MGB - AUTOMATIC
ActiveSummary
MGB - AUTOMATIC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €692k and a net result of €-20k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+51
Solvency58▼-25
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.01 in 2024; short-term debt: 67.1% and cash: 0.3% of total assets), and 67.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d late
2023
56 d late
2022
91 d late
2021
23 d late
2020
31 d late
2019
25 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 4.2%
2024 · €-19k
2018: €8k
2019: €41k▲ +437% vs 2018
2020: €142k▲ +245% vs 2019
2021: €51k▼ -64.1% vs 2020
2022: €-6k▼ -112% vs 2021
2023: €256k▲ +4319% vs 2022highest in 8 years
2024: €-19k▼ -108% vs 2023
2025: €-20k▼ -4.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-943k▼ 87.7%
2024 · €-502k
2018: €13k
2019: €55k▲ +315% vs 2018
2020: €-86k▼ -256% vs 2019
2021: €182k▲ +313% vs 2020
2022: €19k▼ -89.6% vs 2021
2023: €367k▲ +1830% vs 2022highest in 8 years
2024: €-502k▼ -237% vs 2023
2025: €-943k▼ -87.7% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€482k-€476k▼ 1.3%€732k▲ 53.7%€713k▼ 2.7%€692k▼ 2.8%
2021: €482k
2022: €476k▼ -1.3% vs 2021lowest in 5 years
2023: €732k▲ +53.7% vs 2022highest in 5 years
2024: €713k▼ -2.7% vs 2023
2025: €692k▼ -2.8% vs 2024
Operating result€-83k-€-6k▲ 92.5%€206k€-17k€-17k▼ 2.3%
2021: €-83klowest in 5 years
2022: €-6k▲ +92.5% vs 2021
2023: €206k▲ +3418% vs 2022highest in 5 years
2024: €-17k▼ -108% vs 2023
2025: €-17k▼ -2.3% vs 2024
Net result€51k-€-6k€256k€-19k€-20k▼ 4.2%
2021: €51k
2022: €-6k▼ -112% vs 2021
2023: €256k▲ +4319% vs 2022highest in 5 years
2024: €-19k▼ -108% vs 2023
2025: €-20k▼ -4.2% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €17k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€1.63M ▲ 34.6%
Current assets
€469k ▲ 11,514%
Equity and liabilities €2.10M
Equity
€692k ▼ 2.8%
Debt
€1.41M ▲ 179%
Debt's share of the balance-sheet total rises from 41.5% to 67.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €-2k
Cash flow
€21k▲
2024 · €-4k
Current ratio
0.33▲
2024 · 0.01
Debt to equity
2.04▲
2024 · 0.71
ROE
-2.9%▼
2024 · -2.7%
ROA
-1.0%▲
2024 · -1.6%
Interest coverage
7.96▲
2024 · -0.60
Debt ≤ 1 year
€1.41M▲
2024 · €506k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€2.10M▲
Fixed assets21/28€1.21M€1.63M▲
Tangible fixed assets22/27€1.21M€1.63M▲
Land and buildings22€1.21M€1.63M▲
Furniture and vehicles24€9k€954▼
Current assets29/58€4k€469k▲
Amounts receivable within one year40/41€2k€462k▲
Trade receivables40€0€462k▲
Other amounts receivable41€2k€170▼
Cash at bank and in hand54/58€1k€7k▲
Deferred charges and accrued income490/1€413€453▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€2.10M▲
Equity10/15€713k€692k▼
Contributions10/11€19k€19k=
Reserves13€302k€302k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€300k€302k▲
Profit (loss) carried forward14€392k€371k▼
Amounts payable17/49€506k€1.41M▲
Amounts payable within one year42/48€506k€1.41M▲
Trade debts44€7k€476k▲
Suppliers440/4€7k€476k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€499k€936k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€41k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€2k-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€3k€26k▲
Operating profit (loss)9901€-17k€-17k▼
Financial income75/76B€248-
Recurring financial income75€248-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-19k€-20k▼
Profit (loss) for the period9904€-19k€-20k▼
Profit (loss) for the period to be appropriated9905€-19k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€392k€371k▼
Profit (loss) brought forward from the previous period14P€411k€392k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €292k | - | €2k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €575 | - | €9k | €15k | €41k | ▲ 173% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €2k | - | - |
| Other operating charges640/8 | - | - | - | €2k | €2k | ▼ 23.7% |
| Non-recurring operating charges66A | €81k | - | - | - | - | - |
| Gross operating margin9900 | €-980 | €-6k | €215k | €3k | €26k | ▲ 911% |
| Operating profit (loss)9901 | €-83k | €-6k | €206k | €-17k | €-17k | ▼ 2.3% |
