ML Construct
ActiveSummary
ML Construct has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-50
Solvency49▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.03 in 2024; short-term debt: 75.6% and cash: 29.7% of total assets), and 75.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
24.4%
Return on assets
-1.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
5 d late
2024
1 d early
2023
on the day
2022
on the day
2021
13 d early
2020
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€23k▼ 6.1%
2024 · €25k
2020: €-2k
2021: €-35k▼ -1666% vs 2020
2022: €-61k▼ -75.4% vs 2021
2023: €-75k▼ -22.0% vs 2022lowest in 6 years
2024: €25k▲ +133% vs 2023highest in 6 years
2025: €23k▼ -6.1% vs 2024
2020 → 2025
Total assets
€95k▼ 88.3%
2024 · €815k
2020: €376k
2021: €348k▼ -7.5% vs 2020
2022: €585k▲ +68.3% vs 2021
2023: €691k▲ +18.1% vs 2022
2024: €815k▲ +18.0% vs 2023highest in 6 years
2025: €95k▼ -88.3% vs 2024lowest in 6 years
2020 → 2025
Net result
€-1k
2024 · €100k
2020: €-12k
2021: €-33k▼ -176% vs 2020lowest in 6 years
2022: €-26k▲ +20.1% vs 2021
2023: €-14k▲ +48.8% vs 2022
2024: €100k▲ +837% vs 2023highest in 6 years
2025: €-1k▼ -102% vs 2024
2020 → 2025
Working capital
€23k▼ 6.1%
2024 · €25k
2020: €-21k
2021: €-50k▼ -131% vs 2020
2022: €-71k▼ -43.1% vs 2021
2023: €-80k▼ -12.9% vs 2022lowest in 6 years
2024: €25k▲ +131% vs 2023highest in 6 years
2025: €23k▼ -6.1% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-35k-€-61k▼ 75.4%€-75k▼ 22.0%€25k€23k▼ 6.1%
2021: €-35k
2022: €-61k▼ -75.4% vs 2021
2023: €-75k▼ -22.0% vs 2022lowest in 5 years
2024: €25k▲ +133% vs 2023highest in 5 years
2025: €23k▼ -6.1% vs 2024
Operating result€-33k-€-26k▲ 20.3%€-13k▲ 49.5%€107k€-5k
2021: €-33klowest in 5 years
2022: €-26k▲ +20.3% vs 2021
2023: €-13k▲ +49.5% vs 2022
2024: €107k▲ +910% vs 2023highest in 5 years
2025: €-5k▼ -104% vs 2024
Net result€-33k-€-26k▲ 20.1%€-14k▲ 48.8%€100k€-1k
2021: €-33klowest in 5 years
2022: €-26k▲ +20.1% vs 2021
2023: €-14k▲ +48.8% vs 2022
2024: €100k▲ +837% vs 2023highest in 5 years
2025: €-1k▼ -102% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €107k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €95k
Equity
€23k ▼ 6.1%
Debt
€72k ▼ 90.9%
Debt's share of the balance-sheet total falls from 97.0% to 75.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.32▲
2024 · 1.03
Debt to equity
3.10▼
2024 · 31.96
ROE
-6.5%▼
2024 · 403.0%
ROA
-1.6%▼
2024 · 12.2%
Debt ≤ 1 year
€72k▼
2024 · €790k
Income taxes
€0▼
2024 · €8k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€815k€95k▼
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€815k€95k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€59k€67k▲
Other amounts receivable41€59k€67k▲
Cash at bank and in hand54/58€756k€28k▼
Equity and liabilities
Total equity and liabilities10/49€815k€95k▼
Equity10/15€25k€23k▼
Contributions10/11€10k€10k=
Reserves13€15k€13k▼
Distributable reserves133€15k€13k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€790k€72k▼
Amounts payable within one year42/48€790k€72k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€21k€8k▼
Taxes450/3€21k€8k▼
Other amounts payable47/48€761k€61k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€1k€400▼
Gross operating margin9900€108k€-4k▼
Operating profit (loss)9901€107k€-5k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€168€122▼
Recurring financial charges65€168€122▼
Profit (loss) for the period before taxes9903€108k€-1k▼
Income taxes67/77€8k€0▼
Profit (loss) for the period9904€100k€-1k▼
Profit (loss) for the period to be appropriated9905€100k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-1k▼
Profit (loss) brought forward from the previous period14P€-85k€0▲
Transfer from equity791/2-€1k
Transfer to equity691/2€15k€0▼
To other reserves6921€15k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €0 | - | - |
| Other operating charges640/8 | €17k | €53k | €4k | €1k | €400 | ▼ 63.8% |
| Gross operating margin9900 | €-10k | €32k | €-5k | €108k | €-4k | ▼ 104% |
| Operating profit (loss)9901 | €-33k | €-26k | €-13k | €107k | €-5k | ▼ 104% |
| Financial income75/76B | €0 | €0 | - | €1k | €3k | ▲ 130% |
| Recurring financial income75 | €0 | €0 | - | €1k | €3k | ▲ 130% |
| Financial charges65/66B | €120 | €120 | €128 | €168 | €122 | ▼ 27.3% |
| Recurring financial charges65 | €120 | €120 | €128 | €168 | €122 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €-33k | €-26k | €-13k | €108k | €-1k | ▼ 101% |
| Income taxes67/77 | €168 | €179 | €206 | €8k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-33k | €-26k | €-14k | €100k | €-1k | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €-26k | €-14k | €100k | €-1k | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348k | €585k | €691k | €815k | €95k | ▼ 88.3% |
| Fixed assets21/28 | €15k | €10k | €5k | €0 | - | - |
| Tangible fixed assets22/27 | €15k | €10k | €5k | €0 | - | - |
| Furniture and vehicles24 | €15k | €10k | €5k | €0 | - | - |
| Current assets29/58 | €333k | €575k | €686k | €815k | €95k | ▼ 88.3% |
| Stocks and contracts in progress3 | €194k | €520k | €681k | €0 | - | - |
| Stocks30/36 | €194k | €520k | €681k | €0 | - | - |
| Amounts receivable within one year40/41 | €5k | €2k | €128 | €59k | €67k | ▲ 13.6% |
| Other amounts receivable41 | €5k | €2k | €128 | €59k | €67k | ▲ 13.6% |
| Cash at bank and in hand54/58 | €134k | €53k | €4k | €756k | €28k | ▼ 96.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348k | €585k | €691k | €815k | €95k | ▼ 88.3% |
| Equity10/15 | €-35k | €-61k | €-75k | €25k | €23k | ▼ 6.1% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | - | - | - | €15k | €13k | ▼ 10.2% |
| Distributable reserves133 | - | - | - | €15k | €13k | ▼ 10.2% |
| Profit (loss) carried forward14 | €-45k | €-71k | €-85k | €0 | - | - |
| Amounts payable17/49 | €383k | €646k | €766k | €790k | €72k | ▼ 90.9% |
| Amounts payable within one year42/48 | €383k | €646k | €766k | €790k | €72k | ▼ 90.9% |
| Trade debts44 | €784 | €658 | €3k | €9k | €3k | ▼ 65.0% |
| Suppliers440/4 | €784 | €658 | €3k | €9k | €3k | ▼ 65.0% |
| Taxes, remuneration and social security45 | €329 | €179 | €206 | €21k | €8k | ▼ 60.5% |
| Taxes450/3 | €329 | €179 | €206 | €21k | €8k | ▼ 60.5% |
| Other amounts payable47/48 | €382k | €645k | €762k | €761k | €61k | ▼ 92.0% |
| Accrued charges and deferred income492/3 | - | €148 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-26k | €-14k | €100k | €-1k | ▼ 102% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €0 | - | - |
| Operating cash flow (approximation) | €-28k | €-21k | €-9k | €100k | €-1k | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €5k | - | - |
| Change in cash | - | €-81k | €-49k | €752k | €-728k | ▼ 197% |
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
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €100k
Net result €100k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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 2019
Ground area
750 m²
Building footprint
161 m²
Volume, LiDAR
1,671 m³
Parcel 11303C0232/00D007, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ML Construct
since 20192.297.191.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0232/00D007 | Flanders | 750 m² | 1 · 161 m² | 13.9 m · 4 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,138 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
Founded20-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Contact
Phone
0497178781Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.