MPP Construct
ActiveSummary
The computed 12-month bankruptcy probability of MPP Construct is 4.2% (elevated). The 2024 annual accounts show equity of €40k and a net result of €15k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+71
Solvency64▲+14
Growth35▲+13
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 1.65 against 1.34 in 2023; short-term debt: 60.5% and cash: 35.7% of total assets), but 60.5% 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
39.5%
Return on assets
14.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€545k▲ 24.0%
2023 · €440k
2021: €1.67M
2022: €835k
2023: €440k
2021 → 2024
EBIT margin
3.9%▲ 2.8pp
2023 · 1.1%
2021: 15.8%
2022: 0.8%
2023: 1.1%
2021 → 2024
Net result
€15k
2023 · €-14k
2020: €122k
2021: €203k
2022: €4k
2023: €-14k
2020 → 2024
Working capital
€40k▲ 58.2%
2023 · €25k
2020: €31k
2021: €35k
2022: €39k
2023: €25k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.67M€835k▼ 50.1%€440k▼ 47.3%€545k▲ 24.0%
Equity€32k-€35k▲ 9.5%€39k▲ 10.2%€25k▼ 35.3%€40k▲ 57.9%
Operating result€170k-€264k▲ 55.9%€6k▼ 97.6%€5k▼ 23.4%€21k▲ 339%
Net result€122k-€203k▲ 65.9%€4k▼ 98.2%€-14k€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 339% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101k
Fixed assets
€122 =
Current assets
€101k ▲ 1.3%
Equity and liabilities €101k
Equity
€40k ▲ 57.9%
Debt
€61k ▼ 17.9%
Debt's share of the balance-sheet total falls from 74.7% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.65▲
2023 · 1.34
Debt to equity
1.53▼
2023 · 2.95
ROE
36.7%▲
2023 · -54.2%
ROA
14.5%▲
2023 · -13.7%
Debt ≤ 1 year
€61k▼
2023 · €75k
Income taxes
€5k▼
2023 · €15k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€100k€101k▲
Fixed assets21/28€122€122=
Financial fixed assets28€122€122=
Current assets29/58€100k€101k▲
Amounts receivable within one year40/41€79k€65k▼
Trade receivables40€62k€45k▼
Other amounts receivable41€17k€20k▲
Cash at bank and in hand54/58€21k€36k▲
Equity and liabilities
Total equity and liabilities10/49€100k€101k▲
Equity10/15€25k€40k▲
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Profit (loss) carried forward14€15k€30k▲
Amounts payable17/49€75k€61k▼
Amounts payable within one year42/48€75k€61k▼
Financial debts43€20k-
Credit institutions430/8€20k-
Trade debts44€36k€26k▼
Suppliers440/4€36k€26k▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€14k€29k▲
Income statement
Code20232024
Turnover70€440k€545k▲
Goods, raw materials, services and sundry goods60/61€437k€526k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€7k€23k▲
Operating profit (loss)9901€5k€21k▲
Financial income75/76B€640€1k▲
Recurring financial income75€640€1k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€1k€20k▲
Income taxes67/77€15k€5k▼
Profit (loss) for the period9904€-14k€15k▲
Profit (loss) for the period to be appropriated9905€-14k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€30k▲
Profit (loss) brought forward from the previous period14P€29k€15k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼480%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €203k ▲65.9%
Operating result €264k, net result €203k, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Victor Rauterstraat 2321070 AnderlechtGround area
72 m²
Building footprint
72 m²
Volume, LiDAR
871 m³
Parcel 21308H0517/00M006, Brussels · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MPP Construct
since 20192.299.664.419
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0517/00M006 | Brussels | 72 m² | 1 · 72 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
COREL CONSTRUCTION
BE 1000.502.144
Kraainem · Eq €39,918
RD ENTREPRISE
BE 0664.590.550
Sint-Genesius-Rode · Eq €39,976
JOHAN GRUWE
BE 0473.383.061
Herzele · Eq €39,874
P. Bicher-Klusjesdienst Vlaams Brabant
BE 0805.447.319
Aarschot · Eq €39,993
Sam In The Sea
BE 1007.046.872
Beveren-Kruibeke-Zwijndrecht · Eq €39,854
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,942 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:mppconstruct@gmail.com
Phone:0474/231112