ACTIVE

M.D. CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

6,9 k €

+135.7% YoY

Revenue

399,8 k €

+64.0% YoY

Equity

81,4 k €

+9.3% YoY

What does M.D. CONSTRUCT do?

M.D. CONSTRUCT is a Public limited company incorporated in 1992. Its main activity is: Construction of buildings. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.549.684

Incorporation

27/05/1992

Legal form

Public limited company

Registered office

Avenue Monplaisir 91-95
1030 Schaerbeek · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	399,8 k €	+64.0%	243,8 k €	-49.0%	478,4 k €	+14.5%	417,9 k €	+44.9%	288,4 k €	+33.1%	216,6 k €	-13.6%	250,7 k €	-10.3%	279,5 k €	+37.2%	203,7 k €	+145%	83,3 k €	-51.9%	173,1 k €	+374%	36,5 k €	-91.1%	410,0 k €	-17.8%	498,6 k €	-26.5%	678,1 k €	-27.9%	940,3 k €	-0.2%	942,4 k €	-4.0%	981,6 k €	+39.5%	703,9 k €	+6.3%	662,1 k €
EBITDA	10,5 k €	+170%	-15,1 k €	-785%	2,2 k €	-74.7%	8,7 k €	-27.5%	12,0 k €	-5.6%	12,7 k €	+44.9%	8,8 k €	+201%	2,9 k €	+651%	388,2 €	-99.0%	37,8 k €	-38.8%	61,8 k €	+228%	-48,3 k €	-235%	35,7 k €	+17.5%	30,4 k €	-49.3%	60,0 k €	+493%	10,1 k €	-65.2%	29,1 k €	+69.8%	17,1 k €	-20.0%	21,4 k €	+216%	6,8 k €
Operating result	7,7 k €	+149%	-15,5 k €	-946%	1,8 k €	-78.0%	8,3 k €	-29.8%	11,9 k €	-4.3%	12,4 k €	+46.6%	8,5 k €	+209%	2,7 k €	+606%	388,2 €	-99.0%	37,8 k €	-38.8%	61,8 k €	+217%	-52,6 k €	-354%	20,7 k €	+25.3%	16,5 k €	-58.7%	40,1 k €	+1511%	-2,8 k €	-113%	22,4 k €	+101%	11,1 k €	-41.1%	18,9 k €	+480%	3,2 k €
Net result	6,9 k €	+136%	-19,4 k €	-1314%	1,6 k €	-54.2%	3,5 k €	-69.6%	11,5 k €	+34.9%	8,5 k €	+215%	2,7 k €	+222%	-2,2 k €	-115%	-1,0 k €	-103%	36,5 k €	-9.9%	40,5 k €	+157%	-71,0 k €	-380%	-14,8 k €	-131%	-6,4 k €	-148%	13,2 k €	+169%	-19,0 k €	-292%	9,9 k €	+1878%	499,6 €	-91.7%	6,0 k €	+113%	2,8 k €
Balance sheet
Equity	81,4 k €	+9.3%	74,4 k €	-20.7%	93,8 k €	+1.7%	92,2 k €	+3.9%	88,7 k €	+14.8%	77,3 k €	+12.4%	68,8 k €	+4.1%	66,1 k €	-3.2%	68,3 k €	-1.5%	69,3 k €	+111%	32,8 k €	+530%	-7,6 k €	-112%	63,4 k €	-18.9%	78,2 k €	-7.6%	84,6 k €	+18.5%	71,4 k €	-21.0%	90,4 k €	+12.3%	80,5 k €	+0.6%	80,0 k €	+8.1%	74,0 k €
Total assets	322,1 k €	+40.4%	229,4 k €	-11.4%	259,0 k €	+50.7%	171,9 k €	-12.8%	197,2 k €	+23.3%	159,9 k €	+3.1%	155,1 k €	-22.7%	200,7 k €	+26.8%	158,3 k €	+34.3%	117,9 k €	+11.9%	105,3 k €	+9.9%	95,8 k €	-75.9%	396,8 k €	-10.8%	444,7 k €	+14.0%	390,0 k €	-6.9%	419,0 k €	+60.1%	261,7 k €	-4.6%	274,3 k €	+41.2%	194,3 k €	+14.7%	169,4 k €
Cash	7,3 k €	+115%	3,4 k €	-35.4%	5,3 k €	+34.1%	3,9 k €	-55.4%	8,8 k €	+772%	1,0 k €	+2522550%	0,0 €	0.0%	0,0 €	+33.3%	0,0 €	-99.6%	6,9 €	+22933%	0,0 €	0.0%	0,0 €		–		21,9 k €	-73.9%	84,1 k €	+6.6%	78,9 k €	-36.0%	123,3 k €	+425%	23,5 k €	-61.4%	60,8 k €	+11.3%	54,6 k €
Debts	240,7 k €	+55.3%	155,0 k €	-6.1%	165,1 k €	+107%	79,6 k €	-26.6%	108,4 k €	+31.2%	82,6 k €	-4.2%	86,3 k €	-35.9%	134,6 k €	+49.6%	90,0 k €	+85.3%	48,6 k €	-33.0%	72,5 k €	-29.9%	103,5 k €	-69.0%	333,4 k €	-9.0%	366,5 k €	+20.0%	305,4 k €	-12.1%	347,6 k €	+103%	171,3 k €	-11.6%	193,8 k €	+69.5%	114,3 k €	+19.8%	95,4 k €
Other
Workforce	–		108 597,5 ETP	+5429775%	2,0 ETP		–		–		–		–		–		–		–		–		–		–		1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	-99.6%	272,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2017 · 1 active · 1 ended

