Financials
- Financial year
- 2025
- Total assets
- €5.9m
- Loss
- -€115,786
- Solvency
- 34.5%
Total assets▲ 26.2%
Net result
20232025
MG SQUARE
ActiveSummary
MG SQUARE has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of -€115,786. Equity is growing by about 40% per year across the filed financial years. Its solvency ranks better than 52% of 346 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Electricity, gas, steam and air conditioning supply
NACE 35120
1 site
Size
€5.9mtotal assets 2025
- Equity
- €2.0m
- Loss
- -€115,786
Turnover not published (abbreviated format)
Structure
- Parent
- MC DIAM · 69%
2025 accounts 31 days early4 of 5 deeds summarised
Why 83raises riskLiquidity: current ratio 0.23, cash €19,259Founded in 2022lowers riskSize: total assets €5.9mFigures for financial year 2025 (filed 30-06-2026)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 35, small)
Financial strength · tick = 2024
Weak
Solvency
59+1
equity 34.5% of total assets
Liquidity
36-3
short-term debt 33.8% · cash 0.3%
Profitability
27+6
return on assets -2.0%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▼ -0.2 percentage points vs 09-2026
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.23, compared with 0.01 in 2024, below 1; short-term debt: 33.8% and cash: 0.3% of total assets), and 65.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 35, small): better than 52% on solvency, 18% on liquidity, 14% on profitability and 86% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
on the day
2023
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% 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 July (3 of the last 3 filed years within 31 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Capital & sharesCapital increase · Capital contribution…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €2mequity €2.0m ▲32.8%
Key points
By topic
Board & ownership
- Parent
- MC DIAM · 69%
Timeline
- Events
- 9
- Since
- 2023
- Next accounts
- by 31-07-2027
- 31-07-2025Annual accounts filed
- 18-07-2025Amendment of the articles · Miscellaneous
- 31-12-2024Equity above €1m
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35120
- Founded
- 13-01-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
See the provisions in the deeds
Go to Articles of associationKey facts about MG SQUARE
- What is the company number of MG SQUARE?
- 0780.428.247. In Belgium the VAT number is the company number with BE in front: BE 0780.428.247.
- Where is MG SQUARE based?
- The registered office is at Koekoeklaan 10, 3080 Tervuren.Company details
- What does MG SQUARE do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35120).
- What is the legal form of MG SQUARE?
- Private limited company (BV).
- When was MG SQUARE founded?
- On 13-01-2022.
- Is MG SQUARE still active?
- Yes, MG SQUARE is an active enterprise in the KBO register.
- What is the turnover of MG SQUARE?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is MG SQUARE profitable?
- In financial year 2025, MG SQUARE made a loss of €115,786.
- Where can I find the annual accounts of MG SQUARE?
- MG SQUARE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG SQUARE due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to MG SQUARE
Parent and group
- MC DIAM69%
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