Result
€48,389 €48,389
Back in profit in 2025, after a loss of €14,515 in 2024.
Mendes Construct
Overview
Lifetime
3 annual accounts with figures on one time axispeak €67,870 (2025)
€67,870▲ €79,447
lowest -€14,515 (2024)
€48,389▲ €62,904
peak €72,896 (2025)
€72,896▲ 197%
€59,532▲ 370%
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from -€11,576 to €67,870Back to profit: €48,389Equity from €24,507 to €72,896Debts from €12,668 to €59,532Cash from €7,803 to €61,731
Key points
from the 2025 annual accountsTurnover
≈ €350,000 estimated
The micro format states no turnover.
Position in the sector
€48,389
Higher net result than 87% of companies in construction of buildings. Sector median €8,543 · 9,442 companies.
Checked score
88
Excellent
Financially stronger than 86% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% 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 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.8 percentage points vs 07-2025
09-2025: 1.7%● unchanged vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.9%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 1.6%▼ -0.3 percentage points vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▼ -1.3 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2022
lowers risk
Liquidity: current ratio 7.78, cash €61,731
Equity €72,896 (55.0% of total assets)
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 63% of them on solvency, 96% on liquidity, 91% on profitability and 94% 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, 39,278 companies had the same profile as Mendes Construct has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Mendes Construct itself: 0.4% 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 39,278 companies, not a prediction for Mendes 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 €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.78 (5.96 in 2024), above the usual 1.5. Short-term debt is 12.7% and cash 46.6% of total assets. 45% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 days early
2024
29 days early
2023
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 15 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 2 July (3 of the last 3 accounts filed within 43 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
First establishment
Gentse Steenweg 226, Zottegem
Incorporation
published on 28-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mendes Construct Zottegem | - | - | 55.0% | - |
| NEW CONSTRUCT Dendermonde | €269,992 | 22.6% | 47.4% | - |
| STETCO Aalter | - | - | 79.0% | - |
| GUILLAUME SMEKENS Ghent | - | - | 62.0% | - |
| DUPA Oudenaarde | - | - | 77.3% | - |
| Bacco Projects Deinze | - | - | 85.5% | - |
| S&S Ghent | €560,710 | 8.6% | 56.4% | - |
These companies have the same main activity as Mendes Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €114,000 and €155,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 25-09-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.336.042.0909620 Zottegem, since 01-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €67,870
- €48,389
- €72,896▲ 197%
- €132,428▲ 256%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on Mendes Construct
Mendes Construct files the micro format. That format states no turnover. The gross margin rose from €53,548 in 2023 to €67,870 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 01-07-2026, 30 days before the deadline€67,870
▲ €79,447
€64,280
▲ €78,316
€48,389
▲ €62,904
€113,790
▲ 298%
55.0%
▼ 10.9 percentage points
7.78
▲ 1.82
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €350,000. Estimated: probably between €260,000 and €590,000.
Balance sheet
balance sheet total €132,428 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
55.0%
Higher than 63% of 9,452 companies in 2025.
7.78
Higher than 93% of 9,200 companies in 2025.
36.5%
Higher than 89% of 9,272 companies in 2025.
Mendes Construct
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
132,428 | 37,175 | 55,561 | |
20 |
- | - | 35 | |
21/28 |
1,843 | 2,799 | 924 | |
22/27 |
1,791 | 2,747 | 872 | |
24 |
1,791 | 2,747 | 872 | |
28 |
52 | 52 | 52 | |
29/58 |
130,585 | 34,376 | 54,601 | |
3 |
54,702 | 9,585 | 23,099 | |
30/36 |
54,702 | 9,585 | 23,099 | |
40/41 |
12,101 | 15,710 | 3,584 | |
41 |
12,101 | 15,710 | 3,584 | |
54/58 |
61,731 | 7,803 | 27,919 | |
490/1 |
2,051 | 1,278 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
132,428 | 37,175 | 55,561 | |
10/15 |
72,896 | 24,507 | 39,022 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
69,896 | 36,022 | 36,022 | |
133 |
69,896 | 36,022 | 36,022 | |
14 |
- | -14,515 | - | |
17/49 |
59,532 | 12,668 | 16,538 | |
42/48 |
16,795 | 5,768 | 16,538 | |
42 |
15,000 | 5,000 | 16,000 | |
44 |
1,127 | 768 | 538 | |
440/4 |
1,127 | 768 | 538 | |
45 |
668 | - | - | |
450/3 |
668 | - | - | |
492/3 |
42,737 | 6,900 | - | |
| Income statement | ||||
9900 |
67,870 | -11,576 | 53,548 | |
630 |
955 | 573 | 2,290 | |
640/8 |
2,635 | 1,887 | 1,068 | |
9901 |
64,280 | -14,036 | 50,191 | |
75/76B |
10 | 0 | - | |
75 |
10 | 0 | - | |
65/66B |
233 | 479 | 78 | |
65 |
233 | 479 | 78 | |
9903 |
64,057 | -14,515 | 50,113 | |
67/77 |
15,668 | - | 14,091 | |
9904 |
48,389 | -14,515 | 36,022 | |
9905 |
48,389 | -14,515 | 36,022 | |
| Appropriation of the result | ||||
9906 |
33,874 | -14,515 | 36,022 | |
14P |
-14,515 | - | - | |
691/2 |
33,874 | - | 36,022 | |
6921 |
33,874 | - | 36,022 | |
| Document | ||||
The notes to these accounts have 5 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 01-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 65,236 | -13,463 | 52,481 | ||
| 49,345 | -13,942 | 38,312 | ||
| 0 | 2,412 | 1,250 | ||
| 53,928 | -20,116 | - | ||
| 113,790 | 28,609 | 38,063 | ||
| 55.0% | 65.9% | 70.2% | ||
| 7.78 | 5.96 | 3.30 | ||
| 4.52 | 4.30 | 1.90 | ||
| 0.82 | 0.52 | 0.42 | ||
| 66.4% | -59.2% | 92.3% | ||
| 36.5% | -39.0% | 64.8% | ||
| over 100 | -28.11 | over 100 |
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 |
|---|---|---|---|
| Tangible fixed assets | - | €2,412 | €1,198 |
| Financial fixed assets | - | - | €52 |
| €955 | €573 | €2,290 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Mendes Construct
The operating result for 2025 is a profit of €64,280, after a loss of €14,036 in 2024. It is the highest result since 2023.
Debt's share of the balance-sheet total rises from 34.1% to 45.0%. Equity and debt are higher.
Timeline
Timeline
7 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 30 days before the deadline
2025
Back to profit net €48,389 The net result is €48,389, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 29 days before the deadline
2024
Weakest financial year net -€14,515 The net result drops to -€14,515, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 13 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0791.360.048
- VAT number
- BE 0791.360.048
- Peppol ID
- 0208:0791360048
- Other Peppol ID
- 9925:BE0791360048
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 25-09-2022
- Financial year
- ends on 31 December
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Mendes Construct in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43310
Plastering work
43320
Joinery installation
43341
Painting of buildings
Codes under NACEBEL 2008
41201
General construction of buildings main activity
43310
Plastering work
43320
Joinery installation
43332
Laying of wooden floor and wall coverings
43341
Painting of buildings
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gentse Steenweg 226 registered office 9620 Zottegem | 01-10-2022 | 2.336.042.090 |
Buildings and parcels at the address
- Ground area
- 231 m²
- Buildings
- 128 m²
- Volume, LiDAR
- 731 m³
- Tallest building
- 10.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41035A0172/00T000 | 231 m² | 1 · 128 m² | 10.8 m · 2 |
Contact
E-mail
mendesconstruct@gmail.com establishment in Zottegem
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0791.360.048