Turnover
≈ €69,000 estimated
The accounts state no turnover.
BE MG
Lifetime
20 annual accounts with figures on one time axispeak €35,435 (2023)
€26,280▼ 18.7%
lowest -€9,229 (2021)
€8,569▼ 43.8%
peak €44,648 (2025)
€44,648▲ 23.8%
€291,207▲ 182%
peak 1 FTE (2007)
-not published
Board1 name since 2014
1 directorGunel Michael
Documentsfilings and deeds
04-06-202657 days before the deadline
2025financial year
Gross margin from €32,328 to €26,280Result from €15,238 to €8,569Equity from €36,079 to €44,648Debts from €103,200 to €291,207Investments €234,722
Key points
from the 2025 annual accountsDebts
€291,207 87% of the balance sheet
Financial debts 50%Suppliers 10%Taxes and wages 4%Other 36%
Of this, €147,244 falls due within a year.
Liquidity
0.55 was 1.09 in 2024
Short-term debts rose from €103,200 to €147,244.
Filings
20 annual accounts since 2006
The last five annual accounts were filed 38 to 98 days before the end of the period.
At the same address
28 companies
Position in the sector
€44,648
Less equity than 86% of companies in head offices and management consultancy. Sector median €1.1m · 3,873 companies.
Checked score
85
Excellent
Financially stronger than 38% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: < 0.1%▼ -0.2 percentage points vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.2 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €335,855
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 0.55, cash €58,667
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 70, micro). It does better than 19% of them on solvency, 37% on liquidity, 29% on profitability and 69% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.55 (1.09 in 2024), below 1. Short-term debt is 43.8% and cash 17.5% of total assets. 86.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3873 sector peers (2025).
NBB · sector comparisonPosition among 3873 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €44,648
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
71 days early
2023
65 days early
2022
98 days early
2021
38 days early
2020
93 days early
2019
120 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 77 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 28 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GM
Gunel Michael
Director, since 05-09-2014
- GUNEL Michael 80 sharesdeed of 12-07-2022
- GUNEL Gabriel 20 sharesdeed of 12-07-2022
Recent changes
Registered office moved from Saint-Josse-ten-Noode to Ixelles
New registered office: Avenue Louise 347 boîte 6, 1050 Ixelles · Previous registered office: Chaussée de Louvain 68, 1210 Saint-Josse-ten-Noode · General meeting of 15-04-2026 · Gazette deed
Amendment of the articles
General meeting of 19-06-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879865818
Company renamed from TIBELL to BE MG
“Etude,consultance,conception,représentation et commercialisation de tout support et logiciel informatique ou…” (deed in French) · General meeting of 19-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BE MG Ixelles | €335,855 | €26,280 | 13.3% | - |
| SMITH AGENCY Sint-Gillis (bij-Brussel) | €331,894 | €24,574 | 23.5% | - |
| BIDULE Auderghem | €318,528 | €24,776 | 87.0% | - |
| SOFT-N-EASY Uccle | €361,285 | €28,553 | 92.7% | - |
| CEVIRAN Brussels | €306,966 | €29,097 | 47.5% | - |
| AXIV MANAGEMENT Sint-Gillis (bij-Brussel) | €394,630 | €23,296 | 51.3% | - |
| INERTIA Anderlecht | €353,977 | €21,809 | 89.5% | - |
These companies have the same main activity as BE MG: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €307,000 and €395,000, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 09-03-2006Normal situation
- Registered office
- 30 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 5 others
- Establishment unit
- 2.152.342.9951932 Zaventem, since 01-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €335,855▲ 141%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on BE MG
Solvency fell in 2025 from 25.9% to 13.3%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BE MG
- What is the company number of BE MG?
- The company number of BE MG is 0879.865.818. The VAT number is the same number with BE in front: BE 0879.865.818.
- Where is BE MG based?
- The registered office is at Louizalaan 347, 1050 Ixelles.Company details
- What does BE MG do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BE MG?
- BE MG is a private limited company (BV).
- When was BE MG founded?
- BE MG was founded on 09-03-2006.
- Is BE MG still active?
- Yes, BE MG is an active enterprise in the KBO register.
- How many employees does BE MG have?
- BE MG had an average of 0.1 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of BE MG?
- The turnover in financial year 2025 is ≈ €69,000. This figure is estimated from the gross margin of €26,280 and 69 comparable companies (NACE 70200). It probably lies between €42,000 and €100,000.
- Is BE MG profitable?
- In financial year 2025, BE MG made a profit of €8,569.
- Where can I find the annual accounts of BE MG?
- BE MG filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BE MG due?
- BE MG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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