Skip to content

MDG DEVELOPMENT

Active
Private limited companyfounded 2023active for 3 yearsRue de la Petite Doucette 27, 4041 Herstal, BelgiumKBO/BCE: BE 0800.164.183
Summary

MDG DEVELOPMENT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,941 and a net result of €27,987. Equity is growing by about 63% per year across the filed financial years. Its solvency ranks better than 77% of 9,100 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
General construction of other non-residential buildings
NACE 41003
1 site
Size
€88,389total assets 2025
Equity
€60,941
Profit
€27,987
Turnover not published (micro format)
Financial health
71 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Parent
MDG GROUP · 100%
Accounts 29 days early0 of 2 deeds read
Why 71raises riskFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €88,389lowers riskLiquidity: current ratio 3.11, cash €51,420Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 86% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency 94+26
equity 68.9% of total assets
Liquidity 87+16
short-term debt 31.1% · cash 58.2%
Profitability 100+9
return on assets 31.7%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,377 companies, NACE 41, micro)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.5%▼ -0.1 percentage points vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.6%▲ +0.1 percentage points vs 03-2025 05-2025: 1.7%▲ +0.1 percentage points vs 04-2025 06-2025: 1.6%▼ -0.1 percentage points vs 05-2025 07-2025: 1.7%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 1.4%▼ -0.3 percentage points vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.11, compared with 1.62 in 2024; short-term debt: 31.1% and cash: 58.2% of total assets), and 31.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 78% on solvency, 88% on liquidity, 91% on profitability and 86% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 3.11, cash €51,420
NBB · annual accounts
raises risk · Founded in 2023
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Size: total assets €88,389
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
29 days early
2024
2 days early
2023
71 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 13 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (3 of the last 3 filed years within 74 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Legal form clause · Registered office…General meeting · Other statement
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Highest result from 2023 to 2025net €27,987 ▲103%

Key points

  • Controlled by MDG GROUP 100% View
  • Total assets 20253 financial years filed €88,389 View
  • Active since 2023founded 30-03-2023 3 years View

By topic

Financials

Financial year
2025
Total assets
€88,389
Profit
€27,987
Solvency
68.9%
Total assets▲ 16.0%
Net result
20232025
Go to Financials

Timeline

Events
7
Since
2024
Next accounts
by 31-07-2027
  1. 19-12-2025General meeting · Director appointment
  2. 29-07-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
30-03-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

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