MBK CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MBK CONSTRUCT is 1.9% (moderate). The 2024 annual accounts show equity of €122,087 and a net result of €20,333. Equity has been growing by about 23% per year since 2018. Its solvency ranks better than 92% of 9,909 sector peers (NACE 43, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-05-2014 Normal situation
- Activity
- Plumbing work NACE 43221and 2 others
- Establishment unit
- 2.231.193.505 1020 Brussel, since 10-06-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Turnover
- €258,767
- ▲ 10.2%
- Profit
- €20,333
- Equity
- €122,087
- ▲ 20.0%
- Total assets
- €132,919
- ▲ 3.9%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskSize: turnover €258,767, total assets €132,919Figures for financial year 2024 (filed on 01-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 59 days late; 2 of the last 3 accounts latelowers riskLiquidity: current ratio 11.71, cash €20,280Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 90% of them on solvency, 68% on liquidity, 66% on profitability and 64% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 43 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 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 4 November 2026.
Annual accounts 2024 filed on 28-09-2025 PDF all 11 filings
Every figure per financial year
The operating result for 2024 is a profit of €25,913, after a loss of €4,719 in 2023.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €12,291 | - | - | - |
| Depreciation and write-downs of the year | €4,209 | €7,607 | €10,122 | €9,776 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €192,633 | €221,493 | €305,475 | €417,932 | €316,872 | €234,792 | €258,767 | ▲ 10.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €345,822 | €291,190 | €224,669 | €220,659 | ▼ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,838 | €3,870 | €3,870 | €4,209 | €7,607 | €10,122 | €9,776 | ▼ 3.4% |
| Other operating charges640/8 | - | - | - | €2,653 | €2,028 | €4,720 | €2,419 | ▼ 48.7% |
| Gross operating margin9900 | €6,840 | €23,339 | €19,015 | €72,109 | €25,682 | €10,123 | €38,108 | ▲ 276% |
| Operating profit (loss)9901 | €4,059 | €18,062 | €11,469 | €65,248 | €16,046 | -€4,719 | €25,913 | - |
| Financial income75/76B | - | - | - | €30 | €393 | €23 | €163 | ▲ 620% |
| Recurring financial income75 | - | - | €17 | €30 | €47 | €23 | €1 | ▼ 96.5% |
| Non-recurring financial income76B | - | - | - | €30 | €346 | €23 | €163 | ▲ 616% |
| Financial charges65/66B | - | - | - | €2,111 | €1,303 | €1,411 | €1,854 | ▲ 31.4% |
| Recurring financial charges65 | - | €40 | €145 | €726 | €730 | €761 | €782 | ▲ 2.8% |
| Non-recurring financial charges66B | - | - | - | €1,385 | €573 | €650 | €1,072 | ▲ 65.0% |
| Profit (loss) for the period before taxes9903 | €3,963 | €17,626 | €10,013 | €63,167 | €15,136 | -€6,108 | €24,222 | - |
| Income taxes67/77 | €1,693 | €1,936 | - | €4,265 | €3,106 | €18,416 | €3,889 | ▼ 78.9% |
| Profit (loss) for the period9904 | €2,270 | €15,690 | €10,013 | €58,901 | €12,030 | -€24,523 | €20,333 | - |
| Profit (loss) for the period to be appropriated9905 | €2,270 | €15,690 | €10,013 | €58,901 | €12,030 | -€24,523 | €20,333 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €32,200 | €62,953 | €71,742 | €155,426 | €152,129 | €127,871 | €132,919 | ▲ 3.9% |
| Fixed assets21/28 | €5,420 | €11,900 | €8,030 | €20,321 | €17,739 | €14,683 | €6,105 | ▼ 58.4% |
| Tangible fixed assets22/27 | €5,395 | €11,875 | €8,005 | €20,296 | €17,714 | €14,658 | €6,080 | ▼ 58.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,208 | €799 | ▼ 33.8% |
| Furniture and vehicles24 | - | - | - | €20,296 | €17,714 | €13,450 | €5,281 | ▼ 60.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €26,780 | €51,053 | €63,712 | €135,105 | €134,390 | €113,188 | €126,814 | ▲ 12.0% |
| Stocks and contracts in progress3 | €2,500 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20,916 | €36,700 | €41,650 | €104,821 | €104,246 | €96,244 | €106,534 | ▲ 10.7% |
| Trade receivables40 | - | - | - | €90,869 | €74,953 | €72,397 | €80,253 | ▲ 10.9% |
| Other amounts receivable41 | - | - | - | €13,952 | €29,293 | €23,847 | €26,281 | ▲ 10.2% |
| Cash at bank and in hand54/58 | €3,364 | €14,353 | €22,062 | €30,284 | €30,144 | €16,944 | €20,280 | ▲ 19.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €32,200 | €62,953 | €71,742 | €155,426 | €152,129 | €127,871 | €132,919 | ▲ 3.9% |
| Equity10/15 | €29,642 | €45,332 | €55,345 | €114,246 | €126,277 | €101,754 | €122,087 | ▲ 20.0% |
| Contributions10/11 | €9,200 | €9,200 | - | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Contributions outside capital11 | - | - | - | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Share premium1100/10 | - | - | - | €9,200 | €9,200 | €9,200 | €9,200 | = |
| Reserves13 | €110 | €880 | €880 | €880 | €880 | €880 | €880 | = |
| Non-distributable reserves130/1 | - | - | - | €880 | €880 | €880 | €880 | = |
| Reserves not available under the articles1311 | - | - | - | €880 | €880 | €880 | €880 | = |
| Profit (loss) carried forward14 | €20,332 | €35,252 | €45,265 | €104,166 | €116,197 | €91,674 | €112,007 | ▲ 22.2% |
| Amounts payable17/49 | €2,558 | €17,621 | €16,397 | €41,179 | €25,852 | €26,117 | €10,832 | ▼ 58.5% |
| Amounts payable within one year42/48 | €2,558 | €17,621 | €16,397 | €41,179 | €25,852 | €26,117 | €10,832 | ▼ 58.5% |
| Trade debts44 | €366 | €6,211 | €3,744 | €26,686 | €8,804 | €11,990 | €3,352 | ▼ 72.0% |
| Suppliers440/4 | - | - | - | €26,686 | €8,804 | €11,990 | €3,352 | ▼ 72.0% |
| Advances received on contracts in progress46 | - | - | - | €320 | €4,998 | €4,998 | €4,998 | = |
| Taxes, remuneration and social security45 | - | - | - | €10,749 | €6,509 | €3,015 | €1,936 | ▼ 35.8% |
| Taxes450/3 | - | - | - | €4,975 | €735 | €891 | €3 | ▼ 99.7% |
| Remuneration and social security454/9 | - | - | - | €5,774 | €5,774 | €2,123 | €1,933 | ▼ 9.0% |
| Other amounts payable47/48 | - | - | - | €3,425 | €5,542 | €6,115 | €546 | ▼ 91.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,270 | €15,690 | €10,013 | €58,901 | €12,030 | -€24,523 | €20,333 | - |
| + Depreciation and write-downs630 | €1,838 | €3,870 | €3,870 | €4,209 | €7,607 | €10,122 | €9,776 | ▼ 3.4% |
| Operating cash flow (approximation) | €4,108 | €19,560 | €13,883 | €63,110 | €19,637 | -€14,401 | €30,109 | - |
| Investment in fixed assets (approximation) | - | -€10,350 | €0 | -€16,500 | -€5,025 | -€7,066 | -€1,198 | ▲ 83.0% |
| Change in cash | - | €10,989 | €7,709 | €8,222 | -€139 | -€13,200 | €3,336 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as MBK CONSTRUCT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of MBK CONSTRUCT itself is higher: 1.9% within 12 months. It rests on far more data about MBK CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for MBK 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.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-09-2025 | 2025-00520173 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00483170 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00399348 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20450681 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-63800492 | |
| 31-12-2019 | full format | 21-08-2020 | 2020-44500078 | |
| 31-12-2018 | full format | 06-08-2019 | 2019-44500223 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-59400243 | |
| 31-12-2016 | full format | 10-08-2017 | 2017-43100032 | |
| 31-12-2015 | full format | 08-08-2016 | 2016-41200293 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-12-2025 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BOUDRIM Mohamed |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Portée aux frais généraux, indépendamment des frais de représentation, voyages et déplacements, assemblée générale décide si mandat exercé…”
Articles of association, deed of 24-12-2025 (in French)
Network & group
MBK CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MBK CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-12
Gazette deed
Resignation: BOUDRIM Mohamed (manager)Reappointment: BOUDRIM Mohamed (director) · Legal-form conversion · Capital conversion11 points ▸
- General meeting, 17-12-2025
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “disponible pour des distributions futures” (deed in French)
- Amendment of the articles
- Capital
- Registered office clause, “1020 Bruxelles,rue Ter Plast 95”, 4 (deed in French)
