Equity
€66,172 ▼ 43.1%
MSJ CONSTRUCT paid out €243,902 in dividends. That is 126% of the 2025 profit.
MSJ CONSTRUCT
Overview
Lifetime
4 annual accounts with figures on one time axispeak €276,517 (2025)
€276,517▲ 12×
peak €193,685 (2025)
€193,685▲ 13×
peak €116,389 (2024)
€66,172▼ 43.1%
€470,407▲ 260%
Board1 name since 2021
1 director
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €23,281 to €276,517Result from €15,096 to €193,685Dividend €243,902Equity from €116,389 to €66,172Debts from €130,592 to €470,407Investments €32,426
Key points
from the 2025 annual accountsResult
€193,685 ▲ 13×
The result rose in 2025 from €15,096 to €193,685.
Debts
€470,407 88% of the balance sheet
Financial debts 5%Suppliers 10%Taxes and wages 32%Other 53%
Of this, €448,545 falls due within a year.
Investments
€30,126 7.0 × depreciation
Green is investment, beige is depreciation.
Filings
4 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€193,685
Higher net result than 95% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,683 companies had the same profile as MSJ CONSTRUCT has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,683 companies, not a prediction for MSJ 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 check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0771471088
Incorporation
Founding capital of €2,500, 100 shares · Founder: (actionnaire fondateur) · Appointment: (director) · published on 20-07-2021 · Gazette deed
First establishment
Rue du Centre 18, Profondeville
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSJ CONSTRUCT Profondeville | €536,579 | €276,517 | 12.3% | - |
| TGV SERVICES Awans | €533,081 | €259,371 | 34.1% | - |
| DI INSIDE Charleroi | €618,188 | €266,421 | 77.3% | - |
| Grondwerken Frederick Callewaert Diksmuide | €630,502 | €263,019 | 22.0% | - |
| TERRASSEMENT LINA Courcelles | €498,221 | €317,507 | 83.4% | - |
| PERMIGANAUX Amaury Ramillies | €519,164 | €274,448 | 61.8% | 0.9 |
| GRONDWERKEN VAN HOECKE Maldegem | €450,474 | €243,798 | 68.5% | - |
These companies have the same main activity as MSJ CONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €450,000 and €631,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 16-07-2021Normal situation
- Activity
- Site preparationNACE 43120and 5 others
- Establishment unit
- 2.319.673.7375170 Profondeville, since 16-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €276,517▲ 12×
- ≈ €680,000estimated
- €193,685▲ 13×
- €66,172▼ 43.1%
- €536,579▲ 117%
- Filing
- Filed on 14-10-2026
Insights on MSJ CONSTRUCT
MSJ CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €115,591 in 2022 to €276,517 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 14-10-2026, 75 days late€276,517
▲ 12×
€270,459
▲ 13×
€193,685
▲ 13×
€50,686
▼ 52.7%
12.3%
▼ 34.8 percentage points
1.11
▼ 0.71
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 ≈ €680,000. Estimated: probably between €520,000 and €990,000.
Balance sheet
balance sheet total €536,579 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
12.3%
Higher than 16% of 37,177 companies in 2025.
1.11
Higher than 26% of 36,472 companies in 2025.
36.1%
Higher than 90% of 36,707 companies in 2025.
MSJ CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
536,579 | 246,981 | 409,120 | 358,677 | |
21/28 |
37,348 | 9,250 | 9,730 | 4,442 | |
22/27 |
37,348 | 9,250 | 9,730 | 4,442 | |
23 |
8,745 | 8,638 | 9,730 | 4,442 | |
24 |
26,303 | 613 | - | - | |
27 |
2,300 | - | - | - | |
29/58 |
499,231 | 237,731 | 399,389 | 354,235 | |
29 |
122,000 | 122,000 | 122,000 | 110,000 | |
291 |
122,000 | 122,000 | 122,000 | 110,000 | |
40/41 |
197,076 | 57,377 | 264,426 | 151,051 | |
40 |
80,596 | 5,317 | 262,922 | 149,796 | |
41 |
116,481 | 52,060 | 1,504 | 1,255 | |
54/58 |
180,154 | 58,353 | 12,964 | 93,183 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
536,579 | 246,981 | 409,120 | 358,677 | |
10/15 |
66,172 | 116,389 | 101,293 | 84,651 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
14 |
63,672 | 113,889 | 98,793 | 82,151 | |
17/49 |
470,407 | 130,592 | 307,827 | 274,026 | |
17 |
21,862 | - | - | - | |
170/4 |
21,862 | - | - | - | |
42/48 |
448,545 | 130,592 | 307,827 | 274,026 | |
42 |
5,339 | - | - | - | |
44 |
48,839 | 4,184 | 266,368 | 210,857 | |
440/4 |
48,839 | 4,184 | 266,368 | 210,857 | |
46 |
- | 62,172 | - | - | |
45 |
150,465 | 64,236 | 40,835 | 59,223 | |
450/3 |
150,465 | 64,236 | 40,835 | 59,223 | |
47/48 |
243,902 | - | 625 | 3,945 | |
| Income statement | |||||
9900 |
276,517 | 23,281 | 26,681 | 115,591 | |
630 |
4,328 | 1,389 | 1,037 | 158 | |
640/8 |
1,731 | 669 | 2,169 | 3,959 | |
9901 |
270,459 | 21,223 | 23,474 | 111,475 | |
75/76B |
48 | 1 | 1 | 28 | |
75 |
48 | 1 | 1 | 28 | |
65/66B |
2,117 | 2,031 | 143 | 98 | |
65 |
2,117 | 2,031 | 143 | 98 | |
9903 |
268,389 | 19,193 | 23,333 | 111,404 | |
67/77 |
74,705 | 4,096 | 6,691 | 29,253 | |
9904 |
193,685 | 15,096 | 16,642 | 82,151 | |
9905 |
193,685 | 15,096 | 16,642 | 82,151 | |
| Appropriation of the result | |||||
9906 |
