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MOG

Active
Private limited companyfounded 20206 yrs activeKortrijksesteenweg 53, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0751.903.319
Summary

MOG has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,479 and a net result of €32,651. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 16765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency28▲+28
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
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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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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 6 years 0 10 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 16765 sector peers (2025).
NBB · sector comparison
Position among 16765 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filings
Deviation from the deadline
2025
2 d late
2024
2 d early
2023
on the day
2022
6 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
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

History

On 7 August 2020, MOG was incorporated as a Private limited company.1 Total assets went from EUR 27,011 in 2022 to EUR 114,191 in 2025 and headcount from 9.4 to 12.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€3,479
2024 · -€29,172
Total assets
€114,191▲ 118%
2024 · €52,387
Net result
€32,651
2024 · -€43,643
Working capital
-€105,446▼ 38.8%
2024 · -€75,944
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€6,434-€17,872-€43,865€33,046
Net result-€6,994below the sector's middle half-€15,465below the sector's middle half-€43,643below the sector's middle half€32,651within the sector's middle half
Equity-€994below the sector's middle half-€14,471below the sector's middle half-€29,172below the sector's middle half€3,479below the sector's middle half
Total assets€27,011below the sector's middle half-€67,705below the sector's middle half▲ 151%€52,387below the sector's middle half▼ 22.6%€114,191below the sector's middle half▲ 118%
Debt€28,005-€53,234▲ 90.1%€81,559▲ 53.2%€110,711▲ 35.7%
Working capital€4,762below the sector's middle half--€49,451below the sector's middle half-€75,944below the sector's middle half▼ 53.6%-€105,446below the sector's middle half▼ 38.8%
Solvency-3.7%below the sector's middle half-21.4%below the sector's middle half▲ 25.1pp-55.7%below the sector's middle half▼ 77.1pp3.0%below the sector's middle half▲ 58.7pp
Current ratio2.37within the sector's middle half-0.07below the sector's middle half▼ 2.300.07below the sector's middle half=0.05below the sector's middle half▼ 0.02
Return on assets (ROA)-25.9%below the sector's middle half-22.8%within the sector's middle half▲ 48.7pp-83.3%below the sector's middle half▼ 106.2pp28.6%within the sector's middle half▲ 111.9pp
Staff (FTE)9.4within the sector's middle half-11▲ 17.0%10.7▼ 2.7%12.3▲ 15.0%
above within below the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000€40,000Operating result 2022: -€6,434-€6,434Net result 2022: -€6,994-€6,994Operating result 2023: €17,872€17,872Net result 2023: €15,465€15,465Operating result 2024: -€43,865-€43,865Net result 2024: -€43,643-€43,643Operating result 2025: €33,046€33,046Net result 2025: €32,651€32,6512022202320242025-€60,000-€40,000-€20,000€0€20,000€40,000Operating result 2023: €17,872€17,900Net result 2023: €15,465€15,500Operating result 2024: -€43,865-€43,900Net result 2024: -€43,643-€43,600Operating result 2025: €33,046€33,000Net result 2025: €32,651€32,700202320242025
The operating result returns to profit in 2025: €33,046 after a loss of €43,865 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,191
Fixed assets €108,925 ▲ 133%
Current assets €5,265 ▼ 6.2%
Equity and liabilities €114,191
Equity €3,479
Debt €110,711
Debt finances 97.0% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€60,874▲
2024 · -€26,714
Cash flow
€60,480▲
2024 · -€26,493
Debt to equity
31.82▲
2024 · -2.80
ROE
938.5%
Interest coverage
154.38▲
2024 · -330.17
Debt ≤ 1 year
€110,711▲
2024 · €81,559
Staff costs
€631,484▲
2024 · €552,289
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.4% went bankrupt
1.9% stopped otherwise
97% still going