- Director resignation, BOUDRIM Mohamed (manager)
- Director reappointment, BOUDRIM Mohamed (director (not named in the articles))
- Director discharge, BOUDRIM Mohamed
- Power of attorney, Guy Descamps
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- L'achat, la vente, l'importation, l'exportation, le commerce de gros et de détail, le commerce ambulant ainsi que les marchés publics de tous produits se rapportant directement ou indirectement aux activités ciaprès décrites
- Les activités liées directement ou indirectement à l'HORECA, telles que restaurants, débits de boissons, salon de consommation, snacks bar, pizzeria, sandwicherie, salons de thé, cafétérias, café, estaminets, tavernes, bars, friteries, hôtels, motels, fiathôtels, maison de logements, services traiteurs, organisation de banquet
- La distribution de produits d'alimentation générale, de boissons alcoolisées ou non, de liqueurs et de produits de tabacs, de vêtements, de tous produits textiles, de tissus, de cuirs, de vêtements pour hommes, pour dames, enfants, d'articles accessoires de coutures, de tous produits relatifs aux sports
- Tout type de transport terrestre, de personnes et de choses, tels que services de messagerie, transport, spécialisé et autres, service limousine et autres
- Toutes activités relatives à la sécurité tant au niveau des biens meubles, immeubles et des personnes, le conseil et la coordination en Sécurité et Santé sur les chantiers temporaires ou mobiles, le gardiennage
- Le nettoyage et la désinfection de maisons et de locaux, entretien de surface, entretien et restauration de meubles, ameublement et objets divers ; l'entreprise de lavage de vitres
- L'exploitation d'une crèche avec toutes les activités y afférent
- L'entreprise du bâtiment (immeubles d'habitation, industriels ou commerciaux), sans limitation d'activité, en ce compris l'entreprise générale, et à titre exemplatif mais non limitatif : Création de plans et schémas techniques, coupes, perspectives isométriques et détaillées, la construction, la transformation, l'achèvement, l'aménagement, la réparation, l'entretien, le nettoyage, le ferraillage du béton le traitement et la démolition d'immeubles ainsi que toutes opérations comportant à la fois la fourniture d'un bien meuble et son placement dans un immeuble de telle manière que ce bien meuble devienne immeuble par nature, toutes opérations relatives à un bureau d'études de stabilité, d'EIVAC, de sanitaires, d'électricité et acoustique qui serait chargé notamment de l'établissement d'études, plans, coordination en ces domaines ; Toutes installations générales électriques (installations et raccords de tableaux divisionnaire haute et basse tension, groupes électrogènes, etc.) ainsi que l'éclairage pour aménagement extérieur, toutes installations électriques de mécanisme de protection contre le vol et l'incendie, toutes installations de sanitaire, de plomberie, de toitures et toutes autres installations techniques similaires, toutes opérations comportant à la fois la fabrication, la fourniture, la fixation et l'installation de châssis, de volets, de persiennes, de hottes, de ventilateurs, d'armoires de rangement en bois, aluminium, PVC et en toutes matières quelconques sans que cette liste ne soit exhaustive, la fabrication, l'achat, la vente en gros ou détail et la commercialisation en général des matériels, nécessaires à la construction ou à la rénovation d'immeubles, l'activité d'intermédiaire dans de telles opérations l'entreprise de nettoyage et de désinfection de maisons et de locaux, meubles, ameublement et objets divers, l'entreprise d'installation d'échafaudages, de rejointoiement et de nettoyage de façades, toutes activités en rapport avec la manutention et le déménagement, les activités relatives aux promoteurs immobiliers c'està-dire, l'achat, la construction, la location, la vente d'immeubles ou de terrains bâtis ou non bâtis, la gérance et l'administration de toutes constructions privées, commerciale, industrielle ou publique
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 0552.938.107
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21816C0233/00A007 | Brussels | 97 m² | 1 · 80 m² | 14.7 m · 4 |