Debts
€50,631 86% of the balance sheet
Financial debts 59%Suppliers 14%Taxes and wages 1%Other 25%
Of this, €20,673 falls due within a year.
MOD CONSTRUCTION
Overview
Lifetime
2 annual accounts with figures on one time axispeak €28,793 (2025)
€28,793▲ 904%
peak €4,761 (2025)
€4,761▲ 13×
peak €8,127 (2025)
€8,127▲ 141%
€50,631▲ 199%
Board1 name since 2024
1 directorDE HAES Maxime Pascal Vincent
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from €2,869 to €28,793Result from €366 to €4,761Registered office moved from Oreye to Hannut 04-12Equity from €3,366 to €8,127Debts from €16,931 to €50,631Investments €33,465
Key points
from the 2025 annual accountsInvestments
€42,919 6.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 128.0% higher than in 2024.
Position in the sector
€8,127
Less equity than 80% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
2025 accounts filed 17 days after the deadline
Checked score
40
Weak
Financially stronger than 55% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 2.3%lowest value
12-2025: 2.3%● unchanged vs 11-2025lowest value
01-2026: 3.3%▲ +1.0 percentage point vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.4%▲ +0.1 percentage points vs 02-2026
04-2026: 4.0%▲ +0.6 percentage points vs 03-2026
05-2026: 5.0%▲ +1.0 percentage point vs 04-2026
06-2026: 5.0%● unchanged vs 05-2026
07-2026: 5.2%▲ +0.2 percentage points vs 06-2026
08-2026: 6.0%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 4.5%▼ -1.5 percentage points vs 08-2026
10-2026: 4.5%● unchanged vs 09-2026
11-2026: 4.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €58,757
lowers risk
Figures for financial year 2025 (filed on 19-08-2026)
Calculation
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 41, micro). It does better than 21% of them on solvency, 49% on liquidity, 59% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as MOD CONSTRUCTION has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MOD CONSTRUCTION itself: 4.5% within 12 months.
Test of the method
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 7,976 companies, not a prediction for MOD CONSTRUCTION. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.97 (1.2 in 2024), below 1. Short-term debt is 35.2% and cash 11.9% of total assets. 86.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 2 filingsDeviation from the deadline
2025
17 days late
2024
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 7 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014416102
Registered office moved from Oreye to Hannut
New registered office: Rue de Wavre, 57 4280 Hannut · Previous registered office: Rue L. Maréchal, 69 4360 Oreye · Maxime DE HAES holds 100 shares · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: DE HAES Maxime Pascal Vincent · Appointment: DE HAES Maxime Pascal Vincent (director) · published on 03-10-2024 · Gazette deed
First establishment
Rue L. Maréchal 69, Oreye
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOD CONSTRUCTION Hannut | €58,757 | €28,793 | 13.8% | - |
| ProPhilD Limbourg | €49,996 | €25,679 | 76.1% | - |
| Bright Osahon Construct Zelzate | €56,108 | €26,877 | 63.7% | - |
| NICO BATI Charleroi | €60,166 | €28,103 | 55.5% | - |
| Van Mulders Bouw Opwijk | €52,301 | €27,548 | 29.2% | - |
| GOLD CONSTRUCTION Incourt | €57,653 | €24,862 | 34.6% | - |
| Unicpaint Antwerp | €54,225 | €28,451 | 41.0% | - |
These companies have the same main activity as MOD CONSTRUCTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €50,000 and €60,200, founded in 2024.
Official details
Source: KBO- Status
- Active since 01-10-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.364.632.5444360 Oreye, since 01-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €28,793▲ 904%
- ≈ €200,000estimated
- €4,761▲ 13×
- €8,127▲ 141%
- €58,757▲ 189%
- Filing
- Filed on 17-08-2026
Insights on MOD CONSTRUCTION
The computed 12-month bankruptcy probability of MOD CONSTRUCTION is 4.5% (elevated). The 2025 annual accounts show equity of €8,127 and a net result of €4,761.
Its solvency ranks better than 21% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 17-08-2026, 17 days late€28,793
▲ 904%
€9,580
▲ 854%
€4,761
▲ 13×
-€541
▼ €1,879
13.8%
▼ 2.8 percentage points
0.97
▼ 0.22
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €110,000 and €360,000.
Balance sheet
balance sheet total €58,757 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
13.8%
Higher than 21% of 9,462 companies in 2025.
0.97
Higher than 21% of 9,210 companies in 2025.
