MGC IMMO
ActiveSummary
MGC IMMO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179k and a net result of €-900. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-3
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 9.37 against 13.48 in 2024; short-term debt: 0.8% and cash: 7.5% of total assets), and 0.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
57 d early
2024
38 d early
2023
28 d early
2022
7 d early
← 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
Equity
€179k▼ 0.5%
2024 · €180k
2022: €176klowest in 4 years
2023: €177k▲ +1.0% vs 2022
2024: €180k▲ +1.6% vs 2023highest in 4 years
2025: €179k▼ -0.5% vs 2024
2022 → 2025
Total assets
€181k▼ 0.5%
2024 · €182k
2022: €177k
2023: €177k● -0.0% vs 2022lowest in 4 years
2024: €182k▲ +2.4% vs 2023highest in 4 years
2025: €181k▼ -0.5% vs 2024
2022 → 2025
Net result
€-900
2024 · €3k
2022: €-6klowest in 4 years
2023: €2k▲ +131% vs 2022
2024: €3k▲ +56.8% vs 2023highest in 4 years
2025: €-900▼ -133% vs 2024
2022 → 2025
Working capital
€12k▼ 36.8%
2024 · €19k
2022: €108khighest in 4 years
2023: €99k▼ -8.4% vs 2022
2024: €19k▼ -80.5% vs 2023
2025: €12k▼ -36.8% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€176k-€177k▲ 1.0%€180k▲ 1.6%€179k▼ 0.5%
2022: €176klowest in 4 years
2023: €177k▲ +1.0% vs 2022
2024: €180k▲ +1.6% vs 2023highest in 4 years
2025: €179k▼ -0.5% vs 2024
Operating result€-6k-€2k€3k▲ 55.7%€-852
2022: €-6klowest in 4 years
2023: €2k▲ +132% vs 2022
2024: €3k▲ +55.7% vs 2023highest in 4 years
2025: €-852▼ -130% vs 2024
Net result€-6k-€2k€3k▲ 56.8%€-900
2022: €-6klowest in 4 years
2023: €2k▲ +131% vs 2022
2024: €3k▲ +56.8% vs 2023highest in 4 years
2025: €-900▼ -133% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €852 after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€167k ▲ 3.8%
Current assets
€14k ▼ 34.5%
Equity and liabilities €181k
Equity
€179k ▼ 0.5%
Debt
€1k ▼ 5.8%
Debt's share of the balance-sheet total stays at 0.8%.
Key figures and ratios
EBITDA
€13k▼
2024 · €14k
Cash flow
€13k▼
2024 · €14k
Current ratio
9.37▼
2024 · 13.48
Debt to equity
0.01▼
2024 · 0.01
ROE
-0.5%▼
2024 · 1.5%
ROA
-0.5%▼
2024 · 1.5%
Interest coverage
276.68▼
2024 · 310.40
Debt ≤ 1 year
€1k▼
2024 · €2k
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 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€182k€181k▼
Fixed assets21/28€161k€167k▲
Tangible fixed assets22/27€161k€167k▲
Land and buildings22€160k€167k▲
Furniture and vehicles24€355-
Current assets29/58€21k€14k▼
Cash at bank and in hand54/58€21k€14k▼
Equity and liabilities
Total equity and liabilities10/49€182k€181k▼
Equity10/15€180k€179k▼
Contributions10/11€89k€89k=
Reserves13€53k€53k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€38k€37k▼
Amounts payable17/49€2k€1k▼
Amounts payable within one year42/48€2k€1k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€16k€14k▼
Operating profit (loss)9901€3k€-852▼
Financial charges65/66B€47€48▲
Recurring financial charges65€47€48▲
Profit (loss) for the period before taxes9903€3k€-900▼
Profit (loss) for the period9904€3k€-900▼
Profit (loss) for the period to be appropriated9905€3k€-900▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€37k▼
Profit (loss) brought forward from the previous period14P€35k€38k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €12k | €14k | ▲ 21.6% |
| Other operating charges640/8 | €786 | €1k | €1k | €1k | ▼ 6.7% |
| Gross operating margin9900 | €4k | €13k | €16k | €14k | ▼ 7.9% |
| Operating profit (loss)9901 | €-6k | €2k | €3k | €-852 | ▼ 130% |
| Financial charges65/66B | €14 | €42 | €47 | €48 | ▲ 3.2% |
| Recurring financial charges65 | €14 | €42 | €47 | €48 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €2k | €3k | €-900 | ▼ 133% |
| Profit (loss) for the period9904 | €-6k | €2k | €3k | €-900 | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €2k | €3k | €-900 | ▼ 133% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €177k | €177k | €182k | €181k | ▼ 0.5% |
| Fixed assets21/28 | €68k | €79k | €161k | €167k | ▲ 3.8% |
| Tangible fixed assets22/27 | €68k | €79k | €161k | €167k | ▲ 3.8% |
| Land and buildings22 | €67k | €78k | €160k | €167k | ▲ 4.1% |
| Furniture and vehicles24 | €1k | €754 | €355 | - | - |
| Current assets29/58 | €109k | €99k | €21k | €14k | ▼ 34.5% |
| Amounts receivable within one year40/41 | €191 | - | - | - | - |
| Other amounts receivable41 | €191 | - | - | - | - |
| Cash at bank and in hand54/58 | €107k | €99k | €21k | €14k | ▼ 34.5% |
| Deferred charges and accrued income490/1 | €2k | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €177k | €177k | €182k | €181k | ▼ 0.5% |
| Equity10/15 | €176k | €177k | €180k | €179k | ▼ 0.5% |
| Contributions10/11 | €89k | €89k | €89k | €89k | = |
| Reserves13 | €53k | €53k | €53k | €53k | = |
| Distributable reserves133 | €53k | €53k | €53k | €53k | = |
| Profit (loss) carried forward14 | €33k | €35k | €38k | €37k | ▼ 2.4% |
| Amounts payable17/49 | €2k | €130 | €2k | €1k | ▼ 5.8% |
| Amounts payable within one year42/48 | €2k | €130 | €2k | €1k | ▼ 5.8% |
| Trade debts44 | €2k | €130 | €2k | €1k | ▼ 5.8% |
| Suppliers440/4 | €2k | €130 | €2k | €1k | ▼ 5.8% |
| Accrued charges and deferred income492/3 | €159 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €2k | €3k | €-900 | ▼ 133% |
| + Depreciation and write-downs630 | €9k | €10k | €12k | €14k | ▲ 21.6% |
| Operating cash flow (approximation) | €3k | €12k | €14k | €13k | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | €-21k | €-94k | €-20k | ▲ 78.3% |
| Change in cash | - | €-9k | €-78k | €-7k | ▲ 90.8% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €3k ▲56.8%
Operating result €3k, net result €3k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 759.25
Current ratio from 62.88 to 759.25; short-term debt falls from €2k to €130.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hannut · 1 establishment unit since 2022
Ground area
1,765 m²
Building footprint
104 m²
Volume, LiDAR
728 m³
Parcel 64019B0391/00W000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MGC IMMO
since 20222.334.246.503
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64019B0391/00W000 | Wallonia | 1,765 m² | 1 · 104 m² | 8.4 m · 2 fl. |
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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,735 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
Founded26-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.