Skip to content

MGC Diagnostics Belgium

Active
Private limited companyfounded 2014active for 12 yearsRue Fétis 67, 5500 Dinant, BelgiumKBO/BCE: BE 0555.714.087
Summary

The annual accounts of MGC Diagnostics Belgium for financial year 2026 show a net loss of 298% of total assets. The 2026 annual accounts show equity of €4.1m and a net result of -€14.6m. Equity has been shrinking by about 18% per year since 2019. If that trend continues, it turns negative around financial year 2027. The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 04-07-2014 Normal situation
Activity
“L’achat,l’acquisition (par voie de fusions,souscriptions,participations,interventions financières ou par toutes autres voies),la vente et le…” (deed in French)From the articles, 6 activitiesNo NACE code in the KBO yet
Establishment unit
2.235.420.824 5503 Dinant, since 04-07-2014
Financial year end
31 March
Peppol
Not found in the Peppol Directory

Board and ownership

Board
Auditor
Callens Vandelanotte SA
Shareholders
  • MGC Diagnostics Corporationannual accounts 31-03-2026
  • MGCD LLCannual accounts 31-03-2026
Holdings
Shares in 1 company SAS MGC DIAGNOSTICS FRANCE

Financial position

57 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 31-03-2026
Loss
€14.6m
▲ 173%
Equity
€4.1m
Total assets
€4.9m
▼ 70.0%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €14.6m, the second in a row (financial year 2026)1 change of registered office in 24 monthslowers riskSize: total assets €4.9mFigures for financial year 2026 (filed on 24-09-2026)Show the evidence

Checked score

Score 2026
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 69% of small companies without a NACE code
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Strong
Solvency 100+100
equity 82.4% of total assets
Liquidity 100+100
cash 86.8%
Profitability 0=
return on assets -298.0%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.0% 01-2025: 0.8%▼ -0.2 percentage points vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.9%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.5 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 1.0%▲ +0.6 percentage points vs 09-2025 11-2025: 1.0%● unchanged 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: 1.8%▲ +0.8 percentage points vs 06-2026 08-2026: 1.9%▲ +0.1 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -2.0 percentage points vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €230,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Cash is 86.8% of total assets. 17.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 (no NACE code, small). It does better than 82% of them on solvency, 98% on liquidity, 1% on profitability and 96% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €4.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €14.6m, the second in a row (financial year 2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2026 (filed on 24-09-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 24-09-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
37 days early
2025
32 days early
2024
6 days early
2023
21 days early
2022
64 days early
2021
67 days early
2020
66 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 42 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 5 October (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2026from -€5.4m to -€14.6m ▼ 173% View
  • Caution: Board changedlatest change 24-04-2026 · 3 in office 3 joined · 3 left View
  • Caution: 2 loss-making years in a rowloss in financial year 2026 -€14.6m View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 7 years View

Recent changes

  1. · Gazette deed Registered office moved from Sorinnes to Bouvignes-Sur-Meuse
  2. · Gazette deed Resignations: Ken Hosako (director) and Paul Abbott (director)Appointment: Yoshitaka Suzuki (director)
  3. · Gazette deed Resignation: Xavier Giraud (director)Appointment: Isabelle Bouteille (director)
All 27 events

Key facts about MGC Diagnostics Belgium

What is the company number of MGC Diagnostics Belgium?
The company number of MGC Diagnostics Belgium is 0555.714.087. The VAT number is the same number with BE in front: BE 0555.714.087.
Where is MGC Diagnostics Belgium based?
The registered office is at Rue Fétis 67, 5500 Dinant.Company details
What is the legal form of MGC Diagnostics Belgium?
The legal form of MGC Diagnostics Belgium is Private limited company (BV).
When was MGC Diagnostics Belgium founded?
MGC Diagnostics Belgium was founded on 04-07-2014.
Is MGC Diagnostics Belgium still active?
Yes, MGC Diagnostics Belgium is an active enterprise in the KBO register.
What is the turnover of MGC Diagnostics Belgium?
The annual accounts for financial year 2026 state no turnover.Financials
Is MGC Diagnostics Belgium profitable?
In financial year 2026, MGC Diagnostics Belgium made a loss of €14.6m.
Where can I find the annual accounts of MGC Diagnostics Belgium?
MGC Diagnostics Belgium filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of MGC Diagnostics Belgium due?
MGC Diagnostics Belgium must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

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