Active mandates

SEVERINO FREA

Mandate

Active

Ended mandates

ANTONIO FREA

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ACP Résidence Monplaisir - immeuble à Schaerbeek, avenue Monplaisir 91-95● Active	0731.638.237
LE PIEMONT● Active	0432.944.157

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	06/10/2025	21/10/2024	26/10/2023	15/11/2022	05/11/2021
General meeting	03/06/2026	03/06/2025	03/06/2024	03/06/2023	03/06/2022	03/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	03/06/2026	24/07/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	06/10/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	21/10/2024	French	PDF
Micro model	31/12/2022	03/06/2023	26/10/2023	French	PDF
Micro model	31/12/2021	03/06/2022	15/11/2022	French	PDF
Micro model	31/12/2020	03/06/2021	05/11/2021	French	PDF
Micro model	31/12/2019	03/06/2020	25/06/2021	French	PDF
Micro model	31/12/2018	03/06/2019	25/11/2019	French	PDF
Abridged model	31/12/2017	03/06/2018	09/11/2018	French	PDF
Abridged model	31/12/2016	03/06/2017	29/12/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	05/12/2016	French	PDF
Abridged model	31/12/2014	03/06/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	07/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	09/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	05/11/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	26/10/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	11/10/2007	French	PDF
Abridged model	31/12/2004	30/06/2005	24/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2017 · 1 active · 1 ended

Active mandates

SEVERINO FREA

Mandate

Active

Ended mandates

ANTONIO FREA

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office01/07/2014
SIEGE SOCIAL
PDF
Mandates22/01/2013
DEMISSIONS, NOMINATIONS
PDF
Other02/02/2010
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/01/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20256,9 k €↑
2024
Annual accounts 2024-19,4 k €↓
2023
Annual accounts 20231,6 k €↓
2022
Annual accounts 20223,5 k €↓
2021
Annual accounts 202111,5 k €↑
2020
Annual accounts 20208,5 k €↑
2019
Annual accounts 20192,7 k €↑
2018
Annual accounts 2018-2,2 k €↓
2017
Annual accounts 2017-1,0 k €↓
2016
Annual accounts 201636,5 k €↓
2015
Annual accounts 201540,5 k €↑
2014
Annual accounts 2014-71,0 k €↓
2013
Annual accounts 2013-14,8 k €↓
2012
Annual accounts 2012-6,4 k €↓
2011
Annual accounts 201113,2 k €↑
2010
Annual accounts 2010-19,0 k €↓
2009
Annual accounts 20099,9 k €↑
2008
Annual accounts 2008499,6 €↓
2007
Annual accounts 20076,0 k €↑
2006
Annual accounts 20062,8 k €
27/05/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

M.D. CONSTRUCT

Overview

What does M.D. CONSTRUCT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline