Filings
Latest accounts filed late: after the legal deadline.
Opened on 12 February 2026 · moratorium passed on 13 February 2026
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Embed the MPI CONSTRUCT company card in your article about this reorganisation: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Latest accounts filed late: after the legal deadline.
Lower net result than 91% of companies in specialised construction. Sector median €26,646 · 9,965 companies.
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24.
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).
Liquidity is tight, with a current ratio of 1.27 (1.3 in 2024), below the usual 1.5. Short-term debt is 62.4% and cash 5.9% of total assets. 70.3% of the assets are financed with debt and provisions.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MPI CONSTRUCT Sint-Pieters-Leeuw | - | - | 29.7% | - |
| CVI CONSTRUCT Overijse | - | - | 89.9% | - |
| Cockheyt Biopools Begijnendijk | - | - | 96.6% | - |
| M2-Construct Antwerp | - | - | 26.2% | - |
| PAINT'HOUSE BY J-F Seraing | - | - | -40.4% | - |
| STHILL WERKEN Beveren-Kruibeke-Zwijndrecht | €287,372 | 6.5% | 60.5% | - |
| INTER TRAVAUX GROUP Anderlecht | €276,277 | 11.4% | 54.9% | - |
These companies have the same main activity as MPI CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €194,000 and €252,000, founded between 2018 and 2019.
MPI CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €103,136 in 2020 to €33,724 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €190,000 and €490,000.
Higher than 32% of 9,973 companies in 2025.
Higher than 32% of 9,836 companies in 2025.
Higher than 8% of 9,905 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
232,768 | 266,960 | 267,640 | 282,948 | 195,176 | 126,346 | |
21/28 |
47,844 | 77,701 | 83,827 | 111,557 | 37,688 | 44,619 | |
22/27 |
47,844 | 77,701 | 83,827 | 111,557 | 37,688 | 44,619 | |
23 |
3,139 | 5,359 | 4,101 | 5,385 | 6,594 | 5,014 | |
24 |
44,705 | 72,342 | 79,726 | 106,172 | 31,094 | 39,605 | |
29/58 |
184,924 | 189,259 | 183,813 | 171,391 | 157,488 | 81,727 | |
40/41 |
171,164 | 124,844 | 119,547 | 116,505 | 148,884 | 34,314 | |
40 |
157,557 | 123,936 | 117,453 | 115,344 | 137,384 | 19,996 | |
41 |
13,607 | 908 | 2,094 | 1,161 | 11,500 | 14,318 | |
54/58 |
13,760 | 64,308 | 64,194 | 50,197 | 6,079 | 46,198 | |
490/1 |
- | 107 | 72 | 4,689 | 2,525 | 1,215 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
232,768 | 266,960 | 267,640 | 282,948 | 195,176 | 126,346 | |
10/15 |
69,213 | 89,146 | 75,113 | 74,031 | 60,920 | 32,910 | |
10/11 |
18,000 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
18,000 | 6,200 | 6,200 | 6,200 | - | - | |
100 |
30,400 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
14 |
49,353 | 81,086 | 67,053 | 65,971 | 52,860 | 24,850 | |
17/49 |
163,555 | 177,814 | 192,527 | 208,917 | 134,256 | 93,436 | |
17 |
18,338 | 31,878 | 45,238 | 58,420 | - | - | |
170/4 |
18,338 | 31,878 | 45,238 | 58,420 | - | - | |
42/48 |
145,217 | 145,936 | 147,289 | 150,497 | 134,256 | 93,436 | |
42 |
15,787 | 13,360 | 13,182 | 13,006 | - | - | |
44 |
- | - | - | - | 20,971 | 34,746 | |
440/4 |
- | - | - | - | 20,971 | 34,746 | |
45 |
24,466 | 18,499 | 20,461 | 30,524 | 9,631 | 8,690 | |
450/3 |
13,402 | 7,435 | 9,397 | 9,167 | 9,631 | 8,690 | |
454/9 |
11,064 | 11,064 | 11,064 | 21,357 | - | - | |
47/48 |
104,964 | 114,077 | 113,646 | 106,967 | 103,654 | 50,000 | |
| Income statement | |||||||
9900 |
33,724 | 29,365 | 40,921 | 92,447 | 101,771 | 103,136 | |
62 |
- | - | - | 23,713 | - | - | |
630 |
26,536 | 8,235 | 32,499 | 27,987 | 17,977 | 15,388 | |
640/8 |
205 | 710 | 2,135 | 12,430 | 5,289 | 2,630 | |
9901 |
6,983 | 20,420 | 6,287 | 28,317 | 78,505 | 85,118 | |
75/76B |
- | 20 | - | - | - | 217 | |
75 |
- | 20 | - | - | - | 217 | |
65/66B |
1,249 | 997 | 1,440 | 1,065 | 864 | 535 | |
65 |
1,249 | 997 | 1,440 | 1,065 | 864 | 535 | |
9903 |
5,734 | 19,443 | 4,847 | 27,252 | 77,641 | 84,800 | |
67/77 |
37,467 | 5,410 | 3,765 | 7,141 | 9,631 | 8,090 | |
9904 |
-31,733 | 14,033 | 1,082 | 20,111 | 68,010 | 76,710 | |
9905 |
-31,733 | 14,033 | 1,082 | 20,111 | 68,010 | 76,710 | |
| Appropriation of the result | |||||||
9906 |
49,353 | 81,086 | 67,053 | 72,971 | 92,860 | 76,710 | |
14P |
81,086 | 67,053 | 65,971 | 52,860 | - | - | |
691/2 |
- | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | 1,860 | |
694/7 |
- | - | - | 7,000 | 40,000 | 50,000 | |
695 |
- | - | - | 7,000 | 40,000 | 50,000 | |
| Document | |||||||
The notes to these accounts have 7 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 02-07-2026.
