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MGR Tech

Active
Private limited companyfounded 2025active for 1 yearRue de Villers(VIN) 18, 4520 Wanze, BelgiumKBO/BCE: BE 1029.254.033

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 22-06-2026 at the NBB

Turnover
≈ €23,000
Estimated: probably between €10,000 and €57,000
Total assets
€42,355
Net result
€4,020
Working capital
€2,669

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €41,375
Fixed assets €5,371
Current assets €36,004
Equity and liabilities €42,355
Equity €9,020
Debt €33,335
Debt's share of the balance-sheet total is 78.7%.
Key figures and ratios
2025 value
EBITDA
€5,614
Cash flow
€4,323
Current ratio
1.08
Debt to equity
3.70
ROE
44.6%
ROA
9.5%
Interest coverage
over 100
Debt ≤ 1 year
€33,335
Income taxes
€1,275

Investments

fixed assets acquired
Item2025
Tangible fixed assets€5,525
Financial fixed assets€106
Depreciation and write-downs of the year€303

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as MGR Tech: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €34,200 and €51,100, founded in 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MGR Tech Wanze2025€42,355€9,020€5,664€4,0202025
BRAINY LOTUS Elsene2025€39,041€802€5,916-€1,1982025
GAVIN SUNDWALL Sint-Genesius-Rode2025€48,504€2,787€5,700€2,7872025
Växa Consult Merelbeke-Melle2025€39,586€2,975€5,705€1,9752025
Karojulo Lille2025€51,136€7,447€5,191€2,6472025
SKYHOP Theux2025€34,215€6,390€4,550€2,3902025
SE SAUVEUR Liège2025€37,480€4,776€7,058€2,2762025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,390 companies had the same profile as MGR Tech has now. Two years later, 1.2% had gone bankrupt and 96.7% were still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MGR Tech itself is lower: < 0.1% within 12 months. It rests on far more data about MGR Tech than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 2,390 companies, not a prediction for MGR Tech. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€42,355
Formation expenses20€980
Fixed assets21/28€5,371
Tangible fixed assets22/27€5,265
Furniture and vehicles24€5,265
Financial fixed assets28€106
Current assets29/58€36,004
Amounts receivable within one year40/41€11,567
Trade receivables40€11,567
Cash at bank and in hand54/58€24,261
Deferred charges and accrued income490/1€176
Equity and liabilities
Total equity and liabilities10/49€42,355
Equity10/15€9,020
Contributions10/11€5,000
Reserves13€3,500
Distributable reserves133€3,500
Profit (loss) carried forward14€520
Amounts payable17/49€33,335
Amounts payable within one year42/48€33,335
Trade debts44€2,550
Suppliers440/4€2,550
Taxes, remuneration and social security45€18,776
Taxes450/3€11,368
Remuneration and social security454/9€7,408
Other amounts payable47/48€12,009
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303
Other operating charges640/8€50
Gross operating margin9900€5,664
Operating profit (loss)9901€5,311
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€5,294
Income taxes67/77€1,275
Profit (loss) for the period9904€4,020
Profit (loss) for the period to be appropriated9905€4,020
Appropriation of the result
Profit (loss) to be appropriated9906€4,020
Transfer to equity691/2€3,500
To other reserves6921€3,500

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303
Other operating charges640/8€50
Gross operating margin9900€5,664
Operating profit (loss)9901€5,311
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€5,294
Income taxes67/77€1,275
Profit (loss) for the period9904€4,020
Profit (loss) for the period to be appropriated9905€4,020
Line2025
Assets
Total assets20/58€42,355
Formation expenses20€980
Fixed assets21/28€5,371
Tangible fixed assets22/27€5,265
Furniture and vehicles24€5,265
Financial fixed assets28€106
Current assets29/58€36,004
Amounts receivable within one year40/41€11,567
Trade receivables40€11,567
Cash at bank and in hand54/58€24,261
Deferred charges and accrued income490/1€176
Equity and liabilities
Total equity and liabilities10/49€42,355
Equity10/15€9,020
Contributions10/11€5,000
Reserves13€3,500
Distributable reserves133€3,500
Profit (loss) carried forward14€520
Amounts payable17/49€33,335
Amounts payable within one year42/48€33,335
Trade debts44€2,550
Suppliers440/4€2,550
Taxes, remuneration and social security45€18,776
Taxes450/3€11,368
Remuneration and social security454/9€7,408
Other amounts payable47/48€12,009
Line2025
Profit (loss) for the period9904€4,020
+ Depreciation and write-downs630€303
Operating cash flow (approximation)€4,323

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 22-06-2026 2026-00189104 NBB

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