Skip to content

MBG

Active
Public limited companyfounded 197353 yrs activeLaarstraat 16, 2610 Antwerpen, BelgiumKBO/BCE: BE 0413.352.434
Summary

MBG has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.0m and a net result of €11.3m. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 31% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability78▲+7
Solvency45=
Growth59▼-10
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,700,000 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 1.31 in 2024; short-term debt: 33.9% and cash: 0.9% of total assets), but 79.6% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 53 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
20.4%
Return on assets
8.9%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
101 d early
2024
77 d early
2023
78 d early
2022
95 d early
2021
95 d early
2020
106 d early
2019
74 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 89 days before 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 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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

History

MBG was incorporated on 3 July 1973.1 Revenue fell from EUR 126 million in 2018 to EUR 101 million in 2025 and headcount from 217 to 182 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€100.8m▼ 42.5%
2024 · €175.5m
EBIT margin
13.4%▲ 5.6pp
2024 · 7.8%
Net result
€11.3m▼ 4.2%
2024 · €11.8m
Working capital
€83.4m▲ 185%
2024 · €29.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€120.9m▼ 3.2%€106.4m▼ 12.0%€162.4m▲ 52.6%€175.5m▲ 8.1%€100.8m▼ 42.5%
Operating result-€1.4m€2.3m€5.9m▲ 156%€13.7m▲ 132%€13.5m▼ 1.7%
Net result-€1.6mbelow the sector's middle half€1.8mabove the sector's middle half€5.1mabove the sector's middle half▲ 179%€11.8mabove the sector's middle half▲ 133%€11.3mabove the sector's middle half▼ 4.2%
EBIT margin-1.1%▼ 3.3pp2.2%▲ 3.3pp3.6%▲ 1.5pp7.8%▲ 4.2pp13.4%▲ 5.6pp
Equity€12.5mabove the sector's middle half▼ 11.6%€14.4mabove the sector's middle half▲ 14.4%€16.4mabove the sector's middle half▲ 14.3%€24.7mabove the sector's middle half▲ 50.5%€26.0mabove the sector's middle half▲ 5.2%
Total assets€76.4mabove the sector's middle half▼ 28.2%€79.2mabove the sector's middle half▲ 3.7%€111.6mabove the sector's middle half▲ 40.8%€123.2mabove the sector's middle half▲ 10.4%€127.6mabove the sector's middle half▲ 3.6%
Debt€58.6m▼ 30.3%€59.8m▲ 2.1%€91.2m▲ 52.5%€93.0m▲ 2.0%€97.0m▲ 4.3%
Working capital€20.3mabove the sector's middle half▼ 29.4%€19.2mabove the sector's middle half▼ 5.6%€19.4mabove the sector's middle half▲ 0.9%€29.3mabove the sector's middle half▲ 51.1%€83.4mabove the sector's middle half▲ 185%
Solvency16.4%within the sector's middle half▲ 3.1pp18.1%within the sector's middle half▲ 1.7pp14.7%below the sector's middle half▼ 3.4pp20.1%within the sector's middle half▲ 5.3pp20.4%within the sector's middle half▲ 0.3pp
Current ratio1.37within the sector's middle half▼ 0.011.32within the sector's middle half▼ 0.041.21within the sector's middle half▼ 0.111.31within the sector's middle half▲ 0.102.93above the sector's middle half▲ 1.61
Return on assets (ROA)-2.1%below the sector's middle half▼ 3.8pp2.3%within the sector's middle half▲ 4.4pp4.5%within the sector's middle half▲ 2.2pp9.6%within the sector's middle half▲ 5.0pp8.9%above the sector's middle half▼ 0.7pp
Staff (FTE)215.5above the sector's middle half▼ 4.1%200.5above the sector's middle half▼ 7.0%197.6above the sector's middle half▼ 1.4%189.6above the sector's middle half▼ 4.0%181.5above the sector's middle half▼ 4.3%
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0m€15.0mOperating result 2021: -€1.4m-€1.4mNet result 2021: -€1.6m-€1.6mOperating result 2022: €2.3m€2.3mNet result 2022: €1.8m€1.8mOperating result 2023: €5.9m€5.9mNet result 2023: €5.1m€5.1mOperating result 2024: €13.7m€13.7mNet result 2024: €11.8m€11.8mOperating result 2025: €13.5m€13.5mNet result 2025: €11.3m€11.3m20212022202320242025€0€5m€10m€15mOperating result 2023: €5.9m€5.9mNet result 2023: €5.1m€5.1mOperating result 2024: €13.7m€14mNet result 2024: €11.8m€12mOperating result 2025: €13.5m€13mNet result 2025: €11.3m€11m202320242025
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127.6m
