Financials
- Fiscal year
- 2025
- Turnover
- €9,200
- Loss
- -€35,310
- Solvency
- 3.6%
Turnover▼ 78.7%
Net result
20182025
M.G. CONSTRUCTIONS
ActiveSummary
The annual accounts of M.G. CONSTRUCTIONS for fiscal year 2025 show a net loss of 50% of the equity at the start of that year. The 2025 annual accounts show equity of €34,943 and a net result of -€35,310. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 12% of 910 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201NACE 45212
1 site
Size
€9,200turnover 2025
- Equity
- €34,943
- Loss
- -€35,310
Structure
Accounts 3 d early0 of 1 deed read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Sector Construction of residential and non-residential buildings (NACE 41)- Equity €34,943 (3.6% of total assets)+ Size: turnover €9,200, total assets €965,702+ Founded in 1999Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 15% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
29-4
equity 3.6% of total assets
Liquidity
30+6
short-term debt 49.2% · cash 3.5%
Profitability
9-40
return on assets -3.7%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 0.6%
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%▲ +2.2% vs 12-2025
02-2026: 0.7%▲ +2.9% vs 01-2026
03-2026: 0.7%● 0.0% vs 02-2026
04-2026: 0.7%▲ +5.4% vs 03-2026highest value
05-2026: 0.7%▼ -1.0% vs 04-2026
06-2026: 0.6%▼ -18.2% vs 05-2026lowest value
07-2026: 0.6%▲ +1.9% vs 06-2026
08-2026: 0.6%▲ +1.6% vs 07-2026
09-2026: 0.6%● 0.0% vs 08-2026
10-2026: 0.6%● 0.0% vs 09-2026
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- Size: turnover €9,200, total assets €965,702 lowers the probability for this profile
- Equity €34,943 (3.6% of total assets) raises the probability
- Founded in 1999 lowers the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.09 against 0.04 in 2024; short-term debt: 49.2% and cash: 3.5% of total assets), and 96.4% 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 41, micro). Better than this share of them on solvency 14%, liquidity 25%, profitability 13%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35,310
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 910 sector peers (2025).
NBB · sector comparisonPosition among 910 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
1 d early
2022
4 d early
2021
29 d late
2020
31 d late
2019
21 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 10 days after the deadline; the sector median for financial year 2024 is on the deadline day, 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€35,310
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 31-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001
- Founded
- 02-08-1999
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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