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MG BOUW

Active
Private limited companyfounded 2020active for 5 yearsKetelstraat 67, 3454 Geetbets, BelgiumKBO/BCE: BE 0759.519.896
Summary

MG BOUW has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389,457 and a net result of €97,813. Equity has been growing by about 39% per year since 2021. Its solvency ranks better than 52% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 07-12-2020 Normal situation
Activity
Plastering work NACE 43310and 5 others
Establishment units
2.311.192.274 3454 Geetbets, since 07-12-2020
2.357.943.207 4130 Esneux, since 01-07-2023
Financial year end
31 December
Peppol
Reachable since 03-10-2025

Board and ownership

Board
  • Gornea MihaiDirector
Shareholders
  • Liesbeth Leclèreannual accounts 2022
  • Mihai Gorneaannual accounts 2022

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€217,633
▲ 25.1%
Turnover
≈ €720,000
estimated
Profit
€97,813
▲ 105%
Equity
€389,457
▲ 32.0%
Total assets
€807,492
▼ 13.0%
Score breakdownraises riskFounded in 2020Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €807,492Figures for financial year 2025 (filed on 28-07-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 64% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 73+16
equity 48.2% of total assets
Liquidity 63+5
short-term debt 5.6% · cash 10.4%
Profitability 84+19
return on assets 12.1%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.6%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -1.2 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.38 (0.72 in 2024), above the usual 1.5. Short-term debt is 5.6% and cash 10.4% of total assets. However, 51.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, micro). It does better than 52% of them on solvency, 61% on liquidity, 67% on profitability and 76% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €807,492
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Figures for financial year 2025 (filed on 28-07-2026)
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
3 days early
2024
27 days late
2023
31 days early
2022
3 days late
2021
220 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 43 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 3 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €47,684 to €97,813 ▲ 105% View
  • Positive: Higher net result than 95% of companies in specialised constructionsector median €10,221 · 34,933 companies €97,813 View

Recent changes

  1. · Gazette deed Merger: MG BOUW takes over CAMPING LES MURETSPermanent representative: GORNEA Mihai
  2. · Gazette deed Merger proposal: MG Bouw takes over Camping Les Murets
  3. · Gazette deed Registered office moved from Nieuwerkerken to Rummen
All 14 events

Comparable companies

These companies have the same main activity as MG BOUW: plastering work (NACE 43310). They are comparable in size and age: total assets between €601,000 and €980,000, founded between 2019 and 2022.

CompanyTotal assetsGross margin
MG BOUW Geetbets€807,492€217,633
I&J Hoogstraten€979,610€193,582
KD PLAFONNAGE Flobecq€600,572€243,020
Idéal Chauffage SRL Tournai€725,964€300,285
DOROP Aalst€783,113€138,610
GEVELS IN STIJL Laarne€694,191€154,163
ID EE Construction Bastogne€823,532€310,075
Full comparison

Key facts about MG BOUW

What is the company number of MG BOUW?
The company number of MG BOUW is 0759.519.896. The VAT number is the same number with BE in front: BE 0759.519.896.
Where is MG BOUW based?
The registered office is at Ketelstraat 67, 3454 Geetbets.Company details
What does MG BOUW do?
According to the KBO register, the main activity is plastering work (NACE 43310).
What is the legal form of MG BOUW?
The legal form of MG BOUW is Private limited company (BV).
When was MG BOUW founded?
MG BOUW was founded on 07-12-2020.
Is MG BOUW still active?
Yes, MG BOUW is an active enterprise in the KBO register.
What is the turnover of MG BOUW?
The turnover in financial year 2025 is ≈ €720,000. This figure is estimated from the gross margin of €217,633 and 62 comparable companies (NACE 433). It probably lies between €510,000 and €1.1m.Financials
Is MG BOUW profitable?
In financial year 2025, MG BOUW made a profit of €97,813.
Where can I find the annual accounts of MG BOUW?
MG BOUW filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MG BOUW due?
MG BOUW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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