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MG SPORTS

Active
Private limited companyfounded 2021active for 5 yearsKloosterstraat 171, 1700 Dilbeek, BelgiumKBO/BCE: BE 0776.537.656
Summary

MG SPORTS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,682 and a net result of -€7,591. Equity has been growing by about 42% per year since 2021. Its solvency ranks better than 46% of 2,865 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 27-10-2021 Normal situation
Activity
Operation of sports facilities NACE 93110and 2 others
Establishment unit
2.326.197.778 1140 Evere, since 27-10-2021
Financial year end
31 December
Peppol
Reachable since 03-02-2026

Board and ownership

Board
  • Meinguet JonathanDirector

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€62,990
▲ 5.0%
Turnover
≈ €190,000
estimated
Loss
€7,591
Equity
€15,682
▼ 32.6%
Total assets
€68,106
▼ 27.4%
Employees on 31-12-2025
2
▼ 33.3%
  • 2025 accounts filed 31 days after the deadline
Filed on 31-08-2026
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.09, cash €3,895lowers riskSector: Sports, amusement and recreation activities (NACE 93)Size: total assets €68,106Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 29% of micro companies in sports and recreation (NACE 93)
Financial strength · tick: 2024
Weak
Solvency 48-2
equity 23.0% of total assets
Liquidity 19-9
short-term debt 71.8% · cash 5.7%
Profitability 55-34
return on assets -11.1%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,268 companies, NACE 93, micro)
Last 24 months 12-2024: 1.1% 01-2025: 1.0%▼ -0.1 percentage points vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.0%▼ -0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.4 percentage points vs 07-2025 09-2025: 1.7%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 0.6%▼ -1.1 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.5%▼ -0.1 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026lowest value 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▼ -0.1 percentage points vs 08-2026 10-2026: 0.7%▼ -0.1 percentage points vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.36 in 2024), below 1. Short-term debt is 71.8% and cash 5.7% of total assets. 77% of the assets are financed with debt and provisions.
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 93, micro). It does better than 45% of them on solvency, 16% on liquidity, 37% on profitability and 18% on growth.

The bankruptcy probability was computed on 01-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €68,106
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.09, cash €3,895
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
27 days late
2022
31 days late
2021
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 30 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as MG SPORTS: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €53,200 and €103,000, founded between 2020 and 2023.

CompanyTotal assetsGross margin
MG SPORTS Dilbeek€68,106€62,990
WARRIOR FACTORY Vilvoorde€91,000€72,851
LCJ SPORT Ohey€53,250€90,783
FORWARD SPORTS CLUB Hasselt€65,862€38,688
ALLNATFIT Charleroi€74,852€50,131
Padelland Antwerpen€102,820€85,362
DL-HAPPYFITBODY Couvin€99,527€94,352
Full comparison

Key facts about MG SPORTS

What is the company number of MG SPORTS?
The company number of MG SPORTS is 0776.537.656. The VAT number is the same number with BE in front: BE 0776.537.656.
Where is MG SPORTS based?
The registered office is at Kloosterstraat 171, 1700 Dilbeek.Company details
What does MG SPORTS do?
According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
What is the legal form of MG SPORTS?
The legal form of MG SPORTS is Private limited company (BV).
When was MG SPORTS founded?
MG SPORTS was founded on 27-10-2021.
Is MG SPORTS still active?
Yes, MG SPORTS is an active enterprise in the KBO register.
How many employees does MG SPORTS have?
MG SPORTS had an average of 2.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MG SPORTS?
The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €62,990 and 2,678 comparable companies of the same size. It probably lies between €120,000 and €330,000. It is a rough estimate.
Is MG SPORTS profitable?
In financial year 2025, MG SPORTS made a loss of €7,591.
Where can I find the annual accounts of MG SPORTS?
MG SPORTS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MG SPORTS due?
MG SPORTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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