Skip to content

MTL Construct

Active Private limited companyfounded 2019active for 7 yearsRue des Hêtres, Nohaipré 17, 6987 RendeuxKBO/BCE: BE 0727.619.467

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €13,086 (2022)
€3,377▼ 48.3%
lowest -€2,727 (2025)
-€2,727▼ €680
peak €13,823 (2023)
€9,049▼ 23.2%
€7,087▼ 46.4%
Board1 name since 2019
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €6,535 to €3,377Loss of €2,727Equity from €11,776 to €9,049Debts from €13,214 to €7,087Cash from €9,938 to €1,601

Key points

from the 2025 annual accounts

Losses

-€4,774 in two years
-2,0472024-2,7272025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Turnover

≈ €41,000 estimated

The micro format states no turnover.

Filings

6 annual accounts 5 late
AprilJune31 JulyOctober202020222024

The 2020 accounts came latest: 142 days after the end of the period.

Checked score

51
Fair
Financially stronger than 37% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 5.0%highest value 01-2025: 4.4%▼ -0.6 percentage points vs 12-2024 02-2025: 4.3%▼ -0.1 percentage points vs 01-2025 03-2025: 4.4%▲ +0.1 percentage points vs 02-2025 04-2025: 4.5%▲ +0.1 percentage points vs 03-2025 05-2025: 4.4%▼ -0.1 percentage points vs 04-2025 06-2025: 4.3%▼ -0.1 percentage points vs 05-2025 07-2025: 4.3%● unchanged vs 06-2025 08-2025: 1.5%▼ -2.8 percentage points vs 07-2025 09-2025: 1.3%▼ -0.2 percentage points vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026lowest value 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.6 percentage points vs 07-2026 09-2026: 2.6%▲ +0.7 percentage points vs 08-2026 10-2026: 2.6%● unchanged vs 09-2026 11-2026: 2.6%● unchanged vs 10-2026

Financial strength
Average

81+9equity 56.1% of total assets
41-32short-term debt 43.9% · cash 9.9%
50-9return on assets -16.9%

Score breakdown

raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Founded in 2019
lowers risk
Equity €9,049 (56.1% of total assets)
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 41, micro). It does better than 65% of them on solvency, 38% on liquidity, 29% on profitability and 18% on growth.

The bankruptcy probability was computed on 10-11-2026 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, 3,591 companies had the same profile as MTL Construct has now. Each dot stands for 9 companies, two years later.

87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MTL Construct itself: 2.6% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,591 companies, not a prediction for MTL 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 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.
lowers riskraises risk
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €9,049 (56.1% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filings
Deviation from the deadline
2025
31 days late
2024
9 days early
2023
139 days late
2022
30 days late
2021
31 days late
2020
142 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 61 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 31 August (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • THÉRER Mehdy Christian Emile Ghislain 100 sharesdeed of 03-06-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0727619467
Incorporation Founding capital of €7,000, 100 shares · Founder: THÉRER Mehdy Christian Emile Ghislain · Appointment: THÉRER Mehdy Christian Emile Ghislain (director) · published on 03-06-2019 · Gazette deed
First establishment Rue des Hêtres, Nohaipré 17, Rendeux
All 11 events

Comparable companies

same main activity, similar in size and age
Company
MTL Construct Rendeux €16,136 €3,377 56.1% -
MHCONCEPTION Liège €18,990 €3,186 13.2% -
Mike Construct Quévy €17,636 €2,619 28.3% -
Smarteco Construction La Bruyère €14,712 €3,395 25.6% -
S&B WILLEMS Laakdal €17,676 €2,351 59.2% -
AGA CONSTRUCT Sint-Pieters-Leeuw €16,418 €4,864 91.3% -
B.A CONSTRUCT Drogenbos €19,588 €2,999 84.4% -

These companies have the same main activity as MTL Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €14,700 and €19,600, founded between 2017 and 2021.

Official details

Source: KBO
Status
Active since 29-05-2019Normal situation
Activity
General construction of residential buildingsNACE 41001
Establishment unit
2.289.677.4766987 Rendeux, since 29-05-2019
Financial year end
31 December
Peppol
Reachable since 23-12-2025
Company details

Annual accounts 2025

€3,377▼ 48.3%
€2,727▲ 33.2%
€9,049▼ 23.2%
€16,136▼ 35.4%
Filing
Filed on 31-08-2026
Financials

Insights on MTL Construct

MTL Construct files the micro format. That format states no turnover. The gross margin rose from €1,650 in 2020 to €3,377 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€3,377
▼ 48.3%
-€2,545
▼ €951
-€2,727
▼ €680
€5,298
▼ 12.7%
56.1%
▲ 9.0 percentage points
1.75
▲ 0.29

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 ≈ €41,000. Estimated: probably between €21,000 and €73,000.

Balance sheet

balance sheet total €16,136 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

56.1%

Higher than 64% of 9,462 companies in 2025.

1.75

Higher than 51% of 9,210 companies in 2025.

-16.9%

Higher than 9% of 9,282 companies in 2025.

