MDG GROUP
ActiveMDG GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199k and a net result of €17k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 7311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+42
Solvency45▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.92 in 2024), but 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
17.8%
Return on assets
1.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7311 sector peers (2025).
NBB · sector comparisonPosition among 7311 sector peers
Solvency
better than 24%
← 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 07-07-2026, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
24 d early
2024
2 d early
2023
1 d early
2022
14 d early
2021
2 d early
2020
3 d early
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€199k▲ 9.2%
2024 · €182k
2018: €75k
2019: €72k
2020: €83k
2021: €145k
2022: €170k
2023: €194k
2024: €182k
2018 → 2025
Total assets
€1.12M▼ 3.9%
2024 · €1.17M
2018: €143k
2019: €352k
2020: €446k
2021: €566k
2022: €594k
2023: €924k
2024: €1.17M
2018 → 2025
Net result
€17k
2024 · €-12k
2018: €25k
2019: €-2k
2020: €10k
2021: €62k
2022: €25k
2023: €24k
2024: €-12k
2018 → 2025
Working capital
€138k▼ 5.3%
2024 · €145k
2018: €59k
2019: €86k
2020: €-6k
2021: €120k
2022: €110k
2023: €117k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€170k▲ 17.1%€194k▲ 14.1%€182k▼ 6.0%€199k▲ 9.2%
Operating result€83k-€41k▼ 50.8%€52k▲ 27.4%€13k▼ 74.2%€45k▲ 238%
Net result€62k-€25k▼ 60.3%€24k▼ 3.5%€-12k€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 238% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€911k▼ 3.6%
Current assets
€209k▼ 5.4%
Equity and liabilities €1.12M
Equity
€199k▲ 9.2%
Debt
€921k▼ 6.4%
The debt ratio falls from 84.4% to 82.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€90k▼
2024 · €93k
Cash flow
€61k▼
2024 · €68k
Solvency
17.8%▲
2024 · 15.6%
Current ratio
2.93▲
2024 · 2.92
Quick ratio
0.40▼
2024 · 0.54
Debt / equity
4.63▼
2024 · 5.40
ROE
8.4%▲
2024 · -6.3%
ROA
1.5%▲
2024 · -1.0%
Interest coverage
3.36▼
2024 · 3.79
Debt
€921k▼
2024 · €984k
Debt ≤ 1 year
€72k▼
2024 · €76k
Debt > 1 year
€837k▼
2024 · €896k
Income taxes
€2k▲
2024 · €390
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.12M▼
Fixed assets21/28€945k€911k▼
Tangible fixed assets22/27€925k€891k▼
Land and buildings22€925k€891k▼
Furniture and vehicles24€0-
Financial fixed assets28€20k€20k=
Current assets29/58€221k€209k▼
Stocks and contracts in progress3€180k€180k=
Stocks30/36€180k€180k=
Amounts receivable within one year40/41€15k€2k▼
Trade receivables40€15k€0▼
Other amounts receivable41€880€2k▲
Cash at bank and in hand54/58€20k€24k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.12M▼
Equity10/15€182k€199k▲
Contributions10/11€50k€50k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€127k€144k▲
Amounts payable17/49€984k€921k▼
Amounts payable after more than one year17€896k€837k▼
Financial debts170/4€892k€830k▼
Other amounts payable178/9€4k€7k▲
Amounts payable within one year42/48€76k€72k▼
Current portion of amounts payable after more than one year42€44k€46k▲
Trade debts44€11k€18k▲
Suppliers440/4€11k€18k▲
Taxes, remuneration and social security45€16k€7k▼
Taxes450/3€16k€7k▼
Other amounts payable47/48€5k€418▼
Accrued charges and deferred income492/3€12k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€44k▼
Other operating charges640/8€9k€19k▲
Gross operating margin9900€102k€109k▲
Operating profit (loss)9901€13k€45k▲
Financial income75/76B€4€36▲
Recurring financial income75€4€36▲
Financial charges65/66B€25k€27k▲
Recurring financial charges65€25k€27k▲
Profit (loss) for the period before taxes9903€-11k€19k▲
Income taxes67/77€390€2k▲
Profit (loss) for the period9904€-12k€17k▲
Profit (loss) for the period to be appropriated9905€-12k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€127k€144k▲
Profit (loss) brought forward from the previous period14P€139k€127k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-12k ▼148%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €170k ▲17.1%
3 profitable years in a row build equity to €170k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €62k ▲515%
Operating result €83k, net result €62k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.99
Current ratio from 0.95 to 1.99; short-term debt falls from €129k to €122k.
31-12
Financial
Equity above €100kEq €145k ▲75.6%
2 profitable years in a row build equity to €145k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2025
Resigned as Director
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijdreef 243570 AlkenGround area
1,164 m²
Building footprint
212 m²
Volume, LiDAR
1,135 m³
Parcel 73302E1070/00E002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rijdreef 24, 3570 Alken
since 20172.261.085.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302E1070/00E002 | Flanders | 1,164 m² | 1 · 212 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LBK Bouw
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BE 0440.166.402
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IMS ELEKTRA
BE 0762.696.647
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MARIO GEERINCKX
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VAN NIEUWENHUYSE BOUW
BE 0459.060.715
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Of 2,429 companies in sector 41003 we hold annual accounts for 1,047. 712 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2017
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0496 163 194