MJR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MJR CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €37k and a net result of €21k. Equity is growing by ~60.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+87
Solvency72▲+9
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.42 in 2024; short-term debt: 34.6% and cash: 7.8% of total assets), but 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.8%
Return on assets
26.8%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
56 d early
2024
37 d early
2023
34 d early
2022
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▲ 135%
2024 · €16k
2022: €6klowest in 4 years
2023: €18k▲ +220% vs 2022
2024: €16k▼ -10.5% vs 2023
2025: €37k▲ +135% vs 2024highest in 4 years
2022 → 2025
Total assets
€80k▲ 88.3%
2024 · €42k
2022: €10klowest in 4 years
2023: €24k▲ +140% vs 2022
2024: €42k▲ +78.4% vs 2023
2025: €80k▲ +88.3% vs 2024highest in 4 years
2022 → 2025
Net result
€21k
2024 · €-2k
2022: €5k
2023: €12k▲ +168% vs 2022
2024: €-2k▼ -115% vs 2023lowest in 4 years
2025: €21k▲ +1244% vs 2024highest in 4 years
2022 → 2025
Working capital
€32k▲ 193%
2024 · €11k
2022: €2klowest in 4 years
2023: €15k▲ +798% vs 2022
2024: €11k▼ -27.6% vs 2023
2025: €32k▲ +193% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€6k-€18k▲ 220%€16k▼ 10.5%€37k▲ 135%
2022: €6klowest in 4 years
2023: €18k▲ +220% vs 2022
2024: €16k▼ -10.5% vs 2023
2025: €37k▲ +135% vs 2024highest in 4 years
Operating result€6k-€16k▲ 177%€-2k€27k
2022: €6k
2023: €16k▲ +177% vs 2022
2024: €-2k▼ -116% vs 2023lowest in 4 years
2025: €27k▲ +1193% vs 2024highest in 4 years
Net result€5k-€12k▲ 168%€-2k€21k
2022: €5k
2023: €12k▲ +168% vs 2022
2024: €-2k▼ -115% vs 2023lowest in 4 years
2025: €21k▲ +1244% vs 2024highest in 4 years
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 2025: €27k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€20k ▲ 308%
Current assets
€60k ▲ 59.6%
Equity and liabilities €80k
Equity
€37k ▲ 135%
Debt
€42k ▲ 60.4%
Debt's share of the balance-sheet total falls from 62.5% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2024 · €-94
Cash flow
€27k▲
2024 · €484
Current ratio
2.17▲
2024 · 1.42
Debt to equity
1.14▼
2024 · 1.67
ROE
57.4%▲
2024 · -11.8%
ROA
26.8%▲
2024 · -4.4%
Interest coverage
57.21▲
2024 · -0.41
Debt ≤ 1 year
€28k▲
2024 · €26k
Debt > 1 year
€15k
Income taxes
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€80k▲
Fixed assets21/28€5k€20k▲
Tangible fixed assets22/27€5k€20k▲
Furniture and vehicles24€5k€20k▲
Financial fixed assets28€50€75▲
Current assets29/58€37k€60k▲
Amounts receivable within one year40/41€32k€53k▲
Trade receivables40€8k€28k▲
Other amounts receivable41€24k€25k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1-€204
Equity and liabilities
Total equity and liabilities10/49€42k€80k▲
Equity10/15€16k€37k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€15k€36k▲
Amounts payable17/49€26k€42k▲
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€26k€28k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€24k€15k▼
Suppliers440/4€24k€15k▼
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€6k▲
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€1k€33k▲
Operating profit (loss)9901€-2k€27k▲
Financial income75/76B€807€1k▲
Recurring financial income75€807€1k▲
Financial charges65/66B€229€557▲
Recurring financial charges65€229€557▲
Profit (loss) for the period before taxes9903€-2k€27k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-2k€21k▲
Profit (loss) for the period to be appropriated9905€-2k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€36k▲
