MRD Construct
Annual accounts 2025
micro format, filed on 25-06-2026, 36 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €150,000 and €360,000.
Balance sheet
balance sheet total €111,683 on 31-12-2025in euro
in euro
Position in the sector
28.8%
Higher than 30% of 35,136 companies in 2025.
0.34
Lower than 95% of 34,510 companies in 2025.
19.3%
Higher than 76% of 34,711 companies in 2025.
Net result: middle half · Equity: middle half · 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 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
111,683 | 34,341 | 48,541 | |
20 |
1,121 | 1,615 | 2,110 | |
21/28 |
97,050 | 28,834 | 9,287 | |
22/27 |
97,050 | 28,834 | 9,287 | |
23 |
1,827 | 1,188 | 1,899 | |
25 |
57,927 | - | - | |
26 |
37,296 | 27,647 | 7,388 | |
29/58 |
13,512 | 3,892 | 37,145 | |
3 |
1,263 | - | - | |
30/36 |
1,263 | - | - | |
40/41 |
11,825 | 2,889 | 35,642 | |
40 |
4,123 | 676 | 29,709 | |
41 |
7,703 | 2,213 | 5,934 | |
54/58 |
0 | 594 | 1,502 | |
490/1 |
424 | 409 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
111,683 | 34,341 | 48,541 | |
10/15 |
32,145 | 10,558 | 4,275 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
29,145 | 7,558 | 1,275 | |
133 |
29,145 | 7,558 | 1,275 | |
17/49 |
79,539 | 23,783 | 44,266 | |
17 |
39,820 | - | - | |
170/4 |
39,820 | - | - | |
42/48 |
39,569 | 23,783 | 44,166 | |
42 |
9,979 | - | - | |
43 |
8,859 | - | - | |
430/8 |
8,859 | - | - | |
44 |
11,872 | 818 | 32,510 | |
440/4 |
11,872 | 818 | 32,510 | |
46 |
0 | 5,573 | - | |
45 |
8,858 | 2,524 | 642 | |
450/3 |
6,358 | 2,524 | 642 | |
454/9 |
2,500 | - | - | |
47/48 |
0 | 14,867 | 11,014 | |
492/3 |
150 | 0 | 100 | |
| Income statement | ||||
9900 |
34,953 | 10,765 | 2,898 | |
630 |
7,943 | 1,947 | 599 | |
640/8 |
728 | 623 | 202 | |
9901 |
26,282 | 8,195 | 2,098 | |
75/76B |
- | 0 | 7 | |
75 |
- | 0 | 7 | |
65/66B |
963 | 109 | 187 | |
65 |
963 | 109 | 187 | |
9903 |
25,320 | 8,086 | 1,917 | |
67/77 |
3,733 | 1,803 | 642 | |
9904 |
21,586 | 6,283 | 1,275 | |
9905 |
21,586 | 6,283 | 1,275 | |
| Appropriation of the result | ||||
9906 |
21,586 | 6,283 | 1,275 | |
691/2 |
21,586 | 6,283 | 1,275 | |
6921 |
21,586 | 6,283 | 1,275 | |
| 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 25-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 34,225 | 10,143 | 2,696 | ||
| 29,529 | 8,230 | 1,874 | ||
| 75,664 | 21,000 | 9,522 | ||
| -594 | -909 | - | ||
| -26,056 | -19,891 | -7,021 | ||
| 28.8% | 30.7% | 8.8% | ||
| 0.34 | 0.16 | 0.84 | ||
| 0.31 | 0.16 | 0.84 | ||
| 2.47 | 2.25 | 10.35 | ||
| 67.2% | 59.5% | 29.8% | ||
| 19.3% | 18.3% | 2.6% | ||
| 35.55 | 92.97 | 14.43 |
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 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €75,664 | €21,000 | €9,522 |
| €7,943 | €1,947 | €599 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MRD Construct
The operating result for 2025 is 3.2 times that of 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total rises from 69.3% to 71.2%. Equity and debt are higher.