ACTIVE

MGS CONSTRUCTION

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

134,4 k €

+90.6% YoY

Gross margin

636,4 k €

+35.2% YoY

Equity

538 k €

+33.3% YoY

Workforce

9,0 ETP

+12.5% YoY

What does MGS CONSTRUCTION do?

MGS CONSTRUCTION is a Private limited company incorporated in 2007. Its main activity is: Construction of buildings. Its registered office is in Marchin. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.208.025

Incorporation

13/02/2007

Legal form

Private limited company

Registered office

Thier de Huy 46
4570 Marchin · WallonieSee on map

Contributed capital

85 000,00 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 43410Specialised construction activities 43910Roofing activities 43990Other specialised construction activities n.e.c.+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	636,4 k €	+35.2%	470,6 k €	-6.3%	502 k €	-13.0%	577,1 k €	+15.2%	501,1 k €	+29.1%	388,1 k €	-8.9%	426,1 k €	+49.8%	284,4 k €	+1.1%	281,4 k €	-25.7%	378,6 k €	+28.8%	293,9 k €	+11.4%	263,9 k €	+24.7%	211,6 k €	-20.7%	266,9 k €	-12.2%	304 k €	-27.6%	420 k €	+57.1%	267,3 k €	-24.7%	355,2 k €	+54.7%	229,7 k €
EBITDA	201,1 k €	+76.9%	113,7 k €	+46.0%	77,9 k €	-57.3%	182,4 k €	+168%	68,2 k €	-18.9%	84,1 k €	-3.1%	86,7 k €	-15.7%	102,9 k €	+18.2%	87 k €	-8.8%	95,4 k €	+31.2%	72,7 k €	-11.4%	82,1 k €	+8.4%	75,7 k €	+55.3%	48,8 k €	+94.8%	25 k €	-60.3%	63,1 k €	-4.2%	65,8 k €	-15.7%	78 k €	-0.1%	78,1 k €
Operating result	185,3 k €	+106%	90,1 k €	+132%	38,8 k €	-69.1%	125,7 k €	+550%	19,3 k €	-57.9%	45,9 k €	+116%	21,2 k €	+1569%	1,3 k €	+130%	-4,2 k €	-112%	33,9 k €	+942%	3,2 k €	-68.3%	10,2 k €	+57.2%	6,5 k €	+75.2%	3,7 k €	+129%	-12,6 k €	-150%	25,2 k €	+17.1%	21,5 k €	-7.2%	23,2 k €	-37.3%	37 k €
Net result	134,4 k €	+90.6%	70,5 k €	+198%	23,6 k €	-76.3%	99,6 k €	+845%	10,5 k €	-59.2%	25,8 k €	+349%	5,7 k €	+167%	2,2 k €	-24.0%	2,8 k €	-87.8%	23,2 k €	+7006%	326,9 €	-93.2%	4,8 k €	-60.6%	12,1 k €	+33.7%	9,1 k €	+168%	3,4 k €	-91.1%	37,9 k €	+171%	14 k €	+83.0%	7,6 k €	-69.9%	25,4 k €
Balance sheet
Equity	538 k €	+33.3%	403,6 k €	+21.2%	333,1 k €	-6.0%	354,5 k €	+39.2%	254,7 k €	+4.3%	244,1 k €	+11.8%	218,3 k €	+2.6%	212,8 k €	+1.0%	210,6 k €	+1.4%	207,8 k €	+12.6%	184,5 k €	-7.4%	199,2 k €	+2.5%	194,4 k €	+6.6%	182,3 k €	+5.2%	173,3 k €	+2.0%	169,9 k €	+121%	77 k €	+22.2%	63 k €	+13.8%	55,4 k €
Total assets	1,3 M €	+149%	541,7 k €	+13.3%	478 k €	-11.8%	541,7 k €	+16.9%	463,5 k €	+18.5%	391,1 k €	-8.6%	427,7 k €	+7.8%	396,6 k €	+7.1%	370,1 k €	-16.8%	444,9 k €	-9.7%	492,6 k €	+9.1%	451,6 k €	+50.1%	300,9 k €	+6.6%	282,2 k €	-5.6%	298,8 k €	+4.1%	287,1 k €	-19.5%	356,7 k €	+44.6%	246,8 k €	+32.7%	185,9 k €
Cash	321,3 €	-99.9%	272,8 k €	-1.0%	275,6 k €	+1.0%	273 k €	+54.7%	176,4 k €	-19.0%	217,9 k €	+67.8%	129,9 k €	+1.7%	127,7 k €	+97.2%	64,7 k €	-17.0%	78 k €	-58.6%	188,5 k €	+54.9%	121,7 k €	+0.8%	120,7 k €	+60.5%	75,2 k €	-48.8%	146,8 k €	+240%	43,1 k €	+26.8%	34 k €	+37.2%	24,8 k €	-42.9%	43,4 k €
Debts	764,5 k €	+455%	137,8 k €	-4.9%	144,8 k €	-22.6%	187,2 k €	-8.6%	204,7 k €	+185%	71,8 k €	-65.7%	209,3 k €	+13.9%	183,8 k €	+15.2%	159,5 k €	-32.7%	237,2 k €	-23.0%	308,1 k €	+22.1%	252,4 k €	+137%	106,4 k €	+6.6%	99,8 k €	-20.4%	125,5 k €	+7.1%	117,2 k €	-58.1%	279,8 k €	+52.3%	183,7 k €	+40.8%	130,5 k €
Other
Workforce	9,0 ETP	+12.5%	8,0 ETP	-36.0%	12,5 ETP	+3.3%	12,1 ETP	+8.0%	11,2 ETP	+36.6%	8,2 ETP	-8.9%	9,0 ETP	+69.8%	5,3 ETP	-36.1%	8,3 ETP	-10.8%	9,3 ETP	+27.4%	7,3 ETP	+40.4%	5,2 ETP	+10.6%	4,7 ETP	-24.2%	6,2 ETP	-36.1%	9,7 ETP	-10.2%	10,8 ETP	+17.4%	9,2 ETP	-17.9%	11,2 ETP	+80.6%	6,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

