Skip to content

MG-SMART

Active
Private limited companyfounded 20233 yrs activeHockeylaan 31, 1932 Zaventem, BelgiumKBO/BCE: BE 0805.635.676
Summary

The computed 12-month bankruptcy probability of MG-SMART is 8.0% (elevated). The 2025 annual accounts show negative equity (-€681) and a net result of €12,050. Equity is growing by ~31.3% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: Elevated
Axes · tick = 2024
Profitability-
Solvency-
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
8.0% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 filings
Deviation from the deadline
2025
13 d late
2024
29 d late
2023
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
28-09-2026 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

History

On 8 September 2023, MG-SMART was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€681▲ 94.7%
2024 · -€12,731
Total assets
€9,130▼ 26.2%
2023 · €12,378
Net result
€12,050
2024 · -€10,911
Working capital
-€20,501▼ 47.4%
2023 · -€13,907
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€2,320--€10,847▼ 368%€12,202
Net result-€2,320--€10,911▼ 370%€12,050
Equity-€1,820--€12,731▼ 600%-€681▲ 94.7%
Total assets€12,378-€9,130▼ 26.2%
Debt€14,198-€21,861▲ 54.0%€681▼ 96.9%
Working capital-€13,907--€20,501▼ 47.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2023: -€2,320-€2,320Net result 2023: -€2,320-€2,320Operating result 2024: -€10,847-€10,847Net result 2024: -€10,911-€10,911Operating result 2025: €12,202€12,202Net result 2025: €12,050€12,050202320242025-€20,000-€10,000€0€10,000Operating result 2023: -€2,320-€2,320Net result 2023: -€2,320-€2,320Operating result 2024: -€10,847-€10,800Net result 2024: -€10,911-€10,900Operating result 2025: €12,202€12,200Net result 2025: €12,050€12,100202320242025
The operating result returns to profit in 2025: €12,202 after a loss of €10,847 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€681▼
2024 · €21,861
Equity ratios withheld: equity of -€681 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€9,130-
Fixed assets21/28€7,770-
Tangible fixed assets22/27€7,770-
Furniture and vehicles24€7,770-
Current assets29/58€1,360-
Amounts receivable within one year40/41€464-
Other amounts receivable41€464-
Cash at bank and in hand54/58€896-
Equity and liabilities
Total equity and liabilities10/49€9,130€0▼
Equity10/15-€12,731-€681▲
Contributions10/11€500€500=
Profit (loss) carried forward14-€13,231-€1,181▲
Amounts payable17/49€21,861€681▼
Amounts payable within one year42/48€21,861€681▼
Trade debts44€6,244-
Suppliers440/4€6,244-
Other amounts payable47/48€15,617€681▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,317-
Other operating charges640/8€218-
Gross operating margin9900-€6,312€12,202▲
Operating profit (loss)9901-€10,847€12,202▲
Financial charges65/66B€64€152▲
Recurring financial charges65€64€152▲
Profit (loss) for the period before taxes9903-€10,911€12,050▲
Profit (loss) for the period9904-€10,911€12,050▲
Profit (loss) for the period to be appropriated9905-€10,911€12,050▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,231-€1,181▲
Profit (loss) brought forward from the previous period14P-€2,320-€13,231▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€863€4,317--
Other operating charges640/8-€218--
Gross operating margin9900-€1,457-€6,312€12,202▲ 293%
Operating profit (loss)9901-€2,320-€10,847€12,202▲ 212%
Financial charges65/66B-€64€152▲ 138%
Recurring financial charges65-€64€152▲ 138%
Profit (loss) for the period before taxes9903-€2,320-€10,911€12,050▲ 210%
Profit (loss) for the period9904-€2,320-€10,911€12,050▲ 210%
Profit (loss) for the period to be appropriated9905-€2,320-€10,911€12,050▲ 210%
Line202320242025Change
Assets
Total assets20/58€12,378€9,130--
Fixed assets21/28€12,087€7,770--
Tangible fixed assets22/27€12,087€7,770--
Furniture and vehicles24€12,087€7,770--
Current assets29/58€291€1,360--
Amounts receivable within one year40/41€169€464--
Trade receivables40€169---
Other amounts receivable41-€464--
Cash at bank and in hand54/58€122€896--
Equity and liabilities
Total equity and liabilities10/49€12,378€9,130€0▼ 100%
Equity10/15-€1,820-€12,731-€681▲ 94.7%
Contributions10/11€500€500€500=
Profit (loss) carried forward14-€2,320-€13,231-€1,181▲ 91.1%
Amounts payable17/49€14,198€21,861€681▼ 96.9%
Amounts payable within one year42/48€14,198€21,861€681▼ 96.9%
Trade debts44€14,198€6,244--
Suppliers440/4€14,198€6,244--
Other amounts payable47/48-€15,617€681▼ 95.6%
Line202320242025Change
Profit (loss) for the period9904-€2,320-€10,911€12,050▲ 210%
+ Depreciation and write-downs630€863€4,317--
Operating cash flow (approximation)-€1,457-€6,594€12,050▲ 283%
Investment in fixed assets (approximation)-€0--
Change in cash-€774--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial Back to profitnet €12,050
Net result €12,050 after 2 loss-making years.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Weakest financial yearnet -€10,911
Net result drops to -€10,911, the lowest in the series; recovery starts the following year.
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Zaventem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
166 m²
Building footprint
166 m²
Volume, LiDAR
815 m³
Parcel 23078C0033/00M003, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MG-SMART
Hockeylaan 31, 1932 ZaventemRepair and maintenance of electrical equipment
since 20232.353.607.901
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23078C0033/00M003 Flanders 166 m² 1 · 166 m² 7.4 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.

Recognitions · licences · registrations

Recognised contractor

2 categories
MG-SMART BV43583
category C2, class 1 · category P1, class 1
decision 05-03-2024

Identification & contact

Identification
Legal formPrivate limited company
Founded08-09-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.