MDD Construct
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €65,000 and €210,000.
Balance sheet
balance sheet total €347,078 on 31-12-2025in euro
in euro
Position in the sector
10.0%
Higher than 14% of 35,136 companies in 2025.
1.07
Higher than 24% of 34,510 companies in 2025.
-1.3%
Higher than 21% of 34,711 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
347,078 | 320,324 | 280,066 | 96,353 | 61,213 | 40,075 | |
20 |
- | - | - | - | - | 1,083 | |
21/28 |
13,799 | 21,143 | 17,988 | 20,815 | 19,796 | 3,524 | |
22/27 |
13,799 | 21,143 | 17,988 | 20,815 | 19,796 | 3,524 | |
23 |
9,632 | 14,129 | 8,178 | 7,659 | 6,306 | 1,487 | |
24 |
4,166 | 7,014 | 9,810 | 13,156 | 13,490 | 2,037 | |
29/58 |
333,279 | 299,182 | 262,078 | 75,538 | 41,417 | 35,468 | |
29 |
- | - | - | - | 2,950 | - | |
291 |
- | - | - | - | 2,950 | - | |
40/41 |
332,840 | 226,581 | 164,407 | 57,507 | 36,245 | 8,853 | |
40 |
315,239 | 220,681 | 140,776 | 44,564 | 22,700 | - | |
41 |
17,602 | 5,900 | 23,631 | 12,943 | 13,544 | 8,853 | |
54/58 |
439 | 72,601 | 20,389 | 18,031 | 2,222 | 4,486 | |
490/1 |
- | - | 77,283 | - | - | 22,129 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
347,078 | 320,324 | 280,066 | 96,353 | 61,213 | 40,075 | |
10/15 |
34,618 | 39,096 | 30,846 | 24,923 | 26,445 | 9,068 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
32,618 | 37,096 | 28,846 | 22,923 | 24,445 | 7,068 | |
133 |
32,618 | 37,096 | 28,846 | 22,923 | 24,445 | 7,068 | |
17/49 |
312,460 | 281,228 | 249,220 | 71,431 | 34,768 | 31,007 | |
42/48 |
312,460 | 281,228 | 154,214 | 25,822 | 24,356 | 31,007 | |
43 |
- | - | - | - | - | 704 | |
439 |
- | - | - | - | - | 704 | |
44 |
234,869 | 210,847 | 45,947 | 10,157 | 2,235 | 8,379 | |
440/4 |
234,869 | 210,847 | 45,947 | 10,157 | 2,235 | 8,379 | |
46 |
63,251 | 49,271 | 88,045 | 2,056 | 12,757 | 14,851 | |
45 |
8,912 | 17,201 | 15,319 | 10,428 | 6,278 | 1,990 | |
450/3 |
7,863 | 9,752 | 9,224 | 6,278 | 6,278 | 1,890 | |
454/9 |
1,049 | 7,449 | 6,095 | 4,150 | - | 100 | |
47/48 |
5,428 | 3,909 | 4,903 | 3,181 | 3,087 | 5,084 | |
492/3 |
- | - | 95,006 | 45,609 | 10,412 | - | |
| Income statement | |||||||
76A |
- | - | - | - | 826 | - | |
9900 |
14,365 | 27,018 | 23,016 | 12,441 | 28,395 | 10,845 | |
62 |
- | - | - | - | - | 370 | |
630 |
9,369 | 8,997 | 8,389 | 6,780 | 4,043 | 310 | |
640/8 |
5,435 | 3,412 | 3,458 | 3,721 | 2,622 | 1,185 | |
9901 |
-439 | 14,609 | 11,170 | 1,940 | 21,729 | 8,979 | |
75/76B |
705 | 1,369 | 549 | 40 | 420 | - | |
75 |
0 | 1,246 | - | - | - | - | |
76B |
705 | 123 | 549 | 40 | 420 | - | |
65/66B |
3,959 | 2,553 | 2,850 | 2,163 | 384 | 21 | |
65 |
1,184 | 358 | 358 | 2,112 | 287 | 21 | |
66B |
2,775 | 2,195 | 2,492 | 51 | 97 | - | |
9903 |
-3,693 | 13,425 | 8,870 | -182 | 21,765 | 8,958 | |
67/77 |
785 | 5,175 | 2,946 | 1,340 | 4,388 | 1,890 | |
9904 |
-4,478 | 8,250 | 5,923 | -1,523 | 17,377 | 7,068 | |
9905 |
-4,478 | 8,250 | 5,923 | -1,523 | 17,377 | 7,068 | |
| Appropriation of the result | |||||||
9906 |
-4,478 | 8,250 | 5,923 | -1,523 | 17,377 | 7,068 | |
791/2 |
4,478 | - | - | 1,523 | - | - | |
691/2 |
0 | 8,250 | 5,923 | - | 17,377 | 7,068 | |
6921 |
0 | 8,250 | 5,923 | - | 17,377 | 7,068 | |
| Document | |||||||
The notes to these accounts have 9 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 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00370045 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00352767 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00444870 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00259414 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20334804 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35600255 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 8,930 | 23,607 | 19,559 | 8,720 | 25,773 | 9,290 | ||
| 4,891 | 17,248 | 14,312 | 5,258 | 21,420 | 7,378 | ||
| 2,025 | 12,152 | 5,562 | 7,800 | 19,232 | 3,834 | ||
| -72,162 | 52,212 | 2,358 | 15,809 | -2,264 | - | ||
| 20,819 | 17,954 | 107,864 | 49,716 | 17,061 | 4,461 | ||
| 10.0% | 12.2% | 11.0% | 25.9% | 43.2% | 22.6% | ||
| 1.07 | 1.06 | 1.70 | 2.93 | 1.70 | 1.14 | ||
| 9.03 | 7.19 | 8.08 | 2.87 | 1.31 | 3.42 | ||
| -12.9% | 21.1% | 19.2% | -6.1% | 65.7% | 77.9% | ||
| -1.3% | 2.6% | 2.1% | -1.6% | 28.4% | 17.6% | ||
| 7.54 | 65.96 | 54.60 | 4.13 | 89.71 | - |
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| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,025 | €12,152 | €5,562 | €7,800 | €19,232 |
| Financial fixed assets | €0 | - | - | - | - |
| €9,369 | €8,997 | €8,389 | €6,780 | €4,043 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MDD Construct
The operating result for 2025 is a loss of €439, after a profit of €14,609 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 87.8% to 90.0%. Equity is lower and debt is higher.