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MD CONSTRUCT

Active Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2013active for 13 yearsHalvemaanstraat 60, 1190 ForestKBO/BCE: BE 0521.853.664
MD CONSTRUCT
Financial year 2026
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Annual accounts 2026

micro format, filed on 24-09-2026, 24 days late
-€2,389
▼ €10,711
-€2,906
▼ €3,714
-€2,494
▼ €3,302
€485
▲ 345%
38.1%
▼ 6.1 percentage points
1.57
▼ 0.22

Money flows

no detail for 2026

Balance sheet

balance sheet total €91,558 on 31-01-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

38.1%

Higher than 47% of 37,177 companies in 2025.

1.57

Higher than 49% of 36,472 companies in 2025.

0.1%

Higher than 24% of 36,707 companies in 2025.

MD CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202620252024202320222021202020192018201720162015
Balance sheet: assets
20/58 91,55878,74185,31187,411123,241177,845147,428149,521107,03664,19044,20733,620
21/28 4,535-02,2874,2876,2876756753,3394,3546754,126
22/27 4,535-01,6123,6125,612--2,6643,679-3,451
23 --084417751-----20
24 4,535-01,5283,1954,861--2,6643,679-3,431
28 --0675675675675675675675675675
29/58 87,02278,74185,31185,124118,954171,558146,753148,846103,69759,83643,53229,493
3 -18,10313,393---------
30/36 -18,10313,393---------
40/41 22,31534,99443,34535,84174,523141,810139,97089,24397,78159,44536,68728,700
40 20,86329,54439,17132,01663,965103,566103,68063,31478,77746,28427,99819,403
41 1,4525,4504,1743,82510,55838,24436,29025,92919,00513,1618,6909,297
54/58 9,20410,1605,3292,8762,13529,7486,78325,6035,9163914,764794
490/1 55,50315,48523,24446,40842,297--34,000--2,080-
Balance sheet: equity and liabilities
10/49 91,55878,74185,31187,411123,241177,845147,428149,521107,03664,19044,20733,620
10/15 34,84634,77434,66532,71231,93831,02825,56214,80114,68614,63011,3456,754
10/11 6,2006,2006,2006,2006,2006,200-6,2006,2006,2006,2006,200
100 -------18,60018,60018,60018,60018,600
101 -------12,40012,40012,40012,40012,400
11 ------6,200-----
1100/10 ------6,200-----
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860554
130/1 1,8601,8601,8601,8601,8601,8601,860-----
130 -------1,8601,8601,8601,860554
1311 1,8601,8601,8601,8601,8601,860------
1319 ------1,860-----
14 26,78626,71426,60524,65223,87822,96817,5026,7416,6266,5703,285-
17/49 56,71143,96750,64754,69991,304146,817121,865134,72092,35049,56032,86126,866
17 1,334-----------
170/4 1,334-----------
42/48 55,37743,96750,64754,69991,304146,817121,865134,72092,35049,56032,86126,866
43 3,850-----20-----
430/8 3,850-----20-----
44 39,75531,60338,38443,28685,271126,90694,372134,50276,69928,26515,998678
440/4 39,75531,60335,86439,40784,138113,92394,372134,50276,20428,26511,683146
441 --2,5203,8801,13212,983--495-4,315531
45 2,3442,2962,0191,4731,24719,91227,47321815,6515,70516,86326,188
450/3 2,3442,2962,0191,4731,2479703,3792181,3062,7051,723213
454/9 -----18,94124,094-14,3453,00015,14025,975
47/48 9,42810,06910,2449,9404,786----15,590--
Income statement
70 ---189,548186,462442,186190,572219,499175,528134,261142,924340,524
9900 -2,3898,3224,4904,0474,51810,53221,7023,9253,7256,63810,2099,508
60/61 ---185,538182,444435,655171,319215,574171,803127,623132,715331,016
630 41201,6122,0002,000389-2,6642,6651,8393,4516,530
640/8 1057,5143139007147947136456454965851,082
9901 -2,9068082,5651,1471,8049,34920,9896154154,3026,1731,896
75/76B 3,1171,6940--097141463-1
75 01,6940--097141463-1
76B 3,117-----------
65/66B 9097671476172,9138,0372866955711,130
65 9097671476172,9137,0672866955711,130
66B ------971-----
9903 1212,4052,4981,0001,1866,43613,9233333604,3116,102767
67/77 482,2965462262779703,1612183041,0261,510213
9904 731091,9527759105,46610,761115563,2854,591554
9905 731091,9527759105,46610,761115563,2854,591554
Appropriation of the result
9906 26,78626,71426,60524,65223,87822,96817,5026,7416,6266,5704,591554
14P 26,71426,60524,65223,87822,968-------
691/2 ----------1,306554
6920 ----------1,306554
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 24-09-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2026 annual accounts filed 24 days after the deadline. Filed on 24 September 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00526428.

Financial year Type Filed Reference Document
31-01-2026 micro format 24-09-2026 2026-00526428 PDF
31-01-2025 micro format 26-09-2025 2025-00515426 PDF
31-01-2024 micro format 25-09-2024 2024-00472835 PDF
31-01-2023 micro format 29-09-2023 2023-00465774 PDF
31-01-2022 micro format 13-10-2022 2022-20459156 PDF
31-01-2021 micro format 25-10-2021 2021-73000433 PDF
31-01-2020 micro format 25-09-2020 2020-55700319 PDF
31-01-2019 micro format 31-07-2019 2019-41700161 PDF
31-01-2018 micro format 04-09-2018 2018-61700332 PDF
31-01-2017 micro format 27-07-2017 2017-39700375 PDF
31-01-2016 full format 25-07-2016 2016-35600183 PDF
31-01-2015 full format 22-07-2015 2015-34800284 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202620252024202320222021202020192018201720162015
-2,4948084,1773,1473,8049,739-3,2803,0806,1419,6248,426
4851093,5642,7752,9105,855-2,7802,7215,1248,0427,084
4,9480-675006,002-01,6505,519010,657
-9564,8322,453741-27,61322,965-18,82019,6875,524-4,3733,970-
31,64534,77434,66530,42627,65124,74124,88714,12611,34710,27610,6702,628
---0.6%1.0%2.1%11.0%0.3%0.2%3.2%4.3%0.6%
38.1%44.2%40.6%37.4%25.9%17.4%17.3%9.9%13.7%22.8%25.7%20.1%
1.571.791.681.561.301.171.201.101.121.211.321.10
1.571.381.421.561.301.171.201.101.121.211.321.10
1.631.261.461.672.864.734.779.106.293.392.903.98
0.2%0.3%5.6%2.4%2.8%17.6%42.1%0.8%0.4%22.5%40.5%8.2%
0.1%0.1%2.3%0.9%0.7%3.1%7.3%0.1%0.1%5.1%10.4%1.6%
-27.688.3562.6821.486.16-------
---62 days125 days85 days199 days105 days164 days126 days72 days21 days
---85 days171 days106 days201 days228 days163 days81 days44 days1 day

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
Item31-01-202631-01-202531-01-202431-01-202331-01-2022
Tangible fixed assets€4,948----
€412€0€1,612€2,000€2,000

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on MD CONSTRUCT

The operating result for 2026 is a loss of €2,906, after a profit of €808 in 2025. It is the lowest result since 2015.

Debt's share of the balance-sheet total rises from 55.8% to 61.9%. Equity and debt are higher.

Next steps

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