MGAB is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.49M and a net result of €-41k. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 9864 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
82 d late
2022
84 d late
2021
79 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.49M▼ 1.6%
2023 · €2.54M
2018: €460k
2019: €596k
2020: €726k
2021: €1.16M
2022: €2.44M
2023: €2.54M
2018 → 2024
Net result
€-41k
2023 · €100k
2018: €51k
2019: €136k
2020: €130k
2021: €433k
2022: €1.28M
2023: €100k
2018 → 2024
Total assets
€3.01M▼ 6.9%
2023 · €3.23M
2018: €2.34M
2019: €1.96M
2020: €1.95M
2021: €2.19M
2022: €3.26M
2023: €3.23M
2018 → 2024
Solvency
83.0%▲ 4.5pp
2023 · 78.5%
2018: 19.7%
2019: 30.5%
2020: 37.2%
2021: 52.9%
2022: 74.8%
2023: 78.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€726k-€1.16M▲ 59.6%€2.44M▲ 110%€2.54M▲ 4.1%€2.49M▼ 1.6%
Operating result€190k-€245k▲ 28.9%€1.51M▲ 516%€25k▼ 98.3%€18k▼ 26.3%
Net result€130k-€433k▲ 232%€1.28M▲ 195%€100k▼ 92.2%€-41k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.01M
Fixed assets
€1.22M▼ 2.8%
Current assets
€1.79M▼ 9.5%
Equity and liabilities €3.01M
Equity
€2.49M▼ 1.6%
Debt
€511k▼ 26.2%
The debt ratio falls from 21.5% to 17.0%. Equity and debt are lower.
Key figures and ratios
Solvency
83.0%▲
2023 · 78.5%
ROE
-1.6%▼
2023 · 3.9%
ROA
-1.4%▼
2023 · 3.1%
Debt
€511k▼
2023 · €693k
Debt ≤ 1 year
€286k▼
2023 · €391k
Debt > 1 year
€224k▼
2023 · €301k
Income taxes
€40k▲
2023 · €10k
Staff costs
€44k▼
2023 · €44k
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€3.23M€3.01M▼
Fixed assets21/28€1.25M€1.22M▼
Tangible fixed assets22/27€1.25M€1.20M▼
Land and buildings22€1.09M€1.05M▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€147k€144k▼
Other tangible fixed assets26€683€341▼
Financial fixed assets28-€13k
Current assets29/58€1.98M€1.79M▼
Stocks and contracts in progress3€855k€386k▼
Stocks30/36€835k€386k▼
Contracts in progress37€21k-
Amounts receivable within one year40/41€452k€446k▼
Trade receivables40€86k€86k▲
Other amounts receivable41€366k€360k▼
Cash at bank and in hand54/58€668k€956k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.01M▼
Equity10/15€2.54M€2.49M▼
Contributions10/11€49k€49k=
Reserves13€2.49M€2.49M=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€55k€55k=
Distributable reserves133€2.43M€2.43M=
Profit (loss) carried forward14-€-41k
Amounts payable17/49€693k€511k▼
Amounts payable after more than one year17€301k€224k▼
Financial debts170/4€301k€224k▼
Amounts payable within one year42/48€391k€286k▼
Current portion of amounts payable after more than one year42€74k€77k▲
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€40k€12k▼
Suppliers440/4€40k€12k▼
Taxes, remuneration and social security45€181k€114k▼
Taxes450/3€174k€107k▼
Remuneration and social security454/9€7k€7k▼
Other amounts payable47/48€86k€84k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Remuneration, social security and pensions62€44k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€94k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€30k
Gross operating margin9900€150k€188k▲
Operating profit (loss)9901€25k€18k▼
Financial income75/76B€101k€4▼
Recurring financial income75€645€4▼
Non-recurring financial income76B€100k-
Financial charges65/66B€16k€19k▲
Recurring financial charges65€16k€19k▲
Profit (loss) for the period before taxes9903€110k€-242▼
Income taxes67/77€10k€40k▲
Profit (loss) for the period9904€100k€-41k▼
Profit (loss) for the period to be appropriated9905€100k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€100k€-41k▼
Transfer to equity691/2€100k-
To other reserves6921€100k-
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Weakest financial yearnet €-41k ▼141%
Net result drops to €-41k, the lowest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 82 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 84 days late
2022
31-12
Financial
Highest result since 2018net €1.28M ▲195%
Operating result €1.51M, net result €1.28M, both a record.
31-12
Financial
Liquidity times 6current ratio 4.58
Current ratio from 0.79 to 4.58; short-term debt falls from €768k to €490k.
31-12
Financial
Equity above €2MEq €2.44M ▲110%
5 profitable years in a row build equity to €2.44M.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Equity above €1MEq €1.16M ▲59.6%
4 profitable years in a row build equity to €1.16M.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Equity above €500kEq €596k ▲29.5%
2 profitable years in a row build equity to €596k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
11-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tremelo · 1 establishment unit since 2011
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.
Stijn Streuvelslaan 213128 TremeloGround area
1,025 m²
Building footprint
251 m²
Volume, LiDAR
1,453 m³
Parcel 24006B0293/00B000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MGAB
since 20112.202.368.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006B0293/00B000 | Flanders | 1,024 m² | 1 · 251 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyMGABBE 0832.174.579
controls
Where this company holds controlthis company sits on their board1
1 location
Similar companies · same sector, comparable size
FRESNO
BE 0831.874.968
Mechelen · Eq €2.49M
SCU
BE 0661.565.734
Pelt · Eq €2.49M
JJ&Co
BE 0662.473.574
Retie · Eq €2.50M
JETMETALS
BE 0828.849.360
Rijkevorsel · Eq €2.49M
DB INVEST
BE 1016.626.217
Hasselt · Eq €2.50M
Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 10,254 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.