MK GROUP CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of MK GROUP CONSTRUCTION is 2.6% (moderate). The 2024 annual accounts show equity of €49k and a net result of €26k. Equity is growing by ~63.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+29
Solvency71▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.36 in 2023; short-term debt: 54.5% and cash: 5.2% of total assets), but 54.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.5%
Return on assets
24.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
68 d late
2022
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€49k▲ 113%
2023 · €23k
2022: €20klowest in 3 years
2023: €23k▲ +16.9% vs 2022
2024: €49k▲ +113% vs 2023highest in 3 years
2022 → 2024
Total assets
€108k▲ 38.7%
2023 · €78k
2022: €44klowest in 3 years
2023: €78k▲ +78.0% vs 2022
2024: €108k▲ +38.7% vs 2023highest in 3 years
2022 → 2024
Net result
€26k▲ 2,748%
2023 · €918
2022: €21k
2023: €918▼ -95.6% vs 2022lowest in 3 years
2024: €26k▲ +2748% vs 2023highest in 3 years
2022 → 2024
Working capital
€47k▲ 136%
2023 · €20k
2022: €30k
2023: €20k▼ -32.7% vs 2022lowest in 3 years
2024: €47k▲ +136% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€20k-€23k▲ 16.9%€49k▲ 113%
2022: €20klowest in 3 years
2023: €23k▲ +16.9% vs 2022
2024: €49k▲ +113% vs 2023highest in 3 years
Operating result€25k-€4k▼ 85.0%€34k▲ 809%
2022: €25k
2023: €4k▼ -85.0% vs 2022lowest in 3 years
2024: €34k▲ +809% vs 2023highest in 3 years
Net result€21k-€918▼ 95.6%€26k▲ 2,748%
2022: €21k
2023: €918▼ -95.6% vs 2022lowest in 3 years
2024: €26k▲ +2748% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 809% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €108k
Fixed assets
€2k ▼ 25.5%
Current assets
€106k ▲ 41.5%
Equity and liabilities €108k
Equity
€49k ▲ 113%
Debt
€59k ▲ 7.4%
Debt's share of the balance-sheet total falls from 70.4% to 54.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▲
2023 · €4k
Cash flow
€27k▲
2023 · €2k
Current ratio
1.79▲
2023 · 1.36
Debt to equity
1.20▼
2023 · 2.38
ROE
53.1%▲
2023 · 4.0%
ROA
24.2%▲
2023 · 1.2%
Interest coverage
91.01▲
2023 · 12.75
Debt ≤ 1 year
€59k▲
2023 · €55k
Income taxes
€8k▲
2023 · €2k
Staff costs
€4k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€78k€108k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€60€60=
Current assets29/58€75k€106k▲
Amounts receivable within one year40/41€71k€100k▲
Trade receivables40€69k€99k▲
Other amounts receivable41€2k€851▼
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€113€221▲
Equity and liabilities
Total equity and liabilities10/49€78k€108k▲
Equity10/15€23k€49k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€17k€43k▲
Amounts payable17/49€55k€59k▲
Amounts payable within one year42/48€55k€59k▲
Trade debts44€22k€22k▲
Suppliers440/4€22k€22k▲
Advances received on contracts in progress46€18k-
Taxes, remuneration and social security45€15k€37k▲
Taxes450/3€8k€13k▲
Remuneration and social security454/9€7k€24k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€613€822▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€7k€40k▲
Operating profit (loss)9901€4k€34k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€342€384▲
Recurring financial charges65€342€384▲
Profit (loss) for the period before taxes9903€3k€34k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€918€26k▲
Profit (loss) for the period to be appropriated9905€918€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€43k▲
Profit (loss) brought forward from the previous period14P€16k€17k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €690 | €613 | €822 | ▲ 33.9% |
| Other operating charges640/8 | €645 | €3k | €2k | ▼ 32.6% |
| Gross operating margin9900 | €26k | €7k | €40k | ▲ 479% |
| Operating profit (loss)9901 | €25k | €4k | €34k | ▲ 809% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €165 | €342 | €384 | ▲ 12.1% |
| Recurring financial charges65 | €165 | €342 | €384 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €25k | €3k | €34k | ▲ 889% |
| Income taxes67/77 | €4k | €2k | €8k | ▲ 204% |
| Profit (loss) for the period9904 | €21k | €918 | €26k | ▲ 2,748% |
| Profit (loss) for the period to be appropriated9905 | €21k | €918 | €26k | ▲ 2,748% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €44k | €78k | €108k | ▲ 38.7% |
| Fixed assets21/28 | €547 | €3k | €2k | ▼ 25.5% |
| Tangible fixed assets22/27 | €487 | €3k | €2k | ▼ 26.0% |
| Furniture and vehicles24 | €487 | €3k | €2k | ▼ 26.0% |
| Financial fixed assets28 | €60 | €60 | €60 | = |
| Current assets29/58 | €43k | €75k | €106k | ▲ 41.5% |
| Amounts receivable within one year40/41 | €25k | €71k | €100k | ▲ 41.0% |
| Trade receivables40 | €24k | €69k | €99k | ▲ 43.3% |
| Other amounts receivable41 | €2k | €2k | €851 | ▼ 49.8% |
| Current investments50/53 | €18k | - | - | - |
| Cash at bank and in hand54/58 | - | €4k | €6k | ▲ 48.7% |
| Deferred charges and accrued income490/1 | - | €113 | €221 | ▲ 96.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €44k | €78k | €108k | ▲ 38.7% |
| Equity10/15 | €20k | €23k | €49k | ▲ 113% |
| Contributions10/11 | €4k | €6k | €6k | = |
| Profit (loss) carried forward14 | €16k | €17k | €43k | ▲ 153% |
| Amounts payable17/49 | €24k | €55k | €59k | ▲ 7.4% |
| Amounts payable within one year42/48 | €14k | €55k | €59k | ▲ 7.4% |
| Trade debts44 | €9k | €22k | €22k | ▲ 2.0% |
| Suppliers440/4 | €9k | €22k | €22k | ▲ 2.0% |
| Advances received on contracts in progress46 | - | €18k | - | - |
| Taxes, remuneration and social security45 | €4k | €15k | €37k | ▲ 143% |
| Taxes450/3 | €4k | €8k | €13k | ▲ 52.0% |
| Remuneration and social security454/9 | €102 | €7k | €24k | ▲ 255% |
| Accrued charges and deferred income492/3 | €10k | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €918 | €26k | ▲ 2,748% |
| + Depreciation and write-downs630 | €690 | €613 | €822 | ▲ 33.9% |
| Operating cash flow (approximation) | €22k | €2k | €27k | ▲ 1,661% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | ▲ 100% |
| Change in cash | - | - | €2k | - |
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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2022net €26k ▲2,748%
Operating result €34k, net result €26k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €918 ▼95.6%
Net result drops to €918, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
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, Morlanwelz · 1 establishment unit since 2024
Ground area
1,617 m²
Building footprint
206 m²
Volume, LiDAR
1,074 m³
2 parcels, Wallonia · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK GROUP CONSTRUCTION
since 20242.355.121.990
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0608/00Y000 | Wallonia | 1,365 m² | 1 · 154 m² | 11.7 m · 2 fl. |
| 56057A0893/00M000 | Wallonia | 252 m² | 1 · 52 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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C.B.T. CONCEPT
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,076 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
Founded08-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.