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M G S ELECTRONICS

Active
Public limited companyfounded 1990active for 35 yearsAvenue 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 Official 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 about 2.9% per year across the filed financial years. Its solvency ranks better than 69% of 19,154 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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M G S ELECTRONICSActiveChecked score 58/100
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Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“L'achat et la vente,l'importation et l'exportation,la commercialisation et la représentation,la conception de tous…” (deed in French)
3 activities (deed in French)
  1. L'achat et la vente,l'importation et l'exportation,la commercialisation et la représentation,la conception de tous articles,objets,produits,marchandises et matériaux de quelque nature que ce soit
  2. La réalisation et l'organisation d'étude de marché,de mission de prospection et de recherche de clientèle ainsi que la gestion commerciale,administrative et financière pour toutes sociétés,entreprises et associations
  3. L'achat,la vente,la location et sous-location,l'échange,la construction,la transformation,la valorisation,l'exploitation,la gestion de tous commerces et de tous biens immobiliers privés ou commerciaux,bâtis ou non,au sens le plus large

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
M G S ELECTRONICS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Simple décision, Région wallonne” (deed in French)

deed of 26-01-2026

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“6 ans, 3” (deed in French)
“Si et dans quelle mesure indemnite fixe ou variable, assemblee generale a chaque nomination” (deed in French)

deed of 26-01-2026

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, usufruitier et nu-propriétaire inscrits séparément avec mention des droits” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 26-01-2026

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Tuesday of May at 18:00

deed of 26-01-2026

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque raison à tout moment, liquidateurs nommés par assemblée générale” (deed in French)
1 more provision on this in the deed

deed of 26-01-2026

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Actions à souscrire en espèces, droit de préférence en cas de souscription en espèces” (deed in French)
Other provision: “Appels de fonds, lettre recommandée avec compte bancaire” (deed in French)
Other provision: “Nominatifs, usufruitier et nu-propriétaire inscrits séparément avec indication des droits” (deed in French)
Other provision: “Toute action indivisible, indivisibilité des actions” (deed in French)
Other provision: “Indique dans convocation sinon siege, convocation conseil administration” (deed in French)
Other provision: “Proces-verbaux_conseil_administration, proces-verbaux_signes_par_president_reunion_et_majorite_moins_membres_presents/administrateurs_qui_le…” (deed in French)
Other provision: “Pouvoirs conseil administration, tous actes necessaires ou utiles realisation objet” (deed in French)
Other provision: “Gestion journaliere, conseil determine seul ou conjointement” (deed in French)
Other provision: “Controle societe commissaires, un ou plusieurs commissaires” (deed in French)
Other provision: “Composition bureau assemblee, actionnaire designe par assemblee” (deed in French)
Other provision: “Deliberation assemblee generale, circonstances exceptionnelles inconnues a convocation exigeant decision interet societe” (deed in French)
Other provision: “Toutes decisions pouvoir assemblee, assemblee generale procedure ecrite” (deed in French)
Other provision: “Droit de vote, actions sans droit de vote selon loi” (deed in French)
Other provision: “Conseil d'administration, trois semaines” (deed in French)
Liquidation distribution: “Même façon, paiement dettes charges frais ou consignation” (deed in French)
Other provision: “Litiges, affaires société entre société actionnaires administrateurs délégués représentants permanents directeurs anciens et liquidateurs et…” (deed in French)
Other provision: “Communications sommations assignations significations valables, élection de domicile” (deed in French)
Other provision: “Application Code des sociétés et des associations, réputées inscrites” (deed in French)
6 more provisions in the deed, see the deed of 26-01-2026

deed of 26-01-2026

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