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MGA

Active
Private limited companyfounded 20196 yrs activeKBO/BCE: BE 0735.976.117
Summary

The computed 12-month bankruptcy probability of MGA is 7.0% (elevated). The 2024 annual accounts show equity of €19,437 and a net result of €10,217. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 26069 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MGAActiveChecked score 39/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47112
2 sites
Size
€26,626total assets 2024
Equity
€19,437
Profit
€10,217
Turnover not published (abridged schema)
Financial health
39 Weak Checked score 2024
Bankruptcy chance 12 m
7.0%
Structure
Board
1 member
Accounts 65 d overdue1 of 9 deeds read
Why 39- Figures for FY 2024 (filed 01-10-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 56 days late; 3 of the last 3 late- Size: total assets €26,626Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 85% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 98+10
equity 73.0% of total assets
Liquidity 63+12
short-term debt 27.0% · cash 19.0%
Profitability 100=
return on assets 38.4%
Bankruptcy probability, 12 months
7.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 13.3%highest value 12-2024: 7.8%▼ -41.8% vs 11-2024 01-2025: 7.7%▼ -0.3% vs 12-2024 02-2025: 7.6%▼ -2.3% vs 01-2025 03-2025: 7.5%▼ -0.9% vs 02-2025 04-2025: 7.5%▲ +0.1% vs 03-2025 05-2025: 7.5%▼ -0.1% vs 04-2025 06-2025: 3.6%▼ -51.5% vs 05-2025 07-2025: 3.8%▲ +4.4% vs 06-2025 08-2025: 4.7%▲ +22.9% vs 07-2025 09-2025: 5.2%▲ +11.4% vs 08-2025 10-2025: 8.4%▲ +61.2% vs 09-2025 11-2025: 2.6%▼ -69.5% vs 10-2025 12-2025: 2.6%● 0.0% vs 11-2025 01-2026: 2.2%▼ -15.8% vs 12-2025 02-2026: 2.1%▼ -1.4% vs 01-2026lowest value 03-2026: 2.2%▲ +1.8% vs 02-2026 04-2026: 2.3%▲ +4.4% vs 03-2026 05-2026: 2.4%▲ +7.0% vs 04-2026 06-2026: 2.4%▼ -1.9% vs 05-2026 07-2026: 2.5%▲ +4.3% vs 06-2026 08-2026: 3.5%▲ +39.8% vs 07-2026 09-2026: 3.9%▲ +12.7% vs 08-2026 10-2026: 7.0%▲ +78.8% vs 09-2026
  • Figures for FY 2024 (filed 01-10-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 56 days late; 3 of the last 3 late raises the probability
  • Size: total assets €26,626 raises the probability for this profile
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 3.7 against 2.72 in 2023; short-term debt: 27% and cash: 19% of total assets), and 27% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 83%, liquidity 70%, profitability 96%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 01-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 56 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Size: total assets €26,626
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year €19,437
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
56 d late
2023
103 d late
2022
31 d late
2021
75 d late
2020
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 48 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: ATANASOVA Aysel (director)Admission: SINGH Inderjit (partner) ·…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2020net €10,217 ▲114%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Caution: Board changedlatest change 16-04-2026 · 1 in office 1 joined · 1 left View
  • Positive: Among the best 18% on solvencysector median 32.3% · 26,069 companies 73.0% View

By topic

Financials

Fiscal year
2024
Total assets
€26,626
Profit
€10,217
Solvency
73.0%
Turnover▼ 18.3%
Net result
20202021
Go to Financials

Timeline

Events
10
Since
2021
  1. 16-04-2026Resignation: ATANASOVA Aysel (director)
  2. 25-09-2025Annual accounts filed
  3. 31-12-2024Highest result since 2020
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Non-specialised retail sale with food, beverages or tobacco…NACE 47110
Founded
11-10-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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