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MG ENGINEERING

Active
Private limited companyfounded 2009active for 17 yearsRue Sainte-Henriette(MLZ) 226, 7140 Morlanwelz, BelgiumKBO/BCE: BE 0817.274.587
Summary

MG ENGINEERING has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €659,305 and a net result of €276,246, of which €172,896 non-recurring income. Equity is growing by about 49% per year across the filed financial years. Its solvency ranks better than 80% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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MG ENGINEERINGActiveChecked score 93/100
Risk analysis ReportCompare

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MG ENGINEERING
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu’à l’étranger, par simple décision de…” (deed in French)

deed of 28-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Un ou plusieurs administrateurs, organe d'administration” (deed in French)

deed of 28-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre actions nominatives avec mentions CSA” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs au prorata si plusieurs, onéreux ou gratuit,volontaires ou forcées,exclusion et retrait,usufruit…” (deed in French)

deed of 28-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Saturday of May at 11:00

deed of 28-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
One provision in the deed
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 28-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Compte de capitaux propres statutairement indisponible, 30000” (deed in French)
Other provision: “Appels de fonds, un mois par lettre recommandée” (deed in French)
Other provision: “Droit au débiteur-gagiste, apport en numéraire avec nouvelles actions - droit de préférence” (deed in French)
Other provision: “Pouvoirs de l'organe d'administration” (deed in French)
Other provision: “Gestion journalière, gestion journalière et représentation pour cette gestion” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires” (deed in French)
Other provision: “Convocations aux assemblées générales, ordre du jour” (deed in French)
Other provision: “Assemblée générale écrite, toutes décisions relevant des pouvoirs de assemblée générale” (deed in French)
Other provision: “Réputés présents à endroit où se tient assemblée pour conditions de présence et majorité, communication électronique mis à disposition par…” (deed in French)
Other provision: “Par voie électronique à adresse indiquée dans convocation, questions écrites par voie électronique avant AG” (deed in French)
16 more provisions in the deed, see the deed of 28-12-2023

deed of 28-12-2023

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