MTL Construct Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 16,13624,98927,37232,04433,59535,670
21/28 3,7515,70613,10920,58525,37629,569
22/27 3,7515,70613,10920,58525,37629,569
23 8881,3372,3543,4431,8481,145
24 2,8631004477951,143-
25 -4,26910,30816,34722,386-
29/58 12,38419,28414,26311,4608,2196,101
40/41 9,9958,58711,0452,7794,8213,300
40 8,7005,7609,0177883,2781,395
41 1,2952,8262,0271,9911,5431,906
54/58 1,6019,9383,1198,5812,5282,155
490/1 7887599999870646
Balance sheet: equity and liabilities
10/49 16,13624,98927,37232,04433,59535,670
10/15 9,04911,77613,82312,66410,0305,202
10/11 7,0007,0007,0007,0007,0007,000
14 2,0494,7766,8235,6643,030-1,798
17/49 7,08713,21413,55019,38023,56530,468
17 --4,21410,42516,50422,455
170/4 --4,21410,42516,50422,455
42/48 7,08713,2149,3358,9557,0608,013
42 -4,2146,2106,0795,9515,825
44 4,2288,999-2,8461,1092,187
440/4 4,2288,999-2,8461,1092,187
45 2,399-3,12531--
450/3 --79031--
454/9 2,399-2,335---
47/48 460-----
Income statement
9900 3,3776,53510,03013,08612,2141,650
62 -01232,32747-
630 5,3097,4047,4757,0366,6092,859
640/8 61272553349650149
9901 -2,545-1,5941,8993,2275,508-1,358
75/76B 5104---0
75 5104---0
65/66B 187547366563680440
65 187547366563680440
9903 -2,727-2,0371,5332,6644,828-1,798
67/77 -1037531--
9904 -2,727-2,0471,1582,6344,828-1,798
9905 -2,727-2,0471,1582,6344,828-1,798
Appropriation of the result
9906 2,0494,7766,8235,6643,030-1,798
14P 4,7766,8235,6643,030-1,798-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 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 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502160.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00502160 PDF
31-12-2024 micro format 22-07-2025 2025-00310784 PDF
31-12-2023 micro format 17-12-2024 2024-00618762 PDF
31-12-2022 micro format 30-08-2023 2023-00404549 PDF
31-12-2021 micro format 31-08-2022 2022-20372096 PDF
31-12-2020 micro format 20-12-2021 2021-81100278 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
2,7655,8109,37410,26412,1171,501
2,5825,3578,6349,67011,4371,062
3,355002,2452,41631,387
-8,3376,819-5,4626,053374-
5,2986,0704,9282,5041,159-1,912
56.1%47.1%50.5%39.5%29.9%14.6%
1.751.461.531.281.160.76
0.781.120.981.532.355.86
-30.1%-17.4%8.4%20.8%48.1%-34.6%
-16.9%-8.2%4.2%8.2%14.4%-5.0%
14.7810.6225.6418.2317.81-

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.

Securities and guarantees

on own assets and for others
Item20252024202320222021
Pledge on other assets, amount secured-€4,214€10,425€33,550€30,195
Carrying value of the other pledged assets-€4,269€10,308€16,347€22,386

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,355--€2,245€2,416
€5,309€7,404€7,475€7,036€6,609

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MTL Construct

The operating result for 2025 is a loss of €2,545, larger than the loss of €1,594 in 2024. It is the lowest result since 2020.

Debt's share of the balance-sheet total falls from 52.9% to 43.9%. Equity and debt are lower.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 03-06-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Lorsque la société est administrée par plusieurs administrateurs, chaque administrateur agissant seul, peut accomplir tous les actes…”
deed of 03-06-2019

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
THÉRER Mehdy Christian Emile Ghislain
Director (not named in the articles)
Board
Mandates as a list
  • THÉRER Mehdy Christian Emile Ghislain
    • Director (not named in the articles), appointed by deed of 03-06-2019, still in office

See the board, name and registered office on a given date →

Control

This company
MTL Construct
Equity €9,049
Loss €2,727 in 2025

Capital

Contribution
€7,000
Shares
100
Contribution per share
€70
Equity per share
€90.49 in 2025
Source
deed of 03-06-2019

Articles of association

deed of 03-06-2019 (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.
First Friday of June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

At incorporation deed of 03-06-2019 ↗

Network & group

No group

MTL Construct has no parent and no holdings in its annual accounts. THÉRER Mehdy Christian Emile Ghislain is the only director. MTL Construct shares no director with another company.

