M.G.I.
ActiveM.G.I. has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €220k and a net result of €19k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 74% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+1
Solvency88▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 6.24 against 4.11 in 2023; short-term debt: 8.1% and cash: 6.4% of total assets), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
40 d early
2022
39 d early
2021
44 d early
2020
36 d early
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€220k▲ 9.5%
2023 · €200k
2019: €36k
2020: €64k
2021: €128k
2022: €183k
2023: €200k
2019 → 2024
Total assets
€348k▼ 0.1%
2023 · €348k
2019: €203k
2020: €276k
2021: €302k
2022: €373k
2023: €348k
2019 → 2024
Net result
€19k▲ 8.2%
2023 · €18k
2019: €30k
2020: €28k
2021: €64k
2022: €55k
2023: €18k
2019 → 2024
Working capital
€148k▲ 21.1%
2023 · €122k
2019: €30k
2020: €58k
2021: €67k
2022: €91k
2023: €122k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€128k▲ 98.8%€183k▲ 42.7%€200k▲ 9.7%€220k▲ 9.5%
Operating result€39k-€88k▲ 128%€78k▼ 11.1%€29k▼ 63.2%€31k▲ 7.4%
Net result€28k-€64k▲ 125%€55k▼ 14.0%€18k▼ 67.7%€19k▲ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 7% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €348k
Fixed assets
€171k▼ 8.2%
Current assets
€176k▲ 9.1%
Equity and liabilities €348k
Equity
€220k▲ 9.5%
Debt
€128k▼ 13.3%
The debt ratio falls from 42.4% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2023 · €53k
Cash flow
€34k▼
2023 · €42k
Solvency
63.2%▲
2023 · 57.6%
Current ratio
6.24▲
2023 · 4.11
Quick ratio
1.33▲
2023 · 0.58
Debt / equity
0.58▼
2023 · 0.74
ROE
8.7%▼
2023 · 8.8%
ROA
5.5%▲
2023 · 5.1%
Interest coverage
15.36▼
2023 · 18.15
Debt
€128k▼
2023 · €148k
Debt ≤ 1 year
€28k▼
2023 · €39k
Debt > 1 year
€100k▼
2023 · €108k
Income taxes
€9k▲
2023 · €8k
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€348k€348k▼
Fixed assets21/28€186k€171k▼
Tangible fixed assets22/27€186k€171k▼
Land and buildings22€163k€154k▼
Furniture and vehicles24€24k€17k▼
Current assets29/58€162k€176k▲
Stocks and contracts in progress3€139k€139k=
Stocks30/36€139k€139k=
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€12k€13k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€9k€22k▲
Deferred charges and accrued income490/1€357€408▲
Equity and liabilities
Total equity and liabilities10/49€348k€348k▼
Equity10/15€200k€220k▲
Contributions10/11€6k€6k=
Reserves13€184k€203k▲
Distributable reserves133€184k€203k▲
Profit (loss) carried forward14€10k€10k▲
Amounts payable17/49€148k€128k▼
Amounts payable after more than one year17€108k€100k▼
Financial debts170/4€108k€100k▼
Amounts payable within one year42/48€39k€28k▼
Current portion of amounts payable after more than one year42€11k€9k▼
Trade debts44€774€1k▲
Suppliers440/4€774€1k▲
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€20k€15k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€15k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€123
Gross operating margin9900€55k€48k▼
Operating profit (loss)9901€29k€31k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€26k€28k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€18k€19k▲
Profit (loss) for the period to be appropriated9905€18k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€29k▲
Profit (loss) brought forward from the previous period14P€10k€10k▲
Transfer to equity691/2€18k€19k▲
To other reserves6921€18k€19k▲
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €18k ▼67.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €200k ▲9.7%
5 profitable years in a row build equity to €200k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €183k ▲42.7%
4 profitable years in a row build equity to €183k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €64k ▲125%
Operating result €88k, net result €64k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.78
Current ratio from 1.30 to 2.78; short-term debt falls from €191k to €37k.
31-12
Financial
Equity above €100kEq €128k ▲98.8%
3 profitable years in a row build equity to €128k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Bièvre · 1 establishment unit since 2019
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 du Progrès, Graide 495555 BièvreGround area
3,007 m²
Building footprint
106 m²
Parcel 91057D0788/00N009, Wallonia. Linked by address, not a title deed.
1 establishment unit
M.G.I. sprl
since 20192.286.021.566
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91057D0788/00N009 | Wallonia | 3,007 m² | 1 · 106 m² | - |
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.
Similar companies · same sector, comparable size
Koren
BE 0844.817.540
Brecht · Eq €220k
JACQUES LEROY
BE 0870.794.833
Elsene · Eq €220k
LOISELET CONSTRUCTIONS
BE 0885.466.379
Chièvres · Eq €219k
KUPA INVEST
BE 0727.616.301
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DKN-Projects
BE 0838.322.993
Brugge · Eq €219k
Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 5,306 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68202Real estate activities
70200Business and other management consultancy
70220Business consulting
73200Market research and public opinion polling
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:greg_massart@hotmail.com
Phone:+32499546825