Result
€77,561 ▲ 571%
The result rose in 2024 from €11,566 to €77,561.
MGD Construct
Overview
Lifetime
2 annual accounts with figures on one time axispeak €97,697 (2024)
€97,697▲ 368%
peak €77,561 (2024)
€77,561▲ 571%
peak €94,127 (2024)
€94,127▲ 468%
€49,456▲ 691%
Board1 name since 2022
1 directorMOTRESCU Gheorghe
Documentsfilings and deeds
20-07-2026476 days late
2024micro format
Gross margin from €20,859 to €97,697Result from €11,566 to €77,561Equity from €16,566 to €94,127Debts from €6,252 to €49,456Cash from €5,383 to €210
Key points
from the 2024 annual accountsAt the same address
20 companies
Position in the sector
€77,561
Higher net result than 94% of companies in construction of buildings. Sector median €7,912 · 9,823 companies.
2025 accounts not filed, 223 days past the deadline2024 figures too old to score
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2024. They are too old for a current score.
Bankruptcy probability: High
Filing: One annual filing is missing
Bankruptcy probability within 12 months
21.2% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 13.1%
01-2025: 13.1%● unchanged vs 12-2024
02-2025: 13.1%● unchanged vs 01-2025
03-2025: 11.1%▼ -2.0 percentage points vs 02-2025lowest value
04-2025: 12.6%▲ +1.5 percentage points vs 03-2025
05-2025: 12.7%▲ +0.1 percentage points vs 04-2025
06-2025: 17.1%▲ +4.4 percentage points vs 05-2025
07-2025: 17.1%● unchanged vs 06-2025
08-2025: 19.1%▲ +2.0 percentage points vs 07-2025
09-2025: 22.6%▲ +3.5 percentage points vs 08-2025highest value
10-2025: 22.6%● unchanged vs 09-2025highest value
11-2025: 22.6%● unchanged vs 10-2025highest value
12-2025: 21.2%▼ -1.4 percentage points vs 11-2025
01-2026: 14.9%▼ -6.3 percentage points vs 12-2025
02-2026: 14.7%▼ -0.2 percentage points vs 01-2026
03-2026: 14.7%● unchanged vs 02-2026
04-2026: 17.3%▲ +2.6 percentage points vs 03-2026
05-2026: 17.3%● unchanged vs 04-2026
06-2026: 17.2%▼ -0.1 percentage points vs 05-2026
07-2026: 17.2%● unchanged vs 06-2026
08-2026: 18.0%▲ +0.8 percentage points vs 07-2026
09-2026: 21.1%▲ +3.1 percentage points vs 08-2026
10-2026: 21.2%▲ +0.1 percentage points vs 09-2026
11-2026: 21.2%● unchanged vs 10-2026
Financial strength, FY 2024Strong
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-08-2025 was due at the National Bank by 31-03-2026. Nothing is on record, 223 days later.
NBB · 2 filingsPosition against the passed deadline
31-08-2025 year end31-03-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 476 days late
The financial year that closed on 31-08-2024 was due by 31-03-2025 and was filed on 20-07-2026, 476 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
476 days late
2023
333 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 405 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0792289466
Registered office moved from Ham to Wemmel
New registered office: 197/0 avenue DR H Follet 1780 Wemmel · Previous registered office: 35, Steenoven, 3945 Ham · General meeting of 01-09-2023 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: MOTRESCU Gheorghe · Appointment: MOTRESCU Gheorghe (director) · published on 13-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGD Construct Wemmel | €143,582 | €97,697 | 65.6% | - |
| EMMA CONSTRUCT Wemmel | €152,776 | €119,579 | 53.2% | - |
| DAG CONSTRUCT Ternat | €152,208 | €91,672 | 28.0% | 1 |
| ICON Façades Kraainem | €138,245 | €94,649 | 90.4% | - |
| Belgis Holds Investments Zaventem | €152,224 | €93,622 | 78.9% | - |
| STAS BUILDING Sint-Pieters-Leeuw | €152,985 | €90,961 | 70.1% | - |
| RENO.K.F. Wezembeek-Oppem | €138,927 | €98,221 | 42.9% | - |
These companies have the same main activity as MGD Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €138,000 and €153,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 11-10-2022Normal situation
- Registered office
- 21 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Financial year end
- 31 August
- Peppol
- Reachable since 16-01-2026
Annual accounts to 31-08-2024
- €97,697▲ 368%
- ≈ €510,000estimated
- €77,561▲ 571%
- €94,127▲ 468%
- €143,582▲ 529%
- Filing
- Filed on 20-07-2026
Insights on MGD Construct
The computed 12-month bankruptcy probability of MGD Construct is 21.2% (high). For MGD Construct, one annual filing is missing.
The 2024 annual accounts show equity of €94,127 and a net result of €77,561. Its solvency ranks better than 75% of 9,833 sector peers (NACE 41, financial year 2024).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 20-07-2026, 476 days late2025 annual accounts not yet filed, deadline passed on 31 March 2026 The financial year closed on 31 August 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
€97,697
▲ 368%
€97,697
▲ 368%
-
-
65.6%
▼ 7.0 percentage points
2.90
▼ 0.75
Money flows
no detail for 2024Balance sheet
balance sheet total €143,582 on 31-08-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
65.6%
Higher than 75% of 9,833 companies in 2024.
2.90
Higher than 74% of 9,553 companies in 2024.
54.0%
Higher than 95% of 9,646 companies in 2024.
MGD Construct
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
143,582 | 22,817 | |
29/58 |
143,582 | 22,817 | |
40/41 |
143,372 | 17,435 | |
40 |
138,658 | 15,571 | |
41 |
4,714 | 1,864 | |
54/58 |
210 | 5,383 | |
| Balance sheet: equity and liabilities | |||
10/49 |
143,582 | 22,817 | |
10/15 |
94,127 | 16,566 | |
10/11 |
5,000 | 5,000 | |
11 |
5,000 | 5,000 | |
1109/19 |
5,000 | 5,000 | |
14 |
89,127 | 11,566 | |
17/49 |
49,456 | 6,252 | |
42/48 |
49,456 | 6,252 | |
44 |
24,006 | 3,302 | |
440/4 |
24,006 | 3,302 | |
45 |
22,450 | 2,950 | |
450/3 |
22,450 | 2,950 | |
47/48 |
3,000 | - | |
| Income statement | |||
70 |
- | 557,180 | |
9900 |
97,697 | 20,859 | |
60/61 |
- | 536,321 | |
9901 |
97,697 | 20,859 | |
65/66B |
636 | 6,344 | |
65 |
636 | 6,344 | |
9903 |
97,061 | 14,516 | |
67/77 |
19,500 | 2,950 | |
9904 |
77,561 | 11,566 | |
9905 |
77,561 | 11,566 | |
| Appropriation of the result | |||
9906 |
89,127 | 11,566 | |
14P |
11,566 | - | |
| Document | |||
Source: Annual accounts 2024 (PDF), filed on 20-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| -5,173 | - | ||
| 94,127 | 16,566 | ||
| - | 3.7% | ||
| 65.6% | 72.6% | ||
| 2.90 | 3.65 | ||
| 0.53 | 0.38 | ||
| 82.4% | 69.8% | ||
| 54.0% | 50.7% | ||
| - | 10 days | ||
| - | 2 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on MGD Construct
The operating result for 2024 is 4.7 times that of 2023.
Debt's share of the balance-sheet total rises from 27.4% to 34.4%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 11-10-2022
term without a fixed end
listed in the 2024 annual accounts, filed on 20-07-2026
1 other company judicially dissolvedMandates through the years
1 name, the dashed line is todayMOTRESCU Gheorghe
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- MOTRESCU Gheorghe
- Director (not named in the articles), from 11-10-2022 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €941 in 2024
- Source
- deed of 13-10-2022
Articles of association
deed of 13-10-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of January at 17:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 13-10-2022 ↗
- MOTRESCU Gheorghe sole founder · 100% at incorporation
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director was judicially dissolved (2024).
- MIMO CONSTRUCT judicial dissolution on 26-07-2024Official Gazetteappointed in 2019, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
MGD Construct has no parent and no holdings in its annual accounts. MOTRESCU Gheorghe is the only director.
At the same address
Dr. H. Folletlaan 197, 1780 Wemmel · 20 other companies| G&G CHÂSSIS
registered office since 30-05-2020 · founded in 2020 · accounts filed late |
total assets €381,198 (2024) 0747.759.934 |
| Solka Construct
registered office since 28-07-2022 · founded in 2022 |
total assets €236,941 (2025) 0788.958.408 |
| G&G Ramen & Deuren
registered office since 14-12-2021 · founded in 2021 |
total assets €206,018 (2025) 0778.623.156 |
| GRG POIENARU
registered office since 13-01-2022 · founded in 2022 |
total assets €177,492 (2025) 0780.411.718 |
| PRO DSC
registered office since 05-02-2024 · founded in 2024 |
total assets €150,564 (2025) 1005.602.463 |
| Z-A RENOV
registered office since 02-11-2023 · founded in 2023 |
total assets €109,142 (2025) 1001.879.544 |
| IONITA CONSTRUCT
registered office since 21-12-2022 · founded in 2022 · accounts filed late |
total assets €84,408 (2024) 0795.170.663 |
| MC JURIDIQUE
establishment since 01-12-2025 · founded in 2022 |
total assets €73,053 (2025) 0786.200.242 |
| CBB CONSTRUCT
registered office since 08-11-2019 · founded in 2019 · accounts filed late |
total assets €62,907 (2024) 0737.535.540 |
| DRAGOS DRC
registered office since 17-02-2023 · founded in 2023 |
total assets €48,970 (2025) 0798.571.603 |
Earlier ties
| Mimo Construct via MOTRESCU Gheorghe, no longer at Mimo Construct · Director · deed of 17-10-2019 No longer active |
total assets €162,367 (2021) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2022Filings
Address
20222023202420252026
2026
Annual accounts 2024 filed PDFmicro format · 476 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0792289466
2025
Annual accounts 2023 filed PDFmicro format · 333 days late
2023
Registered office moved from Ham to WemmelNew registered office: 197/0 avenue DR H Follet 1780 Wemmel · Previous registered office: 35, Steenoven, 3945 Ham · General meeting of 01-09-20232 points ▸
- General meeting, 01-09-2023
- Registered-office move, 197/0 avenue DR H Follet 1780 Wemmel
2022
IncorporationFounding capital of €5,000, 100 shares · Founder: MOTRESCU Gheorghe · Appointment: MOTRESCU Gheorghe (director) · published on 13-10-20224 points ▸
- Founder, MOTRESCU Gheorghe
- Founding capital, euro 5.000, 100 shares
- Registered office clause, Steenoven 35, 3945 Ham
- Director appointment, MOTRESCU Gheorghe (director (not named in the articles))
- The deed holds 1 more point.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MGD Construct was incorporated on 11 October 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Wemmel in 2023.3 Since 2022, MOTRESCU Gheorghe has served as director.4
Company details
Identity
- Enterprise number
- 0792.289.466
- VAT number
- BE 0792.289.466
- Peppol ID
- 0208:0792289466
- Other Peppol ID
- 9925:BE0792289466
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 11-10-2022
- Financial year
- ends on 31 August
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of January at 17:00deed of 13-10-2022 (in Dutch)
- Peppol
- Reachable since 16-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MGD Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-10-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- MGD Constructdeed of 13-10-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-10-2022 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
77291
Rental and leasing activities
81210
General cleaning of buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De uitbating van een algemeen bouwbedrijf omvattende de oprichting,omvorming,verandering,afwerking en renovatie van gebouwen,het reinigen…”deed of 13-10-2022 (in Dutch)
11 activities
- De uitbating van een algemeen bouwbedrijf omvattende de oprichting,omvorming,verandering,afwerking en renovatie van gebouwen,het reinigen van gevels en daken,het uitvoeren van voegwerken,alle timmer- en schrijnwerk,het plaatsen van wand-,vloer- en dakbedekkingen,stellingbouw,plafonneer-,cementeer- en pleisterwerken,grondwerken,terras- en tuinaanleg,rioleringswerken,draine-rings-werken,slopingswerken,lood- en zinkwerken evenals het uitbaten van een onderneming voor het plaatsen van afsluitingen en voor warmte- en geluidsisole-ring,zowel voor de privé als voor de openbare sector en zowel in binnen- als in buitenland.
- De groot- en kleinhandel,in- en uitvoer,verwerking,opslag en transport van alle bouwmaterialen,grondstoffen,machines en werktuigen voor de bouwnijverheid waaronder alle installaties en leidingen voor verwarming,verlichting,watervoorzie-ning,sanitair en luchtbehan-deling ;
- Het uitbaten van een studiebureau voor bouwwerken en immobiliën ;
- Het uitvoeren van alle immobiliënverrichtingen,zoals het aan- en verkopen,huren en verhuren,beheren,promoten,valoriseren en verkavelen van alle onroerende goederen evenals het optreden als makelaar in onroerende goederen met inbegrip van de onroerende leasing ;
- Het waarnemen en uitoefenen van alle beheers- en bestuursopdrachten en mandaten ;
- De handel in,de in- en uitvoer evenals het vervoer en het vervaardigen of laten vervaardigen en het ontwikkelen van alle producten,materialen,grondstoffen,werktuigen,machines en toebehoren die verband houden met de bouw- en construc-tie-nijverheid evenals de uitrusting van gebouwen en binnenhuis-in-rich-ting.
- Het ontwerpen,opmaken en uitwerken van alle studies,plannen en projecten aangaande alle bouwactiviteiten.
- De algemene handelsexploitatie welke zich bezig houdt met alle vervoersactiviteiten zo onder meer expeditieactiviteiten,verhuizingen,los- en laadoperaties van vrachtwagens,spoorwagens,lichters,laadkisten en schepen ; het vervullen van alle noodzakelijke douaneformaliteiten zowel voor import als voor export,het controleren,tellen,meten en wegen van koopwaren,het inslaan,conditioneren,verpakken,stockeren,overslaan,het in consignatie geven en nemen en distribueren van goederen,alsook het nemen van stalen,het expertiseren van goederen en het behandelen van goederen in het algemeen.
- Het vervoeren van goederen of passagiers,het organiseren van alle transport over de weg,met het spoor,te water of via de luchtwegen,zowel nationaal als internationaal.
- Het huren en verhuren van alle soorten voertuigen en machines,met of zonder chauffeur.
- Het bezoldigd personen- en goederenvervoer ; de uitbating van vergunningen betreffende gezegd vervoer.
Registered office and establishments
| Dr. H. Folletlaan 197 registered office 1780 Wemmel |
1 former office
- 35, Steenoven, 3945 Ham until 01-09-2023 · deed of 27-12-2023
Buildings and parcels at the address
- Ground area
- 199 m²
- Buildings
- 98 m²
- Volume, LiDAR
- 670 m³
- Tallest building
- 11.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 22662B0604/00X000 | 199 m² | 1 · 98 m² | 11.3 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0792.289.466