DOUBLE M.G.
ActiveDOUBLE M.G. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143k and a net result of €-3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 57% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▲+20
Solvency73▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 2.28 against 2.27 in 2023; short-term debt: 43.8% and cash: 0.1% of total assets), but 52.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
47.8%
Return on assets
-0.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-3k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d late
2023
30 d late
2022
60 d late
2021
60 d late
2020
30 d late
2019
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€143k▼ 1.9%
2023 · €146k
2018: €163k
2019: €159k
2020: €144k
2021: €151k
2022: €153k
2023: €146k
2018 → 2024
Total assets
€299k▲ 6.8%
2023 · €280k
2018: €272k
2019: €277k
2020: €252k
2021: €275k
2022: €295k
2023: €280k
2018 → 2024
Net result
€-3k▲ 62.8%
2023 · €-7k
2018: €-18k
2019: €-4k
2020: €-15k
2021: €6k
2022: €3k
2023: €-7k
2018 → 2024
Working capital
€168k▲ 7.3%
2023 · €157k
2018: €167k
2019: €167k
2020: €144k
2021: €158k
2022: €169k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€144k-€151k▲ 4.3%€153k▲ 1.7%€146k▼ 4.8%€143k▼ 1.9%
Operating result€-5k-€-3k▲ 44.7%€3k€-7k€-3k▲ 62.0%
Net result€-15k-€6k€3k▼ 59.3%€-7k€-3k▲ 62.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €7k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299k
Fixed assets
€200=
Current assets
€299k▲ 6.8%
Equity and liabilities €299k
Equity
€143k▼ 1.9%
Debt
€156k▲ 16.1%
The debt ratio rises from 48.0% to 52.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
47.8%▼
2023 · 52.0%
Current ratio
2.28▲
2023 · 2.27
Quick ratio
1.61▲
2023 · 1.59
Debt / equity
1.09▲
2023 · 0.92
ROE
-1.9%▲
2023 · -5.0%
ROA
-0.9%▲
2023 · -2.6%
Debt
€156k▲
2023 · €135k
Debt ≤ 1 year
€131k▲
2023 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€280k€299k▲
Fixed assets21/28€200€200=
Financial fixed assets28€200€200=
Current assets29/58€280k€299k▲
Stocks and contracts in progress3€83k€88k▲
Stocks30/36€83k€88k▲
Amounts receivable within one year40/41€197k€210k▲
Trade receivables40€197k€210k▲
Other amounts receivable41€71-
Cash at bank and in hand54/58€352€352=
Equity and liabilities
Total equity and liabilities10/49€280k€299k▲
Equity10/15€146k€143k▼
Contributions10/11€19k€19k=
Reserves13€127k€127k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14-€-3k
Amounts payable17/49€135k€156k▲
Amounts payable within one year42/48€124k€131k▲
Trade debts44€77k€83k▲
Suppliers440/4€77k€83k▲
Other amounts payable47/48€46k€48k▲
Accrued charges and deferred income492/3€11k€25k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95-
Other operating charges640/8€2k€64▼
Gross operating margin9900€-5k€-3k▲
Operating profit (loss)9901€-7k€-3k▲
Financial charges65/66B€158-
Recurring financial charges65€158-
Profit (loss) for the period before taxes9903€-7k€-3k▲
Profit (loss) for the period9904€-7k€-3k▲
Profit (loss) for the period to be appropriated9905€-7k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Transfer from equity791/2€7k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €151k ▲4.3%
Equity rises from €144k to €151k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 45 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
684 m²
Building footprint
459 m²
Volume, LiDAR
9,664 m³
2 parcels, Flanders · tallest building 35.1 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
DOUBLE M.G.
since 19952.074.037.568
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1176/00X017 | Flanders | 484 m² | 1 · 259 m² | 35.1 m · 11 fl. |
| 11808H1176/00Y012 | Flanders | 200 m² | 1 · 200 m² | 17.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DIAM SOURCE
BE 0444.444.397
Antwerpen · Eq €143k
GILTA DIAMONDS
BE 0419.705.538
Antwerpen · Eq €142k
DIAMPREST ANTWERP
BE 0525.731.486
Antwerpen · Eq €145k
PETER POUSSENIER
BE 0462.625.761
Antwerpen · Eq €145k
CARAT WORLD EUROPE
BE 0555.918.975
Antwerpen · Eq €147k
Of 1,229 companies in sector 46861 we hold annual accounts for 678. 395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-1995
Fiscal year end31-12
Activities, NACEBEL
46861Wholesale of diamonds and other precious stones
51561
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.