MPI CONSTRUCT
ActiveThe file of MPI CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.4% (moderate). The 2025 annual accounts show equity of €69k and a net result of €-32k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 7838 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-23
Solvency55▼-3
Growth52=
Track record85
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.27 against 1.3 in 2024; short-term debt: 62.4% and cash: 5.9% of total assets), and 70.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.7%
Return on assets
-13.6%
Age of the figures
15 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-07-2026, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
152 d late
2024
3 d early
2023
5 d early
2022
9 d late
2021
6 d early
2020
27 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€69k▼ 22.4%
2024 · €89k
2020: €33klowest in 6 years
2021: €61k▲ +85.1% vs 2020
2022: €74k▲ +21.5% vs 2021
2023: €75k▲ +1.5% vs 2022
2024: €89k▲ +18.7% vs 2023highest in 6 years
2025: €69k▼ -22.4% vs 2024
2020 → 2025
Total assets
€233k▼ 12.8%
2024 · €267k
2020: €126klowest in 6 years
2021: €195k▲ +54.5% vs 2020
2022: €283k▲ +45.0% vs 2021highest in 6 years
2023: €268k▼ -5.4% vs 2022
2024: €267k▼ -0.3% vs 2023
2025: €233k▼ -12.8% vs 2024
2020 → 2025
Net result
€-32k
2024 · €14k
2020: €77khighest in 6 years
2021: €68k▼ -11.3% vs 2020
2022: €20k▼ -70.4% vs 2021
2023: €1k▼ -94.6% vs 2022
2024: €14k▲ +1197% vs 2023
2025: €-32k▼ -326% vs 2024lowest in 6 years
2020 → 2025
Working capital
€40k▼ 8.3%
2024 · €43k
2020: €-12klowest in 6 years
2021: €23k▲ +298% vs 2020
2022: €21k▼ -10.1% vs 2021
2023: €37k▲ +74.8% vs 2022
2024: €43k▲ +18.6% vs 2023highest in 6 years
2025: €40k▼ -8.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€74k▲ 21.5%€75k▲ 1.5%€89k▲ 18.7%€69k▼ 22.4%
2021: €61klowest in 5 years
2022: €74k▲ +21.5% vs 2021
2023: €75k▲ +1.5% vs 2022
2024: €89k▲ +18.7% vs 2023highest in 5 years
2025: €69k▼ -22.4% vs 2024
Operating result€79k-€28k▼ 63.9%€6k▼ 77.8%€20k▲ 225%€7k▼ 65.8%
2021: €79khighest in 5 years
2022: €28k▼ -63.9% vs 2021
2023: €6k▼ -77.8% vs 2022lowest in 5 years
2024: €20k▲ +225% vs 2023
2025: €7k▼ -65.8% vs 2024
Net result€68k-€20k▼ 70.4%€1k▼ 94.6%€14k▲ 1,197%€-32k
2021: €68khighest in 5 years
2022: €20k▼ -70.4% vs 2021
2023: €1k▼ -94.6% vs 2022
2024: €14k▲ +1197% vs 2023
2025: €-32k▼ -326% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233k
Fixed assets
€48k ▼ 38.4%
Current assets
€185k ▼ 2.3%
Equity and liabilities €233k
Equity
€69k ▼ 22.4%
Debt
€164k ▼ 8.0%
Debt's share of the balance-sheet total rises from 66.6% to 70.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €29k
Cash flow
€-5k▼
2024 · €22k
Current ratio
1.27▼
2024 · 1.30
Debt to equity
2.36▲
2024 · 1.99
ROE
-45.8%▼
2024 · 15.7%
ROA
-13.6%▼
2024 · 5.3%
Interest coverage
26.84▼
2024 · 28.74
Debt ≤ 1 year
€145k▼
2024 · €146k
Debt > 1 year
€18k▼
2024 · €32k
Income taxes
€37k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€267k€233k▼
Fixed assets21/28€78k€48k▼
Tangible fixed assets22/27€78k€48k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€72k€45k▼
Current assets29/58€189k€185k▼
Amounts receivable within one year40/41€125k€171k▲
Trade receivables40€124k€158k▲
Other amounts receivable41€908€14k▲
Cash at bank and in hand54/58€64k€14k▼
Deferred charges and accrued income490/1€107-
Equity and liabilities
Total equity and liabilities10/49€267k€233k▼
Equity10/15€89k€69k▼
Contributions10/11€6k€18k▲
Capital10€6k€18k▲
Issued capital100€19k€30k▲
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€81k€49k▼
Amounts payable17/49€178k€164k▼
Amounts payable after more than one year17€32k€18k▼
Financial debts170/4€32k€18k▼
Amounts payable within one year42/48€146k€145k▼
Current portion of amounts payable after more than one year42€13k€16k▲
Taxes, remuneration and social security45€18k€24k▲
Taxes450/3€7k€13k▲
Remuneration and social security454/9€11k€11k=
Other amounts payable47/48€114k€105k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€27k▲
Other operating charges640/8€710€205▼
Gross operating margin9900€29k€34k▲
Operating profit (loss)9901€20k€7k▼
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€997€1k▲
Recurring financial charges65€997€1k▲
Profit (loss) for the period before taxes9903€19k€6k▼
Income taxes67/77€5k€37k▲
Profit (loss) for the period9904€14k€-32k▼
Profit (loss) for the period to be appropriated9905€14k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€49k▼
