Equity
Equity rose in 2025 from €267,199 to €334,338.
Equity rose in 2025 from €267,199 to €334,338.
The micro format states no turnover.
In 2025, 1 person joined and nobody left.
Short-term debts fell from €2.2m to €373,894.
More equity than 92% of companies in specialised construction. Sector median €57,715 · 35,131 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 50% of them on solvency, 23% on liquidity, 60% on profitability and 72% 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 39,278 companies had the same profile as MCV CONSTRUCT has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MCV CONSTRUCT itself: 0.4% within 12 months.
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 39,278 companies, not a prediction for MCV 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.
Liquidity is ample, with a current ratio of 1.95 (1.12 in 2024), above the usual 1.5. Short-term debt is 51.3% and cash 8.6% of total assets. However, 54.1% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 4 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.
| Company | ||||
|---|---|---|---|---|
| MCV CONSTRUCT Sint-Pieters-Leeuw | €728,331 | €224,198 | 45.9% | - |
| ISOLEXPERTISE Kraainem | €800,029 | €266,730 | 12.4% | 3.8 |
| EFC CONSULT Charleroi | €700,452 | €256,609 | 20.5% | - |
| AcoustX Pelt | €767,003 | €162,366 | 13.5% | - |
| BLOXI Berchem-Sainte-Agathe | €598,191 | €301,760 | 70.3% | 2.4 |
| BENHOTCOOL Saint-Ghislain | €654,440 | €335,393 | 51.7% | - |
| MULTI TECHNICS SERVICES Sint-Pieters-Leeuw | €863,748 | €460,364 | 49.4% | - |
These companies have the same main activity as MCV CONSTRUCT: insulation installation (NACE 43230). They are comparable in size and age: total assets between €598,000 and €864,000, founded between 2022 and 2023.
MCV CONSTRUCT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334,338 and a net result of €67,139.
Its solvency ranks better than 49% of 35,119 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €700,000. Estimated: probably between €560,000 and €850,000.
Higher than 49% of 35,119 companies in 2025.
Higher than 53% of 34,493 companies in 2025.
Higher than 56% of 34,694 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
728,331 | 2.5m | |
21/28 |
604 | 1,026 | |
22/27 |
454 | 876 | |
24 |
454 | 876 | |
28 |
150 | 150 | |
29/58 |
727,727 | 2.5m | |
40/41 |
664,828 | 2.4m | |
40 |
658,791 | 2.4m | |
41 |
6,037 | 5,185 | |
54/58 |
62,900 | 21,879 | |
| Balance sheet: equity and liabilities | |||
10/49 |
728,331 | 2.5m | |
10/15 |
334,338 | 267,199 | |
14 |
334,338 | 267,199 | |
17/49 |
393,993 | 2.2m | |
42/48 |
373,894 | 2.2m | |
44 |
304,804 | 2.1m | |
440/4 |
304,804 | 2.1m | |
45 |
69,091 | 100,259 | |
450/3 |
45,481 | 76,639 | |
454/9 |
23,610 | 23,620 | |
492/3 |
20,099 | - | |
| Income statement | |||
9900 |
224,198 | 230,591 | |
62 |
138,088 | 120,540 | |
630 |
422 | 391 | |
640/8 |
1,256 | - | |
9901 |
84,431 | 109,660 | |
75/76B |
67 | 38 | |
75 |
67 | 38 | |
65/66B |
121 | 193 | |
65 |
121 | 193 | |
9903 |
84,377 | 109,505 | |
67/77 |
17,238 | 22,418 | |
9904 |
67,139 | 87,087 | |
9905 |
67,139 | 87,087 | |
| Appropriation of the result | |||
9906 |
334,338 | 267,199 | |
14P |
267,199 | 180,112 | |
| Social balance sheet | |||
9087 |
3.1 | 2.4 | |
Hours worked1013 |
4,268 | 3,526 | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.
2025 annual accounts filed 20 days after the deadline. Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430831.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 84,854 | 110,051 | ||
| 67,562 | 87,478 | ||
| 0 | 1,417 | ||
| 41,021 | - | ||
| 353,833 | 266,173 | ||
| 45.9% | 10.9% | ||
| 1.95 | 1.12 | ||
| 1.18 | 8.20 | ||
| 20.1% | 32.6% | ||
| 9.2% | 3.5% | ||
| over 100 | over 100 |
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.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 3 |
| full-time | 4 | 3 |
| in full-time equivalents | 4 | 3 |
| 3.1 | 2.4 | |
| On a permanent contract | 3 | 3 |
| Joined | 1 | 3 |
| Left | 0 | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €1,267 |
| Financial fixed assets | - | €150 |
| €422 | €391 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 23% lower than in 2024.
Debt's share of the balance-sheet total falls from 89.1% to 54.1%. Equity is higher and debt is lower.
MCV CONSTRUCT has no parent and no holdings in its annual accounts. VIEIRA CARNEIRO Manuel Carlos is the only director. MCV CONSTRUCT shares no director with another company.
| BROTHER TRADERS
registered office since 24-11-2021 · founded in 2021 |
turnover €14.9m (2025) 0777.666.618 |
| CCS Europe NV/SA
registered office since 27-08-2004 · founded in 2004 |
8.7 FTE (2025) 0866.940.270 |
| OMBRO
establishment since 02-10-2026 · founded in 2018 |
16 FTE (2025) 0690.581.602 |
| STEFANO IMMOBILIER
registered office since 03-12-2015 · founded in 2015 |
total assets €1.2m (2025) 0643.826.513 |
| SEERAT
registered office since 26-02-2021 · founded in 2021 |
turnover €1.0m (2025) 0764.399.590 |
| BELGIUM INVEST & CONSULTING
registered office since 03-02-2020 · founded in 2019 · accounts filed late |
total assets €930,792 (2025) 0735.583.662 |
| COSTA ISOLATION
registered office since 21-12-2018 · founded in 2018 |
total assets €829,130 (2025) 0716.760.615 |
| TOMALEX
registered office since 04-01-2019 · founded in 2019 |
turnover €700,022 (2025) 0717.654.005 |
| SCC BOUW
establishment since 29-12-2022 · founded in 2022 |
total assets €681,379 (2025) 0795.524.615 |
| HF CONCEPT
establishment since 12-06-2015 · founded in 2015 |
2.5 FTE (2025) 0631.970.638 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 5 May 2023, MCV CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 VIEIRA CARNEIRO Manuel Carlos has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Bergensesteenweg 421 registered office 1600 Sint-Pieters-Leeuw | ||
| Jean Dubrucqlaan 84 1080 Molenbeek-Saint-Jean | 05-05-2023 | 2.346.552.041 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | 9.5 m · 3 |
| 21012A0028/00M000 | Brussels | 3,200 m² | 1 · 1,282 m² | 45.9 m · 14 |
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 0801.485.660
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