MG SOFTWARE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MG SOFTWARE is 0.4% (very low). The 2025 annual accounts show equity of €48k and a net result of €7k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 2749 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	13-05-2026	79 d early	2026-00109953
31-12-2024	31-07-2025	29-05-2025	63 d early	2025-00118088
31-12-2023	31-07-2024	03-09-2024	34 d late	2024-00438263
31-12-2022	31-07-2023	01-09-2023	32 d late	2023-00428933
31-12-2021	31-07-2022	26-10-2022	87 d late	2022-20480837

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€7k-78.3%

Working capital€41k-45.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 13-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~9.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.7%	62.2%	better than 35% of 2749 sector peers
Net result	€7k	€40k	better than 19% of 2751 sector peers
Equity	€48k	€62k	better than 43% of 2750 sector peers
Gross operating margin	€39k	€63k	better than 31% of 2751 sector peers
Staff costs	€25k	€17k	higher than 55% of 362 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P35

Weakening position over 2021-2025 · n=1733-7336

Net result P19

Weakening position over 2021-2025 · n=1728-7333

Equity P43

Stable position over 2021-2025 · n=1733-7338

Gross operating margin P31

Weakening position over 2021-2025 · n=1726-7327

Describes the position versus peers, not a forecast.

EBITDA

€12k

-73.0% 21-25

Net profit

€7k

-78.3% 21-25

Cash flow

€8k

-75.5% 21-25

Total assets

€123k

-16.4% 21-25

Equity

€48k

-41.6% 21-25

Working capital

€41k

-45.9% 21-25

Employees (FTE)

1

+150.0% 21-25

Staff costs

€25k

+128.3% 21-25

Income taxes

€4k

-66.6% 21-25

Dividends

€41k

-8.7% 21-25

Debt

€75k

+14.8% 21-25

Debt ≤ 1y

€75k

+14.8% 21-25

Current ratio

1.55

-28.4% 21-25

Quick ratio

1.55

-28.4% 21-25

Solvency

38.7%

-30.1% 21-25

Debt / equity

1.59

+96.5% 21-25

ROE

15.2%

-62.8% 21-25

ROA

5.9%

-74.0% 21-25

Interest coverage

54.65

-70.1% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€12k
Net profit	€7k
Cash flow	€8k
Staff costs	€25k
Income taxes	€4k
Dividends	€41k
Total assets	€123k
Equity	€48k
Debt	€75k
of which ≤ 1y	€75k
of which > 1y	-
Working capital	€41k
Employees (FTE)	1.0

Ratios (computed)

	2025
Current ratio	1.55
Quick ratio	1.55
Working capital ratio	33.7%
Solvency	38.7%
Debt / equity	1.59
Long-term debt ratio	-
Interest coverage	54.65
Gross margin	-
Net margin	-
ROA	5.9%
ROE	15.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €6k · 5.0% Current assets €117k · 95.0%

Equity & liabilities

Equity €48k · 38.7% Debt €75k · 61.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€123k
Fixed assets	21/28	€6k
Tangible fixed assets	22/27	€6k
Current assets	29/58	€117k
Amounts receivable within one year	40/41	€30k
Cash & bank	54/58	€87k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€123k
Equity	10/15	€48k
Contributions / capital	10/11	€5k
Reserves	13	€43k
Amounts payable	17/49	€75k
Amounts payable within one year	42/48	€75k
Trade debts payable within one year	44	€500
Income statement
Gross operating margin	9900	€39k
Operating result	9901	€11k
Financial income	75	€30
Financial charges	65	€223
Result before taxes	9903	€11k
Income taxes	67/77	€4k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Buissetstraat (Xavier) 621800 Vilvoorde

Establishment units

1 location

MG SOFTWARE

Buissetstraat (Xavier) 62, 1800 VilvoordeOntwerpen en programmeren van computerprogramma's

since 20212.312.581.354

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area244 m²

Buildings1

Building footprint97 m²

Volume (LiDAR)1,089 m³

Tallest building20.3 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23642D0896/00E028	Flanders	244 m²	1 · 97 m²	20.2 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 76

Solvency 72

Growth 52

Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 2,789 of the 16,726 companies in this sector. 2,322 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Beheer van computerfaciliteiten62030Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Webportalen63120Activiteiten van webportalen63910Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990

Primary activity highlighted.

Names & trade names

Legal nameNL

MG SOFTWARE

Registered office

Buissetstraat (Xavier) 62

1800 Vilvoorde, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.