M.G.I. PRO
M.G.I. PRO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €580k and a net result of €-84k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €580k |
| Net result | €-84k |
| Staff (FTE) | 1.5 |
| Better than sector | 95% |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 92.8% | 46.6% | |
| Net result | €-84k | €9k | |
| Equity | €580k | €58k | |
| Gross operating margin | €-32k | €38k | |
| Staff costs | €41k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | full schema |
| Revenue | €882k | €768k | €1.40M |
| EBITDA | €-74k | €62k | €36k |
| Net profit | €-84k | €35k | €11k |
| Cash flow | €-73k | €48k | €22k |
| Staff costs | €41k | €41k | €40k |
| Income taxes | - | €14k | €5k |
| Dividends | - | - | - |
| Total assets | €625k | €744k | €703k |
| Equity | €580k | €663k | €628k |
| Debt | €45k | €81k | €75k |
| of which ≤ 1y | €45k | €81k | €70k |
| of which > 1y | - | - | €5k |
| Working capital | €565k | €640k | €608k |
| Employees (FTE) | 1.5 | 1.5 | 1.9 |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 13.56 | 8.95 | 9.69 |
| Quick ratio | 13.56 | 8.95 | 9.69 |
| Working capital ratio | 90.5% | 86.1% | 86.4% |
| Solvency | 92.8% | 89.2% | 89.3% |
| Debt / equity | 0.08 | 0.12 | 0.12 |
| Long-term debt ratio | - | - | 0.01 |
| Interest coverage | -39.99 | 169.19 | 4.18 |
| Gross margin | -3.8% | 13.7% | 5.7% |
| Net margin | -9.5% | 4.6% | 0.8% |
| ROA | -13.4% | 4.7% | 1.6% |
| ROE | -14.4% | 5.3% | 1.8% |
| EBITDA margin | -8.4% | 8.1% | 2.6% |
| Days sales outstanding | 93d | 107d | 43d |
| Days payable outstanding | 11d | 24d | 13d |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €625k | €744k | €703k |
| Fixed assets | 21/28 | €14k | €23k | €26k |
| Tangible fixed assets | 22/27 | €14k | €23k | €26k |
| Current assets | 29/58 | €610k | €721k | €678k |
| Amounts receivable within one year | 40/41 | €327k | €312k | €172k |
| Cash & bank | 54/58 | €283k | €409k | €506k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €625k | €744k | €703k |
| Equity | 10/15 | €580k | €663k | €628k |
| Contributions / capital | 10/11 | €20k | €20k | €19k |
| Reserves | 13 | - | - | €2k |
| Accumulated profits (losses) | 14 | €559k | €643k | €608k |
| Amounts payable | 17/49 | €45k | €81k | €75k |
| Amounts payable after one year | 17 | - | - | €5k |
| Amounts payable within one year | 42/48 | €45k | €81k | €70k |
| Trade debts payable within one year | 44 | €28k | €44k | €46k |
| Income statement | ||||
| Turnover | 70 | €882k | €768k | €1.40M |
| Gross operating margin | 9900 | €-32k | €105k | €79k |
| Operating result | 9901 | €-85k | €49k | €25k |
| Financial income | 75 | €3k | €313 | - |
| Financial charges | 65 | €2k | €369 | €9k |
| Result before taxes | 9903 | €-84k | €49k | €16k |
| Income taxes | 67/77 | - | €14k | €5k |
| Net result for the period | 9904 | €-84k | €35k | €11k |
| Result to be appropriated | 9905 | €-84k | €35k | €11k |
Former directors (1)
-
Former- → 13-08-2026
| NACE primary | Materials recovery from waste(38210) |
| Legal form | Private limited company(610) |
| Incorporation | 03-06-2008 |
| Status | Active |
| Postal code | 4681 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62049A0797/00M000 | Wallonia | 1,142 m² | 1 · 228 m² | 8.4 m · 2 fl. |
| 62049A1205/00W000 | Wallonia | 41 m² | - | - |
17-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative4 facts ▸
- General meeting, 2026-08-13
- Director appointment, DMN MAISON (administrateur)
- Permanent representative, David Damian
- Director resignation, Yilmaz Asa (administrateur)
17-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
- General meeting, 13/08/2026
- Registered-office move, Rue de la Résistance 26, 4681 Oupeye
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
17-08-2026 Act object · General meeting · Officer appointment · Permanent representative
- Act object: DEMISSIONS, NOMINATIONS · M.G.I. PRO
- Publication: 2026-08-17 · M.G.I. PRO
- Filing: 2026-08-13 · M.G.I. PRO
- General meeting: 2026-08-13 · M.G.I. PRO
- Officer appointment: role: administrateur, term: indéterminée, start_date: 2026-08-13 · DMN MAISON
- Permanent representative: start_date: 2026-08-13 · David Damian
- Officer resignation: role: administrateur, end_date: 2026-08-13 · Yilmaz Asa
Technical details
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}17-08-2026 Act object · General meeting · Seat change · Filing representative
- Act object: SIEGE · M.G.I. PRO
- Publication: 17/08/2026 · M.G.I. PRO
- Filing: 13-08-2026 · M.G.I. PRO
- General meeting: 13/08/2026 · M.G.I. PRO
- Seat change: to: Rue de la Résistance 26, 4681 Oupeye, from: Rue Joseph Bonhomme 31, 4681 Oupeye (Hermalle-sous-Argenteau), effective_date: 2026-08-13 · M.G.I. PRO
- Filing representative: Déposé par Asa Yilmaz, administrateur · Asa Yilmaz
Technical details
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}12-01-2024 Change in the board of directors
Technical details
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}28-03-2022 Registered office moved within OUPEYE
- Rue Ferdinand Lechanteur 5 à 4681 OUPEYE → Rue Joseph Bonhomme 31 - 4681 OUPEYE
Technical details
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}| Legal nameFR | M.G.I. PRO |