MG SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of MG SERVICES is 2.1% (moderate). The 2025 annual accounts show negative equity (-€41,775) and a net result of -€11,038. Equity has been shrinking by about 55% per year since 2022. Its solvency ranks better than 15% of 155 sector peers (NACE 51, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 14-06-2021 Normal situation
- Activity
- Air transport NACE 51100and 4 others
- Establishment units
- 2.321.200.496 8020 Oostkamp, since 10-08-2021
- 2.336.919.347 8020 Oostkamp, since 04-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-05-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
- Gross margin
- -€10,331
- ▼ 15.0%
- Loss
- €11,038
- ▼ 38.1%
- Equity
- -€41,775
- ▼ 35.9%
- Total assets
- €43,488
- ▼ 8.9%
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€41,7752 establishment unitsFounded in 2021lowers riskSize: total assets €43,488Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 51, micro). It does better than 9% of them on solvency, 11% on liquidity, 9% on profitability and 18% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 4 accounts on average 37 days before the deadline. In the sector (NACE 51), the median for financial year 2024 was 10 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€41,775 View
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€11,038 View
- Caution: Less equity than 88% of companies in air transportsector median €41,675 · 155 companies -€41,775 View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
Recent changes
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MG SERVICES: air transport (NACE 51100). They are comparable in size and age: total assets between €33,500 and €106,000, founded between 2017 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| MG SERVICES Oostkamp | €43,488 | -€10,331 |
| Helix Pilots Antwerpen | €34,868 | -€6,546 |
| THOMAS VAN ERCK Lille | €75,505 | -€9,710 |
| AIR CHOICE 1 Sint-Niklaas | €34,366 | -€7,886 |
| AIRCRO Blankenberge | €33,548 | -€2,948 |
| Air Flanders Geel | €87,206 | -€32,056 |
| FLY-B-WIRE Temse | €106,265 | €580 |
Key facts about MG SERVICES
- What is the company number of MG SERVICES?
- The company number of MG SERVICES is 0769.667.581. The VAT number is the same number with BE in front: BE 0769.667.581.
- Where is MG SERVICES based?
- The registered office is at Gruuthuselaan 43, 8020 Oostkamp.Company details
- What does MG SERVICES do?
- According to the KBO register, the main activity is air transport (NACE 51100).
- What is the legal form of MG SERVICES?
- The legal form of MG SERVICES is Private limited company (BV).
- When was MG SERVICES founded?
- MG SERVICES was founded on 14-06-2021.
- Is MG SERVICES still active?
- Yes, MG SERVICES is an active enterprise in the KBO register.
- What is the turnover of MG SERVICES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MG SERVICES profitable?
- In financial year 2025, MG SERVICES made a loss of €11,038.
- Where can I find the annual accounts of MG SERVICES?
- MG SERVICES filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG SERVICES due?
- MG SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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