AG IMMO DEVELOPPEMENT

Director · since 14 février 2025 · 0670.602.273

Represented by Gaëtan Alardot

Active

DELANAYE

Director · since 14 février 2025 · 0689.848.162

Represented by Julian Delanaye

Active

Ended mandates

Michel GUILLICK

Manager · since 13 février 2007

Ended

GUILLICK Michel

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
AG IMMO CONSTRUCT● Active	0792.532.065
AG IMMO DEVELOPPEMENT● Active	0670.602.273
DA IMMO● Active	1029.720.821
Dr. Manon ROSIMONT● Active	0774.721.281
Gaëtan ALARDOT● Active	0834.582.753
MANON-GAËTAN● Active	0771.883.240
SS AG - PRADEL - BAS-OHA● Active	1025.968.505
WG CONCEPT● Active	0822.978.781

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	31/08/2025	25/06/2024	28/06/2023	24/08/2022	26/05/2021
General meeting	31/08/2026	29/08/2025	17/06/2024	27/06/2023	30/06/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/08/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	29/08/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	17/06/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	26/05/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	27/05/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	18/07/2018	French	PDF
Abridged model	31/12/2016	23/06/2017	11/07/2017	French	PDF
Abridged model	31/12/2015	20/06/2016	14/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	28/09/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	25/10/2010	French	PDF
Abridged model	31/12/2008	31/07/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	31/07/2008	08/08/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

AG IMMO DEVELOPPEMENT

Director · since 14 février 2025 · 0670.602.273

Represented by Gaëtan Alardot

Active

DELANAYE

Director · since 14 février 2025 · 0689.848.162

Represented by Julian Delanaye

Active

Ended mandates

Michel GUILLICK

Manager · since 13 février 2007

Ended

GUILLICK Michel

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/03/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office23/12/2019
SIEGE SOCIAL
PDF
Capital / shares12/03/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other21/02/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025134,4 k €↑
2024
Annual accounts 202470,5 k €↑
2023
Annual accounts 202323,6 k €↓
2022
Annual accounts 202299,6 k €↑
2021
Annual accounts 202110,5 k €↓
2020
Annual accounts 202025,8 k €↑
2019
Annual accounts 20195,7 k €↑
2018
Annual accounts 20182,2 k €↓
2017
Annual accounts 20172,8 k €↓
2016
Annual accounts 201623,2 k €↑
2015
Annual accounts 2015326,9 €↓
2014
Annual accounts 20144,8 k €↓
2013
Annual accounts 201312,1 k €↑
2012
Annual accounts 20129,1 k €↑
2011
Annual accounts 20113,4 k €↓
2010
Annual accounts 201037,9 k €↑
2009
Annual accounts 200914 k €↑
2008
Annual accounts 20087,6 k €↓
2007
Annual accounts 200725,4 k €
13/02/2007
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MGS CONSTRUCTION

Overview

What does MGS CONSTRUCTION do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline