Equity
€7,677 from €55,335 in 2012
Equity fell by 86% in 13 years.
MA-GRE
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1986peak €32,979 (2018)
€5,437▼ 25.7%
lowest -€13,415 (2023)
€3,484▲ €4,973
peak €55,335 (2012)
€7,677▲ 83.1%
€13,988▲ 0.5%
Board2 names since 2021
2 directors and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Gross margin from €7,316 to €5,437Back to profit: €3,484Equity from €4,192 to €7,677Investments €7,583Cash from €13,371 to €8,020
Key points
from the 2025 annual accountsTurnover
≈ €73,000 estimated
The micro format states no turnover.
Investments
€7,752 9.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 2163.8% higher than in 2024.
Liquidity
8.81 was 19.86 in 2024
Short-term debts rose from €847 to €1,548.
Filings
40 annual accounts since 1986
Three of the last ten came late. The 2019 accounts came latest: 66 days after the end of the period.
Position in the sector
€7,677
Less equity than 85% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,356 companies had the same profile as MA-GRE has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,356 companies, not a prediction for MA-GRE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- 50%annual accounts 2016
- 50%annual accounts 2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0427939254
Registered office moved from Loppem to Middelkerke
New registered office: Kapelstraat 45 te 8430 Middelkerke · Previous registered office: Van Hammelaan 9, 8210 Loppem · Board meeting of 11-03-2024 · Gazette deed
2 directors resigning, 2 reappointments
Resignations: and · Reappointments: (director) and (director) · General meeting of 19-06-2023 · Gazette deed
First establishment
Kapelstraat 45, Middelkerke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MA-GRE Middelkerke | €21,665 | €5,437 | 35.4% | - |
| LASTECO Aartselaar | €27,068 | €4,250 | 63.4% | - |
| ALGEMENE VOEGWERKEN CRICK Erwin Aalst | €15,726 | €5,340 | 72.9% | - |
| WelbiHome Waterloo | €26,404 | €8,574 | 2.6% | - |
| Show Productions Mortsel | €33,355 | €4,518 | 67.4% | - |
| RenovaRys Niel | €19,382 | €3,205 | 87.0% | - |
| Matti Construct Aalst | €12,369 | €4,583 | 48.0% | - |
These companies have the same main activity as MA-GRE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €12,400 and €33,400, founded between 1978 and 1994.
Official details
Source: KBO- Status
- Active since 11-10-1985Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 2 others
- Establishment unit
- 2.028.401.8408430 Middelkerke, since 24-12-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €21,665▲ 19.6%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on MA-GRE
MA-GRE files the micro format. That format states no turnover. The gross margin rose from -€3,615 in 2006 to €5,437 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MA-GRE
- What is the company number of MA-GRE?
- The company number of MA-GRE is 0427.939.254. The VAT number is the same number with BE in front: BE 0427.939.254.
- Where is MA-GRE based?
- The registered office is at Kapelstraat 45, 8430 Middelkerke.Company details
- What does MA-GRE do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of MA-GRE?
- MA-GRE is a private limited company (BV).
- When was MA-GRE founded?
- MA-GRE was founded on 11-10-1985.
- Is MA-GRE still active?
- Yes, MA-GRE is an active enterprise in the KBO register.
- What is the turnover of MA-GRE?
- The turnover in financial year 2025 is ≈ €73,000. This figure is estimated from the gross margin of €5,437 and 201 comparable companies (NACE 43990). It probably lies between €40,000 and €140,000. It is a rough estimate.Financials
- Is MA-GRE profitable?
- In financial year 2025, MA-GRE made a profit of €3,484.
- Where can I find the annual accounts of MA-GRE?
- MA-GRE filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MA-GRE due?
- MA-GRE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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