MNPD - Construct
ActiveSummary
MNPD - Construct has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,359 and a net result of €4,359. Its solvency ranks better than 16% of 9,639 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Development of residential building projects
NACE 68121
1 site
Size
€1.2mtotal assets 2024
- Equity
- €9,359
- Profit
- €4,359
Turnover not published (abbreviated format)
Structure
- CLIQUE INVESTDirector · permanent representative VAN GILS Tom
- Nassau Property ManagementDirector
2024 accounts filed 28 days late
Why 66raises riskFigures for financial year 2024 (filed 29-08-2025)Equity €9,359 (0.8% of total assets)lowers riskSize: total assets €1.2mSector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2024
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 31% of its sector peers (NACE 68, micro)
Financial strength
Weak
Solvency
26
equity 0.8% of total assets
Liquidity
17
short-term debt 99.1% · cash 13.9%
Profitability
69
return on assets 0.4%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 1.1%
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.4%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -1.0 percentage point vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.3 percentage points vs 08-2026
10-2026: 0.9%▼ -0.4 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.01, below the usual 1.5; short-term debt: 99.1% and cash: 13.9% of total assets), and 99.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 20% on solvency, 15% on liquidity and 57% on profitability.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9639 sector peers (2024).
NBB · sector comparisonPosition among 9639 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 28 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignations: DRIES BOSSUYT (manager) and BELGIUM…Appointments: CLIQUE INVEST (director) and…
- IncorporationAppointments: DRIES BOSSUYT (director) and…
Financials · financial year 2024, abbreviated format
2024 annual accounts filed late (28 days) Filed on 28 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00445540.
Equity
€9,359
Total assets
€1.2m
Net result
€4,359
Working capital
€6,899
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
Assets €1.2m
Fixed assets
€3,385
Current assets
€1.2m
Equity and liabilities €1.2m
Equity
€9,359
Debt
€1.2m
Debt finances 99.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€7,335
Cash flow
€5,260
Current ratio
1.01
Quick ratio
0.18
ROE
46.6%
ROA
0.4%
Interest coverage
11.30
Debt ≤ 1 year
€1.2m
Income taxes
€1,426
A ratio outside any meaningful range has been withheld (balance sheet total €1.2m, equity €9,359).
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.8% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
1.5%
stopped otherwise
95.8%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,514 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
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €901 |
| Other operating charges640/8 | €40,280 |
| Gross operating margin9900 | €47,615 |
| Operating profit (loss)9901 | €6,434 |
| Financial charges65/66B | €649 |
| Recurring financial charges65 | €649 |
| Profit (loss) for the period before taxes9903 | €5,784 |
| Income taxes67/77 | €1,426 |
| Profit (loss) for the period9904 | €4,359 |
| Profit (loss) for the period to be appropriated9905 | €4,359 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.2m | |
| Formation expenses20 | €0.001m | |
| Fixed assets21/28 | €0.003m | |
| Intangible fixed assets21 | €0.001m | |
| Financial fixed assets28 | €0.003m | |
| Current assets29/58 | €1.2m | |
| Stocks and contracts in progress3 | €1.0m | |
| Contracts in progress37 | €1.0m | |
| Amounts receivable within one year40/41 | €0.05m | |
| Trade receivables40 | €0.03m | |
| Other amounts receivable41 | €0.01m | |
| Cash at bank and in hand54/58 | €0.2m | |
| Deferred charges and accrued income490/1 | €0.003m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.2m | |
| Equity10/15 | €0.009m | |
| Contributions10/11 | €0.005m | |
| Reserves13 | €0.004m | |
| Distributable reserves133 | €0.004m | |
| Amounts payable17/49 | €1.2m | |
| Amounts payable within one year42/48 | €1.2m | |
| Trade debts44 | €0.2m | |
| Suppliers440/4 | €0.2m | |
| Advances received on contracts in progress46 | €0.2m | |
| Taxes, remuneration and social security45 | €0.001m | |
| Taxes450/3 | €0.001m | |
| Other amounts payable47/48 | €0.9m | |
| Accrued charges and deferred income492/3 | €0.002m | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €4,359 |
| + Depreciation and write-downs630 | €901 |
| Operating cash flow (approximation) | €5,260 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00445540 |
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Of the 9,532 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,448. 3,070 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2024
Board 2
CLIQUE INVEST
CurrentDirector (not named in the articles) · since 17-09-2024 · Private limited company · permanent representative: VAN GILS Tom
Nassau Property Management
CurrentDirector (not named in the articles) · since 23-09-2024 · Legal entity · from a recent deed
Permanent representatives 1
VAN GILS Tom
CurrentPermanent representative · since 17-09-2024 · for CLIQUE INVEST
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
4 people since 2024, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CLIQUE INVEST |
|
| Nassau Property Managementfrom an act |
|
| Belgium Land & Property |
|
| DRIES BOSSUYT |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
ESIL Vastgoed
Shared corporate director
→
GOBBERS
Shared corporate director
→
LAGO BV
Shared corporate director
→
MNPD Vastgoed
Shared corporate director
→
History
Acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 28 days late
2024
23-09
Gazette deed
Resignations: DRIES BOSSUYT (manager) and BELGIUM LAND & PROPERTY (manager)Appointments: CLIQUE INVEST (director) and Nassau Property Management (director) · Permanent representatives: VAN GILS Tom and JOOSEN Niki Johannes Nicolaas Peter · Name change20 facts ▸
