MG COMPANY
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of MG COMPANY is 3.0% (moderate). The 2025 annual accounts show negative equity (-€24,774) and a net result of -€21,793. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 3,298 sector peers (NACE 95, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 09-03-2017 Normal situation
- Activity
- Repair and maintenance of other personal and household goods NACE 95290
- Establishment unit
- 2.262.168.969 2018 Antwerpen, since 09-03-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 16-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.0%
- Gross margin
- €38,089
- ▼ 31.9%
- Turnover
- ≈ €130,000
- estimated
- Loss
- €21,793
- ▼ 85.8%
- Equity
- -€24,774
- ▼ 731%
- Total assets
- €55,080
- ▼ 9.4%
- Staff
- 1 FTE
- =
Score breakdownraises riskLast filed accounts filed 48 days late; 3 of the last 3 accounts lateNegative equity -€24,774Loss of €21,793, the second in a row (financial year 2025)lowers riskSize: total assets €55,080Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 95, micro). It does better than 6% of them on solvency, 18% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 79 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€24,774 View
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€21,793 View
- Caution: Lower net result than 93% of companies in repair of computers and personal goodssector median €8,472 · 3,297 companies -€21,793 View
- Positive: Result rose in 2025from -€153,048 to -€21,793 ▲ 85.8% View
Comparable companies
These companies have the same main activity as MG COMPANY: repair and maintenance of other personal and household goods (NACE 95290). They are comparable in size and age: total assets between €34,400 and €88,600, founded between 2013 and 2019.
| Company | Total assets | Gross margin |
|---|---|---|
| MG COMPANY Antwerpen | €55,080 | €38,089 |
| LIMVAGO Mol | €45,315 | €31,203 |
| Cortens Cycling Heist-op-den-Berg | €77,820 | €30,721 |
| FTEX Mortsel | €34,394 | €41,106 |
| no handlebars Co Roeselare | €48,873 | €28,845 |
| NM-Tech Court-Saint-Etienne | €43,892 | €39,057 |
| F.B.R.S. Sint-Jans-Molenbeek | €88,553 | €43,224 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 17-09-2026
- Annual accounts 2024filed on 12-09-2025
- Annual accounts 2023filed on 17-12-2024
- Annual accounts 2021filed on 30-09-2022
Acts in the Belgian Official Gazette
- Legal-form change · Resignations & appointmentsact of 03-04-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MG COMPANY
- What is the company number of MG COMPANY?
- The company number of MG COMPANY is 0672.566.920. The VAT number is the same number with BE in front: BE 0672.566.920.
- Where is MG COMPANY based?
- The registered office is at Pelikaanstraat 18, 2018 Antwerpen.Company details
- What does MG COMPANY do?
- According to the KBO register, the main activity is repair and maintenance of other personal and household goods (NACE 95290).
- What is the legal form of MG COMPANY?
- The legal form of MG COMPANY is Private limited company (BV).
- When was MG COMPANY founded?
- MG COMPANY was founded on 09-03-2017.
- Is MG COMPANY still active?
- Yes, MG COMPANY is an active enterprise in the KBO register.
- How many employees does MG COMPANY have?
- MG COMPANY had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MG COMPANY?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €38,089 and 59 comparable companies (NACE 95). It probably lies between €85,000 and €280,000.
- Is MG COMPANY profitable?
- In financial year 2025, MG COMPANY made a loss of €21,793.
- Where can I find the annual accounts of MG COMPANY?
- MG COMPANY filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of MG COMPANY due?
- MG COMPANY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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