MG Spirit
ActiveSummary
The annual accounts of MG Spirit for financial year 2025 show a net loss of 57% of total assets. The 2025 annual accounts show equity of €10,218 and a net result of -€9,137. Equity has been growing by about 24% per year since 2021. Its solvency ranks better than 75% of 17,149 sector peers (NACE 68, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 29-01-2020 Normal situation
- Activity
- Development of residential building projects NACE 68121and 8 others
- Establishment unit
- 2.299.796.754 6181 Courcelles, since 29-01-2020
- Financial year end
- 31 March
- Peppol
- Reachable since 27-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- -€4,667
- Loss
- €9,137
- Equity
- €10,218
- ▼ 47.2%
- Total assets
- €16,031
- ▼ 42.1%
- 2026 accounts not filed, 3 days past the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFigures for financial year 2025 (filed on 31-10-2025)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 2.38, cash €6,566, halvedSize: total assets €16,031Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 74% of them on solvency, 88% on liquidity, 4% on profitability and 12% 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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Signals
The company filed its last 5 accounts on average 2 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
- · Gazette deed Company renamed from VENDRE SANS AGENCE to MG SpiritRegistered office moved from Nivelles to Courcelles · New seat: 6181 Courcelles (Gouy-lez-Piéton) – rue Francisco Ferrer, 44/1/3 · Previous seat: 1400 Nivelles, rue de l'Industrie, 20
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MG Spirit: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €15,900 and €20,900, founded between 2018 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| MG Spirit Courcelles | €16,031 | -€4,667 |
| SI-BOUW Wevelgem | €20,096 | -€11,438 |
| WEKA CONSTRUCT Oostende | €20,619 | -€1,022 |
| AUBAN Fernelmont | €20,477 | -€3,796 |
| NOMAD Halle | €18,056 | -€7,692 |
| SAFITOP Juprelle | €15,944 | -€3,708 |
| T&S Projects Oudenaarde | €20,894 | -€3,702 |
Key facts about MG Spirit
- What is the company number of MG Spirit?
- The company number of MG Spirit is 0742.669.810. The VAT number is the same number with BE in front: BE 0742.669.810.
- Where is MG Spirit based?
- The registered office is at Rue Francisco Ferrer(GY) 44/1/3, 6181 Courcelles.Company details
- What does MG Spirit do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MG Spirit?
- The legal form of MG Spirit is Private limited company (BV).
- When was MG Spirit founded?
- MG Spirit was founded on 29-01-2020.
- Is MG Spirit still active?
- Yes, MG Spirit is an active enterprise in the KBO register.
- What is the turnover of MG Spirit?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MG Spirit profitable?
- In financial year 2025, MG Spirit made a loss of €9,137.
- Where can I find the annual accounts of MG Spirit?
- MG Spirit filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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