MGCP
ActiveSummary
The computed 12-month bankruptcy probability of MGCP is 2.2% (moderate). The 2024 annual accounts show negative equity (-€12,180) and a net result of €40,091. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 18930 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.25 in 2023; short-term debt: 139.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-39.7%
Return on assets
130.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
27 d late
2022
56 d early
2021
30 d late
2020
17 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€12,180▲ 76.7%
2023 · -€52,271
Total assets
€30,687▼ 20.4%
2023 · €38,565
Net result
€40,091
2023 · -€27,282
Working capital
-€19,813▲ 70.8%
2023 · -€67,782
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,208▼ 57.9%-€20,970-€34,232▼ 63.2%-€25,184▲ 26.4%€42,745
Net result€4,978within the sector's middle half▲ 3.4%-€22,904below the sector's middle half-€35,197below the sector's middle half▼ 53.7%-€27,282below the sector's middle half▲ 22.5%€40,091above the sector's middle half
Equity€33,113within the sector's middle half▲ 17.7%€10,208within the sector's middle half▼ 69.2%-€24,988below the sector's middle half-€52,271below the sector's middle half▼ 109%-€12,180below the sector's middle half▲ 76.7%
Total assets€100,818within the sector's middle half▼ 9.2%€95,626within the sector's middle half▼ 5.2%€48,916within the sector's middle half▼ 48.8%€38,565below the sector's middle half▼ 21.2%€30,687below the sector's middle half▼ 20.4%
Debt€67,706▼ 18.3%€85,417▲ 26.2%€73,905▼ 13.5%€90,836▲ 22.9%€42,867▼ 52.8%
Working capital€9,735within the sector's middle half-€13,666within the sector's middle half-€45,538below the sector's middle half▼ 233%-€67,782below the sector's middle half▼ 48.8%-€19,813within the sector's middle half▲ 70.8%
Solvency32.8%within the sector's middle half▲ 7.5pp10.7%within the sector's middle half▼ 22.2pp-51.1%below the sector's middle half▼ 61.8pp-135.5%below the sector's middle half▼ 84.5pp-39.7%below the sector's middle half▲ 95.8pp
Current ratio1.15within the sector's middle half▲ 0.210.84within the sector's middle half▼ 0.320.38below the sector's middle half▼ 0.450.25below the sector's middle half▼ 0.130.54within the sector's middle half▲ 0.28
Return on assets (ROA)4.9%within the sector's middle half▲ 0.6pp-24.0%below the sector's middle half▼ 28.9pp-72.0%below the sector's middle half▼ 48.0pp-70.7%below the sector's middle half▲ 1.2pp130.6%above the sector's middle half▲ 201.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €42,745 after a loss of €25,184 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,687
Fixed assets
€7,633 ▼ 50.8%
Current assets
€23,054 =
Equity and liabilities
Equity-€12,180
Debt€42,867
Equity is negative: debt (€42,867) exceeds the balance-sheet total (€30,687).
Key figures and ratios
EBITDA
€48,640▲
2023 · -€20,145
Cash flow
€45,986▲
2023 · -€22,244
Quick ratio
0.00=
2023 · 0.00
Interest coverage
23.12▲
2023 · -10.90
Debt ≤ 1 year
€42,867▼
2023 · €90,836
Income taxes
€551▲
2023 · €250
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,410 | €5,408 | €4,739 | €5,039 | €5,895 | ▲ 17.0% |
| Other operating charges640/8 | - | €1,908 | €1,723 | €875 | €1,451 | ▲ 65.9% |
| Gross operating margin9900 | €13,905 | -€13,654 | -€27,770 | -€19,271 | €50,091 | ▲ 360% |
| Operating profit (loss)9901 | €6,208 | -€20,970 | -€34,232 | -€25,184 | €42,745 | ▲ 270% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | €147 | - | €1 | - | - | - |
| Financial charges65/66B | - | €1,281 | €966 | €1,848 | €2,104 | ▲ 13.8% |
| Recurring financial charges65 | €1,334 | €1,281 | €966 | €1,848 | €2,104 | ▲ 13.8% |
| Profit (loss) for the period before taxes9903 | €5,021 | -€22,251 | -€35,197 | -€27,032 | €40,642 | ▲ 250% |
| Income taxes67/77 | €43 | €653 | - | €250 | €551 | ▲ 120% |
| Profit (loss) for the period9904 | €4,978 | -€22,904 | -€35,197 | -€27,282 | €40,091 | ▲ 247% |
| Profit (loss) for the period to be appropriated9905 | €4,978 | -€22,904 | -€35,197 | -€27,282 | €40,091 | ▲ 247% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,818 | €95,626 | €48,916 | €38,565 | €30,687 | ▼ 20.4% |
| Fixed assets21/28 | €27,557 | €25,289 | €20,550 | €15,511 | €7,633 | ▼ 50.8% |
| Tangible fixed assets22/27 | €25,365 | €23,097 | €18,358 | €13,319 | €5,441 | ▼ 59.1% |
| Land and buildings22 | - | €3,087 | €2,315 | €1,544 | €772 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €6,396 | €5,176 | €3,655 | €2,434 | ▼ 33.4% |
