Equity
€260,027 ▲ 7.7%
MGElec paid out €100,000 in dividends. That is 84% of the 2025 profit.
MGElec
Lifetime
4 annual accounts with figures on one time axispeak €331,149 (2025)
€331,149▲ 4.4%
peak €140,849 (2024)
€118,597▼ 15.8%
peak €260,027 (2025)
€260,027▲ 7.7%
€651,566▲ 51.9%
Board1 name since 2021
1 director
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Dividend €100,000Debts from €429,042 to €651,566Investments €233,984Cash from €233,804 to €306,964
Key points
from the 2025 annual accountsDebts
€651,566 ▲ 51.9%
Debts rose by €222,524 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€233,984 3.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 109.9% higher than in 2024.
Staff
3 employees on 31-12-2025
In 2025, 5 people joined and 4 left.
Filings
4 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€118,597
Higher net result than 93% of companies in electricity, gas and steam. Sector median €6,457 · 261 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,983 companies had the same profile as MGElec has now. Each dot stands for 20 companies, two years later.
94.2%
were still trading
1.9%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,983 companies, not a prediction for MGElec. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0778960181
Incorporation
Founding capital of €12,000, 100 shares · Founder: · Appointment: (director) · published on 24-12-2021 · Gazette deed
First establishment
Rue de Graide, Naomé 25, Bièvre
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGElec Bièvre | €0.9m | €331,149 | 28.5% | - |
| LOESI SAN MANAGEMENT Aalst | €0.8m | €263,183 | 77.4% | - |
| MF Partners Business Martelange | €1.4m | €269,203 | 88.0% | - |
| ARI SAN MANAGEMENT Aalst | €0.5m | €142,236 | 37.0% | - |
| D&B GREEN INVEST Estinnes | €1.2m | €253,654 | 16.8% | - |
| EOLIENNE DE HAMOIS Butgenbach | €1.6m | €156,577 | 6.5% | - |
| ENERDEAL SOLAR INVEST Brussels | €1.2m | €284,646 | 16.0% | - |
These companies have the same main activity as MGElec: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €496,000 and €1.6m, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 22-12-2021Normal situation
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 4 others
- Establishment unit
- 2.325.824.0325555 Bièvre, since 22-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Annual accounts 2025
- ≈ €660,000estimated
- €911,593▲ 36.0%
- Employeeson 31-12-2025
- 3▲ 50.0%
- Filing
- Filed on 30-09-2026
Insights on MGElec
MGElec files the micro format. That format states no turnover. The gross margin rose from €55,099 in 2022 to €331,149 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MGElec
- What is the company number of MGElec?
- The company number of MGElec is 0778.960.181. The VAT number is the same number with BE in front: BE 0778.960.181.
- Where is MGElec based?
- The registered office is at Rue de Graide, Naomé 25A, 5555 Bièvre.Company details
- What does MGElec do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of MGElec?
- MGElec is a private limited company (BV).
- When was MGElec founded?
- MGElec was founded on 22-12-2021.
- Is MGElec still active?
- Yes, MGElec is an active enterprise in the KBO register.
- How many employees does MGElec have?
- MGElec had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MGElec?
- The turnover in financial year 2025 is ≈ €660,000. This figure is estimated from the gross margin of €331,149 and 1,019 comparable companies of the same size. It probably lies between €460,000 and €970,000. It is a rough estimate.
- Is MGElec profitable?
- In financial year 2025, MGElec made a profit of €118,597.
- Where can I find the annual accounts of MGElec?
- MGElec filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MGElec due?
- MGElec must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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