MD BATIMENT
ActiveSummary
The computed 12-month bankruptcy probability of MD BATIMENT is 2.4% (moderate). The 2025 annual accounts show equity of €40,615 and a net result of -€9,868. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 7586 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
Axes · tick = 2024
Profitability23▼-49
Solvency42▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 5.23 against 5.79 in 2024; short-term debt: 5.4% and cash: 6.9% of total assets), but 83.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.7%
Return on assets
-4.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7586 sector peers (2025).
NBB · sector comparisonPosition among 7586 sector peers
Solvency
better than 23%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
131 d late
2023
14 d late
2022
30 d late
2021
31 d late
2020
142 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 56 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,615▼ 19.5%
2024 · €50,483
Total assets
€243,247▼ 5.9%
2024 · €258,402
Net result
-€9,868
2024 · €6,490
Working capital
€55,188▼ 20.7%
2024 · €69,571
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,774€13,922▲ 192%€2,546▼ 81.7%€10,531▲ 314%-€2,762
Net result€3,719within the sector's middle half€13,250within the sector's middle half▲ 256%-€999below the sector's middle half€6,490within the sector's middle half-€9,868below the sector's middle half
Equity€31,742within the sector's middle half▲ 13.3%€44,992within the sector's middle half▲ 41.7%€43,993within the sector's middle half▼ 2.2%€50,483within the sector's middle half▲ 14.8%€40,615within the sector's middle half▼ 19.5%
Total assets€64,875within the sector's middle half▼ 11.7%€102,664within the sector's middle half▲ 58.3%€147,843within the sector's middle half▲ 44.0%€258,402within the sector's middle half▲ 74.8%€243,247within the sector's middle half▼ 5.9%
Debt€33,133▼ 27.1%€57,672▲ 74.1%€103,850▲ 80.1%€207,919▲ 100%€202,633▼ 2.5%
Working capital€21,036within the sector's middle half▲ 5.5%€6,325within the sector's middle half▼ 69.9%€35,750within the sector's middle half▲ 465%€69,571within the sector's middle half▲ 94.6%€55,188within the sector's middle half▼ 20.7%
Solvency48.9%within the sector's middle half▲ 10.8pp43.8%within the sector's middle half▼ 5.1pp29.8%within the sector's middle half▼ 14.1pp19.5%within the sector's middle half▼ 10.2pp16.7%below the sector's middle half▼ 2.8pp
Current ratio2.82above the sector's middle half▲ 0.571.15within the sector's middle half▼ 1.683.56above the sector's middle half▲ 2.415.79above the sector's middle half▲ 2.235.23above the sector's middle half▼ 0.56
Return on assets (ROA)5.7%within the sector's middle half▲ 22.0pp12.9%within the sector's middle half▲ 7.2pp-0.7%below the sector's middle half▼ 13.6pp2.5%within the sector's middle half▲ 3.2pp-4.1%below the sector's middle half▼ 6.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,762 after €10,531 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,247
Fixed assets
€175,009 ▲ 0.4%
Current assets
€68,238 ▼ 18.9%
Equity and liabilities €243,247
Equity
€40,615 ▼ 19.5%
Debt
€202,633 ▼ 2.5%
Debt's share of the balance-sheet total rises from 80.5% to 83.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8,424▼
2024 · €25,926
Cash flow
€1,318▼
2024 · €21,884
Debt to equity
4.99▲
2024 · 4.12
ROE
-24.3%▼
2024 · 12.9%
Interest coverage
1.18▼
2024 · 6.42
Debt ≤ 1 year
€13,050▼
2024 · €14,531
Debt > 1 year
€189,583▼
2024 · €193,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,549 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,151 | €1,588 | €1,271 | €64 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,946 | €11,096 | €13,965 | €15,395 | €11,186 | ▼ 27.3% |
| Other operating charges640/8 | €340 | €313 | €407 | €739 | €342 | ▼ 53.8% |
| Gross operating margin9900 | €17,211 | €26,919 | €18,190 | €26,729 | €8,765 | ▼ 67.2% |
| Operating profit (loss)9901 | €4,774 | €13,922 | €2,546 | €10,531 | -€2,762 | ▼ 126% |
| Financial income75/76B | €126 | €112 | - | €0 | €55 | ▲ 181,633% |
| Recurring financial income75 | €126 | €112 | - | €0 | €55 | ▲ 181,633% |
| Financial charges65/66B | €1,180 | €784 | €3,045 | €4,041 | €7,161 | ▲ 77.2% |
| Recurring financial charges65 | €1,180 | €784 | €3,045 | €4,041 | €7,161 | ▲ 77.2% |
| Profit (loss) for the period before taxes9903 | €3,719 | €13,250 | -€499 | €6,490 | -€9,868 | ▼ 252% |
| Income taxes67/77 | - | - | €500 | - | - | - |
