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MNM CONSTRUCTION

Active
Private limited companyfounded 20251 yr activeKareelerf 13, 1800 Vilvoorde, BelgiumKBO/BCE: BE 1020.081.494
Summary

MNM CONSTRUCTION has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,025 and a net result of €20,025. Its solvency ranks better than 41% of 2218 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes
Profitability100
Solvency54
Growth-
Track record67
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.87; short-term debt: 70.9% and cash: 16.6% of total assets), and 70.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
29.1%
Return on assets
29.1%
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 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

MNM CONSTRUCTION was incorporated on 17 February 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€20,025
Total assets
€68,824
Net result
€20,025
Working capital
-€6,131

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

Balance-sheet composition
Assets €68,824
Fixed assets €26,156
Current assets €42,668
Equity and liabilities €68,824
Equity €20,025
Debt €48,799
Debt finances 70.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€33,633
Cash flow
€27,753
Current ratio
0.87
Debt to equity
2.44
ROE
100.0%
ROA
29.1%
Interest coverage
532.84
Debt ≤ 1 year
€48,799
Income taxes
€5,877

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,390 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 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€68,824
Fixed assets21/28€26,156
Tangible fixed assets22/27€26,156
Furniture and vehicles24€26,156
Current assets29/58€42,668
Amounts receivable within one year40/41€31,262
Trade receivables40€27,773
Other amounts receivable41€3,489
Cash at bank and in hand54/58€11,406
Equity and liabilities
Total equity and liabilities10/49€68,824
Equity10/15€20,025
Profit (loss) carried forward14€20,025
Amounts payable17/49€48,799
Amounts payable within one year42/48€48,799
Trade debts44€27,284
Suppliers440/4€27,284
Advances received on contracts in progress46€7,240
Taxes, remuneration and social security45€5,877
Taxes450/3€5,877
Other amounts payable47/48€8,398
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,729
Other operating charges640/8€134
Gross operating margin9900€33,767
Operating profit (loss)9901€25,904
Financial income75/76B€60
Recurring financial income75€60
Financial charges65/66B€63
Recurring financial charges65€63
Profit (loss) for the period before taxes9903€25,901
Income taxes67/77€5,877
Profit (loss) for the period9904€20,025
Profit (loss) for the period to be appropriated9905€20,025
Appropriation of the result
Profit (loss) to be appropriated9906€20,025

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,729
Other operating charges640/8€134
Gross operating margin9900€33,767
Operating profit (loss)9901€25,904
Financial income75/76B€60
Recurring financial income75€60
Financial charges65/66B€63
Recurring financial charges65€63
Profit (loss) for the period before taxes9903€25,901
Income taxes67/77€5,877
Profit (loss) for the period9904€20,025
Profit (loss) for the period to be appropriated9905€20,025
Line2025
Assets
Total assets20/58€68,824
Fixed assets21/28€26,156
Tangible fixed assets22/27€26,156
Furniture and vehicles24€26,156
Current assets29/58€42,668
Amounts receivable within one year40/41€31,262
Trade receivables40€27,773
Other amounts receivable41€3,489
Cash at bank and in hand54/58€11,406
Equity and liabilities
Total equity and liabilities10/49€68,824
Equity10/15€20,025
Profit (loss) carried forward14€20,025
Amounts payable17/49€48,799
Amounts payable within one year42/48€48,799
Trade debts44€27,284
Suppliers440/4€27,284
Advances received on contracts in progress46€7,240
Taxes, remuneration and social security45€5,877
Taxes450/3€5,877
Other amounts payable47/48€8,398
Line2025
Profit (loss) for the period9904€20,025
+ Depreciation and write-downs630€7,729
Operating cash flow (approximation)€27,753

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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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated 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.

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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, Vilvoorde · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
371 m²
Building footprint
96 m²
Volume, LiDAR
664 m³
Parcel 23645C0028/00C000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MNM CONSTRUCTION
Kareelerf 13, 1800 VilvoordeGeneral construction of residential buildings
since 20252.391.656.546
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23645C0028/00C000 Flanders 371 m² 1 · 96 m² 9.3 m · 2 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.

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 11,554 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:1020081494
Also 9925:BE1020081494
Registered 25-12-2025

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

Register as of 28 September 2026 · Peppol Directory

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