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MKV CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeAllemansbos 23, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0797.996.531
Summary

The computed 12-month bankruptcy probability of MKV CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €101,897 and a net result of €75,843. Its solvency ranks better than 44% of 83 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability87▲+18
Solvency61▲+18
Growth85
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.19 in 2024; short-term debt: 64.4% of total assets), but 64.4% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
on the day
2024
20 d early
← 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 10 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 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 3 February 2023, MKV CONSTRUCT was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Turnover
€1.0m▲ 31.0%
2024 · €770,151
EBIT margin
10.5%▲ 7.1pp
2024 · 3.4%
Net result
€75,843▲ 260%
2024 · €21,054
Working capital
€98,121▲ 316%
2024 · €23,579
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Turnover€770,151-€1.0m▲ 31.0%
Operating result€26,328-€106,386▲ 304%
Net result€21,054within the sector's middle half-€75,843above the sector's middle half▲ 260%
EBIT margin3.4%-10.5%▲ 7.1pp
Equity€26,054within the sector's middle half-€101,897within the sector's middle half▲ 291%
Total assets€148,636within the sector's middle half-€286,443within the sector's middle half▲ 92.7%
Debt€122,582-€184,546▲ 50.5%
Working capital€23,579within the sector's middle half-€98,121within the sector's middle half▲ 316%
Solvency17.5%below the sector's middle half-35.6%within the sector's middle half▲ 18.0pp
Current ratio1.19within the sector's middle half-1.53within the sector's middle half▲ 0.34
Return on assets (ROA)14.2%above the sector's middle half-26.5%above the sector's middle half▲ 12.3pp
above within below the middle half (P25 to P75) of NACE 24, Manufacture of basic metals, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2024: €26,328€26,328Net result 2024: €21,054€21,054Operating result 2025: €106,386€106,386Net result 2025: €75,843€75,84320242025€0€50,000€100,000Operating result 2024: €26,328€26,300Net result 2024: €21,054€21,100Operating result 2025: €106,386€106,000Net result 2025: €75,843€75,80020242025
The operating result rises in 2025; 2025 is 304% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286,443
Fixed assets €3,776 ▲ 52.5%
Current assets €282,667 ▲ 93.4%
Equity and liabilities €286,443
Equity €101,897 ▲ 291%
Debt €184,546 ▲ 50.5%
Debt's share of the balance-sheet total falls from 82.5% to 64.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€107,060▲
2024 · €26,691
Cash flow
€76,516▲
2024 · €21,418
Debt to equity
1.81▼
2024 · 4.70
ROE
74.4%▼
2024 · 80.8%
Interest coverage
17.65▲
2024 · 13.24
Debt ≤ 1 year
€184,546▲
2024 · €122,582
Income taxes
€27,410▲
2024 · €5,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.1% 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 39,276 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 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€148,636€286,443▲
Fixed assets21/28€2,476€3,776▲
Tangible fixed assets22/27€2,476€3,776▲
Plant, machinery and equipment23-€727
Furniture and vehicles24€2,476€3,049▲
Current assets29/58€146,160€282,667▲
Amounts receivable within one year40/41€146,160€282,667▲
Trade receivables40€100,226€220,636▲
Other amounts receivable41€45,934€62,031▲
Equity and liabilities
Total equity and liabilities10/49€148,636€286,443▲
Equity10/15€26,054€101,897▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€21,054€96,897▲
Amounts payable17/49€122,582€184,546▲
Amounts payable within one year42/48€122,582€184,546▲
Financial debts43€15,448€22,007▲
Credit institutions430/8€15,448€22,007▲
Trade debts44€74,507€131,277▲
Suppliers440/4€48,748€121,277▲
Bills of exchange payable441€25,759€10,000▼
Taxes, remuneration and social security45€32,626€31,262▼
Taxes450/3€32,626€31,262▼
Income statement Code20242025
Turnover70€770,151€1.0m▲
Goods, raw materials, services and sundry goods60/61€743,057€895,843▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€364€673▲
Other operating charges640/8€403€5,839▲
Gross operating margin9900€27,094€112,898▲
Operating profit (loss)9901€26,328€106,386▲
Financial income75/76B€2,103€2,932▲
Recurring financial income75€2,103€2,932▲
Financial charges65/66B€2,016€6,065▲
Recurring financial charges65€2,016€6,065▲
Profit (loss) for the period before taxes9903€26,415€103,253▲
Income taxes67/77€5,361€27,410▲
Profit (loss) for the period9904€21,054€75,843▲
Profit (loss) for the period to be appropriated9905€21,054€75,843▲
Appropriation of the result
Profit (loss) to be appropriated9906€21,054€96,897▲
Profit (loss) brought forward from the previous period14P-€21,054