| Financial income75/76B | €170k | €159 | €1 | €248 | - | - |
| Recurring financial income75 | €170k | €159 | €1 | €248 | - | - |
| Financial charges65/66B | - | - | €2k | €3k | €3k | ▲ 6.5% |
| Recurring financial charges65 | - | - | €2k | €3k | €3k | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €87k | €-6k | €205k | €-19k | €-20k | ▼ 4.2% |
| Income taxes67/77 | €36k | - | €-51k | - | - | - |
| Profit (loss) for the period9904 | €51k | €-6k | €256k | €-19k | €-20k | ▼ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €51k | €-6k | €256k | €-19k | €-20k | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €618k | €490k | €804k | €1.22M | €2.10M | ▲ 72.7% |
| Fixed assets21/28 | €300k | €457k | €365k | €1.21M | €1.63M | ▲ 34.6% |
| Tangible fixed assets22/27 | - | €0 | €365k | €1.21M | €1.63M | ▲ 34.6% |
| Land and buildings22 | - | - | €365k | €1.21M | €1.63M | ▲ 35.6% |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €0 | €0 | €9k | €954 | ▼ 89.8% |
| Financial fixed assets28 | €300k | €457k | €0 | - | - | - |
| Current assets29/58 | €318k | €32k | €439k | €4k | €469k | ▲ 11,514% |
| Amounts receivable within one year40/41 | €4k | €31k | €6k | €2k | €462k | ▲ 21,073% |
| Trade receivables40 | €4k | €171 | €4k | €0 | €462k | - |
| Other amounts receivable41 | - | €31k | €2k | €2k | €170 | ▼ 92.2% |
| Cash at bank and in hand54/58 | €314k | €1k | €433k | €1k | €7k | ▲ 377% |
| Deferred charges and accrued income490/1 | - | - | - | €413 | €453 | ▲ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €618k | €490k | €804k | €1.22M | €2.10M | ▲ 72.7% |
| Equity10/15 | €482k | €476k | €732k | €713k | €692k | ▼ 2.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €302k | €302k | €302k | €302k | €302k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €300k | €300k | €300k | €300k | €302k | ▲ 0.6% |
| Profit (loss) carried forward14 | €161k | €155k | €411k | €392k | €371k | ▼ 5.2% |
| Amounts payable17/49 | €135k | €13k | €72k | €506k | €1.41M | ▲ 179% |
| Amounts payable within one year42/48 | €135k | €13k | €72k | €506k | €1.41M | ▲ 179% |
| Trade debts44 | €90k | €8k | €67k | €7k | €476k | ▲ 6,286% |
| Suppliers440/4 | €90k | €8k | €67k | €7k | €476k | ▲ 6,286% |
| Taxes, remuneration and social security45 | €43k | €0 | €0 | €0 | - | - |
| Taxes450/3 | €43k | €0 | €0 | €0 | - | - |
| Other amounts payable47/48 | €2k | €5k | €5k | €499k | €936k | ▲ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €-6k | €256k | €-19k | €-20k | ▼ 4.2% |
| + Depreciation and write-downs630 | €575 | - | €9k | €15k | €41k | ▲ 173% |
| Operating cash flow (approximation) | €51k | €-6k | €265k | €-4k | €21k | ▲ 589% |
| Investment in fixed assets (approximation) | - | €-157k | €83k | €-865k | €-461k | ▲ 46.7% |
| Change in cash | - | €-312k | €432k | €-432k | €5k | ▲ 101% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Back to profitnet €256k
Net result €256k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.11
Current ratio from 2.43 to 6.11.
31-12
Financial
Equity above €500kEq €732k ▲53.7%
Equity rises from €476k to €732k.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 2.35
Current ratio from 0.54 to 2.35; short-term debt falls from €187k to €135k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
Show earlier events
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Grâce-Hollogne · 1 establishment unit since 1997
Ground area
1,628 m²
Building footprint
202 m²
Volume, LiDAR
1,340 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MGB-AUTOMATIC
since 19972.082.680.070
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054A0077/00Y000 | Wallonia | 875 m² | 1 · 70 m² | 9.8 m · 3 fl. |
| 62054C0305/00R002 | Wallonia | 753 m² | 1 · 132 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 298 companies in sector 93293 we hold annual accounts for 190. 130 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
Founded13-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
93293Sports, amusement and recreation activities
46649Wholesale of other machinery and equipment
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.