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MKL CONSTRUCT

Active
General partnershipfounded 2019active for 7 yearsFaluintjesstraat 109, 9310 Aalst, BelgiumKBO/BCE: BE 0718.744.660
Summary

The computed 12-month bankruptcy probability of MKL CONSTRUCT is 2.3% (moderate). For MKL CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €25,972 and a net result of €12,416. Its solvency ranks better than 45% of 27,235 sector peers (NACE 43, financial year 2021). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Site preparation
NACE 43120
1 site
Size
€205,721turnover 2021
Equity
€25,972
Profit
€12,416
Financial health
Bankruptcy probabilitywithin 12 months
2.3%
2021 figures too old to score
Structure
2022 accounts not filed, 1184 days past the deadline1 of 5 deeds summarised
Signalsraises riskFigures for financial year 2021 (filed 14-03-2022)Size: turnover €205,721, total assets €67,396Two or more financial years not filedlowers riskLiquidity: current ratio 1.52, cash €33,969Legal form: general partnershipneutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Strong
Solvency 64-21
equity 38.5% of total assets
Liquidity 76+43
short-term debt 48.9% · cash 50.4%
Profitability 70+5
return on assets 18.4%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,640 companies, NACE 43, micro)
Last 24 months 11-2024: 9.9%highest value 12-2024: 9.9%● unchanged vs 11-2024highest value 01-2025: 9.9%● unchanged vs 12-2024highest value 02-2025: 9.9%● unchanged vs 01-2025highest value 03-2025: 9.9%● unchanged vs 02-2025highest value 04-2025: 4.7%▼ -5.2 percentage points vs 03-2025 05-2025: 4.7%● unchanged vs 04-2025 06-2025: 4.7%● unchanged vs 05-2025 07-2025: 4.7%● unchanged vs 06-2025 08-2025: 4.6%▼ -0.1 percentage points vs 07-2025 09-2025: 4.6%● unchanged vs 08-2025 10-2025: 4.6%● unchanged vs 09-2025 11-2025: 4.6%● unchanged vs 10-2025 12-2025: 4.6%● unchanged vs 11-2025 01-2026: 2.3%▼ -2.3 percentage points vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.3%● unchanged vs 02-2026 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 2.3%● unchanged vs 04-2026 06-2026: 2.4%▲ +0.1 percentage points vs 05-2026 07-2026: 2.4%● unchanged vs 06-2026 08-2026: 2.4%● unchanged vs 07-2026 09-2026: 2.4%● unchanged vs 08-2026 10-2026: 2.3%▼ -0.1 percentage points vs 09-2026lowest value
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2021 (filed 14-03-2022)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.52, cash €33,969
NBB · annual accounts
raises risk · Size: turnover €205,721, total assets €67,396
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: general partnership
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filings
Position against the passed deadline
31-12-2022 year end31-07-2023 deadline27-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-03-2022, 144 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
144 days early
2020
185 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 21 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeCorrection
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2021, micro format

2022 annual accounts not yet filed, deadline passed on 31 July 2023 Financial year closed on 31 December 2022; filing due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 27 October 2026.

Turnover
€205,721▲ 85.0%
2020 · €111,190
EBIT margin
7.9%▲ 3.0pp
2020 · 4.9%
Net result
€12,416▲ 205%
2020 · €4,069
Working capital
€16,988▲ 25.3%
2020 · €13,556
Trend over the years

2020 to 2021, 2 financial years

The operating result rises in 2021; 2021 is 3 times 2020.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€205,721 2021 Operating result€16,211 2021 Net result€12,416 2021

