MGB
ActiveSummary
The computed 12-month bankruptcy probability of MGB is 3.9% (moderate). The 2025 annual accounts show negative equity (-€24,253) and a net result of €2,587. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 1865 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.51 in 2024; short-term debt: 207.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-123.2%
Return on assets
13.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1865 sector peers (2025).
NBB · sector comparisonPosition among 1865 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 7 filingsDeviation from the deadline
2025
11 d late
2024
8 d early
2023
23 d early
2022
1 d late
2021
12 d early
2020
59 d early
2019
307 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€24,253▲ 9.6%
2024 · -€26,839
Total assets
€19,679▼ 22.8%
2024 · €25,489
Net result
€2,587▼ 78.5%
2024 · €12,011
Working capital
-€28,447▼ 17.9%
2024 · -€24,136
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,489€3,362▲ 126%€4,053▲ 20.5%€19,872▲ 390%€2,592▼ 87.0%
Net result€6,279€592▼ 90.6%€3,527▲ 496%€12,011▲ 241%€2,587▼ 78.5%
Equity-€42,970▲ 12.7%-€42,377▲ 1.4%-€38,851▲ 8.3%-€26,839▲ 30.9%-€24,253▲ 9.6%
Total assets€33,784▲ 37.0%€8,788▼ 74.0%€11,190▲ 27.3%€25,489▲ 128%€19,679▼ 22.8%
Debt€76,753▲ 3.9%€51,165▼ 33.3%€50,041▼ 2.2%€52,328▲ 4.6%€43,931▼ 16.0%
Working capital-€39,824▲ 17.2%-€39,231▲ 1.5%-€35,705▲ 9.0%-€24,136▲ 32.4%-€28,447▼ 17.9%
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 falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,679
Fixed assets
€7,341 ▲ 1,559%
Current assets
€12,338 ▼ 50.7%
Key figures and ratios
EBITDA
€2,821▼
2024 · €19,929
Cash flow
€2,817▼
2024 · €12,069
Solvency
-123.2%▼
2024 · -105.3%
Current ratio
0.30▼
2024 · 0.51
Debt to equity
-1.81▲
2024 · -1.95
ROA
13.1%▼
2024 · 47.1%
Interest coverage
6.34▼
2024 · 17.03
Debt ≤ 1 year
€40,785▼
2024 · €49,182
Debt > 1 year
€3,146=
2024 · €3,146
Income taxes
€141▼
2024 · €7,852
Staff costs
€22,833▲
2024 · €2,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,828 | - | €693 | €2,630 | €22,833 | ▲ 768% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €57 | €230 | ▲ 300% |
| Other operating charges640/8 | €21,041 | €6,467 | €726 | €1,546 | €1,393 | ▼ 9.9% |
| Non-recurring operating charges66A | - | - | - | - | €21,723 | - |
| Gross operating margin9900 | €27,357 | €9,829 | €5,472 | €24,106 | €48,770 | ▲ 102% |
| Operating profit (loss)9901 | €1,489 | €3,362 | €4,053 | €19,872 | €2,592 | ▼ 87.0% |
| Financial income75/76B | €6,249 | - | - | €1,161 | €581 | ▼ 49.9% |
| Recurring financial income75 | €6,249 | - | - | €1,161 | €581 | ▼ 49.9% |
| Non-recurring financial income76B | €6,249 | - | - | - | - | - |
| Financial charges65/66B | €1,703 | €2,770 | €790 | €1,170 | €445 | ▼ 62.0% |
| Recurring financial charges65 | €1,703 | €2,770 | €790 | €1,170 | €445 | ▼ 62.0% |
| Profit (loss) for the period before taxes9903 | €6,035 | €592 | €3,263 | €19,863 | €2,728 | ▼ 86.3% |
| Income taxes67/77 | -€244 | - | -€264 | €7,852 | €141 | ▼ 98.2% |
| Profit (loss) for the period9904 | €6,279 | €592 | €3,527 | €12,011 | €2,587 | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €6,279 | €592 | €3,527 | €12,011 | €2,587 | ▼ 78.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,784 | €8,788 | €11,190 | €25,489 | €19,679 | ▼ 22.8% |
| Fixed assets21/28 | - | - | - | €443 | €7,341 | ▲ 1,559% |
| Tangible fixed assets22/27 | - | - | - | €443 | €713 | ▲ 61.1% |
| Furniture and vehicles24 | - | - | - | €443 | €713 | ▲ 61.1% |
| Financial fixed assets28 | - | - | - | - | €6,628 | - |
