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MG

Active
Private limited companyfounded 201511 yrs activeTurnhoutsebaan 408, 2140 Antwerpen, BelgiumKBO/BCE: BE 0628.563.661

MG has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €12k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
73 / 100
Healthy▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+1
Solvency71▼-28
Growth78▼-4
Stability100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 2.49 in 2024), and 59.5% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
40.5%
Return on assets
8.7%
Age of the figures
8 mo
neutral · 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 d early
2024
31 d early
2023
5 d late
2022
193 d late
2021
556 d late
2020
47 d late
2019
13 d late
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover
€433k▲ 10.0%
2024 · €394k
2023: €334k 2024: €394k
2023 → 2025
EBIT margin
4.2%▼ 0.3pp
2024 · 4.5%
2023: 1.0% 2024: 4.5%
2023 → 2025
Net result
€12k▼ 6.7%
2024 · €13k
2018: €-1k 2019: €4k 2020: €4k 2021: €4k 2022: €2k 2023: €2k 2024: €13k
2018 → 2025
Working capital
€29k▼ 33.0%
2024 · €43k
2018: €11k 2019: €16k 2020: €18k 2021: €22k 2022: €88k 2023: €32k 2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€334k€394k▲ 17.7%€433k▲ 10.0%
Equity€22k-€24k▲ 10.8%€32k▲ 29.3%€45k▲ 41.5%€57k▲ 27.4%
Operating result€4k-€4k▲ 13.5%€3k▼ 25.7%€18k▲ 457%€18k▲ 2.1%
Net result€4k-€2k▼ 35.1%€2k▼ 21.9%€13k▲ 607%€12k▼ 6.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5k€10k€15k€20kOperating result 2021: €4k€4kNet result 2021: €4k€4kOperating result 2022: €4k€4kNet result 2022: €2k€2kOperating result 2023: €3k€3kNet result 2023: €2k€2kOperating result 2024: €18k€18kNet result 2024: €13k€13kOperating result 2025: €18k€18kNet result 2025: €12k€12k20212022202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141k
Fixed assets €40k▲ 3,027%
Current assets €100k▲ 38.7%
Equity and liabilities €141k
Equity €57k▲ 27.4%
Debt €84k▲ 188%
The debt ratio rises from 39.4% to 59.5%: debt grows faster than equity.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25k
2024 · €18k
Cash flow
€19k
2024 · €13k
Solvency
40.5%
2024 · 60.6%
Current ratio
1.41
2024 · 2.49
Quick ratio
0.14
2024 · 0.59
Debt / equity
1.47
2024 · 0.65
ROE
21.5%
2024 · 29.3%
ROA
8.7%
2024 · 17.8%
Interest coverage
8.74
2024 · 15.08
Debt
€84k
2024 · €29k
Debt ≤ 1 year
€71k
2024 · €29k
Debt > 1 year
€12k
Income taxes
€3k
2024 · €4k
Staff costs
€398
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€74k€141k
Fixed assets21/28€1k€40k
Tangible fixed assets22/27€1k€40k
Furniture and vehicles24€1k€40k
Current assets29/58€72k€100k
Stocks and contracts in progress3€55k€90k
Stocks30/36€55k€90k
Amounts receivable within one year40/41€373€8k
Trade receivables40€140€3k
Other amounts receivable41€233€5k
Cash at bank and in hand54/58€17k€2k
Deferred charges and accrued income490/1-€394
Equity and liabilities
Total equity and liabilities10/49€74k€141k
Equity10/15€45k€57k
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€24k€36k
Amounts payable17/49€29k€84k
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€29k€71k
Current portion of amounts payable after more than one year42-€12k
Trade debts44€19k€22k
Suppliers440/4€19k€22k
Taxes, remuneration and social security45€10k€24k
Taxes450/3€8k€7k
Remuneration and social security454/9€3k€18k
Other amounts payable47/48-€13k
Income statement Code20242025
Turnover70€394k€433k
Non-recurring operating income76A-€3k
Goods, raw materials, services and sundry goods60/61€435k€487k
Remuneration, social security and pensions62-€398
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221€7k
Other operating charges640/8€1k€8k
Gross operating margin9900€19k€34k
Operating profit (loss)9901€18k€18k
Financial income75/76B-€30
Recurring financial income75-€30
Financial charges65/66B€1k€3k
Recurring financial charges65€1k€3k
Profit (loss) for the period before taxes9903€17k€15k
Income taxes67/77€4k€3k
Profit (loss) for the period9904€13k€12k
Profit (loss) for the period to be appropriated9905€13k€12k
Appropriation of the result
Profit (loss) to be appropriated9906€24k€36k
Profit (loss) brought forward from the previous period14P€11k€24k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €13k ▲607%
Net result €13k, the highest in the series.
05-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
09-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 193 days late
07-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 556 days late
2022
31-12
Financial Liquidity quadruplescurrent ratio 7.65
Current ratio from 2.15 to 7.65; short-term debt falls from €19k to €13k.
2021
16-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
13-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial Back to profitnet €4k
Net result €4k after one loss-making year.
08-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
06-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
25-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
7 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, Antwerpen · 1 establishment unit since 2015
establishment The establishment unit on the map
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.

Turnhoutsebaan 4082140 Antwerpen
Ground area
88 m²
Building footprint
109 m²
Volume, LiDAR
1,503 m³
Parcel 11006A0122/00P002, Flanders · tallest building 17.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MG
Turnhoutsebaan 408, 2140 AntwerpenRetail trade
since 20152.241.761.654
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11006A0122/00P002 Flanders 88 m² 1 · 109 m² 17.5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Antwerpen2.241.761.654
1 permission
Toelating · Detailhandel · since 28-05-2015

Similar companies · same sector, comparable size

Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 4,603 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded14-04-2015
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.