MNL Construct

Active

Private limited companyfounded 20241 yr activeGrand Trihe 8, 4400 Flémalle, BelgiumKBO/BCE: BE 1017.505.749

The computed 12-month bankruptcy probability of MNL Construct is 1.6% (moderate). The 2025 annual accounts show equity of €9k and a net result of €1k. Its solvency ranks better than 41% of 7293 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

71 / 100

Healthy▲ +23 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability67▼-33

Solvency56▼-3

Growth52

Stability82

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.01 against 0.51 in 2024), and 64.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

28 d early

2024

31 d early

← before the deadline after the deadline →

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

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€9k▲ 15.6%

2024 · €8k

2024: €8k

2024 → 2025

Total assets

€25k▲ 54.3%

2024 · €16k

2024: €16k

2024 → 2025

Net result

€1k▼ 83.3%

2024 · €7k

2024: €7k

2024 → 2025

Working capital

€150

2024 · €-4k

2024: €-4k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€8k-€9k▲ 15.6%

Operating result€9k-€2k▼ 80.0%

Net result€7k-€1k▼ 83.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 80% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €25k

34.8%

65.2%

Fixed assets €9k▼ 26.4%

Current assets €16k▲ 272%

Equity and liabilities €25k

35.4%

64.6%

Equity €9k▲ 15.6%

Debt €16k▲ 89.0%

The debt ratio rises from 52.7% to 64.6%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€6k

Cash flow

€5k

Solvency

35.4%▼

2024 · 47.3%

Current ratio

1.01▲

2024 · 0.51

Quick ratio

0.48▼

2024 · 0.51

Debt / equity

1.82▲

2024 · 1.12

ROE

13.5%▼

2024 · 93.4%

ROA

4.8%▼

2024 · 44.2%

Interest coverage

26.48

Debt

€16k▲

2024 · €8k

Debt ≤ 1 year

€16k▲

2024 · €8k

Income taxes

€452▼

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€16k€25k▲

Fixed assets21/28€12k€9k▼

Tangible fixed assets22/27€12k€9k▼

Plant, machinery and equipment23€12k€9k▼

Current assets29/58€4k€16k▲

Stocks and contracts in progress3-€9k

Stocks30/36-€3k

Contracts in progress37-€5k

Amounts receivable within one year40/41€1k€6k▲

Trade receivables40€0€3k▲

Other amounts receivable41€1k€3k▲

Cash at bank and in hand54/58€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€16k€25k▲

Equity10/15€8k€9k▲

Contributions10/11€500€500=

Profit (loss) carried forward14€7k€8k▲

Amounts payable17/49€8k€16k▲

Amounts payable within one year42/48€8k€16k▲

Trade debts44€4k€377▼

Suppliers440/4€4k€377▼

Taxes, remuneration and social security45€2k€2k▲

Taxes450/3€2k€2k▲

Other amounts payable47/48€3k€13k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k

Other operating charges640/8€5k€149▼

Gross operating margin9900€14k€6k▼

Operating profit (loss)9901€9k€2k▼

Financial income75/76B-€70

Recurring financial income75-€70

Financial charges65/66B-€219

Recurring financial charges65-€219

Profit (loss) for the period before taxes9903€9k€2k▼

Income taxes67/77€2k€452▼

Profit (loss) for the period9904€7k€1k▼

Profit (loss) for the period to be appropriated9905€7k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€7k€8k▲

Profit (loss) brought forward from the previous period14P-€7k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

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, Flémalle · 1 establishment unit since 2024

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.

Grand Trihe 84400 Flémalle

Ground area

775 m²

Building footprint

755 m²

Volume, LiDAR

8,088 m³

Parcel 62037A0719/00D007, Wallonia · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MNL Construct

Grand Trihe 8, 4400 FlémalleSpecialised construction activities

since 20242.368.266.579

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62037A0719/00D007	Wallonia	775 m²	1 · 755 m²	11.9 m · 4 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

Algemene Bouwonderneming A. Joosen en Zonen

Sint-Genesius-Rode · Eq €9k

NOBELLS PROJECT

BE 1021.515.017

Sint-Jans-Molenbeek · Eq €9k

NIKE Construct

BE 1007.850.388

Schaarbeek · Eq €9k

MARTIN VAN CLEVEN ALGEMENE BOUW- EN VLOERONDERNEMING

BE 0433.191.706

Houthulst · Eq €9k

Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 8,652 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-12-2024

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

41003General construction of other non-residential buildings

43110Demolition

43910Bricklaying and masonry work

43994Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.