MG BOUW
ActiveThe computed 12-month bankruptcy probability of MG BOUW is 2.5% (moderate). The 2025 annual accounts show equity of €389k and a net result of €98k. Equity is growing by ~44.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 27407 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent▲ +42 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+19
Solvency94▲+49
Growth78=
Stability94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 0.72 in 2024), but 51.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
48.2%
Return on assets
12.1%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
31 d early
2022
3 d late
2021
220 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€389k▲ 32.0%
2024 · €295k
2021: €-6k
2022: €141k
2024: €295k
2021 → 2025
Total assets
€807k▼ 13.0%
2024 · €929k
2021: €114k
2022: €581k
2024: €929k
2021 → 2025
Net result
€98k▲ 105%
2024 · €48k
2021: €-9k
2022: €148k
2024: €48k
2021 → 2025
Working capital
€62k
2024 · €-40k
2021: €-21k
2022: €-79k
2024: €-40k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220242025Trend
Equity€-6k-€141k€295k▲ 109%€389k▲ 32.0%
Operating result€-8k-€16k€110k▲ 605%€164k▲ 49.9%
Net result€-9k-€148k€48k▼ 67.7%€98k▲ 105%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 50% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €807k
Fixed assets
€700k▼ 15.4%
Current assets
€107k▲ 5.9%
Equity and liabilities €807k
Equity
€389k▲ 32.0%
Provisions
€34k▼ 11.3%
Debt
€384k▼ 35.5%
The debt ratio falls from 64.1% to 47.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€212k▲
2024 · €154k
Cash flow
€146k▲
2024 · €92k
Solvency
48.2%▲
2024 · 31.8%
Current ratio
2.38▲
2024 · 0.72
Quick ratio
2.38▲
2024 · 0.72
Debt / equity
0.99▼
2024 · 2.02
ROE
25.1%▲
2024 · 16.2%
ROA
12.1%▲
2024 · 5.1%
Interest coverage
7.93▲
2024 · 4.77
Debt
€384k▼
2024 · €595k
Debt ≤ 1 year
€45k▼
2024 · €141k
Debt > 1 year
€339k▼
2024 · €454k
Income taxes
€44k▲
2024 · €34k
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€929k€807k▼
Fixed assets21/28€827k€700k▼
Intangible fixed assets21€377k€358k▼
Tangible fixed assets22/27€450k€342k▼
Land and buildings22€435k€332k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€1k€286▼
Financial fixed assets28-€250
Current assets29/58€101k€107k▲
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€400€5k▲
Other amounts receivable41€13k€12k▼
Cash at bank and in hand54/58€85k€84k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€929k€807k▼
Equity10/15€295k€389k▲
Contributions10/11€3k€3k=
Reserves13€115k€102k▼
Tax-exempt reserves132€115k€102k▼
Profit (loss) carried forward14€177k€284k▲
Provisions and deferred taxes16€38k€34k▼
Deferred taxes168€38k€34k▼
Amounts payable17/49€595k€384k▼
Amounts payable after more than one year17€454k€339k▼
Financial debts170/4€454k€339k▼
Amounts payable within one year42/48€141k€45k▼
Current portion of amounts payable after more than one year42€85k€25k▼
Trade debts44€8k€6k▼
Suppliers440/4€8k€6k▼
Taxes, remuneration and social security45€48k€14k▼
Taxes450/3€48k€14k▼
Income statement
Code20242025
Non-recurring operating income76A-€35k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€48k▲
Other operating charges640/8€20k€6k▼
Gross operating margin9900€174k€218k▲
Operating profit (loss)9901€110k€164k▲
Financial income75/76B€5€3▼
Recurring financial income75€5€3▼
Financial charges65/66B€32k€27k▼
Recurring financial charges65€32k€27k▼
Profit (loss) for the period before taxes9903€77k€138k▲
Transfer from deferred taxes780€5k€4k▼
Income taxes67/77€34k€44k▲
Profit (loss) for the period9904€48k€98k▲
Transfer from tax-exempt reserves789€14k€13k▼
Profit (loss) for the period to be appropriated9905€61k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€288k▲
Profit (loss) brought forward from the previous period14P€115k€177k▲
Transfer from equity791/2€0-
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (17 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 2.38
Current ratio from 0.72 to 2.38; short-term debt falls from €141k to €45k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €200kEq €295k ▲109%
2 profitable years in a row build equity to €295k.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 220 days late
2022
31-12
Financial
Back to profitnet €148k
Net result €148k after one loss-making year.
31-12
Financial
Equity above €100kEq €141k
Equity rises from €-6k to €141k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Geetbets · 2 establishment units since 2020
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.
Ketelstraat 673454 GeetbetsGround area
5,605 m²
Building footprint
176 m²
Volume, LiDAR
727 m³
2 parcels, Flanders, Wallonia · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
MG BOUW
since 20202.311.192.274
Camping Les Murets
since 20232.357.943.207
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032A0411/00X000 | Wallonia | 5,123 m² | 1 · 78 m² | 5.3 m · 1 fl. |
| 24095F0124/00P000 | Flanders | 482 m² | 1 · 98 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEsneux2.357.943.207
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Of 3,988 companies in sector 43310 we hold annual accounts for 1,738. 1,114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2020
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
55300Accommodation
43320Joinery installation
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@meekers.be
E-mail:mihai_gornea@yahoo.com