Gazette deed
Resignations: DRIES BOSSUYT (manager) and BELGIUM LAND & PROPERTY (manager)
Appointments: CLIQUE INVEST (director) and Nassau Property Management (director) · Permanent representatives: VAN GILS Tom and JOOSEN Niki Johannes Nicolaas Peter · Name change20 facts ▸
- General meeting, 17-09-2024
- Name change, MNPD – Construct
- Registered-office move, 2950 Kapellen, Essenhoutstraat 209 bus 1
- Other provision, “voorlezing verslag bestuursorgaan uitbreiding voorwerp”, 12-09-2024 (deed in Dutch)
- Purpose change
- Director resignation, DRIES BOSSUYT (manager)
- Director resignation, BELGIUM LAND & PROPERTY (manager)
- Director discharge, DRIES BOSSUYT
- Director discharge, BELGIUM LAND & PROPERTY
- Director appointment, CLIQUE INVEST (director (not named in the articles))
- Permanent representative, VAN GILS Tom
- Director appointment, Nassau Property Management (director (not named in the articles))
- +8 further facts in this act
14-02
Gazette deed
IncorporationAppointments: DRIES BOSSUYT (director) and BELGIUM LAND & PROPERTY (director) · Permanent representatives: Dries Bossuyt and Kenny Vermeulen · Founder11 facts ▸
Gazette deed
Incorporation
Appointments: DRIES BOSSUYT (director) and BELGIUM LAND & PROPERTY (director) · Permanent representatives: Dries Bossuyt and Kenny Vermeulen · Founder11 facts ▸
- Founder, BELGIUM LAND & PROPERTY
- Incorporation, “Landmarx Putte Construct” (deed in Dutch)
- Founding capital, €5,000
- Bank account, “BE28 0019 6475 6420”, 5000 (deed in Dutch)
- Other provision, “bevestiging deponering, relevante artikelen statuten hieronder overgenomen” (deed in Dutch)
- Director appointment, DRIES BOSSUYT (director)
- Permanent representative, Dries Bossuyt
- Director appointment, BELGIUM LAND & PROPERTY (director)
- Permanent representative, Kenny Vermeulen
- Board meeting, “benoemen als afgevaardigd bestuurder de naamloze vennootschap Belgium Land & Property, vertegenwoordigd door vaste vertegenwoordiger Kenny Vermeulen, twee bestu…” (deed in Dutch)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen voortvloeiend uit rechtshandelingen in haar naam en voor haar rekening gesteld voor oprichting tot op heden” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded12-02-2024
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:1005903064
Also
9925:BE1005903064
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 1005.903.064
Recognitions · licences · registrations
Legal Entity Identifier
699400Z3XTAD7HJRDT72
Environmental permits
2 applications in Flanders since 2024 · 1 granted
Bouwen of herbouwen; Nieuwbouw of aanleggen
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2024
Ground area
1,768 m²
Building footprint
578 m²
Building volume
3,579 m³
Parcel 11902F0204/00B002, Flanders · tallest building 15.4 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Essenhoutstraat 209, 2950 Kapellen
since 2024unit no. 2.355.618.076
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11902F0204/00B002 | Flanders | 1,768 m² | 1 · 578 m² | 15.3 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Projectmanagement en projectontwikkeling en alles wat daarmee gepaard gaat zoals de promotie, realisatie, verkoop en commercialisatie van…” (deed in Dutch)deed of 23-09-2024
7 activities (deed in Dutch)
- Projectmanagement en projectontwikkeling en alles wat daarmee gepaard gaat zoals de promotie, realisatie, verkoop en commercialisatie van projecten, omvattende onder meer, maar niet uitsluitend het begeleiden van bouwprojecten onder meer met betrekking tot de bouw en realisatie van woningen, kantoren, appartementen, commerciële en industriële projecten, het uitvoeren van projectopvolging, toezicht, werfcontroles en expertises, kostencalculaties en budgetbeheer, de coördinatie van de werkzaamheden en de bouwwerf in het algemeen en in het bijzonder de werkzaamheden die betrekking hebben op de gehele of gedeeltelijke uitvoering van bouwvoltooiingswerken door onderaannemers, het verlenen van technische, juridische en administratieve adviezen, allerlei adviezen aan de bouwheer, het onderhandelen met en het aanstellen van architecten, aannemers en andere betrokken personen, het optreden tegenover allerlei overheden en instanties voor vergunningen en andere administratieve procedures; aan- en verkoop, huur en verhuur van onroerende goederen.
- De uitoefening van alle handelingen, verrichtingen en activiteiten van een bouwpromotor;
- De algemene coördinatie van bouwwerken in opdracht van derden;
- De onroerende promotie in de breedste zin, begrijpende onder meer het ontwerpen;
- Programmeren, organiseren, laten uitvoeren en coördineren van alle onroerende bouwwerken en van bijhorende, zowel als aanverwante verrichtingen;
- Het beheer van een patrimonium waarnemen, alleen of in participatie, voor eigen rekening of voor rekening van derden, alsook alle hiervoor niet voorziene verrichtingen waartoe onroerende goederen aanleiding kunnen geven;
- Advies verlenen op vlak van onroerend goed projecten en algemeen bedrijfsbeheer, zowel als externe dienstverlener dan als zaakvoerder of bestuurder.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 14-02-2024
- Name clauseThe name the company operates under according to its articles.
- Landmarx Putte Constructdeed of 14-02-2024
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, exploitatiezetels,administratieve zetels,filialen,agentschappen,depots in België of buitenland bij beslissing bestuursorgaan” (deed in Dutch)deed of 14-02-2024
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13 - Bestuursbevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Aantal,duur opdracht,bevoegdheid bij meerdere, één of meer” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van aandelen, Artikel 10” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, met inachtneming van vereisten voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en sluiting van vereffening in één akte, onder voorwaarden van artikel 2:80 WVV” (deed in Dutch)“Te allen tijde, gewone meerderheid van stemmen” (deed in Dutch)