MG CHASSIS
ActiveSummary
MG CHASSIS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180,084 and a net result of €42,896. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-12
Solvency71▲+5
Growth83▼-1
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.47 in 2023; short-term debt: 53.5% and cash: 45.1% of total assets), but 53.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
92 d late
2022
32 d late
2021
31 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.2m▲ 10.2%
2023 · €1.1m
EBIT margin
4.6%▲ 1.2pp
2023 · 3.4%
Net result
€42,896▲ 37.4%
2023 · €31,209
Working capital
€151,373▲ 61.0%
2023 · €94,010
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€608,099€980,822▲ 61.3%€1.1m▲ 8.8%€1.2m▲ 10.2%
Operating result€31,289▲ 209%-€15,916€27,159€36,010▲ 32.6%€54,058▲ 50.1%
Net result€23,178within the sector's middle half▲ 202%-€16,881below the sector's middle half€21,668within the sector's middle half€31,209above the sector's middle half▲ 44.0%€42,896above the sector's middle half▲ 37.4%
EBIT margin-2.6%2.8%▲ 5.4pp3.4%▲ 0.6pp4.6%▲ 1.2pp
Equity€101,192within the sector's middle half▲ 29.7%€84,311within the sector's middle half▼ 16.7%€105,979within the sector's middle half▲ 25.7%€137,188above the sector's middle half▲ 29.4%€180,084above the sector's middle half▲ 31.3%
Total assets€109,754within the sector's middle half▲ 18.6%€127,101within the sector's middle half▲ 15.8%€125,662within the sector's middle half▼ 1.1%€338,382above the sector's middle half▲ 169%€387,511above the sector's middle half▲ 14.5%
Debt€8,562▼ 41.0%€42,790▲ 400%€19,683▼ 54.0%€201,194▲ 922%€207,427▲ 3.1%
Working capital€99,617above the sector's middle half▲ 31.8%€108,598above the sector's middle half▲ 9.0%€93,535above the sector's middle half▼ 13.9%€94,010above the sector's middle half▲ 0.5%€151,373above the sector's middle half▲ 61.0%
Solvency92.2%above the sector's middle half▲ 7.9pp66.3%above the sector's middle half▼ 25.9pp84.3%above the sector's middle half▲ 18.0pp40.5%within the sector's middle half▼ 43.8pp46.5%within the sector's middle half▲ 5.9pp
Current ratio12.64above the sector's middle half▲ 6.4314.94above the sector's middle half▲ 2.315.75above the sector's middle half▼ 9.191.47within the sector's middle half▼ 4.281.73within the sector's middle half▲ 0.26
Return on assets (ROA)21.1%above the sector's middle half▲ 12.8pp-13.3%below the sector's middle half▼ 34.4pp17.2%within the sector's middle half▲ 30.5pp9.2%within the sector's middle half▼ 8.0pp11.1%within the sector's middle half▲ 1.8pp
Staff (FTE)0.4below the sector's middle half▼ 20.0%1.5
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €387,511
Fixed assets
€28,710 ▼ 33.5%
Current assets
€358,800 ▲ 21.5%
Equity and liabilities €387,511
Equity
€180,084 ▲ 31.3%
Debt
€207,427 ▲ 3.1%
Debt's share of the balance-sheet total falls from 59.5% to 53.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,526▲
2023 · €42,948
Cash flow
€57,363▲
2023 · €38,147
Quick ratio
1.58▲
2023 · 1.32
Debt to equity
1.15▼
2023 · 1.47
ROE
23.8%▲
2023 · 22.7%
Interest coverage
-37.65▼
2023 · 49.31
Debt ≤ 1 year
€207,427▲
2023 · €201,194
Income taxes
€12,982▲
2023 · €3,932
Staff costs
€142,170▲
2023 · €95,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €608,099 | €980,822 | €1.1m | €1.2m | ▲ 10.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €625,628 | €889,713 | €946,651 | €971,316 | ▲ 2.6% |
| Remuneration, social security and pensions62 | - | €936 | €63,993 | €95,615 | €142,170 | ▲ 48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €833 | €1,650 | €3,164 | €6,938 | €14,468 | ▲ 109% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €35,000 | - | - | - | - |
| Other operating charges640/8 | - | €2,479 | €1,792 | €1,529 | €8,692 | ▲ 468% |
| Gross operating margin9900 | €53,248 | €24,149 | €96,109 | €140,093 | €219,387 | ▲ 56.6% |
| Operating profit (loss)9901 | €31,289 | -€15,916 | €27,159 | €36,010 | €54,058 | ▲ 50.1% |
| Financial income75/76B | - | €22 | €63 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €55 | €22 | €63 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €1,040 | €767 | €871 | -€1,820 | ▼ 309% |
| Recurring financial charges65 | €1,185 | €1,040 | €767 | €871 | -€1,820 | ▼ 309% |
| Profit (loss) for the period before taxes9903 | €30,159 | -€16,934 | €26,455 | €35,141 | €55,878 | ▲ 59.0% |
| Income taxes67/77 | €6,981 | -€53 | €4,787 | €3,932 | €12,982 | ▲ 230% |
| Profit (loss) for the period9904 | €23,178 | -€16,881 | €21,668 | €31,209 | €42,896 | ▲ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €23,178 | -€16,881 | €21,668 | €31,209 | €42,896 | ▲ 37.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,754 | €127,101 | €125,662 | €338,382 | €387,511 | ▲ 14.5% |
