MSD CONSTRUCT
Annual accounts 2025
micro format, filed on 21-01-2026, 10 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €15,118 on 30-06-2025Position in the sector
-61.7%
Lower than 95% of 9,471 companies in 2025.
0.56
Higher than 9% of 9,219 companies in 2025.
-81.5%
Lower than 95% of 9,291 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
15,118 | |
21/28 |
5,197 | |
22/27 |
5,167 | |
23 |
1,533 | |
24 |
3,634 | |
28 |
30 | |
29/58 |
9,921 | |
40/41 |
5,224 | |
40 |
5,224 | |
54/58 |
2,077 | |
490/1 |
2,619 | |
| Balance sheet: equity and liabilities | ||
10/49 |
15,118 | |
10/15 |
-9,327 | |
10/11 |
3,000 | |
14 |
-12,327 | |
17/49 |
24,444 | |
17 |
6,580 | |
170/4 |
6,580 | |
42/48 |
17,864 | |
42 |
5,539 | |
44 |
6,379 | |
440/4 |
6,379 | |
45 |
3,817 | |
450/3 |
1,417 | |
454/9 |
2,400 | |
47/48 |
2,129 | |
| Income statement | ||
9900 |
-5,380 | |
62 |
106 | |
630 |
1,051 | |
640/8 |
4,672 | |
9901 |
-11,209 | |
75/76B |
52 | |
75 |
52 | |
65/66B |
1,170 | |
65 |
1,170 | |
9903 |
-12,327 | |
9904 |
-12,327 | |
9905 |
-12,327 | |
| Appropriation of the result | ||
9906 |
-12,327 | |
| Document | ||
The notes to these accounts have 10 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 21-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 21-01-2026 | 2026-00013953 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -10,158 | ||
| -11,275 | ||
| 11,348 | ||
| -7,943 | ||
| -61.7% | ||
| 0.56 | ||
| -81.5% | ||
| -8.68 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Overdue debts
tax and social security| Item | 30-06-2025 |
|---|---|
| Overdue tax debts | €750 |
Source: notes to the 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €11,318 |
| Financial fixed assets | €30 |
| €1,051 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on MSD CONSTRUCT
Equity is negative. Debt (€24,444) exceeds the balance-sheet total (€15,118).