Skip to content

MG PADEL

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

The computed 12-month bankruptcy probability of MG PADEL is 4.1% (elevated). 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 3022 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MG PADELActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Sports, amusement and recreation activities
NACE 93122Operation of sports facilities NACE 93110
1 site
Size
€771,644total assets 2024
Staff
4.2 FTE
Equity
€51,122
Profit
€21,192
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
4.1%
Structure
Accounts 64 d overdue0 of 3 deeds read
Why 49- 1 financial year not filed after the legal deadline; latest accounts 258 days late; 3 of the last 3 late- Figures for FY 2024 (filed 17-04-2026)- Founded in 2022+ Sector Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 32+2
equity 6.6% of total assets
Liquidity 58+11
short-term debt 27.2% · cash 15.4%
Profitability 55-29
return on assets 2.7%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,222 companies)
Last 24 months 11-2024: 3.6% 12-2024: 0.8%▼ -78.2% vs 11-2024 01-2025: 0.8%▼ -1.4% vs 12-2024lowest value 02-2025: 0.8%● 0.0% vs 01-2025lowest value 03-2025: 0.8%▲ +3.1% vs 02-2025 04-2025: 0.8%▲ +2.0% vs 03-2025 05-2025: 0.9%▲ +8.1% vs 04-2025 06-2025: 1.0%▲ +12.8% vs 05-2025 07-2025: 1.0%▲ +0.7% vs 06-2025 08-2025: 1.5%▲ +48.2% vs 07-2025 09-2025: 1.8%▲ +22.3% vs 08-2025 10-2025: 2.7%▲ +47.4% vs 09-2025 11-2025: 2.7%▲ +2.4% vs 10-2025 12-2025: 2.9%▲ +7.1% vs 11-2025 01-2026: 3.9%▲ +32.6% vs 12-2025 02-2026: 3.9%● 0.0% vs 01-2026 03-2026: 4.0%▲ +3.0% vs 02-2026 04-2026: 3.6%▼ -11.3% vs 03-2026 05-2026: 1.5%▼ -58.6% vs 04-2026 06-2026: 1.6%▲ +7.5% vs 05-2026 07-2026: 1.7%▲ +10.2% vs 06-2026 08-2026: 2.4%▲ +36.7% vs 07-2026 09-2026: 2.7%▲ +15.1% vs 08-2026 10-2026: 4.1%▲ +49.7% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 258 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 17-04-2026) raises the probability
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
  • Founded in 2022 raises the probability for this profile
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.
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 93, micro). Better than this share of them on solvency 31%, liquidity 64%, profitability 36%, growth against the median 88%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 258 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 17-04-2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
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 64 d late View
  • Among the largest 8% on gross marginsector median €33,916 · 3,019 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

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure