MGA CONSTRUCT

Active

Private limited companyfounded 20206 yrs activeHollestraat 186, 1745 Opwijk, BelgiumKBO/BCE: BE 0744.760.951

The computed 12-month bankruptcy probability of MGA CONSTRUCT is 1.9% (moderate). The 2024 annual accounts show equity of €447k and a net result of €9k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 36376 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

94 / 100

Excellent▼ -6 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability44▼-56

Solvency100▲+2

Growth47▼-38

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity ample (current ratio 3.05 against 2.34 in 2023), and 32.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-11-2025, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

105 d late

2023

141 d late

2022

94 d late

2021

255 d late

2020

108 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€143k▼ 68.4%

2023 · €452k

2020: €138k 2021: €486k 2022: €582k 2023: €452k

2020 → 2024

EBIT margin

9.6%▼ 38.2pp

2023 · 47.9%

2020: 12.8% 2021: 33.1% 2022: 31.5% 2023: 47.9%

2020 → 2024

Net result

€9k▼ 94.7%

2023 · €161k

2020: €13k 2021: €123k 2022: €140k 2023: €161k

2020 → 2024

Working capital

€444k▲ 3.3%

2023 · €430k

2020: €6k 2021: €123k 2022: €263k 2023: €430k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€138k-€486k▲ 254%€582k▲ 19.7%€452k▼ 22.4%€143k▼ 68.4%

Equity€14k-€137k▲ 872%€277k▲ 102%€438k▲ 58.1%€447k▲ 1.9%

Operating result€18k-€161k▲ 816%€184k▲ 14.0%€216k▲ 17.9%€14k▼ 93.6%

Net result€13k-€123k▲ 838%€140k▲ 13.6%€161k▲ 15.2%€9k▼ 94.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 94% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €663k

99.6%

Fixed assets €3k▼ 69.0%

Current assets €661k▼ 12.1%

Equity and liabilities €663k

67.4%

32.6%

Equity €447k▲ 1.9%

Debt €216k▼ 32.7%

The debt ratio falls from 42.3% to 32.6%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▼

2023 · €226k

Cash flow

€14k▼

2023 · €171k

Solvency

67.4%▲

2023 · 57.7%

Current ratio

3.05▲

2023 · 2.34

Quick ratio

2.95▲

2023 · 2.34

Debt / equity

0.48▼

2023 · 0.73

ROE

1.9%▼

2023 · 36.8%

ROA

1.3%▼

2023 · 21.2%

Interest coverage

7.95▼

2023 · 290.48

Debt

€216k▼

2023 · €322k

Debt ≤ 1 year

€216k▼

2023 · €322k

Income taxes

€3k▼

2023 · €54k

Staff costs

€36k▲

2023 · €22k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€760k€663k▼

Fixed assets21/28€8k€3k▼

Tangible fixed assets22/27€8k€3k▼

Plant, machinery and equipment23€3k€1k▼

Furniture and vehicles24€5k€1k▼

Current assets29/58€751k€661k▼

Stocks and contracts in progress3-€21k

Stocks30/36-€21k

Amounts receivable within one year40/41€740k€637k▼

Trade receivables40€377k€322k▼

Other amounts receivable41€363k€314k▼

Cash at bank and in hand54/58€9k€805▼

Deferred charges and accrued income490/1€2k€2k=

Equity and liabilities

Total equity and liabilities10/49€760k€663k▼

Equity10/15€438k€447k▲

Contributions10/11€1k€1k=

Profit (loss) carried forward14€437k€446k▲

Amounts payable17/49€322k€216k▼

Amounts payable within one year42/48€322k€216k▼

Trade debts44€146k€67k▼

Suppliers440/4€146k€67k▼

Taxes, remuneration and social security45€175k€150k▼

Taxes450/3€173k€140k▼

Remuneration and social security454/9€3k€10k▲

Income statement Code20232024

Turnover70€452k€143k▼

Non-recurring operating income76A€23k€25k▲

Goods, raw materials, services and sundry goods60/61€226k€110k▼

Remuneration, social security and pensions62€22k€36k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€6k▼

Other operating charges640/8€651€2k▲

Gross operating margin9900€249k€57k▼

Operating profit (loss)9901€216k€14k▼

Financial income75/76B€1€272▲

Recurring financial income75€1€272▲

Financial charges65/66B€779€2k▲

Recurring financial charges65€779€2k▲

Profit (loss) for the period before taxes9903€216k€12k▼

Income taxes67/77€54k€3k▼

Profit (loss) for the period9904€161k€9k▼

Profit (loss) for the period to be appropriated9905€161k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€437k€446k▲

Profit (loss) brought forward from the previous period14P€276k€437k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

2025

13-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 105 days late

2024

31-12

Financial Weakest financial yearnet €9k ▼94.7%

Net result drops to €9k, the lowest in the series.

19-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 141 days late

2023

31-12

Financial Highest result since 2020net €161k ▲15.2%

Operating result €216k, net result €161k, both a record.

02-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 94 days late

12-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 255 days late

2022

31-12

Financial Equity above €200kEq €277k ▲102%

3 profitable years in a row build equity to €277k.

2021

31-12

Financial Liquidity doublescurrent ratio 2.26

Current ratio from 1.09 to 2.26.

31-12

Financial Equity above €100kEq €137k ▲872%

2 profitable years in a row build equity to €137k.

16-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 108 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Opwijk · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Hollestraat 1861745 Opwijk

Ground area

539 m²

Building footprint

146 m²

Volume, LiDAR

794 m³

Parcel 23060D0111/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MGA CONSTRUCT

Hollestraat 186, 1745 OpwijkRepair, maintenance and installation of machinery and equipment

since 20202.300.293.434

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23060D0111/00S000	Flanders	539 m²	1 · 146 m²	8.1 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

C.B. CONSTRUCTION

BE 0876.221.190

Fexhe-le-Haut-Clocher · Eq €447k

BOUWWERKEN CHRIS WILLAERT - DESPLENTER

Sint-Genesius-Rode · Eq €446k

Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 9,574 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-03-2020

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43350Other building finishing work

43240Other construction installation

43299Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.