Skip to content

MGBI

Active
Public limited companyfounded 2013active for 13 yearsKoloniënstraat 11, 1000 Brussel, Belgium302 active companies are registered at this addressKBO/BCE: BE 0537.230.243
Summary

The computed 12-month bankruptcy probability of MGBI is 1.5% (moderate). The 2025 annual accounts show equity of €149,256 and a net result of -€92,309. Equity is shrinking by about 13% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 14% of 6,039 sector peers (NACE 46, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46497
1 site
Size
€3.5mturnover 2025
Staff
5.2 FTE
Equity
€149,256
Loss
-€92,309
Financial health
62 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Parent
Suprinvest International SA
Holdings
1
Accounts 10 days early1 of 6 deeds read
Why 62raises riskLoss of €92,309, the second in a row (financial year 2025)Figures for financial year 2025 (filed 29-10-2025)Equity €149,256 (11.2% of total assets)lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 30% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 36-9
equity 11.2% of total assets
Liquidity 35-10
short-term debt 38.8% · cash 2.8%
Profitability 12+2
return on assets -6.9%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,873 companies, NACE 46, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025lowest value 03-2025: 0.8%● unchanged vs 02-2025lowest value 04-2025: 0.8%● unchanged vs 03-2025lowest value 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.9%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.2 percentage points vs 09-2025 11-2025: 1.0%▼ -0.1 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.5%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.52, compared with 3.68 in 2024, above the usual 1.5; short-term debt: 38.8% and cash: 2.8% of total assets), but 88.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 24% on solvency, 33% on liquidity, 18% on profitability and 45% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €92,309, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed 29-10-2025)
NBB · annual accounts
raises risk · Equity €149,256 (11.2% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€92,309
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 6039 sector peers (2025).
NBB · sector comparison
Position among 6039 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
10 days early
2024
30 days early
2023
15 days early
2022
21 days early
2021
18 days early
2020
29 days early
2019
9 days 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 19 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 13 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end15-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Suprinvest International SA, Pascal Esnol…Permanent representative: Chunyu Bao
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€92,309 View
  • Caution: Among the weakest 14% on net resultsector median €114,715 · 5,979 companies -€92,309 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Suprinvest International SAthe company in turn controls 1 companies parent View
  • Caution: Equity fell in 2025from €241,564 to €149,256 ▼ 38.2% View

By topic

Financials

Financial year
2025
Turnover
€3.5m
Loss
-€92,309
Solvency
11.2%
Turnover▲ 18.1%
Net result
20212025
Go to Financials

Board & ownership

Board
3 members
Parent
Suprinvest International SA
  • Pascal EsnolDirector
  • Stephan Van HachtDirector
  • Suprinvest International SADirector
Go to Board & ownership

Timeline

Events
16
Since
2015
Next accounts
by 31-10-2026
  1. 16-10-2023Annual accounts filed
  2. 31-03-2023Weakest financial year
  3. 10-10-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46497
Founded
01-08-2013
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.