MDB CONSTRUCT
ActiveSummary
MDB CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394,243 and a net result of €21,133. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-27
Solvency91▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.15 in 2024; short-term debt: 10.6% and cash: 6.6% of total assets), and 34% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
66%
Return on assets
3.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
47 d early
2024
39 d early
2023
40 d early
2022
29 d early
2021
35 d early
2020
47 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€394,243▲ 1.3%
2024 · €389,111
Total assets
€597,137▼ 1.0%
2024 · €603,247
Net result
€21,133▼ 91.2%
2024 · €239,705
Working capital
€12,242▲ 18.5%
2024 · €10,327
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€30,494▼ 26.8%€36,057▲ 18.2%€44,203▲ 22.6%€16,020▼ 63.8%€39,446▲ 146%
Net result€16,968within the sector's middle half▼ 27.7%€15,083within the sector's middle half▼ 11.1%€37,125above the sector's middle half▲ 146%€239,705above the sector's middle half▲ 546%€21,133within the sector's middle half▼ 91.2%
Equity€134,620above the sector's middle half▲ 14.4%€149,703above the sector's middle half▲ 11.2%€186,828above the sector's middle half▲ 24.8%€389,111above the sector's middle half▲ 108%€394,243above the sector's middle half▲ 1.3%
Total assets€183,754within the sector's middle half▲ 4.1%€178,252within the sector's middle half▼ 3.0%€221,725within the sector's middle half▲ 24.4%€603,247above the sector's middle half▲ 172%€597,137above the sector's middle half▼ 1.0%
Debt€49,134▼ 16.5%€28,549▼ 41.9%€34,897▲ 22.2%€214,136▲ 514%€202,893▼ 5.3%
Working capital€57,018within the sector's middle half▲ 38.4%€65,412within the sector's middle half▲ 14.7%€106,095above the sector's middle half▲ 62.2%€10,327within the sector's middle half▼ 90.3%€12,242within the sector's middle half▲ 18.5%
Solvency73.3%above the sector's middle half▲ 6.6pp84.0%above the sector's middle half▲ 10.7pp84.3%above the sector's middle half▲ 0.3pp64.5%within the sector's middle half▼ 19.8pp66.0%within the sector's middle half▲ 1.5pp
Current ratio2.16within the sector's middle half▲ 0.433.29above the sector's middle half▲ 1.134.04above the sector's middle half▲ 0.751.15within the sector's middle half▼ 2.891.19within the sector's middle half▲ 0.04
Return on assets (ROA)9.2%within the sector's middle half▼ 4.1pp8.5%within the sector's middle half▼ 0.8pp16.7%within the sector's middle half▲ 8.3pp39.7%above the sector's middle half▲ 23.0pp3.5%within the sector's middle half▼ 36.2pp
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 recovers in 2025; 2025 is 146% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €597,137
Fixed assets
€521,342 ▼ 0.4%
Current assets
€75,795 ▼ 4.9%
Equity and liabilities €597,137
Equity
€394,243 ▲ 1.3%
Debt
€202,893 ▼ 5.3%
Debt's share of the balance-sheet total falls from 35.5% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,635▲
2024 · €41,413
Cash flow
€27,322▼
2024 · €265,098
Debt to equity
0.51▼
2024 · 0.55
ROE
5.4%▼
2024 · 61.6%
Interest coverage
6.55▼
2024 · 18.93
Debt ≤ 1 year
€63,553▼
2024 · €69,371
Debt > 1 year
€139,340▼
2024 · €144,765
Income taxes
€12,987▼
2024 · €30,693
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8,025 | €3,994 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,000 | €3,011 | €1,501 | €25,393 | €6,190 | ▼ 75.6% |
| Other operating charges640/8 | - | €750 | €986 | €826 | €1,086 | ▲ 31.4% |
| Non-recurring operating charges66A | - | - | €159 | €0 | €253 | - |
| Gross operating margin9900 | €32,526 | €39,817 | €46,850 | €42,239 | €46,975 | ▲ 11.2% |
| Operating profit (loss)9901 | €30,494 | €36,057 | €44,203 | €16,020 | €39,446 | ▲ 146% |
| Financial income75/76B | - | €38 | €10,984 | €256,566 | €1,641 | ▼ 99.4% |
| Recurring financial income75 | €1 | €38 | €10,984 | €31,206 | €1,641 | ▼ 94.7% |
| Non-recurring financial income76B | - | - | - | €225,360 | €0 | ▼ 100% |
| Financial charges65/66B | - | €833 | €1,129 | €2,188 | €6,967 | ▲ 218% |
| Recurring financial charges65 | €679 | €833 | €1,129 | €2,188 | €6,967 | ▲ 218% |
| Profit (loss) for the period before taxes9903 | €29,817 | €35,261 | €54,058 | €270,398 | €34,120 | ▼ 87.4% |
| Income taxes67/77 | €12,849 | €20,178 | €16,933 | €30,693 | €12,987 | ▼ 57.7% |
| Profit (loss) for the period9904 | €16,968 | €15,083 | €37,125 | €239,705 | €21,133 | ▼ 91.2% |
