MG SYSTEME
ActiveMG SYSTEME has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €43k. Equity is growing by ~19.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+1
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.25 against 2.76 in 2024; short-term debt: 20.1% and cash: 65.7% of total assets), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
18.9%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
21 d early
2022
3 d early
2021
2 d late
2020
4 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k▲ 20.4%
2024 · €36k
2019: €19k
2020: €19k
2021: €32k
2022: €8k
2023: €20k
2024: €36k
2019 → 2025
Working capital
€149k▲ 55.1%
2024 · €96k
2019: €42k
2020: €53k
2021: €72k
2022: €87k
2023: €56k
2024: €96k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€103k▲ 8.8%€99k▼ 4.6%€138k▲ 39.8%€180k▲ 30.5%
Operating result€41k-€12k▼ 70.4%€27k▲ 123%€50k▲ 83.8%€60k▲ 19.7%
Net result€32k-€8k▼ 73.6%€20k▲ 142%€36k▲ 75.6%€43k▲ 20.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227k
Fixed assets
€33k▼ 29.5%
Current assets
€194k▲ 29.3%
Equity and liabilities €227k
Equity
€180k▲ 30.5%
Provisions
€804▼ 30.0%
Debt
€47k▼ 19.5%
The debt ratio falls from 29.4% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2024 · €67k
Cash flow
€58k▲
2024 · €53k
Solvency
79.2%▲
2024 · 70.0%
Current ratio
4.25▲
2024 · 2.76
Quick ratio
4.07▲
2024 · 2.37
Debt / equity
0.26▼
2024 · 0.42
ROE
23.8%▼
2024 · 25.8%
ROA
18.9%▲
2024 · 18.1%
Interest coverage
168.88▲
2024 · 69.22
Debt
€47k▼
2024 · €58k
Debt ≤ 1 year
€46k▼
2024 · €55k
Income taxes
€17k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€197k€227k▲
Fixed assets21/28€46k€33k▼
Tangible fixed assets22/27€46k€33k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€9k€5k▼
Furniture and vehicles24€32k€23k▼
Current assets29/58€150k€194k▲
Stocks and contracts in progress3€21k€8k▼
Stocks30/36€15k€7k▼
Contracts in progress37€6k€2k▼
Amounts receivable within one year40/41€28k€34k▲
Trade receivables40€25k€34k▲
Other amounts receivable41€4k€129▼
Cash at bank and in hand54/58€97k€149k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€197k€227k▲
Equity10/15€138k€180k▲
Contributions10/11€20k€20k=
Reserves13€3k€2k▼
Tax-exempt reserves132€3k€2k▼
Profit (loss) carried forward14€114k€157k▲
Provisions and deferred taxes16€1k€804▼
Deferred taxes168€1k€804▼
Amounts payable17/49€58k€47k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€55k€46k▼
Current portion of amounts payable after more than one year42€7k€3k▼
Trade debts44€28k€23k▼
Suppliers440/4€28k€23k▼
Taxes, remuneration and social security45€19k€19k▲
Taxes450/3€19k€19k▲
Other amounts payable47/48-€833
Accrued charges and deferred income492/3€195€800▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€1k€263▼
Gross operating margin9900€68k€75k▲
Operating profit (loss)9901€50k€60k▲
Financial income75/76B€113€1▼
Recurring financial income75€113€1▼
Financial charges65/66B€966€442▼
Recurring financial charges65€966€442▼
Profit (loss) for the period before taxes9903€49k€59k▲
Transfer from deferred taxes780€344€344=
Income taxes67/77€14k€17k▲
Profit (loss) for the period9904€36k€43k▲
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€37k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€158k▲
Profit (loss) brought forward from the previous period14P€77k€114k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
31-03
Financial
Highest result since 2019net €43k ▲20.4%
Operating result €60k, net result €43k, both a record.
31-03
Financial
Equity above €150kEq €180k ▲30.5%
7 profitable years in a row build equity to €180k.
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
31-03
Financial
Equity above €100kEq €138k ▲39.8%
6 profitable years in a row build equity to €138k.
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
31-03
Financial
Weakest financial yearnet €8k ▼73.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 7.08
Current ratio from 2.68 to 7.08; short-term debt falls from €43k to €14k.
31-03
Financial
Equity above €100kEq €103k ▲8.8%
4 profitable years in a row build equity to €103k.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 2 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sankt Vith · 1 establishment unit since 2014
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.
Holzberg,Emmels 134780 Sankt Vith1 establishment unit
MG SYSTEME
since 20142.233.832.596
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 8,413 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2014
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
33200Installation of industrial machinery and equipment
80090Investigation and security activities
80200Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.