MSJ CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MSJ CONSTRUCT is 2.7% (moderate). The 2024 annual accounts show equity of €116k and a net result of €15k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+2
Solvency72▲+22
Growth52=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 1.3 in 2023; short-term debt: 52.9% and cash: 23.6% of total assets), but 52.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
78 d late
2022
420 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€116k▲ 14.9%
2023 · €101k
2022: €85k
2023: €101k
2022 → 2024
Total assets
€247k▼ 39.6%
2023 · €409k
2022: €359k
2023: €409k
2022 → 2024
Net result
€15k▼ 9.3%
2023 · €17k
2022: €82k
2023: €17k
2022 → 2024
Working capital
€107k▲ 17.0%
2023 · €92k
2022: €80k
2023: €92k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€85k-€101k▲ 19.7%€116k▲ 14.9%
Operating result€111k-€23k▼ 78.9%€21k▼ 9.6%
Net result€82k-€17k▼ 79.7%€15k▼ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 10% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €247k
Fixed assets
€9k ▼ 4.9%
Current assets
€238k ▼ 40.5%
Equity and liabilities €247k
Equity
€116k ▲ 14.9%
Debt
€131k ▼ 57.6%
Debt's share of the balance-sheet total falls from 75.2% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2023 · €25k
Cash flow
€16k▼
2023 · €18k
Current ratio
1.82▲
2023 · 1.30
Debt to equity
1.12▼
2023 · 3.04
ROE
13.0%▼
2023 · 16.4%
ROA
6.1%▲
2023 · 4.1%
Interest coverage
11.13▼
2023 · 171.60
Debt ≤ 1 year
€131k▼
2023 · €308k
Income taxes
€4k▼
2023 · €7k
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€409k€247k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€10k€9k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24-€613
Current assets29/58€399k€238k▼
Amounts receivable after more than one year29€122k€122k=
Other amounts receivable291€122k€122k=
Amounts receivable within one year40/41€264k€57k▼
Trade receivables40€263k€5k▼
Other amounts receivable41€2k€52k▲
Cash at bank and in hand54/58€13k€58k▲
Equity and liabilities
Total equity and liabilities10/49€409k€247k▼
Equity10/15€101k€116k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€99k€114k▲
Amounts payable17/49€308k€131k▼
Amounts payable within one year42/48€308k€131k▼
Trade debts44€266k€4k▼
Suppliers440/4€266k€4k▼
Advances received on contracts in progress46-€62k
Taxes, remuneration and social security45€41k€64k▲
Taxes450/3€41k€64k▲
Other amounts payable47/48€625-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€669▼
Gross operating margin9900€27k€23k▼
Operating profit (loss)9901€23k€21k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€143€2k▲
Recurring financial charges65€143€2k▲
Profit (loss) for the period before taxes9903€23k€19k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€17k€15k▼
Profit (loss) for the period to be appropriated9905€17k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€114k▲
Profit (loss) brought forward from the previous period14P€82k€99k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet €15k ▼9.3%
Net result drops to €15k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 420 days late
2023
31-12
Financial
Equity above €100kEq €101k ▲19.7%
2 profitable years in a row build equity to €101k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Profondeville · 1 establishment unit since 2021
Ground area
100 m²
Building footprint
475 m²
Volume, LiDAR
3,094 m³
Parcel 92071D0483/02W000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MSJ CONSTRUCT
since 20212.319.673.737
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92071D0483/02W000 | Wallonia | 100 m² | 1 · 475 m² | 9.3 m · 2 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.
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BE 1003.869.529
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Aray Group
BE 1001.194.705
Houthalen-Helchteren · Eq €115,984
Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,652 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
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43990Other specialised construction activities
46712Wholesale trade
46190Agents in non-specialised wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:mstravaux@outlook.com
Phone:+32479591429