Fixed assets €901,598 ▲ 0.8%
Current assets €126.7m ▲ 3.6%
Equity and liabilities €127.6m
Equity €26.0m ▲ 5.2%
Provisions €4.5m ▼ 16.9%
Debt €97.0m ▲ 4.3%
Debt's share of the balance-sheet total rises from 75.5% to 76.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€13.8m▼
2024 · €14.0m
Cash flow
€11.6m▼
2024 · €12.1m
Quick ratio
2.91▲
2024 · 1.31
Debt to equity
3.73▼
2024 · 3.77
ROE
43.4%▼
2024 · 47.7%
Interest coverage
63.15▼
2024 · 103.37
Debt ≤ 1 year
€43.3m▼
2024 · €93.0m
Income taxes
€4.1m▼
2024 · €4.4m
Staff costs
€18.8m▲
2024 · €18.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 379 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 379 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
Balance sheet Code20242025
Assets
Total assets20/58€123.2m€127.6m▲
Fixed assets21/28€894,365€901,598▲
Tangible fixed assets22/27€887,828€896,468▲
Plant, machinery and equipment23€652,623€636,523▼
Furniture and vehicles24€235,205€170,435▼
Other tangible fixed assets26-€89,510
Financial fixed assets28€6,537€5,130▼
Other financial fixed assets284/8€6,537€5,130▼
Amounts receivable and cash guarantees285/8€6,537€5,130▼
Current assets29/58€122.3m€126.7m▲
Stocks and contracts in progress3€815,568€529,421▼
Stocks30/36€525,925€529,421▲
Raw materials and consumables30/31€525,925€529,421▲
Contracts in progress37€289,643€0▼
Amounts receivable within one year40/41€17.2m€16.3m▼
Trade receivables40€16.4m€15.5m▼
Other amounts receivable41€815,993€847,961▲
Current investments50/53€101.7m€107.4m▲
Other investments51/53€101.7m€107.4m▲
Cash at bank and in hand54/58€1.8m€1.2m▼
Deferred charges and accrued income490/1€795,585€1.2m▲
Equity and liabilities
Total equity and liabilities10/49€123.2m€127.6m▲
Equity10/15€24.7m€26.0m▲
Contributions10/11€1.5m€1.5m=
Capital10€1.5m€1.5m=
Issued capital100€1.5m€1.5m=
Reserves13€150,000€150,000=
Non-distributable reserves130/1€150,000€150,000=
Legal reserve130€150,000€150,000=
Profit (loss) carried forward14€23.1m€24.4m▲
Provisions and deferred taxes16€5.5m€4.5m▼
Provisions for liabilities and charges160/5€5.5m€4.5m▼
Other liabilities and charges164/5€5.5m€4.5m▼
Amounts payable17/49€93.0m€97.0m▲
Amounts payable within one year42/48€93.0m€43.3m▼
Trade debts44€33.9m€24.7m▼
Suppliers440/4€33.9m€24.7m▼
Advances received on contracts in progress46€50.6m€3.3m▼
Taxes, remuneration and social security45€5.1m€5.3m▲
Taxes450/3€1.4m€1.6m▲
Remuneration and social security454/9€3.7m€3.7m▲
Other amounts payable47/48€3.5m€10.0m▲
Accrued charges and deferred income492/3-€53.7m
Income statement Code20242025
Operating income70/76A€177.1m€104.9m▼
Turnover70€175.5m€100.8m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€3.2m-€289,643▲
Other operating income74€4.8m€4.3m▼
Operating charges60/66A€163.4m€91.4m▼
Goods for resale, raw materials and consumables60€132.9m€62.0m▼
Purchases600/8€132.9m€62.1m▼
Change in stocks: decrease (increase)609-€27,783-€3,497▲
Services and other goods61€10.2m€9.2m▼
Remuneration, social security and pensions62€18.3m€18.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€347,113€340,377▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€51,301€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.5m€386,265▼
Other operating charges640/8€270,911€578,027▲
Operating profit (loss)9901€13.7m€13.5m▼
Financial income75/76B€2.8m€2.2m▼
Recurring financial income75€2.8m€2.2m▼
Income from financial fixed assets750-€1
Income from current assets751€2.8m€2.2m▼
Other financial income752/9€27,356€16,753▼
Financial charges65/66B€280,216€327,612▲
Recurring financial charges65€280,216€327,612▲
Debt charges650€135,806€218,604▲
Other financial charges652/9€144,409€109,008▼
Profit (loss) for the period before taxes9903€16.2m€15.3m▼
Income taxes67/77€4.4m€4.1m▼
Taxes670/3€4.5m€4.1m▼
Tax adjustments and reversals of tax provisions77€16,998€19,484▲
Profit (loss) for the period9904€11.8m€11.3m▼
Profit (loss) for the period to be appropriated9905€11.8m€11.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€26.6m€34.4m▲
Profit (loss) brought forward from the previous period14P€14.8m€23.1m▲
Profit to be distributed694/7€3.5m€10.0m▲
Return on contributions (dividend)694€3.5m€10.0m▲
Social balance
Average headcount (FTE)9087189.6181.5▼

