Equity
€52,357 ▼ 57.6%
Mth Construct paid out €11,765 in dividends in a year with a loss of €59,234.
Mth Construct
Overview
Lifetime
4 annual accounts with figures on one time axispeak €145,896 (2023)
€65,106▼ 35.6%
lowest -€59,234 (2025)
-€59,234▼ €62,448
peak €123,356 (2024)
€52,357▼ 57.6%
€162,215▼ 55.6%
Board1 name since 2021
1 directorDERIJCKE Mathieu André
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Gross margin from €101,130 to €65,106Loss of €59,234Dividend €11,765Equity from €123,356 to €52,357Debts from €365,637 to €162,215Cash from €39,168 to €2,962
Key points
from the 2025 annual accountsResult
-€59,234 -€59,234
From profit to loss in 2025, after a profit of €3,213 in 2024.
Turnover
≈ €270,000 estimated
The micro format states no turnover.
Debts
€162,215 76% of the balance sheet
Financial debts 46%Suppliers 17%Other 37%
Of this, €88,458 falls due within a year.
Filings
4 annual accounts 2 late
The 2023 accounts came latest: 13 days after the end of the period.
Position in the sector
-€59,234
Lower net result than 95% of companies in specialised construction. Sector median €10,189 · 35,107 companies.
Checked score
51
Fair
Financially stronger than 17% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%▼ -0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.6%▼ -0.1 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025lowest value
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.4 percentage points vs 07-2026
09-2026: 2.1%▲ +0.8 percentage points vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2021
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 0.68, cash €2,962, halved
Loss of €59,234 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 26% of them on solvency, 20% on liquidity, 12% on profitability and 8% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,133 companies had the same profile as Mth Construct has now. Each dot stands for 3 companies, two years later.
86.4%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Mth Construct itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,133 companies, not a prediction for Mth 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 of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.72 in 2024), below 1. Short-term debt is 41.2% and cash 1.4% of total assets. 75.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 7 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
7 days late
2024
1 day early
2023
13 days late
2022
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MOUTHOY Julie Renée Françoise Marie 50 sharesdeed of 15-10-2021
- DERIJCKE Mathieu André 50 sharesdeed of 15-10-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0775711176
Incorporation
Founding capital of €6,000, 100 shares · Founders: MOUTHOY Julie Renée Françoise Marie and DERIJCKE Mathieu André · Appointment: DERIJCKE Mathieu André (director) · published on 15-10-2021 · Gazette deed
First establishment
Rue des Communes 13, Sombreffe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mth Construct Sombreffe | €214,572 | €65,106 | 24.4% | - |
| KOYE Hasselt | €195,179 | €69,946 | 30.4% | - |
| Component + Mol | €234,394 | €57,193 | 27.7% | - |
| DECKERS GRONDWERKEN Hechtel-Eksel | €244,010 | €65,235 | 46.6% | - |
| VanHecke@Work Hamme (Vl.) | €194,203 | €72,071 | 33.0% | - |
| DELY PROTEK Tournai | €197,991 | €76,531 | 1.3% | - |
| Callewaert Mathijs Diksmuide | €183,860 | €61,588 | 2.7% | - |
These companies have the same main activity as Mth Construct: site preparation (NACE 43120). They are comparable in size and age: total assets between €184,000 and €244,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 13-10-2021Normal situation
- Activity
- Site preparationNACE 43120
- Establishment unit
- 2.323.188.6025140 Sombreffe, since 13-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €65,106▼ 35.6%
- €59,234
- €52,357▼ 57.6%
- €214,572▼ 56.1%
- Filing
- Filed on 07-08-2026
Insights on Mth Construct
Mth Construct files the micro format. That format states no turnover. The gross margin fell from €110,777 in 2022 to €65,106 in 2025.
The balance sheet grew most in 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 07-08-2026, 7 days late€65,106
▼ 35.6%
-€49,072
▼ €63,958
-€59,234
▼ €62,448
-€28,692
▲ €15,858
24.4%
▼ 0.8 percentage points
0.68
▼ 0.04
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 ≈ €270,000. Estimated: probably between €190,000 and €470,000.
Balance sheet
balance sheet total €214,572 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
24.4%
Higher than 26% of 35,119 companies in 2025.
0.68
Higher than 11% of 34,493 companies in 2025.
-27.6%
Higher than 6% of 34,694 companies in 2025.
