MKG CONSTRUCT
ActiveSummary
MKG CONSTRUCT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,291 and a net result of €11,684. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency47▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.13 in 2024; short-term debt: 71.3% and cash: 14.8% of total assets), and 77.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.4%
Return on assets
5.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
14 d early
2022
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€46,291▲ 33.8%
2024 · €34,607
Total assets
€206,260▲ 3.5%
2024 · €199,295
Net result
€11,684▲ 37.1%
2024 · €8,520
Working capital
€30,110▲ 66.4%
2024 · €18,098
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€1,610-€7,273▲ 352%€12,296▲ 69.1%€16,941▲ 37.8%
Net result€1,034within the sector's middle half-€5,053within the sector's middle half▲ 389%€8,520within the sector's middle half▲ 68.6%€11,684within the sector's middle half▲ 37.1%
Equity€21,034within the sector's middle half-€26,087within the sector's middle half▲ 24.0%€34,607within the sector's middle half▲ 32.7%€46,291within the sector's middle half▲ 33.8%
Total assets€226,736within the sector's middle half-€203,128within the sector's middle half▼ 10.4%€199,295within the sector's middle half▼ 1.9%€206,260within the sector's middle half▲ 3.5%
Debt€205,702-€177,041▼ 13.9%€164,688▼ 7.0%€159,969▼ 2.9%
Working capital€21,034within the sector's middle half-€10,452within the sector's middle half▼ 50.3%€18,098within the sector's middle half▲ 73.2%€30,110within the sector's middle half▲ 66.4%
Solvency9.3%within the sector's middle half-12.8%within the sector's middle half▲ 3.6pp17.4%within the sector's middle half▲ 4.5pp22.4%within the sector's middle half▲ 5.1pp
Current ratio1.10within the sector's middle half-1.07within the sector's middle half▼ 0.031.13within the sector's middle half▲ 0.061.20within the sector's middle half▲ 0.08
Return on assets (ROA)0.5%within the sector's middle half-2.5%within the sector's middle half▲ 2.0pp4.3%within the sector's middle half▲ 1.8pp5.7%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,260
Fixed assets
€29,107 ▼ 22.8%
Current assets
€177,152 ▲ 9.6%
Equity and liabilities €206,260
Equity
€46,291 ▲ 33.8%
Debt
€159,969 ▼ 2.9%
Debt's share of the balance-sheet total falls from 82.6% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,495▲
2024 · €21,390
Cash flow
€22,238▲
2024 · €17,614
Quick ratio
0.21▲
2024 · 0.19
Debt to equity
3.46▼
2024 · 4.76
ROE
25.2%▲
2024 · 24.6%
Interest coverage
226.65▲
2024 · 174.54
Debt ≤ 1 year
€147,043▲
2024 · €143,499
Debt > 1 year
€12,926▼
2024 · €21,189
Income taxes
€5,136▲
2024 · €3,653
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €269 | €9,094 | €10,555 | ▲ 16.1% |
| Other operating charges640/8 | - | €714 | €1,185 | €894 | ▼ 24.5% |
| Gross operating margin9900 | €1,610 | €8,257 | €22,575 | €28,389 | ▲ 25.8% |
| Operating profit (loss)9901 | €1,610 | €7,273 | €12,296 | €16,941 | ▲ 37.8% |
| Financial income75/76B | - | - | €0 | €0 | ▼ 70.0% |
| Recurring financial income75 | - | - | €0 | €0 | ▼ 70.0% |
| Financial charges65/66B | €70 | €148 | €123 | €121 | ▼ 1.0% |
| Recurring financial charges65 | €70 | €148 | €123 | €121 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €1,541 | €7,125 | €12,174 | €16,819 | ▲ 38.2% |
| Income taxes67/77 | €507 | €2,072 | €3,653 | €5,136 | ▲ 40.6% |
| Profit (loss) for the period9904 | €1,034 | €5,053 | €8,520 | €11,684 | ▲ 37.1% |
| Profit (loss) for the period to be appropriated9905 | €1,034 | €5,053 | €8,520 | €11,684 | ▲ 37.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €226,736 | €203,128 | €199,295 | €206,260 | ▲ 3.5% |
