Turnover
€244,781 ▼ 29.9%
Turnover fell in 2025 from €349,227 to €244,781.
MGG CONSTRUCT
Lifetime
13 annual accounts with figures on one time axispeak €22,513 (2013)
€1,794▼ 82.2%
lowest -€8,513 (2025)
-€8,513▼ €8,917
peak €46,756 (2024)
€38,244▼ 18.2%
€12,108▲ 17.6%
Board2 names since 2021
1 directorFURTADO DE OLIVEIRA REGINALDO
Documentsfilings and deeds
31-10-202692 days late
2025abbreviated format
Turnover from €349,227 to €244,781Gross margin from €10,080 to €1,794Loss of €8,513Equity from €46,756 to €38,244Debts from €10,293 to €12,108
Key points
from the 2025 annual accountsChecked score
56
Fair
Financially stronger than 54% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
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 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.9%▲ +0.1 percentage points vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 2.0%▲ +0.1 percentage points vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 2.9%▲ +0.9 percentage points vs 07-2025
09-2025: 3.6%▲ +0.7 percentage points vs 08-2025
10-2025: 5.6%▲ +2.0 percentage points vs 09-2025
11-2025: 5.6%● unchanged vs 10-2025
12-2025: 7.2%▲ +1.6 percentage points vs 11-2025highest value
01-2026: 1.7%▼ -5.5 percentage points vs 12-2025
02-2026: 1.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.9%▼ -0.7 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026lowest value
08-2026: 1.0%▲ +0.2 percentage points vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026
10-2026: 1.5%▲ +0.4 percentage points vs 09-2026
11-2026: 1.1%▼ -0.4 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 92 days late; 3 of the last 3 accounts late
Loss of €8,513 (financial year 2025)
lowers risk
Liquidity: current ratio 3.54, cash €25,573
Equity €38,244 (76.0% of total assets)
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 41, micro). It does better than 92% of them on solvency, 91% on liquidity, 12% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as MGG CONSTRUCT has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MGG CONSTRUCT itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,805 companies, not a prediction for MGG CONSTRUCT. 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 of up to €2,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 3.54 (11.83 in 2024), above the usual 1.5. Short-term debt is 24% and cash 50.8% of total assets. 24% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 92 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-10-2026, 92 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 · 10 filingsDeviation from the deadline
2025
92 days late
2024
122 days late
2023
61 days late
2022
60 days late
2021
57 days late
2020
217 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 96 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 (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 1 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847879176
Resignation: DE MESQUITA Rubia (director)
“L’entreprise générale de construction au sens le plus large du terme,maçonnerie,placement…” (deed in French) · Director discharge: DE MESQUITA Rubia · General meeting of 14-02-2024 · Gazette deed
Share transfer · Resignations & appointments
Transfer of shares from Fidalgo Sergio Rodrigo to Furtado de Oliveira Reginaldo · Furtado de Oliveira Reginaldo holds 100 shares · General meeting of 18-04-2018 · Gazette deed
Registered office moved to Zetrud-Lumay
New registered office: Chaussée de Tirlemont, 659 1370 Zetrud-Lumay · Previous registered office: Viaductstraat, 6 - 330 Tienen · Partner: Fidalgo Sergio Rodrigo (active venoot) · General meeting of 01-01-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGG CONSTRUCT Jodoigne | €50,352 | €1,794 | 76.0% | - |
| HISAR GROUP Antwerp | €56,793 | €1,785 | 95.9% | - |
| MERONI Laakdal | €48,845 | €1,566 | 79.6% | - |
| B.B.V. CONSTRUCT Braine-le-Château | €36,869 | €1,554 | 37.8% | - |
| FONTEYNE CONSTRUCTION Namur | €67,772 | €2,192 | -74.9% | - |
| Denies Jeroen Overijse | €50,058 | €2,308 | 84.9% | - |
| Thermo's Jurbise | €36,591 | €2,172 | 94.1% | 0 |
These companies have the same main activity as MGG CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €36,600 and €67,800, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 01-08-2012Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.252.548.9451370 Jodoigne, since 01-08-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Insights on MGG CONSTRUCT
MGG CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €22,513 in 2013 to €1,794 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 MGG CONSTRUCT
- What is the company number of MGG CONSTRUCT?
- The company number of MGG CONSTRUCT is 0847.879.176. The VAT number is the same number with BE in front: BE 0847.879.176.
- Where is MGG CONSTRUCT based?
- The registered office is at Rue Basse Hollande (S.-R.-G.) 12, 1370 Jodoigne.Company details
- What does MGG CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MGG CONSTRUCT?
- MGG CONSTRUCT is a private limited company (BV).
- When was MGG CONSTRUCT founded?
- MGG CONSTRUCT was founded on 01-08-2012.
- Is MGG CONSTRUCT still active?
- Yes, MGG CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of MGG CONSTRUCT?
- The turnover of MGG CONSTRUCT was €244,781 in financial year 2025, according to the filed annual accounts.Financials
- Is MGG CONSTRUCT profitable?
- In financial year 2025, MGG CONSTRUCT made a loss of €8,513.
- Where can I find the annual accounts of MGG CONSTRUCT?
- MGG CONSTRUCT filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MGG CONSTRUCT due?
- MGG CONSTRUCT 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 trust this company with building work.Contractor check 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
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