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Complete company report
Generated 17-08-2026
Active BE 0745.570.704Private limited company

Menuiserie Générale Alliance

· 6 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Menuiserie Générale Alliance is 12.9% (high). The 2023 annual accounts show equity of €1k and a net result of €2k. Equity is growing by ~117% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €1k
Net result €2k
Active 6 yrs
Board 2
Financial profile 5 of 5 axes measured · computed by Checked
Health58Profitability58Solvency12Growth52Stability84
53 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 58
Profitability 58
Solvency 12
Growth 52
Stability 84
Bankruptcy probability (12 mo) Checked model v1 · free
12.9% High
0%0,5%1,5%4%10%≥25%
Recent warning signals +No NACE activity registered +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 1 signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags2 events
Address struckAddress strikeout annulled
Health barometer FY 2023 · computed
58 / 100 Fair
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 16-10-2023 with the NBB · fiscal year 2023 · verkort
€-100k€0€100k€200kRevenue 2021: €242k€242kOperating result 2021: €-8k€-8kNet result 2021: €-8k€-8kRevenue 2022: €198k€198kOperating result 2022: €2k€2kNet result 2022: €1k€1kRevenue 2023: €173k€173kOperating result 2023: €3k€3kNet result 2023: €2k€2k202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~117%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-3k€0€3k€5k€8k2024: €3k (€3k - €3k)2025: €5k (€4k - €5k)2026: €6k (€6k - €6k)2021: €-2k2022: €-6782023: €1k202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€173k
-13.1% 21-23
EBITDA
€15k
+8.8% 21-23
Net profit
€2k
+75.7% 21-23
Cash flow
€13k
+7.1% 21-23
Total assets
€46k
-33.4% 21-23
Equity
€1k
- 21-23
Working capital
€-2k
+77.0% 21-23
Income taxes
€939
+40.5% 21-23
Show 12 other metrics
Debt
€44k
-36.1% 21-23
Debt ≤ 1y
€39k
-31.3% 21-23
Debt > 1y
€6k
-56.8% 21-23
Current ratio
0.95
+10.6% 21-23
Quick ratio
0.95
+10.6% 21-23
Solvency
3.0%
- 21-23
Debt / equity
32.22
- 21-23
ROE
149.2%
- 21-23
ROA
4.5%
+164.0% 21-23
Net margin
1.2%
+102.1% 21-23
EBITDA margin
8.5%
+25.2% 21-23
Interest coverage
44.70
-0.2% 21-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue€173k
EBITDA€15k
Net profit€2k
Cash flow€13k
Staff costs-
Income taxes€939
Dividends-
Total assets€46k
Equity€1k
Debt€44k
of which ≤ 1y€39k
of which > 1y€6k
Working capital€-2k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.95
Quick ratio0.95
Working capital ratio-3.9%
Solvency3.0%
Debt / equity32.22
Long-term debt ratio4.06
Interest coverage44.70
Gross margin9.1%
Net margin1.2%
ROA4.5%
ROE149.2%
EBITDA margin8.5%
Days sales outstanding60d
Days payable outstanding56d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€46k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€9k
Current assets 29/58€37k
Amounts receivable within one year 40/41€30k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€46k
Equity 10/15€1k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€-5k
Amounts payable 17/49€44k
Amounts payable after one year 17€6k
Amounts payable within one year 42/48€39k
Trade debts payable within one year 44€24k
Income statement
Turnover 70€173k
Gross operating margin 9900€16k
Operating result 9901€3k
Financial charges 65€327
Result before taxes 9903€3k
Income taxes 67/77€939
Net result for the period 9904€2k
Result to be appropriated 9905€2k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • lliev Stefan Vaskov
    Director
    State Gazette act 25090036 (15-07-2025)
    Current
    15-12-2024 → present
  • ANDREICA GAVRILA
    Director (executive)
    State Gazette act 22082405 (11-07-2022)
    Current
    11-07-2022 → present
Former directors (2)
  • Pletea Draguta
    Director
    State Gazette act 25090036 (15-07-2025)
    Former
    - → 15-12-2024
  • MOCANU AUREL
    Director (executive)
    State Gazette act 22082405 (11-07-2022)
    Former
    - → 26-07-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation23-03-2020
StatusActive
Postal code-
Establishment units 1 location
Menuiserie Générale Alliance
J. Bogemansstraat 190, 1780 WemmelSchrijnwerk
since 20202.300.638.476
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0320/00R000 Flanders 213 m² 1 · 109 m² 12.1 m · 3 fl.
21305C0253/00Z015 Brussels 203 m² 1 · 198 m² 17.5 m · 4 fl.
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.
Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
18-07-2025
KBO administration Address strikeout annulled
15-07-2025
State Gazette act Capital & shares
28-02-2025
KBO administration Address struck
2024
13-05-2024
State Gazette act Capital & shares
2023
16-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2022
31-10-2022
NBB filing Annual accounts filed
fiscal year 2022 · verkort
11-07-2022
State Gazette act Director changes
2021
13-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
Lifecycle & Insolvency Signals2 events
18-07-2025
KBO administration Address strikeout annulled
 · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 28-02-2025 to 18-07-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-02-28 · KBO administration · Address struck2025-07-18 · KBO administration · Address strikeout annulled
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
Capital history · 2
15-07-2025
Capital change
13-05-2024
Capital change
All acts · 3 updated 1 year ago
2025
15-07-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
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      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
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      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "lliev Stefan Vaskov",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
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      "merger_exchange_ratio": null,
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    },
    {
      "kind": "share_transfer",
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      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "mevrouw Pletea Draguta",
          "share_class": null,
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          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
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      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-07-15",
    "filing_date": "2025-07-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2025-07-04",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-12-15"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0745.570.704",
    "name_full": "Menuiserie G\u00E9n\u00E9rale Alliance",
    "legal_form": "besloten vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "lliev Stefan Vaskov",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2024
13-05-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
{
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      "subscribers": [
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          "name": "Pletea Draguta",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
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      "decrease_purpose": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-05-02",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-10-30",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-10-30"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0745.570.704",
    "name_full": "MENUISERIE G\u00C9N\u00C9RALE ALLIANCE",
    "legal_form": "besloten vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Pletea Draguta",
    "org_rep_person_name": null,
    "person_role_at_subject": "bestuurder"
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "Pletea Draguta",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2022
11-07-2022 1 director appointed, 1 resigning Director changes
  • ANDREICA GAVRILA, Directeur
  • MOCANU AUREL, Directeur
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "directeur",
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      },
      "reason": null,
      "subkind": null,
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      "compensated": null,
      "effective_date": "2021-07-26",
      "evidence_quote": "De buitengewone algemene vergadering neemt akte van het ontslag van de meneer MOCANU AUREL als manager van de 26/07/2021",
      "decharge_status": null,
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      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "directeur",
      "person": {
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      },
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      "evidence_quote": "De nieuwe manager van het bedrijf wordt ANDREICA GAVRILA",
      "decharge_status": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-07-11",
    "filing_date": "2022-07-01",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-07-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0745.570.704",
    "name_full": "MENUISERIE GENERALE ALIANCE",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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  },
  "co_filed_documents": [],
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Menuiserie Générale Alliance
AbbreviationNL M.G.A.
Registration history
  1. 18-07-2025 Address strikeout annulled
  2. 28-02-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative