Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
M-Construct from Wervik, company number BE0535768117, closed financial year 2025 with a result of € -13,598 after tax. For that financial year M-Construct recorded a gross margin of € 11,355 and equity of € -27,403. Compared with financial year 2024, the result moved from € -15,462 to € -13,598. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ -27,403
▼ € 13,598 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,598
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,153
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,003.
People and assets in 2025
€ 13,746
▲ € 11,712 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 54,867
▼ 8% vs 2024
€ 5,173 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 8,797
▲ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 310
▼ 48% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 31,875 | € 33,858 | € 6,649 | € 11,355 | ▲ 71% |
| Profit after taxes | € -10,231 | € 10,638 | € -15,462 | € -13,598 | ▲ € 1,865 |
| Equity | € -8,981 | € 1,657 | € -13,806 | € -27,403 | ▼ € 13,598 |
| Total debts | € 143,079 | € 81,162 | € 70,659 | € 68,767 | ▼ 3% |
| Cash | € 27,971 | € 19,489 | € 27,379 | € 5,153 | ▼ 81% |
| Land & buildings | € 55,164 | € 36,632 | € 18,101 | - | |
| Retained profit | € -27,581 | € -16,943 | € -32,406 | € -46,003 | ▼ € 13,598 |
| Bank debt | € 113,406 | € 64,982 | € 59,964 | € 54,867 | ▼ 8% |
| Balance sheet total | € 134,098 | € 82,819 | € 56,854 | € 41,364 | ▼ 27% |
Key figures of M-Construct, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to M-Construct?
What happened at M-Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,598. Source: NBB ↗
- Marjolein De Feyter became a director. NBB
- New establishment in Wervik. KBO
- Marvin Robyn became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,231 loss in 2022 to € 13,598 loss in 2025.
Paid € 245 in corporate taxes since 2022.
Best year ever: 2023, with € 10,638 profit.
Management
Behind M-Construct are Marjolein De Feyter and Marvin Robyn.
Directors
According to the 2025 annual accounts
Marjolein De Feyter
Bestuurder
since 2019
Marvin Robyn
Bestuurder
since 2013
Establishments
Establishment units
Physical locations of this company
Wervikstraat 63
8940 Wervik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0535.768.117
- VAT number
- BE 0535.768.117
- Registered office
- Wervikstraat 63, 8940 Wervik
- Names & denominations
- M-Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2013
- Peppol
- Active · Active since 19 Jul 2026
- Contact
- m-construct-geluwe.be
- Activities · NACE
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