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M & G CONCEPT

Active
Private limited company (pre-2019)founded 201610 yrs activeKersbeeklaan 308, 1180 Ukkel, BelgiumKBO/BCE: BE 0648.698.386
Summary

The computed 12-month bankruptcy probability of M & G CONCEPT is 2.2% (moderate). The 2025 annual accounts show equity of €122,447 and a net result of €33,361. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 33926 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M & G CONCEPTActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990NACE 43995NACE 43999
1 site
Size
€312,392total assets 2025
Staff
1 FTE
Equity
€122,447
Profit
€33,361
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2025
Bankruptcy chance 12 m
2.2%
Structure
Accounts filed 26 d late0 of 2 deeds read
Why 52- Liquidity: current ratio 1.84- Latest accounts 26 days late; 2 of the last 3 late- Sector Specialised construction activities (NACE 43)- Figures for FY 2025 (filed 26-08-2026)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 36% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2022
Average
Solvency 64+16
equity 39.2% of total assets
Liquidity 44+26
short-term debt 54.4%
Profitability 64+19
return on assets 10.7%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 11.6%highest value 12-2024: 11.6%● 0.0% vs 11-2024highest value 01-2025: 11.6%● 0.0% vs 12-2024highest value 02-2025: 11.6%● 0.0% vs 01-2025highest value 03-2025: 11.6%● 0.0% vs 02-2025highest value 04-2025: 11.6%● 0.0% vs 03-2025highest value 05-2025: 11.6%● 0.0% vs 04-2025highest value 06-2025: 11.5%▼ -0.4% vs 05-2025 07-2025: 11.5%● 0.0% vs 06-2025 08-2025: 11.5%● 0.0% vs 07-2025 09-2025: 11.5%▼ -0.6% vs 08-2025 10-2025: 11.5%● 0.0% vs 09-2025 11-2025: 11.5%● 0.0% vs 10-2025 12-2025: 11.5%● 0.0% vs 11-2025 01-2026: 11.5%● 0.0% vs 12-2025 02-2026: 11.5%● 0.0% vs 01-2026 03-2026: 11.5%● 0.0% vs 02-2026 04-2026: 11.3%▼ -1.3% vs 03-2026 05-2026: 11.2%▼ -0.9% vs 04-2026 06-2026: 11.2%● 0.0% vs 05-2026 07-2026: 11.2%● 0.0% vs 06-2026 08-2026: 11.2%● 0.0% vs 07-2026 09-2026: 2.5%▼ -77.7% vs 08-2026 10-2026: 2.2%▼ -11.4% vs 09-2026lowest value
  • Liquidity: current ratio 1.84 raises the probability
  • Latest accounts 26 days late; 2 of the last 3 late raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Figures for FY 2025 (filed 26-08-2026) raises the probability
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.84 against 1.31 in 2022; short-term debt: 54.4% of total assets), but 60.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 42%, liquidity 35%, profitability 31%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.84
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 26 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Figures for FY 2025 (filed 26-08-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 7 filings
Deviation from the deadline
2025
26 d late
2022
1136 d late
2021
1501 d late
2020
152 d late
2018
92 d late
2017
92 d late
2016
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 437 days after the deadline; the sector median for financial year 2022 is 1 day before the deadline, and 46% of the sector filed late.

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. Usually files around 30 December (4 of the last 5 filed years within 984 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2022 · micro…
  2. Annual accounts filedfiscal year 2021 · micro…
  3. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Total assets 20255 fiscal years filed €312,392 View
  • Active since 2016founded 16-02-2016 10 years View

By topic

Financials

Fiscal year
2025
Total assets
€312,392
Profit
€33,361
Solvency
39.2%
Go to Financials

Timeline

Events
9
Since
2017
Next accounts
by 31-07-2027
  1. 09-09-2026Annual accounts filed
  2. 09-09-2026Annual accounts filed
  3. 26-08-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Other specialised construction activitiesNACE 43990
Founded
16-02-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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