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M G S ELECTRONICS

Active
Public limited companyfounded 199035 yrs activeAvenue du Commerce 30, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0442.526.866
Summary

M G S ELECTRONICS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.8m and a net result of €795,058. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 19372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
M G S ELECTRONICSActiveChecked score 58/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
#4 company by equity in Braine-l'Alleud, Real estate sector1 site
Size
€5.1mtotal assets 2024
Equity
€2.8m
Profit
€795,058
Turnover not published (abridged schema)
Financial health
58 Fair Checked score 2024
Bankruptcy chance 12 m
1.1%
Structure
Accounts 64 d overdue0 of 12 deeds read
Why 58Capped at 59: a confirmed filing finding- 1 financial year not filed after the legal deadline; latest accounts 208 days late; 3 of the last 3 late- Figures for FY 2024 (filed 25-02-2026)- 1 change of registered office in 24 months+ Founded in 1990Show the evidence

Checked score

Score 2024
58 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 86% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 81+9
equity 55.5% of total assets
Liquidity 63+12
short-term debt 9.4% · cash 10.3%
Profitability 88+74
return on assets 15.6%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,922 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -3.4% vs 12-2024lowest value 02-2025: 0.1%▲ +1.4% vs 01-2025 03-2025: 0.1%▲ +0.7% vs 02-2025 04-2025: 0.2%▲ +4.8% vs 03-2025 05-2025: 0.2%▲ +5.9% vs 04-2025 06-2025: 0.2%▲ +10.5% vs 05-2025 07-2025: 0.2%▲ +20.1% vs 06-2025 08-2025: 0.3%▲ +57.2% vs 07-2025 09-2025: 0.4%▲ +12.7% vs 08-2025 10-2025: 0.5%▲ +38.1% vs 09-2025 11-2025: 0.6%▲ +10.1% vs 10-2025 12-2025: 0.8%▲ +29.7% vs 11-2025 01-2026: 1.7%▲ +120% vs 12-2025 02-2026: 2.8%▲ +68.3% vs 01-2026highest value 03-2026: 0.4%▼ -86.3% vs 02-2026 04-2026: 0.4%▲ +2.6% vs 03-2026 05-2026: 0.4%▼ -1.5% vs 04-2026 06-2026: 0.4%▲ +5.7% vs 05-2026 07-2026: 0.5%▲ +13.7% vs 06-2026 08-2026: 0.6%▲ +30.2% vs 07-2026 09-2026: 0.7%▲ +18.5% vs 08-2026 10-2026: 1.1%▲ +54.1% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 208 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 25-02-2026) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Founded in 1990 lowers the probability for this profile
Credit up to €160,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.62 against 2.28 in 2023; short-term debt: 9.4% and cash: 10.3% of total assets), and 44.5% 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 68, small). Better than this share of them on solvency 72%, liquidity 89%, profitability 96%, growth against the median 88%. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 208 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 25-02-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €2.8m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
208 d late
2023
61 d late
2022
102 d late
2021
113 d late
2020
102 d late
2019
139 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 121 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €795,058
  3. Liquidity doublescurrent ratio 4.62

Key points

  • Positive: Back in profit in 2024after -€179,312 in 2023 €795,058 View
  • Positive: Among the best 5% on net resultsector median €4,436 · 19,358 companies €795,058 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€5.1m
Profit
€795,058
Solvency
55.5%
Total assets▲ 18.0%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 24-02-2026Annual accounts filed
  2. 31-12-2024Back to profit
  3. 31-12-2024Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
19-11-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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