M.G. FINANCES
A bankruptcy procedure is open for M.G. FINANCES according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €24.66M and a net result of €-31k.
| Equity | €24.66M |
| Net result | €-31k |
| Staff (FTE) | 50.3 |
| Better than sector | 46% |
Fragile profile, watch stability in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.5% | 41.2% | |
| Net result | €-31k | €28k | |
| Equity | €24.66M | €160k | |
| Staff costs | €3.25M | €158k | |
| Employees (FTE) | 50.3 | 1.7 |
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | €16.04M |
| EBITDA | €2.46M |
| Net profit | €-31k |
| Cash flow | €1.10M |
| Staff costs | €3.25M |
| Income taxes | €382k |
| Dividends | - |
| Total assets | €65.73M |
| Equity | €24.66M |
| Debt | €41.06M |
| of which ≤ 1y | €24.91M |
| of which > 1y | €15.68M |
| Working capital | €515k |
| Employees (FTE) | 50.3 |
| 2023 | |
|---|---|
| Current ratio | 1.02 |
| Quick ratio | 1.02 |
| Working capital ratio | 0.8% |
| Solvency | 37.5% |
| Debt / equity | 1.66 |
| Long-term debt ratio | 0.64 |
| Interest coverage | 1.59 |
| Gross margin | 100.0% |
| Net margin | -0.2% |
| ROA | 0.0% |
| ROE | -0.1% |
| EBITDA margin | 15.3% |
| Days sales outstanding | 106d |
| Days payable outstanding | 238064d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €65.73M |
| Fixed assets | 21/28 | €40.30M |
| Intangible fixed assets | 21 | €2.20M |
| Tangible fixed assets | 22/27 | €628k |
| Financial fixed assets | 28 | €37.48M |
| Current assets | 29/58 | €25.42M |
| Amounts receivable within one year | 40/41 | €24.64M |
| Cash & bank | 54/58 | €94k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €65.73M |
| Equity | 10/15 | €24.66M |
| Contributions / capital | 10/11 | €40.00M |
| Reserves | 13 | €10k |
| Accumulated profits (losses) | 14 | €-15.35M |
| Provisions & deferred taxes | 16 | €0 |
| Amounts payable | 17/49 | €41.06M |
| Amounts payable after one year | 17 | €15.68M |
| Amounts payable within one year | 42/48 | €24.91M |
| Trade debts payable within one year | 44 | €3.45M |
| Income statement | ||
| Turnover | 70 | €16.04M |
| Operating result | 9901 | €1.33M |
| Financial income | 75 | €631k |
| Financial charges | 65 | €1.61M |
| Result before taxes | 9903 | €351k |
| Income taxes | 67/77 | €382k |
| Net result for the period | 9904 | €-31k |
| Result to be appropriated | 9905 | €-31k |
-
Misohama SALegal entityDirectorState Gazette act 23156080 (06-12-2023)Current06-12-2023 → present
-
Eykenveld SRLLegal entityDirectorState Gazette act 23082931 (27-06-2023)Current27-06-2023 → present
2 events
- 27-06-2023 Appointed· Director
- 27-06-2023 Appointed· Managing director
-
Prospheres SASDirectorState Gazette act 23082930 (27-06-2023)Current27-06-2023 → present
2 events
- 27-06-2023 Appointed· Director
- 27-06-2023 Appointed· Managing director
-
EY Réviseurs d'Entreprises SRLLegal entityAuditorState Gazette act 23156080 (06-12-2023)Current06-10-2021 → present
2 events
- 06-12-2023 Appointed· Auditor
- 06-10-2021 Appointed· Auditor
Historic, not recently confirmed (18)
-
MITISKA SALegal entityDirectorState Gazette act 20055089 (06-05-2020)Not recently confirmedlast confirmed in an act from 2020
-
Luc GeutenDirectorState Gazette act 19040690 (22-03-2019)Not recently confirmedlast confirmed in an act from 2019
-
Cristina PandinChef comptableState Gazette act 17123343 (25-08-2017)Not recently confirmedlast confirmed in an act from 2017
-
MisohamaManaging directorState Gazette act 17123343 (25-08-2017)Not recently confirmedlast confirmed in an act from 2017
-
Vincent RousseauManaging directorState Gazette act 17123343 (25-08-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 25-08-2017 Appointed· Managing director
- 12-06-2017 Appointed· Président du comité de direction
-
Bernard van BeekMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Evelyne TalpeMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Fabienne BulteelPrésident suppléant du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Geoffrey BaudtsMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Martine GeilenkirchenMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Monique CourantMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Nick GysbrechtsMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Virginie DuhezMembre du comité de directionState Gazette act 17081521 (12-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
HAYEZ JacquesManaging directorState Gazette act 17019294 (03-02-2017)Not recently confirmedlast confirmed in an act from 2017
-
SAMITISKADirectorState Gazette act 15165873 (26-11-2015)Not recently confirmedlast confirmed in an act from 2015
-
SPRL VICTORIA FINANCELegal entityDirectorState Gazette act 15165873 (26-11-2015)Not recently confirmedlast confirmed in an act from 2015
2 events
- 26-11-2015 Appointed· Director
