MG NOVA
ActiveMG NOVA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €10k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 2269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+80
Solvency49▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.73 in 2024; short-term debt: 51.9% and cash: 22% of total assets), and 75.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
24.3%
Return on assets
19.5%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
14 d late
2023
29 d late
2022
on the day
2021
31 d late
2020
12 d early
2019
132 d late
← 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, micro schema
Equity
€12k▲ 15.0%
2024 · €11k
2019: €6k
2020: €-10k
2021: €9k
2022: €10k
2023: €16k
2024: €11k
2019 → 2025
Total assets
€51k▼ 19.1%
2024 · €62k
2019: €52k
2020: €45k
2021: €67k
2022: €56k
2023: €50k
2024: €62k
2019 → 2025
Net result
€10k
2024 · €-5k
2019: €29k
2020: €-16k
2021: €17k
2022: €1k
2023: €5k
2024: €-5k
2019 → 2025
Working capital
€-10k▲ 16.3%
2024 · €-12k
2019: €6k
2020: €-22k
2021: €-10k
2022: €-13k
2023: €-3k
2024: €-12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€10k▲ 12.7%€16k▲ 52.6%€11k▼ 31.3%€12k▲ 15.0%
Operating result€26k-€3k▼ 89.8%€6k▲ 127%€-3k€9k
Net result€17k-€1k▼ 93.1%€5k▲ 368%€-5k€10k
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 returns to profit in 2025: €9k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€34k▲ 8.5%
Current assets
€16k▼ 47.1%
Equity and liabilities €51k
Equity
€12k▲ 15.0%
Debt
€38k▼ 26.2%
The debt ratio falls from 82.9% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2024 · €769
Cash flow
€16k▲
2024 · €-695
Solvency
24.3%▲
2024 · 17.1%
Current ratio
0.63▼
2024 · 0.73
Quick ratio
0.63▼
2024 · 0.73
Debt / equity
3.11▼
2024 · 4.85
ROE
80.1%▲
2024 · -45.6%
ROA
19.5%▲
2024 · -7.8%
Interest coverage
11.64▲
2024 · 0.52
Debt
€38k▼
2024 · €52k
Debt ≤ 1 year
€26k▼
2024 · €43k
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€62k€51k▼
Fixed assets21/28€31k€34k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€31k€34k▲
Land and buildings22€30k€33k▲
Plant, machinery and equipment23€133€10▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€31k€16k▼
Amounts receivable within one year40/41€16k€5k▼
Trade receivables40€16k€5k▼
Other amounts receivable41€2€2▲
Cash at bank and in hand54/58€15k€11k▼
Deferred charges and accrued income490/1€143€146▲
Equity and liabilities
Total equity and liabilities10/49€62k€51k▼
Equity10/15€11k€12k▲
Contributions10/11€12k€12k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-4k€93▲
Investment grants15€2k€0▼
Amounts payable17/49€52k€38k▼
Amounts payable within one year42/48€43k€26k▼
Financial debts43€432€0▼
Credit institutions430/8€432€0▼
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€510€169▼
Taxes450/3€510€169▼
Other amounts payable47/48€37k€25k▼
Accrued charges and deferred income492/3€9k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€133
Other operating charges640/8€1k€5k▲
Gross operating margin9900€2k€20k▲
Operating profit (loss)9901€-3k€9k▲
Financial income75/76B€10€2k▲
Recurring financial income75€10€2k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-5k€10k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-5k€10k▲
Profit (loss) for the period to be appropriated9905€-5k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€6k▲
Profit (loss) brought forward from the previous period14P€0€-4k▼
Transfer from equity791/2€928€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (11 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-16k ▼155%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 132 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 497 days late
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Schaarbeek · 1 establishment unit since 1994
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.
Haachtsesteenweg 3811030 SchaarbeekGround area
647 m²
Building footprint
485 m²
Volume, LiDAR
6,726 m³
2 parcels, Brussels · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MG NOVA
since 19942.041.114.679
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0159/00N000 | Brussels | 575 m² | 1 · 412 m² | 19.1 m · 5 fl. |
| 21910E0159/00L000 | Brussels | 72 m² | 1 · 72 m² | 16.9 m · 5 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.
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Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 715 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1988
Fiscal year end31-12
Activities, NACEBEL
93299Other amusement and recreation activities
82300Organisation of conventions and trade shows
90312Arts creation and performing arts activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.