M.G. PROJECTS

Active Risk: not assessed

Public limited companyfounded 200619 yrs activeEsplanade Oscar Van de Voorde 1, 9000 Gent, BelgiumKBO/BCE: BE 0885.445.989

Summary

M.G. PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €115,579 and a net result of -€219,687. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 2655 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

M.G. PROJECTSActive

Risk analysis Report Compare

Activity

Activities of holding companies

NACE 64210Holdings NACE 64200

1 site

Size

€641,510total assets 2025

Equity: €115,579
Loss: -€219,687

Financial health

Financial institution: outside the modelProbability: sector outside the model

Structure

Parent: MG Real Estate · 99.84%
Board: 6 members

Auditor: Ernst & Young BedrijfsrevisorenAccounts 46 d early1 of 11 deeds read

Signals- Weak solvency vs sectorLatest accounts filed on timeShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2655 sector peers (2025).

NBB · sector comparison

Position among 2655 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

46 d early

2024

12 d late

2023

12 d late

2022

42 d early

2021

32 d early

2020

24 d early

2019

29 d early

← 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 21 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (2)

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 29 June (4 of the last 5 filed years within 44 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

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

11-08-26 Reappointment: Ernst & Young Bedrijfsrevisoren (statutory…Appointments: MG RE Investment BV…
15-06-26 Annual accounts filedfiscal year 2025 · full…
12-08-25 Annual accounts filedfiscal year 2024 · abbreviated…

Key points

Caution: From profit to loss in 2025after €344,035 in 2024 -€219,687 View
Caution: Among the weakest 11% on equitysector median €5.1m · 2,652 companies €115,579 View
New directorslatest change 22-06-2026 · 6 in office 5 joined View
Controlled by MG Real Estateknown shareholders 100% 99.84% View