P & M CONSTRUCT
ActiveP & M CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency19▲+10
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.27 in 2024), and 78% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22%
Return on assets
10.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27319 sector peers (2025).
NBB · sector comparisonPosition among 27319 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €74k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
15 d early
2023
8 d early
2022
34 d early
2021
24 d late
2020
46 d early
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▲ 90.3%
2024 · €39k
2018: €56k
2019: €60k
2020: €62k
2021: €-15k
2022: €9k
2023: €27k
2024: €39k
2018 → 2025
Total assets
€337k▲ 10.9%
2024 · €304k
2018: €165k
2019: €156k
2020: €277k
2021: €380k
2022: €319k
2023: €427k
2024: €304k
2018 → 2025
Net result
€35k▲ 194%
2024 · €12k
2018: €4k
2019: €4k
2020: €3k
2021: €-77k
2022: €25k
2023: €17k
2024: €12k
2018 → 2025
Working capital
€-58k▲ 25.7%
2024 · €-78k
2018: €-3k
2019: €-4k
2020: €-19k
2021: €-92k
2022: €-76k
2023: €-86k
2024: €-78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€9k€27k▲ 184%€39k▲ 44.4%€74k▲ 90.3%
Operating result€-71k-€31k€24k▼ 24.7%€20k▼ 14.2%€54k▲ 167%
Net result€-77k-€25k€17k▼ 29.3%€12k▼ 31.4%€35k▲ 194%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 167% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337k
Fixed assets
€312k▲ 13.8%
Current assets
€24k▼ 16.8%
Equity and liabilities €337k
Equity
€74k▲ 90.3%
Debt
€263k▼ 0.8%
The debt ratio falls from 87.2% to 78.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€99k▲
2024 · €59k
Cash flow
€80k▲
2024 · €51k
Solvency
22.0%▲
2024 · 12.8%
Current ratio
0.30▲
2024 · 0.27
Quick ratio
0.18▼
2024 · 0.19
Debt / equity
3.55▼
2024 · 6.82
ROE
47.4%▲
2024 · 30.7%
ROA
10.4%▲
2024 · 3.9%
Interest coverage
10.23▲
2024 · 7.12
Debt
€263k▼
2024 · €265k
Debt ≤ 1 year
€82k▼
2024 · €108k
Debt > 1 year
€180k▲
2024 · €157k
Income taxes
€9k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€304k€337k▲
Fixed assets21/28€275k€312k▲
Tangible fixed assets22/27€274k€312k▲
Land and buildings22€192k€182k▼
Plant, machinery and equipment23€12k€14k▲
Furniture and vehicles24€64k€47k▼
Leasing and similar rights25€7k€70k▲
Financial fixed assets28€81€0▼
Current assets29/58€29k€24k▼
Stocks and contracts in progress3€9k€9k▲
Stocks30/36€9k€9k▲
Amounts receivable within one year40/41€14k€3k▼
Trade receivables40€9k€0▼
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€2k€9k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€304k€337k▲
Equity10/15€39k€74k▲
Contributions10/11€17k€17k=
Reserves13€45k€57k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€35k€47k▲
Profit (loss) carried forward14€-23k€0▲
Amounts payable17/49€265k€263k▼
Amounts payable after more than one year17€157k€180k▲
Financial debts170/4€157k€180k▲
Amounts payable within one year42/48€108k€82k▼
Current portion of amounts payable after more than one year42€31k€39k▲
Financial debts43€19k€0▼
Credit institutions430/8€19k€0▼
Trade debts44€22k€20k▼
Suppliers440/4€22k€20k▼
Taxes, remuneration and social security45€5k€20k▲
Taxes450/3€2k€16k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€31k€3k▼
Accrued charges and deferred income492/3€270€287▲
Income statement
Code20242025
Non-recurring operating income76A€15k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€45k▲
Other operating charges640/8€2k€14k▲
Gross operating margin9900€62k€113k▲
Operating profit (loss)9901€20k€54k▲
Financial income75/76B€0€16▲
Recurring financial income75€0€16▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€12k€45k▲
Income taxes67/77€0€9k▲
Profit (loss) for the period9904€12k€35k▲
Profit (loss) for the period to be appropriated9905€12k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€12k▲
Profit (loss) brought forward from the previous period14P€-35k€-23k▲
Transfer from equity791/2-€23k
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €35k ▲194%
Operating result €54k, net result €35k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet €-77k ▼3118%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Maaseik · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weg naar As 233680 MaaseikGround area
1,177 m²
Building footprint
167 m²
Volume, LiDAR
760 m³
Parcel 72028D0110/00E000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
P & M CONSTRUCT
since 20022.096.294.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72028D0110/00E000 | Flanders | 1,177 m² | 1 · 167 m² | 8.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
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KEVIN MAEGH
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PLENUM
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LUCONSTRUCT
BE 0780.455.664
Drogenbos · Eq €72k
Of 1,347 companies in sector 43110 we hold annual accounts for 620. 480 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-07-2002
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
45111
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.