M-G SERVICES
ActiveThe computed 12-month bankruptcy probability of M-G SERVICES is 3.7% (moderate). For M-G SERVICES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €71k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 6120 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability87▼-13
Solvency75▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
50.3%
Return on assets
14.3%
Age of the figures
33 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-12-2024, 131 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
131 d late
2022
121 d late
2021
31 d late
2020
26 d early
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€19k
EBIT margin
-7.5%
Net result
€20k▼ 51.6%
2022 · €41k
2019: €-10k
2020: €-2k
2021: €3k
2022: €41k
2019 → 2023
Working capital
€33k▲ 3,610%
2022 · €886
2019: €-8k
2020: €-1k
2021: €-20k
2022: €886
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€19k
Equity€6k-€4k▼ 31.5%€7k▲ 65.3%€51k▲ 634%€71k▲ 39.5%
Operating result€-10k-€-1k▲ 85.6%€4k€42k▲ 945%€27k▼ 35.1%
Net result€-10k-€-2k▲ 80.9%€3k€41k▲ 1,418%€20k▼ 51.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 35% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €141k
Fixed assets
€59k▲ 18.7%
Current assets
€82k▲ 611%
Equity and liabilities €141k
Equity
€71k▲ 39.5%
Debt
€70k▲ 561%
The debt ratio rises from 17.3% to 49.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▼
2022 · €61k
Cash flow
€38k▼
2022 · €61k
Solvency
50.3%▼
2022 · 82.7%
Current ratio
1.67▲
2022 · 1.08
Quick ratio
1.67▲
2022 · 1.08
Debt / equity
0.99▲
2022 · 0.21
ROE
28.3%▼
2022 · 81.7%
ROA
14.3%▼
2022 · 67.6%
Interest coverage
167.04▼
2022 · 301.10
Debt
€70k▲
2022 · €11k
Debt ≤ 1 year
€49k▲
2022 · €11k
Debt > 1 year
€21k
Income taxes
€7k
Staff costs
€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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€61k€141k▲
Fixed assets21/28€50k€59k▲
Tangible fixed assets22/27€50k€59k▲
Furniture and vehicles24€50k€59k▲
Financial fixed assets28€195€195=
Current assets29/58€11k€82k▲
Amounts receivable within one year40/41€3k€43k▲
Trade receivables40€450€37k▲
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€8k€39k▲
Equity and liabilities
Total equity and liabilities10/49€61k€141k▲
Equity10/15€51k€71k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€32k€52k▲
Amounts payable17/49€11k€70k▲
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€11k€49k▲
Trade debts44€1k€32k▲
Suppliers440/4€1k€32k▲
Taxes, remuneration and social security45€9k€16k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€775€1k▲
Income statement
Code20222023
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€5
Other operating charges640/8€15k€25k▲
Gross operating margin9900€76k€74k▼
Operating profit (loss)9901€42k€27k▼
Financial charges65/66B€203€270▲
Recurring financial charges65€203€270▲
Profit (loss) for the period before taxes9903€41k€27k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€41k€20k▼
Profit (loss) for the period to be appropriated9905€41k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€52k▲
Profit (loss) brought forward from the previous period14P€-9k€32k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Highest result since 2019net €41k ▲1418%
Operating result €42k, net result €41k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.44 to 1.08; short-term debt falls from €35k to €11k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Anderlecht · 1 establishment unit since 2018
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.
Van Souststraat 1051070 AnderlechtGround area
2,398 m²
Building footprint
1,405 m²
Volume, LiDAR
12,898 m³
2 parcels, Brussels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M-G SERVICES
since 20182.273.649.118
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23403H0118/00A005 | Flanders | 1,871 m² | 1 · 880 m² | 13.0 m · 3 fl. |
| 21304B0015/00Y003 | Brussels | 527 m² | 1 · 525 m² | 11.7 m · 3 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
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LIFTA JERUSALEM
BE 0765.989.006
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DANTAX
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TAXI FREDDY
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Of 6,681 companies in sector 49330 we hold annual accounts for 2,284. 1,759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2018
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.