MGL RENOVATION
Open bankruptcyA bankruptcy procedure is open for MGL RENOVATION according to publications in the Belgian State Gazette; curator: Johan MOMMAERTS. The 2022 annual accounts show equity of €6k and a net result of €4k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Equity
€6k▲ 147%
2020 · €2k
2018: €5k
2019: €3k
2020: €2k
2018 → 2022
Total assets
€17k▲ 399%
2020 · €3k
2018: €5k
2019: €4k
2020: €3k
2018 → 2022
Net result
€4k
2020 · €-816
2018: €-82
2019: €-1k
2020: €-816
2018 → 2022
Working capital
€6k▲ 147%
2020 · €2k
2018: €5k
2019: €3k
2020: €2k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202022Trend
Equity€5k-€3k▼ 30.8%€2k▼ 25.4%€6k▲ 147%
Operating result€-242-€-1k▼ 437%€-677▲ 47.9%€4k
Net result€-82-€-1k▼ 1,639%€-816▲ 42.9%€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €4k in 2022, compared with €-677 in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Equity and liabilities €17k
Equity
€6k▲ 147%
Debt
€11k▲ 1,012%
The debt ratio rises from 29.1% to 64.9%. Equity and debt are higher.
Key figures and ratios
Solvency
35.1%
Current ratio
1.54
Quick ratio
1.54
Debt / equity
1.85
ROE
59.5%
ROA
20.9%
Debt
€11k▲
2020 · €981
Debt ≤ 1 year
€11k▲
2020 · €981
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 · 2022 against 2020
Balance sheet
Code20202022
Assets
Total assets20/58€3k€17k▲
Current assets29/58€3k€17k▲
Amounts receivable within one year40/41-€17k
Trade receivables40-€16k
Other amounts receivable41-€969
Cash at bank and in hand54/58€3k€10▼
Equity and liabilities
Total equity and liabilities10/49€3k€17k▲
Equity10/15€2k€6k▲
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Profit (loss) carried forward14€-4k€-296▲
Amounts payable17/49€981€11k▲
Amounts payable within one year42/48€981€11k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45-€9k
Taxes450/3-€990
Remuneration and social security454/9-€8k
Income statement
Code20202022
Gross operating margin9900€-677€4k▲
Operating profit (loss)9901€-677€4k▲
Financial charges65/66B-€108
Recurring financial charges65€139€108▼
Profit (loss) for the period before taxes9903€-816€4k▲
Profit (loss) for the period9904€-816€4k▲
Profit (loss) for the period to be appropriated9905€-816€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-296
Profit (loss) brought forward from the previous period14P-€-4k
Timeline · acts, filings and financial milestones
2026
24-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MGL RENOVATION BV BRUSSELSESTEENWEG 18/A, 1730 ASSE · event 17-02-2026
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 254 days late
2022
30-09
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series.
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
1 establishment unit since 2016
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.
Ground area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MGL RENOVATION
since 20162.330.551.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Johan MOMMAERTS SINT-MAARTENSTRAAT 53,
3000 LEUVEN |
17-02-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2016
Fiscal year end30-09
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.