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Turnover70€770,151€1.0m▲ 31.0%
Goods, raw materials, services and sundry goods60/61€743,057€895,843▲ 20.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€364€673▲ 85.2%
Other operating charges640/8€403€5,839▲ 1,350%
Gross operating margin9900€27,094€112,898▲ 317%
Operating profit (loss)9901€26,328€106,386▲ 304%
Financial income75/76B€2,103€2,932▲ 39.4%
Recurring financial income75€2,103€2,932▲ 39.4%
Financial charges65/66B€2,016€6,065▲ 201%
Recurring financial charges65€2,016€6,065▲ 201%
Profit (loss) for the period before taxes9903€26,415€103,253▲ 291%
Income taxes67/77€5,361€27,410▲ 411%
Profit (loss) for the period9904€21,054€75,843▲ 260%
Profit (loss) for the period to be appropriated9905€21,054€75,843▲ 260%
Line20242025Change
Assets
Total assets20/58€148,636€286,443▲ 92.7%
Fixed assets21/28€2,476€3,776▲ 52.5%
Tangible fixed assets22/27€2,476€3,776▲ 52.5%
Plant, machinery and equipment23-€727-
Furniture and vehicles24€2,476€3,049▲ 23.2%
Current assets29/58€146,160€282,667▲ 93.4%
Amounts receivable within one year40/41€146,160€282,667▲ 93.4%
Trade receivables40€100,226€220,636▲ 120%
Other amounts receivable41€45,934€62,031▲ 35.0%
Equity and liabilities
Total equity and liabilities10/49€148,636€286,443▲ 92.7%
Equity10/15€26,054€101,897▲ 291%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€21,054€96,897▲ 360%
Amounts payable17/49€122,582€184,546▲ 50.5%
Amounts payable within one year42/48€122,582€184,546▲ 50.5%
Financial debts43€15,448€22,007▲ 42.5%
Credit institutions430/8€15,448€22,007▲ 42.5%
Trade debts44€74,507€131,277▲ 76.2%
Suppliers440/4€48,748€121,277▲ 149%
Bills of exchange payable441€25,759€10,000▼ 61.2%
Taxes, remuneration and social security45€32,626€31,262▼ 4.2%
Taxes450/3€32,626€31,262▼ 4.2%
Line20242025Change
Profit (loss) for the period9904€21,054€75,843▲ 260%
+ Depreciation and write-downs630€364€673▲ 85.2%
Operating cash flow (approximation)€21,418€76,516▲ 257%
Investment in fixed assets (approximation)--€1,974-

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 31-10-2026
2025
31-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Equity above €100,000Eq €101,897 ▲291%
2 profitable years in a row build equity to €101,897.
2024
11-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Erpe-Mere · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
323 m²
Building footprint
96 m²
Parcel 41016A0771/00K000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
MKV CONSTRUCT
Allemansbos 23, 9420 Erpe-MereGeneral construction of buildings
since 20232.341.621.867
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41016A0771/00K000 Flanders 323 m² 1 · 96 m² -
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.

Similar companies · same sector, comparable size

Of 165 companies in sector 24200 we hold annual accounts for 95. 62 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
Founded03-02-2023
Fiscal year end31-03
Activities, NACEBEL 2025
24200Manufacture of basic metals
33120Repair and maintenance of machinery
41003General construction of other non-residential buildings
43110Demolition
43240Other construction installation
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797996531
Registered 05-01-2026

Register as of 28 September 2026 · Peppol Directory

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