Equity
MNA CONSTRUCT has made a profit in every financial year since 2020.
MNA CONSTRUCT has made a profit in every financial year since 2020.
MNA CONSTRUCT pays its suppliers 295 days earlier than in 2024. Customers pay 294 days earlier.
The 2024 accounts came latest: 54 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 48% of them on solvency, 24% on liquidity, 60% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 5,047 companies had the same profile as MNA CONSTRUCT has now. Each dot stands for 13 companies, two years later.
That fits the bankruptcy probability of MNA CONSTRUCT itself: 2.7% within 12 months.
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 5,047 companies, not a prediction for MNA 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.
Liquidity is ample, with a current ratio of 2.08 (1.3 in 2024), above the usual 1.5. Short-term debt is 36.6% and cash 2.2% of total assets. However, 55.2% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 29 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MNA CONSTRUCT Sint-Pieters-Leeuw | €57,301 | €13,407 | 44.8% | - |
| Global Construction De Rycke Bredene | €69,087 | €14,406 | 41.4% | - |
| JDK KLUSWERKEN Herentals | €61,659 | €10,602 | -54.0% | - |
| Pagrim Grimbergen | €47,526 | €17,589 | 84.3% | - |
| LUBAS Tremelo | €76,134 | €16,940 | -38.2% | - |
| MM STYLE Machelen (Brab.) | €83,212 | €15,866 | 85.6% | - |
| EDU DESIGN Vilvoorde | €58,707 | €18,017 | 39.6% | - |
These companies have the same main activity as MNA CONSTRUCT: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €47,500 and €83,200, founded between 2018 and 2021.
MNA CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €12,712 in 2020 to €13,407 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 48% of 35,119 companies in 2025.
Higher than 56% of 34,493 companies in 2025.
Higher than 29% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
57,301 | 104,691 | 50,930 | 41,403 | 27,777 | 35,655 | |
21/28 |
13,651 | 21,146 | 12,251 | 14,765 | 15,246 | 19,659 | |
22/27 |
13,651 | 21,146 | 12,251 | 14,765 | 15,246 | 19,659 | |
23 |
2,083 | 741 | 990 | 1,240 | - | - | |
24 |
11,569 | 20,405 | 11,260 | 13,525 | 15,246 | 19,659 | |
29/58 |
43,649 | 83,545 | 38,679 | 26,637 | 12,531 | 15,996 | |
40/41 |
36,711 | 78,703 | 29,696 | 25,105 | 12,126 | 13,424 | |
40 |
20,316 | 61,395 | 6,137 | 8,037 | 3,958 | 6,968 | |
41 |
16,395 | 17,308 | 23,559 | 17,067 | 8,168 | 6,456 | |
54/58 |
1,236 | 1,483 | 983 | 1,533 | 406 | 1,852 | |
490/1 |
5,702 | 3,360 | 8,000 | - | - | 721 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
57,301 | 104,691 | 50,930 | 41,403 | 27,777 | 35,655 | |
10/15 |
25,697 | 24,996 | 24,192 | 18,624 | 9,392 | 9,103 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
14 |
19,497 | 18,796 | 17,992 | 12,424 | 3,192 | 2,903 | |
17/49 |
31,604 | 79,696 | 26,738 | 22,779 | 18,385 | 26,552 | |
17 |
10,625 | 15,529 | 8,118 | 12,925 | 11,698 | 16,179 | |
170/4 |
10,625 | 15,529 | 8,118 | 12,925 | 11,698 | 16,179 | |
42/48 |
20,979 | 64,167 | 18,620 | 9,853 | 6,687 | 10,373 | |
42 |
1,609 | 1,609 | 4,171 | 3,981 | 4,462 | 4,373 | |
44 |
12,352 | 48,782 | 2,210 | 2,422 | 2,225 | - | |
440/4 |
12,352 | 560 | 2,210 | 2,422 | 2,225 | - | |
441 |
- | 48,222 | - | - | - | - | |
45 |
7,018 | 6,276 | 7,239 | 3,450 | - | - | |
450/3 |
3,568 | 2,826 | 1,939 | - | - | - | |
454/9 |
3,450 | 3,450 | 5,300 | 3,450 | - | - | |
47/48 |
- | 7,500 | 5,000 | - | - | 6,000 | |
| Income statement | |||||||
70 |
42,290 | 47,795 | 60,128 | - | - | - | |
9900 |
13,407 | 19,573 | 20,160 | 17,875 | 5,773 | 12,712 | |
60/61 |
32,562 | 41,132 | 43,250 | - | - | - | |
62 |
- | 69 | 91 | - | - | - | |
630 |