| Profit (loss) for the period to be appropriated9905 | €16,968 | €15,083 | €37,125 | €239,705 | €21,133 | ▼ 91.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,754 | €178,252 | €221,725 | €603,247 | €597,137 | ▼ 1.0% |
| Fixed assets21/28 | €77,602 | €84,291 | €80,733 | €523,549 | €521,342 | ▼ 0.4% |
| Tangible fixed assets22/27 | €802 | €7,491 | €3,933 | €199,549 | €197,342 | ▼ 1.1% |
| Land and buildings22 | - | - | - | €196,801 | €194,172 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | - | €1,608 | - |
| Furniture and vehicles24 | - | €7,491 | €3,933 | €2,748 | €1,562 | ▼ 43.1% |
| Financial fixed assets28 | €76,800 | €76,800 | €76,800 | €324,000 | €324,000 | = |
| Current assets29/58 | €106,152 | €93,961 | €140,992 | €79,698 | €75,795 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €66,192 | €38,638 | €31,969 | €42,873 | €31,732 | ▼ 26.0% |
| Trade receivables40 | - | €30,140 | €25,006 | €42,862 | €29,719 | ▼ 30.7% |
| Other amounts receivable41 | - | €8,499 | €6,964 | €11 | €2,013 | ▲ 18,131% |
| Cash at bank and in hand54/58 | €39,960 | €54,699 | €103,422 | €31,387 | €39,364 | ▲ 25.4% |
| Deferred charges and accrued income490/1 | - | €623 | €5,601 | €5,438 | €4,699 | ▼ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,754 | €178,252 | €221,725 | €603,247 | €597,137 | ▼ 1.0% |
| Equity10/15 | €134,620 | €149,703 | €186,828 | €389,111 | €394,243 | ▲ 1.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €128,420 | €143,503 | €180,628 | €382,911 | €388,043 | ▲ 1.3% |
| Tax-exempt reserves132 | - | €362 | €362 | €362 | €362 | = |
| Distributable reserves133 | - | €143,141 | €180,267 | €382,549 | €387,682 | ▲ 1.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €49,134 | €28,549 | €34,897 | €214,136 | €202,893 | ▼ 5.3% |
| Amounts payable after more than one year17 | - | - | - | €144,765 | €139,340 | ▼ 3.7% |
| Financial debts170/4 | - | - | - | €144,765 | €139,340 | ▼ 3.7% |
| Amounts payable within one year42/48 | €49,134 | €28,549 | €34,897 | €69,371 | €63,553 | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | €5,235 | €5,425 | ▲ 3.6% |
| Trade debts44 | €28,741 | €13,059 | €14,359 | €17,719 | €19,870 | ▲ 12.1% |
| Suppliers440/4 | - | €13,059 | €14,359 | €17,719 | €19,870 | ▲ 12.1% |
| Taxes, remuneration and social security45 | - | €15,490 | €18,264 | €26,768 | €13,954 | ▼ 47.9% |
| Taxes450/3 | - | €15,490 | €18,264 | €26,768 | €13,954 | ▼ 47.9% |
| Other amounts payable47/48 | - | - | €2,274 | €19,648 | €24,304 | ▲ 23.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,968 | €15,083 | €37,125 | €239,705 | €21,133 | ▼ 91.2% |
| + Depreciation and write-downs630 | €1,000 | €3,011 | €1,501 | €25,393 | €6,190 | ▼ 75.6% |
| Operating cash flow (approximation) | €17,968 | €18,094 | €38,627 | €265,098 | €27,322 | ▼ 89.7% |
| Investment in fixed assets (approximation) | - | -€9,700 | €2,056 | -€468,208 | -€3,983 | ▲ 99.1% |
| Change in cash | - | €14,739 | €48,723 | -€72,035 | €7,977 | ▲ 111% |
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
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €239,705 ▲546%
Net result €239,705, the highest in the series.
30-06
Financial
Equity above €200,000Eq €389,111 ▲108%
6 profitable years in a row build equity to €389,111.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €150,000Eq €186,828 ▲24.8%
5 profitable years in a row build equity to €186,828.
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €15,083 ▼11.1%
Net result drops to €15,083, the lowest in the series; recovery starts the following year.
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €100,000Eq €117,652 ▲24.9%
2 profitable years in a row build equity to €117,652.
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Merelbeke-Melle · 2 establishment units since 2016
Ground area
1,742 m²
Building footprint
217 m²
Volume, LiDAR
1,405 m³
2 parcels, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
MDB Construct
since 20162.258.117.141
Smidsestraat 10, 9000 Gent
since 20242.367.337.854
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0168/00N000 | Flanders | 1,700 m² | 1 · 176 m² | 8.8 m · 2 fl. |
| 44809I0751/00D002 | Flanders | 42 m² | 1 · 42 m² | 16.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 480 EUR | 480 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 10,131 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
Founded04-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0663785252
Also
9925:BE0663785252
Registered
16-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.