MG

Active

Private limited companyfounded 2015active for 11 yearsTurnhoutsebaan 408, 2140 Antwerpen, BelgiumKBO/BCE: BE 0628.563.661

Summary

MG has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,876 and a net result of €12,222. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 56% of 22,650 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow Report Compare

MGActiveChecked score 69/100

Risk analysis Report Compare

Activity

Non-specialised retail sale with food, beverages or tobacco predominating

NACE 47110

1 site

Size

€432,962turnover 2025

Staff: 0.2 FTE
Equity: €56,876
Profit: €12,222

Financial health

69 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.8%

Structure

MEHAR Usman SaeedDirector

2025 accounts 7 days early1 of 7 deeds summarised

Why 69raises riskSize: turnover €432,962, total assets €140,589Sector: Retail trade (NACE 47)Liquidity: current ratio 1.41, cash €1,636, halvedlowers riskFounded in 2015Show the evidence

Checked score

Score 2025

69 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 49% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 65-21

equity 40.5% of total assets

Liquidity 26-34

short-term debt 50.8% · cash 1.2%

Profitability 68-5

return on assets 8.7%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,268 companies, NACE 47, micro)

Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.4%▲ +0.1 percentage points vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.7%▼ -0.7 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.6%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: 0.6%● unchanged vs 10-2025lowest value 12-2025: 0.6%● unchanged vs 11-2025lowest value 01-2026: 0.7%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.6%▼ -0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026

Credit of up to €3,500 on 30-day terms is acceptable

Liquidity tight (current ratio 1.41, compared with 2.49 in 2024, below the usual 1.5; short-term debt: 50.8% and cash: 1.2% of total assets), and 59.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 56% on solvency, 23% on liquidity, 48% on profitability and 71% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: turnover €432,962, total assets €140,589

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2015

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Retail trade (NACE 47)

KBO

Liquidity: current ratio 1.41, cash €1,636, halved

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

7 days early

2024

31 days early

2023

5 days late

2022

193 days late

2021

556 days late

2020

47 days late

2019

13 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 111 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 August (4 of the last 5 filed years within 187 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-07-2026 Annual accounts filedfinancial year 2025 · micro…
30-06-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Highest result from 2018 to 2025net €13,097 ▲607%

Key points

Positive: 8 profitable years in a rowprofit 2025: €12,222 8 years View
One director decidessole director in office 1 View
Turnover 20253 financial years filed €432,962 View

By topic

Financials

Financial year: 2025
Turnover: €432,962
Profit: €12,222
Solvency: 40.5%

Turnover▲ 10.0%

Net result

20232025

Go to Financials

Board & ownership

Board: 1 member

MEHAR Usman SaeedDirector

Go to Board & ownership

Timeline

Events: 13
Since: 2017
Next accounts: by 31-07-2027

05-08-2024Annual accounts filed
22-02-2024Reappointment: MEHAR Usman Saeed (director)
09-02-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Non-specialised retail sale with food, beverages or tobacco…NACE 47110
Founded: 14-04-2015
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 34

Purpose: “De regelmatige exploitatie,verhuur,operationele leasing zonder bedieningspersoneel van…” (deed in Dutch)

Go to Articles of association

Key facts about MG

What is the company number of MG?: 0628.563.661. In Belgium the VAT number is the company number with BE in front: BE 0628.563.661.
Where is MG based?: The registered office is at Turnhoutsebaan 408, 2140 Antwerpen.Company details
What does MG do?: According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of MG?: Private limited company (BV).
When was MG founded?: On 14-04-2015.
Is MG still active?: Yes, MG is an active enterprise in the KBO register.
How many employees does MG have?: On average 0.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MG?: €432,962 in financial year 2025, according to the filed annual accounts.
Is MG profitable?: In financial year 2025, MG made a profit of €12,222.
Where can I find the annual accounts of MG?: MG filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MG due?: By 31-07-2027, for financial year 2026.Timeline