Equity
€4,000 from €79,878 in 2021
Equity fell by 95% in 4 years.
MG TEC
Lifetime
6 annual accounts with figures on one time axispeak €69,509 (2022)
€55,539▼ 16.9%
peak €52,957 (2022)
€37,175▼ 19.6%
peak €79,878 (2021)
€4,000unchanged
€93,909▼ 11.0%
Board1 name since 2019
1 directorGHULAM Mohammed Hussain
Documentsfilings and deeds
22-04-2026100 days before the deadline
2025micro format
Gross margin from €66,871 to €55,539Dividend €37,175Investments €929Cash from €83,002 to €56,405
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€93,909 96% of the balance sheet
Suppliers 23%Taxes and wages 31%Other 45%
Investments
€929 3.1 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 2 late
The 2020 accounts came latest: 117 days after the end of the period.
Starting capital
€4,000 100 shares
Checked score
93
Excellent
Financially stronger than 49% of micro companies in computer and electronic products (NACE 26)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 447 companies (NACE 26, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Equity €4,000 (4.1% of total assets)
lowers risk
Sector: Manufacture of computer, electronic and optical products (NACE 26)
Liquidity: current ratio 1.03, cash €56,405
Size: total assets €97,909
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 26, micro). It does better than 21% of them on solvency, 38% on liquidity, 94% on profitability and 44% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as MG TEC has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of MG TEC itself is lower: 0.1% within 12 months. It rests on far more data about MG TEC than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for MG TEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 251 sector peers (2025).
NBB · sector comparisonPosition among 251 sector peers
Solvency
better than 23%
← weakest
strongest →
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 22-04-2026, 100 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
100 days early
2024
39 days early
2023
30 days early
2022
47 days early
2021
31 days late
2020
117 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 11 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% 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 22 June (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0736482792
Incorporation
Founding capital of €4,000, 100 shares · Founder: GHULAM Mohammed Hussain · Appointment: GHULAM Mohammed Hussain (director) · published on 18-10-2019 · Gazette deed
First establishment
Eliaertsstraat 14, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MG TEC Antwerp | €97,909 | €55,539 | 4.1% | - |
| Infralab Kapellen | €155,899 | €58,505 | 36.7% | - |
| VYMORE Destelbergen | €175,975 | €38,606 | 64.4% | - |
| LOGOLEGIS Londerzeel | €181,563 | €42,818 | 58.9% | - |
| INSPECTRON Ixelles | €162,981 | €106,210 | 51.3% | - |
| INNOVATION 39 Waterloo | €99,582 | €32,307 | 78.8% | - |
| TVR Engineering Maldegem | €148,062 | €74,470 | 84.2% | - |
These companies have the same main activity as MG TEC: manufacture of computer, electronic and optical products (NACE 26510). They are comparable in size and age: total assets between €99,600 and €182,000, founded between 2015 and 2022.
Official details
Source: KBO- Status
- Active since 16-10-2019Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26510and 3 others
- Establishment unit
- 2.295.421.6582140 Antwerp, since 16-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- €97,909▼ 10.6%
- Filing
- Filed on 22-04-2026, 100 days before the end of the filing period
Insights on MG TEC
MG TEC files the micro format. That format states no turnover. The gross margin rose from €48,290 in 2020 to €55,539 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MG TEC
- What is the company number of MG TEC?
- The company number of MG TEC is 0736.482.792. The VAT number is the same number with BE in front: BE 0736.482.792.
- Where is MG TEC based?
- The registered office is at Eliaertsstraat 14, 2140 Antwerp.Company details
- What does MG TEC do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26510).
- What is the legal form of MG TEC?
- MG TEC is a private limited company (BV).
- When was MG TEC founded?
- MG TEC was founded on 16-10-2019.
- Is MG TEC still active?
- Yes, MG TEC is an active enterprise in the KBO register.
- What is the turnover of MG TEC?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €55,539 and 2,666 comparable companies of the same size. It probably lies between €110,000 and €290,000. It is a rough estimate.Financials
- Is MG TEC profitable?
- In financial year 2025, MG TEC made a profit of €37,175.
- Where can I find the annual accounts of MG TEC?
- MG TEC filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG TEC due?
- MG TEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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