mg.recht
ActiveSummary
mg.recht has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €653k and a net result of €363k. Equity is growing by ~90.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.86 against 2.95 in 2024; short-term debt: 19.9% and cash: 43.5% of total assets), and 21.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 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
78.6%
Return on assets
43.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
2 d late
2024
5 d late
2023
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€653k▲ 125%
2024 · €290k
2023: €127klowest in 3 years
2024: €290k▲ +128% vs 2023
2025: €653k▲ +125% vs 2024highest in 3 years
2023 → 2025
Total assets
€831k▲ 82.9%
2024 · €454k
2023: €298klowest in 3 years
2024: €454k▲ +52.2% vs 2023
2025: €831k▲ +82.9% vs 2024highest in 3 years
2023 → 2025
Net result
€363k▲ 123%
2024 · €163k
2023: €125klowest in 3 years
2024: €163k▲ +29.8% vs 2023
2025: €363k▲ +123% vs 2024highest in 3 years
2023 → 2025
Working capital
€639k▲ 133%
2024 · €275k
2023: €111klowest in 3 years
2024: €275k▲ +147% vs 2023
2025: €639k▲ +133% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€127k-€290k▲ 128%€653k▲ 125%
2023: €127klowest in 3 years
2024: €290k▲ +128% vs 2023
2025: €653k▲ +125% vs 2024highest in 3 years
Operating result€163k-€211k▲ 29.6%€479k▲ 127%
2023: €163klowest in 3 years
2024: €211k▲ +29.6% vs 2023
2025: €479k▲ +127% vs 2024highest in 3 years
Net result€125k-€163k▲ 29.8%€363k▲ 123%
2023: €125klowest in 3 years
2024: €163k▲ +29.8% vs 2023
2025: €363k▲ +123% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 127% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €831k
Fixed assets
€26k ▼ 33.5%
Current assets
€805k ▲ 93.8%
Equity and liabilities €831k
Equity
€653k ▲ 125%
Debt
€178k ▲ 8.4%
Debt's share of the balance-sheet total falls from 36.2% to 21.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€492k▲
2024 · €224k
Cash flow
€376k▲
2024 · €176k
Current ratio
4.86▲
2024 · 2.95
Debt to equity
0.27▼
2024 · 0.57
ROE
55.6%▼
2024 · 56.1%
ROA
43.7%▲
2024 · 35.8%
Interest coverage
123.12▼
2024 · 303.87
Debt ≤ 1 year
€166k▲
2024 · €141k
Debt > 1 year
€12k▼
2024 · €24k
Income taxes
€116k▲
2024 · €50k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€454k€831k▲
Fixed assets21/28€39k€26k▼
Tangible fixed assets22/27€39k€26k▼
Plant, machinery and equipment23€366€264▼
Furniture and vehicles24€39k€26k▼
Current assets29/58€415k€805k▲
Amounts receivable after more than one year29€95k€95k=
Other amounts receivable291€95k€95k=
Amounts receivable within one year40/41€71k€281k▲
Trade receivables40€71k€281k▲
Current investments50/53-€67k
Cash at bank and in hand54/58€247k€362k▲
Deferred charges and accrued income490/1€2k€452▼
Equity and liabilities
Total equity and liabilities10/49€454k€831k▲
Equity10/15€290k€653k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€288k€651k▲
Amounts payable17/49€164k€178k▲
Amounts payable after more than one year17€24k€12k▼
Financial debts170/4€24k€12k▼
Amounts payable within one year42/48€141k€166k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€86k€132k▲
Taxes450/3€86k€132k▲
Other amounts payable47/48€36k€18k▼
Accrued charges and deferred income492/3-€657
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€226k€493k▲
Operating profit (loss)9901€211k€479k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€738€4k▲
Recurring financial charges65€738€4k▲
Profit (loss) for the period before taxes9903€213k€479k▲
Income taxes67/77€50k€116k▲
Profit (loss) for the period9904€163k€363k▲
Profit (loss) for the period to be appropriated9905€163k€363k▲
Appropriation of the result
Profit (loss) to be appropriated9906€288k€651k▲
Profit (loss) brought forward from the previous period14P€125k€288k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | = |
