MG Technocom
Open bankruptcyA bankruptcy procedure is open for MG Technocom according to publications in the Belgian State Gazette; curator: CATHARINA ORLENT.
Summary
The file additionally contains 1 interim measure, 1 judicial reorganisation and 1 administrative flag. The 2024 annual accounts show negative equity (-€63,304) and a net result of €21,201.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Dendermonde division
- Declared bankrupt
- 20 November 2025
- Supervising judge
- Guy Aerssens
- Official Gazette
- 01-12-2025 (pdf) ↗search the document for 2025/149480
Deadlines
- Provisional date payments stopped
- 20 November 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 16 December 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 20 December 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 January 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 20 November 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Catharina OrlentPr.Jos.Charlottelaan 71, 9100 Sint-Niklaascatharina.orlent@mc2-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 397 sector peers (2024).
NBB · sector comparisonPosition among 397 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
52 d late
2022
58 d late
2021
191 d late
2020
213 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Wired, wireless and satellite telecommunications sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€360,368
EBIT margin
-12.8%
Net result
€21,201
2023 · -€46,204
Working capital
-€87,198▲ 27.5%
2023 · -€120,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€360,368
Operating result-€628▲ 71.8%€13,100-€50,774-€46,204▲ 9.0%€21,343
Net result-€628within the sector's middle half▲ 80.0%€13,100within the sector's middle half-€50,774below the sector's middle half-€46,204below the sector's middle half▲ 9.0%€21,201within the sector's middle half
EBIT margin-12.8%
Equity-€627below the sector's middle half€12,473within the sector's middle half-€38,300below the sector's middle half-€84,504below the sector's middle half▼ 121%-€63,304below the sector's middle half▲ 25.1%
Total assets€1below the sector's middle half▼ 9.0%€17,494below the sector's middle half▲ 1,922,351%€70,769within the sector's middle half▲ 305%€180,103within the sector's middle half▲ 154%€55,151within the sector's middle half▼ 69.4%
Debt€628€5,021▲ 700%€109,069▲ 2,072%€264,607▲ 143%€118,454▼ 55.2%
Working capital-€627below the sector's middle half€12,473within the sector's middle half-€86,078below the sector's middle half-€120,340below the sector's middle half▼ 39.8%-€87,198below the sector's middle half▲ 27.5%
Solvency71.3%above the sector's middle half-54.1%below the sector's middle half▼ 125.4pp-46.9%below the sector's middle half▲ 7.2pp-114.8%below the sector's middle half▼ 67.9pp
Current ratio3.48within the sector's middle half0.21below the sector's middle half▼ 3.270.55below the sector's middle half▲ 0.330.26below the sector's middle half▼ 0.28
Return on assets (ROA)74.9%above the sector's middle half-71.7%below the sector's middle half▼ 146.6pp-25.7%below the sector's middle half▲ 46.1pp38.4%above the sector's middle half▲ 64.1pp
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €21,343 after a loss of €46,204 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55,151
Fixed assets
€23,894 ▼ 33.3%
Current assets
€31,257 ▼ 78.3%
Key figures and ratios
EBITDA
€33,285▲
2023 · -€34,262
Cash flow
€33,143▲
2023 · -€34,262
Debt to equity
-1.87▲
2023 · -3.13
Interest coverage
233.53
Debt ≤ 1 year
€118,454▼
2023 · €264,607
Staff costs
€125,815▼
2023 · €144,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €360,368 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €250,304 | - | - |
| Remuneration, social security and pensions62 | - | - | €71,700 | €144,326 | €125,815 | ▼ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €11,942 | €11,942 | €11,942 | = |
| Other operating charges640/8 | - | €348 | - | - | €5 | - |
| Gross operating margin9900 | -€280 | €13,448 | €32,868 | €110,064 | €159,105 | ▲ 44.6% |
| Operating profit (loss)9901 | -€628 | €13,100 | -€50,774 | -€46,204 | €21,343 | ▲ 146% |
| Financial charges65/66B | - | - | - | - | €143 | - |
| Recurring financial charges65 | - | - | - | - | €143 | - |
| Profit (loss) for the period before taxes9903 | -€628 | €13,100 | -€50,774 | -€46,204 | €21,201 | ▲ 146% |
