MG WINDOW
ActiveSummary
The computed 12-month bankruptcy probability of MG WINDOW is 2.3% (moderate). The 2025 annual accounts show equity of €15k and a net result of €570. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency54▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.33 in 2024; short-term debt: 70.9% and cash: 1.6% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 4 filingsDeviation from the deadline
2025
26 d late
2024
39 d early
2023
23 d late
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 3.8%
2024 · €15k
Total assets
€53k▲ 30.0%
2024 · €41k
Net result
€570▼ 63.3%
2024 · €2k
Working capital
€10k▲ 11.4%
2024 · €9k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€879-€4k▲ 332%€2k▼ 36.8%€965▼ 59.8%
Net result€595-€3k▲ 364%€2k▼ 43.8%€570▼ 63.3%
Equity€11k-€13k▲ 26.0%€15k▲ 11.6%€15k▲ 3.8%
Total assets€29k-€36k▲ 23.7%€41k▲ 12.2%€53k▲ 30.0%
Debt€19k-€23k▲ 22.3%€26k▲ 12.5%€38k▲ 45.0%
Working capital€3k-€8k▲ 195%€9k▲ 14.0%€10k▲ 11.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€6k ▼ 6.4%
Current assets
€47k ▲ 36.7%
Equity and liabilities €53k
Equity
€15k ▲ 3.8%
Debt
€38k ▲ 45.0%
Debt's share of the balance-sheet total rises from 63.5% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €7k
Cash flow
€3k▼
2024 · €6k
Current ratio
1.25▼
2024 · 1.33
Debt to equity
2.43▲
2024 · 1.74
ROE
3.7%▼
2024 · 10.4%
ROA
1.1%▼
2024 · 3.8%
Interest coverage
11.62▼
2024 · 23.46
Debt ≤ 1 year
€38k▲
2024 · €26k
Income taxes
€167▼
2024 · €623
Staff costs
€31k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31k | €24k | €31k | €31k | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €2k | ▼ 49.1% |
| Other operating charges640/8 | €599 | €625 | €1k | €588 | ▼ 59.8% |
| Non-recurring operating charges66A | - | €2k | - | - | - |
| Gross operating margin9900 | €36k | €35k | €39k | €35k | ▼ 10.6% |
| Operating profit (loss)9901 | €879 | €4k | €2k | €965 | ▼ 59.8% |
| Financial income75/76B | €56 | €1 | €64 | €47 | ▼ 26.2% |
| Recurring financial income75 | €56 | €1 | €64 | €47 | ▼ 26.2% |
| Financial charges65/66B | €136 | €238 | €290 | €276 | ▼ 4.9% |
| Recurring financial charges65 | €136 | €238 | €290 | €276 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €799 | €4k | €2k | €737 | ▼ 66.1% |
| Income taxes67/77 | €204 | €799 | €623 | €167 | ▼ 73.1% |
| Profit (loss) for the period9904 | €595 | €3k | €2k | €570 | ▼ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €595 | €3k | €2k | €570 | ▼ 63.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29k | €36k | €41k | €53k | ▲ 30.0% |
| Fixed assets21/28 | €8k | €11k | €6k | €6k | ▼ 6.4% |
| Tangible fixed assets22/27 | €8k | €11k | €6k | €5k | ▼ 22.9% |
| Furniture and vehicles24 | €8k | €11k | €6k | €5k | ▼ 22.9% |
| Financial fixed assets28 | - | - | - | €1k | - |
| Current assets29/58 | €21k | €26k | €35k | €47k | ▲ 36.7% |
| Stocks and contracts in progress3 | - | €5k | - | - | - |
| Stocks30/36 | - | €5k | - | - | - |
| Amounts receivable within one year40/41 | €10k | €12k | €33k | €44k | ▲ 35.2% |
| Trade receivables40 | €7k | €12k | €33k | €44k | ▲ 35.2% |
| Other amounts receivable41 | €3k | - | - | - | - |
| Cash at bank and in hand54/58 | €10k | €7k | €50 | €872 | ▲ 1,658% |
| Deferred charges and accrued income490/1 | €2k | €1k | €2k | €2k | ▲ 17.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29k | €36k | €41k | €53k | ▲ 30.0% |
| Equity10/15 | €11k | €13k | €15k | €15k | ▲ 3.8% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €595 | €3k | €5k | €5k | ▲ 11.6% |
| Amounts payable17/49 | €19k | €23k | €26k | €38k | ▲ 45.0% |
| Amounts payable within one year42/48 | €19k | €18k | €26k | €38k | ▲ 45.0% |
| Trade debts44 | €11k | €1k | €3k | €4k | ▲ 56.1% |
| Suppliers440/4 | €11k | €1k | €3k | €4k | ▲ 56.1% |
| Taxes, remuneration and social security45 | €8k | €11k | €15k | €26k | ▲ 70.0% |
| Taxes450/3 | €204 | €1k | €831 | €2k | ▲ 85.6% |
| Remuneration and social security454/9 | €8k | €9k | €15k | €25k | ▲ 69.1% |
| Other amounts payable47/48 | - | €6k | €8k | €7k | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | €5k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €595 | €3k | €2k | €570 | ▼ 63.3% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €2k | ▼ 49.1% |
| Operating cash flow (approximation) | €5k | €7k | €6k | €3k | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €-2k | - |
| Change in cash | - | €-3k | €-7k | €822 | ▲ 111% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €570 ▼63.3%
Net result drops to €570, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2022net €3k ▲364%
Operating result €4k, net result €3k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Vilvoorde · 1 establishment unit since 2021
Ground area
155 m²
Building footprint
76 m²
Volume, LiDAR
613 m³
Parcel 23645C0030/00V002, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MG WINDOW
since 20212.322.992.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23645C0030/00V002 | Flanders | 155 m² | 1 · 76 m² | 11.7 m · 3 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.
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 5,610 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
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.