MJ Group

Active

Private limited companyfounded 20215 yrs activeEik 1, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0767.710.458

The computed 12-month bankruptcy probability of MJ Group is 4.7% (elevated). The 2024 annual accounts show equity of €399k and a net result of €231k. Equity is growing by ~93.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 2924 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

100 / 100

Excellent▲ +11 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+34

Growth78=

Stability94

Bankruptcy probability, 12 months

4.7% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity ample (current ratio 3.07 against 1.26 in 2023), and 31.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

68.5%

Return on assets

39.7%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

30 d early

2023

26 d early

2022

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€399k▲ 138%

2023 · €168k

2022: €84k 2023: €168k

2022 → 2024

Total assets

€583k▲ 34.8%

2023 · €432k

2022: €270k 2023: €432k

2022 → 2024

Net result

€231k▲ 176%

2023 · €84k

2022: €82k 2023: €84k

2022 → 2024

Working capital

€300k▲ 370%

2023 · €64k

2022: €25k 2023: €64k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€84k-€168k▲ 99.8%€399k▲ 138%

Operating result€140k-€154k▲ 9.9%€342k▲ 123%

Net result€82k-€84k▲ 2.3%€231k▲ 176%

Turnover and EBIT margin not published: the abbreviated or 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 123% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €583k

23.5%

76.5%

Fixed assets €137k▲ 10.9%

Current assets €446k▲ 44.3%

Equity and liabilities €583k

68.5%

31.5%

Equity €399k▲ 138%

Debt €184k▼ 30.6%

The debt ratio falls from 61.2% to 31.5%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€371k▲

2023 · €173k

Cash flow

€260k▲

2023 · €103k

Solvency

68.5%▲

2023 · 38.8%

Current ratio

3.07▲

2023 · 1.26

Quick ratio

3.03▲

2023 · 1.23

Debt / equity

0.46▼

2023 · 1.58

ROE

57.9%▲

2023 · 50.0%

ROA

39.7%▲

2023 · 19.4%

Interest coverage

291.86▲

2023 · 6.04

Debt

€184k▼

2023 · €265k

Debt ≤ 1 year

€145k▼

2023 · €245k

Debt > 1 year

€7k▼

2023 · €20k

Income taxes

€116k▲

2023 · €41k

Staff costs

€943k▲

2023 · €803k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€432k€583k▲

Fixed assets21/28€124k€137k▲

Tangible fixed assets22/27€124k€134k▲

Plant, machinery and equipment23€98k€99k▲

Furniture and vehicles24€25k€35k▲

Financial fixed assets28-€3k

Current assets29/58€309k€446k▲

Stocks and contracts in progress3€8k€5k▼

Stocks30/36€8k€5k▼

Amounts receivable within one year40/41€22k€3k▼

Trade receivables40€12k€0▼

Other amounts receivable41€10k€3k▼

Cash at bank and in hand54/58€278k€438k▲

Equity and liabilities

Total equity and liabilities10/49€432k€583k▲

Equity10/15€168k€399k▲

Contributions10/11€2k€2k=

Reserves13€166k€397k▲

Distributable reserves133€166k€397k▲

Amounts payable17/49€265k€184k▼

Amounts payable after more than one year17€20k€7k▼

Financial debts170/4€20k€7k▼

Amounts payable within one year42/48€245k€145k▼

Current portion of amounts payable after more than one year42€12k€13k▲

Trade debts44€80k€21k▼

Suppliers440/4€80k€21k▼

Taxes, remuneration and social security45€150k€110k▼

Taxes450/3€32k€5k▼

Remuneration and social security454/9€117k€104k▼

Other amounts payable47/48€3k€3k▼

Accrued charges and deferred income492/3-€32k

Income statement Code20232024

Remuneration, social security and pensions62€803k€943k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€29k▲

Other operating charges640/8€2k€5k▲

Gross operating margin9900€978k€1.32M▲

Operating profit (loss)9901€154k€342k▲

Financial income75/76B-€6k

Recurring financial income75-€6k

Financial charges65/66B€29k€1k▼

Recurring financial charges65€29k€1k▼

Profit (loss) for the period before taxes9903€125k€347k▲

Income taxes67/77€41k€116k▲

Profit (loss) for the period9904€84k€231k▲

Profit (loss) for the period to be appropriated9905€84k€231k▲

Appropriation of the result

Profit (loss) to be appropriated9906€84k€231k▲

Transfer to equity691/2€84k€231k▲

To other reserves6921€84k€231k▲

Social balance

Average headcount (FTE)9087-19.8

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 4Filings 3

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2022net €231k ▲176%

Operating result €342k, net result €231k, both a record.

31-12

Financial Liquidity doublescurrent ratio 3.07

Current ratio from 1.26 to 3.07; short-term debt falls from €245k to €145k.

31-12

Financial Equity above €200kEq €399k ▲138%

3 profitable years in a row build equity to €399k.

05-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €150kEq €168k ▲99.8%

2 profitable years in a row build equity to €168k.

30-06

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.

Directors · office · real estate

Directors

1 act for this company is 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, Bilzen-Hoeselt · 2 establishment units since 2021

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.

Eik 13740 Bilzen-Hoeselt

Ground area

7,616 m²

Building footprint

3,547 m²

Volume, LiDAR

20,907 m³

3 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Kimpelkaffee

Eikenlaan 27, 3740 Bilzen-HoeseltRetail trade

since 20212.316.886.669

Eikenlaan 29, 3740 Bilzen-Hoeselt

Retail trade

since 20212.319.129.349

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73006H1232/00A000	Flanders	6,305 m²	1 · 2,858 m²	9.4 m · 2 fl.
73006C0400/00G000	Flanders	854 m²	1 · 205 m²	8.7 m · 1 fl.
73006H0901/00H000	Flanders	457 m²	1 · 485 m²	10.8 m · 1 fl.