MGTS
Open bankruptcyA bankruptcy procedure is open for MGTS according to publications in the Belgian State Gazette; curator: SVEN DE MAESENEER.
Summary
The 2023 annual accounts show equity of €688 and a net result of €-73.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-05-2024, 70 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d early
2022
2 d late
2021
60 d late
2020
71 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€432k▼ 17.6%
2022 · €525k
2021: €556k
2022: €525k
2021 → 2023
EBIT margin
1.9%▲ 9.6pp
2022 · -7.7%
2021: 6.0%
2022: -7.7%
2021 → 2023
Net result
€-73▲ 99.8%
2022 · €-43k
2020: €2k
2021: €31k
2022: €-43k
2020 → 2023
Working capital
€-12k▲ 52.3%
2022 · €-24k
2020: €5k
2021: €43k
2022: €-24k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Turnover€556k€525k▼ 5.7%€432k▼ 17.6%
Equity€3k-€44k▲ 1,370%€761▼ 98.3%€688▼ 9.6%
Operating result€-2k-€33k€-41k€8k
Net result€2k-€31k▲ 1,163%€-43k€-73▲ 99.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €8k after a loss of €41k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €14k
Fixed assets
€12k ▼ 51.0%
Current assets
€1k ▼ 96.2%
Equity and liabilities €14k
Equity
€688 ▼ 9.6%
Debt
€13k ▼ 78.7%
Debt's share of the balance-sheet total falls from 98.8% to 94.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▲
2022 · €-32k
Cash flow
€13k▲
2022 · €-34k
Current ratio
0.11▼
2022 · 0.60
ROA
-0.5%▲
2022 · -70.2%
Interest coverage
2.52▲
2022 · -8.91
Debt ≤ 1 year
€13k▼
2022 · €60k
Equity ratios withheld: equity of €688 is too small for a meaningful ratio.
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 · 2023 against 2022 · 48 lines
Balance sheet
Code20222023
Assets
Total assets20/58€61k€14k▼
Fixed assets21/28€25k€12k▼
Intangible fixed assets21€12k€5k▼
Tangible fixed assets22/27€13k€7k▼
Land and buildings22-€5k
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€7k-
Current assets29/58€36k€1k▼
Amounts receivable within one year40/41€36k-
Trade receivables40€28k-
Other amounts receivable41€8k-
Current investments50/53-€19
Cash at bank and in hand54/58€760€898▲
Deferred charges and accrued income490/1-€450
Equity and liabilities
Total equity and liabilities10/49€61k€14k▼
Equity10/15€761€688▼
Contributions10/11€25k€25k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-27k€-27k▼
Amounts payable17/49€60k€13k▼
Amounts payable within one year42/48€60k€13k▼
Financial debts43€10k€10k▼
Credit institutions430/8€10k€10k▼
Trade debts44€23k€2k▼
Suppliers440/4€23k€2k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€28k-
Income statement
Code20222023
Turnover70€525k€432k▼
Goods, raw materials, services and sundry goods60/61€564k€393k▼
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€620€12k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€-28k€39k▲
Operating profit (loss)9901€-41k€8k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Non-recurring financial income76B€18-
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€-43k€-73▲
Profit (loss) for the period9904€-43k€-73▲
Profit (loss) for the period to be appropriated9905€-43k€-73▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-27k▼
Profit (loss) brought forward from the previous period14P€16k€-27k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MGTS BV EMILE DE BECO- LAAN 25, 1050 ELSENE · event 19-05-2026
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Weakest financial yearnet €-43k ▼237%
Net result drops to €-43k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2020net €31k ▲1163%
Operating result €33k, net result €31k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 71 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2019
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.
Emile de Becolaan 251050 ElseneGround area
89 m²
Building footprint
90 m²
Volume, LiDAR
1,240 m³
Parcel 21443C0191/00Z009, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IL CLASSICO
since 20192.302.542.745
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0191/00Z009 | Brussels | 89 m² | 1 · 89 m² | 17.6 m · 5 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 | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
19-05-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.302.542.745
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.