MGG CONSTRUCT
Annual accounts 2025
abbreviated format, filed on 31-10-2026, 92 days late€244,781
▼ 29.9%
-€7,801
▼ €9,134
€133
▼ 98.5%
-€579
▼ €8,352
76.0%
▼ 6.0 percentage points
3.54
▼ 8.29
Money flows
of every €100 of turnover, €3.48 was lost in 2025Balance sheet
balance sheet total €50,352 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
76.0%
Higher than 85% of 2,818 companies in 2025.
3.54
Higher than 81% of 2,746 companies in 2025.
-16.9%
Higher than 8% of 2,782 companies in 2025.
MGG CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
50,352 | 57,050 | 109,032 | 60,516 | 70,102 | 54,534 | 48,557 | 35,438 | 32,959 | 31,450 | 28,220 | 40,278 | 21,984 | |
21/28 |
7,519 | 11,994 | 11,715 | 16,670 | 21,625 | 2,522 | 8,497 | 12,131 | 6,426 | 3,565 | 5,463 | 3,489 | 9,382 | |
22/27 |
6,638 | 11,114 | 10,834 | 15,789 | 20,745 | 1,641 | 7,616 | 11,250 | 5,546 | 3,484 | 5,463 | 3,489 | 9,382 | |
23 |
2,494 | 594 | - | - | - | - | - | - | - | - | 11 | 108 | 206 | |
24 |
4,145 | 10,520 | 10,834 | 15,789 | 20,745 | 1,641 | 7,616 | 11,250 | 5,546 | 3,484 | 5,453 | 3,381 | 9,176 | |
28 |
881 | 881 | 881 | 881 | 881 | 881 | 881 | 881 | 881 | 81 | - | - | - | |
29/58 |
42,833 | 45,056 | 97,318 | 43,846 | 48,476 | 52,012 | 40,060 | 23,307 | 26,533 | 27,885 | 22,757 | 36,789 | 12,602 | |
40/41 |
17,260 | 14,731 | 50,341 | 30,209 | 40,182 | 30,163 | 27,941 | 19,109 | 16,445 | 15,382 | 13,226 | 35,281 | 12,602 | |
40 |
12,151 | 3,538 | 44,740 | 25,021 | 32,820 | 25,141 | 22,700 | 15,292 | 12,718 | 12,000 | 9,060 | 32,009 | 10,667 | |
41 |
5,109 | 11,193 | 5,601 | 5,189 | 7,362 | 5,022 | 5,241 | 3,817 | 3,727 | 3,382 | 4,166 | 3,273 | 1,936 | |
54/58 |
25,573 | 30,325 | 46,977 | 13,636 | 8,294 | 21,849 | 12,120 | 4,198 | 10,088 | 12,503 | 9,531 | 1,507 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
50,352 | 57,050 | 109,032 | 60,516 | 70,102 | 54,534 | 48,557 | 35,438 | 32,959 | 31,450 | 28,220 | 40,278 | 21,984 | |
10/15 |
38,244 | 46,756 | 46,353 | 39,168 | 38,629 | 37,281 | 26,737 | 26,834 | 18,436 | 17,110 | 14,230 | 12,370 | 13,009 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
14 |
30,184 | 38,696 | 38,293 | 31,108 | 30,569 | 29,221 | 18,677 | 18,774 | 10,376 | 9,050 | 6,170 | 4,310 | 4,949 | |
17/49 |
12,108 | 10,293 | 62,679 | 21,347 | 31,473 | 17,253 | 21,820 | 8,604 | 14,524 | 14,340 | 13,990 | 27,907 | 8,975 | |
17 |
- | 6,484 | 11,556 | 16,530 | 21,406 | - | - | - | - | - | - | - | - | |
170/4 |
- | 6,484 | 11,556 | 16,530 | 21,406 | - | - | - | - | - | - | - | - | |
42/48 |
12,108 | 3,810 | 51,123 | 4,818 | 10,067 | 16,853 | 21,420 | 8,204 | 14,524 | 14,340 | 13,990 | 27,907 | 8,975 | |
42 |
