MDA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MDA CONSTRUCT is 1.7% (moderate). The 2025 annual accounts show equity of €231k and a net result of €11k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-5
Solvency100▲+16
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 18.39 against 2.44 in 2024; short-term debt: 5.4% and cash: 9.3% of total assets), and 5.4% 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 · 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
94.6%
Return on assets
4.6%
Age of the figures
9 mo
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
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 08-06-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
53 d early
2024
31 d early
2023
49 d late
2022
44 d late
2021
19 d early
2020
37 d early
2019
122 d late
← 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
Turnover
€1.04M
EBIT margin
11.0%
Net result
€11k▼ 63.8%
2024 · €31k
2019: €78k
2020: €14k
2021: €37k
2022: €25k
2023: €21k
2024: €31k
2019 → 2025
Working capital
€231k▲ 6.2%
2024 · €217k
2019: €80k
2020: €84k
2021: €118k
2022: €140k
2023: €180k
2024: €217k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€155k▲ 19.4%€189k▲ 21.5%€220k▲ 16.4%€231k▲ 5.1%
Operating result€28k-€30k▲ 5.8%€42k▲ 41.8%€47k▲ 10.1%€17k▼ 64.3%
Net result€37k-€25k▼ 31.7%€21k▼ 16.5%€31k▲ 47.0%€11k▼ 63.8%
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 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€225 ▼ 90.8%
Current assets
€244k ▼ 33.8%
Equity and liabilities €244k
Equity
€231k ▲ 5.1%
Debt
€13k ▼ 91.2%
Debt's share of the balance-sheet total falls from 40.8% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €53k
Cash flow
€13k▼
2024 · €37k
Current ratio
18.39▲
2024 · 2.44
Debt to equity
0.06▼
2024 · 0.69
ROE
4.9%▼
2024 · 14.1%
ROA
4.6%▼
2024 · 8.3%
Interest coverage
9.70▼
2024 · 20.31
Debt ≤ 1 year
€13k▼
2024 · €151k
Income taxes
€4k▼
2024 · €14k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€371k€244k▼
Fixed assets21/28€2k€225▼
Tangible fixed assets22/27€2k-
Furniture and vehicles24€2k-
Financial fixed assets28€225€225=
Current assets29/58€369k€244k▼
Amounts receivable within one year40/41€327k€218k▼
Trade receivables40€303k€185k▼
Other amounts receivable41€25k€33k▲
Cash at bank and in hand54/58€39k€23k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€371k€244k▼
Equity10/15€220k€231k▲
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€199k€210k▲
Amounts payable17/49€151k€13k▼
Amounts payable within one year42/48€151k€13k▼
Trade debts44€123k€8k▼
Suppliers440/4€123k€8k▼
Taxes, remuneration and social security45€28k€5k▼
Taxes450/3€27k€5k▼
Remuneration and social security454/9€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€392
Other operating charges640/8€1k-
Gross operating margin9900€54k€19k▼
Operating profit (loss)9901€47k€17k▼
Financial income75/76B€575€865▲
Recurring financial income75€575€865▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€45k€16k▼
Income taxes67/77€14k€4k▼
Profit (loss) for the period9904€31k€11k▼
Profit (loss) for the period to be appropriated9905€31k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€199k€210k▲
Profit (loss) brought forward from the previous period14P€168k€199k▲
The notes to these accounts (6 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11k ▼63.8%
Net result drops to €11k, the lowest in the series.
31-12
Financial
Liquidity times 8current ratio 18.39
Current ratio from 2.44 to 18.39; short-term debt falls from €151k to €13k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €220k ▲16.4%
6 profitable years in a row build equity to €220k.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Equity above €150kEq €155k ▲19.4%
4 profitable years in a row build equity to €155k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €130k ▲32.5%
3 profitable years in a row build equity to €130k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Ukkel · 1 establishment unit since 2018
Ground area
1,835 m²
Building footprint
1,177 m²
Volume, LiDAR
7,380 m³
2 parcels, Brussels · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
MDA CONSTRUCT
since 20182.279.600.166
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
| 21616G0388/00L002 | Brussels | 219 m² | 1 · 88 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SOLID GROUP
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INGENTIEF
BE 0551.884.567
Laarne · Eq €231,510
PATRICK CONSTRUCT
BE 0694.883.749
Boutersem · Eq €230,358
GEM 2be
BE 0450.644.380
Waasmunster · Eq €230,344
VOEGTECHNIEK ANPA
BE 0461.373.471
Dentergem · Eq €231,684
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,686 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 (pre-2019)
Founded22-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.