MG Legal Consult
ActiveSummary
MG Legal Consult has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-15k) and a net result of €-33k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 5% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-50
Solvency17▼-19
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.34 against 0.98 in 2024; short-term debt: 50.7% and cash: 38.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.1%
Return on assets
-18.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
57 d early
2024
56 d early
2023
34 d early
2022
46 d early
2021
6 d early
2020
59 d early
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-15k
2024 · €20k
2018: €8k
2019: €35k
2020: €16k
2021: €18k
2022: €15k
2023: €17k
2024: €20k
2018 → 2025
Total assets
€181k▼ 1.6%
2024 · €184k
2018: €46k
2019: €78k
2020: €133k
2021: €148k
2022: €161k
2023: €102k
2024: €184k
2018 → 2025
Net result
€-33k
2024 · €48k
2018: €7k
2019: €17k
2020: €72k
2021: €64k
2022: €-12k
2023: €4k
2024: €48k
2018 → 2025
Working capital
€31k
2024 · €-2k
2018: €6k
2019: €16k
2020: €428
2021: €3k
2022: €63k
2023: €52k
2024: €-2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€15k▼ 13.4%€17k▲ 12.4%€20k▲ 18.5%€-15k
Operating result€81k-€-12k€8k€74k▲ 838%€23k▼ 69.2%
Net result€64k-€-12k€4k€48k▲ 1,016%€-33k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€58k ▲ 13.6%
Current assets
€123k ▼ 7.5%
Key figures and ratios
EBITDA
€34k▼
2024 · €77k
Cash flow
€-22k▼
2024 · €51k
Solvency
-8.1%▼
2024 · 11.1%
Current ratio
1.34▲
2024 · 0.98
Debt to equity
-13.27▼
2024 · 8.00
ROA
-18.4%▼
2024 · 26.1%
Interest coverage
6.17▼
2024 · 12.15
Debt
€196k▲
2024 · €164k
Debt ≤ 1 year
€92k▼
2024 · €135k
Debt > 1 year
€104k▲
2024 · €29k
Income taxes
€6k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€184k€181k▼
Fixed assets21/28€51k€58k▲
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€3k€56k▲
Land and buildings22€1k€691▼
Plant, machinery and equipment23€275€0▼
Furniture and vehicles24€1k€55k▲
Financial fixed assets28€45k€0▼
Current assets29/58€133k€123k▼
Amounts receivable within one year40/41€87k€49k▼
Trade receivables40€27k€34k▲
Other amounts receivable41€60k€16k▼
Current investments50/53€0-
Cash at bank and in hand54/58€39k€69k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€184k€181k▼
Equity10/15€20k€-15k▼
Contributions10/11€19k€19k=
Reserves13€2k€0▼
Distributable reserves133€2k€0▼
Profit (loss) carried forward14€0€-33k▼
Amounts payable17/49€164k€196k▲
Amounts payable after more than one year17€29k€104k▲
Financial debts170/4€29k€104k▲
Amounts payable within one year42/48€135k€92k▼
Current portion of amounts payable after more than one year42€13k€43k▲
Financial debts43€14k€14k▲
Credit institutions430/8€14k€14k▲
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€27k€13k▼
Taxes450/3€25k€13k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€72k€14k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€60k
Other operating charges640/8€3k€1k▼
Gross operating margin9900€80k€95k▲
Operating profit (loss)9901€74k€23k▼
Financial income75/76B€12€51▲
Recurring financial income75€12€51▲
Financial charges65/66B€6k€50k▲
Recurring financial charges65€6k€5k▼
Non-recurring financial charges66B-€45k
Profit (loss) for the period before taxes9903€68k€-28k▼
Transfer from deferred taxes780€0-
Income taxes67/77€20k€6k▼
Profit (loss) for the period9904€48k€-33k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€48k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-33k▼
Profit (loss) brought forward from the previous period14P€-3k€0▲
Transfer from equity791/2€2k€2k=
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€45k€2k▼
Return on contributions (dividend)694€45k€2k▼
The notes to these accounts (18 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-33k ▼169%
Net result drops to €-33k, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €72k ▲311%
Operating result €92k, net result €72k, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waterloo · 1 establishment unit since 2017
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.
Avenue d'Argenteuil 531410 WaterlooGround area
1,079 m²
Building footprint
162 m²
Volume, LiDAR
1,109 m³
Parcel 25763M0539/00A000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MG Legal Consult
since 20172.260.611.130
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0539/00A000 | Wallonia | 1,079 m² | 1 · 162 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SEEGERS CONSULTING
BE 0628.940.278
Sint-Pieters-Woluwe · Eq €20,460
Said Economics
BE 0651.818.620
Elsene · Eq €20,460
PISTIS
BE 0686.793.949
Watermaal-Bosvoorde · Eq €20,460
GOMSON GLOBAL
BE 0698.924.392
Elsene · Eq €20,460
DOMON ADVISORS
BE 0717.573.633
Vorst · Eq €20,460
Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 786 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2017
Fiscal year end31-12
Abbreviation FR
MGLC
Activities, NACEBEL 2025
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.