MED CONSTRUCT
ActiveSummary
For MED CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €21,664 and a net result of €9,426. Its solvency ranks better than 63% of 33672 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2021
Profitability99▲+38
Solvency81▲+11
Growth78
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
56.3%
Return on assets
24.5%
Age of the figures
39 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 07-12-2023, 55 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
55 d early
2021
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 2023, micro schema
Turnover
€385,451
EBIT margin
0.7%
Net result
€9,426▲ 383%
2021 · €1,953
Working capital
€18,740▲ 873%
2021 · €1,925
Trend over the years
Click a name to add, emphasise or remove a line.
Available amounts per fiscal year
Line20212023
Turnover€385,451-
Operating result€2,743-€12,508-
Net result€1,953-€9,426-
EBIT margin0.7%-
Equity€2,953-€21,664-
Total assets€6,495-€38,471-
Debt€3,542-€16,807-
Working capital€1,925-€18,740-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €12,508 in 2023, compared with €2,743 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2021 as the grey bar beneath
Assets €38,471
Fixed assets
€2,925 ▲ 185%
Current assets
€35,547 ▲ 550%
Equity and liabilities €38,471
Equity
€21,664 ▲ 634%
Debt
€16,807 ▲ 374%
Debt's share of the balance-sheet total falls from 54.5% to 43.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,246▲
2021 · €2,799
Cash flow
€10,164▲
2021 · €2,009
Current ratio
2.11▲
2021 · 1.54
Debt to equity
0.78
ROE
43.5%▼
2021 · 66.1%
ROA
24.5%▼
2021 · 30.1%
Interest coverage
41.30
Debt ≤ 1 year
€16,807▲
2021 · €3,542
Income taxes
€2,765▲
2021 · €687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €385,451 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56 | €738 | - |
| Other operating charges640/8 | - | €766 | - |
| Gross operating margin9900 | €3,146 | €14,012 | - |
| Operating profit (loss)9901 | €2,743 | €12,508 | - |
| Financial income75/76B | - | €4 | - |
| Recurring financial income75 | €1 | €4 | - |
| Financial charges65/66B | - | €321 | - |
| Recurring financial charges65 | €103 | €321 | - |
| Profit (loss) for the period before taxes9903 | €2,640 | €12,191 | - |
| Income taxes67/77 | €687 | €2,765 | - |
| Profit (loss) for the period9904 | €1,953 | €9,426 | - |
| Profit (loss) for the period to be appropriated9905 | €1,953 | €9,426 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €6,495 | €38,471 | - |
| Fixed assets21/28 | €1,028 | €2,925 | - |
| Tangible fixed assets22/27 | €951 | €2,849 | - |
| Furniture and vehicles24 | - | €2,849 | - |
| Financial fixed assets28 | €76 | €76 | - |
| Current assets29/58 | €5,468 | €35,547 | - |
| Amounts receivable within one year40/41 | €1,857 | €34,961 | - |
| Other amounts receivable41 | - | €34,961 | - |
| Cash at bank and in hand54/58 | €3,610 | €585 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €6,495 | €38,471 | - |
| Equity10/15 | €2,953 | €21,664 | - |
| Contributions10/11 | - | €1,000 | - |
| Profit (loss) carried forward14 | €1,953 | €20,664 | - |
| Amounts payable17/49 | €3,542 | €16,807 | - |
| Amounts payable within one year42/48 | €3,542 | €16,807 | - |
| Financial debts43 | - | €1,036 | - |
| Credit institutions430/8 | - | €1,036 | - |
| Trade debts44 | €2,855 | €10,319 | - |
| Suppliers440/4 | - | €10,319 | - |
| Taxes, remuneration and social security45 | - | €5,452 | - |
| Taxes450/3 | - | €5,452 | - |
| Line | 2021 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,953 | €9,426 | - |
| + Depreciation and write-downs630 | €56 | €738 | - |
| Operating cash flow (approximation) | €2,009 | €10,164 | - |
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
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
NBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Fleurus · 1 establishment unit since 2020
Ground area
218 m²
Building footprint
130 m²
Volume, LiDAR
1,180 m³
Parcel 52071C1300/00C004, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MED CONSTRUCT
since 20202.302.430.602
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52071C1300/00C004 | Wallonia | 218 m² | 1 · 130 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
Valentine Construct
BE 1019.584.915
Cerfontaine · Eq €21,665
VR46 RENOVATIONS
BE 0764.624.868
Dilbeek · Eq €21,666
BUCH CONSTRUCT
BE 0696.791.580
Ukkel · Eq €21,659
MAN PROJECT
BE 0805.796.024
Brussel · Eq €21,680
IBOURT
BE 0631.696.662
Gavere · Eq €21,648
Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 5,299 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded03-01-2020
Fiscal year end30-06
Abbreviation FR
MED
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
marius.burlacu85@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740732679
Also
9925:BE0740732679
Registered
15-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.