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MSG Boor- en Zaagwerken

Active
Private limited companyfounded 2020active for 6 yearsSabbestraat 8A, 3770 Riemst, BelgiumKBO/BCE: BE 0753.591.515
Summary

MSG Boor- en Zaagwerken has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208,919 and a net result of €87,959. Equity has been growing by about 46% per year since 2021. Its solvency ranks better than 81% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 02-09-2020 Normal situation
Activity
Specialised construction activities NACE 43130and 1 other
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2024
Establishment unit
2.306.475.403 3770 Riemst, since 02-09-2020
Financial year end
31 December
Peppol
Reachable since 24-11-2023

Board and ownership

Board
  • Bellemans GüntherDirector

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€287,401
▲ 120%
Turnover
≈ €690,000
estimated
Profit
€87,959
▲ 238%
Equity
€208,919
▲ 72.7%
Total assets
€277,419
▲ 20.4%
Employees on 31-12-2025
1
▼ 66.7%
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateFounded in 2020lowers riskLiquidity: current ratio 3.79, cash €93,532Equity €208,919 (75.3% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 89% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100+23
equity 75.3% of total assets
Liquidity 87+22
short-term debt 18.1% · cash 33.7%
Profitability 100+17
return on assets 31.7%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.3%▲ +0.3 percentage points vs 04-2025highest value 06-2025: 0.7%▼ -0.6 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.5%▼ -0.2 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.5%▼ -0.1 percentage points vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%▲ +0.4 percentage points vs 07-2026 09-2026: 0.4%▼ -0.6 percentage points vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.79 (2.61 in 2024), above the usual 1.5. Short-term debt is 18.1% and cash 33.7% of total assets. 24.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 85% on liquidity, 92% on profitability and 88% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 3.79, cash €93,532
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €208,919 (75.3% of total assets)
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
31 days late
2024
2 days early
2023
13 days early
2022
18 days late
2021
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 19 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €26,042 to €87,959 ▲ 238% View
  • Positive: Higher net result than 94% of companies in specialised constructionsector median €10,221 · 34,933 companies €87,959 View
  • Positive: 5 profitable years in a rowprofit 2025: €87,959 5 years View

Recent changes

  1. · Gazette deed Registered office moved from Tongeren to Val-meer Riemst
  2. · Gazette deed Incorporation
All 11 events

Comparable companies

These companies have the same main activity as MSG Boor- en Zaagwerken: specialised construction activities (NACE 43130). They are comparable in size and age: total assets between €263,000 and €444,000, founded between 2017 and 2022.

CompanyTotal assetsGross margin
MSG Boor- en Zaagwerken Riemst€277,419€287,401
BOREX EXPERTEN Dilbeek€263,451€282,116
CONA Grondonderzoek Zulte€310,995€343,087
SICA PROJECTS Ganshoren€312,085€203,912
VSB Bouw Sint-Niklaas€423,442€366,236
B.B.Betonboringen Tessenderlo-Ham€305,785€263,827
SKBK Heusden-Zolder€444,048€306,688
Full comparison

Key facts about MSG Boor- en Zaagwerken

What is the company number of MSG Boor- en Zaagwerken?
The company number of MSG Boor- en Zaagwerken is 0753.591.515. The VAT number is the same number with BE in front: BE 0753.591.515.
Where is MSG Boor- en Zaagwerken based?
The registered office is at Sabbestraat 8A, 3770 Riemst.Company details
What does MSG Boor- en Zaagwerken do?
According to the KBO register, the main activity is specialised construction activities (NACE 43130).
What is the legal form of MSG Boor- en Zaagwerken?
The legal form of MSG Boor- en Zaagwerken is Private limited company (BV).
When was MSG Boor- en Zaagwerken founded?
MSG Boor- en Zaagwerken was founded on 02-09-2020.
Is MSG Boor- en Zaagwerken still active?
Yes, MSG Boor- en Zaagwerken is an active enterprise in the KBO register.
How many employees does MSG Boor- en Zaagwerken have?
MSG Boor- en Zaagwerken had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MSG Boor- en Zaagwerken fall under?
In its 2024 annual accounts, MSG Boor- en Zaagwerken states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of MSG Boor- en Zaagwerken?
The turnover in financial year 2025 is ≈ €690,000. This figure is estimated from the gross margin of €287,401 and 82 comparable companies (NACE 43). It probably lies between €530,000 and €1.0m.
Is MSG Boor- en Zaagwerken profitable?
In financial year 2025, MSG Boor- en Zaagwerken made a profit of €87,959.
Where can I find the annual accounts of MSG Boor- en Zaagwerken?
MSG Boor- en Zaagwerken filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MSG Boor- en Zaagwerken due?
MSG Boor- en Zaagwerken must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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