Result
-€92,977 -€92,977
From profit to loss in 2025, after a profit of €23,897 in 2024.
MM CONSTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €38,693 (2024)
-€77,840▼ €116,533
lowest -€92,977 (2025)
-€92,977▼ €116,874
peak €162,111 (2024)
€69,134▼ 57.4%
€717,412▲ 106%
Board1 name since 2022
1 directorMERTENS Marc
Documentsfilings and deeds
20-05-202672 days before the deadline
2025micro format
Gross margin from €38,693 to -€77,840Loss of €92,977Equity from €162,111 to €69,134Debts from €348,140 to €717,412Cash from €266,540 to €86,993
Key points
from the 2025 annual accountsDebts
€717,412 91% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 99%
Of this, €702,292 falls due within a year.
Position in the sector
-€92,977
Lower net result than 95% of companies in real estate. Sector median €5,986 · 17,185 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 16% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.1%▼ -0.3 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.3 percentage points vs 05-2026
07-2026: 0.3%▼ -0.1 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €92,977 (financial year 2025)
Equity €69,134 (8.8% of total assets)
lowers risk
Size: total assets €786,546
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 30% of them on solvency, 13% on liquidity, 10% on profitability and 10% 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 very low class on 30-06-2025, 0.1% 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, 450 companies had the same profile as MM CONSTRUCT has now. Each dot is one company, two years later.
87.3%
were still trading
5.3%
stopped another way
6.4%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MM CONSTRUCT itself is lower: 0.3% within 12 months. It rests on far more data about MM CONSTRUCT 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 450 companies, not a prediction for MM CONSTRUCT. 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 €3,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.07 (1.33 in 2024), below the usual 1.5. Short-term debt is 89.3% and cash 11.1% of total assets. 91.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
72 days early
2024
52 days early
2023
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 58 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 9 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Haaltert
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0793676665
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Haaltert
Incorporation
Founding capital of €200,000, 2,000 shares · Founder: MERTENS Marc · Appointment: MERTENS Marc (director) · published on 21-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MM CONSTRUCT Liedekerke | €786,546 | -€77,840 | 8.8% | - |
| VMB WES Merchtem | €771,066 | -€5,177 | -10.6% | 0 |
| PURE REAL ESTATE INVEST Geetbets | €775,511 | -€1,523 | 10.7% | - |
| JEMAX PROJECTS Scherpenheuvel-Zichem | €870,920 | -€45,850 | -16.9% | - |
| MAXCONSTRUCTION Wavre | €791,863 | -€134,641 | 2.6% | - |
| Ruben Projects Maaseik | €706,707 | -€3,021 | -5.3% | - |
| RUBICON CAPITAL Antwerp | €754,307 | -€14,145 | -2.3% | - |
These companies have the same main activity as MM CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €707,000 and €871,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 17-11-2022Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.338.069.0931770 Liedekerke, since 17-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 23-09-2025
Annual accounts 2025
- -€77,840
- €92,977
- €69,134▼ 57.4%
- €786,546▲ 54.1%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on MM CONSTRUCT
MM CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from -€51,386 in 2023 to -€77,840 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 20-05-2026, 72 days before the deadline-€77,840
▼ €116,533
-€93,305
▼ €115,093
-€92,977
▼ €116,874
€46,883
▼ 58.8%
8.8%
▼ 23.0 percentage points
1.07
▼ 0.26
Turnover and EBIT margin are not published. The micro format does not require them.
In the rankings
#6 company by total assets in Liedekerke, Real estate sector
Balance sheet
balance sheet total €786,546 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
8.8%
Higher than 31% of 17,194 companies in 2025.
1.07
Higher than 47% of 16,491 companies in 2025.
-11.8%
Higher than 9% of 16,870 companies in 2025.
