Debts
€1.3m 83% of the balance sheet
Financial debts 17%Suppliers 8%Taxes and wages 12%Other 63%
Of this, €1.0m falls due within a year.
MG
Lifetime
4 annual accounts with figures on one time axispeak €1.3m (2023)
€1.2m▼ 0.8%
lowest -€13,106 (2022)
€42,579▼ 40.7%
peak €267,321 (2025)
€267,321▲ 18.9%
€1.3m▼ 5.4%
peak 17.6 FTE (2025)
17.6 FTE▲ 4.1%
Board3 names since 2021
3 directors and 2 others
Documentsfilings and deeds
18-09-202649 days late
2025abbreviated format
Result from €71,791 to €42,579Equity from €224,742 to €267,321
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,371 companies had the same profile as MG has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,371 companies, not a prediction for MG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
Director
Director
- founderdeed of 28-10-2021
- founderdeed of 28-10-2021
- founderdeed of 28-10-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0775898941
Incorporation
Founders: , and · 99 shares · Appointment: (director) · published on 28-10-2021 · Gazette deed
First establishment
Place de Hanzinne 122, Florennes
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MG Florennes | €1.6m | €1.2m | 16.7% | 17.6 |
| Vlaspand Westerlo | €1.1m | €1.9m | 40.9% | 23.7 |
| LES CERISIERS Anderlues | €2.0m | €1.2m | 39.8% | 17 |
| RC, a World of W Jabbeke | €0.9m | €1.5m | 3.4% | 18.5 |
| RESIDENCE ANAÏS Namur | €0.8m | €2.2m | 24.2% | 31.1 |
| ALAR Soignies | €1.0m | €1.4m | 16.9% | 16.9 |
| Seniors progress G-Line Brussels | €0.9m | €1.9m | 17.2% | 27.7 |
These companies have the same main activity as MG: residential care activities (NACE 87301). They are comparable in size and age: total assets between €781,000 and €2m, founded between 2012 and 2024.
Official details
Source: KBO- Status
- Active since 18-10-2021Normal situation
- Activity
- Residential care activitiesNACE 87301
- Joint committee
- 330Health institutions and services · annual accounts 2025
- Establishment unit
- 2.323.562.2495620 Florennes, since 18-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2026
Annual accounts 2025
- ≈ €1.4mestimated
- €1.6m▼ 2.1%
- Employeeson 31-12-2025
- 27▼ 10.0%
- Filing
- Filed on 18-09-2026
Insights on MG
MG files the abbreviated format. That format states no turnover. The gross margin rose from €1.0m in 2022 to €1.2m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MG
- What is the company number of MG?
- The company number of MG is 0775.898.941. The VAT number is the same number with BE in front: BE 0775.898.941.
- Where is MG based?
- The registered office is at Place de Hanzinne 122, 5620 Florennes.Company details
- What does MG do?
- According to the KBO register, the main activity is residential care activities (NACE 87301).
- What is the legal form of MG?
- MG is a private limited company (BV).
- When was MG founded?
- MG was founded on 18-10-2021.
- Is MG still active?
- Yes, MG is an active enterprise in the KBO register.
- How many employees does MG have?
- MG had an average of 17.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MG fall under?
- In its 2025 annual accounts, MG states joint committee 330 (Health institutions and services).
- What is the turnover of MG?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €1.2m and 44 comparable companies (NACE 87301). It probably lies between €1.3m and €1.6m.
- Is MG profitable?
- In financial year 2025, MG made a profit of €42,579.
- Where can I find the annual accounts of MG?
- MG filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG due?
- MG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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