MJT construct
ActiveSummary
MJT construct has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,149 and a net result of €11,537. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+49
Solvency59▲+30
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.04 in 2024; short-term debt: 66.2% and cash: 9.4% of total assets), and 66.2% of the assets are financed with debt.
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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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
33.8%
Return on assets
25.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 4 filingsDeviation from the deadline
2025
24 d late
2024
30 d late
2023
23 d early
2022
4 d early
← 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,149▲ 319%
2024 · €3,612
Total assets
€44,880▼ 53.7%
2024 · €96,921
Net result
€11,537▲ 117%
2024 · €5,325
Working capital
€12,549▲ 247%
2024 · €3,612
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€2,302--€2,320▼ 0.8%€7,191€16,132▲ 124%
Net result-€2,749--€1,965▲ 28.5%€5,325€11,537▲ 117%
Equity€251--€1,714€3,612€15,149▲ 319%
Total assets€12,959-€8,723▼ 32.7%€96,921▲ 1,011%€44,880▼ 53.7%
Debt€12,708-€10,437▼ 17.9%€93,309▲ 794%€29,731▼ 68.1%
Working capital€251--€1,714€3,612€12,549▲ 247%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 124% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,880
Fixed assets
€2,600
Current assets
€42,280
Equity and liabilities €44,880
Equity
€15,149 ▲ 319%
Debt
€29,731 ▼ 68.1%
Debt's share of the balance-sheet total falls from 96.3% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,656
Cash flow
€12,061
Current ratio
1.42▲
2024 · 1.04
Debt to equity
1.96▼
2024 · 25.83
ROE
76.2%▼
2024 · 147.4%
ROA
25.7%▲
2024 · 5.5%
Interest coverage
22.64
Debt ≤ 1 year
€29,731▼
2024 · €93,309
Income taxes
€3,859▲
2024 · €1,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €524 | - |
| Other operating charges640/8 | €170 | €737 | €1,743 | €449 | ▼ 74.2% |
| Gross operating margin9900 | -€2,132 | -€1,583 | €8,934 | €17,105 | ▲ 91.5% |
| Operating profit (loss)9901 | -€2,302 | -€2,320 | €7,191 | €16,132 | ▲ 124% |
| Financial income75/76B | €158 | €876 | €303 | - | - |
| Recurring financial income75 | €158 | €876 | €303 | - | - |
| Financial charges65/66B | €73 | €172 | €287 | €736 | ▲ 156% |
| Recurring financial charges65 | €73 | €172 | €287 | €736 | ▲ 156% |
| Profit (loss) for the period before taxes9903 | -€2,217 | -€1,617 | €7,207 | €15,396 | ▲ 114% |
| Income taxes67/77 | €532 | €348 | €1,881 | €3,859 | ▲ 105% |
| Profit (loss) for the period9904 | -€2,749 | -€1,965 | €5,325 | €11,537 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | -€2,749 | -€1,965 | €5,325 | €11,537 | ▲ 117% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €12,959 | €8,723 | €96,921 | €44,880 | ▼ 53.7% |
| Fixed assets21/28 | - | - | - | €2,600 | - |
| Tangible fixed assets22/27 | - | - | - | €2,600 | - |
| Plant, machinery and equipment23 | - | - | - | €2,043 | - |
| Furniture and vehicles24 | - | - | - | €557 | - |
| Current assets29/58 | €12,959 | €8,723 | €96,921 | €42,280 | ▼ 56.4% |
| Stocks and contracts in progress3 | €1,008 | - | - | - | - |
| Stocks30/36 | €1,008 | - | - | - | - |
| Amounts receivable within one year40/41 | €10,428 | €3,436 | €90,225 | €38,043 | ▼ 57.8% |
| Trade receivables40 | €9,438 | €2,416 | €90,225 | €34,017 | ▼ 62.3% |
| Other amounts receivable41 | €990 | €1,020 | - | €4,026 | - |
| Cash at bank and in hand54/58 | €1,523 | €5,287 | €6,039 | €4,237 | ▼ 29.8% |
| Deferred charges and accrued income490/1 | - | - | €658 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €12,959 | €8,723 | €96,921 | €44,880 | ▼ 53.7% |
| Equity10/15 | €251 | -€1,714 | €3,612 | €15,149 | ▲ 319% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | €612 | €12,149 | ▲ 1,886% |
| Distributable reserves133 | - | - | €612 | €12,149 | ▲ 1,886% |
| Profit (loss) carried forward14 | -€2,749 | -€4,714 | - | - | - |
| Amounts payable17/49 | €12,708 | €10,437 | €93,309 | €29,731 | ▼ 68.1% |
| Amounts payable within one year42/48 | €12,708 | €10,437 | €93,309 | €29,731 | ▼ 68.1% |
| Trade debts44 | €10,206 | €4,845 | €33,217 | €14,174 | ▼ 57.3% |
| Suppliers440/4 | €10,206 | €4,845 | €33,217 | €14,174 | ▼ 57.3% |
| Advances received on contracts in progress46 | - | - | €55,585 | €8,618 | ▼ 84.5% |
| Taxes, remuneration and social security45 | €2,502 | €5,592 | €4,082 | €6,939 | ▲ 70.0% |
| Taxes450/3 | €2,502 | €880 | €4,082 | €6,814 | ▲ 66.9% |
| Remuneration and social security454/9 | - | €4,712 | - | €125 | - |
| Other amounts payable47/48 | - | - | €425 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,749 | -€1,965 | €5,325 | €11,537 | ▲ 117% |
| + Depreciation and write-downs630 | - | - | - | €524 | - |
| Operating cash flow (approximation) | -€2,749 | -€1,965 | €5,325 | €12,061 | ▲ 126% |
| Change in cash | - | €3,765 | €752 | -€1,802 | ▼ 340% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2022net €11,537 ▲117%
Operating result €16,132, net result €11,537, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €5,325
Net result €5,325 after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hasselt · 1 establishment unit since 2022
Ground area
464 m²
Building footprint
135 m²
Volume, LiDAR
756 m³
Parcel 71322A0013/00S003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MJT construct
since 20222.327.572.606
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0013/00S003 | Flanders | 464 m² | 1 · 135 m² | 8.9 m · 2 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 9,698 companies in sector 68121 we hold annual accounts for 7,385. 3,663 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
Founded07-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.