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MLG Group

Active
Private limited companyfounded 20233 yrs activeOude Vijversstraat 55, 1190 Vorst, BelgiumKBO/BCE: BE 0797.880.032
Summary

MLG Group has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,615 and a net result of €7,805. Its solvency ranks better than 32% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

What they do
Computer programming
NACE 62100NACE 62010IT consultancy NACE 62020
1 site
How big
€29,389total assets 2024
Equity
€12,615
Profit
€7,805
Turnover not published (abridged schema)
Financially healthy?
59 Fair Checked score 2024
Bankruptcy chance 12 m
1.1%
Who decides
Accounts filed 153 d late0 of 2 deeds read
Why 59- Limited track record- Higher-failure-rate region- Annual accounts: weaker financial profile- Filed more than 90 days late+ Lower-failure-rate sectorShow the evidence

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency68
Growth-
Track record79
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.62; short-term debt: 57.1% and cash: 69.8% of total assets), but 57.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
42.9%
Return on assets
26.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
153 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 153 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · micro…

Financials

Fiscal year 2024Total assets €29,389Profit €7,805Solvency 42.9%Liquidity 1.62
Total assets
€29,389
2024
Net result
€7,805
2024
Equity
€12,615
2024
Solvency
42.9%
2024

Financials · fiscal year 2024, micro schema

Trend over the years1 fiscal year

Turnover and EBIT margin not published: the micro schema does not require them.

Result and balance sheet2024
Balance-sheet composition
Assets €29,389
Fixed assets €2,167
Current assets €27,222
Equity and liabilities €29,389
Equity €12,615
Debt €16,774
Debt finances 57.1% of the balance-sheet total.
Key figures and ratios2024
Key figures and ratios
2024 value
Current ratio
1.62
Debt to equity
1.33
ROE
61.9%
ROA
26.6%
Debt ≤ 1 year
€16,774
Income taxes
€1,968
Staff costs
€24,896

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2024
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€29,389
Fixed assets21/28€2,167
Financial fixed assets28€2,167
Current assets29/58€27,222
Amounts receivable within one year40/41€6,717
Trade receivables40€6,717
Cash at bank and in hand54/58€20,506
Equity and liabilities
Total equity and liabilities10/49€29,389
Equity10/15€12,615
Contributions10/11€2,000
Profit (loss) carried forward14€10,615
Amounts payable17/49€16,774
Amounts payable within one year42/48€16,774
Trade debts44€919
Suppliers440/4€919
Taxes, remuneration and social security45€14,044
Taxes450/3€4,214
Remuneration and social security454/9€9,831
Other amounts payable47/48€1,811
Income statement Code2024
Remuneration, social security and pensions62€24,896
Other operating charges640/8€56
Gross operating margin9900€34,808
Operating profit (loss)9901€9,855
Financial charges65/66B€83
Recurring financial charges65€83
Profit (loss) for the period before taxes9903€9,772
Income taxes67/77€1,968
Profit (loss) for the period9904€7,805
Profit (loss) for the period to be appropriated9905€7,805
Appropriation of the result
Profit (loss) to be appropriated9906€10,615
Profit (loss) brought forward from the previous period14P€2,810

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€24,896
Other operating charges640/8€56
Gross operating margin9900€34,808
Operating profit (loss)9901€9,855
Financial charges65/66B€83
Recurring financial charges65€83
Profit (loss) for the period before taxes9903€9,772
Income taxes67/77€1,968
Profit (loss) for the period9904€7,805
Profit (loss) for the period to be appropriated9905€7,805
Line2024
Assets
Total assets20/58€29,389
Fixed assets21/28€2,167
Financial fixed assets28€2,167
Current assets29/58€27,222
Amounts receivable within one year40/41€6,717
Trade receivables40€6,717
Cash at bank and in hand54/58€20,506
Equity and liabilities
Total equity and liabilities10/49€29,389
Equity10/15€12,615
Contributions10/11€2,000
Profit (loss) carried forward14€10,615
Amounts payable17/49€16,774
Amounts payable within one year42/48€16,774
Trade debts44€919
Suppliers440/4€919
Taxes, remuneration and social security45€14,044
Taxes450/3€4,214
Remuneration and social security454/9€9,831
Other amounts payable47/48€1,811
Line2024
Profit (loss) for the period9904€7,805
Operating cash flow (approximation)€7,805

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector, comparable size

Of 16,913 companies in this sector we hold annual accounts for 8,787. 4,933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Timeline

1 eventLatest 31-12-2025

History

On 1 February 2023, MLG Group was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

Acts, filings and financial milestones

2025
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
NBB filing
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.

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Support & recognitions

1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations1

Food safety, FASFC

1 site
Ukkelunit no. 2.343.449.625
3 permissions
Toelating · Fabrikant andere dranken · since 11-12-2025
Toelating · Fabrikant limonade · since 11-12-2025
Toelating · Fabrikant voedseladditieven · since 11-12-2025

Company details

Private limited company · founded 01-02-2023Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded01-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797880032
Registered 17-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,769 m²
Building footprint
562 m²
Volume, LiDAR
3,705 m³
2 parcels, Brussels · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
141 companies at this address See who is registered here
1 establishment unit
MLG CONSULT
Stallestraat 254, 1180 UkkelComputer programming, consultancy and related activities
since 2023unit no. 2.343.449.625
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21382C0034/00S006 Brussels 2,633 m² 1 · 433 m² 9.4 m · 2 fl.
21616G0125/00T006 Brussels 136 m² 1 · 130 m² 12.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

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