Profit (loss) brought forward from the previous period14P€17k€15k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39 | €1k | €2k | €5k | ▲ 119% |
| Other operating charges640/8 | - | €535 | €2k | €1k | ▼ 26.2% |
| Gross operating margin9900 | €6k | €17k | €1k | €33k | ▲ 2,140% |
| Operating profit (loss)9901 | €6k | €16k | €-2k | €27k | ▲ 1,193% |
| Financial income75/76B | €36 | €204 | €807 | €1k | ▲ 43.3% |
| Recurring financial income75 | €36 | €204 | €807 | €1k | ▲ 43.3% |
| Financial charges65/66B | - | €161 | €229 | €557 | ▲ 144% |
| Recurring financial charges65 | - | €161 | €229 | €557 | ▲ 144% |
| Profit (loss) for the period before taxes9903 | €6k | €16k | €-2k | €27k | ▲ 1,563% |
| Income taxes67/77 | €1k | €4k | - | €6k | - |
| Profit (loss) for the period9904 | €5k | €12k | €-2k | €21k | ▲ 1,244% |
| Profit (loss) for the period to be appropriated9905 | €5k | €12k | €-2k | €21k | ▲ 1,244% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €10k | €24k | €42k | €80k | ▲ 88.3% |
| Fixed assets21/28 | €4k | €3k | €5k | €20k | ▲ 308% |
| Tangible fixed assets22/27 | €4k | €3k | €5k | €20k | ▲ 310% |
| Furniture and vehicles24 | €4k | €3k | €5k | €20k | ▲ 310% |
| Financial fixed assets28 | €50 | €50 | €50 | €75 | ▲ 50.0% |
| Current assets29/58 | €6k | €21k | €37k | €60k | ▲ 59.6% |
| Amounts receivable within one year40/41 | €4k | €12k | €32k | €53k | ▲ 64.4% |
| Trade receivables40 | €2k | €5k | €8k | €28k | ▲ 232% |
| Other amounts receivable41 | €2k | €7k | €24k | €25k | ▲ 5.1% |
| Cash at bank and in hand54/58 | €2k | €9k | €5k | €6k | ▲ 24.0% |
| Deferred charges and accrued income490/1 | - | - | - | €204 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €10k | €24k | €42k | €80k | ▲ 88.3% |
| Equity10/15 | €6k | €18k | €16k | €37k | ▲ 135% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €5k | €17k | €15k | €36k | ▲ 144% |
| Amounts payable17/49 | €4k | €6k | €26k | €42k | ▲ 60.4% |
| Amounts payable after more than one year17 | - | - | - | €15k | - |
| Financial debts170/4 | - | - | - | €15k | - |
| Amounts payable within one year42/48 | €4k | €6k | €26k | €28k | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4k | - |
| Trade debts44 | €2k | €919 | €24k | €15k | ▼ 38.6% |
| Suppliers440/4 | €2k | €919 | €24k | €15k | ▼ 38.6% |
| Taxes, remuneration and social security45 | €2k | €5k | €3k | €9k | ▲ 250% |
| Taxes450/3 | €1k | €5k | €3k | €6k | ▲ 144% |
| Remuneration and social security454/9 | €950 | €500 | - | €3k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €12k | €-2k | €21k | ▲ 1,244% |
| + Depreciation and write-downs630 | €39 | €1k | €2k | €5k | ▲ 119% |
| Operating cash flow (approximation) | €5k | €13k | €484 | €27k | ▲ 5,379% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €-20k | ▼ 332% |
| Change in cash | - | €7k | €-4k | €1k | ▲ 133% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.54
Current ratio from 1.39 to 3.54.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Linkebeek · 1 establishment unit since 2022
Ground area
1,134 m²
Building footprint
561 m²
Volume, LiDAR
4,367 m³
Parcel 22003A0047/00X008, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
1 establishment unit
MJR CONSTRUCT
since 20222.331.928.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0047/00X008 | Flanders | 1,134 m² | 1 · 561 m² | 11.6 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,771 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
Founded31-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43342Specialised construction activities
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.