- 26-11-2015 Appointed· Managing director
-
BVBA COREMALegal entityDirectorState Gazette act 10059588 (23-04-2010)Not recently confirmedlast confirmed in an act from 2010
2 events
- 23-04-2010 Appointed· Director
- 23-04-2010 Appointed· Managing director
-
Grant ThorntonAuditorState Gazette act 09107705 (28-07-2009)Not recently confirmedlast confirmed in an act from 2009
Former directors (5)
-
Gil GUIBERTAdministrateur, administrateur déléguéState Gazette act 23082931 (27-06-2023)Former- → 27-06-2023
-
VICTORIA FINANCES SRLLegal entityAdministrateur, administrateur déléguéState Gazette act 23082930 (27-06-2023)Former- → 27-06-2023
-
Sofindev ili SALegal entityDirectorState Gazette act 19040690 (22-03-2019)Former- → 22-03-2019
-
SPRL MIMA MANAGEMENTLegal entityDirectorState Gazette act 15165873 (26-11-2015)Former- → 26-11-2015
-
Monsieur Eric LE BOLESDirectorState Gazette act 10059588 (23-04-2010)Former- → 23-04-2010
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MARC-ALAIN SPEIDEL CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
27-05-2024 → present | Belgian State Gazette |
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 19-06-2000 |
| Status | Active |
| Postal code | 1440 |
| First BS signal | 31-05-2024 |
| Latest BS signal | 31-05-2024 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0681/00S000 | Wallonia | 6,866 m² | 1 · 353 m² | 11.8 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
28-02-2024 Articles of association amended
Technical details
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}06-12-2023 2 directors appointed
- Misohama SA, Bestuurder
- EY Réviseurs d'Entreprises SRL, Auditor
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- Prospheres SAS, Bestuurder
- Prospheres SAS, Gedelegeerd bestuurder
- VICTORIA FINANCES SRL, Administrateur, administrateur délégué
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- Eykenveld SRL, Bestuurder
- Eykenveld SRL, Gedelegeerd bestuurder
- Gil GUIBERT, Administrateur, administrateur délégué
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}06-10-2021 EY Réviseurs d'Entreprises SRL appointed as auditor
- EY Réviseurs d'Entreprises SRL, Auditor
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}06-05-2020 MITISKA SA appointed as director
- MITISKA SA, Bestuurder
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}27-04-2020 Capital increase of €39,651,089.46 to €40,000,000
- €348.910,54 → €40.000.000
- Inbreng in natura · Apport en nature
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}08-07-2019 Publication in the Belgian Official Gazette, Miscellaneous
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}22-03-2019 1 director appointed, 1 resigning
- Luc Geuten, Bestuurder
- Sofindev ili SA, Bestuurder
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}30-08-2017 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}25-08-2017 3 directors appointed
- Misohama, Gedelegeerd bestuurder
- Vincent Rousseau, Gedelegeerd bestuurder
- Cristina Pandin, Chef comptable
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}25-08-2017 Transaction in capital or shares
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}28-06-2017 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}28-06-2017 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}12-06-2017 9 directors appointed
- Vincent Rousseau, Président du comité de direction
- Fabienne Bulteel, Président suppléant du comité de direction
- Monique Courant, Membre du comité de direction
- Martine Geilenkirchen, Membre du comité de direction
- Virginie Duhez, Membre du comité de direction
- Evelyne Talpe, Membre du comité de direction
- Geoffrey Baudts, Membre du comité de direction
- Nick Gysbrechts, Membre du comité de direction
Technical details
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}13-04-2017 Articles of association amended
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}17-02-2017 Articles of association amended
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}03-02-2017 HAYEZ Jacques appointed as managing director
- HAYEZ Jacques, Gedelegeerd bestuurder
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}26-11-2015 3 directors appointed, 1 resigning
- SPRL VICTORIA FINANCE, Bestuurder
- SPRL VICTORIA FINANCE, Gedelegeerd bestuurder
- SAMITISKA, Bestuurder
- SPRL MIMA MANAGEMENT, Bestuurder
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}23-04-2010 2 directors appointed, 1 resigning
- BVBA COREMA, Bestuurder
- BVBA COREMA, Gedelegeerd bestuurder
- Monsieur Eric LE BOLES, Bestuurder
Technical details
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}28-07-2009 Grant Thornton appointed as auditor
- Grant Thornton, Auditor
Technical details
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}| Legal nameFR | M.G. FINANCES |