What does MGS RENOVATION do?

MGS RENOVATION is a specialised building contractor in Herve. Private Limited, started on 12 October 2021, 1 establishment.

What is the address of MGS RENOVATION?

The registered office of MGS RENOVATION is located at Rue de Maestricht 50, 4651 Herve.

Is MGS RENOVATION still active?

No. The CBE lists MGS RENOVATION with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is MGS RENOVATION registered on Peppol?

No, MGS RENOVATION is currently not registered on the Peppol network.

What is the enterprise number of MGS RENOVATION?

The enterprise number of MGS RENOVATION is BE0775658817.

When was MGS RENOVATION founded?

MGS RENOVATION was founded on 12 October 2021.

Is MGS RENOVATION a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 12 October 2021; 2 annual accounts filed, latest fiscal year 2023.

How much profit did MGS RENOVATION make in 2023?

MGS RENOVATION recorded a loss after taxes of € 37,129 in financial year 2023.

What is the revenue of MGS RENOVATION?

As a small company, MGS RENOVATION is not required to publish revenue in its annual accounts. In financial year 2023, its added value was € 73,299.

MGS RENOVATION (Private Limited) - Herve - BE0775658817

Dossier MGS RENOVATION, printed on 17 September 2026 from databakkes.be/en/0775658817/mgs-renovation. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

MGS RENOVATION from Herve, company number BE0775658817, closed financial year 2023 with a result of € -37,129 after tax. For that financial year MGS RENOVATION recorded a gross margin of € 73,299 and equity of € 44,705. Compared with financial year 2022, the result moved from € 51,883 to € -37,129. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2024.

What it is worth Healthy

€ 44,705

▼ 45% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -37,129

▼ still € 51,883 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 22,071

▲ 115% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 14,755.

People and assets in 2023

Wage cost

€ 78,931

▲ 19% vs 2022

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 11,983

▲ 89% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 20,665

▼ 46% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 19,675

▲ 23% vs 2022

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	Change 2022 → 2023
Gross margin	€ 142,353 Gross margin 2022: € 142,353 First fiscal year in the series	€ 73,299 Gross margin 2023: € 73,299 ▼ 49% vs 2022 (€ 142,353) Unfavourable step	▼ 49%
Profit after taxes	€ 51,883 Profit after taxes 2022: € 51,883 First fiscal year in the series	€ -37,129 Profit after taxes 2023: € -37,129 ▼ € 89,012 vs 2022 (€ 51,883) Unfavourable step	▼ € 89,012
Equity	€ 81,833 Equity 2022: € 81,833 First fiscal year in the series	€ 44,705 Equity 2023: € 44,705 ▼ 45% vs 2022 (€ 81,833) Unfavourable step	▼ 45%
Total debts	€ 55,044 Total debts 2022: € 55,044 First fiscal year in the series	€ 60,993 Total debts 2023: € 60,993 ▲ 11% vs 2022 (€ 55,044) Unfavourable step	▲ 11%
Cash	€ 10,243 Cash 2022: € 10,243 First fiscal year in the series	€ 22,071 Cash 2023: € 22,071 ▲ 115% vs 2022 (€ 10,243) Favourable step	▲ 115%
Retained profit	€ 51,883 Retained profit 2022: € 51,883 First fiscal year in the series	€ 14,755 Retained profit 2023: € 14,755 ▼ 72% vs 2022 (€ 51,883) Unfavourable step	▼ 72%
Balance sheet total	€ 136,877 Balance sheet total 2022: € 136,877 First fiscal year in the series	€ 105,698 Balance sheet total 2023: € 105,698 ▼ 23% vs 2022 (€ 136,877) Unchanged	▼ 23%

Key figures of MGS RENOVATION, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to MGS RENOVATION?

What happened at MGS RENOVATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

MGS RENOVATION is active according to the CBE. Legal situation: Opening faillissement.

Jun 26, 2024 New annual accounts for financial year 2023: loss of € 37,129 (▼ € 89,012 vs 2022). Source: NBB ↗
Oct 12, 2021 New establishment in Herve. KBO
Oct 12, 2021 Start of the company according to the CBE. KBO

In short

From € 51,883 profit in 2022 to € 37,129 loss in 2023.

Paid € 12,754 in corporate taxes since 2022.

Best year ever: 2022, with € 51,883 profit.

Original PDFs at the National Bank ↗

A new publication or filing at MGS RENOVATION? We notify you, reason included.

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My folder 3 companies

De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Maestricht 50

4651 Herve

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

GCMC car

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0775.658.817

VAT number

BE 0775.658.817

Registered office

Rue de Maestricht 50, 4651 Herve

Names & denominations

MGS RENOVATION

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Opening faillissement

Start date

12 October 2021

Peppol

Not registered

Contact

[email protected]

Activities · NACE

Overige bouwinstallatie

Overige bouwinstallatie, n.e.g.

Overige werkzaamheden in verband met de afwerking van gebouwen

Installatie van isolatie

Overige reiniging van gebouwen; industriële reiniging

Sanitaire werkzaamheden

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Gevelreiniging

View on CBE Public ↗ Annual accounts (NBB) ↗