M.G. OPTICS
ActiveM.G. OPTICS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €5k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-8
Solvency89▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.48 in 2023; short-term debt: 30.6% and cash: 38.5% of total assets), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
on the day
2022
29 d late
2021
1 d late
2020
65 d late
2019
82 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€96k▲ 6.1%
2023 · €90k
2018: €76k
2019: €75k
2020: €93k
2021: €104k
2022: €117k
2023: €90k
2018 → 2024
Total assets
€149k▼ 6.2%
2023 · €159k
2018: €120k
2019: €123k
2020: €134k
2021: €148k
2022: €186k
2023: €159k
2018 → 2024
Net result
€5k▼ 33.2%
2023 · €8k
2018: €689
2019: €-495
2020: €18k
2021: €10k
2022: €14k
2023: €8k
2018 → 2024
Working capital
€89k▲ 5.1%
2023 · €85k
2018: €59k
2019: €63k
2020: €87k
2021: €99k
2022: €109k
2023: €85k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€104k▲ 11.1%€117k▲ 13.4%€90k▼ 23.3%€96k▲ 6.1%
Operating result€23k-€15k▼ 33.8%€23k▲ 55.6%€15k▼ 36.4%€11k▼ 24.7%
Net result€18k-€10k▼ 43.3%€14k▲ 33.9%€8k▼ 40.7%€5k▼ 33.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 25% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149k
Fixed assets
€14k▼ 13.9%
Current assets
€135k▼ 5.3%
Equity and liabilities €149k
Equity
€96k▲ 6.1%
Debt
€53k▼ 22.3%
The debt ratio falls from 43.2% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2023 · €20k
Cash flow
€10k▼
2023 · €13k
Solvency
64.2%▲
2023 · 56.8%
Current ratio
2.96▲
2023 · 2.48
Quick ratio
1.33▲
2023 · 1.16
Debt / equity
0.56▼
2023 · 0.76
ROE
5.7%▼
2023 · 9.1%
ROA
3.7%▼
2023 · 5.2%
Interest coverage
5.20▼
2023 · 7.08
Debt
€53k▼
2023 · €69k
Debt ≤ 1 year
€46k▼
2023 · €57k
Debt > 1 year
€8k▼
2023 · €11k
Income taxes
€3k▼
2023 · €4k
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€159k€149k▼
Fixed assets21/28€16k€14k▼
Tangible fixed assets22/27€16k€14k▼
Plant, machinery and equipment23€588€3k▲
Furniture and vehicles24€0-
Leasing and similar rights25€16k€11k▼
Financial fixed assets28€1€1=
Current assets29/58€143k€135k▼
Stocks and contracts in progress3€76k€74k▼
Stocks30/36€76k€74k▼
Amounts receivable within one year40/41€99€3k▲
Other amounts receivable41€99€3k▲
Cash at bank and in hand54/58€66k€57k▼
Deferred charges and accrued income490/1€1k€605▼
Equity and liabilities
Total equity and liabilities10/49€159k€149k▼
Equity10/15€90k€96k▲
Contributions10/11€66k€66k=
Reserves13€24k€30k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€2k€2k=
Distributable reserves133€22k€27k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€69k€53k▼
Amounts payable after more than one year17€11k€8k▼
Financial debts170/4€11k€8k▼
Amounts payable within one year42/48€57k€46k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€3k€0▼
Income statement
Code20232024
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€616€520▼
Non-recurring operating charges66A€0-
Gross operating margin9900€20k€17k▼
Operating profit (loss)9901€15k€11k▼
Financial income75/76B€84€392▲
Recurring financial income75€84€392▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€12k€8k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€8k€5k▼
Profit (loss) for the period to be appropriated9905€8k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€5k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€8k€5k▼
To other reserves6921€8k€5k▼
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Equity above €100kEq €104k ▲11.1%
2 profitable years in a row build equity to €104k.
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
31-12
Financial
Weakest financial yearnet €-495 ▼172%
Net result drops to €-495, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 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, Lubbeek · 1 establishment unit since 2002
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.
Dorpsstraat(LUB) 193210 LubbeekGround area
3,991 m²
Building footprint
394 m²
Volume, LiDAR
1,861 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.G. OPTICS
since 20022.095.631.154
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0086/00G002 | Flanders | 2,110 m² | 1 · 228 m² | 6.1 m · 1 fl. |
| 24066E0086/00R002 | Flanders | 1,880 m² | 1 · 167 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
OPTIEK LEEN
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ARNOLD OPTIQUE
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Studio Baxton
BE 0542.909.394
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ANNE DELTOUR OPTIQUE
BE 0422.295.438
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JOZIE
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Of 1,730 companies in sector 47742 we hold annual accounts for 1,138. 998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2002
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
52485
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.