MG TRA
ActiveSummary
The computed 12-month bankruptcy probability of MG TRA is 1.5% (moderate). The 2025 annual accounts show equity of €108k and a net result of €-9k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 4654 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-22
Solvency90▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.89 in 2024; short-term debt: 27.7% and cash: 17.8% of total assets), and 35.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
33 d early
2022
3 d early
2021
31 d early
2020
29 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▼ 11.7%
2024 · €122k
2019: €23klowest in 7 years
2020: €42k▲ +80.1% vs 2019
2021: €52k▲ +23.8% vs 2020
2022: €70k▲ +33.7% vs 2021
2023: €97k▲ +38.5% vs 2022
2024: €122k▲ +25.9% vs 2023highest in 7 years
2025: €108k▼ -11.7% vs 2024
2019 → 2025
Total assets
€166k▼ 21.6%
2024 · €212k
2019: €72klowest in 7 years
2020: €119k▲ +64.7% vs 2019
2021: €110k▼ -7.0% vs 2020
2022: €211k▲ +91.5% vs 2021
2023: €221k▲ +4.7% vs 2022highest in 7 years
2024: €212k▼ -3.9% vs 2023
2025: €166k▼ -21.6% vs 2024
2019 → 2025
Net result
€-9k
2024 · €25k
2019: €17k
2020: €19k▲ +8.8% vs 2019
2021: €4k▼ -80.9% vs 2020
2022: €18k▲ +393% vs 2021
2023: €27k▲ +52.9% vs 2022highest in 7 years
2024: €25k▼ -6.8% vs 2023
2025: €-9k▼ -137% vs 2024lowest in 7 years
2019 → 2025
Working capital
€47k▲ 6.0%
2024 · €44k
2019: €2k
2020: €1k▼ -46.9% vs 2019lowest in 7 years
2021: €7k▲ +619% vs 2020
2022: €5k▼ -36.5% vs 2021
2023: €34k▲ +626% vs 2022
2024: €44k▲ +32.5% vs 2023
2025: €47k▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€70k▲ 33.7%€97k▲ 38.5%€122k▲ 25.9%€108k▼ 11.7%
2021: €52klowest in 5 years
2022: €70k▲ +33.7% vs 2021
2023: €97k▲ +38.5% vs 2022
2024: €122k▲ +25.9% vs 2023highest in 5 years
2025: €108k▼ -11.7% vs 2024
Operating result€8k-€22k▲ 184%€36k▲ 63.9%€36k▼ 1.6%€-4k
2021: €8k
2022: €22k▲ +184% vs 2021
2023: €36k▲ +63.9% vs 2022highest in 5 years
2024: €36k▼ -1.6% vs 2023
2025: €-4k▼ -112% vs 2024lowest in 5 years
Net result€4k-€18k▲ 393%€27k▲ 52.9%€25k▼ 6.8%€-9k
2021: €4k
2022: €18k▲ +393% vs 2021
2023: €27k▲ +52.9% vs 2022highest in 5 years
2024: €25k▼ -6.8% vs 2023
2025: €-9k▼ -137% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€73k ▼ 37.8%
Current assets
€93k ▼ 1.6%
Equity and liabilities €166k
Equity
€108k ▼ 11.7%
Debt
€59k ▼ 35.1%
Debt's share of the balance-sheet total falls from 42.5% to 35.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €81k
Cash flow
€39k▼
2024 · €71k
Current ratio
2.02▲
2024 · 1.89
Debt to equity
0.54▼
2024 · 0.74
ROE
-8.6%▼
2024 · 20.6%
ROA
-5.6%▼
2024 · 11.8%
Interest coverage
9.69▼
2024 · 44.55
Debt ≤ 1 year
€46k▼
2024 · €50k
Debt > 1 year
€12k▼
2024 · €40k
Income taxes
€287▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€212k€166k▼
Fixed assets21/28€118k€73k▼
Tangible fixed assets22/27€118k€73k▼
Land and buildings22€3k€6k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€110k€64k▼
Financial fixed assets28€135€135=
Current assets29/58€95k€93k▼
Amounts receivable within one year40/41€43k€39k▼
Trade receivables40€42k€30k▼
Other amounts receivable41€685€8k▲
Cash at bank and in hand54/58€23k€30k▲
Deferred charges and accrued income490/1€29k€25k▼
Equity and liabilities
Total equity and liabilities10/49€212k€166k▼
Equity10/15€122k€108k▼
Contributions10/11€13k€13k=
Reserves13€109k€104k▼
Distributable reserves133€109k€104k▼
Profit (loss) carried forward14-€-9k
Amounts payable17/49€90k€59k▼
Amounts payable after more than one year17€40k€12k▼
Financial debts170/4€40k€12k▼
Amounts payable within one year42/48€50k€46k▼
Current portion of amounts payable after more than one year42€32k€31k▼
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€451€785▲
Income statement
Code20242025
Non-recurring operating income76A€15k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€49k▲
Other operating charges640/8€841€2k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€86k€46k▼
Operating profit (loss)9901€36k€-4k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€34k€-9k▼
Income taxes67/77€9k€287▼
Profit (loss) for the period9904€25k€-9k▼
Profit (loss) for the period to be appropriated9905€25k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-9k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€25k-
To other reserves6921€25k-
Profit to be distributed694/7-€5k
Return on contributions (dividend)694-€5k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €15k | - | €15k | - | - |
| Remuneration, social security and pensions62 | - | €35k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €28k | €44k | €45k | €49k | ▲ 6.8% |
| Other operating charges640/8 | - | €164 | €568 | €841 | €2k | ▲ 93.9% |
| Non-recurring operating charges66A | - | - | - | €4k | - | - |
| Gross operating margin9900 | €88k | €86k | €81k | €86k | €46k | ▼ 46.6% |
| Operating profit (loss)9901 | €8k | €22k | €36k | €36k | €-4k | ▼ 112% |
| Financial income75/76B | - | - | €0 | €0 | €1 | ▲ 380% |
| Recurring financial income75 | €1 | - | €0 | €0 | €1 | ▲ 380% |
| Financial charges65/66B | - | €2k | €2k | €2k | €5k | ▲ 150% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €5k | ▲ 150% |
| Profit (loss) for the period before taxes9903 | €6k | €20k | €34k | €34k | €-9k | ▼ 127% |
| Income taxes67/77 | €3k | €2k | €7k | €9k | €287 | ▼ 96.7% |
| Profit (loss) for the period9904 | €4k | €18k | €27k | €25k | €-9k | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €4k | €18k | €27k | €25k | €-9k | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €211k | €221k | €212k | €166k | ▼ 21.6% |
| Fixed assets21/28 | €48k | €161k | €131k | €118k | €73k | ▼ 37.8% |
| Tangible fixed assets22/27 | €47k | €161k | €131k | €118k | €73k | ▼ 37.8% |
| Land and buildings22 | - | €4k | €4k | €3k | €6k | ▲ 104% |
| Plant, machinery and equipment23 | - | €6k | €6k | €5k | €3k | ▼ 33.3% |
| Furniture and vehicles24 | - | €151k | €121k | €110k | €64k | ▼ 41.7% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €63k | €50k | €90k | €95k | €93k | ▼ 1.6% |
| Amounts receivable within one year40/41 | €46k | €49k | €44k | €43k | €39k | ▼ 10.2% |
| Trade receivables40 | - | €21k | €42k | €42k | €30k | ▼ 28.6% |
| Other amounts receivable41 | - | €28k | €1k | €685 | €8k | ▲ 1,125% |
| Cash at bank and in hand54/58 | €16k | €459 | €45k | €23k | €30k | ▲ 29.5% |
| Deferred charges and accrued income490/1 | - | €637 | €2k | €29k | €25k | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €211k | €221k | €212k | €166k | ▼ 21.6% |
| Equity10/15 | €52k | €70k | €97k | €122k | €108k | ▼ 11.7% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €40k | €57k | €84k | €109k | €104k | ▼ 4.6% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €55k | €84k | €109k | €104k | ▼ 4.6% |
| Profit (loss) carried forward14 | - | - | - | - | €-9k | - |
| Amounts payable17/49 | €58k | €141k | €124k | €90k | €59k | ▼ 35.1% |
| Amounts payable after more than one year17 | €2k | €94k | €67k | €40k | €12k | ▼ 70.4% |
| Financial debts170/4 | - | €94k | €67k | €40k | €12k | ▼ 70.4% |
| Amounts payable within one year42/48 | €55k | €45k | €57k | €50k | €46k | ▼ 8.3% |
| Current portion of amounts payable after more than one year42 | - | €35k | €32k | €32k | €31k | ▼ 4.0% |
| Trade debts44 | €17k | €8k | €14k | €6k | €7k | ▲ 17.8% |
| Suppliers440/4 | - | €8k | €14k | €6k | €7k | ▲ 17.8% |
| Taxes, remuneration and social security45 | - | €3k | €11k | €12k | €8k | ▼ 32.8% |
| Taxes450/3 | - | - | €8k | €10k | €8k | ▼ 15.3% |
| Remuneration and social security454/9 | - | €3k | €3k | €3k | - | - |
| Other amounts payable47/48 | - | €78 | €144 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €1k | €448 | €451 | €785 | ▲ 74.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €18k | €27k | €25k | €-9k | ▼ 137% |
| + Depreciation and write-downs630 | €33k | €28k | €44k | €45k | €49k | ▲ 6.8% |
| Operating cash flow (approximation) | €37k | €46k | €71k | €71k | €39k | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | €-142k | €-14k | €-32k | €-4k | ▲ 87.4% |
| Change in cash | - | €-15k | €44k | €-22k | €7k | ▲ 131% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €100kEq €122k ▲25.9%
6 profitable years in a row build equity to €122k.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2019net €27k ▲52.9%
Operating result €36k, net result €27k, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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, Olen · 1 establishment unit since 2017
Ground area
1,707 m²
Building footprint
274 m²
Volume, LiDAR
1,497 m³
Parcel 13029F0045/00H002, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MG TRA
since 20172.270.153.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029F0045/00H002 | Flanders | 1,707 m² | 1 · 274 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,263 EUR awarded · 3,263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 143 EUR | 143 EUR |
| 2022 | 2 | 3,120 EUR | 3,120 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOlen2.270.153.356
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,366 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
Founded24-10-2017
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
43350Other building finishing work
47812Retail trade
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.