Equity
€165,236 ▲ 98.7%
Equity rose in 2025 from €83,164 to €165,236.
MGDK
Lifetime
3 annual accounts with figures on one time axispeak €119,553 (2025)
€119,553▲ 31.4%
peak €82,072 (2025)
€82,072▲ 32.3%
peak €165,236 (2025)
€165,236▲ 98.7%
€21,673▲ 7.4%
Board1 name since 2023
1 director
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €91,018 to €119,553Result from €62,029 to €82,072Equity from €83,164 to €165,236Cash from €75,198 to €156,289
1 name is hidden.
Create a free account or sign in to see the name.
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The micro format states no turnover.
Investments
€2,366 1.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
8.41 was 4.95 in 2024
Short-term debts rose from €20,183 to €21,673.
Starting capital
€5,000 100 shares
Position in the sector
88.4%
Higher solvency than 90% of companies in real estate. Sector median 28.9% · 17,199 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MGDK has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MGDK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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.
The Checked score is hidden.
Create a free account or sign in to see the score and the bankruptcy probability.
Signals
5 signals are hidden.
Create a free account or sign in to see the signals.
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797441849
Incorporation
Founding capital of €5,000, 100 shares · Founder: (comparant à l’acte constitutif) · Appointment: (director) · published on 24-01-2023 · Gazette deed
First establishment
Aux Quatre Voies 14, Modave
1 name is hidden.
Create a free account or sign in to see the name.
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGDK Modave | €186,909 | €119,553 | 88.4% | - |
| Bouwwerken DL Wingene | €203,094 | €98,646 | 53.2% | - |
| ELVERDI Poperinge | €222,737 | €106,109 | 86.5% | - |
| DE VOLDER - SCHROYENS Berlaar | €198,321 | €81,984 | 64.8% | - |
| Coresult Rotselaar | €214,877 | €106,138 | 77.1% | - |
| Built to Build Bilzen-Hoeselt | €219,433 | €93,841 | 31.0% | - |
| STEYINVEST Nieuwpoort | €178,008 | €75,521 | 29.8% | - |
These companies have the same main activity as MGDK: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €178,000 and €223,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 20-01-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.340.853.1914577 Modave, since 20-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 20-09-2025
Annual accounts 2025
- €186,909▲ 80.9%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on MGDK
MGDK files the micro format. That format states no turnover. The gross margin rose from €26,835 in 2023 to €119,553 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MGDK
- What is the company number of MGDK?
- The company number of MGDK is 0797.441.849. The VAT number is the same number with BE in front: BE 0797.441.849.
- Where is MGDK based?
- The registered office is at Aux Quatre Voies 14, 4577 Modave.Company details
- What does MGDK do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MGDK?
- MGDK is a private limited company (BV).
- When was MGDK founded?
- MGDK was founded on 20-01-2023.
- Is MGDK still active?
- Yes, MGDK is an active enterprise in the KBO register.
- What is the turnover of MGDK?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €119,553 and 49 comparable companies (NACE 681). It probably lies between €160,000 and €400,000.Financials
- Is MGDK profitable?
- In financial year 2025, MGDK made a profit of €82,072.
- Where can I find the annual accounts of MGDK?
- MGDK filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MGDK due?
- MGDK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.