Profit (loss) brought forward from the previous period14P€67k€81k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €24k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €28k | €32k | €8k | €27k | ▲ 222% |
| Other operating charges640/8 | - | €12k | €2k | €710 | €205 | ▼ 71.1% |
| Gross operating margin9900 | €102k | €92k | €41k | €29k | €34k | ▲ 14.8% |
| Operating profit (loss)9901 | €79k | €28k | €6k | €20k | €7k | ▼ 65.8% |
| Financial income75/76B | - | - | - | €20 | - | - |
| Recurring financial income75 | - | - | - | €20 | - | - |
| Financial charges65/66B | - | €1k | €1k | €997 | €1k | ▲ 25.3% |
| Recurring financial charges65 | €864 | €1k | €1k | €997 | €1k | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €78k | €27k | €5k | €19k | €6k | ▼ 70.5% |
| Income taxes67/77 | €10k | €7k | €4k | €5k | €37k | ▲ 593% |
| Profit (loss) for the period9904 | €68k | €20k | €1k | €14k | €-32k | ▼ 326% |
| Profit (loss) for the period to be appropriated9905 | €68k | €20k | €1k | €14k | €-32k | ▼ 326% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €283k | €268k | €267k | €233k | ▼ 12.8% |
| Fixed assets21/28 | €38k | €112k | €84k | €78k | €48k | ▼ 38.4% |
| Tangible fixed assets22/27 | €38k | €112k | €84k | €78k | €48k | ▼ 38.4% |
| Plant, machinery and equipment23 | - | €5k | €4k | €5k | €3k | ▼ 41.4% |
| Furniture and vehicles24 | - | €106k | €80k | €72k | €45k | ▼ 38.2% |
| Current assets29/58 | €157k | €171k | €184k | €189k | €185k | ▼ 2.3% |
| Amounts receivable within one year40/41 | €149k | €117k | €120k | €125k | €171k | ▲ 37.1% |
| Trade receivables40 | - | €115k | €117k | €124k | €158k | ▲ 27.1% |
| Other amounts receivable41 | - | €1k | €2k | €908 | €14k | ▲ 1,399% |
| Cash at bank and in hand54/58 | €6k | €50k | €64k | €64k | €14k | ▼ 78.6% |
| Deferred charges and accrued income490/1 | - | €5k | €72 | €107 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €283k | €268k | €267k | €233k | ▼ 12.8% |
| Equity10/15 | €61k | €74k | €75k | €89k | €69k | ▼ 22.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €18k | ▲ 190% |
| Capital10 | - | €6k | €6k | €6k | €18k | ▲ 190% |
| Issued capital100 | - | €19k | €19k | €19k | €30k | ▲ 63.4% |
| Uncalled capital101 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €53k | €66k | €67k | €81k | €49k | ▼ 39.1% |
| Amounts payable17/49 | €134k | €209k | €193k | €178k | €164k | ▼ 8.0% |
| Amounts payable after more than one year17 | - | €58k | €45k | €32k | €18k | ▼ 42.5% |
| Financial debts170/4 | - | €58k | €45k | €32k | €18k | ▼ 42.5% |
| Amounts payable within one year42/48 | €134k | €150k | €147k | €146k | €145k | ▼ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €16k | ▲ 18.2% |
| Trade debts44 | €21k | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €31k | €20k | €18k | €24k | ▲ 32.3% |
| Taxes450/3 | - | €9k | €9k | €7k | €13k | ▲ 80.3% |
| Remuneration and social security454/9 | - | €21k | €11k | €11k | €11k | = |
| Other amounts payable47/48 | - | €107k | €114k | €114k | €105k | ▼ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €20k | €1k | €14k | €-32k | ▼ 326% |
| + Depreciation and write-downs630 | €18k | €28k | €32k | €8k | €27k | ▲ 222% |
| Operating cash flow (approximation) | €86k | €48k | €34k | €22k | €-5k | ▼ 123% |
| Investment in fixed assets (approximation) | - | €-102k | €-5k | €-2k | €3k | ▲ 257% |
| Change in cash | - | €44k | €14k | €114 | €-51k | ▼ 44,440% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 152 days late
28-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 21-04-2026
16-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 10-03-2026
2025
30-06
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Pieters-Leeuw · 1 establishment unit since 2019
Ground area
8,629 m²
Building footprint
1,464 m²
Volume, LiDAR
673 m³
2 parcels, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
301
companies at this address
See who is registered here
1 establishment unit
MPI CONSTRUCT
since 20192.284.989.012
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 23021B0479/00V000 | Flanders | 318 m² | 1 · 134 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON PROOST VICTOR NONNEMANSTRAAT 15 B,
1600 SINT-PIETERS-LEEUW |
10-03-2026 → 21-04-2026 |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,213 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
Founded07-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
Contact
E-mail
pavelionascu@icloud.comAffligem
Phone
0488830952Affligem
Scores and ratios are computed by Checked and are not a credit decision.