| Current assets29/58 | €33,784 | €8,788 | €11,190 | €25,046 | €12,338 | ▼ 50.7% |
| Amounts receivable within one year40/41 | €33,164 | €4,589 | €7,935 | €21,341 | €12,338 | ▼ 42.2% |
| Trade receivables40 | €33,164 | €4,589 | €7,935 | €1,458 | €1,323 | ▼ 9.3% |
| Other amounts receivable41 | - | - | - | €19,883 | €11,015 | ▼ 44.6% |
| Cash at bank and in hand54/58 | €620 | €4,199 | €3,256 | €3,705 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,784 | €8,788 | €11,190 | €25,489 | €19,679 | ▼ 22.8% |
| Equity10/15 | -€42,970 | -€42,377 | -€38,851 | -€26,839 | -€24,253 | ▲ 9.6% |
| Contributions10/11 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Outside capital11 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Other1109/19 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | -€58,970 | -€58,377 | -€54,851 | -€42,839 | -€40,253 | ▲ 6.0% |
| Amounts payable17/49 | €76,753 | €51,165 | €50,041 | €52,328 | €43,931 | ▼ 16.0% |
| Amounts payable after more than one year17 | €3,146 | €3,146 | €3,146 | €3,146 | €3,146 | = |
| Financial debts170/4 | €3,146 | €3,146 | €3,146 | €3,146 | €3,146 | = |
| Amounts payable within one year42/48 | €73,607 | €48,019 | €46,895 | €49,182 | €40,785 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | €1,160 | €7,429 | €4,299 | €3,799 | €3,799 | = |
| Financial debts43 | - | - | - | - | €1,025 | - |
| Credit institutions430/8 | - | - | - | - | €1,025 | - |
| Trade debts44 | €5,391 | €9,383 | €22,179 | €38,986 | €31,020 | ▼ 20.4% |
| Suppliers440/4 | €5,391 | €9,383 | €22,179 | €38,986 | €31,020 | ▼ 20.4% |
| Taxes, remuneration and social security45 | €10,423 | €3,006 | €5,738 | €6,397 | €4,942 | ▼ 22.7% |
| Taxes450/3 | €10,423 | €3,006 | €1,988 | €2,647 | €4,942 | ▲ 86.7% |
| Remuneration and social security454/9 | - | - | €3,750 | €3,750 | - | - |
| Other amounts payable47/48 | €56,633 | €28,202 | €14,679 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,279 | €592 | €3,527 | €12,011 | €2,587 | ▼ 78.5% |
| + Depreciation and write-downs630 | - | - | - | €57 | €230 | ▲ 300% |
| Operating cash flow (approximation) | €6,279 | €592 | €3,527 | €12,069 | €2,817 | ▼ 76.7% |
| Investment in fixed assets (approximation) | - | - | - | - | -€7,128 | - |
| Change in cash | - | €3,579 | -€943 | €449 | - | - |
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
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €12,011 ▲241%
Operating result €19,872, net result €12,011, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,279
Net result €6,279 after 2 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 307 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Diepenbeek · 1 establishment unit since 2019
Ground area
1,924 m²
Building footprint
768 m²
Parcel 71402D1112/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
MGB Transport
since 20192.289.915.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00Z000 | Flanders | 1,924 m² | 1 · 768 m² | 0.0 m |
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.
Similar companies · same sector and region
BERCO TRANS
BE 0876.157.745
Diepenbeek
DCF Transport
BE 1008.994.889
Diepenbeek
GEPETRANS
BE 0600.867.488
Diepenbeek
H & T MEUFFELS
BE 0421.675.925
Diepenbeek
MACHIELS
BE 0440.200.054
Diepenbeek
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43120Site preparation
47820Retail sale of motor vehicle parts and accessories
46130Agents in the wholesale of timber and building materials
68110Buying and selling of own real estate
Contact
E-mail
bryan_martens@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.