MGRco
ActiveSummary
MGRco has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €239k and a net result of €97k. Equity is growing by ~67.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency98▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 2.86 in 2023; short-term debt: 26.7% and cash: 59.6% of total assets), and 27.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
38 d early
2022
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€239k▲ 68.0%
2023 · €142k
2022: €46klowest in 3 years
2023: €142k▲ +210% vs 2022
2024: €239k▲ +68.0% vs 2023highest in 3 years
2022 → 2024
Total assets
€327k▲ 62.8%
2023 · €201k
2022: €71klowest in 3 years
2023: €201k▲ +185% vs 2022
2024: €327k▲ +62.8% vs 2023highest in 3 years
2022 → 2024
Net result
€97k▲ 0.4%
2023 · €96k
2022: €45klowest in 3 years
2023: €96k▲ +115% vs 2022
2024: €97k▲ +0.4% vs 2023highest in 3 years
2022 → 2024
Working capital
€219k▲ 98.9%
2023 · €110k
2022: €21klowest in 3 years
2023: €110k▲ +427% vs 2022
2024: €219k▲ +98.9% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€46k-€142k▲ 210%€239k▲ 68.0%
2022: €46klowest in 3 years
2023: €142k▲ +210% vs 2022
2024: €239k▲ +68.0% vs 2023highest in 3 years
Operating result€56k-€126k▲ 122%€129k▲ 2.8%
2022: €56klowest in 3 years
2023: €126k▲ +122% vs 2022
2024: €129k▲ +2.8% vs 2023highest in 3 years
Net result€45k-€96k▲ 115%€97k▲ 0.4%
2022: €45klowest in 3 years
2023: €96k▲ +115% vs 2022
2024: €97k▲ +0.4% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €327k
Fixed assets
€21k ▼ 33.7%
Current assets
€306k ▲ 81.2%
Equity and liabilities €327k
Equity
€239k ▲ 68.0%
Debt
€89k ▲ 50.4%
Debt's share of the balance-sheet total falls from 29.3% to 27.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▲
2023 · €135k
Cash flow
€107k▲
2023 · €106k
Current ratio
3.50▲
2023 · 2.86
Debt to equity
0.37▼
2023 · 0.42
ROE
40.5%▼
2023 · 67.7%
ROA
29.5%▼
2023 · 47.9%
Interest coverage
46.57▼
2023 · 279.74
Debt ≤ 1 year
€88k▲
2023 · €59k
Income taxes
€31k▲
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€201k€327k▲
Fixed assets21/28€32k€21k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€30k€19k▼
Furniture and vehicles24€30k€19k▼
Financial fixed assets28€225€225=
Current assets29/58€169k€306k▲
Amounts receivable within one year40/41€43k€110k▲
Trade receivables40€43k€71k▲
Other amounts receivable41-€39k
Cash at bank and in hand54/58€124k€195k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€201k€327k▲
Equity10/15€142k€239k▲
Contributions10/11€1k€1k=
Reserves13€141k€237k▲
Distributable reserves133€141k€237k▲
Profit (loss) carried forward14€82€718▲
Amounts payable17/49€59k€89k▲
Amounts payable within one year42/48€59k€88k▲
Financial debts43€1k€367▼
Credit institutions430/8€1k€367▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€55k€85k▲
Taxes450/3€55k€85k▲
Remuneration and social security454/9€200-
Other amounts payable47/48€59€418▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€75€393▲
Gross operating margin9900€135k€140k▲
Operating profit (loss)9901€126k€129k▲
Financial income75/76B€77€2k▲
Recurring financial income75€77€2k▲
Financial charges65/66B€483€3k▲
Recurring financial charges65€483€3k▲
Profit (loss) for the period before taxes9903€125k€127k▲
Income taxes67/77€29k€31k▲
Profit (loss) for the period9904€96k€97k▲
Profit (loss) for the period to be appropriated9905€96k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€141k€97k▼
Profit (loss) brought forward from the previous period14P€45k€82▼
Transfer to equity691/2€141k€96k▼
To other reserves6921€141k€96k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €10k | €11k | ▲ 13.9% |
| Other operating charges640/8 | - | €75 | €393 | ▲ 424% |
| Gross operating margin9900 | €58k | €135k | €140k | ▲ 3.8% |
