Turnover
≈ €190,000 estimated
The micro format states no turnover.
MTR Constructions
Overview
Lifetime
2 annual accounts with figures on one time axispeak €15,582 (2025)
€15,582▲ €26,639
lowest -€11,096 (2024)
€14,491▲ €25,587
peak €18,395 (2025)
€18,395▲ 371%
€86,897▲ 203×
Board2 names since 2023
1 directorALVES MADUREIRA Armandino
Documentsfilings and deeds
08-09-202639 days late
2025micro format
Gross margin from -€11,057 to €15,582Back to profit: €14,491Equity from €3,904 to €18,395Debts from €429 to €86,897Cash from €2,679 to €35,330
Key points
from the 2025 annual accountsDebts
€86,897 83% of the balance sheet
Suppliers 92%Taxes and wages 5%Other 3%
Of this, €84,030 falls due within a year.
Starting capital
€15,000 100 shares
2025 accounts filed 39 days after the deadline
Checked score
50
Fair
Financially stronger than 54% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% 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: 6.9%
01-2025: 7.3%▲ +0.4 percentage points vs 12-2024
02-2025: 7.3%● unchanged vs 01-2025
03-2025: 7.8%▲ +0.5 percentage points vs 02-2025
04-2025: 8.1%▲ +0.3 percentage points vs 03-2025highest value
05-2025: 8.1%● unchanged vs 04-2025highest value
06-2025: 7.9%▼ -0.2 percentage points vs 05-2025
07-2025: 7.9%● unchanged vs 06-2025
08-2025: 2.0%▼ -5.9 percentage points vs 07-2025lowest value
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.4 percentage points vs 03-2026
05-2026: 2.6%▲ +0.2 percentage points vs 04-2026
06-2026: 2.5%▼ -0.1 percentage points vs 05-2026
07-2026: 2.8%▲ +0.3 percentage points vs 06-2026
08-2026: 3.8%▲ +1.0 percentage point vs 07-2026
09-2026: 3.8%● unchanged vs 08-2026
10-2026: 3.4%▼ -0.4 percentage points vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €105,292
lowers risk
Liquidity: current ratio 1.24, cash €35,330
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 24% of them on solvency, 48% on liquidity, 46% on profitability and 97% 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, 7,976 companies had the same profile as MTR Constructions has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MTR Constructions itself: 3.4% 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 7,976 companies, not a prediction for MTR Constructions. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24, below the usual 1.5. Short-term debt is 79.8% and cash 33.6% of total assets. 82.5% 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 39 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 2 filingsDeviation from the deadline
2025
39 days late
2024
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 5 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALVES MADUREIRA Armandino 100 sharesdeed of 21-10-2024
- TEIXEIRA RIBEIRO Migueldeed of 21-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805906187
Registered office moved within Brussels
Transfer of 100 shares from TEIXEIRA RIBEIRO Miguel to ALVES MADUREIRA Armandino · New registered office: avenue Wielemans Ceuppens 67 à 1190 Bruxelles · Previous registered office: Rue Memling 39, 1070 Bruxelles · General meeting of 03-10-2024 · Gazette deed
Incorporation
Founding capital of €15,000, 100 shares · Founder: TEIXEIRA RIBEIRO Miguel · Appointment: TEIXEIRA RIBEIRO Miguel (director) · published on 19-09-2023 · Gazette deed
First establishment
Wielemans Ceuppenslaan 67, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MTR Constructions Forest | €105,292 | €15,582 | 17.5% | - |
| PRO ESTATE SERVICES Uccle | €86,757 | €16,939 | 57.9% | - |
| BRconstruct Gembloux | €105,317 | €15,021 | 26.2% | - |
| D&K Construct Waasmunster | €100,674 | €16,006 | 22.6% | - |
| K.D.B. Bouw Herzele | €101,077 | €16,190 | 14.1% | - |
| Nova Elektro Antwerp | €106,402 | €13,849 | 24.8% | - |
| ELB BAT Gesves | €103,208 | €16,633 | 84.8% | - |
These companies have the same main activity as MTR Constructions: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €86,800 and €106,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 15-09-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.351.468.5551190 Forest, since 15-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-05-2025
Annual accounts 2025
- €15,582
- €14,491
- €18,395▲ 371%
- €105,292▲ 24×
- Filing
- Filed on 08-09-2026
Insights on MTR Constructions
The computed 12-month bankruptcy probability of MTR Constructions is 3.4% (moderate). The 2025 annual accounts show equity of €18,395 and a net result of €14,491.
