MG Horeca

Active

Private limited companyfounded 20233 yrs activeH. Consciencelaan 206, 1140 Evere, BelgiumKBO/BCE: BE 0801.434.487

Summary

The computed 12-month bankruptcy probability of MG Horeca is 9.2% (elevated). The 2024 annual accounts show equity of €6,149 and a net result of €5,149. Its solvency ranks better than 29% of 18932 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MG HorecaActiveChecked score 31/100

Risk analysis Report Compare

Activity

Cafés and bars

NACE 56301Limited-service restaurants NACE 56102Limited-service restaurants, excluding mobile food services NACE 56112

1 site

Size

€197,735total assets 2024

Staff: 0.6 FTE
Equity: €6,149
Profit: €5,149

Turnover not published (abridged schema)

Financial health

31 Weak Checked score 2024

Bankruptcy chance 12 m: 9.2%

Structure

Accounts filed 57 d late0 of 2 deeds read

Why 31- 1 financial year not filed after the legal deadline; latest accounts 57 days late; 1 of the last 3 late- Sector Food and beverage service activities (NACE 56)- Liquidity: current ratio 1.16, cash €104- Founded in 2023Show the evidence

Checked score

Score 2024

31 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 21% of its sector peers (NACE 56, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 28

equity 3.1% of total assets

Liquidity 2

short-term debt 86.3% · cash 0.1%

Profitability 44

return on assets 2.6%

Bankruptcy probability, 12 months

9.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,449 companies)

Last 21 months 02-2025: 5.3%lowest value 03-2025: 5.3%▲ +0.7% vs 02-2025 04-2025: 5.8%▲ +8.6% vs 03-2025 05-2025: 5.8%● 0.0% vs 04-2025 06-2025: 5.8%▲ +0.3% vs 05-2025 07-2025: 5.8%● 0.0% vs 06-2025 08-2025: 5.8%● 0.0% vs 07-2025 09-2025: 5.8%● 0.0% vs 08-2025 10-2025: 5.8%● 0.0% vs 09-2025 11-2025: 8.7%▲ +50.2% vs 10-2025 12-2025: 8.7%▲ +0.5% vs 11-2025 01-2026: 8.7%● 0.0% vs 12-2025 02-2026: 8.7%● 0.0% vs 01-2026 03-2026: 8.7%● 0.0% vs 02-2026 04-2026: 8.7%▼ -0.3% vs 03-2026 05-2026: 8.6%▼ -1.1% vs 04-2026 06-2026: 8.5%▼ -1.2% vs 05-2026 07-2026: 8.2%▼ -3.5% vs 06-2026 08-2026: 8.9%▲ +9.1% vs 07-2026 09-2026: 9.1%▲ +1.3% vs 08-2026 10-2026: 9.2%▲ +1.3% vs 09-2026highest value

1 financial year not filed after the legal deadline; latest accounts 57 days late; 1 of the last 3 late raises the probability
Sector Food and beverage service activities (NACE 56) raises the probability
Liquidity: current ratio 1.16, cash €104 raises the probability
Founded in 2023 raises the probability for this profile

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.16; short-term debt: 86.3% and cash: 0.1% of total assets), and 96.9% of the assets are financed with debt.

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 (NACE 56, micro). Better than this share of them on solvency 28%, liquidity 4%, profitability 33%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

1 financial year not filed after the legal deadline; latest accounts 57 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Sector Food and beverage service activities (NACE 56)

In the bankruptcy model this factor raises the probability.

KBO

Liquidity: current ratio 1.16, cash €104

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 2023

In the bankruptcy model this factor raises the probability for this profile.

KBO

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 1 filing

Deviation from the deadline

2024

57 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 57 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)

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