Active BE 0770.470.307Public limited company

MGAaS

Chaussée de Louvain 435 ·1380 Lasne, Belgium· 5 yrs active

Sector: Overige diensten op het gebied van informatietechnologie en computer (62900)

Conclusion Checked

The computed 12-month bankruptcy probability of MGAaS is 0.5% (low). The 2024 annual accounts show equity of €153k and a net result of €-244k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 12% of 7336 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€153k
Net result	€-244k
Better than sector	12%
Active	5 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 33

Profitability 0

Solvency 11

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

33 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±2.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.3%	65.0%	better than 12% of 7336 sector peers
Net result	€-244k	€32k	better than 5% of 7333 sector peers
Equity	€153k	€58k	better than 85% of 7338 sector peers
Gross operating margin	€28k	€52k	better than 29% of 7327 sector peers
Total assets	€1.49M	€103k	better than 95% of 7339 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€28k

- 21-24

Net profit

€-244k

+58.0% 21-24

Cash flow

€28k

- 21-24

Total assets

€1.49M

+22.2% 21-24

Equity

€153k

-61.5% 21-24

Working capital

€-42k

+84.6% 21-24

Debt

€1.34M

+62.4% 21-24

Debt ≤ 1y

€128k

-67.1% 21-24

Debt > 1y

€1.13M

+160.8% 21-24

Current ratio

0.67

+125.6% 21-24

Quick ratio

0.67

+125.6% 21-24

Solvency

10.3%

-68.4% 21-24

Debt / equity

8.75

+321.3% 21-24

ROE

-159.5%

-9.1% 21-24

ROA

-16.3%

+65.6% 21-24

Interest coverage

269.50

- 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€28k
Net profit	€-244k
Cash flow	€28k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€1.49M
Equity	€153k
Debt	€1.34M
of which ≤ 1y	€128k
of which > 1y	€1.13M
Working capital	€-42k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.67
Quick ratio	0.67
Working capital ratio	-2.8%
Solvency	10.3%
Debt / equity	8.75
Long-term debt ratio	7.40
Interest coverage	269.50
Gross margin	-
Net margin	-
ROA	-16.3%
ROE	-159.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.41M · 94.2% Current assets €86k · 5.8%

Equity & liabilities

Equity €153k · 10.3% Debt €1.34M · 89.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.49M
Fixed assets	21/28	€1.41M
Intangible fixed assets	21	€1.41M
Current assets	29/58	€86k
Amounts receivable within one year	40/41	€69k
Cash & bank	54/58	€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.49M
Equity	10/15	€153k
Contributions / capital	10/11	€1.05M
Accumulated profits (losses)	14	€-897k
Amounts payable	17/49	€1.34M
Amounts payable after one year	17	€1.13M
Amounts payable within one year	42/48	€128k
Trade debts payable within one year	44	€128k
Income statement
Gross operating margin	9900	€28k
Operating result	9901	€-244k
Financial charges	65	€103
Result before taxes	9903	€-244k
Net result for the period	9904	€-244k
Result to be appropriated	9905	€-244k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Overige diensten op het gebied van informatietechnologie en computer(62900)
Legal form	Public limited company(014)
Incorporation	29-06-2021
Status	Active
Postal code	1380

Establishment units 1 location

MGAaS

Chaussée de Louvain 435, 1380 LasneOverige diensten op het gebied van informatietechnologie en computer

since 20212.319.278.809

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25076F0005/00L002	Wallonia	8,821 m²	1 · 1,080 m²	7.7 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

02-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

13-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

29-09-2023

State Gazette act Capital & shares

Georges SPRINGER

10-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

08-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

03-01-2022

State Gazette act Capital & shares

Georges SPRINGER

Belgisch Staatsblad, acts 2 acts

Capital history · 2

29-09-2023

Capital change

03-01-2022

Capital change

All acts · 2 updated 2 years ago

2023

29-09-2023 Capital increase of €860,000 to €1,050,000 Capital & shares·Georges SPRINGER

€190.000 → €1.050.000
Inbreng in natura · Apport en nature

Notary: Georges SPRINGER · Tienen

Original publication ↗

Technical details

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2022

03-01-2022 Capital increase of €100,000 to €190,000 Capital & shares·Georges SPRINGER

€90.000 → €190.000
Inbreng in geld · Apport en numéraire

Notary: Georges SPRINGER · Tienen

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300

Primary activity highlighted.

Names & trade names

Legal nameFR	MGAaS
AbbreviationFR	MGA as a Service
Trade nameFR	The Insurance Hub

Registered office

Chaussée de Louvain 435

1380 Lasne, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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