Summary
M&G is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €215,912 and a net result of €36,443. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 2464 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2464 sector peers (2025).
NBB · sector comparisonPosition among 2464 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
41 d early
2023
22 d late
2022
10 d late
2021
16 d late
2020
32 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€215,912▼ 11.7%
2024 · €244,469
Net result
€36,443
2024 · -€26,454
Total assets
€1.7m▼ 7.1%
2024 · €1.8m
Solvency
13.0%▼ 0.7pp
2024 · 13.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,828▼ 43.5%€91,599▲ 25.8%€57,567▼ 37.2%€20,118▼ 65.1%€121,325▲ 503%
Net result€14,730within the sector's middle half▼ 75.1%€2,624below the sector's middle half▼ 82.2%€9,574below the sector's middle half▲ 265%-€26,454below the sector's middle half€36,443within the sector's middle half
Equity€258,725within the sector's middle half▲ 6.0%€261,349within the sector's middle half▲ 1.0%€270,923within the sector's middle half▲ 3.7%€244,469within the sector's middle half▼ 9.8%€215,912within the sector's middle half▼ 11.7%
Total assets€1.8mwithin the sector's middle half▼ 12.5%€1.6mwithin the sector's middle half▼ 10.4%€1.4mwithin the sector's middle half▼ 15.1%€1.8mabove the sector's middle half▲ 31.0%€1.7mabove the sector's middle half▼ 7.1%
Debt€1.4m▼ 16.2%€1.2m▼ 13.5%€949,438▼ 20.9%€1.4m▲ 47.4%€1.3m▼ 6.8%
Working capital-€187,313below the sector's middle half▼ 25.1%-€284,986below the sector's middle half▼ 52.1%-€310,903below the sector's middle half▼ 9.1%-€408,140below the sector's middle half▼ 31.3%-€485,894below the sector's middle half▼ 19.1%
Solvency14.5%below the sector's middle half▲ 2.5pp16.3%within the sector's middle half▲ 1.8pp19.9%within the sector's middle half▲ 3.6pp13.7%below the sector's middle half▼ 6.2pp13.0%below the sector's middle half▼ 0.7pp
Current ratio0.47below the sector's middle half▼ 0.140.29below the sector's middle half▼ 0.180.24below the sector's middle half▼ 0.050.09below the sector's middle half▼ 0.150.12below the sector's middle half▲ 0.03
Return on assets (ROA)0.8%below the sector's middle half▼ 2.1pp0.2%below the sector's middle half▼ 0.7pp0.7%below the sector's middle half▲ 0.5pp-1.5%below the sector's middle half▼ 2.2pp2.2%below the sector's middle half▲ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 503% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.6m ▼ 8.6%
Current assets
€65,605 ▲ 56.5%
Equity and liabilities €1.7m
Equity
€215,912 ▼ 11.7%
Provisions
€136,476 ▼ 1.4%
Debt
€1.3m ▼ 6.8%
Debt's share of the balance-sheet total rises from 78.5% to 78.7%. Equity and debt are lower.
Key figures and ratios
ROE
16.9%▲
2024 · -10.8%
Debt ≤ 1 year
€551,499▲
2024 · €450,054
Debt > 1 year
€744,071▼
2024 · €939,742
Income taxes
€44,792▲
2024 · €17,605
Staff costs
€176,840▲
2024 · €165,594
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €120,568 | €93,789 | €153,123 | €165,594 | €176,840 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €232,350 | €210,590 | €207,049 | €237,310 | €252,979 | ▲ 6.6% |
| Other operating charges640/8 | €7,509 | €28,964 | €8,235 | €5,920 | €12,678 | ▲ 114% |
| Non-recurring operating charges66A | - | - | - | - | €1,373 | - |
| Gross operating margin9900 | €433,255 | €424,942 | €425,973 | €428,943 | €565,195 | ▲ 31.8% |
| Operating profit (loss)9901 | €72,828 | €91,599 | €57,567 | €20,118 | €121,325 | ▲ 503% |
| Financial income75/76B | €1,451 | €1,121 | €1,145 | €594 | €502 | ▼ 15.5% |
| Recurring financial income75 | €1,451 | €1,121 | €1,145 | €594 | €502 | ▼ 15.5% |
| Financial charges65/66B | €33,998 | €28,583 | €27,190 | €31,561 | €42,591 | ▲ 34.9% |
| Recurring financial charges65 | €33,998 | €28,583 | €27,190 | €31,561 | €42,591 | ▲ 34.9% |
| Profit (loss) for the period before taxes9903 | €40,280 | €64,137 | €31,522 | -€10,849 | €79,235 | ▲ 830% |
| Transfer from deferred taxes780 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Income taxes67/77 | €27,551 | €63,513 | €23,948 | €17,605 | €44,792 | ▲ 154% |
| Profit (loss) for the period9904 | €14,730 | €2,624 | €9,574 | -€26,454 | €36,443 | ▲ 238% |
| Transfer from tax-exempt reserves789 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) for the period to be appropriated9905 | €22,730 | €10,624 | €17,574 | -€18,454 | €44,443 | ▲ 341% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.6m | €1.4m | €1.8m | €1.7m | ▼ 7.1% |
| Fixed assets21/28 | €1.6m | €1.5m | €1.3m | €1.7m | €1.6m | ▼ 8.6% |
| Intangible fixed assets21 | €1.4m | €1.2m | €1.1m | €1.1m | €948,714 | ▼ 16.9% |
