MNA CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of MNA CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €26k and a net result of €702. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 27711 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-6
Solvency70▲+21
Growth35=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.3 in 2024; short-term debt: 36.6% and cash: 2.2% of total assets), but 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.8%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 6 filingsDeviation from the deadline
2025
41 d late
2024
54 d late
2023
51 d late
2022
1 d late
2021
16 d late
2020
13 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€42k▼ 11.5%
2024 · €48k
2023: €60k
2024: €48k
2023 → 2025
EBIT margin
6.4%▼ 12.9pp
2024 · 19.3%
2023: 24.4%
2024: 19.3%
2023 → 2025
Net result
€702▼ 91.6%
2024 · €8k
2020: €9k
2021: €289
2022: €9k
2023: €11k
2024: €8k
2020 → 2025
Working capital
€23k▲ 17.0%
2024 · €19k
2020: €6k
2021: €6k
2022: €17k
2023: €20k
2024: €19k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€60k€48k▼ 20.5%€42k▼ 11.5%
Equity€9k-€19k▲ 98.3%€24k▲ 29.9%€25k▲ 3.3%€26k▲ 2.8%
Operating result€639-€14k▲ 2,070%€15k▲ 5.9%€9k▼ 37.2%€3k▼ 70.7%
Net result€289-€9k▲ 3,095%€11k▲ 14.5%€8k▼ 21.4%€702▼ 91.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€14k▼ 35.4%
Current assets
€44k▼ 47.8%
Equity and liabilities €57k
Equity
€26k▲ 2.8%
Debt
€32k▼ 60.3%
The debt ratio falls from 76.1% to 55.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €20k
Cash flow
€11k▼
2024 · €19k
Solvency
44.8%▲
2024 · 23.9%
Current ratio
2.08▲
2024 · 1.30
Quick ratio
2.08▲
2024 · 1.30
Debt / equity
1.23▼
2024 · 3.19
ROE
2.7%▼
2024 · 33.2%
ROA
1.2%▼
2024 · 7.9%
Interest coverage
52.27▼
2024 · 69.08
Debt
€32k▼
2024 · €80k
Debt ≤ 1 year
€21k▼
2024 · €64k
Debt > 1 year
€11k▼
2024 · €16k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€105k€57k▼
Fixed assets21/28€21k€14k▼
Tangible fixed assets22/27€21k€14k▼
Plant, machinery and equipment23€741€2k▲
Furniture and vehicles24€20k€12k▼
Current assets29/58€84k€44k▼
Amounts receivable within one year40/41€79k€37k▼
Trade receivables40€61k€20k▼
Other amounts receivable41€17k€16k▼
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€105k€57k▼
Equity10/15€25k€26k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€19k€19k▲
Amounts payable17/49€80k€32k▼
Amounts payable after more than one year17€16k€11k▼
Financial debts170/4€16k€11k▼
Amounts payable within one year42/48€64k€21k▼
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€49k€12k▼
Suppliers440/4€560€12k▲
Bills of exchange payable441€48k-
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€8k-
Income statement
Code20242025
Turnover70€48k€42k▼
Goods, raw materials, services and sundry goods60/61€41k€33k▼
Remuneration, social security and pensions62€69-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Gross operating margin9900€20k€13k▼
Operating profit (loss)9901€9k€3k▼
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€282€257▼
Recurring financial charges65€282€257▼
Profit (loss) for the period before taxes9903€10k€2k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€8k€702▼
Profit (loss) for the period to be appropriated9905€8k€702▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€19k▼
Profit (loss) brought forward from the previous period14P€18k€19k▲
Profit to be distributed694/7€8k-
Directors or managers695€8k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Highest result since 2020net €11k ▲14.5%
Operating result €15k, net result €11k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €289 ▼96.8%
Net result drops to €289, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Leeuw · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meerweg 1081600 Sint-Pieters-LeeuwGround area
1,291 m²
Building footprint
281 m²
Volume, LiDAR
1,130 m³
Parcel 23582E0568/00P000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MNA CONSTRUCT
since 20192.294.783.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0568/00P000 | Flanders | 1,291 m² | 1 · 281 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
BATIXAV
BE 0502.555.812
Wemmel · Eq €26k
RITEL
BE 0793.587.979
Courcelles · Eq €26k
ALQ SERVICES
BE 1022.938.541
Elsene · Eq €26k
ROMBEL CONSTRUCT
BE 0872.427.896
Charleroi · Eq €26k
ELECTRO SEM
BE 1013.757.391
Dilbeek · Eq €26k
Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,861 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2019
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.