MG
ActiveSummary
MG has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,952 and a net result of €196,341. Its solvency ranks better than 5% of 15,729 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 9000 Gent,Burgstraat 17,bus 101” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Artikel 11.Bestuursorgaan, algemene vergadering bepaalt aantal,duur opdracht en,indien meerdere,bevoegdheid” (deed in Dutch)“Artikel 12.Interne bestuursbevoegdheid, behoudens inrichting door algemene vergadering van college van bestuurders” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 10:00