MGPH
MGPH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €103k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €128k |
| Net result | €103k |
| Better than sector | 31% |
| Active | 11 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.3% | 29.9% | |
| Net result | €103k | €6k | |
| Equity | €128k | €79k | |
| Gross operating margin | €292k | €41k | |
| Total assets | €1.38M | €416k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €288k | €66k | €-608 | €25k |
| Net profit | €103k | €-105k | €-9k | €-3k |
| Cash flow | €138k | €-74k | €-6k | €75 |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €1.38M | €6.65M | €1.16M | €797k |
| Equity | €128k | €26k | €131k | €140k |
| Debt | €1.25M | €6.63M | €1.03M | €657k |
| of which ≤ 1y | €227k | €5.53M | €898k | €651k |
| of which > 1y | €1.02M | €1.05M | €127k | €2k |
| Working capital | €18k | €144k | €55k | €66k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.08 | 1.03 | 1.06 | 1.10 |
| Quick ratio | 0.75 | 0.27 | 0.21 | 0.19 |
| Working capital ratio | 1.3% | 2.2% | 4.7% | 8.3% |
| Solvency | 9.3% | 0.4% | 11.3% | 17.6% |
| Debt / equity | 9.71 | 255.87 | 7.83 | 4.69 |
| Long-term debt ratio | 7.95 | 40.67 | 0.97 | 0.02 |
| Interest coverage | 1.92 | 0.47 | -0.12 | 1.00 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.5% | -1.6% | -0.8% | -0.3% |
| ROE | 79.8% | -405.5% | -6.9% | -1.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.38M | €6.65M | €1.16M | €797k |
| Fixed assets | 21/28 | €1.13M | €981k | €204k | €80k |
| Intangible fixed assets | 21 | €4k | - | - | - |
| Tangible fixed assets | 22/27 | €1.13M | €917k | €202k | €79k |
| Financial fixed assets | 28 | €2k | €64k | €2k | €2k |
| Current assets | 29/58 | €245k | €5.67M | €952k | €717k |
| Stocks & contracts in progress | 3 | €75k | €4.20M | €766k | €595k |
| Amounts receivable within one year | 40/41 | €87k | €144k | €77k | €30k |
| Cash & bank | 54/58 | €49k | €1.33M | €109k | €92k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.38M | €6.65M | €1.16M | €797k |
| Equity | 10/15 | €128k | €26k | €131k | €140k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €120k | €18k | €123k | €132k |
| Amounts payable | 17/49 | €1.25M | €6.63M | €1.03M | €657k |
| Amounts payable after one year | 17 | €1.02M | €1.05M | €127k | €2k |
| Amounts payable within one year | 42/48 | €227k | €5.53M | €898k | €651k |
| Trade debts payable within one year | 44 | €155k | €833k | €27k | €9k |
| Income statement | |||||
| Gross operating margin | 9900 | €292k | €73k | €6k | €25k |
| Operating result | 9901 | €253k | €35k | €-4k | €22k |
| Financial income | 75 | €9 | €3 | - | - |
| Financial charges | 65 | €150k | €141k | €5k | €25k |
| Result before taxes | 9903 | €103k | €-105k | €-9k | €-3k |
| Net result for the period | 9904 | €103k | €-105k | €-9k | €-3k |
| Result to be appropriated | 9905 | €103k | €-105k | €-9k | €-3k |
| NACE primary | Buying and selling of own real estate(68110) |
| Legal form | Private limited company(610) |
| Incorporation | 01-07-2015 |
| Status | Active |
| Postal code | 1190 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0457/00W004 | Brussels | 926 m² | 1 · 172 m² | 9.7 m · 2 fl. |
| 21007A0040/00D012 | Brussels | 208 m² | 1 · 63 m² | 20.1 m · 5 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-07-2024 Registered office moved to Forest
- 1190 Forest, rue Pierre Decoster, 25
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "1190 Forest, rue Pierre Decoster, 25",
"city": "Forest",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Pierre Decoster",
"country": "BE",
"postcode": "1190",
"box_number": null,
"street_number": "25",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2024-06-28",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Jean S\u00E9bastien Lambin",
"firm_city": null,
"firm_name": "LP \u0026 Co, Notaires associ\u00E9s",
"office_city": "Mettet",
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-07-02",
"filing_date": "2024-06-28",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "assembl\u00E9e g\u00E9n\u00E9rale extraordinaire",
"date": "2024-06-28",
"unanimous": null
},
"subject_company": {
"kbo": "0632.945.091",
"name_full": "MGPH",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "JS LAMBIN",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"Exp\u00E9dition de l\u2019acte du 28 juin 2024",
"procuration(s)"
]
}| Legal nameFR | MGPH |