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MG - FIN

Active
Private limited companyfounded 198541 yrs activeRoute du Condroz(PLX) 48, 4122 Neupré, BelgiumKBO/BCE: BE 0427.559.964
Summary

The computed 12-month bankruptcy probability of MG - FIN is 4.3% (elevated). The 2024 annual accounts show negative equity (-€13,646) and a net result of -€1,321. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MG - FINActiveChecked score 46/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€20,044total assets 2024
Equity
-€13,646
Loss
-€1,321
Turnover not published (abridged schema)
Financial health
46 Fair Checked score 2024
Bankruptcy chance 12 m
4.3%
Structure
Accounts 64 d overdue0 of 6 deeds read
Why 46- 1 financial year not filed after the legal deadline; latest accounts 413 days late; 3 of the last 3 late- Figures for FY 2024 (filed 30-11-2025)+ Founded in 1985+ Size: total assets €20,044Show the evidence

Checked score

Score 2024
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -68.1% of total assets
Liquidity 1=
short-term debt 168.1% · cash 1.1%
Profitability 21+21
return on assets -6.6%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 21.0%highest value 12-2024: 21.0%● 0.0% vs 11-2024highest value 01-2025: 21.0%● 0.0% vs 12-2024highest value 02-2025: 21.0%● 0.0% vs 01-2025highest value 03-2025: 21.0%● 0.0% vs 02-2025highest value 04-2025: 21.0%● 0.0% vs 03-2025highest value 05-2025: 14.1%▼ -32.7% vs 04-2025 06-2025: 8.2%▼ -41.5% vs 05-2025 07-2025: 8.9%▲ +7.4% vs 06-2025 08-2025: 8.7%▼ -2.2% vs 07-2025 09-2025: 8.8%▲ +1.5% vs 08-2025 10-2025: 10.5%▲ +20.0% vs 09-2025 11-2025: 10.6%▲ +0.9% vs 10-2025 12-2025: 4.1%▼ -61.1% vs 11-2025 01-2026: 4.1%● 0.0% vs 12-2025 02-2026: 4.1%● 0.0% vs 01-2026 03-2026: 4.0%▼ -2.4% vs 02-2026lowest value 04-2026: 4.3%▲ +5.6% vs 03-2026 05-2026: 4.5%▲ +6.2% vs 04-2026 06-2026: 5.2%▲ +15.7% vs 05-2026 07-2026: 5.6%▲ +7.7% vs 06-2026 08-2026: 6.4%▲ +13.0% vs 07-2026 09-2026: 6.8%▲ +7.4% vs 08-2026 10-2026: 4.3%▼ -37.1% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 413 days late; 3 of the last 3 late raises the probability
  • Founded in 1985 lowers the probability for this profile
  • Size: total assets €20,044 lowers the probability for this profile
  • Figures for FY 2024 (filed 30-11-2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.59 against 0.61 in 2023; short-term debt: 168.1% and cash: 1.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 5%, profitability 17%, growth against the median 24%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 413 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1985
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €20,044
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 30-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€13,646
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2026, 413 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
413 d late
2023
267 d late
2022
620 d late
2021
11 d late
2020
31 d late
2019
3 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 224 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€13,646 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€1,321 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€20,044
Loss
-€1,321
Solvency
-68.1%
Go to Financials

Timeline

Events
13
Since
2015
  1. 17-09-2026Annual accounts filed
  2. 24-04-2025Annual accounts filed
  3. 11-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
15-07-1985
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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