Debts
€82,350 75% of the balance sheet
Financial debts 47%Suppliers 9%Taxes and wages 16%Other 28%
Of this, €43,567 falls due within a year.
MG-TRANS
Lifetime
2 annual accounts with figures on one time axispeak €56,476 (2025)
€56,476▲ 2.8%
peak €30,184 (2024)
€19,828▼ 34.3%
peak €27,828 (2025)
€27,828▲ 248%
€82,350▲ 13.0%
Board1 name since 2022
1 director
Documentsfilings and deeds
18-02-202618 days late
2025micro format
Result from €30,184 to €19,828Equity from €8,000 to €27,828Investments €44,962Cash from €15,623 to €3,763
Key points
from the 2025 annual accountsInvestments
€89,262 6.0 × depreciation
Green is investment, beige is depreciation.
At the same address
38 companies
2025 accounts filed 18 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,983 companies had the same profile as MG-TRANS has now. Each dot stands for 20 companies, two years later.
94.2%
were still trading
1.9%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,983 companies, not a prediction for MG-TRANS. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0793403877
Registered office moved from Destelbergen to Ghent
New registered office: EEDVERBONDKAAI 242, 9000 GENT · Previous registered office: DENDERMONDESTEENWEG 563A, 9070 DESTELBERGEN · General meeting of 01-07-2023 · Gazette deed
Registered office moved from Aalst to Destelbergen
New registered office: DENDERMONDESTEENWEG 563 A, 9070 DESTELBERGEN · Previous registered office: BEEKVELDSTRAAT 54, 9300 AALST · General meeting of 01-03-2023 · Gazette deed
Incorporation
Founding capital of €8,000, 100 shares · Founder: · Appointment: (director) · published on 10-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MG-TRANS Ghent | €110,177 | €56,476 | 25.3% | - |
| FVC Training & Transport Deinze | €115,685 | €56,294 | 69.5% | - |
| ALIANDRO Stekene | €129,967 | €61,786 | 27.3% | - |
| KESY Sint-Niklaas | €136,051 | €56,254 | -7.2% | - |
| RV trans Oudenaarde | €125,719 | €48,322 | 15.9% | - |
| NOHCHO Geraardsbergen | €90,782 | €54,311 | 35.8% | - |
| MARTINO TRANSPORT Maldegem | €87,234 | €53,018 | 13.0% | - |
These companies have the same main activity as MG-TRANS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €87,200 and €136,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 08-11-2022Normal situation
- Registered office
- 39 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.337.683.3709000 Ghent, since 08-11-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 07-12-2025
Annual accounts to 30-06-2025
- ≈ €190,000estimated
- €110,177▲ 36.2%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 18-02-2026
Insights on MG-TRANS
The 2025 annual accounts show equity of €27,828 and a net result of €19,828. Its solvency ranks better than 37% of 6,602 sector peers (NACE 49, financial year 2025).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
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-TRANS
- What is the company number of MG-TRANS?
- The company number of MG-TRANS is 0793.403.877. The VAT number is the same number with BE in front: BE 0793.403.877.
- Where is MG-TRANS based?
- The registered office is at Eedverbondkaai 242, 9000 Ghent.Company details
- What does MG-TRANS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of MG-TRANS?
- MG-TRANS is a private limited company (BV).
- When was MG-TRANS founded?
- MG-TRANS was founded on 08-11-2022.
- Is MG-TRANS still active?
- Yes, MG-TRANS is an active enterprise in the KBO register.
- What is the turnover of MG-TRANS?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €56,476 and 46 comparable companies (NACE 49410). It probably lies between €150,000 and €240,000.Financials
- Is MG-TRANS profitable?
- In financial year 2025, MG-TRANS made a profit of €19,828.
- Where can I find the annual accounts of MG-TRANS?
- MG-TRANS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG-TRANS due?
- MG-TRANS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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