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BE 0771.401.606Private limited companyOpen bankruptcy
MG COMPANY
Kipdorpvest 38 ·2000 Antwerpen, Belgium· 5 yrs active
Sector: Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
(47716)
Conclusion
A bankruptcy procedure is open for MG COMPANY according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-26k) and a net result of €-7k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-26k |
| Net result | €-7k |
| Better than sector | 15% |
| Active | 5 yrs |
Financial profile
39
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
38
Growth
58
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-02-2026 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -37.9% | 20.4% | |
| Net result | €-7k | €4k | |
| Equity | €-26k | €16k | |
| Gross operating margin | €-6k | €24k | |
| Total assets | €70k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-7k
-19.7%
22-24
€-7k
-0.8%
22-24
€-7k
+1.3%
22-24
€70k
-19.6%
22-24
€-26k
-36.8%
22-24
€-28k
-36.1%
22-24
€5k
-
22-24
€96k
-9.4%
22-24
Show 8 other metrics
€96k
-9.4%
22-24
0.71
-11.9%
22-24
0.05
+648.5%
22-24
-37.9%
-70.2%
22-24
-3.64
+33.7%
22-24
26.9%
-26.3%
22-24
-10.2%
-25.4%
22-24
-17.05
-383.4%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-7k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €70k |
| Equity | €-26k |
| Debt | €96k |
| of which ≤ 1y | €96k |
| of which > 1y | - |
| Working capital | €-28k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.71 |
| Quick ratio | 0.05 |
| Working capital ratio | -39.7% |
| Solvency | -37.9% |
| Debt / equity | -3.64 |
| Long-term debt ratio | - |
| Interest coverage | -17.05 |
| Gross margin | - |
| Net margin | - |
| ROA | -10.2% |
| ROE | 26.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €70k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €796 |
| Financial fixed assets | 28 | €450 |
| Current assets | 29/58 | €68k |
| Stocks & contracts in progress | 3 | €64k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €70k |
| Equity | 10/15 | €-26k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-29k |
| Amounts payable | 17/49 | €96k |
| Amounts payable within one year | 42/48 | €96k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €-6k |
| Operating result | 9901 | €-7k |
| Financial charges | 65 | €382 |
| Result before taxes | 9903 | €-7k |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-7k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | DANIëL VAN INGELGHEM VLAAMSEKAAI 90,
2000 ANTWERPEN 1 |
26-02-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)(47716) |
| Legal form | Private limited company(610) |
| Incorporation | 14-07-2021 |
| Status | Active |
| Postal code | 2000 |
| First BS signal | 04-03-2026 |
| Latest BS signal | 04-03-2026 |
Establishment units
MG COMPANY
since 20212.319.399.662
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C0251/00B000 | Flanders | 186 m² | 1 · 186 m² | 25.7 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
04-03-2026
Bankruptcy
Opening
23-02-2026
NBB filing
Annual accounts filed
2024
05-07-2024
NBB filing
Annual accounts filed
2023
21-09-2023
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
04-03-2026
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in kledingaccessoires in gespecialiseerde winkels47715Detailhandel in kledingaccessoires47715Detailhandel in cosmetica en toiletartikelen in gespecialiseerde winkels47750Detailhandel in cosmetica en toiletartikelen47750Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | MG COMPANY |
Registered office
Kipdorpvest 38
2000 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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