MGASYSTEMS
ActiveSummary
MGASYSTEMS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,359 and a net result of €10,923. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+41
Solvency68▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.28 in 2024; short-term debt: 35.4% and cash: 23% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 d early
2024
42 d early
2023
70 d early
2022
19 d early
2021
69 d early
2020
69 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€39,359▲ 2.4%
2024 · €38,436
Total assets
€92,569▼ 23.4%
2024 · €120,848
Net result
€10,923
2024 · -€4,484
Working capital
€19,229▲ 31.0%
2024 · €14,683
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,281▲ 26.2%€6,512▼ 62.3%€13,236▲ 103%-€343€20,603
Net result€10,021within the sector's middle half▼ 19.4%€1,996below the sector's middle half▼ 80.1%€7,113within the sector's middle half▲ 256%-€4,484below the sector's middle half€10,923within the sector's middle half
Equity€34,644within the sector's middle half▲ 40.7%€36,640within the sector's middle half▲ 5.8%€43,752within the sector's middle half▲ 19.4%€38,436within the sector's middle half▼ 12.2%€39,359within the sector's middle half▲ 2.4%
Total assets€44,619below the sector's middle half▲ 22.3%€72,714within the sector's middle half▲ 63.0%€73,222within the sector's middle half▲ 0.7%€120,848within the sector's middle half▲ 65.0%€92,569within the sector's middle half▼ 23.4%
Debt€9,975▼ 15.9%€36,075▲ 262%€29,470▼ 18.3%€82,413▲ 180%€53,211▼ 35.4%
Working capital€33,069within the sector's middle half▲ 37.8%€16,797within the sector's middle half▼ 49.2%€38,286within the sector's middle half▲ 128%€14,683within the sector's middle half▼ 61.7%€19,229within the sector's middle half▲ 31.0%
Solvency77.6%within the sector's middle half▲ 10.1pp50.4%within the sector's middle half▼ 27.3pp59.8%within the sector's middle half▲ 9.4pp31.8%below the sector's middle half▼ 27.9pp42.5%within the sector's middle half▲ 10.7pp
Current ratio4.32within the sector's middle half▲ 1.291.47within the sector's middle half▼ 2.852.30within the sector's middle half▲ 0.831.28below the sector's middle half▼ 1.021.59within the sector's middle half▲ 0.31
Return on assets (ROA)22.5%within the sector's middle half▼ 11.6pp2.7%below the sector's middle half▼ 19.7pp9.7%within the sector's middle half▲ 7.0pp-3.7%below the sector's middle half▼ 13.4pp11.8%within the sector's middle half▲ 15.5pp
Staff (FTE)0.80.7▼ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,603 after a loss of €343 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,569
Fixed assets
€40,561 ▼ 23.3%
Current assets
€52,009 ▼ 23.5%
Equity and liabilities €92,569
Equity
€39,359 ▲ 2.4%
Debt
€53,211 ▼ 35.4%
Debt's share of the balance-sheet total falls from 68.2% to 57.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34,991▲
2024 · €12,953
Cash flow
€25,311▲
2024 · €8,813
Debt to equity
1.35▼
2024 · 2.14
ROE
27.8%▲
2024 · -11.7%
Interest coverage
7.35▲
2024 · 3.30
Debt ≤ 1 year
€32,780▼
2024 · €53,274
Debt > 1 year
€20,431▼
2024 · €29,139
Income taxes
€4,929▲
2024 · €221
Staff costs
€28,801▲
2024 · €18,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,760 | €1,800 | €18,246 | €28,801 | ▲ 57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €928 | €4,513 | €1,931 | €13,297 | €14,387 | ▲ 8.2% |
| Other operating charges640/8 | - | €442 | €1,712 | €657 | €671 | ▲ 2.2% |
| Gross operating margin9900 | €20,848 | €13,227 | €18,680 | €31,855 | €64,462 | ▲ 102% |
| Operating profit (loss)9901 | €17,281 | €6,512 | €13,236 | -€343 | €20,603 | ▲ 6,099% |
| Financial income75/76B | - | - | - | €4 | €7 | ▲ 85.1% |
| Recurring financial income75 | - | - | - | €4 | €7 | ▲ 85.1% |
| Financial charges65/66B | - | €753 | €2,150 | €3,923 | €4,758 | ▲ 21.3% |
| Recurring financial charges65 | €951 | €753 | €2,150 | €3,923 | €4,758 | ▲ 21.3% |
| Profit (loss) for the period before taxes9903 | €16,330 | €5,758 | €11,086 | -€4,262 | €15,853 | ▲ 472% |
| Income taxes67/77 | €6,309 | €3,763 | €3,973 | €221 | €4,929 | ▲ 2,129% |
| Profit (loss) for the period9904 | €10,021 | €1,996 | €7,113 | -€4,484 | €10,923 | ▲ 344% |
| Profit (loss) for the period to be appropriated9905 | €10,021 | €1,996 | €7,113 | -€4,484 | €10,923 | ▲ 344% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,619 | €72,714 | €73,222 | €120,848 | €92,569 | ▼ 23.4% |
