ML Construct
Annual accounts 2025
abbreviated format, filed on 05-08-2026, 5 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €95,171 on 31-12-2025in euro
in euro
Position in the sector
24.4%
Higher than 26% of 10,856 companies in 2025.
1.32
Higher than 46% of 10,478 companies in 2025.
-1.6%
Higher than 16% of 10,725 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
95,171 | 815,113 | 690,996 | 585,067 | 347,617 | 375,659 | |
21/28 |
- | 0 | 5,124 | 9,633 | 14,543 | 19,494 | |
22/27 |
- | 0 | 5,124 | 9,633 | 14,543 | 19,494 | |
24 |
- | 0 | 5,124 | 9,633 | 14,543 | 19,494 | |
29/58 |
95,171 | 815,113 | 685,872 | 575,434 | 333,074 | 356,166 | |
3 |
- | 0 | 681,471 | 520,000 | 194,018 | - | |
30/36 |
- | 0 | 681,471 | 520,000 | 194,018 | - | |
40/41 |
66,944 | 58,925 | 128 | 2,114 | 5,199 | - | |
41 |
66,944 | 58,925 | 128 | 2,114 | 5,199 | - | |
54/58 |
28,227 | 756,188 | 4,272 | 53,320 | 133,857 | 356,166 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
95,171 | 815,113 | 690,996 | 585,067 | 347,617 | 375,659 | |
10/15 |
23,234 | 24,732 | -74,933 | -61,417 | -35,012 | -1,982 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
13 |
13,234 | 14,732 | - | - | - | - | |
133 |
13,234 | 14,732 | - | - | - | - | |
14 |
- | 0 | -84,933 | -71,417 | -45,012 | -11,982 | |
17/49 |
71,937 | 790,381 | 765,929 | 646,484 | 382,629 | 377,641 | |
42/48 |
71,937 | 790,381 | 765,929 | 646,336 | 382,629 | 377,641 | |
44 |
3,038 | 8,676 | 3,244 | 658 | 784 | 427 | |
440/4 |
3,038 | 8,676 | 3,244 | 658 | 784 | 427 | |
45 |
8,374 | 21,181 | 206 | 179 | 329 | 459 | |
450/3 |
8,374 | 21,181 | 206 | 179 | 329 | 459 | |
47/48 |
60,525 | 760,525 | 762,479 | 645,499 | 381,515 | 376,756 | |
492/3 |
- | - | 0 | 148 | - | - | |
| Income statement | |||||||
9900 |
-4,387 | 107,827 | -4,627 | 32,285 | -10,387 | -7,322 | |
630 |
- | 0 | 4,508 | 4,910 | 4,950 | 4,374 | |
640/8 |
400 | 1,103 | 4,047 | 53,481 | 17,404 | 100 | |
9901 |
-4,787 | 106,724 | -13,182 | -26,106 | -32,741 | -11,796 | |
75/76B |
3,410 | 1,484 | - | 0 | 0 | - | |
75 |
3,410 | 1,484 | - | 0 | 0 | - | |
65/66B |
122 | 168 | 128 | 120 | 120 | 25 | |
65 |
122 | 168 | 128 | 120 | 120 | 25 | |
9903 |
-1,499 | 108,040 | -13,310 | -26,226 | -32,861 | -11,821 | |
67/77 |
0 | 8,374 | 206 | 179 | 168 | 161 | |
9904 |
-1,499 | 99,665 | -13,516 | -26,405 | -33,029 | -11,982 | |
9905 |
-1,499 | 99,665 | -13,516 | -26,405 | -33,029 | -11,982 | |
| Appropriation of the result | |||||||
9906 |
-1,499 | 14,732 | -84,933 | -71,417 | -45,012 | -11,982 | |
14P |
0 | -84,933 | -71,417 | -45,012 | -11,982 | - | |
791/2 |
1,499 | - | - | - | - | - | |
691/2 |
0 | 14,732 | - | - | - | - | |
6921 |
0 | 14,732 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 05-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 5 days after the deadline. Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00381756.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-08-2026 | 2026-00381756 | |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00330149 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00314436 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00297184 | |
| 31-12-2021 | abbreviated format | 18-07-2022 | 2022-20196329 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-26500187 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| - | 106,724 | -8,673 | -21,195 | -27,791 | -7,422 | ||
| - | 99,665 | -9,007 | -21,495 | -28,079 | -7,608 | ||
| - | -5,124 | 0 | 0 | 0 | 23,868 | ||
| -727,961 | 751,916 | -49,047 | -80,537 | -222,309 | - | ||
| 23,234 | 24,732 | -80,057 | -70,902 | -49,555 | -21,476 | ||
| 24.4% | 3.0% | -10.8% | -10.5% | -10.1% | -0.5% | ||
| 1.32 | 1.03 | 0.90 | 0.89 | 0.87 | 0.94 | ||
| 1.32 | 1.03 | 0.01 | 0.09 | 0.36 | 0.94 | ||
| 3.10 | 31.96 | - | - | - | - | ||
| -6.5% | 403.0% | - | - | - | - | ||
| -1.6% | 12.2% | -2.0% | -4.5% | -9.5% | -3.2% | ||
| - | over 100 | -67.81 | -176.63 | -231.59 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on ML Construct
The operating result for 2025 is a loss of €4,787, after a profit of €106,724 in 2024.
Debt's share of the balance-sheet total falls from 97.0% to 75.6%. Equity and debt are lower.