Mike Construct
ActiveSummary
The computed 12-month bankruptcy probability of Mike Construct is 2.2% (moderate). The 2025 annual accounts show equity of €4,999 and a net result of €320. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 2218 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-18
Solvency53▲+13
Growth55=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.39 against 1.16 in 2024; short-term debt: 71.7% of total assets), and 71.7% of the assets are financed with debt.
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Signals
Five 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 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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €4,999
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
47 d late
2024
7 d late
2023
on the day
2022
12 d early
2021
2 d late
2020
59 d late
← 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 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
€90,248▼ 14.7%
2021 · €105,740
EBIT margin
-8.7%▼ 8.2pp
2021 · -0.5%
Net result
€320▼ 80.7%
2024 · €1,658
Working capital
€4,915▲ 12.9%
2024 · €4,355
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€105,740▲ 115%€90,248▼ 14.7%
Operating result-€522-€7,820▼ 1,398%€7,991€2,395▼ 70.0%€1,316▼ 45.0%
Net result-€3,025below the sector's middle half-€8,624below the sector's middle half▼ 185%€6,410within the sector's middle half€1,658within the sector's middle half▼ 74.1%€320within the sector's middle half▼ 80.7%
EBIT margin-0.5%▼ 13.8pp-8.7%▼ 8.2pp
Equity€5,234below the sector's middle half▼ 36.6%-€3,390below the sector's middle half€3,020below the sector's middle half€4,678below the sector's middle half▲ 54.9%€4,999below the sector's middle half▲ 6.9%
Total assets€21,580below the sector's middle half▼ 11.9%€26,522below the sector's middle half▲ 22.9%€16,193below the sector's middle half▼ 38.9%€31,540below the sector's middle half▲ 94.8%€17,636below the sector's middle half▼ 44.1%
Debt€16,347▲ 0.7%€29,912▲ 83.0%€13,173▼ 56.0%€26,862▲ 104%€12,637▼ 53.0%
Working capital€3,758below the sector's middle half▼ 21.1%-€4,362below the sector's middle half€2,458below the sector's middle half€4,355below the sector's middle half▲ 77.2%€4,915below the sector's middle half▲ 12.9%
Solvency24.3%within the sector's middle half▼ 9.5pp-12.8%below the sector's middle half▼ 37.0pp18.7%within the sector's middle half▲ 31.4pp14.8%within the sector's middle half▼ 3.8pp28.3%within the sector's middle half▲ 13.5pp
Current ratio1.23within the sector's middle half▼ 0.070.85below the sector's middle half▼ 0.381.19within the sector's middle half▲ 0.331.16within the sector's middle half▼ 0.021.39within the sector's middle half▲ 0.23
Return on assets (ROA)-14.0%below the sector's middle half▼ 35.5pp-32.5%below the sector's middle half▼ 18.5pp39.6%above the sector's middle half▲ 72.1pp5.3%within the sector's middle half▼ 34.3pp1.8%within the sector's middle half▼ 3.4pp
Staff (FTE)0.3below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,636
Fixed assets
€83 ▼ 74.2%
Current assets
€17,553 ▼ 43.8%
Equity and liabilities €17,636
Equity
€4,999 ▲ 6.9%
Debt
€12,637 ▼ 53.0%
Debt's share of the balance-sheet total falls from 85.2% to 71.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,556▼
2024 · €2,634
Cash flow
€560▼
2024 · €1,897
Quick ratio
0.04▼
2024 · 0.60
Debt to equity
2.53▼
2024 · 5.74
ROE
6.4%▼
2024 · 35.4%
Interest coverage
1.90▼
2024 · 3.57
Debt ≤ 1 year
€12,637▼
2024 · €26,862
Income taxes
€179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,273 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €105,740 | €90,248 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €103,550 | €96,816 | €89,531 | €63,947 | €27,482 | ▼ 57.0% |
| Remuneration, social security and pensions62 | €2,174 | €559 | €247 | €236 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €584 | €410 | €239 | €239 | = |
| Other operating charges640/8 | €37 | €110 | €624 | €2,670 | €1,063 | ▼ 60.2% |
| Gross operating margin9900 | €2,190 | -€6,568 | €9,271 | €5,540 | €2,619 | ▼ 52.7% |
| Operating profit (loss)9901 | -€522 | -€7,820 | €7,991 | €2,395 | €1,316 | ▼ 45.0% |
| Financial income75/76B | €9 | €3 | €68 | - | - | - |
| Recurring financial income75 | €9 | €3 | €68 | - | - | - |
| Financial charges65/66B | €2,512 | €806 | €1,648 | €737 | €817 | ▲ 10.9% |
| Recurring financial charges65 | €901 | €806 | €1,648 | €737 | €817 | ▲ 10.9% |
| Non-recurring financial charges66B | €1,611 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€3,025 | -€8,624 | €6,410 | €1,658 | €499 | ▼ 69.9% |
| Income taxes67/77 | - | - | - | - | €179 | - |
| Profit (loss) for the period9904 | -€3,025 | -€8,624 | €6,410 | €1,658 | €320 | ▼ 80.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,025 | -€8,624 | €6,410 | €1,658 | €320 | ▼ 80.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,580 | €26,522 | €16,193 | €31,540 | €17,636 | ▼ 44.1% |
| Fixed assets21/28 | €1,556 | €972 | €562 | €323 | €83 | ▼ 74.2% |
| Tangible fixed assets22/27 | €1,556 | €972 | €562 | €323 | €83 | ▼ 74.2% |
| Plant, machinery and equipment23 | €1,556 | €972 | €562 | €323 | €83 | ▼ 74.2% |
| Current assets29/58 | €20,025 | €25,550 | €15,631 | €31,218 | €17,553 | ▼ 43.8% |
| Stocks and contracts in progress3 | €13,458 | €7,995 | €10,000 | €15,000 | €17,000 | ▲ 13.3% |
| Contracts in progress37 | €13,458 | €7,995 | €10,000 | €15,000 | €17,000 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €6,566 | €15,553 | €4,684 | €15,562 | - | - |
| Trade receivables40 | €4,655 | €15,553 | €2,353 | €15,311 | - | - |
| Other amounts receivable41 | €1,911 | - | €2,331 | €251 | - | - |
| Cash at bank and in hand54/58 | - | €1,878 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €124 | €947 | €655 | €553 | ▼ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,580 | €26,522 | €16,193 | €31,540 | €17,636 | ▼ 44.1% |
| Equity10/15 | €5,234 | -€3,390 | €3,020 | €4,678 | €4,999 | ▲ 6.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €2,000 | - | - | €1,000 | €1,000 | = |
| Distributable reserves133 | €2,000 | - | - | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €234 | -€6,390 | €20 | €678 | €999 | ▲ 47.3% |
| Amounts payable17/49 | €16,347 | €29,912 | €13,173 | €26,862 | €12,637 | ▼ 53.0% |
| Amounts payable within one year42/48 | €16,267 | €29,912 | €13,173 | €26,862 | €12,637 | ▼ 53.0% |
| Financial debts43 | €1,210 | - | €3,542 | €5,086 | €3,150 | ▼ 38.1% |
| Credit institutions430/8 | €1,210 | - | €3,542 | €5,086 | €3,150 | ▼ 38.1% |
| Trade debts44 | €7,124 | €16,641 | €4,254 | €6,802 | €2,052 | ▼ 69.8% |
| Suppliers440/4 | €7,124 | €16,641 | €4,254 | €6,802 | €2,052 | ▼ 69.8% |
| Advances received on contracts in progress46 | - | €6,922 | - | €10,849 | - | - |
| Taxes, remuneration and social security45 | €4,388 | €2,763 | €1,800 | €2,776 | €1,220 | ▼ 56.0% |
| Taxes450/3 | €1,395 | €963 | - | €1,576 | €1,220 | ▼ 22.6% |
| Remuneration and social security454/9 | €2,993 | €1,800 | €1,800 | €1,200 | - | - |
| Other amounts payable47/48 | €3,544 | €3,585 | €3,577 | €1,350 | €6,215 | ▲ 360% |
| Accrued charges and deferred income492/3 | €80 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,025 | -€8,624 | €6,410 | €1,658 | €320 | ▼ 80.7% |
| + Depreciation and write-downs630 | €500 | €584 | €410 | €239 | €239 | = |
| Operating cash flow (approximation) | -€2,525 | -€8,040 | €6,820 | €1,897 | €560 | ▼ 70.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 47 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €6,410
Net result €6,410 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€8,624
Net result drops to -€8,624, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Quévy · 1 establishment unit since 2020
Ground area
1,347 m²
Building footprint
134 m²
Volume, LiDAR
270 m³
2 parcels, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mike Construct
since 20202.307.262.586
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53029A0020/00F000 | Wallonia | 1,010 m² | 1 · 96 m² | - |
| 53028C1345/00E000 | Wallonia | 337 m² | 1 · 38 m² | 9.1 m · 3 fl. |
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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 6,445 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
Founded25-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
Contact
E-mail
mike.molle28@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747563855
Also
9925:BE0747563855
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.