ML BUILDING
ActiveSummary
The computed 12-month bankruptcy probability of ML BUILDING is 2.7% (moderate). The 2024 annual accounts show equity of €48k and a net result of €622. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 3550 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-18
Solvency55▲+7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.26 in 2023; short-term debt: 69.8% and cash: 22.2% of total assets), and 70% of the assets are financed with debt.
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Signals
Four 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
30%
Return on assets
0.4%
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 30-09-2025, 61 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
61 d late
2023
61 d late
2022
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€622▼ 97.9%
2023 · €30k
Working capital
€42k▲ 0.8%
2023 · €42k
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
Line202220232024
Operating result€16k-€38k▲ 135%€24k▼ 37.2%
Net result€16k-€30k▲ 86.8%€622▼ 97.9%
Equity€18k-€48k▲ 166%€48k▲ 1.3%
Total assets€99k-€209k▲ 110%€162k▼ 22.5%
Debt€81k-€161k▲ 97.5%€113k▼ 29.6%
Working capital€14k-€42k▲ 210%€42k▲ 0.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162k
Fixed assets
€7k ▲ 10.7%
Current assets
€155k ▼ 23.5%
Equity and liabilities €162k
Equity
€48k ▲ 1.3%
Debt
€113k ▼ 29.6%
Debt's share of the balance-sheet total falls from 77.1% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2023 · €42k
Cash flow
€7k▼
2023 · €34k
Current ratio
1.38▲
2023 · 1.26
Debt to equity
2.33▼
2023 · 3.36
ROE
1.3%▼
2023 · 62.4%
ROA
0.4%▼
2023 · 14.3%
Interest coverage
242.72▼
2023 · 444.67
Debt ≤ 1 year
€113k▼
2023 · €161k
Income taxes
€23k▲
2023 · €8k
Staff costs
€57k▲
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €460k | €569k | - | - |
| Remuneration, social security and pensions62 | - | €26k | €57k | ▲ 116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €6k | ▲ 51.5% |
| Other operating charges640/8 | €619 | €1k | €1k | ▼ 4.7% |
| Gross operating margin9900 | €19k | €69k | €88k | ▲ 26.9% |
| Operating profit (loss)9901 | €16k | €38k | €24k | ▼ 37.2% |
| Financial income75/76B | - | - | €5 | - |
| Recurring financial income75 | - | - | €5 | - |
| Financial charges65/66B | €88 | €94 | €123 | ▲ 30.9% |
| Recurring financial charges65 | €88 | €94 | €123 | ▲ 30.9% |
| Profit (loss) for the period before taxes9903 | €16k | €38k | €24k | ▼ 37.4% |
| Income taxes67/77 | - | €8k | €23k | ▲ 196% |
| Profit (loss) for the period9904 | €16k | €30k | €622 | ▼ 97.9% |
| Profit (loss) for the period to be appropriated9905 | €16k | €30k | €622 | ▼ 97.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €99k | €209k | €162k | ▼ 22.5% |
| Fixed assets21/28 | €4k | €6k | €7k | ▲ 10.7% |
| Tangible fixed assets22/27 | €4k | €6k | €7k | ▲ 10.7% |
| Plant, machinery and equipment23 | - | - | €2k | - |
| Furniture and vehicles24 | €4k | €6k | €5k | ▼ 15.7% |
| Current assets29/58 | €95k | €203k | €155k | ▼ 23.5% |
| Amounts receivable within one year40/41 | €77k | €132k | €118k | ▼ 10.9% |
| Trade receivables40 | €72k | €67k | €76k | ▲ 13.6% |
| Other amounts receivable41 | €5k | €66k | €42k | ▼ 35.9% |
| Cash at bank and in hand54/58 | €14k | €66k | €36k | ▼ 46.1% |
| Deferred charges and accrued income490/1 | €4k | €4k | €1k | ▼ 67.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €99k | €209k | €162k | ▼ 22.5% |
| Equity10/15 | €18k | €48k | €48k | ▲ 1.3% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Capital10 | - | - | €2k | - |
| Issued capital100 | - | - | €2k | - |
| Profit (loss) carried forward14 | €16k | €46k | €46k | ▲ 1.4% |
| Amounts payable17/49 | €81k | €161k | €113k | ▼ 29.6% |
| Amounts payable within one year42/48 | €81k | €161k | €113k | ▼ 29.8% |
| Financial debts43 | - | €1k | - | - |
| Credit institutions430/8 | - | €1k | - | - |
| Trade debts44 | €80k | €126k | €93k | ▼ 26.2% |
| Suppliers440/4 | €80k | €126k | €93k | ▼ 26.2% |
| Taxes, remuneration and social security45 | - | €33k | €20k | ▼ 40.4% |
| Taxes450/3 | - | €4k | €10k | ▲ 122% |
| Remuneration and social security454/9 | - | €28k | €10k | ▼ 65.6% |
| Other amounts payable47/48 | €1k | €650 | - | - |
| Accrued charges and deferred income492/3 | - | - | €350 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €30k | €622 | ▼ 97.9% |
| + Depreciation and write-downs630 | €2k | €4k | €6k | ▲ 51.5% |
| Operating cash flow (approximation) | €18k | €34k | €7k | ▼ 80.0% |
| Investment in fixed assets (approximation) | - | €-6k | €-7k | ▼ 23.5% |
| Change in cash | - | €53k | €-31k | ▼ 158% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €622 ▼97.9%
Net result drops to €622, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2022net €30k ▲86.8%
Operating result €38k, net result €30k, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 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, Machelen (Brab.) · 1 establishment unit since 2021
Ground area
297 m²
Building footprint
133 m²
Volume, LiDAR
1,214 m³
2 parcels, Brussels, Flanders · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ML BUILDING
since 20212.322.798.919
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0141/00B003 | Flanders | 181 m² | 1 · 63 m² | 9.9 m · 3 fl. |
| 21006A0420/00P000 | Brussels | 116 m² | 1 · 69 m² | 12.8 m · 4 fl. |
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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Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,993 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
Founded01-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43110Demolition
43221Plumbing work
43310Plastering work
43422Screed work
43910Bricklaying and masonry work
Contact
E-mail
info@mlbuilding.be
Phone
0488574294Evere
Scores and ratios are computed by Checked and are not a credit decision.