Summary
For the legal form of M.G. INVEST, Checked does not compute a bankruptcy probability. The 2017 annual accounts show equity of €44.00M and a net result of €598k. Equity is growing by ~7.8% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2017 are too old to assess current financial health.
Axes, FY 2017 · tick = 2016
Profitability13▼-37
Solvency61▲+5
Growth35▼-43
Track record100
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 11-12-2017 was due by 11-07-2018 and was filed on 14-12-2017, 209 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2017
209 d early
2016
35 d early
2015
2 d early
2014
7 d early
2013
17 d late
2012
28 d late
2011
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, full schema, statutory accounts
Turnover
€1.03M▼ 74.6%
2016 · €4.06M
2016: €4.06M
2016 → 2017
EBIT margin
-75.0%▼ 104.0pp
2016 · 29.0%
2016: 29.0%
2016 → 2017
Net result
€598k▼ 73.5%
2016 · €2.25M
2013: €1.57M
2014: €345k
2015: €5.85M
2016: €2.25M
2013 → 2017
Working capital
€9.15M▲ 191%
2016 · €3.14M
2013: €-3.88M
2014: €11.66M
2015: €-19.36M
2016: €3.14M
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€4.06M€1.03M▼ 74.6%
Equity€33.91M-€34.25M▲ 1.0%€40.11M▲ 17.1%€43.40M▲ 8.2%€44.00M▲ 1.4%
Operating result€1.20M-€1.28M▲ 7.1%€469k▼ 63.4%€1.18M▲ 151%€-773k
Net result€1.57M-€345k▼ 78.0%€5.85M▲ 1,595%€2.25M▼ 61.5%€598k▼ 73.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €773k after €1.18M in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €121.73M
Fixed assets
€74.43M ▲ 2.6%
Current assets
€47.30M ▼ 29.9%
Equity and liabilities €121.73M
Equity
€44.00M ▲ 1.4%
Provisions
€79k =
Debt
€77.65M ▼ 19.6%
Debt's share of the balance-sheet total falls from 69.0% to 63.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-746k▼
2016 · €1.22M
Cash flow
€625k▼
2016 · €2.29M
Current ratio
1.24▲
2016 · 1.05
Debt to equity
0.89▲
2016 · 0.73
ROE
1.4%▼
2016 · 5.2%
ROA
0.5%▼
2016 · 1.6%
Interest coverage
-0.30▼
2016 · 0.43
Debt ≤ 1 year
€38.15M▼
2016 · €64.38M
Debt > 1 year
€39.00M▲
2016 · €31.87M
Income taxes
€281k▲
2016 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2017 against 2016 · 29 lines
Balance sheet
Code20162017
Assets
Total assets20/58€140.10M€121.73M▼
Fixed assets21/28€72.57M€74.43M▲
Tangible fixed assets22/27€124k€94k▼
Financial fixed assets28€72.45M€74.33M▲
Current assets29/58€67.52M€47.30M▼
Stocks and contracts in progress3€2.44M-
Amounts receivable within one year40/41€64.13M€46.83M▼
Current investments50/53€751k-
Cash at bank and in hand54/58€207k€469k▲
Equity and liabilities
Total equity and liabilities10/49€140.10M€121.73M▼
Equity10/15€43.40M€44.00M▲
Contributions10/11€19.00M€19.00M=
Reserves13€2.50M€2.50M=
Profit (loss) carried forward14€20.86M€21.46M▲
Provisions and deferred taxes16€79k€79k=
Amounts payable17/49€96.61M€77.65M▼
Amounts payable after more than one year17€31.87M€39.00M▲
Amounts payable within one year42/48€64.38M€38.15M▼
Trade debts44€939k€25k▼
Income statement
Code20162017
Turnover70€4.06M€1.03M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€27k▼
Operating profit (loss)9901€1.18M€-773k▼
Recurring financial income75€1.99M€1.64M▼
Recurring financial charges65€2.86M€2.50M▼
Debt charges650€2.85M€2.49M▼
Profit (loss) for the period before taxes9903€2.29M€879k▼
Income taxes67/77€36k€281k▲
Profit (loss) for the period9904€2.25M€598k▼
Profit (loss) for the period to be appropriated9905€2.25M€598k▼
Timeline · acts, filings and financial milestones
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · consolidated
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Highest result since 2013net €5.85M ▲1595%
Net result €5.85M, the highest in the series.
02-12
State Gazette act
Incorporation · Founding capital
Share issue · Bank account
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Weakest financial yearnet €345k ▼78%
Net result drops to €345k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.99
Current ratio from 0.83 to 1.99; short-term debt falls from €22.45M to €11.73M.
17-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 17 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
10-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 10 days late
Show earlier events
30-05
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
2011
27-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
30-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Company data · Crossroads Bank
Identification
Legal formForeign entity
Founded11-12-2007
Fiscal year end11-12
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filings
Scores and ratios are computed by Checked and are not a credit decision.