1,309 | - | - | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 992 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 992 | |
44 |
9,134 | 3,346 | 44,921 | 3,535 | 4,777 | 12,321 | 14,311 | 2,191 | 6,099 | 10,192 | 12,614 | 20,883 | - | |
440/4 |
9,134 | 3,346 | 44,921 | 3,535 | 4,777 | 12,321 | 14,311 | 2,191 | 6,099 | 10,192 | 12,614 | 20,883 | - | |
45 |
165 | 463 | 2,356 | 1,283 | 3,830 | 3,377 | 4,670 | 3,570 | 7,450 | 3,650 | 1,300 | 6,976 | 6,620 | |
450/3 |
165 | 463 | 2,356 | 580 | 3,830 | 3,377 | 2,670 | 3,570 | 2,350 | 2,750 | 1,300 | 3,126 | 2,840 | |
454/9 |
- | - | - | 702 | - | - | 2,000 | - | 5,100 | 900 | - | 3,850 | 3,780 | |
47/48 |
1,500 | - | 3,846 | - | 1,460 | 1,155 | 2,438 | 2,442 | 974 | 498 | 76 | 48 | 1,363 | |
492/3 |
- | - | - | - | - | 400 | 400 | 400 | - | - | - | - | - | |
| Income statement | ||||||||||||||
70 |
244,781 | 349,227 | 260,286 | 209,339 | 163,898 | 158,282 | - | - | - | - | - | - | - | |
9900 |
1,794 | 10,080 | 22,098 | 7,575 | 8,220 | 21,035 | 10,849 | 20,660 | 9,283 | 9,081 | 11,547 | 6,524 | 22,513 | |
60/61 |
244,925 | 341,035 | 256,475 | 202,052 | 156,087 | 139,023 | - | - | - | - | - | - | - | |
630 |
7,934 | 7,370 | 4,955 | 4,955 | 5,674 | 5,975 | 8,558 | 7,296 | 5,689 | 3,116 | 6,204 | 5,893 | 8,394 | |
631/4 |
- | - | 4,930 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,661 | 1,376 | 1,304 | 1,157 | 602 | 1,344 | 1,079 | 1,837 | 690 | 1,503 | 1,998 | 754 | 1,513 | |
9901 |
-7,801 | 1,333 | 10,909 | 1,462 | 1,944 | 13,716 | 1,211 | 11,527 | 2,905 | 4,461 | 3,344 | -123 | 12,605 | |
75/76B |
- | - | 4 | 2 | 1 | - | - | - | - | - | - | - | 24 | |
75 |
- | - | 4 | 2 | 1 | - | - | - | - | - | - | - | 24 | |
65/66B |
712 | 391 | 1,372 | 1,204 | 144 | 216 | 1,343 | 468 | 757 | 120 | 87 | 230 | 2,974 | |
65 |
712 | 391 | 1,372 | 1,204 | 144 | 216 | 1,343 | 468 | 757 | 120 | 87 | 230 | 2,974 | |
9903 |
-8,513 | 942 | 9,541 | 259 | 1,801 | 13,500 | -132 | 11,059 | 2,148 | 4,341 | 3,257 | -353 | 9,655 | |
67/77 |
- | 538 | 2,356 | -280 | 454 | 2,956 | -35 | 2,661 | 822 | 1,461 | 1,397 | 286 | 2,846 | |
9904 |
-8,513 | 404 | 7,185 | 539 | 1,348 | 10,544 | -97 | 8,398 | 1,326 | 2,880 | 1,860 | -639 | 6,809 | |
9905 |
-8,513 | 404 | 7,185 | 539 | 1,348 | 10,544 | -97 | 8,398 | 1,326 | 2,880 | 1,860 | -639 | 6,809 | |
| Appropriation of the result | ||||||||||||||
9906 |
30,184 | 38,696 | 38,293 | 31,108 | 30,569 | 29,221 | 18,677 | 18,774 | 10,376 | 9,050 | 6,170 | 4,310 | 6,809 | |
14P |
38,696 | 38,293 | 31,108 | 30,569 | 29,221 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
| Document | ||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 92 days after the deadline. Filed on 31 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00600928.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-10-2026 | 2026-00600928 | |
