MGDATA
ActiveSummary
MGDATA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122k and a net result of €5k. Equity is growing by ~96.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-14
Solvency86▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.79 in 2023; short-term debt: 39.2% and cash: 80.8% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
30 d late
2022
30 d late
2021
18 d late
2020
58 d late
2019
110 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 3.8%
2023 · €118k
2018: €4klowest in 7 years
2019: €4k▲ +2.2% vs 2018
2020: €19k▲ +347% vs 2019
2021: €57k▲ +207% vs 2020
2022: €85k▲ +49.4% vs 2021
2023: €118k▲ +38.7% vs 2022
2024: €122k▲ +3.8% vs 2023highest in 7 years
2018 → 2024
Total assets
€201k▼ 17.5%
2023 · €243k
2018: €105k
2019: €95k▼ -9.5% vs 2018lowest in 7 years
2020: €108k▲ +13.5% vs 2019
2021: €157k▲ +45.5% vs 2020
2022: €200k▲ +27.7% vs 2021
2023: €243k▲ +21.4% vs 2022highest in 7 years
2024: €201k▼ -17.5% vs 2023
2018 → 2024
Net result
€5k▼ 86.3%
2023 · €33k
2018: €-22klowest in 7 years
2019: €88▲ +100% vs 2018
2020: €14k▲ +16148% vs 2019
2021: €38k▲ +166% vs 2020highest in 7 years
2022: €28k▼ -26.6% vs 2021
2023: €33k▲ +17.1% vs 2022
2024: €5k▼ -86.3% vs 2023
2018 → 2024
Working capital
€101k▲ 1.6%
2023 · €99k
2018: €-21klowest in 7 years
2019: €-14k▲ +34.1% vs 2018
2020: €17k▲ +221% vs 2019
2021: €56k▲ +228% vs 2020
2022: €79k▲ +42.1% vs 2021
2023: €99k▲ +24.9% vs 2022
2024: €101k▲ +1.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€57k▲ 207%€85k▲ 49.4%€118k▲ 38.7%€122k▲ 3.8%
2020: €19klowest in 5 years
2021: €57k▲ +207% vs 2020
2022: €85k▲ +49.4% vs 2021
2023: €118k▲ +38.7% vs 2022
2024: €122k▲ +3.8% vs 2023highest in 5 years
Operating result€15k-€40k▲ 174%€37k▼ 8.4%€43k▲ 16.0%€6k▼ 85.5%
2020: €15k
2021: €40k▲ +174% vs 2020
2022: €37k▼ -8.4% vs 2021
2023: €43k▲ +16.0% vs 2022highest in 5 years
2024: €6k▼ -85.5% vs 2023lowest in 5 years
Net result€14k-€38k▲ 166%€28k▼ 26.6%€33k▲ 17.1%€5k▼ 86.3%
2020: €14k
2021: €38k▲ +166% vs 2020highest in 5 years
2022: €28k▼ -26.6% vs 2021
2023: €33k▲ +17.1% vs 2022
2024: €5k▼ -86.3% vs 2023lowest in 5 years
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 2024; 2024 is 86% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201k
Fixed assets
€21k ▲ 16.1%
Current assets
€180k ▼ 20.2%
Equity and liabilities €201k
Equity
€122k ▲ 3.8%
Debt
€79k ▼ 37.4%
Debt's share of the balance-sheet total falls from 51.7% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2023 · €46k
Cash flow
€9k▼
2023 · €36k
Current ratio
2.28▲
2023 · 1.79
Debt to equity
0.65▼
2023 · 1.07
ROE
3.7%▼
2023 · 27.9%
ROA
2.2%▼
2023 · 13.5%
Interest coverage
60.47▼
2023 · 324.09
Debt ≤ 1 year
€79k▼
2023 · €126k
Income taxes
€2k▼
2023 · €10k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€243k€201k▼
Fixed assets21/28€18k€21k▲
Tangible fixed assets22/27€18k€21k▲
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€12k€12k▼
Other tangible fixed assets26€175€5k▲
Current assets29/58€225k€180k▼
Amounts receivable within one year40/41€10k€16k▲
Trade receivables40€10k€8k▼
Other amounts receivable41-€8k
Cash at bank and in hand54/58€214k€162k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€243k€201k▼
Equity10/15€118k€122k▲
Contributions10/11€6k€6k=
Reserves13€111k€116k▲
Distributable reserves133€111k€116k▲
Amounts payable17/49€126k€79k▼
Amounts payable within one year42/48€126k€79k▼
Trade debts44€497€268▼
Suppliers440/4€497€268▼
Taxes, remuneration and social security45€26k€3k▼
Taxes450/3€24k€2k▼
Remuneration and social security454/9€2k€1k▼
Other amounts payable47/48€99k€76k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€213-
Gross operating margin9900€46k€10k▼
Operating profit (loss)9901€43k€6k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€142€170▲
Recurring financial charges65€142€170▲
Profit (loss) for the period before taxes9903€43k€6k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€33k€5k▼
Profit (loss) for the period to be appropriated9905€33k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€5k▼
Transfer to equity691/2€33k€5k▼
To other reserves6921€33k€5k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €636 | €644 | €3k | €4k | ▲ 29.6% |
