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M.G.S.

Active
Public limited companyfounded 199036 yrs activeMarche, Rue du Parc Industriel 8A, 6900 Marche-en-Famenne, BelgiumKBO/BCE: BE 0441.567.259
Summary

M.G.S. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.4m and a net result of €454,369. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 5730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
M.G.S.ActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of construction materials, general range
NACE 46831NACE 46731NACE 51532
#1 company by equity in Marche-en-Famenne, Wholesale and retail trade sector1 site
Size
€18.4mtotal assets 2025
Equity
€16.4m
Profit
€454,369
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Largest shareholder
DELVINVEST · 38%
Holdings
2
Accounts on time0 of 16 deeds read
Why 91- Liquidity: current ratio 1.00, cash €16,325, halved- 1 of the last 3 late- Name on a sanctions list+ Founded in 1990+ Size: total assets €18.4mShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 72% of its sector peers (NACE 46, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 89.1% of total assets
Liquidity 50+4
short-term debt 10.9% · cash 0.1%
Profitability 72+6
return on assets 2.5%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (748 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%▼ -2.5% vs 12-2024 02-2025: 0.5%▲ +3.2% vs 01-2025 03-2025: 0.5%▲ +4.1% vs 02-2025 04-2025: 0.6%▲ +22.3% vs 03-2025highest value 05-2025: 0.1%▼ -84.2% vs 04-2025 06-2025: 0.1%● 0.0% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%▼ -4.1% vs 09-2025lowest value 11-2025: 0.1%▲ +2.1% vs 10-2025 12-2025: 0.1%▲ +5.2% vs 11-2025 01-2026: 0.1%▲ +5.0% vs 12-2025 02-2026: 0.1%▲ +4.7% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.2%▲ +36.0% vs 03-2026 05-2026: 0.3%▲ +66.9% vs 04-2026 06-2026: 0.2%▼ -14.3% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.00, cash €16,325, halved raises the probability
  • Founded in 1990 lowers the probability for this profile
  • 1 of the last 3 late raises the probability
  • Size: total assets €18.4m lowers the probability for this profile
Credit up to €1,450,000 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.64 in 2024; short-term debt: 10.9% and cash: 0.1% of total assets), and 10.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, medium-sized). Better than this share of them on solvency 93%, liquidity 70%, profitability 77%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.00, cash €16,325, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €18.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
19 d early
2023
122 d late
2022
25 d early
2021
46 d early
2020
59 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 11 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Name match with a sanctions list

1 entry
SHAHID MEISAMI GROUPalias S.M.G.
OFAC SDN list (United States) · programme IFSR · IFSR / NPWMD · exact name match (100%)

A name match is not a finding that this company itself is on the list; check the entry at the source.

  1. Annual accounts filedfiscal year 2025 · full…
  2. Back to profitnet €454,369
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Name on a sanctions lista name, not a verdict: check the source Match View
  • Positive: Back in profit in 2025after -€383,753 in 2024 €454,369 View
  • Positive: Company by equity in Marche-en-Famenne, Wholesale and retail…in the Checked rankings #1 View

By topic

Financials

Fiscal year
2025
Total assets
€18.4m
Profit
€454,369
Solvency
89.1%
Turnover▼ 0.9%
Net result
20202022
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-04-2027
  1. 30-04-2026Annual accounts filed
  2. 30-09-2025Back to profit
  3. 11-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of construction materials, general rangeNACE 46831
Founded
26-07-1990
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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