| Operating profit (loss)9901 | €56k | €126k | €129k | ▲ 2.8% |
| Financial income75/76B | €4 | €77 | €2k | ▲ 1,867% |
| Recurring financial income75 | €4 | €77 | €2k | ▲ 1,867% |
| Financial charges65/66B | €251 | €483 | €3k | ▲ 522% |
| Recurring financial charges65 | €251 | €483 | €3k | ▲ 522% |
| Profit (loss) for the period before taxes9903 | €56k | €125k | €127k | ▲ 1.9% |
| Income taxes67/77 | €11k | €29k | €31k | ▲ 6.9% |
| Profit (loss) for the period9904 | €45k | €96k | €97k | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €45k | €96k | €97k | ▲ 0.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €71k | €201k | €327k | ▲ 62.8% |
| Fixed assets21/28 | €25k | €32k | €21k | ▼ 33.7% |
| Intangible fixed assets21 | €3k | €2k | €2k | ▼ 26.8% |
| Tangible fixed assets22/27 | €22k | €30k | €19k | ▼ 34.5% |
| Furniture and vehicles24 | €22k | €30k | €19k | ▼ 34.5% |
| Financial fixed assets28 | - | €225 | €225 | = |
| Current assets29/58 | €46k | €169k | €306k | ▲ 81.2% |
| Amounts receivable within one year40/41 | €14k | €43k | €110k | ▲ 155% |
| Trade receivables40 | €14k | €43k | €71k | ▲ 65.3% |
| Other amounts receivable41 | - | - | €39k | - |
| Cash at bank and in hand54/58 | €32k | €124k | €195k | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | ▼ 33.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €71k | €201k | €327k | ▲ 62.8% |
| Equity10/15 | €46k | €142k | €239k | ▲ 68.0% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | - | €141k | €237k | ▲ 68.1% |
| Distributable reserves133 | - | €141k | €237k | ▲ 68.1% |
| Profit (loss) carried forward14 | €45k | €82 | €718 | ▲ 780% |
| Amounts payable17/49 | €25k | €59k | €89k | ▲ 50.4% |
| Amounts payable within one year42/48 | €25k | €59k | €88k | ▲ 48.4% |
| Financial debts43 | €395 | €1k | €367 | ▼ 74.8% |
| Credit institutions430/8 | €395 | €1k | €367 | ▼ 74.8% |
| Trade debts44 | €268 | €2k | €2k | ▼ 32.6% |
| Suppliers440/4 | €268 | €2k | €2k | ▼ 32.6% |
| Taxes, remuneration and social security45 | €23k | €55k | €85k | ▲ 54.6% |
| Taxes450/3 | €23k | €55k | €85k | ▲ 55.1% |
| Remuneration and social security454/9 | - | €200 | - | - |
| Other amounts payable47/48 | €2k | €59 | €418 | ▲ 613% |
| Accrued charges and deferred income492/3 | - | - | €1k | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €96k | €97k | ▲ 0.4% |
| + Depreciation and write-downs630 | €1k | €10k | €11k | ▲ 13.9% |
| Operating cash flow (approximation) | €46k | €106k | €107k | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €-17k | €0 | ▲ 100% |
| Change in cash | - | €92k | €71k | ▼ 23.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €97k ▲0.4%
Operating result €129k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €239k ▲68%
3 profitable years in a row build equity to €239k.
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €142k ▲210%
2 profitable years in a row build equity to €142k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2021
Ground area
3,674 m²
Building footprint
1,504 m²
Volume, LiDAR
29,236 m³
Parcel 21018A0172/00M002, Brussels · tallest building 22.8 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MGRco
since 20212.325.381.493
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0172/00M002 | Brussels | 3,674 m² | 1 · 1,504 m² | 22.8 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
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
Mill Lion Dreams
BE 0735.724.511
Herent · Eq €238,694
GD Services
BE 0763.550.544
Eeklo · Eq €238,742
MVDH CONSULTING
BE 0841.252.195
Lummen · Eq €238,768
Klein Schrieken
BE 0761.886.993
Heist-op-den-Berg · Eq €238,771
Wizlab
BE 0634.614.877
Leuven · Eq €238,791
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,119 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.