MJG Construct
ActiveSummary
The computed 12-month bankruptcy probability of MJG Construct is 2.5% (moderate). The 2025 annual accounts show equity of €4k and a net result of €978. Equity is shrinking by ~223.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 35% of 7500 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+56
Solvency54▲+5
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
21 d late
2024
12 d late
2023
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€48k
EBIT margin
6.8%
Net result
€978
2024 · €-18k
2023: €16khighest in 3 years
2024: €-18k▼ -214% vs 2023lowest in 3 years
2025: €978▲ +105% vs 2024
2023 → 2025
Working capital
€-481▲ 85.1%
2024 · €-3k
2023: €12khighest in 3 years
2024: €-3k▼ -126% vs 2023lowest in 3 years
2025: €-481▲ +85.1% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€48k
Equity€21k-€3k▼ 86.4%€4k▲ 34.9%
2023: €21khighest in 3 years
2024: €3k▼ -86.4% vs 2023lowest in 3 years
2025: €4k▲ +34.9% vs 2024
Operating result€22k-€-15k€3k
2023: €22khighest in 3 years
2024: €-15k▼ -169% vs 2023lowest in 3 years
2025: €3k▲ +121% vs 2024
Net result€16k-€-18k€978
2023: €16khighest in 3 years
2024: €-18k▼ -214% vs 2023lowest in 3 years
2025: €978▲ +105% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13k
Fixed assets
€4k ▼ 29.4%
Current assets
€9k ▲ 50.5%
Equity and liabilities €13k
Equity
€4k ▲ 34.9%
Debt
€9k ▲ 2.2%
Debt's share of the balance-sheet total falls from 76.4% to 71.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €-13k
Cash flow
€3k▲
2024 · €-16k
Current ratio
0.95▲
2024 · 0.64
Debt to equity
2.46▼
2024 · 3.24
ROE
25.9%▲
2024 · -637.6%
ROA
7.5%▲
2024 · -150.3%
Interest coverage
2.61▲
2024 · -5.70
Debt ≤ 1 year
€9k▲
2024 · €9k
Income taxes
€150▼
2024 · €160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12k€13k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€6k€9k▲
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40€1k€6k▲
Other amounts receivable41€2k€564▼
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€562€56▼
Equity and liabilities
Total equity and liabilities10/49€12k€13k▲
Equity10/15€3k€4k▲
Contributions10/11€5k€5k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€-18k€-17k▲
Amounts payable17/49€9k€9k▲
Amounts payable within one year42/48€9k€9k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€88€2k▲
Income statement
Code20242025
Turnover70-€48k
Goods, raw materials, services and sundry goods60/61-€42k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€406€202▼
Gross operating margin9900€-13k€6k▲
Operating profit (loss)9901€-15k€3k▲
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-18k€1k▲
Income taxes67/77€160€150▼
Profit (loss) for the period9904€-18k€978▲
Profit (loss) for the period to be appropriated9905€-18k€978▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-17k▲
Profit (loss) brought forward from the previous period14P-€-18k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €48k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €42k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €816 | €2k | €2k | ▲ 0.9% |
| Other operating charges640/8 | €434 | €406 | €202 | ▼ 50.2% |
| Gross operating margin9900 | €23k | €-13k | €6k | ▲ 146% |
| Operating profit (loss)9901 | €22k | €-15k | €3k | ▲ 121% |
| Financial income75/76B | €0 | €9 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €9 | €0 | ▼ 100% |
| Financial charges65/66B | €467 | €2k | €2k | ▼ 6.4% |
| Recurring financial charges65 | €467 | €2k | €2k | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €22k | €-18k | €1k | ▲ 106% |
| Income taxes67/77 | €6k | €160 | €150 | ▼ 6.1% |
| Profit (loss) for the period9904 | €16k | €-18k | €978 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €16k | €-18k | €978 | ▲ 105% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €12k | €13k | ▲ 9.9% |
| Fixed assets21/28 | €8k | €6k | €4k | ▼ 29.4% |
| Tangible fixed assets22/27 | €8k | €6k | €4k | ▼ 29.4% |
| Plant, machinery and equipment23 | €3k | €2k | €1k | ▼ 35.2% |
| Furniture and vehicles24 | €5k | €4k | €3k | ▼ 26.7% |
| Current assets29/58 | €26k | €6k | €9k | ▲ 50.5% |
| Amounts receivable within one year40/41 | €18k | €3k | €7k | ▲ 136% |
| Trade receivables40 | €16k | €1k | €6k | ▲ 381% |
| Other amounts receivable41 | €3k | €2k | €564 | ▼ 64.8% |
| Cash at bank and in hand54/58 | €7k | €2k | €2k | ▼ 21.6% |
| Deferred charges and accrued income490/1 | €1k | €562 | €56 | ▼ 90.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €12k | €13k | ▲ 9.9% |
| Equity10/15 | €21k | €3k | €4k | ▲ 34.9% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €16k | €16k | €16k | = |
| Distributable reserves133 | €16k | €16k | €16k | = |
| Profit (loss) carried forward14 | - | €-18k | €-17k | ▲ 5.5% |
| Amounts payable17/49 | €14k | €9k | €9k | ▲ 2.2% |
| Amounts payable within one year42/48 | €14k | €9k | €9k | ▲ 2.2% |
| Trade debts44 | €8k | €2k | €3k | ▲ 31.7% |
| Suppliers440/4 | €8k | €2k | €3k | ▲ 31.7% |
| Taxes, remuneration and social security45 | €6k | €7k | €4k | ▼ 39.6% |
| Taxes450/3 | €6k | €6k | €1k | ▼ 82.4% |
| Remuneration and social security454/9 | - | €1k | €3k | ▲ 220% |
| Other amounts payable47/48 | - | €88 | €2k | ▲ 2,741% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €-18k | €978 | ▲ 105% |
| + Depreciation and write-downs630 | €816 | €2k | €2k | ▲ 0.9% |
| Operating cash flow (approximation) | €16k | €-16k | €3k | ▲ 121% |
| Investment in fixed assets (approximation) | - | €0 | €-569 | - |
| Change in cash | - | €-5k | €-512 | ▲ 88.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €978
Net result €978 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lommel · 1 establishment unit since 2023
Ground area
379 m²
Building footprint
99 m²
Volume, LiDAR
711 m³
Parcel 72020C0847/00N002, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MJG Construct
since 20232.343.857.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C0847/00N002 | Flanders | 379 m² | 1 · 99 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 5,397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43211General electrical installation work
43320Joinery installation
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.