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€125.8m€106.8m€164.9m€177.1m€104.9m▼ 40.8%
Turnover70€120.9m€106.4m€162.4m€175.5m€100.8m▼ 42.5%
Change in stocks of work in progress, finished goods and contracts in progress71-€453,544-€3.5m€47,107-€3.2m-€289,643▲ 90.9%
Other operating income74€5.3m€3.5m€2.5m€4.8m€4.3m▼ 10.1%
Non-recurring operating income76A-€410,968----
Operating charges60/66A€127.2m€104.5m€159.0m€163.4m€91.4m▼ 44.1%
Goods for resale, raw materials and consumables60€100.0m€79.6m€128.1m€132.9m€62.0m▼ 53.3%
Purchases600/8€96.3m€76.9m€127.8m€132.9m€62.1m▼ 53.3%
Change in stocks: decrease (increase)609€3.7m€2.7m€287,779-€27,783-€3,497▲ 87.4%
Services and other goods61€7.9m€9.9m€9.5m€10.2m€9.2m▼ 9.2%
Remuneration, social security and pensions62€15.8m€15.6m€17.5m€18.3m€18.8m▲ 3.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300,190€277,521€295,637€347,113€340,377▼ 1.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5.5m-€964,588€4.1m-€51,301€0▲ 100%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€2.8m-€204,619-€1.1m€1.5m€386,265▼ 74.3%
Other operating charges640/8€452,423€305,286€590,755€270,911€578,027▲ 113%
Operating profit (loss)9901-€1.4m€2.3m€5.9m€13.7m€13.5m▼ 1.7%
Financial income75/76B€27,504€463,641€1.3m€2.8m€2.2m▼ 21.8%
Recurring financial income75€27,504€463,641€1.3m€2.8m€2.2m▼ 21.8%
Income from financial fixed assets750€26,224€9,145€1,508-€1-
Income from current assets751-€447,106€1.3m€2.8m€2.2m▼ 21.6%
Other financial income752/9€1,279€7,390€27,624€27,356€16,753▼ 38.8%
Financial charges65/66B€222,300€198,203€232,768€280,216€327,612▲ 16.9%
Recurring financial charges65€222,300€198,203€232,768€280,216€327,612▲ 16.9%
Debt charges650€129,118€88,760€75,861€135,806€218,604▲ 61.0%
Other financial charges652/9€93,182€109,443€156,908€144,409€109,008▼ 24.5%
Profit (loss) for the period before taxes9903-€1.6m€2.6m€7.0m€16.2m€15.3m▼ 5.5%
Income taxes67/77€58,320€766,608€2.0m€4.4m€4.1m▼ 8.9%
Taxes670/3€58,320€766,610€2.0m€4.5m€4.1m▼ 8.8%
Tax adjustments and reversals of tax provisions77-€2€24,664€16,998€19,484▲ 14.6%
Profit (loss) for the period9904-€1.6m€1.8m€5.1m€11.8m€11.3m▼ 4.2%
Profit (loss) for the period to be appropriated9905-€1.6m€1.8m€5.1m€11.8m€11.3m▼ 4.2%
Line20212022202320242025Change
Assets
Total assets20/58€76.4m€79.2m€111.6m€123.2m€127.6m▲ 3.6%
Formation expenses20--€0---
Fixed assets21/28€669,654€628,958€990,253€894,365€901,598▲ 0.8%
Intangible fixed assets21--€0---
Tangible fixed assets22/27€649,429€619,581€980,637€887,828€896,468▲ 1.0%
Land and buildings22--€0---
Plant, machinery and equipment23€446,403€468,958€737,184€652,623€636,523▼ 2.5%
Furniture and vehicles24€199,584€149,061€243,453€235,205€170,435▼ 27.5%
Other tangible fixed assets26€3,443€1,562€0-€89,510-
Financial fixed assets28€20,225€9,377€9,616€6,537€5,130▼ 21.5%
Other financial fixed assets284/8€20,225€9,377€9,616€6,537€5,130▼ 21.5%
Amounts receivable and cash guarantees285/8€20,225€9,377€9,616€6,537€5,130▼ 21.5%
Current assets29/58€75.7m€78.6m€110.6m€122.3m€126.7m▲ 3.6%
Stocks and contracts in progress3€8.7m€3.5m€3.9m€815,568€529,421▼ 35.1%
Stocks30/36€3.5m€785,921€498,141€525,925€529,421▲ 0.7%
Raw materials and consumables30/31€304,036€361,771€498,141€525,925€529,421▲ 0.7%
Property held for sale35€3.2m€424,150€0---
Contracts in progress37€5.3m€2.7m€3.4m€289,643€0▼ 100%
Amounts receivable within one year40/41€26.2m€28.7m€40.1m€17.2m€16.3m▼ 4.9%
