MGTEC
ActiveSummary
MGTEC has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,682 and a net result of €6,081. Equity has been growing by about 48% per year since 2023. Its solvency ranks better than 45% of 21,166 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-01-2023 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.341.521.602 6210 Les Bons Villers, since 20-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Board and ownership
- GÉNION MichaëlDirector
- GÉNION Michaël15 sharesdeed of 24-01-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €14,275
- ▼ 42.4%
- Turnover
- ≈ €76,000
- estimated
- Profit
- €6,081
- ▼ 56.5%
- Equity
- €26,682
- ▲ 2.2%
- Total assets
- €49,527
- ▲ 15.2%
- 2025 accounts filed 22 days after the deadline
Score breakdownlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.61, cash €18,040Size: total assets €49,527Figures for financial year 2025 (filed on 25-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 46% of them on solvency, 56% on liquidity, 46% on profitability and 47% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 24 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 22 days after the deadline Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419591.
Annual accounts 2025 filed on 22-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 53% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €3,220 | €7,291 | €8,241 |
| Depreciation and write-downs of the year | €452 | €1,764 | €3,768 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €452 | €1,764 | €3,768 | ▲ 114% |
| Other operating charges640/8 | €1,976 | €1,499 | €355 | ▼ 76.3% |
| Gross operating margin9900 | €17,783 | €24,797 | €14,275 | ▼ 42.4% |
| Operating profit (loss)9901 | €15,355 | €21,534 | €10,153 | ▼ 52.9% |
| Financial income75/76B | €1 | €46 | €0 | ▼ 99.9% |
| Recurring financial income75 | €1 | €46 | €0 | ▼ 99.9% |
| Financial charges65/66B | €1,519 | €2,854 | €1,796 | ▼ 37.1% |
| Recurring financial charges65 | €1,519 | €2,854 | €1,796 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | €13,838 | €18,726 | €8,357 | ▼ 55.4% |
| Income taxes67/77 | €3,215 | €4,747 | €2,276 | ▼ 52.1% |
| Profit (loss) for the period9904 | €10,622 | €13,979 | €6,081 | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | €10,622 | €13,979 | €6,081 | ▼ 56.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34,373 | €42,983 | €49,527 | ▲ 15.2% |
| Fixed assets21/28 | €2,768 | €8,295 | €12,768 | ▲ 53.9% |
| Tangible fixed assets22/27 | €2,768 | €8,295 | €12,768 | ▲ 53.9% |
| Furniture and vehicles24 | €2,768 | €8,295 | €12,768 | ▲ 53.9% |
| Current assets29/58 | €31,605 | €34,689 | €36,759 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €25,390 | €11,726 | €18,545 | ▲ 58.2% |
| Trade receivables40 | €25,332 | €11,348 | €13,897 | ▲ 22.5% |
| Other amounts receivable41 | €57 | €378 | €4,649 | ▲ 12× |
| Cash at bank and in hand54/58 | €5,227 | €22,963 | €18,040 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | €988 | - | €174 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34,373 | €42,983 | €49,527 | ▲ 15.2% |
| Equity10/15 | €12,122 | €26,101 | €26,682 | ▲ 2.2% |
| Contributions10/11 | €1,500 | €1,500 | - | - |
| Reserves13 | - | - | €1,500 | - |
| Distributable reserves133 | - | - | €1,500 | - |
| Profit (loss) carried forward14 | €10,622 | €24,601 | €25,182 | ▲ 2.4% |
| Amounts payable17/49 | €22,251 | €16,882 | €22,845 | ▲ 35.3% |
| Amounts payable within one year42/48 | €22,251 | €16,882 | €22,845 | ▲ 35.3% |
| Trade debts44 | €4,729 | €628 | €1,411 | ▲ 125% |
| Suppliers440/4 | €4,729 | €628 | €1,411 | ▲ 125% |
| Taxes, remuneration and social security45 | €15,381 | €16,254 | €15,934 | ▼ 2.0% |
| Taxes450/3 | €9,471 | €12,999 | €12,649 | ▼ 2.7% |
| Remuneration and social security454/9 | €5,910 | €3,255 | €3,285 | ▲ 0.9% |
| Other amounts payable47/48 | €2,141 | - | €5,500 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,622 | €13,979 | €6,081 | ▼ 56.5% |
| + Depreciation and write-downs630 | €452 | €1,764 | €3,768 | ▲ 114% |
| Operating cash flow (approximation) | €11,074 | €15,743 | €9,848 | ▼ 37.4% |
| Investment in fixed assets (approximation) | - | -€7,291 | -€8,241 | ▼ 13.0% |
| Change in cash | - | €17,735 | -€4,923 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MGTEC has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MGTEC itself is lower: < 0.1% within 12 months. It rests on far more data about MGTEC than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 39,278 companies, not a prediction for MGTEC. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- GÉNION Michaël 15 shares (100%) · €1,500 in cash
Capital transactions
- 24-01-2023 Incorporation · €1,500 · 15 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d'expertise pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs proportionnellement…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Actions doivent être libérées à leur émission, en cas d'actionnaire unique-administrateur, ce dernier détermine librement les versements…”
Articles of association, deed of 24-01-2023 (in French)
Network & group
MGTEC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MGTEC. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
24-01
Gazette deed
IncorporationFounding capital of €1,500, 15 shares · Founder: GÉNION Michaël · Appointment: GÉNION Michaël (director)7 points ▸
- Incorporation, 20-01-2023
- Founder, GÉNION Michaël
- Founding capital, €1,500, 15 shares
- 15 shares
- Registered office clause, Place de Frasnes 42, 6210 Frasnes-lez-Gosselies
- Board rule, 1
- Director appointment, GÉNION Michaël (director (not named in the articles))
- The deed holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
20 activities
- Toutes activités de consultance et de conseil informatique
- Le commerce de gros d'ordinateurs, d'équipements informatiques périphériques et de logiciels
- La réparation d'ordinateurs et d'équipements périphériques
- Les activités de prépresse
- Le commerce de détail d'ordinateurs, d'unités périphériques et de logiciels en magasin spécialisé
- La programmation informatique
- La gestion d'installations informatiques
- Toutes autres activités informatiques
- Le traitement des données, hébergement et activités connexes
- La production photographique, sauf les activités des photographes de presse
- Les activités de design graphique
- La fabrication d'autres matériels électriques
- La réparation d'ordinateurs et de biens personnels et domestiques
- Les activités d'intermédiaires du commerce en meubles, articles de ménage et quincaillerie
- Les activités d'intermédiaires du commerce en voitures et en véhicules automobiles légers (inférieur à 3,5tonnes)
- Les activités d'intermédiaires du commerce et commerce de gros équipements de véhicules automobiles
- Le commerce de détail d'équipements de véhicules automobiles
- Les activités d'intermédiaires spécialisés dans le commerce d'autres produits spécifiques
- Les activités d'intermédiaires du commerce de produits divers
- Prestations de sous-traitance en matière d'informatique industrielle
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52024C0008/00R000 | Wallonia | 411 m² | 1 · 93 m² | 9.8 m · 3 |