MTR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MTR CONSTRUCT is 3.0% (moderate). The 2025 annual accounts show equity of €29,496 and a net result of €15,740. Its solvency ranks better than 28% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-2023 Normal situation
- Registered office
- 285 active companies are registered at this address 35 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Other specialised construction activities NACE 43990and 5 others
- Establishment unit
- 2.346.942.417 1080 Sint-Jans-Molenbeek, since 26-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 22-02-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.0%
- Gross margin
- €18,231
- ▲ 61.0%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €15,740
- ▲ 79.7%
- Equity
- €29,496
- ▲ 114%
- Total assets
- €109,672
- ▲ 8.1%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskFounded in 2023Last filed accounts filed 20 days late; 1 of the last 3 accounts lateSize: total assets €109,672Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 28% of them on solvency, 10% on liquidity, 71% on profitability and 92% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 26 days after 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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423804.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 80% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €10,720 | - |
| Financial fixed assets | €430 | - |
| Depreciation and write-downs of the year | €2,144 | €2,144 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as MTR CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €105,000 and €125,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| MTR CONSTRUCT Sint-Jans-Molenbeek | 2023 | €109,672 | €29,496 | €18,231 | - | €15,740 | 2025 |
| GISOCOM CONSTRUCT Brussel | 2022 | €110,852 | €54,027 | €16,087 | €395,408 | €4,045 | 2025 |
| BGWA CONSTRUCT Jette | 2023 | €110,333 | €85,394 | €23,890 | - | €19,278 | 2025 |
| JNS LIGHTING Sint-Pieters-Leeuw | 2023 | €114,501 | €32,951 | €18,623 | - | €10,394 | 2024 |
| HRES CONSTRUCT Tienen | 2023 | €125,229 | €43,122 | €18,717 | €369,891 | €2,093 | 2025 |
| AQUA POOL CONFORT Aywaille | 2023 | €107,496 | €18,355 | €15,807 | - | €12,593 | 2025 |
| BRconstruct Gembloux | 2023 | €105,317 | €27,614 | €15,021 | - | €1,577 | 2025 |
They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 7,976 companies had the same profile as MTR CONSTRUCT has now. Two years later, 3.6% had gone bankrupt and 94.3% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% 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 MTR CONSTRUCT itself: 3.0% within 12 months.
Test of the method
The method was tested on the 497,445 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 7,976 companies, not a prediction for MTR 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,144 | €2,144 | = |
| Other operating charges640/8 | €345 | €149 | ▼ 56.9% |
| Gross operating margin9900 | €11,324 | €18,231 | ▲ 61.0% |
| Operating profit (loss)9901 | €8,835 | €15,938 | ▲ 80.4% |
| Financial charges65/66B | €78 | €198 | ▲ 153% |
| Recurring financial charges65 | €78 | €198 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €8,756 | €15,740 | ▲ 79.7% |
| Profit (loss) for the period9904 | €8,756 | €15,740 | ▲ 79.7% |
| Profit (loss) for the period to be appropriated9905 | €8,756 | €15,740 | ▲ 79.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €101,417 | €109,672 | ▲ 8.1% |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €9,006 | €6,862 | ▼ 23.8% |
| Intangible fixed assets21 | €8,576 | €6,432 | ▼ 25.0% |
| Financial fixed assets28 | €430 | €430 | = |
| Current assets29/58 | €92,411 | €102,810 | ▲ 11.3% |
| Stocks and contracts in progress3 | - | €1,700 | - |
| Stocks30/36 | - | €1,700 | - |
| Amounts receivable within one year40/41 | €79,337 | €93,089 | ▲ 17.3% |
| Trade receivables40 | €76,981 | €85,948 | ▲ 11.6% |
| Other amounts receivable41 | €2,356 | €7,141 | ▲ 203% |