307,574 | 113,889 | 98,793 | 82,151 | |
14P |
113,889 | 98,793 | 82,151 | - | |
694/7 |
243,902 | - | - | - | |
694 |
243,902 | - | - | - | |
| 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 14-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 75 days after the deadline. Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564799.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 274,786 | 22,612 | 24,512 | 111,633 | ||
| 198,013 | 16,485 | 17,679 | 82,309 | ||
| 30,126 | 909 | 6,326 | 4,600 | ||
| 121,801 | 45,390 | -80,220 | - | ||
| 50,686 | 107,139 | 91,562 | 80,209 | ||
| 12.3% | 47.1% | 24.8% | 23.6% | ||
| 1.11 | 1.82 | 1.30 | 1.29 | ||
| 7.11 | 1.12 | 3.04 | 3.24 | ||
| 292.7% | 13.0% | 16.4% | 97.0% | ||
| 36.1% | 6.1% | 4.1% | 22.9% | ||
| over 100 | 11.13 | over 100 | over 100 |
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 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €30,126 | €909 | €6,326 | €4,600 |
| €4,328 | €1,389 | €1,037 | €158 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MSJ CONSTRUCT
The operating result for 2025 is nearly 13 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 52.9% to 87.7%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector
since 16-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 14-10-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Tous les actes engageant la société sont va-lablement signés par chacun des administrateurs séparément. Dans le cas où il est fait usage…”deed of 20-07-2021
Mandates through the years
1 name, the dashed line is todayDirector
Board
Mandates as a list
-
- Director, from 16-07-2021 to date
Control
Founder
This company
MSJ CONSTRUCT
Equity €66,172
Profit €193,685 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €662 in 2025
- Source
- deed of 20-07-2021
Articles of association
deed of 20-07-2021 (in French)- 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.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 11:00
Founder
At incorporation
deed of 20-07-2021 ↗
- sole founder · 100% at incorporation
Network & group
No group
MSJ CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. MSJ CONSTRUCT shares no director with another company.
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 75 days late
2025
Highest result from 2022 to 2025 net €193,685 ▲1,183% The operating result of €270,459 and the net result of €193,685 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0771471088
Annual accounts 2024 filed PDFmicro format · 91 days late
2024
Annual accounts 2023 filed PDFmicro format · 78 days late
Annual accounts 2022 filed PDFmicro format · 420 days late
2023
Equity above €100,000 equity €101,293 ▲19.7% With a profit in every financial year since 2022, equity grows to €101,293.
2021
IncorporationFounding capital of €2,500, 100 shares · Founder: (actionnaire fondateur) · Appointment: (director) · published on 20-07-20214 points ▸
- Founder, (actionnaire fondateur)
- Founding capital, €2,500, 100 shares
- Director appointment,
- Registered office clause, Lesve commune de Profondeville, rue du Centre, 18/1
- The deed holds 2 more points.
First establishment Rue du Centre 18, Profondeville
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
Company details
Identity
- Enterprise number
- 0771.471.088
- VAT number
- BE 0771.471.088
- Peppol ID
- 0208:0771471088
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-07-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 11:00deed of 20-07-2021 (in French)
- Peppol
- Reachable since 17-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MSJ CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-07-2021 (in French)
Activities
NACEBEL 202543120
Site preparation main activity
46712
Wholesale trade
Codes under NACEBEL 2008
43120
Site preparation main activity
43995
Specialised construction activities
45191
46190
Wholesale trade
71121
Engineering activities
81300
Landscape service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le commerce de détail de véhicules; Appareils d’éclairage; Commerce de gros et détail d’appareil d’électroménager; De mobilier; L’entreprise…”deed of 20-07-2021 (in French)
15 activities
- Le commerce de détail de véhicules
- Appareils d’éclairage
- Commerce de gros et détail d’appareil d’électroménager
- De mobilier
- L’entreprise générale
- Les travaux de terrassement
- La préparation de chantier
- L’aménagement de jardin
- Tous travaux de construction métallique
- La menuiserie
- Le plafonnage
- La fabrication de mobilier
- La pose de porte
- La charpente
- Le ravalement de façade
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue du Centre 18 registered office 5170 Profondeville | 16-07-2021 | 2.319.673.737 |
Buildings and parcels at the address
- Ground area
- 100 m²
- Buildings
- 475 m²
- Volume, LiDAR
- 3,094 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92071D0483/02W000 | 100 m² | 1 · 475 m² | 9.3 m · 2 |
Contact
E-mail
mstravaux@outlook.com
Phone
+32 479 59 14 29
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 0771.471.088