Timeline

Timeline

11 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Weakest financial year net -€2,727 The net result drops to -€2,727, the lowest from 2020 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727619467
Annual accounts 2024 filed PDFmicro format · 9 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 139 days late
2023
Annual accounts 2022 filed PDFmicro format · 30 days late
2022
Annual accounts 2021 filed PDFmicro format · 31 days late
2021
Back to profit net €4,828 The net result is €4,828, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 142 days late
2019
IncorporationFounding capital of €7,000, 100 shares · Founder: THÉRER Mehdy Christian Emile Ghislain · Appointment: THÉRER Mehdy Christian Emile Ghislain (director) · published on 03-06-20194 points ▸

Open the deed in the Belgian Official Gazette

First establishment Rue des Hêtres, Nohaipré 17, Rendeux

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

MTL Construct was incorporated on 29 May 2019 as a private limited company by one natural person, with a starting capital of €7,000.12 THÉRER Mehdy Christian Emile Ghislain is director of the company, appointed by deed of 03-06-2019.2 Total assets fell from €35,670 in 2020 to €16,136 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 03-06-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0727.619.467
VAT number
BE 0727.619.467
Peppol ID
0208:0727619467
Legal form
Private limited company
Status
Active, normal situation
Founded
29-05-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 03-06-2019 (in French)
Peppol
Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MTL Construct in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 03-06-2019 (in French)
Name clauseThe company operates under this name according to its articles.
MTL Construct
deed of 03-06-2019 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Rue des Hêtres 17, 6987 Nohaipré (Rendeux)”
deed of 03-06-2019 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
41201 General construction of buildings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’entreprise générale de la construction,de pose de carrelages,de peintures,de maçonneries et de béton,de menuiseries et charpentes,de…”
19 activities
  1. L’entreprise générale de la construction,de pose de carrelages,de peintures,de maçonneries et de béton,de menuiseries et charpentes,de plafonnage et de cimentage
  2. Toutes activités liées à l’entreprise générale de construction ainsi que toutes transformations ayant un lien quelconque avec la construction dont l’entreprise générale de construction avec coordination des travaux par sous-traitants
  3. L’entreprise d'installation d'échafaudages,de rejointoiement et nettoyage des façades,de démolition de bâtiments et d'ouvrages d'art,de travaux de pose de câbles et de canalisations diverses,de placement de clôtures,de travaux d'étanchéité et revêtements de construction par asphaltage et bitumage,d'assèchement de constructions autrement que par le bitume et l'asphalte,d'isolation thermique et acoustique,d'installation de panneaux et d’ardoises solaires,de systèmes de ventilation,de chauffage à air chaud ou chauffage central de tous types,de conditionnement d'air et de tuyauteries industrielles,de placement de paratonnerres,de placement de ferronnerie,de volets et de menuiseries métalliques,le commerce de détail en matériaux de construction,et produits d'entretien,en articles sanitaires,le commerce de détail et le placement d'articles en matière plastique ou produits synthétiques
  4. La réalisation de fondations ou socles de soutènement en tous genre
  5. La création et l’entretien de jardins,de parcs et d’espaces verts pour installations sportives
  6. Les activités de désinfection et de destruction des parasites dans les bâtiments
  7. Le ramonage des cheminées et le nettoyage des âtres,fourneaux,incinérateurs des chaudières,gaines de ventilation et des dispositifs d’évacuation des fumées
  8. Le nettoyage à la vapeur,le sablage et les activités analogues appliquées aux parties extérieures des bâtiments
  9. Le montage de menuiseries extérieures et intérieures,notamment en bois et « PVC »,à savoir,à titre illustratif et non exhaustif,la fabrication,la vente,le montage de portes,fenêtre,escalier,placards,cuisines équipées,équipement pour magasin,dormants de portes et fenêtre,portes de garages,volets,etc
  10. Le montage menuiseries extérieurs et intérieurs métallique,à savoir,à titre illustratif et non exhaustif,la fabrication,la vente,le montage de portes,fenêtre,dormants de portes et fenêtres,escaliers,placards,cuisines équipées,équipement pour magasin,etc
  11. Le montage de cloisons mobiles ; le revêtement de murs,de plafonds,et ce en tous matériaux
  12. La pose de revêtements de sol en bois ou en d’autres matériaux
  13. La construction de réseaux d’adduction,de distribution et d’évacuation des eaux
  14. Le forage et la construction de puits d’eau,fonçage de puits
  15. La construction de routes,chemin,rues et autres voies pour véhicules et piétons
  16. Les sondages d’essai,les forages d’essai et les carottages pour la construction ainsi que les études géophysiques,géologiques et similaires
  17. L’achat,la vente,la location,la transformation,la rénovation,la construction,le lotissement de tout bien immeuble
  18. La construction,l’achat et la vente de maison à ossature bois,de charpente de bois ou métalliques
  19. La couverture de toitures de tous types
deed of 03-06-2019 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue des Hêtres, Nohaipré 17 registered office 6987 Rendeux 4100101 General construction of residential buildings 29-05-2019 2.289.677.476

Buildings and parcels at the address

Ground area
580 m²
Buildings
170 m²
Volume, LiDAR
910 m³
Tallest building
7.6 m
Buildings to scale, each on its own parcel
169 m², 7.6 m 169 m², 7.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
83044A0281/00C005579 m² 1 · 169 m² 7.6 m · 2

Contact

E-mail mehdytherer@hotmail.com
Phone +32 494 65 36 36 establishment in Rendeux

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 0727.619.467