Active BE 1007.621.350Private limited company

MUST CONSTRUCT

Assesteenweg 116 ·1740 Ternat, Belgium· 2 yrs active

Sector: Construction of buildings (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of MUST CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €9k and a net result of €9k. Its solvency ranks better than 65% of 3811 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€9k
Net result	€9k
Better than sector	65%
Active	2 yrs

Snowflake analysis 5 axes · computed by Checked

79 / 100

Exceptional profile, strong across almost every axis.

Health 93

Profitability 100

Solvency 86

Growth 50

Stability 67

Bankruptcy probability (12 mo) Checked model v1 · free

2.5% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Young company

Founded in 2024, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

93 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 13-10-2025 with the NBB · fiscal year 2024 · micro

Sector comparison

Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	52.6%	39.4%	better than 65% of 3811 sector peers
Net result	€9k	€10k	better than 49% of 3808 sector peers
Equity	€9k	€29k	better than 24% of 3816 sector peers
Gross operating margin	€10k	€26k	better than 28% of 3806 sector peers
Total assets	€17k	€85k	better than 9% of 3812 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€10k
Net profit	€9k
Cash flow	€10k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€17k
Equity	€9k
Debt	€8k
of which ≤ 1y	€8k
of which > 1y	-
Working capital	€4k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.52
Quick ratio	1.52
Working capital ratio	24.6%
Solvency	52.6%
Debt / equity	0.90
Long-term debt ratio	-
Interest coverage	274.94
Gross margin	-
Net margin	-
ROA	52.6%
ROE	100.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €5k · 28.0% Current assets €12k · 72.0%

Equity & liabilities

Equity €9k · 52.6% Debt €8k · 47.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€17k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€5k
Current assets	29/58	€12k
Amounts receivable within one year	40/41	€11k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€17k
Equity	10/15	€9k
Accumulated profits (losses)	14	€9k
Amounts payable	17/49	€8k
Amounts payable within one year	42/48	€8k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€10k
Operating result	9901	€9k
Financial charges	65	€37
Result before taxes	9903	€9k
Net result for the period	9904	€9k
Result to be appropriated	9905	€9k

Ratios computed by Checked.

Legal Structure

NACE primary	Construction of buildings(41001)
Legal form	Private limited company(610)
Incorporation	27-03-2024
Status	Active
Postal code	1740

Establishment units 1 location

Kruisstraat 334, 9600 Ronse

Algemene bouw van residentiële gebouwen

since 20242.357.751.185

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0354/00N002	Flanders	259 m²	1 · 73 m²	9.9 m · 2 fl.
45041A0337/02R000	Flanders	149 m²	1 · 101 m²	9.3 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

13-10-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

19-06-2025

State Gazette act Capital & shares

27-01-2025

State Gazette act Capital & shares

Belgisch Staatsblad, acts 2 acts

Capital history · 2

19-06-2025

Capital change

27-01-2025

Capital change

All acts · 2 updated 1 year ago

2025

19-06-2025 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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27-01-2025 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201

Primary activity highlighted.

Names & trade names

Legal nameNL

MUST CONSTRUCT

Registered office

Assesteenweg 116 bus A

1740 Ternat, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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