MG SERVICES
ActiveSummary
MG SERVICES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€12,858) and a net result of -€4,184. Equity is shrinking by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 2817 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,160 | - | - | - |
| Other operating charges640/8 | €759 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | -€1,092 | -€1,040 | -€486 | ▲ 53.2% |
| Operating profit (loss)9901 | -€3,011 | -€1,425 | -€874 | ▲ 38.7% |
| Financial income75/76B | €0 | - | - | - |
| Recurring financial income75 | €0 | - | - | - |
| Financial charges65/66B | €2,571 | €3,668 | €3,311 | ▼ 9.7% |
| Recurring financial charges65 | €2,571 | €3,668 | €3,311 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | -€5,582 | -€5,093 | -€4,184 | ▲ 17.8% |
| Profit (loss) for the period9904 | -€5,582 | -€5,093 | -€4,184 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | -€5,582 | -€5,093 | -€4,184 | ▲ 17.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €130,566 | €130,549 | €130,936 | ▲ 0.3% |
| Formation expenses20 | - | €0 | - | - |
| Fixed assets21/28 | €130,000 | €130,000 | €130,000 | = |
| Financial fixed assets28 | €130,000 | €130,000 | €130,000 | = |
| Current assets29/58 | €566 | €549 | €936 | ▲ 70.6% |
| Amounts receivable within one year40/41 | €192 | €240 | €456 | ▲ 89.8% |
| Other amounts receivable41 | €192 | €240 | €456 | ▲ 89.8% |
| Cash at bank and in hand54/58 | €374 | €309 | €480 | ▲ 55.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €130,566 | €130,549 | €130,936 | ▲ 0.3% |
| Equity10/15 | -€3,582 | -€8,674 | -€12,858 | ▼ 48.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€5,582 | -€10,674 | -€14,858 | ▼ 39.2% |
| Amounts payable17/49 | €134,148 | €139,223 | €143,794 | ▲ 3.3% |
| Amounts payable after more than one year17 | €78,316 | €58,111 | €37,060 | ▼ 36.2% |
| Financial debts170/4 | €78,316 | €58,111 | €37,060 | ▼ 36.2% |
| Amounts payable within one year42/48 | €55,747 | €80,942 | €106,259 | ▲ 31.3% |
| Current portion of amounts payable after more than one year42 | €19,815 | €20,205 | - | - |
| Financial debts43 | - | - | €21,051 | - |
| Credit institutions430/8 | - | - | €21,051 | - |
| Trade debts44 | - | €805 | €1,277 | ▲ 58.6% |
| Suppliers440/4 | - | €805 | €1,277 | ▲ 58.6% |
| Other amounts payable47/48 | €35,932 | €59,932 | €83,932 | ▲ 40.0% |
| Accrued charges and deferred income492/3 | €85 | €170 | €475 | ▲ 180% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,582 | -€5,093 | -€4,184 | ▲ 17.8% |
| + Depreciation and write-downs630 | €1,160 | - | - | - |
| Operating cash flow (approximation) | -€4,422 | -€5,093 | -€4,184 | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€65 | €172 | ▲ 365% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0142/00A000 | Wallonia | 3.4 ha | 1 · 6,467 m² | - |
| 62030A0196/00R000 | Wallonia | 1,237 m² | 1 · 367 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of MG SERVICES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector and region
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.