MM CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
786,546 | 510,251 | 692,621 | |
21/28 |
37,371 | 48,305 | 65,990 | |
22/27 |
36,871 | 48,305 | 64,490 | |
23 |
904 | 1,359 | 1,814 | |
24 |
35,967 | 46,946 | 62,676 | |
28 |
500 | 0 | 1,500 | |
29/58 |
749,174 | 461,946 | 626,631 | |
3 |
647,022 | 193,025 | 601,235 | |
30/36 |
647,022 | 193,025 | 601,235 | |
40/41 |
13,000 | 26 | 12,553 | |
40 |
9,148 | - | - | |
41 |
3,852 | 26 | 12,553 | |
54/58 |
86,993 | 266,540 | 8,937 | |
490/1 |
2,159 | 2,355 | 3,906 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
786,546 | 510,251 | 692,621 | |
10/15 |
69,134 | 162,111 | 138,214 | |
10/11 |
200,000 | 200,000 | 200,000 | |
14 |
-130,866 | -37,889 | -61,786 | |
17/49 |
717,412 | 348,140 | 554,407 | |
42/48 |
702,292 | 348,074 | 548,393 | |
44 |
951 | 0 | 150 | |
440/4 |
951 | 0 | 150 | |
45 |
6,750 | 136,225 | 6,866 | |
450/3 |
4,500 | 133,975 | 4,616 | |
454/9 |
2,250 | 2,250 | 2,250 | |
47/48 |
694,591 | 211,849 | 541,377 | |
492/3 |
15,120 | 66 | 6,014 | |
| Income statement | ||||
9900 |
-77,840 | 38,693 | -51,386 | |
630 |
14,510 | 14,177 | 8,873 | |
640/8 |
954 | 2,728 | 2,568 | |
9901 |
-93,305 | 21,789 | -62,826 | |
75/76B |
644 | 2,433 | 1,800 | |
75 |
644 | 2,433 | 1,800 | |
65/66B |
156 | 151 | 644 | |
65 |
156 | 151 | 644 | |
9903 |
-92,816 | 24,071 | -61,670 | |
67/77 |
161 | 174 | 116 | |
9904 |
-92,977 | 23,897 | -61,786 | |
9905 |
-92,977 | 23,897 | -61,786 | |
| Appropriation of the result | ||||
9906 |
-130,866 | -37,889 | -61,786 | |
14P |
-37,889 | -61,786 | - | |
| Document | ||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -78,794 | 35,966 | -53,954 | ||
| -78,466 | 38,074 | -52,913 | ||
| 3,577 | -3,508 | 74,863 | ||
| -179,547 | 257,603 | - | ||
| 46,883 | 113,872 | 78,238 | ||
| 8.8% | 31.8% | 20.0% | ||
| 1.07 | 1.33 | 1.14 | ||
| 0.15 | 0.77 | 0.05 | ||
| 10.38 | 2.15 | 4.01 | ||
| -134.5% | 14.7% | -44.7% | ||
| -11.8% | 4.7% | -8.9% | ||
| -506.39 | over 100 | -83.77 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €3,077 | - | €73,363 |
| Financial fixed assets | €500 | - | €1,500 |
| €14,510 | €14,177 | €8,873 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MM CONSTRUCT
The operating result for 2025 is a loss of €93,305, after a profit of €21,789 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 68.2% to 91.2%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector
since 16-11-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 20-05-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12 - Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 21-11-2022
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €200,000
- Shares
- 2,000
- Contribution per share
- €100
- Equity per share
- €34.57 in 2025
- Source
- deed of 21-11-2022
Articles of association
deed of 21-11-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 18:00
Shareholders
At incorporation
deed of 21-11-2022 ↗
- MERTENS Marc 2,000 shares (100%) · €200,000
Network & group
No group
MM CONSTRUCT has no parent and no holdings in its annual accounts. MERTENS Marc is the only director. MM CONSTRUCT shares no director with another company.
Timeline
Timeline
11 events since 2022Filings
Financial
Permits
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 72 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Haaltert
2025
Weakest financial year net -€92,977 The net result drops to -€92,977, the lowest from 2023 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0793676665
Annual accounts 2024 filed PDFmicro format · 52 days before the deadline
2024
Back to profit net €23,897 The net result is €23,897, after one loss-making year.
Equity above €150,000 equity €162,111 ▲17.3% Equity rises from €138,214 to €162,111.
