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 €15k and a net result of €12k. 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 €1k 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 319%
2024 · €4k
Total assets
€45k▼ 53.7%
2024 · €97k
Net result
€12k▲ 117%
2024 · €5k
Working capital
€13k▲ 247%
2024 · €4k
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€-2k-€-2k▼ 0.8%€7k€16k▲ 124%
Net result€-3k-€-2k▲ 28.5%€5k€12k▲ 117%
Equity€251-€-2k€4k€15k▲ 319%
Total assets€13k-€9k▼ 32.7%€97k▲ 1,011%€45k▼ 53.7%
Debt€13k-€10k▼ 17.9%€93k▲ 794%€30k▼ 68.1%
Working capital€251-€-2k€4k€13k▲ 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 €45k
Fixed assets
€3k
Current assets
€42k
Equity and liabilities €45k
Equity
€15k ▲ 319%
Debt
€30k ▼ 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
€17k
Cash flow
€12k
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
€30k▼
2024 · €93k
Income taxes
€4k▲
2024 · €2k
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 | €2k | €449 | ▼ 74.2% |
| Gross operating margin9900 | €-2k | €-2k | €9k | €17k | ▲ 91.5% |
| Operating profit (loss)9901 | €-2k | €-2k | €7k | €16k | ▲ 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 | €-2k | €-2k | €7k | €15k | ▲ 114% |
| Income taxes67/77 | €532 | €348 | €2k | €4k | ▲ 105% |
| Profit (loss) for the period9904 | €-3k | €-2k | €5k | €12k | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-2k | €5k | €12k | ▲ 117% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €13k | €9k | €97k | €45k | ▼ 53.7% |
| Fixed assets21/28 | - | - | - | €3k | - |
| Tangible fixed assets22/27 | - | - | - | €3k | - |
| Plant, machinery and equipment23 | - | - | - | €2k | - |
| Furniture and vehicles24 | - | - | - | €557 | - |
| Current assets29/58 | €13k | €9k | €97k | €42k | ▼ 56.4% |
| Stocks and contracts in progress3 | €1k | - | - | - | - |
| Stocks30/36 | €1k | - | - | - | - |
| Amounts receivable within one year40/41 | €10k | €3k | €90k | €38k | ▼ 57.8% |
| Trade receivables40 | €9k | €2k | €90k | €34k | ▼ 62.3% |
| Other amounts receivable41 | €990 | €1k | - | €4k | - |
| Cash at bank and in hand54/58 | €2k | €5k | €6k | €4k | ▼ 29.8% |
| Deferred charges and accrued income490/1 | - | - | €658 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €13k | €9k | €97k | €45k | ▼ 53.7% |
| Equity10/15 | €251 | €-2k | €4k | €15k | ▲ 319% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | - | €612 | €12k | ▲ 1,886% |
| Distributable reserves133 | - | - | €612 | €12k | ▲ 1,886% |
| Profit (loss) carried forward14 | €-3k | €-5k | - | - | - |
| Amounts payable17/49 | €13k | €10k | €93k | €30k | ▼ 68.1% |
| Amounts payable within one year42/48 | €13k | €10k | €93k | €30k | ▼ 68.1% |
| Trade debts44 | €10k | €5k | €33k | €14k | ▼ 57.3% |
| Suppliers440/4 | €10k | €5k | €33k | €14k | ▼ 57.3% |
| Advances received on contracts in progress46 | - | - | €56k | €9k | ▼ 84.5% |
| Taxes, remuneration and social security45 | €3k | €6k | €4k | €7k | ▲ 70.0% |
| Taxes450/3 | €3k | €880 | €4k | €7k | ▲ 66.9% |
| Remuneration and social security454/9 | - | €5k | - | €125 | - |
| Other amounts payable47/48 | - | - | €425 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-2k | €5k | €12k | ▲ 117% |
| + Depreciation and write-downs630 | - | - | - | €524 | - |
| Operating cash flow (approximation) | €-3k | €-2k | €5k | €12k | ▲ 126% |
| Change in cash | - | €4k | €752 | €-2k | ▼ 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 €12k ▲117%
Operating result €16k, net result €12k, 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 €5k
Net result €5k 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.