The computed 12-month bankruptcy probability of MCG is 6.4% (elevated). For MCG, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €12,354 and a net result of -€7,596. Equity is shrinking by about 21% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 52% of 13,777 sector peers (NACE 69, financial year 2023). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Signalsraises riskFigures for financial year 2023 (filed 19-08-2024)1 change of registered office in 24 months2 financial years not filed after the legal deadline; latest accounts 16 days lateTwo or more financial years not filedAdministrative warnings in the KBO publicationslowers riskSector: Legal and accounting activities (NACE 69)neutralFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Average
Solvency85-11
equity 59.7% of total assets
Liquidity54-10
short-term debt 40.3% · cash 18.0%
Profitability0-6
return on assets -36.7%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
6.4%Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median < 0.1% (20,019 companies, NACE 69, micro)
Last 24 months11-2024: < 0.1%lowest value12-2024: < 0.1%● unchanged vs 11-2024lowest value01-2025: 0.2%▲ +0.2 percentage points vs 12-202402-2025: 0.2%● unchanged vs 01-202503-2025: 0.2%● unchanged vs 02-202504-2025: 0.2%● unchanged vs 03-202505-2025: 0.2%● unchanged vs 04-202506-2025: 0.2%● unchanged vs 05-202507-2025: 0.3%▲ +0.1 percentage points vs 06-202508-2025: 0.4%▲ +0.1 percentage points vs 07-202509-2025: 0.4%● unchanged vs 08-202510-2025: 0.7%▲ +0.3 percentage points vs 09-202511-2025: 0.7%● unchanged vs 10-202512-2025: 0.9%▲ +0.2 percentage points vs 11-202501-2026: 1.7%▲ +0.8 percentage points vs 12-202502-2026: 1.7%● unchanged vs 01-202603-2026: 3.4%▲ +1.7 percentage points vs 02-202604-2026: 3.1%▼ -0.3 percentage points vs 03-202605-2026: 3.1%● unchanged vs 04-202606-2026: 3.1%● unchanged vs 05-202607-2026: 3.1%● unchanged vs 06-202608-2026: 4.9%▲ +1.8 percentage points vs 07-202609-2026: 6.4%▲ +1.5 percentage points vs 08-2026highest value10-2026: 6.4%● unchanged vs 09-2026highest value
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.
31-12-2024 year end31-07-2025 deadline12-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-08-2024, 16 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.