| Fixed assets21/28 | €1,575 | €19,842 | €5,466 | €52,892 | €40,561 | ▼ 23.3% |
| Tangible fixed assets22/27 | €1,550 | €19,817 | €5,291 | €52,597 | €40,386 | ▼ 23.2% |
| Plant, machinery and equipment23 | - | - | €1,786 | €1,723 | €979 | ▼ 43.2% |
| Furniture and vehicles24 | - | €19,817 | €3,505 | €50,873 | €39,407 | ▼ 22.5% |
| Financial fixed assets28 | €25 | €25 | €175 | €295 | €175 | ▼ 40.7% |
| Current assets29/58 | €43,044 | €52,872 | €67,756 | €67,956 | €52,009 | ▼ 23.5% |
| Amounts receivable within one year40/41 | €37,116 | €31,716 | €38,494 | €15,734 | €26,821 | ▲ 70.5% |
| Trade receivables40 | - | €29,968 | €38,494 | €14,455 | €24,041 | ▲ 66.3% |
| Other amounts receivable41 | - | €1,748 | - | €1,279 | €2,780 | ▲ 117% |
| Cash at bank and in hand54/58 | €4,069 | €12,520 | €27,569 | €47,958 | €21,269 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | €8,636 | €1,693 | €4,264 | €3,918 | ▼ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,619 | €72,714 | €73,222 | €120,848 | €92,569 | ▼ 23.4% |
| Equity10/15 | €34,644 | €36,640 | €43,752 | €38,436 | €39,359 | ▲ 2.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €21,610 | €21,610 | €28,723 | €28,723 | €29,646 | ▲ 3.2% |
| Distributable reserves133 | - | €21,610 | €28,723 | €28,723 | €29,646 | ▲ 3.2% |
| Profit (loss) carried forward14 | €6,834 | €8,830 | €8,830 | €3,513 | €3,513 | = |
| Amounts payable17/49 | €9,975 | €36,075 | €29,470 | €82,413 | €53,211 | ▼ 35.4% |
| Amounts payable after more than one year17 | - | - | - | €29,139 | €20,431 | ▼ 29.9% |
| Financial debts170/4 | - | - | - | €29,139 | €20,181 | ▼ 30.7% |
| Other amounts payable178/9 | - | - | - | - | €250 | - |
| Amounts payable within one year42/48 | €9,975 | €36,075 | €29,470 | €53,274 | €32,780 | ▼ 38.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,740 | €8,958 | ▲ 2.5% |
| Trade debts44 | €1,832 | €10,694 | €975 | €6,103 | €7,788 | ▲ 27.6% |
| Suppliers440/4 | - | €10,694 | €975 | €6,103 | €7,788 | ▲ 27.6% |
| Advances received on contracts in progress46 | - | - | €152 | - | - | - |
| Taxes, remuneration and social security45 | - | €3,763 | €6,696 | €4,228 | €6,534 | ▲ 54.6% |
| Taxes450/3 | - | €3,763 | €6,696 | €2,658 | €3,153 | ▲ 18.6% |
| Remuneration and social security454/9 | - | - | - | €1,569 | €3,381 | ▲ 115% |
| Other amounts payable47/48 | - | €21,618 | €21,647 | €34,203 | €9,500 | ▼ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,021 | €1,996 | €7,113 | -€4,484 | €10,923 | ▲ 344% |
| + Depreciation and write-downs630 | €928 | €4,513 | €1,931 | €13,297 | €14,387 | ▲ 8.2% |
| Operating cash flow (approximation) | €10,949 | €6,509 | €9,044 | €8,813 | €25,311 | ▲ 187% |
| Investment in fixed assets (approximation) | - | -€22,780 | €12,446 | -€60,722 | -€2,057 | ▲ 96.6% |
| Change in cash | - | €8,451 | €15,049 | €20,390 | -€26,689 | ▼ 231% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €10,923
Net result €10,923 after one loss-making year.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€4,484
Net result drops to -€4,484, the lowest in the series; recovery starts the following year.
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €12,439 ▲108%
Net result €12,439, the highest in the series.
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Chaumont-Gistoux · 1 establishment unit since 2018
Ground area
354 m²
Building footprint
67 m²
Volume, LiDAR
454 m³
Parcel 25018B0341/00F002, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MGASYSTEMS
since 20182.271.972.107
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018B0341/00F002 | Wallonia | 354 m² | 1 · 67 m² | 9.4 m · 2 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 30,009 companies in sector 62200 we hold annual accounts for 18,399. 14,969 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
Founded10-01-2018
Fiscal year end30-06
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
62200Computer consultancy and computer facilities management
47789Other retail sale of new goods
70200Business and other management consultancy
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687769392
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.