| Profit (loss) for the period9904 | -€628 | €13,100 | -€50,774 | -€46,204 | €21,201 | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | -€628 | €13,100 | -€50,774 | -€46,204 | €21,201 | ▲ 146% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1 | €17,494 | €70,769 | €180,103 | €55,151 | ▼ 69.4% |
| Fixed assets21/28 | - | - | €47,778 | €35,836 | €23,894 | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €47,778 | €35,836 | €23,894 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | - | €18,818 | €14,116 | €9,414 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | €28,960 | €21,720 | €14,480 | ▼ 33.3% |
| Current assets29/58 | €1 | €17,494 | €22,991 | €144,267 | €31,257 | ▼ 78.3% |
| Amounts receivable within one year40/41 | - | €17,368 | €22,340 | €144,266 | €31,245 | ▼ 78.3% |
| Trade receivables40 | - | €17,000 | €21,733 | €142,708 | €31,245 | ▼ 78.1% |
| Other amounts receivable41 | - | €368 | €607 | €1,557 | - | - |
| Current investments50/53 | - | €126 | - | - | - | - |
| Cash at bank and in hand54/58 | €1 | - | €651 | €2 | €12 | ▲ 655% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1 | €17,494 | €70,769 | €180,103 | €55,151 | ▼ 69.4% |
| Equity10/15 | -€627 | €12,473 | -€38,300 | -€84,504 | -€63,304 | ▲ 25.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€19,227 | -€6,127 | -€56,900 | -€103,104 | -€81,904 | ▲ 20.6% |
| Amounts payable17/49 | €628 | €5,021 | €109,069 | €264,607 | €118,454 | ▼ 55.2% |
| Amounts payable within one year42/48 | €628 | €5,021 | €109,069 | €264,607 | €118,454 | ▼ 55.2% |
| Trade debts44 | - | - | €582 | €12,467 | €9,381 | ▼ 24.8% |
| Suppliers440/4 | - | - | €582 | €12,467 | €9,381 | ▼ 24.8% |
| Taxes, remuneration and social security45 | - | - | €9,882 | - | €101,284 | - |
| Taxes450/3 | - | - | €1,665 | - | €36,783 | - |
| Remuneration and social security454/9 | - | - | €8,217 | - | €64,502 | - |
| Other amounts payable47/48 | - | €5,021 | €98,606 | €252,140 | €7,789 | ▼ 96.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€628 | €13,100 | -€50,774 | -€46,204 | €21,201 | ▲ 146% |
| + Depreciation and write-downs630 | - | - | €11,942 | €11,942 | €11,942 | = |
| Operating cash flow (approximation) | -€628 | €13,100 | -€38,832 | -€34,262 | €33,143 | ▲ 197% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | - | - | -€649 | €10 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-06
KBO administration
Address struck
Lt. Graffplein 15 1780 L’adresse du siège Place Lt. Graff 15 1780 Die Sitzadresse Lt. Graffplein 15 1780
Wemmel werd doorgehaald met ingang van Wemmel · event 24-05-2026
2025
01-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 20-11-2025
03-11
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
07-05
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · amicable agreement · event 22-04-2025
2024
31-12
Financial
Back to profitnet €21,201
Net result €21,201 after 2 loss-making years.
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 191 days late
2022
31-12
Financial
Weakest financial yearnet -€50,774
Net result drops to -€50,774, the lowest in the series.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 213 days late
2021
31-12
Financial
Back to profitnet €13,100
Net result €13,100 after 3 loss-making years.
Show earlier events
31-12
Financial
Liquidity times 2404current ratio 3.48
Current ratio from 0.00 to 3.48.
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 163 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Wemmel · 3 establishment units since 2011
Ground area
324 m²
Building footprint
292 m²
Volume, LiDAR
3,185 m³
3 parcels, Brussels, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
471
companies at this address
See who is registered here
3 establishment units
Steenweg op Waver 679, 1040 Etterbeek
since 20112.199.558.142
hoofdzetel
since 20222.345.447.627
Establishment
since 20222.329.226.752
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
| 21363B0380/00V000 | Brussels | 99 m² | 1 · 83 m² | 17.5 m · 5 fl. |
| 41002B0437/00S000 | Flanders | 78 m² | 1 · 65 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CATHARINA ORLENT PR.JOS.CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
20-11-2025 → present |
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Of 1,372 companies in sector 61100 we hold annual accounts for 590. 295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
68122Development of non-residential building projects
Contact
E-mail
adm.mgtechnocom@gmail.com
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.