| 31-12-2024 | micro format | 30-11-2025 | 2025-00576195 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00486690 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00478270 | |
| 31-12-2021 | micro format | 26-09-2022 | 2022-20447903 | |
| 31-12-2020 | micro format | 05-03-2022 | 2022-07200069 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-58500494 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39400296 | |
| 31-12-2017 | full format | 28-09-2018 | 2018-67300243 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65500308 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58700251 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57400074 | |
| 31-12-2013 | full format | 29-09-2014 | 2014-63000298 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 133 | 8,703 | 15,865 | 6,417 | 7,618 | 19,691 | 9,769 | 18,823 | 8,594 | 7,577 | 9,549 | 5,769 | 20,999 | ||
| -579 | 7,774 | 12,140 | 5,495 | 7,021 | 16,519 | 8,461 | 15,694 | 7,015 | 5,996 | 8,064 | 5,254 | 15,203 | ||
| 3,459 | 7,650 | 0 | 0 | 24,777 | 0 | 4,924 | 13,000 | 8,550 | 1,218 | 8,179 | 0 | 17,775 | ||
| -4,752 | -16,653 | 33,341 | 5,342 | -13,555 | 9,729 | 7,922 | -5,890 | -2,415 | 2,972 | 8,023 | - | - | ||
| 30,725 | 41,246 | 46,195 | 39,028 | 38,409 | 35,159 | 18,641 | 15,103 | 12,009 | 13,545 | 8,767 | 8,881 | 3,627 | ||
| -3.2% | 0.4% | 4.2% | 0.7% | 1.2% | 8.7% | - | - | - | - | - | - | - | ||
| 76.0% | 82.0% | 42.5% | 64.7% | 55.1% | 68.4% | 55.1% | 75.7% | 55.9% | 54.4% | 50.4% | 30.7% | 59.2% | ||
| 3.54 | 11.83 | 1.90 | 9.10 | 4.82 | 3.09 | 1.87 | 2.84 | 1.83 | 1.94 | 1.63 | 1.32 | 1.40 | ||
| 0.32 | 0.22 | 1.35 | 0.55 | 0.81 | 0.46 | 0.82 | 0.32 | 0.79 | 0.84 | 0.98 | 2.26 | 0.69 | ||
| -22.3% | 0.9% | 15.5% | 1.4% | 3.5% | 28.3% | -0.4% | 31.3% | 7.2% | 16.8% | 13.1% | -5.2% | 52.3% | ||
| -16.9% | 0.7% | 6.6% | 0.9% | 1.9% | 19.3% | -0.2% | 23.7% | 4.0% | 9.2% | 6.6% | -1.6% | 31.0% | ||
| 0.19 | 22.24 | 11.56 | 5.33 | 53.05 | - | - | - | - | - | - | - | - | ||
| 18 days | 4 days | 63 days | 44 days | 73 days | 58 days | - | - | - | - | - | - | - | ||
| 14 days | 4 days | 64 days | 6 days | 11 days | 32 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,459 | €7,650 | - | - | €24,777 |
| €7,934 | €7,370 | €4,955 | €4,955 | €5,674 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MGG CONSTRUCT
The operating result for 2025 is a loss of €7,801, after a profit of €1,333 in 2024. It is the lowest result since 2013.
Debt's share of the balance-sheet total rises from 18.0% to 24.0%. Equity is lower and debt is higher.