MG TEC
ActiveMG TEC has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency29=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
4.1%
Return on assets
38%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 197 sector peers (2025).
NBB · sector comparisonPosition among 197 sector peers
Solvency
better than 20%
← 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 d early
2024
39 d early
2023
30 d early
2022
47 d early
2021
31 d late
2020
117 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k=
2024 · €4k
2020: €41k
2021: €80k
2022: €4k
2023: €25k
2024: €4k
2020 → 2025
Total assets
€98k▼ 10.6%
2024 · €110k
2020: €61k
2021: €119k
2022: €178k
2023: €40k
2024: €110k
2020 → 2025
Net result
€37k▼ 19.6%
2024 · €46k
2020: €37k
2021: €39k
2022: €53k
2023: €21k
2024: €46k
2020 → 2025
Working capital
€3k▼ 40.6%
2024 · €5k
2020: €37k
2021: €77k
2022: €2k
2023: €24k
2024: €5k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€4k▼ 95.0%€25k▲ 520%€4k▼ 83.9%€4k=
Operating result€51k-€68k▲ 34.0%€28k▼ 58.5%€65k▲ 131%€55k▼ 16.4%
Net result€39k-€53k▲ 34.7%€21k▼ 60.7%€46k▲ 122%€37k▼ 19.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€788▲ 407%
Current assets
€97k▼ 11.2%
Equity and liabilities €98k
Equity
€4k=
Debt
€94k▼ 11.0%
The debt ratio falls from 96.3% to 95.9%. Debt is lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €66k
Cash flow
€37k▼
2024 · €47k
Solvency
4.1%▲
2024 · 3.7%
Current ratio
1.03▼
2024 · 1.05
Quick ratio
1.03▼
2024 · 1.05
Debt / equity
23.48▼
2024 · 26.38
ROE
929.4%
ROA
38.0%▼
2024 · 42.2%
Interest coverage
164.90▼
2024 · 459.16
Debt
€94k▼
2024 · €106k
Debt ≤ 1 year
€94k▼
2024 · €104k
Income taxes
€17k▼
2024 · €19k
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€110k€98k▼
Fixed assets21/28€155€788▲
Tangible fixed assets22/27€155€788▲
Furniture and vehicles24€155€788▲
Current assets29/58€109k€97k▼
Amounts receivable within one year40/41€26k€40k▲
Trade receivables40€26k€40k▲
Cash at bank and in hand54/58€83k€56k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€110k€98k▼
Equity10/15€4k€4k=
Contributions10/11€4k€4k=
Outside capital11€4k€4k=
Other1109/19€4k€4k=
Amounts payable17/49€106k€94k▼
Amounts payable within one year42/48€104k€94k▼
Trade debts44€9k€22k▲
Suppliers440/4€9k€22k▲
Taxes, remuneration and social security45€23k€29k▲
Taxes450/3€21k€29k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€72k€43k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€932€296▼
Other operating charges640/8€569€585▲
Gross operating margin9900€67k€56k▼
Operating profit (loss)9901€65k€55k▼
Financial charges65/66B€144€333▲
Recurring financial charges65€144€333▲
Profit (loss) for the period before taxes9903€65k€54k▼
Income taxes67/77€19k€17k▼
Profit (loss) for the period9904€46k€37k▼
Profit (loss) for the period to be appropriated9905€46k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€37k▼
Profit (loss) brought forward from the previous period14P€21k-
Profit to be distributed694/7€67k€37k▼
Return on contributions (dividend)694€67k€37k▼
The notes to these accounts (4 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
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €21k ▼60.7%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.56
Current ratio from 1.01 to 2.56; short-term debt falls from €174k to €15k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €53k ▲34.7%
Operating result €68k, net result €53k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2019
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.
Eliaertsstraat 142140 AntwerpenGround area
88 m²
Building footprint
88 m²
Volume, LiDAR
916 m³
Parcel 11006A0540/00N002, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MG TEC
since 20192.295.421.658
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0540/00N002 | Flanders | 88 m² | 1 · 88 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LnK
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AS TEC
BE 1011.739.989
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Voltrex
BE 1028.354.210
Sint-Niklaas · Eq €5k
Braive - Instruments
BE 0414.698.853
Liège · Eq €5k
A.B. PROCESS AUTOMATION
BE 0774.749.391
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Of 213 companies in sector 26510 we hold annual accounts for 166. 15 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2019
Fiscal year end31-12
Activities, NACEBEL
26510Manufacture of computer, electronic and optical products
43211General electrical installation work
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.