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MK CONSTRUCT

Active Risk: low
Private limited company (pre-2019)founded 200521 yrs activeAugustijnenstraat 108, 8900 Ieper, BelgiumKBO/BCE: BE 0875.906.634
Summary

MK CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,224 and a net result of €207. Equity is growing by ~5.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability46▲+20
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 21 years 0 30 y
neutral · Filed after the deadline
The financial year that closed on 15-06-2025 was due by 15-01-2026 and was filed on 11-02-2026, 27 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 · 10 filings
Deviation from the deadline
2025
27 d late
2024
16 d late
2023
28 d late
2022
33 d late
2021
61 d late
2020
18 d late
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 22 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 15-06-2026 and is due by 15-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
15-06-2026 close28-09-2026 today15-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 September 2005, MK CONSTRUCT was incorporated.1 Total assets went from EUR 84,053 in 2019 to EUR 6,224 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€1,920
EBIT margin
-485.6%
Net result
€207
2024 · -€297
Working capital
€6,017▼ 88.8%
2023 · €53,814
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
Line20212022202320242025
Turnover€1,920
Operating result-€9,323▼ 14.1%-€2,603▲ 72.1%-€2,014▲ 22.6%-€297▲ 85.3%€207
Net result-€1,187▼ 13.5%€1,635€1,727▲ 5.6%-€297€207
EBIT margin-485.6%
Equity€2,952▼ 28.7%€4,587▲ 55.4%€6,314▲ 37.6%€6,017▼ 4.7%€6,224▲ 3.4%
Total assets€94,039▲ 7.8%€54,084▼ 42.5%€55,741▲ 3.1%€6,632▼ 88.1%€6,224▼ 6.2%
Debt€91,087▲ 9.6%€49,497▼ 45.7%€49,427▼ 0.1%€615▼ 98.8%
Working capital€50,452▼ 2.3%€52,087▲ 3.2%€53,814▲ 3.3%€6,017▼ 88.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0Operating result 2021: -€9,323-€9,323Net result 2021: -€1,187-€1,187Operating result 2022: -€2,603-€2,603Net result 2022: €1,635€1,635Operating result 2023: -€2,014-€2,014Net result 2023: €1,727€1,727Operating result 2024: -€297-€297Net result 2024: -€297-€297Operating result 2025: €207€207Net result 2025: €207€20720212022202320242025-€3,000-€2,000-€1,000€0€1,000€2,000Operating result 2023: -€2,014-€2,010Net result 2023: €1,727€1,730Operating result 2024: -€297-€297Net result 2024: -€297-€297Operating result 2025: €207€207Net result 2025: €207€207202320242025
The operating result returns to profit in 2025: €207 after a loss of €297 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
100.0%▲
2024 · 90.7%
ROE
3.3%▲
2024 · -4.9%
ROA
3.3%▲
2024 · -4.5%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 17,027 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€6,632€6,224▼
Current assets29/58€6,632€6,224▼
Amounts receivable within one year40/41€6,632€6,224▼
Other amounts receivable41€6,632€6,224▼
Equity and liabilities
Total equity and liabilities10/49€6,632€6,224▼
Equity10/15€6,017€6,224▲
Contributions10/11€28,000€28,000=
Reserves13€2,800€2,800=
Non-distributable reserves130/1€2,800€2,800=
Reserves not available under the articles1311€2,800€2,800=
Profit (loss) carried forward14-€24,783-€24,576▲
Amounts payable17/49€615-
Amounts payable within one year42/48€615-
Trade debts44€615-
Suppliers440/4€615-
Income statement Code20242025
Other operating charges640/8-€126
Gross operating margin9900-€297€333▲
Operating profit (loss)9901-€297€207▲
Profit (loss) for the period before taxes9903-€297€207▲
Profit (loss) for the period9904-€297€207▲
Profit (loss) for the period to be appropriated9905-€297€207▲
Appropriation of the result
Profit (loss) to be appropriated9906-€24,783-€24,576▲
Profit (loss) brought forward from the previous period14P-€24,486-€24,783▼
Transfer to equity691/2-€0
To the legal reserve6920-€0

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€1,920-----
Goods, raw materials, services and sundry goods60/61-€2,603----
Other operating charges640/8--€465-€126-
Gross operating margin9900-€8,745-€2,603-€1,549-€297€333▲ 212%
Operating profit (loss)9901-€9,323-€2,603-€2,014-€297€207▲ 170%
Financial income75/76B-€4,238€3,741---
Recurring financial income75€8,222€4,238€3,741---
Recurring financial charges65€85-----
Profit (loss) for the period before taxes9903-€1,187€1,635€1,727-€297€207▲ 170%
Profit (loss) for the period9904-€1,187€1,635€1,727-€297€207▲ 170%
Profit (loss) for the period to be appropriated9905-€1,187€1,635€1,727-€297€207▲ 170%
Line20212022202320242025Change
Assets
Total assets20/58€94,039€54,084€55,741€6,632€6,224▼ 6.2%
Current assets29/58€94,039€54,084€55,741€6,632€6,224▼ 6.2%
Amounts receivable within one year40/41€93,840€54,040€55,741€6,632€6,224▼ 6.2%
Other amounts receivable41-€54,040€55,741€6,632€6,224▼ 6.2%
Cash at bank and in hand54/58€199€44----
Equity and liabilities
Total equity and liabilities10/49€94,039€54,084€55,741€6,632€6,224▼ 6.2%
Equity10/15€2,952€4,587€6,314€6,017€6,224▲ 3.4%
Contributions10/11-€28,000€28,000€28,000€28,000=
Reserves13€2,800€2,800€2,800€2,800€2,800=
Non-distributable reserves130/1-€2,800€2,800€2,800€2,800=
Reserves not available under the articles1311-€2,800€2,800€2,800€2,800=
Profit (loss) carried forward14-€27,848-€26,213-€24,486-€24,783-€24,576▲ 0.8%
Amounts payable17/49€91,087€49,497€49,427€615--
Amounts payable after more than one year17€47,500€47,500€47,500---
Financial debts170/4-€47,500€47,500---
Amounts payable within one year42/48€43,587€1,997€1,927€615--
Financial debts43-€4€4---
Credit institutions430/8-€4€4---
Trade debts44€41,776€182€112€615--
Suppliers440/4-€182€112€615--
Other amounts payable47/48-€1,811€1,811---
Line20212022202320242025Change
Profit (loss) for the period9904-€1,187€1,635€1,727-€297€207▲ 170%
Operating cash flow (approximation)-€1,187€1,635€1,727-€297€207▲ 170%
Change in cash--€155----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 15-01-2027
2026
11-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
15-06
Financial Back to profitnet €207
Net result €207 after one loss-making year.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
12-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
17-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 33 days late
2022
15-06
Financial Back to profitnet €1,635
Net result €1,635 after 2 loss-making years.
15-06
Financial Liquidity times 13current ratio 27.09
Current ratio from 2.16 to 27.09; short-term debt falls from €43,587 to €1,997.
17-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
15-06
Financial Weakest financial yearnet -€1,187
Net result drops to -€1,187, the lowest in the series; recovery starts the following year.
02-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2019
16-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
17-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Ieper · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
585 m²
Building footprint
127 m²
Volume, LiDAR
466 m³
Parcel 33304B0222/00Z002, Flanders · tallest building 4.5 m, ±1 floor. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MK CONSTRUCT
Augustijnenstraat 108, 8900 IeperRaising of dairy cattle
since 20052.148.890.785
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33304B0222/00Z002 Flanders 585 m² 1 · 127 m² 4.5 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded07-09-2005
Fiscal year end15-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.