MGBS
ActiveSummary
MGBS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,330 and a net result of €82,137. Its solvency ranks better than 55% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▲+14
Growth52
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.89 in 2024; short-term debt: 39.1% and cash: 14.4% of total assets), and 39.1% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.9%
Return on assets
29.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 d early
2024
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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, micro schema
Equity
€171,330▲ 69.3%
2024 · €101,193
Total assets
€281,228▲ 31.7%
2024 · €213,555
Net result
€82,137▼ 29.9%
2024 · €117,193
Working capital
€121,829▲ 22.6%
2024 · €99,356
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
Line20242025
Operating result€156,497-€114,812▼ 26.6%
Net result€117,193-€82,137▼ 29.9%
Equity€101,193-€171,330▲ 69.3%
Total assets€213,555-€281,228▲ 31.7%
Debt€112,362-€109,897▼ 2.2%
Working capital€99,356-€121,829▲ 22.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,228
Fixed assets
€49,502 ▲ 1,826%
Current assets
€231,726 ▲ 9.8%
Equity and liabilities €281,228
Equity
€171,330 ▲ 69.3%
Debt
€109,897 ▼ 2.2%
Debt's share of the balance-sheet total falls from 52.6% to 39.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,564▼
2024 · €157,150
Cash flow
€86,889▼
2024 · €117,846
Current ratio
2.11▲
2024 · 1.89
Debt to equity
0.64▼
2024 · 1.11
ROE
47.9%▼
2024 · 115.8%
ROA
29.2%▼
2024 · 54.9%
Interest coverage
20.58▼
2024 · 440.12
Debt ≤ 1 year
€109,897▼
2024 · €111,628
Income taxes
€27,961▼
2024 · €39,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €653 | €4,752 | ▲ 628% |
| Non-recurring operating charges66A | €61 | €234 | ▲ 282% |
| Gross operating margin9900 | €157,211 | €119,798 | ▼ 23.8% |
| Operating profit (loss)9901 | €156,497 | €114,812 | ▼ 26.6% |
| Financial income75/76B | €395 | €1,095 | ▲ 177% |
| Recurring financial income75 | €395 | €1,095 | ▲ 177% |
| Financial charges65/66B | €357 | €5,809 | ▲ 1,527% |
| Recurring financial charges65 | €357 | €5,809 | ▲ 1,527% |
| Profit (loss) for the period before taxes9903 | €156,536 | €110,098 | ▼ 29.7% |
| Income taxes67/77 | €39,342 | €27,961 | ▼ 28.9% |
| Profit (loss) for the period9904 | €117,193 | €82,137 | ▼ 29.9% |
| Profit (loss) for the period to be appropriated9905 | €117,193 | €82,137 | ▼ 29.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €213,555 | €281,228 | ▲ 31.7% |
| Fixed assets21/28 | €2,571 | €49,502 | ▲ 1,826% |
| Tangible fixed assets22/27 | €2,571 | €49,502 | ▲ 1,826% |
| Plant, machinery and equipment23 | €1,318 | €46,340 | ▲ 3,416% |
| Furniture and vehicles24 | €1,253 | €3,162 | ▲ 152% |
| Current assets29/58 | €210,985 | €231,726 | ▲ 9.8% |
| Amounts receivable after more than one year29 | €91,104 | €132,624 | ▲ 45.6% |
| Other amounts receivable291 | €91,104 | €132,624 | ▲ 45.6% |
| Amounts receivable within one year40/41 | €48,557 | €7,499 | ▼ 84.6% |
| Trade receivables40 | €31,856 | - | - |
| Other amounts receivable41 | €16,700 | €7,499 | ▼ 55.1% |
| Current investments50/53 | €10,218 | €39,140 | ▲ 283% |
| Cash at bank and in hand54/58 | €58,865 | €40,440 | ▼ 31.3% |
| Deferred charges and accrued income490/1 | €2,242 | €12,024 | ▲ 436% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €213,555 | €281,228 | ▲ 31.7% |
| Equity10/15 | €101,193 | €171,330 | ▲ 69.3% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €40,000 | €90,000 | ▲ 125% |
| Distributable reserves133 | €40,000 | €90,000 | ▲ 125% |
| Profit (loss) carried forward14 | €56,193 | €76,330 | ▲ 35.8% |
| Amounts payable17/49 | €112,362 | €109,897 | ▼ 2.2% |
| Amounts payable within one year42/48 | €111,628 | €109,897 | ▼ 1.6% |
| Trade debts44 | €2,975 | €13,585 | ▲ 357% |
| Suppliers440/4 | €2,975 | €13,585 | ▲ 357% |
| Advances received on contracts in progress46 | €36,300 | - | - |
| Taxes, remuneration and social security45 | €57,653 | €87,913 | ▲ 52.5% |
| Taxes450/3 | €57,653 | €87,913 | ▲ 52.5% |
| Other amounts payable47/48 | €14,700 | €8,400 | ▼ 42.9% |
| Accrued charges and deferred income492/3 | €733 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €117,193 | €82,137 | ▼ 29.9% |
| + Depreciation and write-downs630 | €653 | €4,752 | ▲ 628% |
| Operating cash flow (approximation) | €117,846 | €86,889 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | -€51,683 | - |
| Change in cash | - | -€18,425 | - |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €171,330 ▲69.3%
2 profitable years in a row build equity to €171,330.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · 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, Somme-Leuze · 1 establishment unit since 2023
Ground area
1,258 m²
Building footprint
238 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
MGBS
since 20232.349.221.026
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91119H0255/00C000 | Wallonia | 763 m² | - | - |
| 83034A0605/00A005 | Wallonia | 495 m² | 1 · 238 m² | - |
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 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,664 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
Founded07-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
66300Activities auxiliary to financial services and insurance activities
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
Contact
E-mail
nicolasberge@outlook.com
Phone
+32470261692
E-invoicing
Reachable via Peppol
Peppol ID
0208:0805564610
Registered
06-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.