MDH CONSTRUCT
ActiveSummary
MDH CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €238,699 and a net result of €15,585. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 94% of 9976 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▲+11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 10.11 against 24.82 in 2023; short-term debt: 9.9% and cash: 1.5% of total assets), and 10.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-05-2025, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
86 d early
2023
54 d early
2022
35 d early
2021
11 d early
2020
32 d early
2019
23 d early
← 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 40 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€220,374▼ 86.3%
2018 · €1.6m
EBIT margin
-4.0%▼ 2.0pp
2018 · -2.0%
Net result
€15,585
2023 · -€1,018
Working capital
€239,130▲ 7.2%
2023 · €223,114
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€414▲ 95.3%€11,891€5,106▼ 57.1%€954▼ 81.3%€5,023▲ 426%
Net result€4,810▲ 89.3%€9,830▲ 104%€3,593▼ 63.4%-€1,018€15,585
EBIT margin
Equity€210,709▼ 0.1%€220,539▲ 4.7%€224,133▲ 1.6%€223,114▼ 0.5%€238,699▲ 7.0%
Total assets€360,408▼ 1.6%€238,994▼ 33.7%€239,938▲ 0.4%€232,479▼ 3.1%€265,386▲ 14.2%
Debt€149,699▼ 3.6%€18,455▼ 87.7%€15,805▼ 14.4%€9,365▼ 40.7%€26,686▲ 185%
Working capital€194,344▲ 2.3%€209,507▲ 7.8%€219,206▲ 4.6%€223,114▲ 1.8%€239,130▲ 7.2%
Staff (FTE)4▲ 5.3%4.9▲ 22.5%4.8▼ 2.0%3.9▼ 18.8%4.7▲ 20.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 426% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €265,386
Equity
€238,699 ▲ 7.0%
Debt
€26,686 ▲ 185%
Debt's share of the balance-sheet total rises from 4.0% to 10.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
10.11▼
2023 · 24.82
Debt to equity
0.11▲
2023 · 0.04
ROE
6.5%▲
2023 · -0.5%
ROA
5.9%▲
2023 · -0.4%
Debt ≤ 1 year
€26,256▲
2023 · €9,365
Staff costs
€270,967▲
2023 · €238,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €256,655 | €274,593 | €238,192 | €270,967 | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,335 | €7,052 | €6,106 | €4,490 | - | - |
| Other operating charges640/8 | - | €645 | €837 | €837 | €920 | ▲ 9.9% |
| Gross operating margin9900 | €229,580 | €276,243 | €286,642 | €244,473 | €276,910 | ▲ 13.3% |
| Operating profit (loss)9901 | -€414 | €11,891 | €5,106 | €954 | €5,023 | ▲ 426% |
| Financial income75/76B | - | - | - | - | €12,102 | - |
| Recurring financial income75 | €7,554 | - | - | - | €12,102 | - |
| Financial charges65/66B | - | €2,062 | €1,512 | €1,973 | €1,540 | ▼ 21.9% |
| Recurring financial charges65 | €2,339 | €2,062 | €1,512 | €1,973 | €1,540 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €4,801 | €9,830 | €3,593 | -€1,018 | €15,585 | ▲ 1,630% |
| Income taxes67/77 | -€9 | - | - | - | - | - |
| Profit (loss) for the period9904 | €4,810 | €9,830 | €3,593 | -€1,018 | €15,585 | ▲ 1,630% |
| Profit (loss) for the period to be appropriated9905 | €4,810 | €9,830 | €3,593 | -€1,018 | €15,585 | ▲ 1,630% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360,408 | €238,994 | €239,938 | €232,479 | €265,386 | ▲ 14.2% |
| Fixed assets21/28 | €18,084 | €11,032 | €4,926 | €0 | €0 | - |
| Tangible fixed assets22/27 | €17,648 | €10,596 | €4,490 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €10,596 | €4,490 | €0 | €0 | - |
| Financial fixed assets28 | €436 | €436 | €436 | €0 | - | - |
| Current assets29/58 | €342,324 | €227,962 | €235,012 | €232,479 | €265,386 | ▲ 14.2% |
| Amounts receivable after more than one year29 | - | €159,769 | €159,769 | €150,899 | €163,001 | ▲ 8.0% |
