Turnover
≈ €210,000 estimated
The micro format states no turnover.
MRD Construct
Overview
Lifetime
3 annual accounts with figures on one time axispeak €34,953 (2025)
€34,953▲ 225%
peak €21,586 (2025)
€21,586▲ 244%
peak €32,145 (2025)
€32,145▲ 204%
€79,539▲ 234%
Board1 name since 2023
1 directorPeeters,Marlon Carolus Martha
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Gross margin from €10,765 to €34,953Result from €6,283 to €21,586Equity from €10,558 to €32,145Debts from €23,783 to €79,539Investments €76,159Cash from €594 to €0
Key points
from the 2025 annual accountsDebts
€79,539 ▲ 234%
Debts rose by €55,756 in 2025.
Investments
€75,664 9.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 53.9% higher than in 2024.
Checked score
51
Fair
Financially stronger than 57% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.8%▼ -0.1 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 2.9%▲ +0.1 percentage points vs 02-2025
04-2025: 3.1%▲ +0.2 percentage points vs 03-2025
05-2025: 3.2%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 2.6%▼ -0.6 percentage points vs 05-2025
07-2025: 2.6%● unchanged vs 06-2025
08-2025: 2.6%● unchanged vs 07-2025
09-2025: 2.6%● unchanged vs 08-2025
10-2025: 2.6%● unchanged vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.5%▼ -0.1 percentage points vs 11-2025
01-2026: 2.3%▼ -0.2 percentage points vs 12-2025lowest value
02-2026: 2.3%● unchanged vs 01-2026lowest value
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%▲ +0.1 percentage points vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 3.2%▲ +0.7 percentage points vs 06-2026
08-2026: 3.2%● unchanged vs 07-2026
09-2026: 3.2%● unchanged vs 08-2026
10-2026: 3.2%● unchanged vs 09-2026
11-2026: 3.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 0.34, cash €0, halved
Sector: Specialised construction activities (NACE 43)
Size: total assets €111,683
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 43, micro). It does better than 30% of them on solvency, 22% on liquidity, 79% on profitability and 96% 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 moderate class on 30-06-2025, 2.4% 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 MRD Construct 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 MRD Construct itself: 3.2% 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 MRD Construct. 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
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.34 (0.16 in 2024), below 1. Short-term debt is 35.4% and cash 0% of total assets. 71.2% 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
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
36 days early
2024
87 days early
2023
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 48 days before 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.
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. The company usually files around 25 June (3 of the last 3 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Incorporation
Founding capital of €3,000 · Founder: Peeters, Marlon Carolus Martha · Appointment: Peeters, Marlon Carolus Martha (director) · published on 07-04-2023 · Gazette deed
First establishment
Steenweg op Zevendonk 257, Turnhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MRD Construct Turnhout | €111,683 | €34,953 | 28.8% | - |
| G.I. JOBS Wijnegem | €110,807 | €36,906 | 64.2% | - |
| PRO-finish Merksplas | €122,435 | €41,916 | 83.0% | 0 |
| D²Design Geel | €95,072 | €35,268 | 36.2% | - |
| Stal de Kaaibeek Westerlo | €115,027 | €32,805 | 45.9% | - |
| BLOCK Constructions Hemiksem | €97,867 | €32,013 | 73.2% | - |
| WOOD 95 Incourt | €116,828 | €33,984 | 46.8% | - |
These companies have the same main activity as MRD Construct: joinery installation (NACE 43320). They are comparable in size and age: total assets between €95,100 and €122,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 05-04-2023Normal situation
- Activity
- Joinery installationNACE 43320and 3 others
- Establishment unit
- 2.343.916.9082300 Turnhout, since 05-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €34,953▲ 225%
- €21,586▲ 244%
- €32,145▲ 204%
- €111,683▲ 225%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on MRD Construct
MRD Construct files the micro format. That format states no turnover. The gross margin rose from €2,898 in 2023 to €34,953 in 2025.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-06-2026, 36 days before the deadline€34,953
▲ 225%
€26,282
▲ 221%
€21,586
▲ 244%
-€26,056
▼ €6,165
28.8%
▼ 2.0 percentage points
0.34
▲ 0.18
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 ≈ €210,000. Estimated: probably between €150,000 and €360,000.
Balance sheet
balance sheet total €111,683 on 31-12-2025What the company ownsHow it is paid for
in 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.
MRD Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
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.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 04-04-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 25-06-2026
Mandates through the years
1 name, the dashed line is todayPeeters,Marlon Carolus Martha
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Peeters,Marlon Carolus Martha
- Director (not named in the articles), from 04-04-2023 to date
Control
Founder
This company
MRD Construct
Equity €32,145
Profit €21,586 in 2025
Capital
- Contribution
- €3,000
- Source
- deed of 07-04-2023
Articles of association
deed of 07-04-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Al dan niet bezoldigd, voorzitter of bij afwezigheid lid aangeduid bij gewone meerderheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Geen beroep op rechter open tegen weigering, kandidaat-overdrager en zich verzettende aandeelhouders ieder voor de helft”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 16:00
Shareholders
At incorporation
deed of 07-04-2023 ↗
Network & group
No group
MRD Construct has no parent and no holdings in its annual accounts. Peeters,Marlon Carolus Martha is the only director. MRD Construct shares no director with another company.