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20202021
Turnover€111,190-€205,721▲ 85.0%
Operating result€5,393-€16,211▲ 201%
Net result€4,069within the sector's middle half-€12,416within the sector's middle half▲ 205%
EBIT margin4.9%-7.9%▲ 3.0pp
Equity€13,556below the sector's middle half-€25,972within the sector's middle half▲ 91.6%
Total assets€22,631below the sector's middle half-€67,396below the sector's middle half▲ 198%
Debt€9,075-€41,424▲ 356%
Working capital€13,556within the sector's middle half-€16,988within the sector's middle half▲ 25.3%
Solvency59.9%within the sector's middle half-38.5%within the sector's middle half▼ 21.4pp
Current ratio2.49within the sector's middle half-1.52within the sector's middle half▼ 0.98
Return on assets (ROA)18.0%above the sector's middle half-18.4%above the sector's middle half▲ 0.4pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €67,396
Fixed assets €17,439
Current assets €49,956
Equity and liabilities €67,396
Equity €25,972 ▲ 91.6%
Debt €41,424 ▲ 356%
Debt's share of the balance-sheet total rises from 40.1% to 61.5%. Equity and debt are higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€18,514▲
2020 · €7,543
Cash flow
€14,720▲
2020 · €6,219
Debt to equity
0.33
ROE
47.8%▲
2020 · 30.0%
Debt ≤ 1 year
€32,968▲
2020 · €9,075
Debt > 1 year
€8,455
Income taxes
€3,592▲
2020 · €1,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 23 lines
Balance sheet Code20202021
Assets
Total assets20/58€22,631€67,396▲
Fixed assets21/28-€17,439
Tangible fixed assets22/27-€17,439
Current assets29/58€22,631€49,956▲
Amounts receivable within one year40/41€22,313€15,835▼
Cash at bank and in hand54/58€317€33,969▲
Equity and liabilities
Total equity and liabilities10/49€22,631€67,396▲
Equity10/15€13,556€25,972▲
Reserves13€50€50=
Profit (loss) carried forward14€13,006€25,422▲
Amounts payable17/49€9,075€41,424▲
Amounts payable after more than one year17-€8,455
Amounts payable within one year42/48€9,075€32,968▲
Trade debts44€5,200€23,459▲
Income statement Code20202021
Turnover70€111,190€205,721▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,150€2,303▲
Gross operating margin9900€8,164€19,343▲
Operating profit (loss)9901€5,393€16,211▲
Recurring financial charges65€94€202▲
Profit (loss) for the period before taxes9903€5,299€16,009▲
Income taxes67/77€1,230€3,592▲
Profit (loss) for the period9904€4,069€12,416▲
Profit (loss) for the period to be appropriated9905€4,069€12,416▲
Line20202021Change
Turnover70€111,190€205,721▲ 85.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,150€2,303▲ 7.1%
Gross operating margin9900€8,164€19,343▲ 137%
Operating profit (loss)9901€5,393€16,211▲ 201%
Recurring financial charges65€94€202▲ 115%
Profit (loss) for the period before taxes9903€5,299€16,009▲ 202%
Income taxes67/77€1,230€3,592▲ 192%
Profit (loss) for the period9904€4,069€12,416▲ 205%
Profit (loss) for the period to be appropriated9905€4,069€12,416▲ 205%
Line20202021Change
Assets
Total assets20/58€22,631€67,396▲ 198%
Fixed assets21/28-€17,439-
Tangible fixed assets22/27-€17,439-
Current assets29/58€22,631€49,956▲ 121%
Amounts receivable within one year40/41€22,313€15,835▼ 29.0%
Cash at bank and in hand54/58€317€33,969▲ 107×
Equity and liabilities
Total equity and liabilities10/49€22,631€67,396▲ 198%
Equity10/15€13,556€25,972▲ 91.6%
Reserves13€50€50=
Profit (loss) carried forward14€13,006€25,422▲ 95.5%
Amounts payable17/49€9,075€41,424▲ 356%
Amounts payable after more than one year17-€8,455-
Amounts payable within one year42/48€9,075€32,968▲ 263%
Trade debts44€5,200€23,459▲ 351%
Line20202021Change
Profit (loss) for the period9904€4,069€12,416▲ 205%
+ Depreciation and write-downs630€2,150€2,303▲ 7.1%
Operating cash flow (approximation)€6,219€14,720▲ 137%
Change in cash-€33,652-

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

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2021 micro format 09-03-2022 2022-07300194
31-12-2020 micro format 01-02-2022 2022-04500039

Similar companies · same sector, comparable size

Of the 8,336 active companies whose main activity is site preparation (NACE 43120), figures are known for 3,295. 2,198 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

MKL CONSTRUCT was incorporated on 16 January 2019.1 The company has filed 2 sets of annual accounts, the latest for financial year 2021.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021

Acts, filings and financial milestones

2023
01-12
Gazette deed Registered office
Correction1 fact ▸
  • Correction, “Faluintjesstraat 109, 9310 Meldert” (deed in French)
2022
09-03
NBB filing Annual accounts filed
financial year 2021 · micro format
01-02
NBB filing Annual accounts filed
financial year 2020 · micro format · 185 days late
Gazette deedNBB filing
1 of 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formGeneral partnership
Founded16-01-2019
Financial year end31-12
Activities, NACEBEL 2025
43120Site preparation
43130Specialised construction activities
43230Insulation installation
43240Other construction installation
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0718744660
Also 9925:BE0718744660
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0718.744.660

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2019
registered office establishment The establishment unit on the map
Ground area
270 m²
Building footprint
115 m²
Building volume
537 m³
Parcel 41039A0430/00R002, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
1 establishment unit
MKL Construct
Faluintjesstraat 109, 9310 AalstSite preparation
since 2019unit no. 2.284.914.677
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41039A0430/00R002 Flanders 270 m² 1 · 115 m² 7.9 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.