Turnover
≈ €140,000 estimated
The micro format states no turnover.
MG CORP
Lifetime
4 annual accounts with figures on one time axispeak €62,196 (2022)
€46,768▲ 153%
lowest -€33,391 (2023)
-€11,122▼ €23,934
peak €49,012 (2022)
€17,311▼ 39.1%
€70,018▲ 44.1%
Board1 name since 2020
1 director
Documentsfilings and deeds
15-01-202616 days before the deadline
2025micro format
Gross margin from €18,479 to €46,768Loss of €11,122Registered office moved from Molenbeek-Saint-Jean to Jette 11-03Equity from €28,433 to €17,311Debts from €48,603 to €70,018Investments €1,695
Key points
from the 2025 annual accountsDebts
€70,018 80% of the balance sheet
Suppliers 4%Taxes and wages 7%Other 89%
Investments
€1,695 1.9 × depreciation
Green is investment, beige is depreciation.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 0 to 16 days before the end of the period.
Starting capital
€2,000 2,000 shares
Position in the sector
-€11,122
Lower net result than 90% of companies in head offices and management consultancy. Sector median €26,442 · 41,246 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,134 companies had the same profile as MG CORP has now. Each dot stands for 3 companies, two years later.
86.3%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,134 companies, not a prediction for MG CORP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 23-11-2020
- shareholderdeed of 11-03-2025
- shareholderdeed of 11-03-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758675305
Registered office moved from Molenbeek-Saint-Jean to Jette
New registered office: Boulevard de Smet de Naeyer 50 à 1090 Jette · Previous registered office: Rue de la Carpe 47 à 1080 Molenbeek-Saint-Jean · is a shareholder · General meeting of 29-01-2025 · Gazette deed
Incorporation
Founding capital of €2,000, 2,000 shares · Founders: and · Appointment: (director) · published on 25-11-2020 · Gazette deed
First establishment
de Smet de Naeyerlaan 50, Jette
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MG CORP Jette | €87,329 | €46,768 | 19.8% | - |
| MONOKROM Watermael-Boitsfort | €90,355 | €47,205 | 3.9% | - |
| AGA Consulting Uccle | €90,206 | €42,642 | 25.9% | - |
| JLRS Schaerbeek | €96,882 | €49,370 | 5.2% | - |
| Omani Watermael-Boitsfort | €87,211 | €44,360 | 39.1% | - |
| OTTO CORP Forest | €91,993 | €41,129 | 29.8% | - |
| KOR Advisory Molenbeek-Saint-Jean | €75,232 | €46,405 | -6.5% | - |
These companies have the same main activity as MG CORP: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €75,200 and €96,900, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 23-11-2020Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.310.461.4101090 Jette, since 23-11-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 02-01-2026
Annual accounts to 30-06-2025
- €87,329▲ 13.4%
- Filing
- Filed on 15-01-2026, 16 days before the end of the filing period
Insights on MG CORP
MG CORP files the micro format. That format states no turnover. The gross margin fell from €62,196 in 2022 to €46,768 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MG CORP
- What is the company number of MG CORP?
- The company number of MG CORP is 0758.675.305. The VAT number is the same number with BE in front: BE 0758.675.305.
- Where is MG CORP based?
- The registered office is at de Smet de Naeyerlaan 50, 1090 Jette.Company details
- What does MG CORP do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MG CORP?
- MG CORP is a private limited company (BV).
- When was MG CORP founded?
- MG CORP was founded on 23-11-2020.
- Is MG CORP still active?
- Yes, MG CORP is an active enterprise in the KBO register.
- What is the turnover of MG CORP?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €46,768 and 144 comparable companies (NACE 70200). It probably lies between €81,000 and €190,000.Financials
- Is MG CORP profitable?
- In financial year 2025, MG CORP made a loss of €11,122.
- Where can I find the annual accounts of MG CORP?
- MG CORP filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG CORP due?
- MG CORP must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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