| Fixed assets21/28 | €1,575 | €10,714 | €12,445 | €43,178 | €28,710 | ▼ 33.5% |
| Tangible fixed assets22/27 | €1,525 | €10,664 | €12,395 | €43,128 | €28,660 | ▼ 33.5% |
| Land and buildings22 | - | - | - | €4,444 | €3,954 | ▼ 11.0% |
| Plant, machinery and equipment23 | - | €10,664 | €7,706 | €5,439 | €3,334 | ▼ 38.7% |
| Furniture and vehicles24 | - | - | €1,918 | €30,766 | €19,186 | ▼ 37.6% |
| Other tangible fixed assets26 | - | - | €2,771 | €2,479 | €2,187 | ▼ 11.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €108,179 | €116,387 | €113,218 | €295,204 | €358,800 | ▲ 21.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €25,000 | - |
| Other amounts receivable291 | - | - | - | - | €25,000 | - |
| Stocks and contracts in progress3 | €2,802 | €5,831 | €0 | €30,068 | €30,068 | = |
| Stocks30/36 | - | €5,831 | €0 | €30,068 | €30,068 | = |
| Amounts receivable within one year40/41 | €25,325 | €61,440 | €64,739 | €123,432 | €120,295 | ▼ 2.5% |
| Trade receivables40 | - | €36,321 | €39,730 | €97,116 | €98,684 | ▲ 1.6% |
| Other amounts receivable41 | - | €25,119 | €25,009 | €26,316 | €21,611 | ▼ 17.9% |
| Cash at bank and in hand54/58 | €80,052 | €47,520 | €46,756 | €140,215 | €174,915 | ▲ 24.7% |
| Deferred charges and accrued income490/1 | - | €1,597 | €1,723 | €1,489 | €8,522 | ▲ 472% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,754 | €127,101 | €125,662 | €338,382 | €387,511 | ▲ 14.5% |
| Equity10/15 | €101,192 | €84,311 | €105,979 | €137,188 | €180,084 | ▲ 31.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €0 | - | - | - |
| Issued capital100 | - | €18,600 | €0 | - | - | - |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €80,732 | €63,851 | €85,519 | €116,728 | €159,624 | ▲ 36.7% |
| Amounts payable17/49 | €8,562 | €42,790 | €19,683 | €201,194 | €207,427 | ▲ 3.1% |
| Amounts payable within one year42/48 | €8,562 | €7,790 | €19,683 | €201,194 | €207,427 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €0 | €0 | - | €0 | - |
| Trade debts44 | €0 | €0 | €2,594 | €93,885 | €100,277 | ▲ 6.8% |
| Suppliers440/4 | - | - | €2,594 | €93,885 | €100,277 | ▲ 6.8% |
| Advances received on contracts in progress46 | - | - | - | €57,424 | €51,098 | ▼ 11.0% |
| Taxes, remuneration and social security45 | - | €7,790 | €13,551 | €49,884 | €56,052 | ▲ 12.4% |
| Taxes450/3 | - | €7,790 | €11,278 | €35,749 | €30,976 | ▼ 13.4% |
| Remuneration and social security454/9 | - | €0 | €2,273 | €14,136 | €25,076 | ▲ 77.4% |
| Other amounts payable47/48 | - | €0 | €3,538 | - | €0 | - |
| Accrued charges and deferred income492/3 | - | €35,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,178 | -€16,881 | €21,668 | €31,209 | €42,896 | ▲ 37.4% |
| + Depreciation and write-downs630 | €833 | €1,650 | €3,164 | €6,938 | €14,468 | ▲ 109% |
| Operating cash flow (approximation) | €24,011 | -€15,231 | €24,832 | €38,147 | €57,363 | ▲ 50.4% |
| Investment in fixed assets (approximation) | - | -€10,789 | -€4,894 | -€37,671 | €0 | ▲ 100% |
| Change in cash | - | -€32,532 | -€763 | €93,459 | €34,701 | ▼ 62.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Highest result since 2018net €42,896 ▲37.4%
Operating result €54,058, net result €42,896, both a record.
31-12
Financial
Equity above €150,000Eq €180,084 ▲31.3%
3 profitable years in a row build equity to €180,084.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €21,668
Net result €21,668 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €105,979 ▲25.7%
Equity rises from €84,311 to €105,979.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€16,881
Net result drops to -€16,881, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 12.64
Current ratio from 6.21 to 12.64; short-term debt falls from €14,516 to €8,562.
31-12
Financial
Equity above €100,000Eq €101,192 ▲29.7%
3 profitable years in a row build equity to €101,192.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Dison · 1 establishment unit since 2023
Ground area
151 m²
Building footprint
64 m²
Parcel 63020C0010/00K012, Wallonia. Linked by address, not a title deed.
1 establishment unit
MG Chassis
since 20232.341.324.731
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63020C0010/00K012indicative | Wallonia | 151 m² | 1 · 64 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 7,518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43410Roofing work
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630953524
Also
9925:BE0630953524
Registered
24-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.