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MG PADEL

Active
Private limited companyfounded 20224 yrs activeAvenue Emile Herman 47, 7170 Manage, BelgiumKBO/BCE: BE 0785.333.180
Summary

MG PADEL has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,122 and a net result of €21,192. Equity is growing by ~103% per year across the filed fiscal years. Its solvency ranks better than 32% of 3023 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
MG PADELActiveChecked score 57/100
Risk analysis ReportCompare

Overview

What they do
Sports, amusement and recreation activities
NACE 93122Operation of sports facilities NACE 93110
1 site
How big
€771,644total assets 2024
Staff
4.2 FTE
Equity
€51,122
Profit
€21,192
Turnover not published (abridged schema)
Financially healthy?
57 Fair Checked score 2024
Bankruptcy chance 12 m
0.8%
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 57- Limited track record- Higher-failure-rate region- Annual accounts: weaker financial profile- Filed more than 90 days late+ Lower-failure-rate sectorShow the evidence

Checked score

Score 2024
57 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-29
Solvency32▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.54 in 2023; short-term debt: 27.2% and cash: 15.4% of total assets), and 93.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
6.6%
Return on assets
2.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-04-2026, 258 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
258 d late
2023
97 d late
2022
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 159 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Back to profitnet €78,121

Key points

  • Caution: Result fell in 2024from €78,121 to €21,192 ▼ 72.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Among the largest 8% on gross marginsector median €33,885 · 3,020 companies €254,077 View

By topic

Financials

Fiscal year
2024
Total assets
€771,644
Profit
€21,192
Solvency
6.6%
Total assets▲ 17.7%
Net result
20222024
Go to Financials

Timeline

Events
4
Since
2023
  1. 15-04-2026Annual accounts filed
  2. 05-11-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Sports, amusement and recreation activitiesNACE 93122
Founded
22-04-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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