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MG AUTOS

Active
Private limited companyfounded 2022active for 4 yearsAssesteenweg 116 A, 1740 Ternat, BelgiumKBO/BCE: BE 0783.834.927
Summary

The computed 12-month bankruptcy probability of MG AUTOS is 2.8% (moderate). The 2024 annual accounts show equity of €50,974 and a net result of €15,641. Equity is growing by about 32% per year across the filed financial years. Its solvency ranks better than 58% of 25,598 sector peers (NACE 47, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811
1 site
Size
€123,215total assets 2024
Equity
€50,974
Profit
€15,641
Financial health
53 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.8%
Structure
Accounts 72 days overdue0 of 1 deed read
Why 53raises riskFigures for financial year 2024 (filed 29-08-2025)Founded in 20221 financial year not filed after the legal deadline; latest accounts 27 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 1.71, cash €38,697Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 64% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Strong
Solvency 66+4
equity 41.4% of total assets
Liquidity 59+34
short-term debt 58.6% · cash 31.4%
Profitability 69+13
return on assets 12.7%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,187 companies, NACE 47, micro)
Last 24 months 11-2024: 2.3% 12-2024: 3.0%▲ +0.7 percentage points vs 11-2024 01-2025: 3.9%▲ +0.9 percentage points vs 12-2024 02-2025: 3.9%● unchanged vs 01-2025 03-2025: 3.9%● unchanged vs 02-2025 04-2025: 3.9%● unchanged vs 03-2025 05-2025: 4.0%▲ +0.1 percentage points vs 04-2025 06-2025: 3.8%▼ -0.2 percentage points vs 05-2025 07-2025: 3.8%● unchanged vs 06-2025 08-2025: 4.5%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 1.2%▼ -3.3 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 0.9%▼ -0.3 percentage points vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.8%▼ -0.1 percentage points vs 02-2026lowest value 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.5%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +0.3 percentage points vs 08-2026 10-2026: 2.8%▲ +1.0 percentage point vs 09-2026
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.71, compared with 1.59 in 2023; short-term debt: 58.6% and cash: 31.4% of total assets), but 58.6% of the assets are financed with debt.
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, 65% on liquidity, 50% on profitability and 85% on growth.

The bankruptcy probability was computed on 10-10-2026 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
raises risk · Figures for financial year 2024 (filed 29-08-2025)
NBB · annual accounts
raises risk · Founded in 2022
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.71, cash €38,697
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 27 days late; 1 of the last 3 late
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
27 days late
2023
135 days late
2022
16 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 59 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 (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Highest result from 2022 to 2024net €15,641 ▲124%
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
  • Total assets 20243 financial years filed €123,215 View
  • Active since 2022founded 25-03-2022 4 years View

By topic

Financials

Financial year
2024
Total assets
€123,215
Profit
€15,641
Solvency
41.4%
Total assets▲ 29.3%
Net result
20222024
Go to Financials

Timeline

Events
5
Since
2023
  1. 31-12-2023Weakest financial year
  2. 16-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of cars and light vans (up…NACE 47811
Founded
25-03-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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