Mihalache Construct
ActiveMihalache Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €529. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49▲+49
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
cash: 3.5% of total assets, and 0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 23-06-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
50 d early
2022
10 d late
2021
33 d early
2020
17 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€56k▲ 1.0%
2023 · €55k
2018: €14k
2019: €58k
2020: €69k
2021: €74k
2022: €74k
2023: €55k
2018 → 2024
Total assets
€56k▼ 3.3%
2023 · €58k
2018: €104k
2019: €63k
2020: €82k
2021: €100k
2022: €82k
2023: €58k
2018 → 2024
Net result
€529
2023 · €-18k
2018: €57k
2019: €14k
2020: €11k
2021: €15k
2022: €-466
2023: €-18k
2018 → 2024
Working capital
€52k▼ 3.7%
2022 · €54k
2018: €10k
2019: €51k
2020: €44k
2021: €55k
2022: €54k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€74k▲ 7.3%€74k▼ 0.6%€55k▼ 24.8%€56k▲ 1.0%
Operating result€38k-€31k▼ 18.7%€4k▼ 87.4%€-16k€563
Net result€11k-€15k▲ 35.9%€-466€-18k▼ 3,821%€529
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €563 after a loss of €16k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56k
Fixed assets
€12k▲ 242%
Current assets
€44k▼ 19.2%
Key figures and ratios
EBITDA
€4k▲
2023 · €-15k
Cash flow
€4k▲
2023 · €-17k
Solvency
100.0%▲
2023 · 95.8%
ROE
0.9%▲
2023 · -33.1%
ROA
0.9%▲
2023 · -31.7%
Interest coverage
3.53▲
2023 · -13.31
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€58k€56k▼
Fixed assets21/28€4k€12k▲
Tangible fixed assets22/27€4k€12k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€970€10k▲
Current assets29/58€54k€44k▼
Amounts receivable after more than one year29€32k-
Other amounts receivable291€32k-
Amounts receivable within one year40/41€7k€42k▲
Trade receivables40€6k€23k▲
Other amounts receivable41€378€19k▲
Cash at bank and in hand54/58€15k€2k▼
Equity and liabilities
Total equity and liabilities10/49€58k€56k▼
Equity10/15€55k€56k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€41k€42k▲
Amounts payable17/49€2k-
Amounts payable within one year42/48€2k-
Trade debts44€2k-
Suppliers440/4€2k-
Other amounts payable47/48€764-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€15k-
Gross operating margin9900€2k€6k▲
Operating profit (loss)9901€-16k€563▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-17k€529▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-18k€529▲
Profit (loss) for the period to be appropriated9905€-18k€529▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€42k▲
Profit (loss) brought forward from the previous period14P€59k€41k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €529
Net result €529 after 2 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 22.15
Current ratio from 7.51 to 22.15; short-term debt falls from €8k to €2k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 7.51
Current ratio from 3.12 to 7.51; short-term debt falls from €26k to €8k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity times 11current ratio 11.84
Current ratio from 1.12 to 11.84; short-term debt falls from €90k to €5k.
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Chastre
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin Mahy 11450 ChastreGround area
1,110 m²
Building footprint
175 m²
Volume, LiDAR
1,098 m³
Parcel 25017C0185/00V000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017C0185/00V000 | Wallonia | 1,110 m² | 1 · 175 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
GLOBAL TOITURE
BE 0654.784.147
Sambreville · Eq €56k
FDbouw
BE 0681.798.152
Ingelmunster · Eq €56k
BELGIQDURÁN CONSTRUCT
BE 0801.178.428
Dilbeek · Eq €56k
BOUWWERKEN RD
BE 0543.672.528
Balen · Eq €56k
Weetjens Construct
BE 1000.462.354
Maaseik · Eq €56k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-07-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.