M.G.S.
The computed 12-month bankruptcy probability of M.G.S. is 0.6% (low). The 2024 annual accounts show equity of €1.72M and a net result of €26k. Equity remains stable across the filed fiscal years (±1.7% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.72M |
| Net result | €26k |
| Active | 37 yrs |
| Locations | 1 |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | - |
| Net profit | €26k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €10k |
| Dividends | €125k |
| Total assets | €1.86M |
| Equity | €1.72M |
| Debt | €144k |
| of which ≤ 1y | €144k |
| of which > 1y | - |
| Working capital | €1.54M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 11.66 |
| Quick ratio | 11.66 |
| Working capital ratio | 82.7% |
| Solvency | 92.2% |
| Debt / equity | 0.08 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 1.4% |
| ROE | 1.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.86M |
| Fixed assets | 21/28 | €178k |
| Financial fixed assets | 28 | €178k |
| Current assets | 29/58 | €1.68M |
| Amounts receivable within one year | 40/41 | €268k |
| Cash & bank | 54/58 | €1.41M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.86M |
| Equity | 10/15 | €1.72M |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €1.65M |
| Amounts payable | 17/49 | €144k |
| Amounts payable within one year | 42/48 | €144k |
| Income statement | ||
| Gross operating margin | 9900 | €1k |
| Operating result | 9901 | €63 |
| Financial income | 75 | €37k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €36k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €26k |
| Result to be appropriated | 9905 | €26k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 20-03-1989 |
| Status | Active |
| Postal code | 7700 |
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. |
|---|---|---|---|---|
| 54435G0698/02A000 | Wallonia | 1,286 m² | 1 · 1,233 m² | - |
| 21308H0298/00G000 | Brussels | 797 m² | 1 · 333 m² | 52.2 m · 16 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
16-02-2023 Registered office moved from Comines-Warneton to Mouscron
- Rue Beauchamps 3, 7780 Comines-Warneton → Rue de l'Echauffourée 1, 7700 Mouscron
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue de l\u0027Echauffour\u00E9e 1, 7700 Mouscron",
"city": "Mouscron",
"region": "waals_gewest",
"street": "de l\u0027Echauffour\u00E9e",
"country": "BE",
"postcode": "7700",
"box_number": null,
"street_number": "1",
"locality_suffix": null
},
"old_address": {
"raw": "Rue Beauchamps 3, 7780 Comines-Warneton",
"city": "Comines-Warneton",
"region": "waals_gewest",
"street": "Beauchamps",
"country": "BE",
"postcode": "7780",
"box_number": null,
"street_number": "3",
"locality_suffix": null
},
"effective_date": "2022-10-26",
"evidence_quote": "L\u0027assembl\u00E9e constate que le si\u00E8ge de la soci\u00E9t\u00E9 est situ\u00E9 \u00E0 Rue de l\u0027Echauffour\u00E9e 1, 7700 Mouscron depuis 26-10-22. L\u0027assembl\u00E9e d\u00E9cide formellement et \u00E0 l\u0027unanimit\u00E9 des voix de d\u00E9placer le si\u00E8ge de Rue Beauchamps 3, 7780 Comines-Warneton vers Rue de l\u0027Echauffour\u00E9e 1, 7700 Mouscron \u00E0 compter du 26-10",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-02-16",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-12-13",
"unanimous": true
},
"subject_company": {
"kbo": "0437.078.139",
"name_full": "M.G.S.",
"legal_form": "SA"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bernard Taffin",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur d\u00E9l\u00E9gu\u00E9"
},
"co_filed_documents": []
}| Legal nameFR | M.G.S. |