Its solvency ranks better than 24% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 08-09-2026, 39 days late€15,582
▲ €26,639
€15,315
▲ €26,372
€14,491
▲ €25,587
€20,312
▲ 420%
17.5%
1.24
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 ≈ €190,000. Estimated: probably between €97,000 and €340,000.
Balance sheet
balance sheet total €105,292 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
17.5%
Higher than 24% of 9,462 companies in 2025.
1.24
Higher than 34% of 9,210 companies in 2025.
13.8%
Higher than 65% of 9,282 companies in 2025.
MTR Constructions
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
105,292 | 4,333 | |
21/28 |
950 | - | |
28 |
950 | - | |
29/58 |
104,342 | 4,333 | |
40/41 |
68,954 | 1,653 | |
40 |
64,992 | 519 | |
41 |
3,962 | 1,134 | |
54/58 |
35,330 | 2,679 | |
490/1 |
58 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
105,292 | 4,333 | |
10/15 |
18,395 | 3,904 | |
10/11 |
15,000 | 15,000 | |
14 |
3,395 | -11,096 | |
17/49 |
86,897 | 429 | |
42/48 |
84,030 | 429 | |
44 |
79,997 | 429 | |
440/4 |
79,997 | 429 | |
45 |
4,034 | - | |
450/3 |
4,034 | - | |
492/3 |
2,867 | - | |
| Income statement | |||
9900 |
15,582 | -11,057 | |
640/8 |
267 | - | |
9901 |
15,315 | -11,057 | |
75/76B |
188 | 34 | |
75 |
188 | 34 | |
65/66B |
68 | 74 | |
65 |
68 | 74 | |
9903 |
15,435 | -11,096 | |
67/77 |
944 | - | |
9904 |
14,491 | -11,096 | |
9905 |
14,491 | -11,096 | |
| Appropriation of the result | |||
9906 |
3,395 | -11,096 | |
14P |
-11,096 | - | |
| Document | |||
The notes to these accounts have 3 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 08-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 39 days after the deadline. Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507678.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 950 | - | ||
| 32,651 | - | ||
| 20,312 | 3,904 | ||
| 17.5% | - | ||
| 1.24 | - | ||
| 4.72 | - | ||
| 78.8% | - | ||
| 13.8% | - |
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 |
|---|---|---|
| Financial fixed assets | €950 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MTR Constructions
The operating result for 2025 is a profit of €15,315, after a loss of €11,057 in 2024.
Debt's share of the balance-sheet total rises from 9.9% to 82.5%. Equity and debt are higher.
Board & ownership
Board
1 director, no change since 2024Director
since 10-10-2024
listed in the 2025 annual accounts, filed on 08-09-2026
Mandates through the years
2 names, the dashed line is todayALVES MADUREIRA Armandino
Director
Director
TEIXEIRA RIBEIRO Miguel
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- ALVES MADUREIRA Armandino
- Director, from 10-10-2024 to date
- TEIXEIRA RIBEIRO Miguel
- Director (not named in the articles), from 15-09-2023 to 21-10-2024
Control
Shareholders
This company
MTR Constructions
Equity €18,395
Profit €14,491 in 2025
Capital
- Contribution
- €15,000
- Shares
- 100
- Contribution per share
- €150
- Equity per share
- €184 in 2025
- Source
- deed of 19-09-2023
Articles of association
deed of 19-09-2023 (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.