| Other operating charges640/8 | - | - | - | €213 | - | - |
| Gross operating margin9900 | €33k | €41k | €38k | €46k | €10k | ▼ 77.8% |
| Operating profit (loss)9901 | €15k | €40k | €37k | €43k | €6k | ▼ 85.5% |
| Financial income75/76B | - | €6 | - | €0 | €2 | ▲ 10,250% |
| Recurring financial income75 | €0 | €6 | - | €0 | €2 | ▲ 10,250% |
| Financial charges65/66B | - | €138 | €168 | €142 | €170 | ▲ 19.3% |
| Recurring financial charges65 | €247 | €138 | €168 | €142 | €170 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €15k | €40k | €37k | €43k | €6k | ▼ 85.9% |
| Income taxes67/77 | €186 | €2k | €9k | €10k | €2k | ▼ 84.6% |
| Profit (loss) for the period9904 | €14k | €38k | €28k | €33k | €5k | ▼ 86.3% |
| Profit (loss) for the period to be appropriated9905 | €14k | €38k | €28k | €33k | €5k | ▼ 86.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108k | €157k | €200k | €243k | €201k | ▼ 17.5% |
| Fixed assets21/28 | €1k | €811 | €5k | €18k | €21k | ▲ 16.1% |
| Tangible fixed assets22/27 | €1k | €811 | €5k | €18k | €21k | ▲ 16.1% |
| Plant, machinery and equipment23 | - | - | €5k | €6k | €5k | ▼ 24.7% |
| Furniture and vehicles24 | - | €636 | - | €12k | €12k | ▼ 0.9% |
| Other tangible fixed assets26 | - | €175 | €175 | €175 | €5k | ▲ 2,619% |
| Current assets29/58 | €106k | €156k | €195k | €225k | €180k | ▼ 20.2% |
| Amounts receivable within one year40/41 | €26k | €22k | €17k | €10k | €16k | ▲ 58.5% |
| Trade receivables40 | - | €13k | €10k | €10k | €8k | ▼ 17.4% |
| Other amounts receivable41 | - | €9k | €7k | - | €8k | - |
| Cash at bank and in hand54/58 | €80k | €133k | €177k | €214k | €162k | ▼ 24.1% |
| Deferred charges and accrued income490/1 | - | €842 | €902 | €1k | €1k | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108k | €157k | €200k | €243k | €201k | ▼ 17.5% |
| Equity10/15 | €19k | €57k | €85k | €118k | €122k | ▲ 3.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €37k | €51k | €79k | €111k | €116k | ▲ 4.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €49k | €77k | €111k | €116k | ▲ 4.1% |
| Profit (loss) carried forward14 | €-25k | - | - | - | - | - |
| Amounts payable17/49 | €89k | €100k | €116k | €126k | €79k | ▼ 37.4% |
| Amounts payable within one year42/48 | €89k | €100k | €116k | €126k | €79k | ▼ 37.4% |
| Trade debts44 | €1k | €2k | €2k | €497 | €268 | ▼ 46.1% |
| Suppliers440/4 | - | €2k | €2k | €497 | €268 | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | €10k | €17k | €26k | €3k | ▼ 88.5% |
| Taxes450/3 | - | €8k | €15k | €24k | €2k | ▼ 91.8% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €1k | ▼ 49.4% |
| Other amounts payable47/48 | - | €89k | €97k | €99k | €76k | ▼ 24.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €38k | €28k | €33k | €5k | ▼ 86.3% |
| + Depreciation and write-downs630 | €18k | €636 | €644 | €3k | €4k | ▲ 29.6% |
| Operating cash flow (approximation) | €32k | €39k | €29k | €36k | €9k | ▼ 76.2% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €-16k | €-7k | ▲ 56.7% |
| Change in cash | - | €53k | €43k | €37k | €-51k | ▼ 239% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €118k ▲38.7%
5 profitable years in a row build equity to €118k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Highest result since 2018net €38k ▲166%
Net result €38k, the highest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
31-12
Financial
Back to profitnet €88
Net result €88 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
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, Lubbeek · 1 establishment unit since 2004
Ground area
2,647 m²
Building footprint
242 m²
Volume, LiDAR
2,744 m³
2 parcels, Flanders · tallest building 26.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MGDATA
since 20042.137.637.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0056/00R000 | Flanders | 1,850 m² | 1 · 159 m² | 26.7 m · 6 fl. |
| 24051B0099/00F000 | Flanders | 797 m² | 1 · 84 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,472 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
Founded26-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.