Trade receivables40€25.3m€27.5m€38.5m€16.4m€15.5m▼ 5.4%
Other amounts receivable41€915,061€1.2m€1.6m€815,993€847,961▲ 3.9%
Current investments50/53€29.2m€40.1m€59.8m€101.7m€107.4m▲ 5.6%
Other investments51/53€29.2m€40.1m€59.8m€101.7m€107.4m▲ 5.6%
Cash at bank and in hand54/58€11.4m€6.1m€6.3m€1.8m€1.2m▼ 33.9%
Deferred charges and accrued income490/1€112,115€193,761€503,926€795,585€1.2m▲ 51.5%
Equity and liabilities
Total equity and liabilities10/49€76.4m€79.2m€111.6m€123.2m€127.6m▲ 3.6%
Equity10/15€12.5m€14.4m€16.4m€24.7m€26.0m▲ 5.2%
Contributions10/11€1.5m€1.5m€1.5m€1.5m€1.5m=
Capital10€1.5m€1.5m€1.5m€1.5m€1.5m=
Issued capital100€1.5m€1.5m€1.5m€1.5m€1.5m=
Reserves13€150,000€150,000€150,000€150,000€150,000=
Non-distributable reserves130/1€150,000€150,000€150,000€150,000€150,000=
Legal reserve130€150,000€150,000€150,000€150,000€150,000=
Profit (loss) carried forward14€10.9m€12.7m€14.8m€23.1m€24.4m▲ 5.6%
Provisions and deferred taxes16€5.3m€5.1m€4.0m€5.5m€4.5m▼ 16.9%
Provisions for liabilities and charges160/5€5.3m€5.1m€4.0m€5.5m€4.5m▼ 16.9%
Pensions and similar obligations160€528,331€528,331€0---
Other liabilities and charges164/5€4.7m€4.5m€4.0m€5.5m€4.5m▼ 16.9%
Amounts payable17/49€58.6m€59.8m€91.2m€93.0m€97.0m▲ 4.3%
Amounts payable within one year42/48€55.4m€59.4m€91.2m€93.0m€43.3m▼ 53.5%
Trade debts44€33.1m€32.3m€43.4m€33.9m€24.7m▼ 27.1%
Suppliers440/4€33.1m€32.3m€43.4m€33.9m€24.7m▼ 27.1%
Advances received on contracts in progress46€19.5m€24.2m€39.7m€50.6m€3.3m▼ 93.6%
Taxes, remuneration and social security45€2.7m€2.9m€5.1m€5.1m€5.3m▲ 4.9%
Taxes450/3€173,833€253,024€2.0m€1.4m€1.6m▲ 13.4%
Remuneration and social security454/9€2.6m€2.6m€3.1m€3.7m€3.7m▲ 1.7%
Other amounts payable47/48--€3.0m€3.5m€10.0m▲ 186%
Accrued charges and deferred income492/3€3.2m€424,150€0-€53.7m-
Line20212022202320242025Change
Profit (loss) for the period9904-€1.6m€1.8m€5.1m€11.8m€11.3m▼ 4.2%
+ Depreciation and write-downs630€300,190€277,521€295,637€347,113€340,377▼ 1.9%
Operating cash flow (approximation)-€1.3m€2.1m€5.4m€12.1m€11.6m▼ 4.1%
Investment in fixed assets (approximation)--€236,825-€656,932-€251,225-€347,610▼ 38.4%
Change in cash--€5.3m€135,993-€4.5m-€615,625▲ 86.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Liquidity doublescurrent ratio 2.93
Current ratio from 1.31 to 2.93; short-term debt falls from €93.0m to €43.3m.
31-12
Financial Equity above €25mEq €26.0m ▲5.2%
4 profitable years in a row build equity to €26.0m.
15-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €11.8m ▲133%
Operating result €13.7m, net result €11.8m, both a record.
14-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
27-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €1.8m
Net result €1.8m after one loss-making year.
27-04
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series; recovery starts the following year.
16-04
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
18-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
23-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
20-04
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
20-04
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2015
16-07
State Gazette act Demerger · Power of attorney
Bank account · David INDEKEU
27-05
State Gazette act Demerger · Power of attorney
Transfer price
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 46 acts read
About the unread acts

