MG CARRELAGE

Active

Private limited companyfounded 2018active for 8 yearsRue de Noupré 2, 5620 Florennes, BelgiumKBO/BCE: BE 0700.593.782

Summary

The computed 12-month bankruptcy probability of MG CARRELAGE is 2.0% (moderate). The annual accounts of MG CARRELAGE for financial year 2025 show a net loss of 120% of total assets and of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €3,319 and a net result of -€19,024. Equity is shrinking by about 6% per year across the filed financial years. Its solvency ranks better than 23% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MG CARRELAGEActiveChecked score 51/100

Risk analysis Report Compare

Activity

Site preparation

NACE 43120Floor and wall tiling NACE 43331

1 site

Size

€78,162turnover 2025

Equity: €3,319
Loss: -€19,024

Financial health

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.0%

Structure

2025 accounts 34 days early1 of 3 deeds summarised

Why 51raises risk1 change of registered office in 24 monthsLoss of €19,024, the second in a row (financial year 2025)Equity €3,319 (21.0% of total assets)lowers riskSize: turnover €78,162, total assets €15,825Show the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 12% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 46-53

equity 21.0% of total assets

Liquidity 24-66

short-term debt 79.0% · cash 13.4%

Profitability 0-17

return on assets -120.2%

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.9%▲ +0.1 percentage points vs 12-2024 02-2025: 0.7%▼ -0.2 percentage points vs 01-2025lowest value 03-2025: 0.7%● unchanged vs 02-2025lowest value 04-2025: 0.7%● unchanged vs 03-2025lowest value 05-2025: 0.7%● unchanged vs 04-2025lowest value 06-2025: 0.7%● unchanged vs 05-2025lowest value 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.9%▲ +0.2 percentage points vs 10-2025 12-2025: 0.8%▼ -0.1 percentage points vs 11-2025 01-2026: 0.9%▲ +0.1 percentage points vs 12-2025 02-2026: 2.0%▲ +1.1 percentage points vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.0%● unchanged vs 07-2026highest value 09-2026: 1.8%▼ -0.2 percentage points vs 08-2026 10-2026: 2.0%▲ +0.2 percentage points vs 09-2026

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity insufficient (current ratio 0.95, compared with 3.54 in 2024, below 1; short-term debt: 79% and cash: 13.4% of total assets), and 79% 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 43, micro): better than 23% on solvency, 13% on liquidity, 4% on profitability and 6% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Seven signals.

lowers riskraises riskneutral

Size: turnover €78,162, total assets €15,825

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

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Loss of €19,024, the second in a row (financial year 2025)

NBB · annual accounts

Equity €3,319 (21.0% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

19202122232425

2019 to 2025 · latest year -€19,024

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 34678 sector peers (2025).

NBB · sector comparison

Position among 34678 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-12-2025, 34 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

34 days early

2024

7 days early

2023

50 days early

2022

3 days late

2021

53 days early

2020

59 days early

2019

51 days early

← 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 36 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 December (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end24-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-12-2025 Annual accounts filedfinancial year 2025 · micro…
30-06-2025 Weakest financial yearnet -€19,024
24-01-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: 4 loss-making years in a rowloss financial year 2025 -€19,024 View
Caution: Among the weakest 8% on net resultsector median €10,244 · 34,665 companies -€19,024 View
Caution: Turnover fell in 2025from €161,487 to €78,162 ▼ 51.6% View

By topic

Financials

Financial year: 2025
Turnover: €78,162
Loss: -€19,024
Solvency: 21.0%

Turnover▼ 51.6%

Net result

20192025

Go to Financials

Timeline

Events: 11
Since: 2019
Next accounts: by 31-01-2027

03-01-2025Resignation: Heyne François (director and manager)
12-12-2023Annual accounts filed
03-02-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Site preparationNACE 43120
Founded: 02-08-2018
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MG CARRELAGE

What is the company number of MG CARRELAGE?: 0700.593.782. In Belgium the VAT number is the company number with BE in front: BE 0700.593.782.
Where is MG CARRELAGE based?: The registered office is at Rue de Noupré 2, 5620 Florennes.Company details
What does MG CARRELAGE do?: According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of MG CARRELAGE?: Private limited company (BV).
When was MG CARRELAGE founded?: On 02-08-2018.
Is MG CARRELAGE still active?: Yes, MG CARRELAGE is an active enterprise in the KBO register.
What is the turnover of MG CARRELAGE?: €78,162 in financial year 2025, according to the filed annual accounts.Financials
Is MG CARRELAGE profitable?: In financial year 2025, MG CARRELAGE made a loss of €19,024.
Where can I find the annual accounts of MG CARRELAGE?: MG CARRELAGE filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MG CARRELAGE due?: By 31-01-2027, for financial year 2026.Timeline