Mth Construct
ActiveThe computed 12-month bankruptcy probability of Mth Construct is 3.0% (moderate). The 2025 annual accounts show equity of €52k and a net result of €-59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-58
Solvency49▼-1
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.68 against 0.72 in 2024; short-term debt: 41.2% and cash: 1.4% of total assets), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
24.4%
Return on assets
-27.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
7 d late
2024
1 d early
2023
13 d late
2022
52 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 57.6%
2024 · €123k
2022: €56k
2023: €120k
2024: €123k
2022 → 2025
Total assets
€215k▼ 56.1%
2024 · €489k
2022: €308k
2023: €511k
2024: €489k
2022 → 2025
Net result
€-59k
2024 · €3k
2022: €50k
2023: €64k
2024: €3k
2022 → 2025
Working capital
€-29k▲ 35.6%
2024 · €-45k
2022: €-52k
2023: €-8k
2024: €-45k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€56k-€120k▲ 113%€123k▲ 2.7%€52k▼ 57.6%
Operating result€60k-€82k▲ 35.8%€15k▼ 81.8%€-49k
Net result€50k-€64k▲ 26.8%€3k▼ 95.0%€-59k
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 €49k after €15k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€155k▼ 58.8%
Current assets
€60k▼ 47.1%
Equity and liabilities €215k
Equity
€52k▼ 57.6%
Debt
€162k▼ 55.6%
The debt ratio rises from 74.8% to 75.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14k▼
2024 · €100k
Cash flow
€4k▼
2024 · €88k
Solvency
24.4%▼
2024 · 25.2%
Current ratio
0.68▼
2024 · 0.72
Quick ratio
0.68▼
2024 · 0.72
Debt / equity
3.10▲
2024 · 2.96
ROE
-113.1%▼
2024 · 2.6%
ROA
-27.6%▼
2024 · 0.7%
Interest coverage
1.40▼
2024 · 8.40
Debt
€162k▼
2024 · €366k
Debt ≤ 1 year
€88k▼
2024 · €158k
Debt > 1 year
€74k▼
2024 · €208k
Income taxes
€38▼
2024 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€489k€215k▼
Fixed assets21/28€376k€155k▼
Tangible fixed assets22/27€376k€155k▼
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€225k€142k▼
Leasing and similar rights25€145k€7k▼
Financial fixed assets28-€270
Current assets29/58€113k€60k▼
Amounts receivable within one year40/41€69k€46k▼
Trade receivables40€40k€41k▲
Other amounts receivable41€29k€5k▼
Cash at bank and in hand54/58€39k€3k▼
Deferred charges and accrued income490/1€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€489k€215k▼
Equity10/15€123k€52k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€117k€46k▼
Amounts payable17/49€366k€162k▼
Amounts payable after more than one year17€208k€74k▼
Financial debts170/4€208k€74k▼
Amounts payable within one year42/48€158k€88k▼
Current portion of amounts payable after more than one year42€102k€60k▼
Financial debts43€14k€555▼
Credit institutions430/8€14k€555▼
Trade debts44€33k€28k▼
Suppliers440/4€33k€28k▼
Taxes, remuneration and social security45€7k-
Taxes450/3€5k-
Remuneration and social security454/9€3k-
Other amounts payable47/48€215€428▲
Accrued charges and deferred income492/3€188-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€64k▼
Other operating charges640/8€1k€51k▲
Gross operating margin9900€101k€65k▼
Operating profit (loss)9901€15k€-49k▼
Financial income75/76B€384€185▼
Recurring financial income75€384€185▼
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€3k€-59k▼
Income taxes67/77€164€38▼
Profit (loss) for the period9904€3k€-59k▼
Profit (loss) for the period to be appropriated9905€3k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€117k€58k▼
Profit (loss) brought forward from the previous period14P€114k€117k▲
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (10 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
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-59k ▼1943%
Net result drops to €-59k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Highest result since 2022net €64k ▲26.8%
Operating result €82k, net result €64k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲113%
2 profitable years in a row build equity to €120k.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sombreffe · 1 establishment unit since 2021
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 des Communes 135140 SombreffeGround area
2,696 m²
Building footprint
107 m²
Parcel 92114A0007/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mth Construct
since 20212.323.188.602
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92114A0007/00H000 | Wallonia | 2,696 m² | 1 · 107 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesMth Construct SRL42272
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2021
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:mathieu.derijcke@hotmail.be