We know of 46 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
46 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2014
seat establishment All 2 establishment units on the map
Ground area
1.1 ha
Building footprint
3,295 m²
Volume, LiDAR
45,092 m³
2 parcels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
18 companies at this address See who is registered here
2 establishment units
MBG Brasschaat
Ruiterijschool 6, 2930 BrasschaatCutting, shaping and finishing of stone
since 20142.237.331.922
MBG
Laarstraat 16, 2610 AntwerpenMining support service activities
since 20152.243.250.209
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11051B0177/00L005 Flanders 7,974 m² 1 · 2,132 m² 18.8 m · 5 fl.
11008B0231/00G002 Flanders 3,097 m² 1 · 1,162 m² 17.6 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group ACKERMANS & VAN HAAREN 118 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. ACKERMANS & VAN HAAREN 62.1%
  2. AANNEMINGSMAATSCHAPPIJ CFE 100%
  3. CFE CONTRACTING 100%
  4. MBG

Highest known parent: ACKERMANS & VAN HAAREN. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of MBG and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
Received in a demerger part of:AANNEMINGSMAATSCHAPPIJ CFE
BE 0400.464.795State Gazette act of 16-07-2015 (2 acts)

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 10,054 EUR awarded · 10,054 EUR paid
Year Entries awardedpaid
2025 1 1,193 EUR1,193 EUR
2024 1 2,215 EUR2,215 EUR
2023 1 5,794 EUR5,794 EUR
2022 1 852 EUR852 EUR
Schemes
4 entries · 10,054 EUR · 10,054 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

29 categories
MBG NV13632
category C, class 7 · category C1, class 7 · category C5, class 4 · category D, class 8 · category D1, class 8 · category D10, class 7 · category D15, class 6 · category D16, class 8 · category D17, class 8 · category D18, class 8 · category D20, class 8 · category D24, class 8 · category D25, class 8 · category D4, class 8 · category D5, class 8 · category D6, class 4 · category D8, class 7 · category E, class 5 · category E1, class 7 · category E2, class 8 · category F, class 7 · category F2, class 7 · category G, class 6 · category G5, class 6 · category N1, class 7 · category P1, class 8 · category P2, class 6 · category P3, class 6 · category S1, class 6
decision 28-05-2026

Dual-learning approval

7 ended
Bekister (so)
ended · 2019 to 2024
Medewerker ruwbouw (vwo)
ended · 2019 to 2024
Medewerker ruwbouw duaal (so)
ended · 2019 to 2024
Metselaar (so)
ended · 2019 to 2024
Metselaar (vwo)
ended · 2019 to 2024
Ruwbouw duaal (so)
ended · 2019 to 2024
Voeger (so)
ended · 2019 to 2024

Legal Entity Identifier

549300U8O2ZUB01C3747
live in the LEI register

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 442 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded03-07-1973
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
Contact
Website mbg.be
E-mail info@mbg.be
Phone 03 820 40 11
E-invoicing
Reachable via Peppol
Peppol ID 0208:0413352434
Also 9925:BE0413352434
Registered 23-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.