- “Un ou plusieurs administrateurs, peut déléguer des pouvoirs spéciaux à tout mandataire”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 17:30
Shareholders
Stated in the deed
deed of 21-10-2024 ↗
Share transfer
deed of 21-10-2024 ↗
- TEIXEIRA RIBEIRO Miguel to ALVES MADUREIRA Armandino 100 shares
At incorporation
deed of 19-09-2023 ↗
- TEIXEIRA RIBEIRO Miguel sole founder · 100% at incorporation
Network & group
No group
MTR Constructions has no parent and no holdings in its annual accounts. ALVES MADUREIRA Armandino is the only director.
At the same address
Wielemans Ceuppenslaan 67, 1190 Forest · 2 other companies| LION TRADING
registered office since 14-03-2022 · founded in 2022 |
turnover €313,737 (2025) 0782.710.717 |
| Bertin, Claude (sole trader)
establishment since 01-04-1979 |
founded in 1978 0857.140.302 |
Earlier ties
| SMTR via TEIXEIRA RIBEIRO Miguel, at MTR Constructions until 2024 · Manager · deed of 08-02-2019 No longer active |
total assets €26,017 (2019) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
7 events since 2023Board
Capital
Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 39 days late
2025
Back to profit net €14,491 The net result is €14,491, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 29 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0805906187
2024
Registered office moved within BrusselsTransfer of 100 shares from TEIXEIRA RIBEIRO Miguel to ALVES MADUREIRA Armandino · New registered office: avenue Wielemans Ceuppens 67 à 1190 Bruxelles · Previous registered office: Rue Memling 39, 1070 Bruxelles · General meeting of 03-10-20248 points ▸
- General meeting, 03-10-2024
- Director resignation, TEIXEIRA RIBEIRO Miguel
- Director discharge, TEIXEIRA RIBEIRO Miguel
- Director appointment, ALVES MADUREIRA Armandino
- Share transfer, TEIXEIRA RIBEIRO Miguel → ALVES MADUREIRA Armandino, 100 shares
- ALVES MADUREIRA Armandino holds 100 shares
- TEIXEIRA RIBEIRO Miguel is a shareholder
- Registered-office move, avenue Wielemans Ceuppens 67 à 1190 Bruxelles
2023
IncorporationFounding capital of €15,000, 100 shares · Founder: TEIXEIRA RIBEIRO Miguel · Appointment: TEIXEIRA RIBEIRO Miguel (director) · published on 19-09-20235 points ▸
- Founder, TEIXEIRA RIBEIRO Miguel
- Founding capital, €15,000, 100 shares
- Registered office clause, Rue Memling 39, 1070 Anderlecht
- Board rule, 1
- Director appointment, TEIXEIRA RIBEIRO Miguel (director (not named in the articles))
- The deed holds 2 more points.