10,707 | 10,288 | 3,828 | 3,390 | 4,413 | 2,406 | |
640/8 |
- | - | 1,557 | 420 | 721 | 1,009 | |
66A |
- | - | - | 200 | - | 100 | |
9901 |
2,700 | 9,216 | 14,684 | 13,865 | 639 | 9,197 | |
75/76B |
- | 1,196 | 621 | - | - | - | |
75 |
- | 1,196 | 621 | - | - | - | |
65/66B |
257 | 282 | 929 | 4,008 | 278 | 294 | |
65 |
257 | 282 | 929 | 941 | 278 | 294 | |
66B |
- | - | - | 3,067 | - | - | |
9903 |
2,444 | 10,130 | 14,376 | 9,857 | 361 | 8,903 | |
67/77 |
1,742 | 1,826 | 3,808 | 625 | 72 | - | |
9904 |
702 | 8,304 | 10,568 | 9,232 | 289 | 8,903 | |
9905 |
702 | 8,304 | 10,568 | 9,232 | 289 | 8,903 | |
| Appropriation of the result | |||||||
9906 |
19,497 | 26,296 | 22,992 | 12,424 | 3,192 | 8,903 | |
14P |
18,796 | 17,992 | 12,424 | 3,192 | 2,903 | - | |
694/7 |
- | 7,500 | 5,000 | - | - | 6,000 | |
695 |
- | 7,500 | 5,000 | - | - | 6,000 | |
| Document | |||||||
The notes to these accounts have 6 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 10-09-2026.
2025 annual accounts filed 41 days after the deadline. Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00511336.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-09-2026 | 2026-00511336 | |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00503992 | |
| 31-12-2023 | micro format | 20-09-2024 | 2024-00471703 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00317684 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20298010 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48700520 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 13,407 | 19,504 | 18,512 | 17,255 | 5,052 | 11,603 | ||
| 11,408 | 18,592 | 14,396 | 12,622 | 4,702 | 11,309 | ||
| 3,212 | 29,327 | 1,313 | 18,156 | 0 | 22,064 | ||
| -247 | 500 | -549 | 1,127 | -1,447 | - | ||
| 22,671 | 19,379 | 20,059 | 16,784 | 5,844 | 5,624 | ||
| 6.4% | 19.3% | 24.4% | - | - | - | ||
| 44.8% | 23.9% | 47.5% | 45.0% | 33.8% | 25.5% | ||
| 2.08 | 1.30 | 2.08 | 2.70 | 1.87 | 1.54 | ||
| 1.23 | 3.19 | 1.11 | 1.22 | 1.96 | 2.92 | ||
| 2.7% | 33.2% | 43.7% | 49.6% | 3.1% | 97.8% | ||
| 1.2% | 7.9% | 20.7% | 22.3% | 1.0% | 25.0% | ||
| 52.27 | 69.08 | 19.93 | 18.33 | 18.14 | - | ||
| 175 days | 469 days | 37 days | - | - | - | ||
| 138 days | 433 days | 19 days | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,212 | €29,327 | €1,313 | €18,156 | - |
| €10,707 | €10,288 | €3,828 | €3,390 | €4,413 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 71% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 76.1% to 55.2%. Equity is higher and debt is lower.
MNA CONSTRUCT has no parent and no holdings in its annual accounts. MITABLINDA Nicolae is the only director. MNA CONSTRUCT shares no director with another company.
| Mîțăblîndă, Alexei (sole trader)
establishment since 01-10-2025 |
founded in 2025 1026.348.486 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MNA CONSTRUCT was incorporated on 24 June 2019 as a private limited company.1 Since 2019, MITABLINDA Nicolae has served as director.2 Turnover fell from €60,128 in 2023 to €42,290 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Meerweg 108 registered office 1600 Sint-Pieters-Leeuw | 24-06-2019 | 2.294.783.042 |
| 03-08-2026 | Discontinued | Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden submitted 02-06-2026 · project 2026065334 | Sint-Pieters-Leeuw |
| 11-03-2024 | Discontinued | Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden submitted 12-01-2024 · project 2024004653 | Sint-Pieters-Leeuw |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23582E0568/00P000 | 1,291 m² | 1 · 281 m² | 9.3 m · 1 |
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 0728.809.795
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