MGG PROMO
ActiveMGG PROMO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-72k) and a net result of €127k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+75
Solvency17▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.6 against 2.74 in 2024; short-term debt: 61% and cash: 0.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 14056 sector peers (2025).
NBB · sector comparisonPosition among 14056 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
3 d early
2023
50 d late
2022
85 d late
2021
95 d late
2020
136 d late
2019
89 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€127k
2024 · €-89k
2018: €-9k
2019: €48k
2020: €34k
2021: €87k
2022: €-51k
2023: €-106k
2024: €-89k
2018 → 2025
Working capital
€315k▼ 70.1%
2024 · €1.05M
2018: €197k
2019: €727k
2020: €1.35M
2021: €280k
2022: €1.05M
2023: €1.64M
2024: €1.05M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€-3k€-109k▼ 3,333%€-198k▼ 81.7%€-72k▲ 63.9%
Operating result€166k-€-32k€-78k▼ 147%€-67k▲ 14.4%€145k
Net result€87k-€-51k€-106k▼ 109%€-89k▲ 15.8%€127k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €145k after a loss of €67k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€18k▲ 105%
Current assets
€837k▼ 49.5%
Key figures and ratios
EBITDA
€149k▲
2024 · €-65k
Cash flow
€130k▲
2024 · €-87k
Solvency
-8.4%▲
2024 · -11.9%
Current ratio
1.60▼
2024 · 2.74
Quick ratio
0.03▼
2024 · 0.13
Debt / equity
-12.94▼
2024 · -9.41
ROA
14.8%▲
2024 · -5.3%
Interest coverage
8.04▲
2024 · -3.59
Debt
€928k▼
2024 · €1.87M
Debt ≤ 1 year
€522k▼
2024 · €605k
Debt > 1 year
€405k▼
2024 · €1.26M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.67M€856k▼
Fixed assets21/28€9k€18k▲
Tangible fixed assets22/27€9k€18k▲
Land and buildings22€9k-
Plant, machinery and equipment23-€7k
Furniture and vehicles24€236€11k▲
Financial fixed assets28€50€50=
Current assets29/58€1.66M€837k▼
Stocks and contracts in progress3€1.58M€821k▼
Stocks30/36€1.58M€821k▼
Amounts receivable within one year40/41€46k€7k▼
Trade receivables40€42k€1k▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€28k€6k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.67M€856k▼
Equity10/15€-198k€-72k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-207k€-80k▲
Amounts payable17/49€1.87M€928k▼
Amounts payable after more than one year17€1.26M€405k▼
Financial debts170/4€1.26M€405k▼
Amounts payable within one year42/48€605k€522k▼
Current portion of amounts payable after more than one year42€999€7k▲
Trade debts44€40k€1k▼
Suppliers440/4€40k€1k▼
Advances received on contracts in progress46€353k€5k▼
Taxes, remuneration and social security45€7k€7k=
Taxes450/3€7k€7k=
Other amounts payable47/48€203k€502k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€-37k€152k▲
Operating profit (loss)9901€-67k€145k▲
Financial income75/76B€49-
Recurring financial income75€49-
Financial charges65/66B€18k€19k▲
Recurring financial charges65€18k€19k▲
Profit (loss) for the period before taxes9903€-85k€127k▲
Income taxes67/77€4k-
Profit (loss) for the period9904€-89k€127k▲
Profit (loss) for the period to be appropriated9905€-89k€127k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-207k€-80k▲
Profit (loss) brought forward from the previous period14P€-118k€-207k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €127k
Net result €127k after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 85 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 95 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 136 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
Registered office, Mons · 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.
Rue Allende 1227021 MonsGround area
1,551 m²
Building footprint
223 m²
Volume, LiDAR
1,543 m³
Parcel 53038B0928/00K000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MDG Promo
since 20082.173.252.039
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53038B0928/00K000 | Wallonia | 1,551 m² | 1 · 223 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Stepago
BE 0550.889.625
Brugge · Eq €48k
PATRIMONIALE DE WINTER
BE 0464.982.663
Sprimont · Eq €47k
R D G Rénovations
BE 0892.124.935
Oudergem · Eq €48k
C-YES
BE 0689.777.292
Vorst · Eq €47k
MORTREU GUY PROJECTS
BE 0690.865.573
Gent · Eq €47k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,232 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2008
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:065847728