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MLS CONSTRUCT

Active
Private limited companyfounded 20233 years activeHumaniteitslaan 65, 1601 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0805.595.193
Summary

The computed 12-month bankruptcy probability of MLS CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €14,590 and a net result of €11,124. Its solvency ranks better than 49% of 33,994 sector peers (NACE 43, fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other building finishing work
NACE 43350
1 site
Size
€31,845total assets 2025
Equity
€14,590
Profit
€11,124
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
Accounts filed 30 days late0 of 1 deed read
Why 54- Founded in 2023- Size: total assets €31,845- Latest accounts 30 days late; 1 of the last 3 late- Sector Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 66% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 71+27
equity 45.8% of total assets
Liquidity 37+26
short-term debt 54.1% · cash 11.9%
Profitability 100+36
return on assets 34.9%
Bankruptcy probability, 12 months
2.2% 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% (47,518 companies)
Last 24 months 11-2024: 1.9%lowest value 12-2024: 2.0%▲ +0.1 percentage points vs 11-2024 01-2025: 2.4%▲ +0.4 percentage points vs 12-2024 02-2025: 2.7%▲ +0.3 percentage points vs 01-2025 03-2025: 2.7%● unchanged vs 02-2025 04-2025: 3.0%▲ +0.3 percentage points vs 03-2025 05-2025: 3.0%● unchanged vs 04-2025 06-2025: 2.9%▼ -0.1 percentage points vs 05-2025 07-2025: 3.0%▲ +0.1 percentage points vs 06-2025 08-2025: 3.2%▲ +0.2 percentage points vs 07-2025 09-2025: 3.1%▼ -0.1 percentage points vs 08-2025 10-2025: 3.1%● unchanged vs 09-2025 11-2025: 3.1%● unchanged vs 10-2025 12-2025: 3.1%● unchanged vs 11-2025 01-2026: 3.1%● unchanged vs 12-2025 02-2026: 3.1%● unchanged vs 01-2026 03-2026: 3.1%● unchanged vs 02-2026 04-2026: 3.2%▲ +0.1 percentage points vs 03-2026 05-2026: 3.1%▼ -0.1 percentage points vs 04-2026 06-2026: 3.1%● unchanged vs 05-2026 07-2026: 3.1%● unchanged vs 06-2026 08-2026: 3.6%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 2.2%▼ -1.4 percentage points vs 08-2026 10-2026: 2.2%● unchanged vs 09-2026
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.24 in 2024; short-term debt: 54.1% and cash: 11.9% of total assets), but 54.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 49% on solvency, 26% on liquidity, 93% on profitability and 98% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Size: total assets €31,845
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Latest accounts 30 days late; 1 of the last 3 late
NBB · filings
raises risk · Sector Specialised construction activities (NACE 43)
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 2 filings
Deviation from the deadline
2025
30 days late
2024
31 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 31 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…

Financials · fiscal year 2025, micro schema

Equity
€14,590▲ 321%
2024 · €3,465
Total assets
€31,845▲ 74.2%
2024 · €18,281
Net result
€11,124▲ 466%
2024 · €1,965
Working capital
€14,606▲ 320%
2024 · €3,481
Trend over the years

2024 to 2025, 2 fiscal years

The operating result rises in 2025; 2025 is 437% above 2024.

