MXM Construct
ActiveSummary
The computed 12-month bankruptcy probability of MXM Construct is 2.6% (moderate). The 2024 annual accounts show equity of €40k and a net result of €21k. Its solvency ranks better than 57% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency74▲+19
Growth78
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 1.61 in 2023; short-term debt: 35.6% and cash: 19.7% of total assets), but 51.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.9%
Return on assets
26%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
48 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€40k▲ 114%
2023 · €19k
2023: €19k
2024: €40k▲ +114% vs 2023
2023 → 2024
Total assets
€82k▲ 32.4%
2023 · €62k
2023: €62k
2024: €82k▲ +32.4% vs 2023
2023 → 2024
Net result
€21k▲ 54.5%
2023 · €14k
2023: €14k
2024: €21k▲ +54.5% vs 2023
2023 → 2024
Working capital
€38k▲ 149%
2023 · €15k
2023: €15k
2024: €38k▲ +149% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€19k-€40k▲ 114%
2023: €19k
2024: €40k▲ +114% vs 2023
Operating result€18k-€27k▲ 49.1%
2023: €18k
2024: €27k▲ +49.1% vs 2023
Net result€14k-€21k▲ 54.5%
2023: €14k
2024: €21k▲ +54.5% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 49% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82k
Fixed assets
€15k ▼ 31.5%
Current assets
€68k ▲ 65.9%
Equity and liabilities €82k
Equity
€40k ▲ 114%
Debt
€42k ▼ 3.0%
Debt's share of the balance-sheet total falls from 69.7% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2023 · €24k
Cash flow
€28k▲
2023 · €19k
Current ratio
2.31▲
2023 · 1.61
Debt to equity
1.04▼
2023 · 2.30
ROE
53.2%▼
2023 · 73.5%
ROA
26.0%▲
2023 · 22.3%
Interest coverage
29.80▲
2023 · 21.00
Debt ≤ 1 year
€29k▲
2023 · €25k
Debt > 1 year
€13k▼
2023 · €18k
Income taxes
€5k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€62k€82k▲
Fixed assets21/28€21k€15k▼
Tangible fixed assets22/27€21k€15k▼
Furniture and vehicles24€21k€15k▼
Current assets29/58€41k€68k▲
Amounts receivable within one year40/41€21k€51k▲
Trade receivables40€20k€51k▲
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€20k€16k▼
Deferred charges and accrued income490/1€155€165▲
Equity and liabilities
Total equity and liabilities10/49€62k€82k▲
Equity10/15€19k€40k▲
Contributions10/11€5k€5k=
Reserves13€14k€35k▲
Distributable reserves133€14k€35k▲
Amounts payable17/49€43k€42k▼
Amounts payable after more than one year17€18k€13k▼
Financial debts170/4€18k€13k▼
Amounts payable within one year42/48€25k€29k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Advances received on contracts in progress46€12k€0▼
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€1k€62▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€0▼
Other operating charges640/8€555€986▲
Gross operating margin9900€60k€35k▼
Operating profit (loss)9901€18k€27k▲
Financial income75/76B€80€476▲
Recurring financial income75€80€476▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€17k€27k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€14k€21k▲
Profit (loss) for the period to be appropriated9905€14k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€21k▲
Transfer to equity691/2€14k€21k▲
To other reserves6921€14k€21k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | ▲ 20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €36k | €0 | ▼ 100% |
| Other operating charges640/8 | €555 | €986 | ▲ 77.5% |
| Gross operating margin9900 | €60k | €35k | ▼ 41.4% |
| Operating profit (loss)9901 | €18k | €27k | ▲ 49.1% |
| Financial income75/76B | €80 | €476 | ▲ 495% |
| Recurring financial income75 | €80 | €476 | ▲ 495% |
| Financial charges65/66B | €1k | €1k | ▲ 0.4% |
| Recurring financial charges65 | €1k | €1k | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €17k | €27k | ▲ 54.4% |
| Income taxes67/77 | €3k | €5k | ▲ 54.1% |
| Profit (loss) for the period9904 | €14k | €21k | ▲ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €14k | €21k | ▲ 54.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €62k | €82k | ▲ 32.4% |
| Fixed assets21/28 | €21k | €15k | ▼ 31.5% |
| Tangible fixed assets22/27 | €21k | €15k | ▼ 31.5% |
| Furniture and vehicles24 | €21k | €15k | ▼ 31.5% |
| Current assets29/58 | €41k | €68k | ▲ 65.9% |
| Amounts receivable within one year40/41 | €21k | €51k | ▲ 143% |
| Trade receivables40 | €20k | €51k | ▲ 157% |
| Other amounts receivable41 | €1k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €20k | €16k | ▼ 17.1% |
| Deferred charges and accrued income490/1 | €155 | €165 | ▲ 6.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €62k | €82k | ▲ 32.4% |
| Equity10/15 | €19k | €40k | ▲ 114% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €14k | €35k | ▲ 154% |
| Distributable reserves133 | €14k | €35k | ▲ 154% |
| Amounts payable17/49 | €43k | €42k | ▼ 3.0% |
| Amounts payable after more than one year17 | €18k | €13k | ▼ 29.2% |
| Financial debts170/4 | €18k | €13k | ▼ 29.2% |
| Amounts payable within one year42/48 | €25k | €29k | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | ▲ 4.8% |
| Trade debts44 | €4k | €15k | ▲ 253% |
| Suppliers440/4 | €4k | €15k | ▲ 253% |
| Advances received on contracts in progress46 | €12k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3k | €9k | ▲ 156% |
| Taxes450/3 | €3k | €9k | ▲ 156% |
| Other amounts payable47/48 | €1k | €62 | ▼ 94.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €21k | ▲ 54.5% |
| + Depreciation and write-downs630 | €6k | €7k | ▲ 20.6% |
| Operating cash flow (approximation) | €19k | €28k | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-3k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2023
Ground area
183 m²
Building footprint
57 m²
Volume, LiDAR
484 m³
Parcel 11028A0234/00X000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MXM Construct
since 20232.342.337.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0234/00X000 | Flanders | 182 m² | 1 · 57 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
V.D.K.S.
BE 0448.968.854
Lier · Eq €40,306
LIVEVA BUILD
BE 1008.106.845
Gent · Eq €40,319
TERRASSEMENT FRANCHI
BE 1007.158.027
Aywaille · Eq €40,326
DBV RENOV
BE 0787.359.787
Wervik · Eq €40,336
SAVI CONSTRUCT
BE 0762.829.378
Antwerpen · Eq €40,339
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.