At the same address
Steenweg op Zevendonk 257, 2300 Turnhout · 1 other company| ST. AGNETENDAL
establishment since 02-12-1988 |
founded in 1988 0435.748.645 |
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 36 days before the deadline
2025
Highest result from 2023 to 2025 net €21,586 ▲244% The operating result of €26,282 and the net result of €21,586 are both a record.
Annual accounts 2024 filed PDFmicro format · 87 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 21 days before the deadline
2023
IncorporationFounding capital of €3,000 · Founder: Peeters, Marlon Carolus Martha · Appointment: Peeters, Marlon Carolus Martha (director) · published on 07-04-20234 points ▸
- Founder, Peeters, Marlon Carolus Martha
- Founding capital, €3,000
- Registered office clause, Steenweg op Zevendonk 257, 2300 Turnhout
- Director appointment, Peeters, Marlon Carolus Martha (director (not named in the articles))
- The deed holds 1 more point.
First establishment Steenweg op Zevendonk 257, Turnhout
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 5 April 2023, MRD Construct was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 Peeters,Marlon Carolus Martha has served as director since 2023.3 Total assets went from €48,541 in 2023 to €111,683 in 2025.4
Company details
Identity
- Enterprise number
- 0800.436.476
- VAT number
- BE 0800.436.476
- Peppol ID
- 0208:0800436476
- Other Peppol ID
- 9925:BE0800436476
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-04-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 16:00deed of 07-04-2023 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MRD Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-04-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-04-2023 (in Dutch)
Activities
NACEBEL 202543320
Joinery installation main activity
31001
Manufacture of furniture
Codes under NACEBEL 2008
43320
Joinery installation main activity
16230
Manufacture of other builders' carpentry and joinery
31010
Manufacture of furniture
31091
Manufacture of furniture
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Kleinhandel en groothandel in producten van timmer- en schrijnwerk,inbegrepen levering en plaatsing van glaswerk,metalen…”deed of 07-04-2023 (in Dutch)
45 activities
- Kleinhandel en groothandel in producten van timmer- en schrijnwerk,inbegrepen levering en plaatsing van glaswerk,metalen schrijnwerken,isolatiewerken,arduin- en marmerwerken,rolluiken,zonnewering en vliegenramen;
- Zagen en schaven van hout;
- Elektronische installatiewerken aan gebouwen;
- Installatie van elektrische bedrading en toebehoren;
- Installatie van de bedrading voor telefooninstallaties en computersystemen;
- Installatie van elektrische verwarmingsinstallaties;
- Isolatiewerkzaamheden;
- Installatie van liften en roltrappen;
- Stukadoorswerken;
- Chapewerken;
- Schrijnwerken;
- Montage van buiten- en binnenschrijnwerk van hout of van kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.;
- Montage van serres,veranda’s,enz.in hout of kunststof;
- Montage van buiten- en binnenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.;
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.in metaal;
- Montage van buiten- en binnenschrijnwerk van kuststof;
- Installatie van binnendeuren,scheidingswanden enz.van glas;
- Plaatsen van tussenwanden van gipsplaten;
- Plaatsen van vloer- en wandtegels;
- Klinkerwerken;
- Aanbrengen in gebouwen van vloer- of wandtegels van keramische stoffen,beton of gehouwen steen,vloerbedekking en wandbekleding van terrazzo marmer,graniet of lei,enz.;
- Plaatsen van vloerbedekking en wandbekleding van hout;
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen;
- Onderneming voor het monteren van niet-zelf vervaardigde metalen constructies;
- Onderneming voor het uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden;
- Onderneming voor het optrekken en afbreken van steigers en werkplatforms;
- Ruimen van bouwterreinen;
- Renovatiewerken in de meest ruime zin van het woord;
- Schilderen van gebouwen;
- Overige werkzaamheden in verband met de afwerking van gebouwen;
- Behandelen van muren met vochtwerende en waterafstotende producten;
- Algemene reiniging van gebouwen;
- Gevelreiniging;
- Gevelreiniging door middel van zandstralen,met behulp van stoom enz.;
- Onderneming voor het uitvoeren van voegwerken;
- Onderneming voor het bouwen van funderingen,inclusief heien;
- Het fabriceren,aan- en verkopen in het groot en in het klein,invoer en uitvoer van houten,kunststof en aluminium ramen en deuren;
- Het fabriceren,aan- en verkopen in het groot en in het klein,invoer en uitvoer van rolluiken,roldeuren,metalen deuren,ramen en poorten en alle toebehoren alle binnenhuisinrichting van private,handels en industriële gebouwen bekleding van muren en plafonds in alle materialen;
- Het fabriceren,aan- en verkopen in het groot en in het klein,invoer en uitvoer van alle meubilair in de meest ruime zin alle leveringen in hout,kunststof en alle andere producten die ter vervanging van hout kunnen worden aangewend,evenals alle leveringen van alle producten en grondstoffen van voormelde elementen;
- Algemene coördinatiewerkzaamheden van een bouwwerf;
- Grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven;
- Bouwrijp maken van terreinen;
- Slopen van gebouwen en andere bouwwerken;
- Verlaging van het grondwaterpeil en drainage van bouwterreinen;
- Drainage van land- en bosbouwgrond;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Steenweg op Zevendonk 257 registered office 2300 Turnhout | 05-04-2023 | 2.343.916.908 |
Buildings and parcels at the address
- Ground area
- 225 m²
- Buildings
- 457 m²
- Volume, LiDAR
- 2,352 m³
- Tallest building
- 9.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13452N1313/00Y003 | 224 m² | 1 · 457 m² | 9.6 m · 2 |
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 0800.436.476