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

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% 1.9%
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 875 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€52,387€114,191▲
Fixed assets21/28€46,772€108,925▲
Tangible fixed assets22/27€46,772€108,925▲
Plant, machinery and equipment23€35,267€101,954▲
Furniture and vehicles24€11,505€6,971▼
Current assets29/58€5,615€5,265▼
Amounts receivable within one year40/41€1,200€0▼
Other amounts receivable41€1,200€0▼
Cash at bank and in hand54/58€33€1,841▲
Deferred charges and accrued income490/1€4,382€3,424▼
Equity and liabilities
Total equity and liabilities10/49€52,387€114,191▲
Equity10/15-€29,172€3,479▲
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14-€35,172-€2,521▲
Amounts payable17/49€81,559€110,711▲
Amounts payable within one year42/48€81,559€110,711▲
Financial debts43-€25,135
Credit institutions430/8-€25,135
Trade debts44€17,607€19,771▲
Suppliers440/4€17,607€19,771▲
Taxes, remuneration and social security45€63,952€37,005▼
Remuneration and social security454/9€63,952€37,005▼
Other amounts payable47/48-€28,800
Income statement Code20242025
Remuneration, social security and pensions62€552,289€631,484▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,151€27,828▲
Other operating charges640/8€251€254▲
Gross operating margin9900€525,825€692,612▲
Operating profit (loss)9901-€43,865€33,046▲
Financial income75/76B€302€0▼
Recurring financial income75€302€0▼
Financial charges65/66B€81€394▲
Recurring financial charges65€81€394▲
Profit (loss) for the period before taxes9903-€43,643€32,651▲
Profit (loss) for the period9904-€43,643€32,651▲
Profit (loss) for the period to be appropriated9905-€43,643€32,651▲
Appropriation of the result
Profit (loss) to be appropriated9906-€43,643-€2,521▲
Profit (loss) brought forward from the previous period14P--€35,172
Transfer from equity791/2€8,471€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€870,289€698,806€552,289€631,484▲ 14.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,709€14,714€17,151€27,828▲ 62.3%
Other operating charges640/8€110€364€251€254▲ 1.4%
Gross operating margin9900€869,674€731,755€525,825€692,612▲ 31.7%
Operating profit (loss)9901-€6,434€17,872-€43,865€33,046▲ 175%
Financial income75/76B€104€250€302€0▼ 100%
Recurring financial income75€104€250€302€0▼ 100%
Financial charges65/66B€144€671€81€394▲ 387%
Recurring financial charges65€144€671€81€394▲ 387%
Profit (loss) for the period before taxes9903-€6,474€17,451-€43,643€32,651▲ 175%
Income taxes67/77€520€1,986---
Profit (loss) for the period9904-€6,994€15,465-€43,643€32,651▲ 175%
Profit (loss) for the period to be appropriated9905-€6,994€15,465-€43,643€32,651▲ 175%
Line2022202320242025Change
Assets
Total assets20/58€27,011€67,705€52,387€114,191▲ 118%
Fixed assets21/28€18,771€63,923€46,772€108,925▲ 133%
Tangible fixed assets22/27€18,771€63,923€46,772€108,925▲ 133%
Plant, machinery and equipment23€6,071€46,641€35,267€101,954▲ 189%
Furniture and vehicles24€12,700€17,281€11,505€6,971▼ 39.4%
Current assets29/58€8,240€3,783€5,615€5,265▼ 6.2%
Amounts receivable within one year40/41€2,472€1,200€1,200€0▼ 100%
Trade receivables40€180----
Other amounts receivable41€2,292€1,200€1,200€0▼ 100%
Cash at bank and in hand54/58€3,440€14€33€1,841▲ 5,530%
Deferred charges and accrued income490/1€2,328€2,569€4,382€3,424▼ 21.9%
Equity and liabilities
Total equity and liabilities10/49€27,011€67,705€52,387€114,191▲ 118%
Equity10/15-€994€14,471-€29,172€3,479▲ 112%
Contributions10/11€6,000€6,000€6,000€6,000=
Reserves13-€8,471---
Distributable reserves133-€8,471---
Profit (loss) carried forward14-€6,994--€35,172-€2,521▲ 92.8%
Amounts payable17/49€28,005€53,234€81,559€110,711▲ 35.7%
Amounts payable after more than one year17€22,789----
Financial debts170/4€22,789----
Amounts payable within one year42/48€3,479€53,234€81,559€110,711▲ 35.7%
Financial debts43---€25,135-
Credit institutions430/8---€25,135-
Trade debts44-€24,589€17,607€19,771▲ 12.3%
Suppliers440/4-€24,589€17,607€19,771▲ 12.3%
Taxes, remuneration and social security45€3,479€28,645€63,952€37,005▼ 42.1%
Taxes450/3€3,479€1,986---
Remuneration and social security454/9-€26,659€63,952€37,005▼ 42.1%
Other amounts payable47/48---€28,800-
Accrued charges and deferred income492/3€1,737----
Line2022202320242025Change
Profit (loss) for the period9904-€6,994€15,465-€43,643€32,651▲ 175%
+ Depreciation and write-downs630€5,709€14,714€17,151€27,828▲ 62.3%
Operating cash flow (approximation)-€1,284€30,179-€26,493€60,480▲ 328%
Investment in fixed assets (approximation)--€59,866€0-€89,981-
Change in cash--€3,426€18€1,808▲ 9,770%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
02-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial Back to profitnet €32,651
Net result €32,651 after one loss-making year.
29-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Weakest financial yearnet -€43,643
Net result drops to -€43,643, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Back to profitnet €15,465
Net result €15,465 after one loss-making year.
25-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Sint-Martens-Latem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1,519 m²
Building footprint
341 m²
Volume, LiDAR
2,499 m³
Parcel 44064B1121/00A000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
MOG
Kortrijksesteenweg 53, 9830 Sint-Martens-LatemSpecialist medical practice
since 20202.306.596.058
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B1121/00A000 Flanders 1,518 m² 1 · 340 m² 10.6 m · 3 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.

Structure & network

Owners and holdings

2 owners

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 1,065 EUR awarded · 1,065 EUR paid
Year Entries awardedpaid
2022 1 1,065 EUR1,065 EUR
Schemes
1 entry · 1,065 EUR · 1,065 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 16,629 companies in sector 86220 we hold annual accounts for 7,986. 1,228 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
Founded07-08-2020
Fiscal year end30-06
Activities, NACEBEL 2025
86220Specialist medical practice
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 29 September 2026 · Peppol Directory

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