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MG WORKKING

Active
Private limited companyfounded 2019active for 7 yearsPaalseweg 59, 3980 Tessenderlo-Ham, BelgiumKBO/BCE: BE 0733.709.483
Summary

The computed 12-month bankruptcy probability of MG WORKKING is 4.2% (elevated). The annual accounts of MG WORKKING for financial year 2025 show a net loss of 58% of total assets. The 2025 annual accounts show equity of €62,323 and a net result of -€110,652. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 53% of 16,782 sector peers (NACE 68, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Development of residential building projects
NACE 68121
2 sites
Size
€191,435total assets 2025
Equity
€62,323
Loss
-€110,652
Turnover not published (micro format)
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.2%
Structure
Accounts filed 66 days late0 of 2 deeds read
Why 47raises riskLatest accounts 66 days late; 3 of the last 3 lateLiquidity: current ratio 1.46Loss of €110,652 (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 27% of its sector peers (NACE 68, micro)
Financial strength · tick = 2023
Weak
Solvency 58-28
equity 32.6% of total assets
Liquidity 33-35
short-term debt 63.8%
Profitability 0-92
return on assets -57.8%
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,566 companies, NACE 68, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.2%▼ -0.3 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%▲ +0.2 percentage points vs 08-2025 10-2025: 1.1%▲ +0.5 percentage points vs 09-2025 11-2025: 1.2%▲ +0.1 percentage points vs 10-2025 12-2025: 1.6%▲ +0.4 percentage points vs 11-2025 01-2026: 2.4%▲ +0.8 percentage points vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.6%▲ +0.2 percentage points vs 02-2026 04-2026: 2.3%▼ -0.3 percentage points vs 03-2026 05-2026: 2.3%● unchanged vs 04-2026 06-2026: 2.2%▼ -0.1 percentage points vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 3.3%▲ +1.1 percentage points vs 07-2026 09-2026: 3.3%● unchanged vs 08-2026 10-2026: 4.2%▲ +0.9 percentage points vs 09-2026highest value
Credit of up to €2,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.46, compared with 2.56 in 2023, below the usual 1.5; short-term debt: 63.8% of total assets), and 67.4% of the assets are financed with debt and provisions.
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 68, micro): better than 51% on solvency, 25% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 14-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 66 days late; 3 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.46
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Loss of €110,652 (financial year 2025)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-10-2026, 66 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
66 days late
2023
55 days late
2022
44 days late
2021
31 days late
2020
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 45 days after the deadline; the sector median (NACE 68) for financial year 2023 is 5 days before the deadline, and 38% 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 13 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€110,652
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Caution: Among the weakest 5% on net resultsector median €6,038 · 16,772 companies -€110,652 View
  • Caution: Latest accounts filed lateafter the legal deadline 66 days View
  • Total assets 20255 financial years filed €191,435 View

By topic

Financials

Financial year
2025
Total assets
€191,435
Loss
-€110,652
Solvency
32.6%
Total assets▼ 27.7%
Net result
20202025
Go to Financials

Timeline

Events
8
Since
2021
Next accounts
by 31-07-2027
  1. 31-12-2023Equity above €150,000
  2. 13-09-2023Annual accounts filed
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
04-09-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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