| Cash at bank and in hand54/58 | €13,073 | €6,925 | ▼ 47.0% |
| Deferred charges and accrued income490/1 | - | €1,097 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €101,417 | €109,672 | ▲ 8.1% |
| Equity10/15 | €13,756 | €29,496 | ▲ 114% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €8,756 | €24,496 | ▲ 180% |
| Amounts payable17/49 | €87,661 | €80,176 | ▼ 8.5% |
| Amounts payable within one year42/48 | €87,661 | €80,176 | ▼ 8.5% |
| Trade debts44 | €29,837 | €40,609 | ▲ 36.1% |
| Suppliers440/4 | €29,837 | €40,609 | ▲ 36.1% |
| Taxes, remuneration and social security45 | €39,223 | €17,466 | ▼ 55.5% |
| Taxes450/3 | €6,883 | €413 | ▼ 94.0% |
| Remuneration and social security454/9 | €32,340 | €17,053 | ▼ 47.3% |
| Other amounts payable47/48 | €18,601 | €22,101 | ▲ 18.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,756 | €15,740 | ▲ 79.7% |
| + Depreciation and write-downs630 | €2,144 | €2,144 | = |
| Operating cash flow (approximation) | €10,900 | €17,884 | ▲ 64.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€6,149 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- TEIXEIRA RODRIGUES COUTINHO André Filipe 50 shares (50%) · €2,500
- MONTEIRO da SILVA Vitor Manuel 50 shares (50%) · €2,500
Capital transactions
- 28-06-2023 Incorporation · €5,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MONTEIRO da SILVA Vitor Manuel |
|
| TEIXEIRA RODRIGUES COUTINHO André Filipe |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, mêmes formalités si non actionnaires de plein droit”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 28-06-2023 (in French)
Network & group
MTR CONSTRUCT shares no director with another company.
Companies at the same address
284 other companies- EUROSWEET TRADING Registered office · since 2026 1044428593
- STAR KD Registered office · since 2026 1043851147
- MISDA Registered office · since 2026 1043431869
- TRUSTECH Registered office · since 2026 1043117412
- WIGO Registered office · since 2026 1042520366
- R S CONSULTING Registered office · since 2026 1041865815
- M.A.Z. Registered office · since 2026 1040366273
- MY MED Registered office · since 2026 1040017370
- R&K TRANS Registered office · since 2026 1039918984
- MXITO Registered office · since 2026 1038956508
Connections & network
2 current directorsThe network starts from the directors of MTR CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-06
Gazette deed
IncorporationStarting capital €5,000 · Appointments: TEIXEIRA RODRIGUES COUTINHO André Filipe (director) and MONTEIRO da SILVA Vitor Manuel (director) · Founder13 points ▸
- Founder, TEIXEIRA RODRIGUES COUTINHO André Filipe (comparant)
- Founder, MONTEIRO da SILVA Vitor Manuel (comparant)
- Incorporation, “MTR CONSTRUCT” (deed in French)
- Founding capital, €5,000
- Capital
- Other provision, “unanimité, dispositions finales transitoires effet” (deed in French)
- Other provision, “premier exercice et première AG”, 31-12-2024 (deed in French)
- Registered office clause, “1080 Molenbeek-Saint-Jean,rue de la Colonne 1A” (deed in French)
- Other provision, “en cours, site et adresse électronique” (deed in French)
- Board rule, 2, “assemblée” (deed in French)
- Director appointment, TEIXEIRA RODRIGUES COUTINHO André Filipe (director (not named in the articles))
- Director appointment, MONTEIRO da SILVA Vitor Manuel (director (not named in the articles))
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Les travaux d’urbanisme,la conception d’immeuble,l’étude et la réalisation de travaux d’architecture
- La peinture,la maçonnerie,l’électricité,la toiture,serrurerie,la menuiserie,le plafonnage,le cimentage,la plomberie,la charpenterie,la menuiserie charpenterie
- La promotion immobilière,les transactions immobilières,les financements des projets
- L’installation d’appareil électrique,électronique ainsi que de satellite
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 0803.165.344
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21522B0623/00L000 | Brussels | 2,442 m² | 1 · 406 m² | 19.8 m · 2 |