MANAGEMENT GESTION & SERVICES
Open bankruptcyA bankruptcy procedure is open for MANAGEMENT GESTION & SERVICES according to publications in the Belgian State Gazette; curator: BRANDAAN MOMBAERS. The 2024 annual accounts show negative equity (€-565k) and a net result of €82k.
Signals
Three signals.
+raises risk○neutral
Name match with a sanctions list
1 entrySHAHID MEISAMI GROUPalias S.M.G.
A name match is not a finding that this company itself is on the list; check the entry at the source.
Financials · fiscal year 2024, unclassified schema
Turnover
€0▼ 100%
2022 · €3.78M
2018: €3.07M
2019: €2.75M
2020: €2.25M
2021: €2.62M
2022: €3.78M
2018 → 2023
EBIT margin
9.2%▲ 2.9pp
2021 · 6.3%
2018: 11.9%
2019: 6.7%
2020: 6.8%
2021: 6.3%
2018 → 2022
Net result
€82k▼ 36.4%
2023 · €129k
2018: €332k
2019: €149k
2020: €123k
2021: €120k
2022: €226k
2023: €129k
2018 → 2024
Working capital
€963k▲ 31.4%
2023 · €733k
2018: €-1.63M
2019: €-1.46M
2020: €-1.31M
2021: €-1.16M
2022: €-306k
2023: €733k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.25M-€2.62M▲ 16.0%€3.78M▲ 44.5%€0▼ 100%
Equity€-1.12M-€-1.00M▲ 10.7%€-776k▲ 22.5%€-647k▲ 16.7%€-565k▲ 12.7%
Operating result€154k-€165k▲ 6.6%€349k▲ 112%€321k▼ 8.0%€502k▲ 56.5%
Net result€123k-€120k▼ 2.0%€226k▲ 87.6%€129k▼ 42.7%€82k▼ 36.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 57% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.29M
Fixed assets
€376k▲ 86.5%
Current assets
€10.91M▲ 114%
Key figures and ratios
EBITDA
€541k▲
2023 · €365k
Cash flow
€121k▼
2023 · €174k
Solvency
-5.0%▲
2023 · -12.2%
Current ratio
1.10▼
2023 · 1.17
Quick ratio
1.10▼
2023 · 1.13
Debt / equity
-20.99▼
2023 · -9.21
ROA
0.7%▼
2023 · 2.4%
Interest coverage
1.40▼
2023 · 2.59
Debt
€11.85M▲
2023 · €5.96M
Debt ≤ 1 year
€9.95M▲
2023 · €4.38M
Debt > 1 year
€1.48M▲
2023 · €1.45M
Income taxes
€97k▲
2023 · €88k
Staff costs
€256k▼
2023 · €303k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.31M€11.29M▲
Fixed assets21/28€201k€376k▲
Intangible fixed assets21€2k€220▼
Tangible fixed assets22/27€199k€375k▲
Plant, machinery and equipment23€12k€19k▲
Furniture and vehicles24€96k€65k▼
Other tangible fixed assets26€91k€292k▲
Current assets29/58€5.11M€10.91M▲
Stocks and contracts in progress3€182k€0▼
Stocks30/36€182k€0▼
Goods purchased for resale34€182k€0▼
Amounts receivable within one year40/41€4.84M€10.65M▲
Trade receivables40€4.38M€7.91M▲
Other amounts receivable41€459k€2.74M▲
Cash at bank and in hand54/58€14k€129k▲
Deferred charges and accrued income490/1€75k€135k▲
Equity and liabilities
Total equity and liabilities10/49€5.31M€11.29M▲
Equity10/15€-647k€-565k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-677k€-595k▲
Amounts payable17/49€5.96M€11.85M▲
Amounts payable after more than one year17€1.45M€1.48M▲
Financial debts170/4€19k€12k▼
Credit institutions173€19k€12k▼
Other amounts payable178/9€1.43M€1.47M▲
Amounts payable within one year42/48€4.38M€9.95M▲
Current portion of amounts payable after more than one year42€6k€7k▲
Financial debts43€0-
Other loans439€0-
Trade debts44€2.66M€3.24M▲
Suppliers440/4€2.66M€3.24M▲
Taxes, remuneration and social security45€450k€747k▲
Taxes450/3€422k€714k▲
Remuneration and social security454/9€29k€34k▲
Other amounts payable47/48€1.26M€5.95M▲
Accrued charges and deferred income492/3€131k€425k▲
Income statement
Code20232024
Operating income70/76A€4.34M€4.27M▼
Turnover70€0-
Other operating income74€4.34M€4.26M▼
Non-recurring operating income76A€7k€12k▲
Operating charges60/66A€4.02M€3.77M▼
Purchases600/8€479€18k▲
Change in stocks: decrease (increase)609€-479€-18k▼
Services and other goods61€3.60M€3.38M▼
Remuneration, social security and pensions62€303k€256k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€39k▼
Other operating charges640/8€78k€11k▼
Non-recurring operating charges66A€0€81k▲
Operating profit (loss)9901€321k€502k▲
Financial income75/76B€51k€78k▲
Recurring financial income75€51k€78k▲
Income from current assets751€51k€78k▲
Other financial income752/9€317€1▼
Financial charges65/66B€154k€401k▲
Recurring financial charges65€154k€401k▲
Debt charges650€141k€386k▲
Other financial charges652/9€13k€14k▲
Profit (loss) for the period before taxes9903€218k€179k▼
Income taxes67/77€88k€97k▲
Taxes670/3€88k€97k▲
Profit (loss) for the period9904€129k€82k▼
Profit (loss) for the period to be appropriated9905€129k€82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-677k€-595k▲
Profit (loss) brought forward from the previous period14P€-806k€-677k▲
Social balance
Average headcount (FTE)90876.35.6▼
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MANAGEMENT GESTION & SERVICES BV WATERLOOSESTEENWEG 1135, 1180 UKKEL · event 23-06-2026
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 144 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 182 days late
2024
31-12
Financial
Weakest financial yearnet €82k ▼36.4%
Net result drops to €82k, the lowest in the series.
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 1 day late
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 134 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 136 days late
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 139 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
29 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, Ukkel · 1 establishment unit since 2002
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.
Waterloosesteenweg 11351180 UkkelGround area
3,242 m²
Building footprint
818 m²
Volume, LiDAR
13,722 m³
Parcel 21612C0257/00V000, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MANAGEMENT GESTION & SERVICES - M.G.S. SPRL
since 20022.099.015.662
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0257/00V000 | Brussels | 3,242 m² | 1 · 817 m² | 20.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRANDAAN MOMBAERS LAKENSESTRAAT 154/11,
1000 BRUSSEL 1 |
23-06-2026 → present |
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 3,998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2002
Fiscal year end31-12
Abbreviation FR
M.G.S.
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
70220Business consulting
74142
68201Renting and operating of own or leased residential real estate, excluding social housing
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.