MG.SL-Technics
ActiveSummary
The computed 12-month bankruptcy probability of MG.SL-Technics is 2.6% (moderate). The 2025 annual accounts show negative equity (€-60k) and a net result of €57k. Equity is shrinking by ~70.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.52 in 2024; short-term debt: 106.6% and cash: 10.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-41.8%
Return on assets
39.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 5%
← weakest
strongest →
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 26-03-2026, 127 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
127 d early
2024
43 d early
2023
44 d early
2022
1 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-60k▲ 48.7%
2024 · €-117k
2022: €12k
2023: €-22k
2024: €-117k
2022 → 2025
Total assets
€144k▲ 26.7%
2024 · €113k
2022: €103k
2023: €134k
2024: €113k
2022 → 2025
Net result
€57k
2024 · €-95k
2022: €10k
2023: €-34k
2024: €-95k
2022 → 2025
Working capital
€-46k▲ 47.1%
2024 · €-87k
2022: €760
2023: €-10k
2024: €-87k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€12k-€-22k€-117k▼ 423%€-60k▲ 48.7%
Operating result€22k-€-29k€-74k▼ 156%€101k
Net result€10k-€-34k€-95k▼ 178%€57k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €101k after a loss of €74k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€36k ▲ 78.6%
Current assets
€107k ▲ 15.3%
Key figures and ratios
EBITDA
€111k▲
2024 · €-62k
Cash flow
€68k▲
2024 · €-83k
Solvency
-41.8%▲
2024 · -103.1%
Current ratio
0.70▲
2024 · 0.52
Debt to equity
-3.39▼
2024 · -1.97
ROA
39.6%▲
2024 · -83.4%
Interest coverage
2.55▲
2024 · -2.79
Debt
€204k▼
2024 · €230k
Debt ≤ 1 year
€153k▼
2024 · €180k
Debt > 1 year
€35k▼
2024 · €51k
Income taxes
€15
Staff costs
€295k▲
2024 · €194k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€144k▲
Fixed assets21/28€20k€36k▲
Tangible fixed assets22/27€20k€36k▲
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€4k€28k▲
Financial fixed assets28-€70
Current assets29/58€93k€107k▲
Amounts receivable within one year40/41€86k€81k▼
Trade receivables40€54k€36k▼
Other amounts receivable41€31k€45k▲
Cash at bank and in hand54/58€7k€15k▲
Deferred charges and accrued income490/1-€11k
Equity and liabilities
Total equity and liabilities10/49€113k€144k▲
Equity10/15€-117k€-60k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-119k€-62k▲
Amounts payable17/49€230k€204k▼
Amounts payable after more than one year17€51k€35k▼
Financial debts170/4€51k€35k▼
Amounts payable within one year42/48€180k€153k▼
Current portion of amounts payable after more than one year42€51k€39k▼
Financial debts43€19k€16k▼
Credit institutions430/8€19k€16k▼
Trade debts44€96k€68k▼
Suppliers440/4€96k€68k▼
Taxes, remuneration and social security45€14k€30k▲
Taxes450/3€274-
Remuneration and social security454/9€14k€30k▲
Other amounts payable47/48-€355
Accrued charges and deferred income492/3-€15k
Income statement
Code20242025
Remuneration, social security and pensions62€194k€295k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€136k€409k▲
Operating profit (loss)9901€-74k€101k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€22k€44k▲
Recurring financial charges65€22k€44k▲
Profit (loss) for the period before taxes9903€-95k€57k▲
Income taxes67/77-€15
Profit (loss) for the period9904€-95k€57k▲
Profit (loss) for the period to be appropriated9905€-95k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-119k€-62k▲
Profit (loss) brought forward from the previous period14P€-24k€-119k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €57k
Net result €57k after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Houthalen-Helchteren · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bosduifstraat 533530 Houthalen-HelchterenGround area
1,287 m²
Building footprint
220 m²
Volume, LiDAR
961 m³
Parcel 72452E1153/00M059, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MG.SL-Technics
since 20212.315.457.801
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E1153/00M059 | Flanders | 1,287 m² | 1 · 220 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 9,545 EUR awarded · 9,206 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,193 EUR | 7,854 EUR |
| 2024 | 1 | 717 EUR | 717 EUR |
| 2023 | 1 | 367 EUR | 460 EUR |
| 2022 | 1 | 268 EUR | 175 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesMG.SL-Technics BV41441
MG.SL-Technics BV#9773
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,957 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.