| Trade receivables290 | - | €159,769 | €159,769 | €150,899 | €163,001 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €94,839 | €54,567 | €48,592 | €67,594 | €93,482 | ▲ 38.3% |
| Trade receivables40 | - | €52,160 | €46,120 | €65,704 | €92,954 | ▲ 41.5% |
| Other amounts receivable41 | - | €2,407 | €2,472 | €1,890 | €528 | ▼ 72.1% |
| Cash at bank and in hand54/58 | €17,319 | €10,194 | €18,977 | €9,142 | €4,019 | ▼ 56.0% |
| Deferred charges and accrued income490/1 | - | €3,432 | €7,673 | €4,845 | €4,884 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360,408 | €238,994 | €239,938 | €232,479 | €265,386 | ▲ 14.2% |
| Equity10/15 | €210,709 | €220,539 | €224,133 | €223,114 | €238,699 | ▲ 7.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Profit (loss) carried forward14 | €190,249 | €200,079 | €203,673 | €202,654 | €218,239 | ▲ 7.7% |
| Amounts payable17/49 | €149,699 | €18,455 | €15,805 | €9,365 | €26,686 | ▲ 185% |
| Amounts payable after more than one year17 | €1,719 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €147,980 | €18,455 | €15,805 | €9,365 | €26,256 | ▲ 180% |
| Current portion of amounts payable after more than one year42 | - | €1,719 | €0 | - | - | - |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €6,154 | €1,435 | €1,236 | €312 | €5,071 | ▲ 1,524% |
| Suppliers440/4 | - | €1,435 | €1,236 | €312 | €5,071 | ▲ 1,524% |
| Taxes, remuneration and social security45 | - | €15,262 | €14,531 | €9,014 | €21,146 | ▲ 135% |
| Taxes450/3 | - | €0 | €0 | €344 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €15,262 | €14,531 | €8,670 | €21,146 | ▲ 144% |
| Other amounts payable47/48 | - | €39 | €39 | €39 | €39 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €430 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,810 | €9,830 | €3,593 | -€1,018 | €15,585 | ▲ 1,630% |
| + Depreciation and write-downs630 | €8,335 | €7,052 | €6,106 | €4,490 | - | - |
| Operating cash flow (approximation) | €13,145 | €16,882 | €9,699 | €3,472 | €15,585 | ▲ 349% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €436 | €0 | ▼ 100% |
| Change in cash | - | -€7,125 | €8,784 | -€9,836 | -€5,123 | ▲ 47.9% |
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
2026
31-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,585
Net result €15,585 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 12.35
Current ratio from 2.31 to 12.35; short-term debt falls from €147,980 to €18,455.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2,541
Net result €2,541 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waremme · 1 establishment unit since 2009
Ground area
5,701 m²
Building footprint
1,356 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de France 11, 4280 Hannut
since 20092.177.467.381
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0819/00H000 | Wallonia | 4,433 m² | 1 · 1,219 m² | - |
| 64054B0063/00B002 | Wallonia | 1,268 m² | 1 · 137 m² | - |
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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
Leemans Guy
BE 0715.953.535
Ravels · Eq €238,630
B&A CONCEPT
BE 0697.853.137
Liège · Eq €238,892
BATICAZA
BE 0897.190.315
Frameries · Eq €238,500
YOUNG BUILDING PROJECTS
BE 0887.108.451
Vilvoorde · Eq €238,932
HERMANN R & S
BE 0825.379.631
Sankt Vith · Eq €238,932
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,638 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
Founded31-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43410Roofing work
43421Specialised construction activities
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810811023
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.