 | 21,017 | ||
| 7,673 | 1,917 | 38,790 | 2,257 | 33,497 | 26,451 | ||
| 10,966 | - | - | - | 3,735 | - | ||
| 1,321 | 16,120 | 22,682 | 39,960 | 28,785 | 17,575 | ||
| 31.4% | 30.2% | 29.7% | 53.9% | 39.3% | 48.4% | ||
| 1.02 | 1.23 | 1.29 | 2.20 | 1.77 | 1.94 | ||
| 0.83 | 1.05 | 0.93 | 2.20 | 1.77 | 1.94 | ||
| 2.19 | 2.31 | 2.36 | 0.86 | 1.55 | 1.07 | ||
| -21.4% | -18.0% | -21.3% | 27.2% | 38.3% | 54.2% | ||
| -6.7% | -5.4% | -6.3% | 14.7% | 15.1% | 26.2% | ||
| 3.08 | 6.08 | 0.21 | 27.73 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €5,473 | €1,917 | €38,790 | €2,257 |
| Financial fixed assets | €2,200 | - | - | - |
| €12,406 | €16,214 | €10,387 | €9,378 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on MB Construct
The operating result for 2024 is a loss of €5,235, smaller than the loss of €6,745 in 2023.
Debt's share of the balance-sheet total falls from 69.8% to 68.6%. Equity and debt are lower.
Board & ownership
Board
1 director, no change since 2023Director (not named in the articles)
appointed by deed of 14-12-2023
term without a fixed end
earlier director, formerly manager, until 14-12-2023
listed in the 2024 annual accounts, filed on 17-07-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “7. Bestuur : De vennootschap wordt bestuurd door één of meer zaakvoerders, al dan niet vennoten. De enige zaakvoerder, of bij meerdere…”deed of 12-11-2018
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
BoardEarlier
Mandates as a list
-
- Manager, appointed by deed of 12-11-2018, until 14-12-2023
- Director (not named in the articles), appointed by deed of 14-12-2023, still in office
Control
Founder
This company
MB Construct
Equity €34,990
Loss €7,488 in 2024
Capital
- Contribution
- €12,500
- Shares
- 100
- Contribution per share
- €125
- Equity per share
- €350 in 2024
- Source
- 2024 annual accounts
Articles of association
deed of 14-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 19:00
Shareholders
At incorporation
deed of 12-11-2018 ↗
- 100 shares (100%) · €18,600
Capital transactions
Capital over time
- 14-12-2023 Converted to unavailable equity · €13,239
- 12-11-2018 Incorporation · €18,600 · 100 shares
Network & group
No group
MB Construct has no parent and no holdings in its annual accounts. is the only director. MB Construct shares no director with another company.
Timeline
Timeline
12 events since 2018Board
Filings
Financial
Establishments
20182020202220242026
2025
Annual accounts 2024 filed PDFmicro format · 14 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0712968806
Annual accounts 2023 filed PDFmicro format · 15 days before the deadline
2023
Change of role: , from director, formerly manager to director“Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company6 points ▸
- Legal-form conversion, from private limited company (pre-2019) to private limited company
- Purpose change, “Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische, sociale, informatieve, financiële, technische en…” (deed in Dutch)
- Director resignation, (director, formerly manager)
- Director appointment, (director (not named in the articles))
- 100 shares
- Registered office clause, Buitenstraat 25, 9170 Sint-Gillis-Waas
- The deed holds 5 more points.
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Weakest financial year net -€10,677 The net result drops to -€10,677, the lowest from 2019 to 2024. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 4 days late
2021
Annual accounts 2020 filed PDFmicro format · 122 days late
2020
Highest result from 2019 to 2024 net €16,959 ▲14.8% The net result of €16,959 is the highest of those years.
Annual accounts 2019 filed PDFmicro format · 92 days late
2018
IncorporationFounding capital of €18,600, 100 shares, €12,500 paid up · Founder: (partner) · Appointment: (manager) · published on 12-11-20183 points ▸
- Founder, (partner)
- Founding capital, €18,600, 100 shares
- Director appointment, (manager)
- The deed holds 1 more point.
First establishment Buitenstraat 25, Sint-Gillis-Waas
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0712.968.806
- VAT number
- BE 0712.968.806
- Peppol ID
- 0208:0712968806
- Other Peppol ID
- 9925:BE0712968806
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-11-2018
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 19:00deed of 14-12-2023 (in Dutch)
- Peppol
- Reachable since 28-11-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MB Construct in Dutch
- Trade name
- Besloten vennootschap met beperkte aansprakelijkheid in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-12-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- MB Constructdeed of 14-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-12-2023 (in Dutch)
Activities
NACEBEL 202543990
Other specialised construction activities main activity
47522
Retail trade
Codes under NACEBEL 2008
43999
Specialised construction activities main activity
43390
Specialised construction activities
47521
Retail trade
47522
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische, sociale, informatieve…”deed of 14-12-2023 (in Dutch)
11 activities
- Het verlenen van diensten, prestaties, bijstand en adviezen aan derden van administratieve, organisatorische, sociale, informatieve, financiële, technische en commerciële aard, evenals het vervullen in naam en voor rekening van derden, van de verplichtingen en formaliteiten ter uitvoering ervan; in de ruimste zin, dienstverlening met betrekking tot bedrijfsbeleid, management, consultancy, en alles wat daarmee rechtstreeks en onrechtstreeks verband houdt.
- Het aangaan of toestaan van leningen en kredietopeningen aan rechtspersonen, ondernemingen en particulieren, onder om het even welke vorm; in dit kader kan zij zich borg stellen of haar aval verlenen, in de meest ruimte zin, alle financiële operaties verrichten.
- Het deelnemen aan het bestuur en directie van vennootschappen of ondernemingen, ongeacht het voorwerp dat deze hebben en dit zelfs in de hoedanigheid van bestuurder of vereffenaar van deze vennootschappen of ondernemingen.
- Het beheer en toezicht voeren over alle andere vennootschappen en ondernemingen van welke aard ook; het geven van adviezen en het verlenen van bijstand in verband met problemen van beheer; leiding en uitbating van bedrijven in de ruimste zin van het woord.
- Het optreden als bemiddelaar, agent, commissionair en promotor inzake alle mogelijke handelsverrichtingen, en optreden als tussenpersoon in de handel van alle mogelijke koopwaren met alle eraan verbonden transacties en activiteiten.
- De vennootschap zal alle burgerlijke, industriële, commerciële, financiële, roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp, die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden, en die daartoe noodzakelijk, nuttig of bevorderend zijn.
- Zij kan zich borg stellen voor rechtspersonen, ondernemingen en particulieren voor alle kredietvormen die aan de voormelde derden worden toegestaan.
- Het beroep van schrijnwerker
- Algemene renovatiewerken in de bouwsector
- Aan- en verkoop van bouwmaterialen
- Alle dakwerken
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Buitenstraat 25 registered office 9170 Sint-Gillis-Waas 43320 Joinery installation | 08-11-2018 | 2.281.592.131 |
Buildings and parcels at the address
- Ground area
- 441 m²
- Buildings
- 135 m²
- Volume, LiDAR
- 941 m³
- Tallest building
- 11.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46020B0003/00S005 | 441 m² | 1 · 135 m² | 11.0 m · 3 |
Contact
E-mail
bogaertmichiel@gmail.com establishment in Sint-Gillis-Waas
Phone
+32 494 37 75 66 establishment in Sint-Gillis-Waas
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0712.968.806