Turnover
≈ €220,000 estimated
The micro format states no turnover.
MKO CONSTRUCTION
Lifetime
4 annual accounts with figures on one time axispeak €47,865 (2024)
€31,907▼ 33.3%
peak €14,094 (2022)
€1,951▼ 28.2%
peak €24,614 (2025)
€24,614▲ 8.6%
€55,072▲ 74.5%
Board1 name since 2022
1 directorMkrtich TADEVOSYAN
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from €47,865 to €31,907Result from €2,718 to €1,951Registered-office move 26-02Debts from €31,565 to €55,072Cash from €29 to €64
Key points
from the 2025 annual accountsChecked score
32
Weak
Financially stronger than 37% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
10.1% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.5%lowest value
01-2025: 6.5%● unchanged vs 12-2024lowest value
02-2025: 6.5%● unchanged vs 01-2025lowest value
03-2025: 8.9%▲ +2.4 percentage points vs 02-2025
04-2025: 10.2%▲ +1.3 percentage points vs 03-2025
05-2025: 10.5%▲ +0.3 percentage points vs 04-2025
06-2025: 10.7%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 10.6%▼ -0.1 percentage points vs 06-2025
08-2025: 10.6%● unchanged vs 07-2025
09-2025: 8.1%▼ -2.5 percentage points vs 08-2025
10-2025: 8.1%● unchanged vs 09-2025
11-2025: 8.1%● unchanged vs 10-2025
12-2025: 7.5%▼ -0.6 percentage points vs 11-2025
01-2026: 7.5%● unchanged vs 12-2025
02-2026: 7.5%● unchanged vs 01-2026
03-2026: 7.6%▲ +0.1 percentage points vs 02-2026
04-2026: 8.5%▲ +0.9 percentage points vs 03-2026
05-2026: 9.5%▲ +1.0 percentage point vs 04-2026
06-2026: 9.6%▲ +0.1 percentage points vs 05-2026
07-2026: 9.6%● unchanged vs 06-2026
08-2026: 10.5%▲ +0.9 percentage points vs 07-2026
09-2026: 10.5%● unchanged vs 08-2026
10-2026: 10.1%▼ -0.4 percentage points vs 09-2026
11-2026: 10.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2022
Liquidity: current ratio 2.51, cash €64
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 38% of them on solvency, 29% on liquidity, 28% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as MKO CONSTRUCTION has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MKO CONSTRUCTION itself is higher: 10.1% within 12 months. It rests on far more data about MKO CONSTRUCTION than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for MKO CONSTRUCTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.51 (1.58 in 2024), above the usual 1.5. Short-term debt is 36.5% and cash 0.1% of total assets. However, 69.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
76 days late
2024
31 days late
2023
67 days late
2022
44 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 55 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784605878
Registered-office move
General meeting of 30-11-2024 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: Mkrtich TADEVOSYAN (comparant) · Appointment: Mkrtich TADEVOSYAN (director) · published on 11-04-2022 · Gazette deed
First establishment
Sellaerstraat 20A, Steenokkerzeel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MKO CONSTRUCTION Steenokkerzeel | €79,686 | €31,907 | 30.9% | - |
| MJR CONSTRUCT Linkebeek | €79,606 | €33,030 | 46.8% | - |
| KA GENERAL Ternat | €79,315 | €32,448 | 35.3% | - |
| RADIM Dilbeek | €74,545 | €31,702 | 38.7% | - |
| IGNIS TEAM Drogenbos | €85,883 | €31,014 | 70.7% | - |
| BATI COST Kraainem | €86,650 | €32,779 | 49.4% | - |
| SEMA TWIN Drogenbos | €73,105 | €30,902 | 40.8% | - |
These companies have the same main activity as MKO CONSTRUCTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €73,100 and €86,600, founded in 2022.
Official details
Source: KBO- Status
- Active since 07-04-2022Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.331.641.5571820 Steenokkerzeel, since 07-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 25-06-2025
Insights on MKO CONSTRUCTION
MKO CONSTRUCTION files the micro format. That format states no turnover. The gross margin rose from €25,283 in 2022 to €31,907 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MKO CONSTRUCTION
- What is the company number of MKO CONSTRUCTION?
- The company number of MKO CONSTRUCTION is 0784.605.878. The VAT number is the same number with BE in front: BE 0784.605.878.
- Where is MKO CONSTRUCTION based?
- The registered office is at Sellaerstraat 20A, 1820 Steenokkerzeel.Company details
- What does MKO CONSTRUCTION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MKO CONSTRUCTION?
- MKO CONSTRUCTION is a private limited company (BV).
- When was MKO CONSTRUCTION founded?
- MKO CONSTRUCTION was founded on 07-04-2022.
- Is MKO CONSTRUCTION still active?
- Yes, MKO CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of MKO CONSTRUCTION?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €31,907 and 163 comparable companies (NACE 41001). It probably lies between €120,000 and €400,000.Financials
- Is MKO CONSTRUCTION profitable?
- In financial year 2025, MKO CONSTRUCTION made a profit of €1,951.
- Where can I find the annual accounts of MKO CONSTRUCTION?
- MKO CONSTRUCTION filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MKO CONSTRUCTION due?
- MKO CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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