Active BE 0779.410.737Private limited company

MJ CONCEPT 5651

Rue du Midi(Thy) 8 ·5651 Walcourt, Belgium· 4 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

The KBO register records legal situation 050 for MJ CONCEPT 5651 (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-34k) and a net result of €-64k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-34k
Net result	€-64k
Staff (FTE)	3.5
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

25 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 33

Solvency 35

Growth 55

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 28-07-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-53.6%	39.5%	better than 5% of 3838 sector peers
Net result	€-64k	€9k	better than 5% of 3834 sector peers
Equity	€-34k	€29k	better than 5% of 3843 sector peers
Gross operating margin	€87k	€26k	better than 84% of 3831 sector peers
Staff costs	€140k	€16k	higher than 91% of 1129 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€359k

+23.5% 22-24

EBITDA

€-55k

- 22-24

Net profit

€-64k

- 22-24

Cash flow

€-59k

- 22-24

Total assets

€63k

-5.0% 22-24

Equity

€-34k

- 22-24

Working capital

€-43k

- 22-24

Employees (FTE)

4

+40.0% 22-24

Show 13 other metrics

Staff costs

€140k

+86.8% 22-24

Income taxes

€55

-99.0% 22-24

Debt

€96k

+171.6% 22-24

Debt ≤ 1y

€96k

+171.9% 22-24

Current ratio

0.56

-65.6% 22-24

Quick ratio

0.56

-65.6% 22-24

Solvency

-53.6%

- 22-24

Debt / equity

-2.87

- 22-24

ROE

190.9%

+192.7% 22-24

ROA

-102.3%

- 22-24

Net margin

-17.9%

- 22-24

EBITDA margin

-15.2%

- 22-24

Interest coverage

-12.79

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€359k
EBITDA	€-55k
Net profit	€-64k
Cash flow	€-59k
Staff costs	€140k
Income taxes	€55
Dividends	-
Total assets	€63k
Equity	€-34k
Debt	€96k
of which ≤ 1y	€96k
of which > 1y	-
Working capital	€-43k
Employees (FTE)	3.5

Ratios (computed)

	2024
Current ratio	0.56
Quick ratio	0.56
Working capital ratio	-68.1%
Solvency	-53.6%
Debt / equity	-2.87
Long-term debt ratio	-
Interest coverage	-12.79
Gross margin	24.2%
Net margin	-17.9%
ROA	-102.3%
ROE	190.9%
EBITDA margin	-15.2%
Days sales outstanding	1d
Days payable outstanding	110d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €9k · 14.6% Current assets €53k · 85.4%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€63k
Fixed assets	21/28	€9k
Tangible fixed assets	22/27	€9k
Financial fixed assets	28	€180
Current assets	29/58	€53k
Amounts receivable within one year	40/41	€29k
Investments	50/53	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€63k
Equity	10/15	€-34k
Contributions / capital	10/11	€6k
Reserves	13	€620
Accumulated profits (losses)	14	€-40k
Amounts payable	17/49	€96k
Amounts payable within one year	42/48	€96k
Trade debts payable within one year	44	€82k
Income statement
Turnover	70	€359k
Gross operating margin	9900	€87k
Operating result	9901	€-60k
Financial charges	65	€4k
Result before taxes	9903	€-64k
Income taxes	67/77	€55
Net result for the period	9904	€-64k
Result to be appropriated	9905	€-64k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company(610)
Incorporation	27-12-2021
Status	Active
Postal code	5651

Establishment units 1 location

MJ Concept

Rue Saint Pierre et Paul(Thy) 12, 5651 WalcourtAlgemene bouw van residentiële gebouwen

since 20212.326.327.937

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
93078C0240/00A003	Wallonia	510 m²	1 · 37 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

28-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

31-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

11-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Slopen43110Slopen43110Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw77320Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw77320Landschapsverzorging81300Landschapsverzorging81300

Primary activity highlighted.

Names & trade names

Legal nameFR

MJ CONCEPT 5651

Registered office

Rue du Midi(Thy) 8

5651 Walcourt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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