| Profit (loss) for the period9904 | €3,719 | €13,250 | -€999 | €6,490 | -€9,868 | ▼ 252% |
| Profit (loss) for the period to be appropriated9905 | €3,719 | €13,250 | -€999 | €6,490 | -€9,868 | ▼ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,875 | €102,664 | €147,843 | €258,402 | €243,247 | ▼ 5.9% |
| Fixed assets21/28 | €32,298 | €53,251 | €98,130 | €174,301 | €175,009 | ▲ 0.4% |
| Tangible fixed assets22/27 | €32,298 | €53,251 | €98,130 | €174,301 | €175,009 | ▲ 0.4% |
| Land and buildings22 | €3,353 | €31,918 | €72,564 | €158,551 | €151,988 | ▼ 4.1% |
| Plant, machinery and equipment23 | €27,917 | €20,534 | €15,206 | €6,802 | €8,123 | ▲ 19.4% |
| Furniture and vehicles24 | €1,028 | €798 | €568 | €338 | €5,162 | ▲ 1,426% |
| Other tangible fixed assets26 | - | - | €9,793 | €8,610 | €9,735 | ▲ 13.1% |
| Current assets29/58 | €32,576 | €49,414 | €49,713 | €84,101 | €68,238 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €7,006 | €12,318 | €25,254 | €58,822 | €46,807 | ▼ 20.4% |
| Trade receivables40 | - | €7,723 | €1,485 | €37,183 | €26,307 | ▼ 29.2% |
| Other amounts receivable41 | €7,006 | €4,595 | €23,770 | €21,639 | €20,500 | ▼ 5.3% |
| Current investments50/53 | €2,736 | €2,736 | €2,736 | €2,736 | €2,736 | = |
| Cash at bank and in hand54/58 | €22,365 | €32,278 | €19,631 | €20,722 | €16,869 | ▼ 18.6% |
| Deferred charges and accrued income490/1 | €470 | €2,082 | €2,091 | €1,821 | €1,826 | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,875 | €102,664 | €147,843 | €258,402 | €243,247 | ▼ 5.9% |
| Equity10/15 | €31,742 | €44,992 | €43,993 | €50,483 | €40,615 | ▼ 19.5% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€8,258 | €4,992 | €3,993 | €10,483 | €615 | ▼ 94.1% |
| Amounts payable17/49 | €33,133 | €57,672 | €103,850 | €207,919 | €202,633 | ▼ 2.5% |
| Amounts payable after more than one year17 | €21,593 | €14,583 | €89,887 | €193,388 | €189,583 | ▼ 2.0% |
| Financial debts170/4 | €21,593 | €14,583 | €89,887 | €193,388 | €189,583 | ▼ 2.0% |
| Amounts payable within one year42/48 | €11,540 | €43,089 | €13,962 | €14,531 | €13,050 | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | €6,828 | €7,009 | €7,196 | €11,894 | €4,674 | ▼ 60.7% |
| Trade debts44 | €1,953 | €32,338 | €3,708 | - | €5,117 | - |
| Suppliers440/4 | €1,953 | €32,338 | €3,708 | €0 | €5,117 | - |
| Taxes, remuneration and social security45 | €2,760 | €3,741 | €2,150 | €1,550 | €2,246 | ▲ 44.9% |
| Taxes450/3 | €860 | €1,576 | €600 | - | €696 | - |
| Remuneration and social security454/9 | €1,900 | €2,165 | €1,550 | €1,550 | €1,550 | = |
| Other amounts payable47/48 | - | - | €908 | €1,087 | €1,013 | ▼ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,719 | €13,250 | -€999 | €6,490 | -€9,868 | ▼ 252% |
| + Depreciation and write-downs630 | €10,946 | €11,096 | €13,965 | €15,395 | €11,186 | ▼ 27.3% |
| Operating cash flow (approximation) | €14,665 | €24,346 | €12,966 | €21,884 | €1,318 | ▼ 94.0% |
| Investment in fixed assets (approximation) | - | -€32,048 | -€58,845 | -€91,565 | -€11,895 | ▲ 87.0% |
| Change in cash | - | €9,913 | -€12,646 | €1,091 | -€3,853 | ▼ 453% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
2024
31-12
Financial
Back to profitnet €6,490
Net result €6,490 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 3.56
Current ratio from 1.15 to 3.56; short-term debt falls from €43,089 to €13,962.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2020net €13,250 ▲256%
Operating result €13,922, net result €13,250, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €3,719
Net result €3,719 after one loss-making year.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 142 days late
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, Lessines · 1 establishment unit since 2019
Ground area
2,224 m²
Building footprint
326 m²
Parcel 55031B0302/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MD BATIMENT
since 20192.294.268.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55031B0302/00D000 | Wallonia | 2,224 m² | 1 · 326 m² | - |
Linked by address, not proof of ownership
Good to know
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 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43230Insulation installation
43910Bricklaying and masonry work
43990Other specialised construction activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735518831
Also
9925:BE0735518831
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.