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

Operating result€18,722 2025 Net result€11,124 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line20242025
Operating result€3,489-€18,722▲ 437%
Net result€1,965within the sector's middle half-€11,124within the sector's middle half▲ 466%
Equity€3,465below the sector's middle half-€14,590below the sector's middle half▲ 321%
Total assets€18,281below the sector's middle half-€31,845below the sector's middle half▲ 74.2%
Debt€14,816-€17,255▲ 16.5%
Working capital€3,481below the sector's middle half-€14,606within the sector's middle half▲ 320%
Solvency19.0%below the sector's middle half-45.8%within the sector's middle half▲ 26.9pp
Current ratio1.24within the sector's middle half-1.85within the sector's middle half▲ 0.61
Return on assets (ROA)10.8%within the sector's middle half-34.9%above the sector's middle half▲ 24.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31,845
Equity €14,590 ▲ 321%
Debt €17,255 ▲ 16.5%
Debt's share of the balance-sheet total falls from 81.0% to 54.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.18▼
2024 · 4.28
ROE
76.2%▲
2024 · 56.7%
Debt ≤ 1 year
€17,239▲
2024 · €14,800
Income taxes
€4,926▲
2024 · €1,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% 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
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,278 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 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€18,281€31,845▲
Current assets29/58€18,281€31,845▲
Amounts receivable within one year40/41€11,003€22,941▲
Trade receivables40€10,522€21,403▲
Other amounts receivable41€481€1,539▲
Cash at bank and in hand54/58€851€3,784▲
Deferred charges and accrued income490/1€6,426€5,119▼
Equity and liabilities
Total equity and liabilities10/49€18,281€31,845▲
Equity10/15€3,465€14,590▲
Contributions10/11€1,500€1,500=
Reserves13€1,900€12,900▲
Distributable reserves133€1,900€12,900▲
Profit (loss) carried forward14€65€190▲
Amounts payable17/49€14,816€17,255▲
Amounts payable within one year42/48€14,800€17,239▲
Financial debts43€160€320▲
Credit institutions430/8€160-
Other loans439-€320
Trade debts44€9,692€7,514▼
Suppliers440/4€9,692€7,514▼
Taxes, remuneration and social security45€3,639€6,765▲
Taxes450/3€1,839€6,765▲
Remuneration and social security454/9€1,800€0▼
Other amounts payable47/48€1,309€2,641▲
Accrued charges and deferred income492/3€16€16▲
Income statement Code20242025
Other operating charges640/8€1,104€368▼
Gross operating margin9900€4,594€19,089▲
Operating profit (loss)9901€3,489€18,722▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€248€2,672▲
Recurring financial charges65€248€2,672▲
Profit (loss) for the period before taxes9903€3,241€16,050▲
Income taxes67/77€1,276€4,926▲
Profit (loss) for the period9904€1,965€11,124▲
Profit (loss) for the period to be appropriated9905€1,965€11,124▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,965€11,190▲
Profit (loss) brought forward from the previous period14P-€65
Transfer to equity691/2€1,900€11,000▲
To other reserves6921€1,900€11,000▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€1,104€368▼ 66.7%
Gross operating margin9900€4,594€19,089▲ 316%
Operating profit (loss)9901€3,489€18,722▲ 437%
Financial income75/76B€0€1▲ 1,725%
Recurring financial income75€0€1▲ 1,725%
Financial charges65/66B€248€2,672▲ 977%
Recurring financial charges65€248€2,672▲ 977%
Profit (loss) for the period before taxes9903€3,241€16,050▲ 395%
Income taxes67/77€1,276€4,926▲ 286%
Profit (loss) for the period9904€1,965€11,124▲ 466%
Profit (loss) for the period to be appropriated9905€1,965€11,124▲ 466%
Line20242025Change
Assets
Total assets20/58€18,281€31,845▲ 74.2%
Current assets29/58€18,281€31,845▲ 74.2%
Amounts receivable within one year40/41€11,003€22,941▲ 108%
Trade receivables40€10,522€21,403▲ 103%
Other amounts receivable41€481€1,539▲ 220%
Cash at bank and in hand54/58€851€3,784▲ 344%
Deferred charges and accrued income490/1€6,426€5,119▼ 20.3%
Equity and liabilities
Total equity and liabilities10/49€18,281€31,845▲ 74.2%
Equity10/15€3,465€14,590▲ 321%
Contributions10/11€1,500€1,500=
Reserves13€1,900€12,900▲ 579%
Distributable reserves133€1,900€12,900▲ 579%
Profit (loss) carried forward14€65€190▲ 190%
Amounts payable17/49€14,816€17,255▲ 16.5%
Amounts payable within one year42/48€14,800€17,239▲ 16.5%
Financial debts43€160€320▲ 100%
Credit institutions430/8€160--
Other loans439-€320-
Trade debts44€9,692€7,514▼ 22.5%
Suppliers440/4€9,692€7,514▼ 22.5%
Taxes, remuneration and social security45€3,639€6,765▲ 85.9%
Taxes450/3€1,839€6,765▲ 268%
Remuneration and social security454/9€1,800€0▼ 100%
Other amounts payable47/48€1,309€2,641▲ 102%
Accrued charges and deferred income492/3€16€16▲ 2.0%
Line20242025Change
Profit (loss) for the period9904€1,965€11,124▲ 466%
Operating cash flow (approximation)€1,965€11,124▲ 466%
Change in cash-€2,933-

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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Similar companies · same sector, comparable size

Of 7,310 companies in this sector we hold annual accounts for 2,410. 1,654 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →

Owners and capital

Owners

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

History

MLS CONSTRUCT was incorporated on 7 September 2023 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

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
NBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded07-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805595193
Registered 08-12-2025

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

Register as of 7 October 2026 · Peppol Directory

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

Recognitions · licences · registrations

Recognised contractor

6 categories
MLS CONSTRUCT BVapproval no. 44018
category D1, class 1 · category D11, class 1 · category D25, class 1 · category D4, class 1 · category D5, class 1 · category G5, class 1
decision 08-07-2024

Sites & property

Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,035 m²
Building footprint
907 m²
Volume, LiDAR
9,517 m³
Parcel 23069A0267/00B003, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
75 companies at this address See who is registered here
1 establishment unit
MLS CONSTRUCT
Humaniteitslaan 65, 1601 Sint-Pieters-LeeuwGeneral construction of buildings
since 2023unit no. 2.349.476.689
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23069A0267/00B003 Flanders 3,035 m² 1 · 907 m² 13.8 m · 3 fl.
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.