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MG System

Active
Private limited companyfounded 2024active for 2 yearsBosbeeklaan 9, 2830 Willebroek, BelgiumKBO/BCE: BE 1010.904.108
Summary

The computed 12-month bankruptcy probability of MG System is 1.8% (moderate). The 2025 annual accounts show equity of €113,740 and a net result of €59,849. Its solvency ranks better than 46% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
MG SystemActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990General construction of residential buildings NACE 41001
1 site
Size
€693,785turnover 2025
Staff
1 FTE
Equity
€113,740
Profit
€59,849
Financial health
56 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Structure
2025 accounts 23 days early
Why 56raises riskFounded in 2024Size: turnover €693,785, total assets €260,740Sector: Specialised construction activities (NACE 43)lowers riskEquity €113,740 (43.6% of total assets)Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 67% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 69-15
equity 43.6% of total assets
Liquidity 54+23
short-term debt 22.0% · cash 9.5%
Profitability 92-8
return on assets 23.0%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,639 companies, NACE 43, micro)
Last 24 months 07-2025: 2.2% 08-2025: 2.2%● unchanged vs 07-2025 09-2025: 2.3%▲ +0.1 percentage points vs 08-2025 10-2025: 2.7%▲ +0.4 percentage points vs 09-2025 11-2025: 2.8%▲ +0.1 percentage points vs 10-2025 12-2025: 2.9%▲ +0.1 percentage points vs 11-2025 01-2026: 2.9%● unchanged vs 12-2025 02-2026: 3.1%▲ +0.2 percentage points vs 01-2026 03-2026: 3.3%▲ +0.2 percentage points vs 02-2026 04-2026: 3.3%● unchanged vs 03-2026 05-2026: 3.4%▲ +0.1 percentage points vs 04-2026 06-2026: 3.7%▲ +0.3 percentage points vs 05-2026 07-2026: 3.8%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 1.8%▼ -2.0 percentage points vs 07-2026lowest value 09-2026: 1.8%● unchanged vs 08-2026lowest value 10-2026: 1.8%● unchanged vs 09-2026lowest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity ample (current ratio 2.31, compared with 2.32 in 2024, above the usual 1.5; short-term debt: 22% and cash: 9.5% of total assets), but 56.4% 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 43, micro): better than 47% on solvency, 50% on liquidity, 78% on profitability and 95% on growth.

The bankruptcy probability was computed on 25-10-2026 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
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €693,785, total assets €260,740
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Equity €113,740 (43.6% of total assets)
NBB · annual accounts
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 days early
2024
57 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 40 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Equity above €100,000equity €113,740 ▲111%
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Turnover rose in 2025from €238,988 to €693,785 ▲ 190% View
  • Positive: Among the best 11% on net resultsector median €10,246 · 34,686 companies €59,849 View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Turnover
€693,785
Profit
€59,849
Solvency
43.6%
Turnover▲ 190%
Net result
20242025
Go to Financials

Timeline

Events
4
Since
2024
Next accounts
by 31-07-2027
  1. 02-07-2024Incorporation
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
28-06-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Annual meeting
Second Monday of June at 18:00
Statutory auditor
No statutory auditor
Go to Articles of association

Key facts about MG System

What is the company number of MG System?
1010.904.108. In Belgium the VAT number is the company number with BE in front: BE 1010.904.108.
Where is MG System based?
The registered office is at Bosbeeklaan 9, 2830 Willebroek.Company details
What does MG System do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of MG System?
Private limited company (BV).
When was MG System founded?
On 28-06-2024.
Is MG System still active?
Yes, MG System is an active enterprise in the KBO register.
How many employees does MG System have?
On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MG System?
€693,785 in financial year 2025, according to the filed annual accounts.
Is MG System profitable?
In financial year 2025, MG System made a profit of €59,849.
Where can I find the annual accounts of MG System?
MG System filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MG System due?
By 31-07-2027, for financial year 2026.Timeline

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