Environmental permit granted OmgevingsloketBouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Haaltert
Annual accounts 2023 filed PDFmicro format · 51 days before the deadline
2022
IncorporationFounding capital of €200,000, 2,000 shares · Founder: MERTENS Marc · Appointment: MERTENS Marc (director) · published on 21-11-20226 points ▸
- Founder, MERTENS Marc
- Founding capital, €200,000, 2,000 shares
- Registered office clause, Viooltjeslaan 14, 1770 Liedekerke
- Director appointment, MERTENS Marc
- Permanent representative, MERTENS Marc
- Power of attorney, Gilles VAN OUDENHOVE
- The deed holds 6 more points.
First establishment Viooltjeslaan 14, Liedekerke
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MM CONSTRUCT was incorporated on 17 November 2022 as a private limited company by one natural person, with a starting capital of €200,000.12 Since 2022, MERTENS Marc has served as director.3 Total assets rose from €692,621 in 2023 to €786,546 in 2025.4
Company details
Identity
- Enterprise number
- 0793.676.665
- VAT number
- BE 0793.676.665
- Peppol ID
- 0208:0793676665
- Other Peppol ID
- 9925:BE0793676665
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-11-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 18:00deed of 21-11-2022 (in Dutch)
- Peppol
- Reachable since 23-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MM CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 21-11-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 21-11-2022 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
41201
General construction of buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Die onroerende operaties in de ruimste zin van het woord,zoals het kopen,verkopen,huren,verhuren,in leasing geven en nemen,verkavelen en…”deed of 21-11-2022 (in Dutch)
12 activities
- Die onroerende operaties in de ruimste zin van het woord,zoals het kopen,verkopen,huren,verhuren,in leasing geven en nemen,verkavelen en valoriseren van onroerende goederen,het oprichten,doen oprichten,bouwen en verbouwen
- Het opdelen van nieuw te bouwen en bestaande gebouwen in appartementen
- De promotie en coördinatie van bouwen sleutel op de deur,het uitvoeren of doen uitvoeren van alle metsel- en betonwerken,het oprichten en doen oprichten en het afwerken en doen afwerken van allerhande gebouwen,de aankoop en verkoop van uitrusting en materialen in rechtstreeks of onrechtstreeks verband daarmede,de verkoop van op te richten of opgerichte gebouwen
- Het ontwerpen,inrichten en exploitatie van nieuwe residentiele woonwijken,het beheer,de instandhouding en valorisatie van een onroerend patrimonium met inbegrip van het onderhoud,de verbouwing,de bebouwing en de vergunning ervan,kortom alle verrichtingen van onroerende aard
- Het beheer,in stand houden,valoriseren van een roerend patrimonium in de ruimste zin van het woord
- Het vervullen van alle formaliteiten met betrekking tot alle voornoemde activiteiten met inbegrip van het aanvragen van verkavelingsvergunningen,stedenbouwkundige attesten,bouwtoelatingen voor eigen rekening en voor derden
- Het aanhouden en het beheren van aandelen in andere vennootschappen,hetzij in Belgische,hetzij in buitenlandse,en van de inkomsten die hieraan verbonden zijn
- Het uitoefenen van controle en het beheer van vennootschappen die zij in haar bezit heeft
- Het uitoefenen van managementsopdrachten,bestuurders-,zaakvoerders- en vereffeningsopdrachten in andere vennootschappen,Belgische en buitenlandse
- Participatie onder welke vorm het ook zij in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische en buitenlandse,commerciële,financiële,industriële en andere
- De verwerving van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopoptie,verhandeling,of op iedere andere wijze
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar doel of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Viooltjeslaan 14 registered office 1770 Liedekerke | 17-11-2022 | 2.338.069.093 |
Buildings and parcels at the address
- Ground area
- 635 m²
- Buildings
- 166 m²
- Volume, LiDAR
- 876 m³
- Tallest building
- 8.3 m
Buildings to scale, each on its own parcel
Environmental permits
2 applications in Flanders since 2024 · 2 granted| 23-03-2026 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 01-12-2025 · project 2025145213 | Haaltert |
| 17-10-2024 | Granted | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 06-09-2024 · project 2024114942 | Haaltert |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23762E0002/00K003 | 635 m² | 1 · 166 m² | 8.3 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0793.676.665