8.1%
Higher than 53% of 9,282 companies in 2025.
MOD CONSTRUCTION
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
58,757 | 20,297 | |
21/28 |
38,625 | 12,215 | |
22/27 |
38,625 | 12,215 | |
23 |
6,296 | 2,761 | |
24 |
32,328 | 9,454 | |
29/58 |
20,133 | 8,082 | |
40/41 |
13,124 | 4,814 | |
40 |
5,100 | 2,300 | |
41 |
8,024 | 2,514 | |
54/58 |
7,008 | 3,268 | |
| Balance sheet: equity and liabilities | |||
10/49 |
58,757 | 20,297 | |
10/15 |
8,127 | 3,366 | |
10/11 |
3,000 | 3,000 | |
14 |
5,127 | 366 | |
17/49 |
50,631 | 16,931 | |
17 |
29,957 | 10,187 | |
170/4 |
29,957 | 10,187 | |
42/48 |
20,673 | 6,744 | |
42 |
12,744 | 3,113 | |
44 |
7,301 | 2,390 | |
440/4 |
7,301 | 2,390 | |
45 |
628 | 1,226 | |
450/3 |
628 | 1,226 | |
47/48 |
- | 15 | |
| Income statement | |||
9900 |
28,793 | 2,869 | |
630 |
7,055 | 663 | |
640/8 |
12,158 | 1,202 | |
9901 |
9,580 | 1,004 | |
75/76B |
59 | 0 | |
75 |
59 | 0 | |
65/66B |
1,809 | 162 | |
65 |
1,809 | 162 | |
9903 |
7,830 | 842 | |
67/77 |
3,069 | 476 | |
9904 |
4,761 | 366 | |
9905 |
4,761 | 366 | |
| Appropriation of the result | |||
9906 |
5,127 | 366 | |
14P |
366 | - | |
| Document | |||
The notes to these accounts have 8 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 17-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405414.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 16,636 | 1,667 | ||
| 11,816 | 1,028 | ||
| 42,919 | 12,877 | ||
| 3,740 | - | ||
| -541 | 1,338 | ||
| 13.8% | 16.6% | ||
| 0.97 | 1.20 | ||
| 6.23 | 5.03 | ||
| 58.6% | 10.9% | ||
| 8.1% | 1.8% | ||
| 9.20 | 10.27 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €42,919 | €12,877 |
| €7,055 | €663 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MOD CONSTRUCTION
The operating result for 2025 is 9.5 times that of 2024.
Debt's share of the balance-sheet total rises from 83.4% to 86.2%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 30-09-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 17-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 03-10-2024
Mandates through the years
1 name, the dashed line is todayDE HAES Maxime Pascal Vincent
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DE HAES Maxime Pascal Vincent
- Director (not named in the articles), from 30-09-2024 to date
Control
Shareholder
Maxime DE HAES
This company
MOD CONSTRUCTION
Equity €8,127
Profit €4,761 in 2025
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €81.27 in 2025
- Source
- deed of 03-10-2024
Articles of association
deed of 03-10-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Peut déléguer des pouvoirs spéciaux à tout mandataire, chaque administrateur représente la société à l'égard des tiers et en justice, soit…”“Portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements, l'assemblée générale décide si le…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
Stated in the deed
deed of 04-12-2025 ↗
- Maxime DE HAES 100 shares
At incorporation
deed of 03-10-2024 ↗
- DE HAES Maxime Pascal Vincent 100 shares (100%) · €3,000 in cash
Network & group
No group
MOD CONSTRUCTION has no parent and no holdings in its annual accounts. DE HAES Maxime Pascal Vincent is the only director. MOD CONSTRUCTION shares no director with another company.
Timeline
Timeline
6 events since 2024Capital
Filings
Establishments
Address
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 17 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1014416102
Registered office moved from Oreye to HannutNew registered office: Rue de Wavre, 57 4280 Hannut · Previous registered office: Rue L. Maréchal, 69 4360 Oreye · Maxime DE HAES holds 100 shares2 points ▸
- Maxime DE HAES holds 100 shares
- Registered-office move, Rue de Wavre, 57 4280 Hannut
- The deed holds 1 more point.
