MGA CONCEPT
ActiveThe computed 12-month bankruptcy probability of MGA CONCEPT is 4.7% (elevated). The 2024 annual accounts show equity of €122k and a net result of €59k. Its solvency ranks better than 23% of 36376 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-18
Solvency47▼-22
Growth52
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 1.74 in 2023; short-term debt: 78.4% and cash: 4.4% of total assets), and 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 91.5%
2023 · €64k
2023: €64k
2023 → 2024
Total assets
€566k▲ 291%
2023 · €145k
2023: €145k
2023 → 2024
Net result
€59k▼ 8.5%
2023 · €64k
2023: €64k
2023 → 2024
Working capital
€101k▲ 68.7%
2023 · €60k
2023: €60k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€64k-€122k▲ 91.5%
Operating result€80k-€74k▼ 8.3%
Net result€64k-€59k▼ 8.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €566k
Fixed assets
€22k▲ 412%
Current assets
€545k▲ 288%
Equity and liabilities €566k
Equity
€122k▲ 91.5%
Debt
€444k▲ 450%
The debt ratio rises from 55.8% to 78.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78k▼
2023 · €80k
Cash flow
€63k▼
2023 · €64k
Solvency
21.6%▼
2023 · 44.2%
Current ratio
1.23▼
2023 · 1.74
Quick ratio
1.23▼
2023 · 1.74
Debt / equity
3.62▲
2023 · 1.26
ROE
47.8%▼
2023 · 100.0%
ROA
10.3%▼
2023 · 44.2%
Interest coverage
229.55▼
2023 · 1369.99
Debt
€444k▲
2023 · €81k
Debt ≤ 1 year
€444k▲
2023 · €81k
Income taxes
€15k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€145k€566k▲
Fixed assets21/28€4k€22k▲
Tangible fixed assets22/27€4k€22k▲
Plant, machinery and equipment23€1k€1k▲
Furniture and vehicles24€3k€20k▲
Current assets29/58€140k€545k▲
Amounts receivable within one year40/41€135k€520k▲
Trade receivables40€43k€425k▲
Other amounts receivable41€92k€95k▲
Cash at bank and in hand54/58€4k€25k▲
Deferred charges and accrued income490/1€895-
Equity and liabilities
Total equity and liabilities10/49€145k€566k▲
Equity10/15€64k€122k▲
Profit (loss) carried forward14€64k€122k▲
Amounts payable17/49€81k€444k▲
Amounts payable within one year42/48€81k€444k▲
Trade debts44€65k€411k▲
Suppliers440/4€65k€411k▲
Taxes, remuneration and social security45€16k€33k▲
Taxes450/3€16k€33k▲
Remuneration and social security454/9-€15
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299€5k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€83k€80k▼
Operating profit (loss)9901€80k€74k▼
Financial income75/76B€2€13▲
Recurring financial income75€2€13▲
Financial charges65/66B€59€341▲
Recurring financial charges65€59€341▲
Profit (loss) for the period before taxes9903€80k€73k▼
Income taxes67/77€16k€15k▼
Profit (loss) for the period9904€64k€59k▼
Profit (loss) for the period to be appropriated9905€64k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€122k▲
Profit (loss) brought forward from the previous period14P-€64k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100kEq €122k ▲91.5%
2 profitable years in a row build equity to €122k.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jette · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Beesenlaan 341090 JetteGround area
528 m²
Building footprint
484 m²
Volume, LiDAR
5,058 m³
2 parcels, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MGA CONCEPT
since 20222.334.237.791
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0029/00F004 | Brussels | 305 m² | 1 · 281 m² | 16.1 m · 4 fl. |
| 21815D0105/00G003 | Brussels | 223 m² | 1 · 203 m² | 13.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JANDRIX
BE 0680.795.191
Sint-Truiden · Eq €122k
Etablissements DALLA COSTA S.R.L.
BE 0417.474.934
Ouffet · Eq €123k
Grondwerken Jo Claes
BE 0725.869.608
Balen · Eq €122k
MATTHIAS PIETERS
BE 0741.631.811
Pajottegem · Eq €122k
DCR
BE 0799.617.322
Evergem · Eq €122k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2022
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.