First establishment Wielemans Ceuppenslaan 67, Forest
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 15 September 2023, MTR Constructions was incorporated as a private limited company by one natural person, with a starting capital of €15,000.12 In 2024 the registered office moved to Brussels.3 ALVES MADUREIRA Armandino has served as director since 2024.4
Company details
Identity
- Enterprise number
- 0805.906.187
- VAT number
- BE 0805.906.187
- Peppol ID
- 0208:0805906187
- Other Peppol ID
- 9925:BE0805906187
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-09-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 17:30deed of 19-09-2023 (in French)
- Peppol
- Reachable since 06-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MTR Constructions in French
- Name in the Peppol Directory
- MTR CONSTRUCT
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 19-09-2023 (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 Memling 39, 1070 Anderlecht”deed of 19-09-2023 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’entreprise generale de construction, la maconnerie, la mise en place de fondations, la ferronnerie de batiments, la construction…”deed of 19-09-2023 (in French)
24 activities
- L’entreprise generale de construction, la maconnerie, la mise en place de fondations, la ferronnerie de batiments, la construction metallique, la menuiserie generale, interieure et exterieure, metallique et plastique, le gros œuvre, la plomberie generale, les travaux de demolition, le terrassement, la construction, la reparation, la transformation, la renovation, le parachevement, travaux de finition, et l’entretien de tous biens immobiliers et mobiliers
- Tous travaux de nettoyage de facade par tout type de procede
- Tous travaux de rejointoiement
- L'achat, l'échange, la vente, l’expertise, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et en matière générale, de tous biens immobiliers
- La vente, la location, la réparation, la restauration, le conseil, la consultance immobilière et la gestion d’immeubles, de maisons et d’appartements ; nettoyage et désinfection d’immeubles, meubles, ameublements et autres objets divers ; la peinture industrielle, le commerce en gros et au détail
- L’achat, la vente, l’importation et l’exportation de tous matériaux de construction et de bricolage
- L’installation d’échafaudage, de rejointage thermique et acoustique, laine de roche et mousse synthétique
- Travaux dans le domaine du zinc, cuivre, roofing, corniches, cheminées, velux, tuiles, ardoises, charpentes, pignons, démoulage, maçonnerie, plafonnage, électricité
- La réparation, le dépannage, l’entretien, ainsi que les travaux de toutes natures afférents à la plomberie, aux installations de chauffage et de réfrigération et aux installations sanitaires
- L’importation, l’exportation, l’achat et la vente, la commercialisation, la production, la fabrication, ainsi que le placement de tous produits et/ou matériaux attenants à la plomberie, aux installations de chauffage et de réfrigération et aux installations sanitaires
- Le placement de clôtures, ferronnerie et de menuiserie métallique
- Le placement de paratonnerres
- La pose de chapes, coffrages et terrassement ; le ramonage de cheminées, les travaux d’égouts, de pose de câblages et canalisations diverses, l’aménagement de terrain de sport, de parcs et de jardin
- Commerce en gros de matériaux de construction et entreprise de construction générale, la coordination des travaux à l’exception de toutes activités réglementées, qui seront traitées par des sous-traitants
- Travaux de gyproc, pose de plafonds et de faux plafonds
- Tous travaux de plafonnage et de carrelage et, plus généralement, de finition du bâtiment
- Tous travaux de sanitaire et de chauffage
- Tous travaux contre l'humidité, travaux isolation, ....
- Tous travaux d'électricité générale, alarme, caméra, sécurité, domotique
- Toutes Installations de panneaux solaires/photovoltaïque
- Tous travaux de nettoyage
- La fabrication de charpentes et de menuiserie en bois, matière plastique ou aluminium, le montage de charpentes, menuiserie en bois ou en matière plastique, le montage de menuiseries extérieures ou intérieures, portes et fenêtres, escaliers, placards, cuisines équipées, équipements pour magasin, dormants de portes et fenêtres, le commerce de gros de menuiserie et les fermetures de bâtiments en bois, la couverture de construction et travaux hydrofuges, la construction de maisons à ossature bois, le bardage, o l’entreprise générale de bâtiment
- Toute activité de gestion, de management et de conseil en matière financière ou économique et de développement d’entreprise. Conseil en matière de communication, de marketing, publicité …
- Toute activité de gestion, supervision et coordination technique de projet. Consultance, conseil technique et suivit de chantier…
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Wielemans Ceuppenslaan 67 registered office 1190 Forest | 15-09-2023 | 2.351.468.555 |
Buildings and parcels at the address
- Ground area
- 137 m²
- Buildings
- 80 m²
- Volume, LiDAR
- 1,295 m³
- Tallest building
- 21.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21007A0049/00K007 | 137 m² | 1 · 80 m² | 21.5 m · 5 |
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 0805.906.187