MB. Construct
ActiveSummary
The computed 12-month bankruptcy probability of MB. Construct is 2.1% (moderate). The 2025 annual accounts show equity of €115k and a net result of €16k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 27786 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-6
Solvency63▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 15.86 against 7.8 in 2024; short-term debt: 2.4% and cash: 23.1% of total assets), but 62.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.9%
Return on assets
5.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
152 d late
2022
3 d early
2021
2 d early
2020
12 d early
← 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
€115k▲ 16.4%
2024 · €99k
2020: €20k
2021: €58k
2022: €68k
2023: €74k
2024: €99k
2020 → 2025
Total assets
€304k▲ 13.5%
2024 · €268k
2020: €41k
2021: €82k
2022: €83k
2023: €86k
2024: €268k
2020 → 2025
Net result
€16k▼ 36.2%
2024 · €25k
2020: €10k
2021: €39k
2022: €9k
2023: €6k
2024: €25k
2020 → 2025
Working capital
€108k▲ 28.3%
2024 · €84k
2020: €5k
2021: €48k
2022: €60k
2023: €71k
2024: €84k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€68k▲ 15.8%€74k▲ 9.2%€99k▲ 34.5%€115k▲ 16.4%
Operating result€51k-€12k▼ 76.4%€7k▼ 43.2%€33k▲ 379%€21k▼ 35.8%
Net result€39k-€9k▼ 76.2%€6k▼ 32.8%€25k▲ 312%€16k▼ 36.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304k
Fixed assets
€189k ▲ 10.2%
Current assets
€115k ▲ 19.4%
Equity and liabilities €304k
Equity
€115k ▲ 16.4%
Debt
€189k ▲ 11.8%
Debt's share of the balance-sheet total falls from 63.0% to 62.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €53k
Cash flow
€36k▼
2024 · €46k
Current ratio
15.86▲
2024 · 7.80
Debt to equity
1.64▼
2024 · 1.70
ROE
14.1%▼
2024 · 25.7%
ROA
5.3%▼
2024 · 9.5%
Interest coverage
8.39▲
2024 · 7.05
Debt ≤ 1 year
€7k▼
2024 · €12k
Debt > 1 year
€182k▲
2024 · €157k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€268k€304k▲
Fixed assets21/28€172k€189k▲
Tangible fixed assets22/27€172k€189k▲
Land and buildings22€171k€152k▼
Furniture and vehicles24€826€38k▲
Financial fixed assets28€173€173=
Current assets29/58€96k€115k▲
Amounts receivable within one year40/41€13k€18k▲
Trade receivables40€4k€2k▼
Other amounts receivable41€10k€16k▲
Cash at bank and in hand54/58€81k€70k▼
Deferred charges and accrued income490/1€1k€26k▲
Equity and liabilities
Total equity and liabilities10/49€268k€304k▲
Equity10/15€99k€115k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€89k€105k▲
Amounts payable17/49€169k€189k▲
Amounts payable after more than one year17€157k€182k▲
Financial debts170/4€157k€182k▲
Amounts payable within one year42/48€12k€7k▼
Current portion of amounts payable after more than one year42€12k-
Trade debts44€698€7k▲
Suppliers440/4€698€7k▲
Taxes, remuneration and social security45€46€64▲
Remuneration and social security454/9€46€64▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€25k€148▼
Non-recurring operating charges66A€63-
Gross operating margin9900€78k€41k▼
Operating profit (loss)9901€33k€21k▼
Financial income75/76B€355€160▼
Recurring financial income75€355€160▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€25k€16k▼
Profit (loss) for the period9904€25k€16k▼
Profit (loss) for the period to be appropriated9905€25k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€105k▲
Profit (loss) brought forward from the previous period14P€64k€89k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 15.86
Current ratio from 7.80 to 15.86; short-term debt falls from €12k to €7k.
31-12
Financial
Equity above €100kEq €115k ▲16.4%
6 profitable years in a row build equity to €115k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 152 days late
2023
31-12
Financial
Weakest financial yearnet €6k ▼32.8%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €39k ▲299%
Operating result €51k, net result €39k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.01
Current ratio from 1.22 to 3.01.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Waremme · 1 establishment unit since 2020
Ground area
414 m²
Building footprint
100 m²
Volume, LiDAR
716 m³
Parcel 64074A0240/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MB. Construction
since 20202.297.606.534
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074A0240/00G000 | Wallonia | 414 m² | 1 · 100 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,648 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43110Demolition
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.