Equity
€250,908 ▲ 5.1%
MDS CONSTRUCT paid out €34,784 in dividends. That is 74% of the 2025 profit.
MDS CONSTRUCT
Lifetime
15 annual accounts with figures on one time axispeak €336,261 (2015)
€108,241▲ 72.3%
lowest -€29,968 (2019)
€46,869▲ 82.2%
peak €250,908 (2025)
€250,908▲ 5.1%
€86,091▼ 64.9%
peak 5 FTE (2014)
-not published
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €62,807 to €108,241Result from €25,719 to €46,869Dividend €34,784Debts from €245,419 to €86,091Cash from €47,324 to €133,943
Key points
from the 2025 annual accountsInvestments
€10,409 3.9 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€250,908
More equity than 90% of companies in construction of buildings. Sector median €45,544 · 9,459 companies.
Checked score
96
Excellent
Financially stronger than 73% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.2%▼ -0.1 percentage points vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.2 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 3.82, cash €133,943
Equity €250,908 (74.5% of total assets)
Founded in 2010
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 83% of them on solvency, 91% on liquidity, 70% on profitability and 46% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as MDS CONSTRUCT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MDS CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MDS CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.82 (3.25 in 2024), above the usual 1.5. Short-term debt is 25.1% and cash 39.7% of total assets. 25.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
64 days early
2023
36 days early
2022
32 days early
2021
31 days early
2020
15 days early
2019
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829541030
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“De vennootschap mag elke onroerende,roerende,industriële,commerciële en financiële activiteit verrichten die…” (deed in Dutch) · Registered office clause: Kerkweg 5, 2830 Willebroek · Gazette deed
First establishment
Kerkweg 5, Willebroek
Incorporation
published on 13-10-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDS CONSTRUCT Willebroek | €336,999 | €108,241 | 74.5% | - |
| BACKES BOUWONDERNEMING Kalmthout | €335,278 | €127,490 | 35.0% | - |
| BD-BOUW Kasterlee | €331,740 | €129,785 | 40.5% | - |
| KVG KARWEIWERKEN Malle | €382,210 | €90,006 | 59.3% | - |
| BOUWONDERNEMING LEYSEN Oud-Turnhout | €294,373 | €123,714 | 28.7% | - |
| CL-PROJECTS Kasterlee | €342,010 | €133,494 | -64.4% | - |
| EUPHOBERIA Brasschaat | €348,604 | €82,159 | 56.8% | - |
These companies have the same main activity as MDS CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €294,000 and €382,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 20-09-2010Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.192.542.3692830 Willebroek, since 01-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2025
Annual accounts 2025
- ≈ €360,000estimated
- €336,999▼ 30.4%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on MDS CONSTRUCT
MDS CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €297,685 in 2011 to €108,241 in 2025.
The balance sheet grew most from 2013 to 2015 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDS CONSTRUCT
- What is the company number of MDS CONSTRUCT?
- The company number of MDS CONSTRUCT is 0829.541.030. The VAT number is the same number with BE in front: BE 0829.541.030.
- Where is MDS CONSTRUCT based?
- The registered office is at Kerkweg 5, 2830 Willebroek.Company details
- What does MDS CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MDS CONSTRUCT?
- MDS CONSTRUCT is a private limited company (BV).
- When was MDS CONSTRUCT founded?
- MDS CONSTRUCT was founded on 20-09-2010.
- Is MDS CONSTRUCT still active?
- Yes, MDS CONSTRUCT is an active enterprise in the KBO register.
- How many employees does MDS CONSTRUCT have?
- MDS CONSTRUCT had an average of 0.7 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of MDS CONSTRUCT?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €108,241 and 97 comparable companies (NACE 41001). It probably lies between €250,000 and €550,000.
- Is MDS CONSTRUCT profitable?
- In financial year 2025, MDS CONSTRUCT made a profit of €46,869.
- Where can I find the annual accounts of MDS CONSTRUCT?
- MDS CONSTRUCT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDS CONSTRUCT due?
- MDS CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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