2025 annual accounts filed 152 days after the deadline. Filed on 2 July 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00263783.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-07-2026 | 2026-00263783 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00024582 | |
| 30-06-2023 | micro format | 26-01-2024 | 2024-00013883 | |
| 30-06-2022 | micro format | 09-02-2023 | 2023-00026894 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-02000580 | |
| 30-06-2020 | micro format | 04-01-2021 | 2021-00400012 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 33,519 | 28,655 | 38,786 | 56,304 | 96,482 | 100,506 | ||
| -5,197 | 22,268 | 33,581 | 48,098 | 85,987 | 92,098 | ||
| 1,462 | 2,110 | 4,769 | 124,757 | 11,047 | 60,007 | ||
| -50,548 | 114 | 13,997 | 44,118 | -40,119 | - | ||
| 39,707 | 43,323 | 36,524 | 20,894 | 23,232 | -11,709 | ||
| 29.7% | 33.4% | 28.1% | 26.2% | 31.2% | 26.0% | ||
| 1.27 | 1.30 | 1.25 | 1.14 | 1.17 | 0.87 | ||
| 2.36 | 1.99 | 2.56 | 2.82 | 2.20 | 2.84 | ||
| -45.8% | 15.7% | 1.4% | 27.2% | 111.6% | 233.1% | ||
| -13.6% | 5.3% | 0.4% | 7.1% | 34.8% | 60.7% | ||
| 26.84 | 28.74 | 26.93 | 52.87 | - | - |
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.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,462 | €2,110 | €4,769 | €124,757 |
| €26,536 | €8,235 | €32,499 | €27,987 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 66% lower than in 2024.
Debt's share of the balance-sheet total rises from 66.6% to 70.3%. Equity and debt are lower.
MPI CONSTRUCT has no parent and no holdings in its annual accounts. IONASCU Pavel is the only director. MPI CONSTRUCT shares no director with another company.
| BROTHER TRADERS
registered office since 24-11-2021 · founded in 2021 |
turnover €14.9m (2025) 0777.666.618 |
| CCS Europe NV/SA
registered office since 27-08-2004 · founded in 2004 |
8.7 FTE (2025) 0866.940.270 |
| OMBRO
establishment since 02-10-2026 · founded in 2018 |
16 FTE (2025) 0690.581.602 |
| STEFANO IMMOBILIER
registered office since 03-12-2015 · founded in 2015 |
total assets €1.2m (2025) 0643.826.513 |
| SEERAT
registered office since 26-02-2021 · founded in 2021 |
turnover €1.0m (2025) 0764.399.590 |
| BELGIUM INVEST & CONSULTING
registered office since 03-02-2020 · founded in 2019 · accounts filed late |
total assets €930,792 (2025) 0735.583.662 |
| COSTA ISOLATION
registered office since 21-12-2018 · founded in 2018 |
total assets €829,130 (2025) 0716.760.615 |
| MCV CONSTRUCT
registered office since 05-05-2023 · founded in 2023 |
total assets €728,331 (2025) 0801.485.660 |
| TOMALEX
registered office since 04-01-2019 · founded in 2019 |
turnover €700,022 (2025) 0717.654.005 |
| SCC BOUW
establishment since 29-12-2022 · founded in 2022 |
total assets €681,379 (2025) 0795.524.615 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 7 February 2019, MPI CONSTRUCT was incorporated.1 The registered office moved to Zellik in 2021 and to Sint-Pieters-Leeuw in 2025.23 IONASCU Pavel is director of the company, appointed by deed of 11-02-2019.4 Total assets went from €126,346 in 2020 to €232,768 in 2025.5 The company was declared bankrupt on 10 March 2026.6
| Establishment | Since | Unit number |
|---|---|---|
| Bergensesteenweg 421 registered office 1600 Sint-Pieters-Leeuw | ||
| Ternatsestraat 239/1 1790 Affligem | 07-02-2019 | 2.284.989.012 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23582E0505/00E000 | 8,312 m² | 1 · 1,330 m² | 9.5 m · 3 |
| 23021B0479/00V000 | 318 m² | 1 · 134 m² | 6.4 m · 2 |
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 0719.932.911
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