M.I.- construct
ActiveSummary
M.I.- construct has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €106k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 24% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+86
Solvency48▲+6
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.21 in 2023; short-term debt: 76.1% and cash: 4.2% of total assets), and 76.5% 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.
−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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
153 d late
2022
153 d late
2021
61 d late
2020
153 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€182k▲ 139%
2023 · €76k
2018: €106k
2019: €137k
2020: €144k
2021: €151k
2022: €164k
2023: €76k
2018 → 2024
Total assets
€774k▲ 77.9%
2023 · €435k
2018: €332k
2019: €950k
2020: €688k
2021: €672k
2022: €671k
2023: €435k
2018 → 2024
Net result
€106k
2023 · €-89k
2018: €19k
2019: €31k
2020: €7k
2021: €8k
2022: €13k
2023: €-89k
2018 → 2024
Working capital
€185k▲ 151%
2023 · €74k
2018: €165k
2019: €174k
2020: €158k
2021: €143k
2022: €159k
2023: €74k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€144k-€151k▲ 5.3%€164k▲ 8.7%€76k▼ 53.8%€182k▲ 139%
Operating result€18k-€13k▼ 28.5%€45k▲ 242%€-86k€115k
Net result€7k-€8k▲ 10.4%€13k▲ 71.5%€-89k€106k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €115k after a loss of €86k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €774k
Fixed assets
€129 ▼ 94.5%
Current assets
€774k ▲ 78.9%
Equity and liabilities €774k
Equity
€182k ▲ 139%
Provisions
€4k
Debt
€589k ▲ 64.0%
Debt's share of the balance-sheet total falls from 82.5% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2023 · €-85k
Cash flow
€106k▲
2023 · €-87k
Current ratio
1.31▲
2023 · 1.21
Quick ratio
0.38▼
2023 · 1.21
Debt to equity
3.24▼
2023 · 4.73
ROE
58.2%▲
2023 · -116.5%
ROA
13.7%▲
2023 · -20.3%
Interest coverage
19.50▲
2023 · -24.91
Debt ≤ 1 year
€589k▲
2023 · €359k
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 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€435k€774k▲
Fixed assets21/28€2k€129▼
Tangible fixed assets22/27€2k€129▼
Plant, machinery and equipment23€352€129▼
Furniture and vehicles24€2k-
Current assets29/58€433k€774k▲
Stocks and contracts in progress3-€550k
Contracts in progress37-€550k
Amounts receivable within one year40/41€385k€172k▼
Trade receivables40€158k€153k▼
Other amounts receivable41€227k€18k▼
Cash at bank and in hand54/58€28k€32k▲
Deferred charges and accrued income490/1€20k€20k=
Equity and liabilities
Total equity and liabilities10/49€435k€774k▲
Equity10/15€76k€182k▲
Contributions10/11€19k€19k=
Reserves13€146k€160k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€38k€52k▲
Distributable reserves133€107k€108k▲
Profit (loss) carried forward14€-89k€3k▲
Provisions and deferred taxes16-€4k
Deferred taxes168-€4k
Amounts payable17/49€359k€589k▲
Amounts payable within one year42/48€359k€589k▲
Financial debts43€48k€506k▲
Credit institutions430/8€48k€506k▲
Trade debts44€262k€2k▼
Suppliers440/4€262k€2k▼
Taxes, remuneration and social security45€6k-
Taxes450/3€6k-
Other amounts payable47/48€43k€81k▲
Income statement
Code20232024
Non-recurring operating income76A€2k€25k▲
Remuneration, social security and pensions62€-267-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€223▼
Other operating charges640/8€907€736▼
Non-recurring operating charges66A€868€1k▲
Gross operating margin9900€-83k€117k▲
Operating profit (loss)9901€-86k€115k▲
Financial income75/76B€817€432▼
Recurring financial income75€817€432▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-89k€109k▲
Transfer to deferred taxes680-€4k
Profit (loss) for the period9904€-89k€106k▲
Transfer to tax-exempt reserves689-€14k
Profit (loss) for the period to be appropriated9905€-89k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-89k€3k▲
Profit (loss) brought forward from the previous period14P-€-89k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
31-12
Financial
Equity above €150kEq €182k ▲139%
Equity rises from €76k to €182k.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 153 days late
2023
31-12
Financial
Weakest financial yearnet €-89k ▼774%
Net result drops to €-89k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 153 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Equity above €150kEq €151k ▲5.3%
4 profitable years in a row build equity to €151k.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 186 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Nijlen · 1 establishment unit since 2006
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.
Breugelhoevestraat 862560 NijlenGround area
1,137 m²
Building footprint
118 m²
Volume, LiDAR
759 m³
Parcel 12026D0793/00Z000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bouwwerken B.D.R.
since 20062.152.161.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0793/00Z000 | Flanders | 1,136 m² | 1 · 118 m² | 9.3 m · 2 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
EGOUTAR
BE 0797.247.453
Estinnes · Eq €181,712
4G RENOVATION SPRL
BE 0534.769.116
Namur · Eq €181,750
FACADE EXPRESS
BE 0425.458.133
Evere · Eq €181,755
DAVI-NET
BE 0837.881.842
Sint-Jans-Molenbeek · Eq €181,569
COSTA LUIS CONSTRUCTIONS
BE 0643.544.817
Libin · Eq €181,531
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.