MG LOGISTIQUE

Active

Private limited companyfounded 20196 yrs activeRue de la Queue-Terre, Sauv. 49, 5030 Gembloux, BelgiumKBO/BCE: BE 0737.548.012

The computed 12-month bankruptcy probability of MG LOGISTIQUE is 3.1% (moderate). The 2024 annual accounts show equity of €241k and a net result of €65k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 730 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

51 / 100

Fair▲ +31 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency22▲+9

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity short (current ratio 0.59 against 0.32 in 2023), and 77.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-02-2025, 154 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

154 d early

2023

49 d early

2022

116 d early

2021

122 d early

2020

85 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€65k

2023 · €-145k

2020: €61k 2021: €248k 2022: €2k 2023: €-145k

2020 → 2024

Working capital

€-341k▲ 34.2%

2023 · €-518k

2020: €-244k 2021: €263k 2022: €-257k 2023: €-518k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€71k-€319k▲ 349%€321k▲ 0.7%€177k▼ 45.0%€241k▲ 36.5%

Operating result€66k-€245k▲ 268%€13k▼ 94.5%€-80k€11k

Net result€61k-€248k▲ 306%€2k▼ 99.0%€-145k€65k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €11k after a loss of €80k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.07M

54.3%

45.7%

Fixed assets €582k▼ 16.3%

Current assets €489k▲ 103%

Equity and liabilities €1.07M

22.5%

77.5%

Equity €241k▲ 36.5%

Debt €830k▲ 9.4%

The debt ratio falls from 81.1% to 77.5%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€177k▲

2023 · €88k

Cash flow

€231k▲

2023 · €24k

Solvency

22.5%▲

2023 · 18.9%

Current ratio

0.59▲

2023 · 0.32

Quick ratio

0.59▲

2023 · 0.32

Debt / equity

3.44▼

2023 · 4.30

ROE

26.7%▲

2023 · -81.8%

ROA

6.0%▲

2023 · -15.5%

Interest coverage

9.69▲

2023 · 4.64

Debt

€830k▲

2023 · €759k

Debt ≤ 1 year

€830k▲

2023 · €759k

Income taxes

€9k▼

2023 · €83k

Staff costs

€413k▼

2023 · €525k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€935k€1.07M▲

Fixed assets21/28€695k€582k▼

Intangible fixed assets21€71k-

Tangible fixed assets22/27€624k€582k▼

Land and buildings22€426k€374k▼

Plant, machinery and equipment23€139k€140k▲

Furniture and vehicles24€59k€68k▲

Financial fixed assets28€50€50=

Current assets29/58€241k€489k▲

Amounts receivable within one year40/41€207k€374k▲

Trade receivables40€183k€330k▲

Other amounts receivable41€24k€44k▲

Cash at bank and in hand54/58€34k€66k▲

Deferred charges and accrued income490/1-€49k

Equity and liabilities

Total equity and liabilities10/49€935k€1.07M▲

Equity10/15€177k€241k▲

Contributions10/11€10k€10k=

Outside capital11€10k€10k=

Other1109/19€10k€10k=

Profit (loss) carried forward14€167k€231k▲

Amounts payable17/49€759k€830k▲

Amounts payable within one year42/48€759k€830k▲

Current portion of amounts payable after more than one year42€97k€117k▲

Financial debts43€448k€336k▼

Credit institutions430/8€448k€336k▼

Trade debts44€140k€133k▼

Suppliers440/4€140k€133k▼

Taxes, remuneration and social security45€48k€85k▲

Taxes450/3€134€2k▲

Remuneration and social security454/9€48k€83k▲

Other amounts payable47/48€25k€160k▲

Income statement Code20232024

Non-recurring operating income76A€0€2k▲

Remuneration, social security and pensions62€525k€413k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€166k▼

Other operating charges640/8€7k€4k▼

Non-recurring operating charges66A€8k€10k▲

Gross operating margin9900€628k€604k▼

Operating profit (loss)9901€-80k€11k▲

Financial income75/76B€37k€81k▲

Recurring financial income75€37k€81k▲

Financial charges65/66B€19k€18k▼

Recurring financial charges65€19k€18k▼

Profit (loss) for the period before taxes9903€-62k€74k▲

Income taxes67/77€83k€9k▼

Profit (loss) for the period9904€-145k€65k▲

Profit (loss) for the period to be appropriated9905€-145k€65k▲

Appropriation of the result

Profit (loss) to be appropriated9906€167k€231k▲

Profit (loss) brought forward from the previous period14P€311k€167k▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 6Filings 5

2025

27-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €65k

Net result €65k after one loss-making year.

31-12

Financial Equity above €200kEq €241k ▲36.5%

Equity rises from €177k to €241k.

12-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-145k ▼6208%

Net result drops to €-145k, the lowest in the series; recovery starts the following year.

06-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €248k ▲306%

Operating result €245k, net result €248k, both a record.

31-12

Financial Liquidity doublescurrent ratio 1.49

Current ratio from 0.62 to 1.49; short-term debt falls from €647k to €535k.

31-12

Financial Equity above €200kEq €319k ▲349%

2 profitable years in a row build equity to €319k.

07-05

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

1 act for this company is 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, Gembloux · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Rue de la Queue-Terre, Sauv. 495030 Gembloux

Ground area

2,104 m²

Building footprint

111 m²

Parcel 92253D0388/00M000, Wallonia. Linked by address, not a title deed.

1 establishment unit

MG Logistique

Rue de la Queue-Terre, Sauv. 49, 5030 GemblouxReal estate development

since 20192.296.170.142

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92253D0388/00M000	Wallonia	2,104 m²	1 · 111 m²	-

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

Hamme (Vl.) · Eq €241k

de Vreese containertransport

BE 0423.349.372

Antwerpen · Eq €241k

Of 12,446 companies in sector 49410 we hold annual accounts for 8,087. 5,983 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-11-2019

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

52210Service activities incidental to land transportation

52220Warehousing and support activities for transportation

52230Warehousing and support activities for transportation

52250Logistics services

52290Warehousing and support activities for transportation

68110Buying and selling of own real estate

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.