| Other operating charges640/8 | €668 | €1k | €1k | ▼ 20.4% |
| Gross operating margin9900 | €177k | €226k | €493k | ▲ 119% |
| Operating profit (loss)9901 | €163k | €211k | €479k | ▲ 127% |
| Financial income75/76B | - | €2k | €4k | ▲ 75.5% |
| Recurring financial income75 | - | €2k | €4k | ▲ 75.5% |
| Financial charges65/66B | €930 | €738 | €4k | ▲ 442% |
| Recurring financial charges65 | €930 | €738 | €4k | ▲ 442% |
| Profit (loss) for the period before taxes9903 | €162k | €213k | €479k | ▲ 125% |
| Income taxes67/77 | €37k | €50k | €116k | ▲ 132% |
| Profit (loss) for the period9904 | €125k | €163k | €363k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €125k | €163k | €363k | ▲ 123% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €298k | €454k | €831k | ▲ 82.9% |
| Fixed assets21/28 | €52k | €39k | €26k | ▼ 33.5% |
| Tangible fixed assets22/27 | €52k | €39k | €26k | ▼ 33.5% |
| Plant, machinery and equipment23 | €468 | €366 | €264 | ▼ 27.9% |
| Furniture and vehicles24 | €52k | €39k | €26k | ▼ 33.5% |
| Current assets29/58 | €246k | €415k | €805k | ▲ 93.8% |
| Amounts receivable after more than one year29 | €95k | €95k | €95k | = |
| Other amounts receivable291 | €95k | €95k | €95k | = |
| Amounts receivable within one year40/41 | €88k | €71k | €281k | ▲ 296% |
| Trade receivables40 | €88k | €71k | €281k | ▲ 296% |
| Other amounts receivable41 | €126 | - | - | - |
| Current investments50/53 | - | - | €67k | - |
| Cash at bank and in hand54/58 | €63k | €247k | €362k | ▲ 46.2% |
| Deferred charges and accrued income490/1 | - | €2k | €452 | ▼ 76.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €298k | €454k | €831k | ▲ 82.9% |
| Equity10/15 | €127k | €290k | €653k | ▲ 125% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €125k | €288k | €651k | ▲ 126% |
| Amounts payable17/49 | €171k | €164k | €178k | ▲ 8.4% |
| Amounts payable after more than one year17 | €35k | €24k | €12k | ▼ 49.4% |
| Financial debts170/4 | €35k | €24k | €12k | ▼ 49.4% |
| Amounts payable within one year42/48 | €135k | €141k | €166k | ▲ 17.6% |
| Current portion of amounts payable after more than one year42 | €11k | €12k | €13k | ▲ 10.0% |
| Trade debts44 | €2k | €7k | €3k | ▼ 59.1% |
| Suppliers440/4 | €2k | €7k | €3k | ▼ 59.1% |
| Taxes, remuneration and social security45 | €69k | €86k | €132k | ▲ 52.3% |
| Taxes450/3 | €69k | €86k | €132k | ▲ 52.3% |
| Other amounts payable47/48 | €53k | €36k | €18k | ▼ 48.4% |
| Accrued charges and deferred income492/3 | €600 | - | €657 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €163k | €363k | ▲ 123% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | = |
| Operating cash flow (approximation) | €138k | €176k | €376k | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €184k | €114k | ▼ 37.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2023net €363k ▲123%
Operating result €479k, net result €363k, both a record.
30-06
Financial
Equity above €500kEq €653k ▲125%
3 profitable years in a row build equity to €653k.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
30-06
Financial
Equity above €200kEq €290k ▲128%
2 profitable years in a row build equity to €290k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Gent · 1 establishment unit since 2022
Ground area
515 m²
Building footprint
181 m²
Volume, LiDAR
1,273 m³
Parcel 44017A1170/00T000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
mg.recht
since 20222.332.445.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A1170/00T000 | Flanders | 515 m² | 1 · 181 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 5,307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2022
Fiscal year end30-06
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.