| Fixed assets21/28 | - | €44,313 | €37,697 | €29,107 | ▼ 22.8% |
| Tangible fixed assets22/27 | - | €44,313 | €37,697 | €29,107 | ▼ 22.8% |
| Plant, machinery and equipment23 | - | €989 | €633 | €276 | ▼ 56.3% |
| Furniture and vehicles24 | - | €731 | €3,018 | €3,331 | ▲ 10.4% |
| Leasing and similar rights25 | - | €42,593 | €34,046 | €25,500 | ▼ 25.1% |
| Current assets29/58 | €226,736 | €158,815 | €161,597 | €177,152 | ▲ 9.6% |
| Stocks and contracts in progress3 | €133,647 | €133,647 | €134,248 | €145,576 | ▲ 8.4% |
| Stocks30/36 | €133,647 | €133,647 | €134,248 | €145,576 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €75,421 | €6,407 | - | €955 | - |
| Trade receivables40 | €75,421 | €6,407 | - | €955 | - |
| Cash at bank and in hand54/58 | €17,668 | €18,223 | €27,349 | €30,622 | ▲ 12.0% |
| Deferred charges and accrued income490/1 | - | €539 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €226,736 | €203,128 | €199,295 | €206,260 | ▲ 3.5% |
| Equity10/15 | €21,034 | €26,087 | €34,607 | €46,291 | ▲ 33.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €5,000 | €13,400 | €25,000 | ▲ 86.6% |
| Non-distributable reserves130/1 | - | €5,000 | €13,400 | €25,000 | ▲ 86.6% |
| Reserves not available under the articles1311 | - | €5,000 | €13,400 | €25,000 | ▲ 86.6% |
| Profit (loss) carried forward14 | €1,034 | €1,087 | €1,207 | €1,291 | ▲ 6.9% |
| Amounts payable17/49 | €205,702 | €177,041 | €164,688 | €159,969 | ▼ 2.9% |
| Amounts payable after more than one year17 | - | €28,678 | €21,189 | €12,926 | ▼ 39.0% |
| Financial debts170/4 | - | €28,678 | €21,189 | €12,926 | ▼ 39.0% |
| Amounts payable within one year42/48 | €205,702 | €148,363 | €143,499 | €147,043 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €7,489 | €7,489 | €7,974 | ▲ 6.5% |
| Trade debts44 | €70,405 | €4,094 | €203 | €4,172 | ▲ 1,959% |
| Suppliers440/4 | €70,405 | €4,094 | €203 | €4,172 | ▲ 1,959% |
| Taxes, remuneration and social security45 | €1,300 | €6,191 | €5,957 | €11,365 | ▲ 90.8% |
| Taxes450/3 | €1,300 | €4,691 | €4,332 | €9,740 | ▲ 125% |
| Remuneration and social security454/9 | - | €1,500 | €1,625 | €1,625 | = |
| Other amounts payable47/48 | €133,998 | €130,589 | €129,850 | €123,531 | ▼ 4.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,034 | €5,053 | €8,520 | €11,684 | ▲ 37.1% |
| + Depreciation and write-downs630 | - | €269 | €9,094 | €10,555 | ▲ 16.1% |
| Operating cash flow (approximation) | €1,034 | €5,322 | €17,614 | €22,238 | ▲ 26.3% |
| Investment in fixed assets (approximation) | - | - | -€2,479 | -€1,964 | ▲ 20.7% |
| Change in cash | - | €555 | €9,126 | €3,273 | ▼ 64.1% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €11,684 ▲37.1%
Operating result €16,941, net result €11,684, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Sprimont · 1 establishment unit since 2021
Ground area
3,833 m²
Building footprint
269 m²
Parcel 62067B0045/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MKG CONSTRUCT
since 20212.323.963.909
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067B0045/00F000 | Wallonia | 3,833 m² | 1 · 269 m² | - |
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.
Similar companies · same sector, comparable size
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AVIS INVESCO
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,949 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
Founded12-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771283721
Also
9925:BE0771283721
Registered
26-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.