M.G.A.
ActiveM.G.A. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-19k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-5
Solvency31▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 7.99 against 1.89 in 2024; short-term debt: 12.5% and cash: 2.4% of total assets), but 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 13%
← 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 07-09-2026, 38 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
38 d late
2024
29 d late
2023
40 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
39 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 25.1%
2024 · €76k
2018: €40k
2019: €52k
2020: €55k
2021: €59k
2022: €69k
2023: €69k
2024: €76k
2018 → 2025
Total assets
€991k▼ 41.7%
2024 · €1.70M
2018: €82k
2019: €71k
2020: €77k
2021: €82k
2022: €91k
2023: €92k
2024: €1.70M
2018 → 2025
Net result
€-19k
2024 · €6k
2018: €3k
2019: €13k
2020: €3k
2021: €4k
2022: €10k
2023: €466
2024: €6k
2018 → 2025
Working capital
€867k▲ 8.4%
2024 · €800k
2018: €37k
2019: €51k
2020: €53k
2021: €58k
2022: €68k
2023: €69k
2024: €800k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€69k▲ 16.4%€69k▲ 0.7%€76k▲ 9.3%€57k▼ 25.1%
Operating result€6k-€14k▲ 147%€3k▼ 82.5%€11k▲ 322%€24k▲ 123%
Net result€4k-€10k▲ 155%€466▼ 95.2%€6k▲ 1,286%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 123% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €991k
Equity
€57k▼ 25.1%
Debt
€934k▼ 42.5%
The debt ratio falls from 95.5% to 94.3%. Equity and debt are lower.
Key figures and ratios
Solvency
5.7%▲
2024 · 4.5%
Current ratio
7.99▲
2024 · 1.89
Quick ratio
0.78▼
2024 · 0.99
Debt / equity
16.45▼
2024 · 21.42
ROE
-33.5%▼
2024 · 8.5%
ROA
-1.9%▼
2024 · 0.4%
Debt
€934k▼
2024 · €1.62M
Debt ≤ 1 year
€124k▼
2024 · €899k
Debt > 1 year
€810k▲
2024 · €724k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.70M€991k▼
Current assets29/58€1.70M€991k▼
Stocks and contracts in progress3€808k€894k▲
Stocks30/36€808k€894k▲
Amounts receivable within one year40/41€881k€72k▼
Trade receivables40€881k€68k▼
Other amounts receivable41€26€3k▲
Current investments50/53€1k-
Cash at bank and in hand54/58€8k€23k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.70M€991k▼
Equity10/15€76k€57k▼
Contributions10/11€19k€19k=
Reserves13€47k€47k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€10k€-9k▼
Amounts payable17/49€1.62M€934k▼
Amounts payable after more than one year17€724k€810k▲
Financial debts170/4€724k€810k▲
Amounts payable within one year42/48€899k€124k▼
Trade debts44€845k€73k▼
Suppliers440/4€845k€73k▼
Advances received on contracts in progress46€35k€35k=
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€8k€14k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€9k-
Income statement
Code20242025
Non-recurring operating charges66A-€14k
Gross operating margin9900€11k€37k▲
Operating profit (loss)9901€11k€24k▲
Financial income75/76B€0€3k▲
Recurring financial income75€0€171▲
Non-recurring financial income76B-€3k
Financial charges65/66B€2k€46k▲
Recurring financial charges65€2k€46k▲
Profit (loss) for the period before taxes9903€9k€-19k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€6k€-19k▼
Profit (loss) for the period to be appropriated9905€6k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-9k▼
Profit (loss) brought forward from the previous period14P€4k€10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
31-12
Financial
Weakest financial yearnet €-19k ▼395%
Net result drops to €-19k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 7.99
Current ratio from 1.89 to 7.99; short-term debt falls from €899k to €124k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €13k ▲370%
Net result €13k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Genappe · 1 establishment unit since 1997
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.
Rue des Communes 221470 GenappeGround area
3,657 m²
Building footprint
199 m²
Volume, LiDAR
1,253 m³
Parcel 25003G0084/00K000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.G.A. BVBA
since 19972.064.859.388
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003G0084/00K000 | Wallonia | 3,657 m² | 1 · 199 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0841.551.115
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Mauna
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 38,712 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.