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MG SANITEC

Active
Private limited companyfounded 200421 yrs activeBoskapelstraat 96, 2275 Lille, BelgiumKBO/BCE: BE 0869.900.849
Summary

MG SANITEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,630 and a net result of €20,489. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
MG SANITECActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
1 site
Size
€247,266total assets 2025
Equity
€233,630
Profit
€20,489
Turnover not published (abridged schema)
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts 44 d early0 of 5 deeds read
Why 97- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 10.69, cash €108,229+ Equity €233,630 (94.5% of total assets)+ Founded in 2004Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 94.5% of total assets
Liquidity 100+12
short-term debt 5.5% · cash 43.8%
Profitability 79-14
return on assets 8.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -1.7% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +15.3% vs 03-2025 05-2025: 0.1%▲ +1.5% vs 04-2025highest value 06-2025: 0.1%▼ -1.4% vs 05-2025 07-2025: 0.1%▼ -25.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +13.7% vs 03-2026 05-2026: 0.1%▲ +3.4% vs 04-2026 06-2026: 0.1%▼ -1.7% vs 05-2026 07-2026: < 0.1%▼ -23.7% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 10.69, cash €108,229 lowers the probability
  • Equity €233,630 (94.5% of total assets) lowers the probability
  • Founded in 2004 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 10.69 against 5.66 in 2024; short-term debt: 5.5% and cash: 43.8% of total assets), and 5.5% 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 43, micro). Better than this share of them on solvency 90%, liquidity 98%, profitability 58%, growth against the median 54%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 10.69, cash €108,229
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €233,630 (94.5% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2004
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 d early
2024
34 d early
2023
35 d early
2022
4 d early
2021
18 d late
2020
10 d late
2019
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before 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 (2)
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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
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 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Highest result since 2018net €48,760 ▲1,164%

Key points

  • Positive: Among the best 5% on solvencysector median 44.2% · 9,534 companies 94.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Total assets 20256 fiscal years filed €247,266 View

By topic

Financials

Fiscal year
2025
Total assets
€247,266
Profit
€20,489
Solvency
94.5%
Total assets▼ 2.3%
Net result
20182025
Go to Financials

Timeline

Events
18
Since
2017
Next accounts
by 31-07-2027
  1. 17-06-2026Annual accounts filed
  2. 27-06-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
09-11-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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