Mth Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
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 |
214,572 | 488,994 | 511,361 | 307,537 | |
21/28 |
154,806 | 375,911 | 356,946 | 243,578 | |
22/27 |
154,536 | 375,911 | 356,811 | 243,578 | |
23 |
5,543 | 5,895 | 24,933 | 10,021 | |
24 |
141,525 | 225,126 | 140,040 | 171,749 | |
25 |
7,467 | 144,890 | 191,838 | 61,808 | |
28 |
270 | - | 135 | - | |
29/58 |
59,766 | 113,083 | 154,415 | 63,959 | |
40/41 |
46,040 | 69,212 | 87,524 | 39,348 | |
40 |
40,784 | 40,257 | 70,473 | 26,068 | |
41 |
5,256 | 28,955 | 17,051 | 13,281 | |
54/58 |
2,962 | 39,168 | 62,764 | 21,268 | |
490/1 |
10,765 | 4,703 | 4,126 | 3,343 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
214,572 | 488,994 | 511,361 | 307,537 | |
10/15 |
52,357 | 123,356 | 120,143 | 56,322 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | |
14 |
46,357 | 117,356 | 114,143 | 50,322 | |
17/49 |
162,215 | 365,637 | 391,218 | 251,215 | |
17 |
73,757 | 207,816 | 210,909 | 134,284 | |
170/4 |
73,757 | 207,816 | 210,909 | 134,284 | |
42/48 |
88,458 | 157,633 | 162,429 | 116,432 | |
42 |
59,536 | 102,457 | 93,197 | 54,392 | |
43 |
555 | 14,138 | 7 | - | |
430/8 |
555 | 14,138 | 7 | - | |
44 |
27,938 | 33,398 | 61,965 | 50,798 | |
440/4 |
27,938 | 33,398 | 61,965 | 50,798 | |
45 |
- | 7,425 | 7,261 | 4,400 | |
450/3 |
- | 4,925 | 4,761 | 1,900 | |
454/9 |
- | 2,500 | 2,500 | 2,500 | |
47/48 |
428 | 215 | - | 6,842 | |
492/3 |
- | 188 | 17,880 | 500 | |
| Income statement | |||||
9900 |
65,106 | 101,130 | 145,896 | 110,777 | |
630 |
63,523 | 85,044 | 63,105 | 49,748 | |
640/8 |
50,655 | 1,200 | 844 | 695 | |
9901 |
-49,072 | 14,886 | 81,948 | 60,334 | |
75/76B |
185 | 384 | 176 | 0 | |
75 |
185 | 384 | 176 | 0 | |
65/66B |
10,309 | 11,892 | 5,541 | 3,112 | |
65 |
10,309 | 11,892 | 5,541 | 3,112 | |
9903 |
-59,196 | 3,378 | 76,582 | 57,222 | |
67/77 |
38 | 164 | 12,761 | 6,900 | |
9904 |
-59,234 | 3,213 | 63,821 | 50,322 | |
9905 |
-59,234 | 3,213 | 63,821 | 50,322 | |
| Appropriation of the result | |||||
9906 |
58,122 | 117,356 | 114,143 | 50,322 | |
14P |
117,356 | 114,143 | 50,322 | - | |
694/7 |
11,765 | - | - | - | |
694 |
11,765 | - | - | - | |
| 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 07-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 7 days after the deadline. Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387713.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 14,451 | 99,930 | 145,052 | 110,082 | ||
| 4,289 | 88,257 | 126,926 | 100,070 | ||
| 6,233 | 107,207 | 186,508 | 296,499 | ||
| -36,206 | -23,595 | 41,496 | - | ||
| -28,692 | -44,550 | -8,014 | -52,473 | ||
| 24.4% | 25.2% | 23.5% | 18.3% | ||
| 0.68 | 0.72 | 0.95 | 0.55 | ||
| 3.10 | 2.96 | 3.26 | 4.46 | ||
| -113.1% | 2.6% | 53.1% | 89.3% | ||
| -27.6% | 0.7% | 12.5% | 16.4% | ||
| 1.40 | 8.40 | 26.18 | 35.37 |
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 | €5,963 | €107,207 | €186,373 | €296,499 |
| Financial fixed assets | €270 | - | €135 | - |
| €63,523 | €85,044 | €63,105 | €49,748 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Mth Construct
The operating result for 2025 is a loss of €49,072, after a profit of €14,886 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 74.8% to 75.6%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 15-10-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 07-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 15-10-2021
Mandates through the years
1 name, the dashed line is todayDERIJCKE Mathieu André
Director
Director
Board
Mandates as a list
- DERIJCKE Mathieu André
- Director, appointed by deed of 15-10-2021, still in office
Control
Founders
MOUTHOY Julie Renée Françoise Marie, DERIJCKE Mathieu André
This company
Mth Construct
Equity €52,357
Loss €59,234 in 2025
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €524 in 2025
- Source
- deed of 15-10-2021
Articles of association
deed of 15-10-2021 (in French)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 18:00
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “État résumant situation active et passive arrêté à date ne remontant pas à plus de trois mois joint au rapport, commissaire…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Mise fin aux pouvoirs de l’organe d’administration, si état article 2:71,§2,alinéa 2 montre que tous créanciers ne pourront pas être…”
Shareholders
At incorporation
deed of 15-10-2021 ↗
- MOUTHOY Julie Renée Françoise Marie 50 shares (50%)
- DERIJCKE Mathieu André 50 shares (50%)
Network & group
No group
Mth Construct has no parent and no holdings in its annual accounts. DERIJCKE Mathieu André is the only director. Mth Construct shares no director with another company.
At the same address
Rue des Communes 13, 5140 Sombreffe · 2 other companiesTimeline
Timeline
10 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 7 days late
2025
Weakest financial year net -€59,234 The net result drops to -€59,234, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0775711176
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 13 days late
2023
Highest result from 2022 to 2025 net €63,821 ▲26.8% The operating result of €81,948 and the net result of €63,821 are both a record.
Equity above €100,000 equity €120,143 ▲113% With a profit in every financial year since 2022, equity grows to €120,143.
Annual accounts 2022 filed PDFmicro format · 52 days before the deadline
2021
IncorporationFounding capital of €6,000, 100 shares · Founders: MOUTHOY Julie Renée Françoise Marie and DERIJCKE Mathieu André · Appointment: DERIJCKE Mathieu André (director) · published on 15-10-20218 points ▸
- Founder, MOUTHOY Julie Renée Françoise Marie
- Founder, DERIJCKE Mathieu André
- Founding capital, €6,000, 100 shares
- MOUTHOY Julie Renée Françoise Marie holds 50 shares
- DERIJCKE Mathieu André holds 50 shares
- 100 shares
- Registered office clause, Rue des Communes 13, 5140 Sombreffe
- Director appointment, DERIJCKE Mathieu André
- The deed holds 2 more points.
First establishment Rue des Communes 13, Sombreffe
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
On 13 October 2021, Mth Construct was incorporated as a private limited company by two natural persons, with a starting capital of €6,000.12 DERIJCKE Mathieu André is director of the company, appointed by deed of 15-10-2021.2 Total assets went from €307,537 in 2022 to €214,572 in 2025.3
Company details
Identity
- Enterprise number
- 0775.711.176
- VAT number
- BE 0775.711.176
- Peppol ID
- 0208:0775711176
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-10-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 18:00deed of 15-10-2021 (in French)
- Peppol
- Reachable since 14-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Mth Construct in French
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- Mth Constructdeed of 15-10-2021 (in French)
Activities
NACEBEL 202543120
Site preparation main activity
Codes under NACEBEL 2008
43120
Site preparation main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Tous travaux de terrassement : creusement,comblement,nivellement de chantiers,de constructions,ouverture de tranchée,dérochement,destruction…”deed of 15-10-2021 (in French)
6 activities
- Tous travaux de terrassement : creusement,comblement,nivellement de chantiers,de constructions,ouverture de tranchée,dérochement,destruction à l'explosif,etc.;
- Tous travaux de préparation des sites,la préparation de sites pour l'exploitation minière:enlèvement de déblais et autres travaux d'aménagement et de préparation des terrains et sites miniers;
- Le forage et construction de puits d'eau,fonçage de puits,la construction de réseaux d'adduction,de distribution et d'évacuation des eaux;
- Le rabattement de la nappe aquifère et drainage des chantiers des constructions;
- Les forages d'essai et sondages,sondages d'essai,les forages d'essai et les carottages pour la construction ainsi que pour les études géophysiques,géologiques et similaires,l’exécution de forages horizontaux pour passages de câbles ou de canalisations ainsi que la mise en place de fondations,y compris le battage de pieux.
- La constitution et la gestion d'un patrimoine immobilier et la location-financement de biens immeubles aux tiers,l'acquisition par l'achat ou autrement,la vente,l'échange,la construction,la transformation,l'amélioration,l'équipement,l'aménagement,l'embellissement,l'entretien,la location,la prise en location,le lotissement,la prospection et l'exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine immobilier,de même que se porter caution pour la bonne fin d'engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue des Communes 13 registered office 5140 Sombreffe 42110 Construction of roads and motorways | 13-10-2021 | 2.323.188.602 |
Buildings and parcels at the address
- Ground area
- 2,696 m²
- Buildings
- 107 m²
- Volume, LiDAR
- 745 m³
- Tallest building
- 8.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92114A0007/00H000 | 2,696 m² | 1 · 107 m² | 8.4 m · 2 |
Recognitions
Recognised contractor
2 categoriesMth Construct SRLapproval number 42272
- C General road works contractsclass 1, up to €162,000
- C1 Ordinary sewer worksclass 1, up to €162,000
Contact
E-mail
mathieu.derijcke@hotmail.be establishment in Sombreffe
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 0775.711.176