MG WELDING
The computed 12-month bankruptcy probability of MG WELDING is 1.1% (low). The 2024 annual accounts show equity of €97k and a net result of €65k. Its solvency ranks better than 67% of 213 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €97k |
| Net result | €65k |
| Staff (FTE) | 2.2 |
| Better than sector | 67% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.2% | 30.7% | |
| Net result | €65k | €5k | |
| Equity | €97k | €21k | |
| Gross operating margin | €227k | €32k | |
| Staff costs | €100k | €34k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €122k |
| Net profit | €65k |
| Cash flow | €102k |
| Staff costs | €100k |
| Income taxes | €17k |
| Dividends | - |
| Total assets | €192k |
| Equity | €97k |
| Debt | €96k |
| of which ≤ 1y | €67k |
| of which > 1y | €29k |
| Working capital | €45k |
| Employees (FTE) | 2.2 |
| 2024 | |
|---|---|
| Current ratio | 1.66 |
| Quick ratio | 1.66 |
| Working capital ratio | 23.2% |
| Solvency | 50.2% |
| Debt / equity | 0.99 |
| Long-term debt ratio | 0.30 |
| Interest coverage | 38.90 |
| Gross margin | - |
| Net margin | - |
| ROA | 33.7% |
| ROE | 67.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €192k |
| Fixed assets | 21/28 | €80k |
| Intangible fixed assets | 21 | €10k |
| Tangible fixed assets | 22/27 | €67k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €112k |
| Amounts receivable within one year | 40/41 | €54k |
| Cash & bank | 54/58 | €52k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €192k |
| Equity | 10/15 | €97k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €90k |
| Accumulated profits (losses) | 14 | €2k |
| Amounts payable | 17/49 | €96k |
| Amounts payable after one year | 17 | €29k |
| Amounts payable within one year | 42/48 | €67k |
| Trade debts payable within one year | 44 | €26k |
| Income statement | ||
| Gross operating margin | 9900 | €227k |
| Operating result | 9901 | €85k |
| Financial income | 75 | €43 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €82k |
| Income taxes | 67/77 | €17k |
| Net result for the period | 9904 | €65k |
| Result to be appropriated | 9905 | €65k |
| NACE primary | Overige industrie, neg(32990) |
| Legal form | Private limited company(610) |
| Incorporation | 12-07-2022 |
| Status | Active |
| Postal code | 1360 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084D0442/00_000 | Wallonia | 462 m² | 1 · 79 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-11-2023 Registered office moved from Soumagne to Perwez
- Rue Joséphine Fafchamps, 4/2 -4633 Soumagne → Rue Salmon 33A à 1360 Perwez
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue Salmon 33A \u00E0 1360 Perwez",
"city": "Perwez",
"region": "waals_gewest",
"street": "Salmon",
"country": "BE",
"postcode": "1360",
"box_number": null,
"street_number": "33A",
"locality_suffix": null
},
"old_address": {
"raw": "Rue Jos\u00E9phine Fafchamps, 4/2 -4633 Soumagne",
"city": "Soumagne",
"region": "waals_gewest",
"street": "Jos\u00E9phine Fafchamps",
"country": "BE",
"postcode": "4633",
"box_number": null,
"street_number": "4/2",
"locality_suffix": null
},
"effective_date": "2023-11-01",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire d\u00E9cide \u00E0 l\u0027unanimit\u00E9 de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 vers la Rue Salmon 33A \u00E0 1360 Perwez \u00E0 partir du 1er novembre 2023.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-11-29",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"date": "2023-10-31",
"unanimous": true
},
"subject_company": {
"kbo": "0788.505.674",
"name_full": "MG WELDING",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "PINET Boris",
"org_rep_person_name": null,
"person_role_at_subject": "Mandataire"
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | MG WELDING |