| Furniture and vehicles24 | - | €4,076 | €3,030 | €1,983 | - | - |
| Other tangible fixed assets26 | - | €9,537 | €7,837 | €6,137 | €2,235 | ▼ 63.6% |
| Financial fixed assets28 | €2,192 | €2,192 | €2,192 | €2,192 | €2,192 | = |
| Current assets29/58 | €73,261 | €70,337 | €28,366 | €23,054 | €23,054 | = |
| Stocks and contracts in progress3 | €26,854 | €28,054 | €28,054 | €23,054 | €23,054 | = |
| Stocks30/36 | - | €28,054 | €28,054 | €23,054 | €23,054 | = |
| Amounts receivable within one year40/41 | €46,231 | €32,093 | €312 | - | - | - |
| Trade receivables40 | - | €31,935 | - | - | - | - |
| Other amounts receivable41 | - | €158 | €312 | - | - | - |
| Cash at bank and in hand54/58 | €176 | €10,190 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,818 | €95,626 | €48,916 | €38,565 | €30,687 | ▼ 20.4% |
| Equity10/15 | €33,113 | €10,208 | -€24,988 | -€52,271 | -€12,180 | ▲ 76.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | €25,053 | €2,148 | -€33,048 | -€60,331 | -€20,240 | ▲ 66.5% |
| Amounts payable17/49 | €67,706 | €85,417 | €73,905 | €90,836 | €42,867 | ▼ 52.8% |
| Amounts payable after more than one year17 | €4,179 | €1,414 | - | - | - | - |
| Financial debts170/4 | - | €1,414 | - | - | - | - |
| Amounts payable within one year42/48 | €63,526 | €84,003 | €73,905 | €90,836 | €42,867 | ▼ 52.8% |
| Current portion of amounts payable after more than one year42 | - | €2,764 | €1,411 | - | - | - |
| Financial debts43 | - | - | €1,976 | €1,808 | €1,554 | ▼ 14.0% |
| Credit institutions430/8 | - | - | €1,976 | €1,808 | €1,554 | ▼ 14.0% |
| Trade debts44 | €45,564 | €48,233 | €18,297 | €22,067 | €11,490 | ▼ 47.9% |
| Suppliers440/4 | - | €48,233 | €18,297 | €22,067 | €11,490 | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | €15,330 | €34,732 | €46,329 | €21,238 | ▼ 54.2% |
| Taxes450/3 | - | €2,630 | €5,582 | €9,034 | €7,443 | ▼ 17.6% |
| Remuneration and social security454/9 | - | €12,700 | €29,150 | €37,295 | €13,795 | ▼ 63.0% |
| Other amounts payable47/48 | - | €17,678 | €17,488 | €20,632 | €8,585 | ▼ 58.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,978 | -€22,904 | -€35,197 | -€27,282 | €40,091 | ▲ 247% |
| + Depreciation and write-downs630 | €5,410 | €5,408 | €4,739 | €5,039 | €5,895 | ▲ 17.0% |
| Operating cash flow (approximation) | €10,387 | -€17,497 | -€30,458 | -€22,244 | €45,986 | ▲ 307% |
| Investment in fixed assets (approximation) | - | -€3,139 | €0 | €0 | €1,983 | - |
| Change in cash | - | €10,014 | - | - | - | - |
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
2026
21-09
State Gazette act
Resignation: ALTOVINO Thérèse (director)Appointment: MALISAN Luigi (director) · Director discharge · Share transfer5 facts ▸
State Gazette act
Resignation: ALTOVINO Thérèse (director)
Appointment: MALISAN Luigi (director) · Director discharge · Share transfer5 facts ▸
- General meeting, 31-03-2026
- Director resignation, ALTOVINO Thérèse (director)
- Director discharge, ALTOVINO Thérèse (director)
- Share transfer, ALTOVINO Thérèse → MALISAN Luigi
- Director appointment, MALISAN Luigi (director)
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €40,091
Net result €40,091 after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€35,197
Net result drops to -€35,197, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €4,814
Net result €4,814 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 149 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
MALISAN Luigi
CurrentDirector · since 21-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2011
Ground area
258 m²
Building footprint
123 m²
Volume, LiDAR
1,098 m³
Parcel 22662B0335/00C011, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MGCP
since 20112.199.801.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0335/00C011 | Flanders | 258 m² | 1 · 123 m² | 15.9 m · 4 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MALISAN Luigi |
|
| ALTOVINO Thérèse |
|
Articles of association
Other statement
1st april 2026
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 21-09-2026 ↗
- ALTOVINO Thérèse to MALISAN Luigi 50 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWemmel2.199.801.731
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47551Retail sale of household furniture
47553Retail trade
56210Event catering
56220Contract catering and other food service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.