MGL GROUP

Active

Private limited companyfounded 20215 yrs activeKapellelaan 92, 1860 Meise, BelgiumKBO/BCE: BE 0766.623.860

Summary

The computed 12-month bankruptcy probability of MGL GROUP is 3.1% (moderate). The 2024 annual accounts show equity of €313,794 and a net result of €54,215. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 66% of 36365 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MGL GROUPActiveChecked score 59/100

Risk analysis Report Compare

What they do

General electrical installation work

NACE 43211

2 sites

How big

€519,147total assets 2024

Staff: 4.5 FTE
Equity: €313,794
Profit: €54,215

Turnover not published (abridged schema)

Financially healthy?

59 Fair Checked score 2024

Bankruptcy chance 12 m: 3.1%

Who decides

Accounts 63 d overdue0 of 3 deeds read

Why 59- Limited track record- Higher-failure-rate sector- Multiple establishment units- Filed more than 90 days lateShow the evidence

Checked score

Score 2024

59 / 100

Fair

A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability82▲+13

Solvency85▲+29

Growth52=

Track record94

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €18,000 at 30 days only on tighter terms

Liquidity ample (current ratio 2.96 against 1.59 in 2023; short-term debt: 32.2% and cash: 1.1% of total assets), and 39.6% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-07-2026, 347 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

347 d late

2023

90 d late

2022

73 d late

2021

50 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 140 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

13-07-26 Annual accounts filedfiscal year 2024 · micro…
29-10-24 Annual accounts filedfiscal year 2023 · micro…
31-12-23 Weakest financial yearnet €1,112 ▼98.6%

Key points

Positive: Result rose in 2024from €1,112 to €54,215 ▲ 4,777% View
Positive: Among the best 9% on equitysector median €58,007 · 36,382 companies €313,794 View
Caution: Accounts not fileddeadline was 31-07-2026 63 d late View