MG FOOD
ActiveThe computed 12-month bankruptcy probability of MG FOOD is 4.2% (elevated). The 2025 annual accounts show equity of €129k and a net result of €20k. Equity is growing by ~96.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 3620 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-20
Solvency67▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.57 against 1.33 in 2024; short-term debt: 58.2% and cash: 61.9% of total assets), but 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.8%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
50 d early
2023
1 d early
2022
31 d late
2021
24 d late
2020
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€129k▲ 18.6%
2024 · €109k
2020: €8k
2021: €19k
2022: €15k
2023: €31k
2024: €109k
2020 → 2025
Total assets
€309k▼ 11.5%
2024 · €348k
2020: €17k
2021: €208k
2022: €262k
2023: €277k
2024: €348k
2020 → 2025
Net result
€20k▼ 74.1%
2024 · €78k
2020: €-12k
2021: €11k
2022: €-4k
2023: €15k
2024: €78k
2020 → 2025
Working capital
€102k▲ 31.5%
2024 · €78k
2020: €6k
2021: €-32k
2022: €-82k
2023: €-34k
2024: €78k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€15k▼ 21.0%€31k▲ 101%€109k▲ 255%€129k▲ 18.6%
Operating result€11k-€-4k€21k€109k▲ 423%€28k▼ 74.7%
Net result€11k-€-4k€15k€78k▲ 406%€20k▼ 74.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€27k▼ 14.0%
Current assets
€282k▼ 11.2%
Equity and liabilities €309k
Equity
€129k▲ 18.6%
Debt
€179k▼ 25.1%
The debt ratio falls from 68.8% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▼
2024 · €143k
Cash flow
€44k▼
2024 · €113k
Solvency
41.8%▲
2024 · 31.2%
Current ratio
1.57▲
2024 · 1.33
Quick ratio
1.45▲
2024 · 1.22
Debt / equity
1.39▼
2024 · 2.20
ROE
15.7%▼
2024 · 71.8%
ROA
6.6%▼
2024 · 22.4%
Interest coverage
81.34▲
2024 · 35.62
Debt
€179k▼
2024 · €240k
Debt ≤ 1 year
€179k▼
2024 · €240k
Income taxes
€7k▼
2024 · €27k
Staff costs
€679k▼
2024 · €792k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€348k€309k▼
Fixed assets21/28€31k€27k▼
Tangible fixed assets22/27€31k€27k▼
Plant, machinery and equipment23€6k€18k▲
Furniture and vehicles24€23k€7k▼
Other tangible fixed assets26€3k€1k▼
Current assets29/58€318k€282k▼
Stocks and contracts in progress3€26k€22k▼
Stocks30/36€26k€22k▼
Amounts receivable within one year40/41€40k€64k▲
Trade receivables40€29k€53k▲
Other amounts receivable41€11k€11k▼
Cash at bank and in hand54/58€249k€191k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€348k€309k▼
Equity10/15€109k€129k▲
Contributions10/11€20k€20k=
Reserves13€89k€109k▲
Distributable reserves133€89k€109k▲
Amounts payable17/49€240k€179k▼
Amounts payable within one year42/48€240k€179k▼
Trade debts44€115k€122k▲
Suppliers440/4€115k€122k▲
Taxes, remuneration and social security45€122k€55k▼
Taxes450/3€13k€7k▼
Remuneration and social security454/9€109k€48k▼
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€792k€679k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€24k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€7k€6k▼
Gross operating margin9900€942k€740k▼
Operating profit (loss)9901€109k€28k▼
Financial income75/76B€463€501▲
Recurring financial income75€463€501▲
Financial charges65/66B€4k€631▼
Recurring financial charges65€4k€631▼
Profit (loss) for the period before taxes9903€105k€27k▼
Income taxes67/77€27k€7k▼
Profit (loss) for the period9904€78k€20k▼
Profit (loss) for the period to be appropriated9905€78k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€20k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€78k€20k▼
To other reserves6921€78k€20k▼
Social balance
Average headcount (FTE)908721.822.5▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €78k ▲406%
Operating result €109k, net result €78k, both a record.
31-12
Financial
Equity above €100kEq €109k ▲255%
2 profitable years in a row build equity to €109k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hertoglei 12660 AntwerpenGround area
1.3 ha
Building footprint
5,803 m²
Volume, LiDAR
33,913 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MG FOOD
since 20202.308.389.766
Meadow
since 20222.330.115.390
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0063/00_000 | Flanders | 8,547 m² | 1 · 1,570 m² | 8.4 m · 2 fl. |
| 11382C0061/00F000 | Flanders | 4,232 m² | 1 · 4,233 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.308.389.766
Kontich2.330.115.390
Dual-learning approval
7 live approvals · 1 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Show 1 more
Restaurant en keuken duaal (so)
Similar companies · same sector, comparable size
TST COMPANY
BE 0698.736.431
Etterbeek · Eq €129k
BEYOGLU38
BE 0715.707.372
Brecht · Eq €129k
Tilo
BE 0744.428.676
Dessel · Eq €129k
EL SOMBRERO
BE 0447.241.561
Leuven · Eq €129k
De Golf
BE 0554.741.119
Oostende · Eq €129k
Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 9,269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.