| Tangible fixed assets22/27 | €142,030 | €100,162 | €66,367 | €465,515 | €524,747 | ▲ 12.7% |
| Land and buildings22 | €105,447 | €76,112 | €46,777 | €434,914 | €386,467 | ▼ 11.1% |
| Plant, machinery and equipment23 | €12,597 | €9,526 | €9,318 | €15,269 | €14,461 | ▼ 5.3% |
| Furniture and vehicles24 | €16,203 | €9,525 | €5,272 | €10,332 | €118,819 | ▲ 1,050% |
| Other tangible fixed assets26 | €7,783 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Financial fixed assets28 | €76,551 | €141,551 | €119,431 | €132,924 | €117,500 | ▼ 11.6% |
| Current assets29/58 | €164,010 | €116,394 | €98,793 | €41,914 | €65,605 | ▲ 56.5% |
| Amounts receivable within one year40/41 | €19,588 | €15,968 | €22,096 | €17,462 | €2,924 | ▼ 83.3% |
| Other amounts receivable41 | €19,588 | €15,968 | €22,096 | €17,462 | €2,924 | ▼ 83.3% |
| Cash at bank and in hand54/58 | €143,503 | €99,517 | €75,692 | €23,406 | €59,918 | ▲ 156% |
| Deferred charges and accrued income490/1 | €920 | €909 | €1,004 | €1,047 | €2,762 | ▲ 164% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.6m | €1.4m | €1.8m | €1.7m | ▼ 7.1% |
| Equity10/15 | €258,725 | €261,349 | €270,923 | €244,469 | €215,912 | ▼ 11.7% |
| Contributions10/11 | €23,600 | €23,600 | €23,600 | €23,600 | €23,600 | = |
| Reserves13 | €161,750 | €163,750 | €172,750 | €164,750 | €135,750 | ▼ 17.6% |
| Tax-exempt reserves132 | €74,750 | €66,750 | €58,750 | €50,750 | €42,750 | ▼ 15.8% |
| Distributable reserves133 | €87,000 | €97,000 | €114,000 | €114,000 | €93,000 | ▼ 18.4% |
| Profit (loss) carried forward14 | €73,375 | €73,999 | €74,573 | €56,119 | €56,562 | ▲ 0.8% |
| Provisions and deferred taxes16 | €144,476 | €142,476 | €140,476 | €138,476 | €136,476 | ▼ 1.4% |
| Provisions for liabilities and charges160/5 | €130,476 | €130,476 | €130,476 | €130,476 | €130,476 | = |
| Pensions and similar obligations160 | €130,476 | €130,476 | €130,476 | €130,476 | €130,476 | = |
| Deferred taxes168 | €14,000 | €12,000 | €10,000 | €8,000 | €6,000 | ▼ 25.0% |
| Amounts payable17/49 | €1.4m | €1.2m | €949,438 | €1.4m | €1.3m | ▼ 6.8% |
| Amounts payable after more than one year17 | €1.0m | €785,710 | €533,342 | €939,742 | €744,071 | ▼ 20.8% |
| Financial debts170/4 | €1.0m | €785,710 | €533,342 | €939,742 | €744,071 | ▼ 20.8% |
| Amounts payable within one year42/48 | €351,324 | €401,380 | €409,696 | €450,054 | €551,499 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | €241,359 | €246,801 | €252,368 | €294,252 | €294,571 | ▲ 0.1% |
| Advances received on contracts in progress46 | - | - | - | €947 | €973 | ▲ 2.7% |
| Taxes, remuneration and social security45 | €9,555 | €39,977 | €17,462 | €19,134 | €41,669 | ▲ 118% |
| Taxes450/3 | - | €29,714 | - | €582 | €24,705 | ▲ 4,144% |
| Remuneration and social security454/9 | €9,555 | €10,263 | €17,462 | €18,551 | €16,963 | ▼ 8.6% |
| Other amounts payable47/48 | €100,410 | €114,602 | €139,865 | €135,721 | €214,286 | ▲ 57.9% |
| Accrued charges and deferred income492/3 | €2,410 | €12,513 | €6,400 | €9,540 | €8,608 | ▼ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,730 | €2,624 | €9,574 | -€26,454 | €36,443 | ▲ 238% |
| + Depreciation and write-downs630 | €232,350 | €210,590 | €207,049 | €237,310 | €252,979 | ▲ 6.6% |
| Operating cash flow (approximation) | €247,079 | €213,213 | €216,623 | €210,857 | €289,422 | ▲ 37.3% |
| Investment in fixed assets (approximation) | - | -€72,189 | €17,942 | -€715,634 | -€103,573 | ▲ 85.5% |
| Change in cash | - | -€43,986 | -€23,825 | -€52,286 | €36,513 | ▲ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €36,443
Net result €36,443 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€26,454
Net result drops to -€26,454, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €59,131 ▲18.4%
Operating result €128,927, net result €59,131, both a record.
31-12
Financial
Equity above €200,000Eq €243,995 ▲32%
3 profitable years in a row build equity to €243,995.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €184,864 ▲37%
2 profitable years in a row build equity to €184,864.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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
Registered office, Léglise · 1 establishment unit since 2000
Ground area
6,117 m²
Building footprint
208 m²
Volume, LiDAR
1,610 m³
Parcel 84004C0488/00B000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Assurances Magnee Guillaume
since 20002.093.898.022
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84004C0488/00B000 | Wallonia | 6,117 m² | 1 · 208 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,682 companies in sector 66191 we hold annual accounts for 1,230. 1,093 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.