Equity
€52,256 ▲ 10.3%
MGP CONSTRUCT has made a profit in every financial year since 2020.
MGP CONSTRUCT
Lifetime
6 annual accounts with figures on one time axispeak €94,172 (2021)
€26,394▼ 71.9%
peak €14,533 (2021)
€4,884▼ 56.5%
peak €52,256 (2025)
€52,256▲ 10.3%
€17,894▼ 76.1%
peak 1 FTE (2020)
-not published
Board2 names since 2020
1 director
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €93,807 to €26,394Result from €11,232 to €4,884Registered office moved from Zaventem to Diegem 06-01Debts from €74,832 to €17,894Cash from €6,198 to €20,899
Key points
from the 2025 annual accountsTurnover
≈ €160,000 estimated
The micro format states no turnover.
Liquidity
3.23 was 1.37 in 2024
Short-term debts fell from €74,374 to €17,894.
Filings
6 annual accounts 5 late
The 2021 accounts came latest: 31 days after the end of the period.
Starting capital
€2,000
At the same address
162 companies
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as MGP CONSTRUCT has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
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 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for MGP 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered office moved within Machelen
New registered office: De Kleetlaan 5 bus BC, 1831 Machelen · Previous registered office: Pegasuslaan 5, 1831 Machelen (Diegem), België · General meeting of 15-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744768869
Registered office moved from Zaventem to Diegem
New registered office: Pegasuslaan 5, 1831 Diegem · Previous registered office: Imperiastraat 8, 1930 Zaventem · Permanent representative: · General meeting of 01-09-2024 · Gazette deed
Resignation: (director)
General meeting of 28-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGP CONSTRUCT Machelen (Brab.) | €70,150 | €26,394 | 74.5% | - |
| AS CONCEPT WINDOWS Kraainem | €66,301 | €24,227 | 33.9% | - |
| Coenen Parket BV Pelt | €79,750 | €27,800 | 76.9% | - |
| SDS Afsluitingen Zoersel | €63,088 | €24,185 | 43.9% | - |
| EDIPS CHASSIS Charleroi | €60,896 | €29,544 | 62.8% | - |
| COREMANS JOHNNY Kortrijk | €59,034 | €26,764 | 74.9% | - |
| DGK Turnhout | €59,824 | €26,172 | -39.4% | - |
These companies have the same main activity as MGP CONSTRUCT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €59,000 and €79,800, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 05-03-2020Normal situation
- Registered office
- 163 active companies are registered at this address10 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Joinery installationNACE 43320and 3 others
- Establishment unit
- 2.304.233.5151831 Machelen (Brab.), since 05-03-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €70,150▼ 42.6%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MGP CONSTRUCT
MGP CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €43,589 in 2020 to €26,394 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 MGP CONSTRUCT
- What is the company number of MGP CONSTRUCT?
- The company number of MGP CONSTRUCT is 0744.768.869. The VAT number is the same number with BE in front: BE 0744.768.869.
- Where is MGP CONSTRUCT based?
- The registered office is at De Kleetlaan 5, 1831 Machelen (Brab.).Company details
- What does MGP CONSTRUCT do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of MGP CONSTRUCT?
- MGP CONSTRUCT is a private limited company (BV).
- When was MGP CONSTRUCT founded?
- MGP CONSTRUCT was founded on 05-03-2020.
- Is MGP CONSTRUCT still active?
- Yes, MGP CONSTRUCT is an active enterprise in the KBO register.
- How many employees does MGP CONSTRUCT have?
- MGP CONSTRUCT had an average of 0.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MGP CONSTRUCT?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €26,394 and 32 comparable companies (NACE 43320). It probably lies between €120,000 and €270,000.
- Is MGP CONSTRUCT profitable?
- In financial year 2025, MGP CONSTRUCT made a profit of €4,884.
- Where can I find the annual accounts of MGP CONSTRUCT?
- MGP CONSTRUCT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MGP CONSTRUCT due?
- MGP CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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