Annual accounts 2024 filed NBBmicro format · 3 days before the deadline
2024
IncorporationFounding capital of €3,000, 100 shares · Founder: DE HAES Maxime Pascal Vincent · Appointment: DE HAES Maxime Pascal Vincent (director) · published on 03-10-20246 points ▸
- Founder, DE HAES Maxime Pascal Vincent
- Founding capital, €3,000, 100 shares
- 100 shares
- Registered office clause, rue Louis Maréchal 69, 4360 Oreye
- Board rule, 1
- Director appointment, DE HAES Maxime Pascal Vincent (director (not named in the articles))
- The deed holds 1 more point.
First establishment Rue L. Maréchal 69, Oreye
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 1 October 2024, MOD CONSTRUCTION was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Hannut.3 DE HAES Maxime Pascal Vincent has served as director since 2024.4
Company details
Identity
- Enterprise number
- 1014.416.102
- VAT number
- BE 1014.416.102
- Peppol ID
- 0208:1014416102
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-10-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 31-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MOD CONSTRUCTION in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-10-2024 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'étude et la réalisation de tous travaux de construction, publics ou privés, en qualité d'entrepreneur général ou en sous-traitance, la…”deed of 03-10-2024 (in French)
18 activities
- L'étude et la réalisation de tous travaux de construction, publics ou privés, en qualité d'entrepreneur général ou en sous-traitance, la conception et la construction de tous bâtiments et édifices, l'étude et la réalisation de décorations tant intérieures qu'extérieures, en compris les travaux de gros-œuvre
- Toutes les activités généralement étendues comme celles d’une entreprise générale de construction, toutes opérations se rapportant à la construction, la rénovation et l’aménagement de bâtiments de toutes natures, toutes activités liées à la décoration intérieure, l’importation et l’exportation de tous matériaux de construction et de toutes marchandises quelles qu’elles soient, en gros ou au détail
- Toutes opérations se rapportant directement ou indirectement à l'entretien, la rénovation, la restauration, la réparation et la maintenance de tous biens immeubles
- L'entreprise de terrassement, l'entreprise de travaux de drainage, tous travaux de consolidation du sol par tous systèmes, ainsi que l'aménagement des abords
- Tous travaux de plafonnage, de cimentage, de peinture et de parachèvement, ainsi que le placement de cloisons en tous genres ainsi que de chapes
- L'entreprise d'isolation thermique et acoustique, l'installation et le placement de cloisons et faux plafonds, la pose de plâtre et de gyproc
- L'installation de tous systèmes de chauffage, de climatisation, de panneaux solaires, de pompes à chaleur, de ventilation et d'aération
- L'installation et le placement de sanitaires, d'adoucisseurs d'eau, ainsi que de câbles et de canalisations diverses, de distribution d'eau et de gaz
- Le placement de ferronneries, volets et menuiseries métalliques et plastiques, le placement de volets en bois, la construction métallique, le montage de constructions métalliques et plastiques
- Le sablage et le rejointoyage
- L'installation, l'entretien et l'aménagement de piscines et tout ce qui en découle
- Le conseil pour les affaires et le management en général dans le domaine administratif, financier, commercial, technique, organisationnel ou de la communication
- L'achat, la vente en gros ou en détail, la location, l'importation, l'exportation, de tous matériaux, marchandises, appareils et outillages directement ou indirectement liés aux activités qui précèdent
- La location de machines (excavatrices et autres) et outillages
- Tous travaux de secrétariat en général, tous travaux d'encodage et de traitement de l'information et/ou de données informatiques
- Toutes activités relatives à l'acquisition, la gestion, l'administration, la promotion, la construction, l'exploitation et la mise en valeur de biens immobiliers par location, vente, échange et de toute autre manière, ainsi que l'exercice de toutes activités accessoires, de quelque nature qu'elles soient, pouvant être utiles à la réalisation effective de l'objet
- La location de véhicules mixtes, utilitaires et oldtimers
- La préparation, la rédaction et la conclusion, en tant que mandataire ou pour compte propre, de tous marchés de travaux publics ou privés ou de fourniture et toutes opérations se rattachant à ces objets
Registered office and establishments
1 establishmentOnly the seat on the map
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Wavre 57 registered office 4280 Hannut | ||
| Rue L. Maréchal 69 4360 Oreye | 01-10-2024 | 2.364.632.544 |
1 former office
- Rue L. Maréchal, 69, 4360 Oreye until the deed of 04-12-2025
Buildings and parcels at the address
- Ground area
- 402 m²
- Buildings
- 58 m²
- Volume, LiDAR
- 503 m³
- Tallest building
- 9.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64034A0466/00R000 | 402 m² | 1 · 58 m² | 9.8 m · 3 |
Invoicing and payment
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 1014.416.102