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Complete company report
Generated 19-08-2026
Active BE 0682.443.795Private limited company

MG DEVELOPPEMENT

· 8 yrs active
Conclusion Checked

The KBO register records legal situation 050 for MG DEVELOPPEMENT (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €6k and a net result of €-6k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €6k
Net result €-6k
Active 8 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency100Growth32Stability0
26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 100
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

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 rule-based
20 / 100
High riskRegister: open bankruptcy
This 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
· 4 historical bankruptcy publications (+20)
Trust signals 2 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.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags0 events
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 FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 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 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 31-08-2021 with the NBB · fiscal year 2020 · micro
€-8k€-6k€-4k€-2k€0Operating result 2019: €-6k€-6kNet result 2019: €-6k€-6kOperating result 2020: €-231€-231Net result 2020: €-6k€-6k20192020
Operating resultNet result
Net profit
€-6k
-6.1% 19-20
Total assets
€12k
+52.0% 19-20
Equity
€6k
-5.1% 19-20
Working capital
€6k
-5.1% 19-20
Income taxes
€0
- 19-20
Debt
€6k
+392.9% 19-20
Debt ≤ 1y
€6k
+392.9% 19-20
Current ratio
2.15
-69.2% 19-20
Show 4 other metrics
Quick ratio
2.15
-69.2% 19-20
Solvency
53.5%
-37.6% 19-20
ROE
-94.3%
-11.8% 19-20
ROA
-50.4%
+30.2% 19-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue-
EBITDA-
Net profit€-6k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€12k
Equity€6k
Debt€6k
of which ≤ 1y€6k
of which > 1y-
Working capital€6k
Employees (FTE)-
Ratios (computed)
2020
Current ratio2.15
Quick ratio2.15
Working capital ratio53.5%
Solvency53.5%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-50.4%
ROE-94.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (16 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€12k
Current assets 29/58€12k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€0
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€12k
Equity 10/15€6k
Reserves 13€32
Accumulated profits (losses) 14€-6k
Amounts payable 17/49€6k
Amounts payable within one year 42/48€6k
Income statement
Gross operating margin 9900€-231
Operating result 9901€-231
Financial charges 65€115
Result before taxes 9903€-345
Net result for the period 9904€-345
Result to be appropriated 9905€-345
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Bastos Silva E Sousa Jonathan
    Director
    State Gazette act 22046098 (11-04-2022)
    Current
    28-03-2022 → present
Former directors (1)
  • Hassani Yahya
    Director
    State Gazette act 22046098 (11-04-2022)
    Former
    - → 28-03-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates2 persons
Role Name Tenure Source
Curator Johan MOMMAERTS
PEGASUSLAAN 5, 1831 DIEGEM-
 18-07-2023 → present Belgian State Gazette
Curator FRANCOISE HANSSENS-ENSCH
AVENUE LOUISE 349 BTE 17, 1050 FR BRUXELLES 5
 17-02-2020 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation03-10-2017
StatusActive
Postal code-
First BS signal 24-02-2020
Latest BS signal 10-12-2025
Establishment units 1 location
Jamarlaan 19, 1060 Sint-Gillis (bij-Brussel)
Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels
since 20172.277.071.733
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21562A0398/00V008 Brussels 2,959 m² 1 · 219 m² 21.9 m · 7 fl.
21015A0089/00Z003 Brussels 124 m² 1 · 124 m² 19.9 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
10-12-2025
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · MG DEVE- LOPPEMENT BV EMILE ZOLALAAN 12, 1030 Schaarbeek · event 25-11-2025
2023
25-07-2023
Bankruptcy Opening
Ondernemingsrechtbank Brussel · MG DEVELOPPEMENT BV EMILE ZOLALAAN 12, 1030 Schaarbeek · event 18-07-2023
2022
11-04-2022
State Gazette act Director changes
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
27-10-2020
Bankruptcy Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · MG DEVELOPPEMENT SPRL BOULEVARD JAMAR 19 BTE 5.1, 1060 SAINT-GILLES. déclarée le 17 février 2020 · event 21-10-2020
27-03-2020
NBB filing Annual accounts filed
fiscal year 2018 · micro
24-02-2020
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · MG DEVELOPPEMENT SPRL BOULE- VARD JAMAR 19 BTE 5.1, 1060 SAINT-GILLES · event 17-02-2020
Lifecycle & Insolvency Signals4 events
10-12-2025
Bankruptcy Bankruptcy closure (insufficient assets)
Date: 25-11-2025 · Ondernemingsrechtbank Brussel · MG DEVE- LOPPEMENT BV EMILE ZOLALAAN 12, 1030 Schaarbeek · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 3 further earlier events in this file, covering 17-02-2020 to 25-11-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2020, 2026
COVID lockdownEnergiecrisisECB hikes20202021202220232024202520262020-02-24 · Bankruptcy · Opening2020-10-27 · Bankruptcy · Bankruptcy reversal2023-07-25 · Bankruptcy · Opening2025-12-10 · Bankruptcy · Bankruptcy closure (insufficient assets)
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 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
11-04-2022 1 director appointed, 1 resigning Director changes
  • Bastos Silva E Sousa Jonathan, Bestuurder
  • Hassani Yahya, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Hassani Yahya",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-03-28",
      "evidence_quote": "De bijzondere algemene vergadering heeft beslist ontslag te verlenen aan Meneer Hassani Yahya om 28/03/2022",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Bastos Silva E Sousa Jonathan",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-03-28",
      "evidence_quote": "en duidt Meneer Bastos Silva E Sousa Jonathan vanaf 28/03/2022 aan als nieuwe bestuurder met onmiddelijke ingang.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-03-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0682.443.795",
    "name_full": "MG DEVELOPPEMENT",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR MG DEVELOPPEMENT
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative