MGC TRANS
BankruptcyThe KBO register records for MGC TRANS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €48k and a net result of €24k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2020, micro schema
Equity
€48k▲ 125%
2019 · €21k
2018: €21k
2019: €21k
2018 → 2020
Total assets
€488k▲ 69.7%
2019 · €288k
2018: €258k
2019: €288k
2018 → 2020
Net result
€24k▲ 10,676%
2019 · €221
2018: €876
2019: €221
2018 → 2020
Working capital
€33k▲ 679%
2019 · €4k
2018: €-10k
2019: €4k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€21k-€21k▲ 1.0%€48k▲ 125%
Operating result€13k-€5k▼ 60.2%€34k▲ 537%
Net result€876-€221▼ 74.8%€24k▲ 10,676%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 537% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €488k
Fixed assets
€63k▲ 15.7%
Current assets
€425k▲ 82.3%
Equity and liabilities €488k
Equity
€48k▲ 125%
Debt
€440k▲ 65.2%
The debt ratio falls from 92.6% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2019 · €35k
Cash flow
€43k▲
2019 · €30k
Solvency
9.9%▲
2019 · 7.4%
Current ratio
1.08▲
2019 · 1.02
Quick ratio
1.08▲
2019 · 1.02
Debt / equity
9.14▲
2019 · 1.76
ROE
49.4%▲
2019 · 1.0%
ROA
4.9%▲
2019 · 0.1%
Interest coverage
5.20
Debt
€440k▲
2019 · €266k
Debt ≤ 1 year
€392k▲
2019 · €229k
Debt > 1 year
€41k▲
2019 · €38k
Staff costs
€203k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€288k€488k▲
Fixed assets21/28€55k€63k▲
Tangible fixed assets22/27€41k€49k▲
Plant, machinery and equipment23-€330
Furniture and vehicles24-€610
Leasing and similar rights25-€48k
Financial fixed assets28€14k€14k=
Current assets29/58€233k€425k▲
Amounts receivable within one year40/41€204k€348k▲
Trade receivables40-€258k
Other amounts receivable41-€91k
Current investments50/53-€20k
Cash at bank and in hand54/58€29k€49k▲
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€288k€488k▲
Equity10/15€21k€48k▲
Contributions10/11€10k€13k▲
Outside capital11-€13k
Other1109/19-€13k
Reserves13€2k€2k=
Distributable reserves133-€2k
Profit (loss) carried forward14€9k€33k▲
Amounts payable17/49€266k€440k▲
Amounts payable after more than one year17€38k€41k▲
Financial debts170/4-€41k
Amounts payable within one year42/48€229k€392k▲
Current portion of amounts payable after more than one year42-€17k
Financial debts43-€29k
Credit institutions430/8-€29k
Trade debts44€105k€150k▲
Suppliers440/4-€150k
Advances received on contracts in progress46-€103k
Taxes, remuneration and social security45-€93k
Taxes450/3-€93k
Accrued charges and deferred income492/3-€7k
Income statement
Code20192020
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62-€203k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€20k▼
Other operating charges640/8-€14k
Gross operating margin9900€206k€271k▲
Operating profit (loss)9901€5k€34k▲
Financial income75/76B-€0
Recurring financial income75€0€0▼
Financial charges65/66B-€10k
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€428€24k▲
Income taxes67/77€207-
Profit (loss) for the period9904€221€24k▲
Profit (loss) for the period to be appropriated9905€221€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€33k
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-05
KBO administration
Address struck
Louizalaan 523 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 05-05-2025
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 334 days late
2020
31-12
Financial
Highest result since 2018net €24k ▲10676%
Operating result €34k, net result €24k, both a record.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
31-12
Financial
Weakest financial yearnet €221 ▼74.8%
Net result drops to €221, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 105 days late
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 109 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 69 days late
2014
28-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 89 days late
2013
18-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 79 days late
2012
30-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
4,306 m²
Building footprint
2,176 m²
Volume, LiDAR
49,991 m³
2 parcels, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Keizer Karellaan 333, 1083 Ganshoren
since 20082.170.556.924
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
| 21392A0058/00M009 | Brussels | 776 m² | 1 · 299 m² | 22.8 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
E en C Papershop
BE 0450.966.757
Wijnegem · Eq €48k
TLR GROUPE
BE 0747.760.231
Dilbeek · Eq €49k
CONTACT MAGAZINE
BE 0426.664.693
Binche · Eq €48k
Belgium Solution Services
BE 0738.768.133
Sint-Gillis (bij-Brussel) · Eq €49k
EWSA
BE 0630.714.190
Antwerpen · Eq €49k
Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,138 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-01-2008
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.