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Mking Group

Active
Private limited companyfounded 20233 yrs activeDrieselstraat 22, 9041 Gent, BelgiumKBO/BCE: BE 0800.347.394
Summary

The computed 12-month bankruptcy probability of Mking Group is 3.2% (moderate). The 2024 annual accounts show equity of €427,100 and a net result of -€19,525. Its solvency ranks better than 51% of 36378 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability32=
Solvency72▼-28
Growth32
Track record94
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.59 in 2023; short-term debt: 15% and cash: 0% of total assets), and 52.7% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
47.3%
Return on assets
-2.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€19,525
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
68 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 April 2023, Mking Group was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€427,100▼ 4.4%
2023 · €446,625
Total assets
€902,085▲ 98.3%
2023 · €454,884
Net result
-€19,525▼ 108%
2023 · -€9,375
Working capital
-€133,321▼ 3,851%
2023 · -€3,375
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€8,531--€2,993▲ 64.9%
Net result-€9,375below the sector's middle half--€19,525below the sector's middle half▼ 108%
Equity€446,625above the sector's middle half-€427,100above the sector's middle half▼ 4.4%
Total assets€454,884above the sector's middle half-€902,085above the sector's middle half▲ 98.3%
Debt€8,259-€474,985▲ 5,651%
Working capital-€3,375below the sector's middle half--€133,321below the sector's middle half▼ 3,851%
Solvency98.2%above the sector's middle half-47.3%within the sector's middle half▼ 50.8pp
Current ratio0.59below the sector's middle half-0.02below the sector's middle half▼ 0.58
Return on assets (ROA)-2.1%below the sector's middle half--2.2%below the sector's middle half▼ 0.1pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€8,531-€8,531Net result 2023: -€9,375-€9,375Operating result 2024: -€2,993-€2,993Net result 2024: -€19,525-€19,52520232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€8,531-€8,530Net result 2023: -€9,375-€9,370Operating result 2024: -€2,993-€2,990Net result 2024: -€19,525-€19,50020232024
The operating result stays negative: a loss of €2,993 in 2024 against €8,531 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €902,085
Fixed assets €900,000 ▲ 100%
Current assets €2,085 ▼ 57.3%
Equity and liabilities €902,085
Equity €427,100 ▼ 4.4%
Debt €474,985 ▲ 5,651%
Debt's share of the balance-sheet total rises from 1.8% to 52.7%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
1.11▲
2023 · 0.02
ROE
-4.6%▼
2023 · -2.1%
Debt ≤ 1 year
€135,406▲
2023 · €8,259
Debt > 1 year
€339,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€454,884€902,085▲
Fixed assets21/28€450,000€900,000▲
Financial fixed assets28€450,000€900,000▲
Current assets29/58€4,884€2,085▼
Amounts receivable within one year40/41€1,648€2,021▲
Other amounts receivable41€1,648€2,021▲
Cash at bank and in hand54/58€3,237€64▼
Equity and liabilities
Total equity and liabilities10/49€454,884€902,085▲
Equity10/15€446,625€427,100▼
Contributions10/11€456,000€456,000=
Profit (loss) carried forward14-€9,375-€28,900▼
Amounts payable17/49€8,259€474,985▲
Amounts payable after more than one year17-€339,578
Financial debts170/4-€339,578
Amounts payable within one year42/48€8,259€135,406▲
Current portion of amounts payable after more than one year42-€58,725
Trade debts44€6,558€684▼
Suppliers440/4€6,558€684▼
Other amounts payable47/48€1,701€75,997▲
Income statement Code20232024
Other operating charges640/8€384€387▲
Gross operating margin9900-€8,146-€2,605▲
Operating profit (loss)9901-€8,531-€2,993▲
Financial charges65/66B€844€16,532▲
Recurring financial charges65€844€16,532▲
Profit (loss) for the period before taxes9903-€9,375-€19,525▼
Profit (loss) for the period9904-€9,375-€19,525▼
Profit (loss) for the period to be appropriated9905-€9,375-€19,525▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,375-€28,900▼
Profit (loss) brought forward from the previous period14P--€9,375

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Other operating charges640/8€384€387▲ 0.8%
Gross operating margin9900-€8,146-€2,605▲ 68.0%
Operating profit (loss)9901-€8,531-€2,993▲ 64.9%
Financial charges65/66B€844€16,532▲ 1,859%
Recurring financial charges65€844€16,532▲ 1,859%
Profit (loss) for the period before taxes9903-€9,375-€19,525▼ 108%
Profit (loss) for the period9904-€9,375-€19,525▼ 108%
Profit (loss) for the period to be appropriated9905-€9,375-€19,525▼ 108%
Line20232024Change
Assets
Total assets20/58€454,884€902,085▲ 98.3%
Fixed assets21/28€450,000€900,000▲ 100%
Financial fixed assets28€450,000€900,000▲ 100%
Current assets29/58€4,884€2,085▼ 57.3%
Amounts receivable within one year40/41€1,648€2,021▲ 22.7%
Other amounts receivable41€1,648€2,021▲ 22.7%
Cash at bank and in hand54/58€3,237€64▼ 98.0%
Equity and liabilities
Total equity and liabilities10/49€454,884€902,085▲ 98.3%
Equity10/15€446,625€427,100▼ 4.4%
Contributions10/11€456,000€456,000=
Profit (loss) carried forward14-€9,375-€28,900▼ 208%
Amounts payable17/49€8,259€474,985▲ 5,651%
Amounts payable after more than one year17-€339,578-
Financial debts170/4-€339,578-
Amounts payable within one year42/48€8,259€135,406▲ 1,539%
Current portion of amounts payable after more than one year42-€58,725-
Trade debts44€6,558€684▼ 89.6%
Suppliers440/4€6,558€684▼ 89.6%
Other amounts payable47/48€1,701€75,997▲ 4,367%
Line20232024Change
Profit (loss) for the period9904-€9,375-€19,525▼ 108%
Operating cash flow (approximation)-€9,375-€19,525▼ 108%
Investment in fixed assets (approximation)--€450,000-
Change in cash--€3,173-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,403 m²
Building footprint
231 m²
Parcel 44051B0594/00Z000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Mking Group
Drieselstraat 22, 9041 GentGeneral electrical installation work
since 20232.344.071.910
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44051B0594/00Z000 Flanders 2,403 m² 1 · 231 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of Mking Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 4,018 companies in this sector we hold annual accounts for 1,751. 1,071 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800347394
Also 9925:BE0800347394
Registered 03-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.