MS. CONSTRUCT
ActiveSummary
The annual accounts of MS. CONSTRUCT for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7453 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-32
Solvency31▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.83 against 0.79 in 2024; short-term debt: 77.8% of total assets), and 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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 2025Solvency, return and age of the figures
Solvency
5.7%
Return on assets
-7.6%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7453 sector peers (2025).
NBB · sector comparisonPosition among 7453 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
13 d late
2022
18 d late
2021
4 d early
2020
20 d late
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 57.1%
2024 · €5k
2019: €10k
2020: €-3k
2021: €-14k
2022: €-9k
2023: €-5k
2024: €5k
2019 → 2025
Total assets
€36k▼ 32.6%
2024 · €53k
2019: €78k
2020: €86k
2021: €61k
2022: €68k
2023: €56k
2024: €53k
2019 → 2025
Net result
€-3k
2024 · €9k
2019: €9k
2020: €-13k
2021: €-10k
2022: €5k
2023: €5k
2024: €9k
2019 → 2025
Working capital
€-5k▲ 43.6%
2024 · €-8k
2019: €-9k
2020: €-20k
2021: €-23k
2022: €-17k
2023: €-16k
2024: €-8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€-9k▲ 32.8%€-5k▲ 49.7%€5k€2k▼ 57.1%
Operating result€-9k-€5k€6k▲ 7.7%€11k▲ 86.1%€-2k
Net result€-10k-€5k€5k▲ 2.0%€9k▲ 105%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€13k ▼ 39.4%
Current assets
€23k ▼ 28.1%
Equity and liabilities €36k
Equity
€2k ▼ 57.1%
Debt
€34k ▼ 30.1%
Debt's share of the balance-sheet total rises from 91.0% to 94.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €20k
Cash flow
€6k▼
2024 · €18k
Current ratio
0.83▲
2024 · 0.79
Quick ratio
0.62▼
2024 · 0.77
Debt to equity
16.40▲
2024 · 10.07
ROE
-133.0%▼
2024 · 197.7%
ROA
-7.6%▼
2024 · 17.9%
Interest coverage
11.54▼
2024 · 22.87
Debt ≤ 1 year
€28k▼
2024 · €41k
Debt > 1 year
€6k▼
2024 · €8k
Income taxes
€293▼
2024 · €303
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€53k€36k▼
Fixed assets21/28€21k€13k▼
Tangible fixed assets22/27€21k€13k▼
Plant, machinery and equipment23€5k€4k▼
Leasing and similar rights25€16k€9k▼
Current assets29/58€32k€23k▼
Stocks and contracts in progress3€1k€6k▲
Stocks30/36€1k€6k▲
Amounts receivable within one year40/41€26k€9k▼
Trade receivables40€23k€6k▼
Other amounts receivable41€3k€4k▲
Current investments50/53-€8k
Cash at bank and in hand54/58€5k-
Deferred charges and accrued income490/1€397€348▼
Equity and liabilities
Total equity and liabilities10/49€53k€36k▼
Equity10/15€5k€2k▼
Contributions10/11€12k€12k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-9k€-11k▼
Amounts payable17/49€48k€34k▼
Amounts payable after more than one year17€8k€6k▼
Financial debts170/4€8k€6k▼
Amounts payable within one year42/48€41k€28k▼
Current portion of amounts payable after more than one year42€7k€2k▼
Trade debts44€10k€5k▼
Suppliers440/4€10k€5k▼
Taxes, remuneration and social security45€3k€531▼
Taxes450/3€497-
Remuneration and social security454/9€3k€531▼
Other amounts payable47/48€21k€20k▼
Accrued charges and deferred income492/3€48€49▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€126
Gross operating margin9900€21k€8k▼
Operating profit (loss)9901€11k€-2k▼
Financial income75/76B€20€18▼
Recurring financial income75€20€18▼
Financial charges65/66B€859€550▼
Recurring financial charges65€859€550▼
Profit (loss) for the period before taxes9903€10k€-2k▼
Income taxes67/77€303€293▼
Profit (loss) for the period9904€9k€-3k▼
Profit (loss) for the period to be appropriated9905€9k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-11k▼
Profit (loss) brought forward from the previous period14P€-18k€-9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €9k ▲105%
Operating result €11k, net result €9k, both a record.
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
31-03
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
31-03
Financial
Weakest financial yearnet €-13k ▼248%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 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, Sambreville · 1 establishment unit since 2002
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.
Rue Surmont(AUV) 775060 SambrevilleGround area
2,687 m²
Building footprint
157 m²
Volume, LiDAR
719 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MS.CONSTRUCT
since 20022.094.662.342
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92068E0533/00X000 | Wallonia | 1,757 m² | 1 · 157 m² | 7.3 m · 2 fl. |
| 92007B0089/00E024 | Wallonia | 930 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
VERLIBO
BE 0754.740.568
Aartselaar · Eq €2,056
BOUWBEDRIJF DIRKX GUIDO
BE 0829.867.266
Maasmechelen · Eq €2,063
UTP
BE 0673.934.224
Nazareth-De Pinte · Eq €2,050
RINOVO+
BE 0778.966.814
Antwerpen · Eq €2,050
IMPERIAL GROUP
BE 1004.661.167
Vilvoorde · Eq €2,045
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 3,448 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
Founded13-03-2002
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43910Bricklaying and masonry work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.