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MPG Legal

Active
Private limited companyfounded 2025active for 1 yearElizastraat 117, 1050 Elsene, BelgiumKBO/BCE: BE 1019.870.074
Summary

MPG Legal has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,583 and a net result of €74,583. Its solvency ranks better than 51% of 15,790 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
MPG LegalActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 11-02-2025 Normal situation
Activity
Activities of lawyers NACE 69101
Establishment unit
2.370.329.612 1050 Elsene, since 11-02-2025
Financial year end
31 December
Peppol
Reachable since 06-11-2025
Company details

Board and ownership

Board
Shareholders
  • GEORGIEV Miroslavact of 13-02-2025
Board & ownership

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€104,456
Turnover
≈ €180,000
estimated
Profit
€74,583
Equity
€76,583
Total assets
€132,238
Financials
Score breakdownlowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 2.38, cash €131,987Size: total assets €132,238Equity €76,583 (57.9% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of micro companies in legal and accounting (NACE 69)
Every signal that counts is listed under Signals.
Financial strength
Strong
Solvency 83
equity 57.9% of total assets
Liquidity 80
short-term debt 42.1% · cash 99.8%
Profitability 100
return on assets 56.4%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,094 companies, NACE 69, micro)
Last 24 months 03-2026: 0.3% 04-2026: 0.3%● unchanged vs 03-2026highest value 05-2026: 0.3%● unchanged vs 04-2026highest value 06-2026: < 0.1%▼ -0.3 percentage points vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €7,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.38, above the usual 1.5. Short-term debt is 42.1% and cash 99.8% of total assets. 42.1% of the assets are financed with debt and provisions.
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 69, micro). It does better than 54% of them on solvency, 70% on liquidity and 82% on profitability.

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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
lowers risk · Liquidity: current ratio 2.38, cash €131,987
NBB · annual accounts
lowers risk · Size: total assets €132,238
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €76,583 (57.9% of total assets)
NBB · annual accounts
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 years
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
73 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Recent changes

  1. · Gazette deed IncorporationStarting capital €2,000 · Appointment: GEORGIEV Miroslav (administrateur non statutaire) · Founder: GEORGIEV Miroslav (comparant/fondateur) · Founding capital €2,000, 100 shares
All 2 events

Comparable companies

These companies have the same main activity as MPG Legal: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €116,000 and €141,000, founded between 2024 and 2025.

CompanyTotal assetsGross margin
MPG Legal Elsene€132,238€104,456
Cusanus Legal Elsene€125,241€113,635
MMM Advisory Brussel€133,713€97,220
B.O.B.O. Legal Elsene€140,523€96,285
MVP Legal Elsene€122,839€96,764
Luca FELTRIN LEGAL SERVICES Elsene€125,014€119,696
NICOLAS PAPAGEORGES Elsene€116,163€104,383
Full comparison

Key facts about MPG Legal
What is the company number of MPG Legal?
The company number of MPG Legal is 1019.870.074. The VAT number is the same number with BE in front: BE 1019.870.074.
Where is MPG Legal based?
The registered office is at Elizastraat 117, 1050 Elsene.Company details
What does MPG Legal do?
According to the KBO register, the main activity is activities of lawyers (NACE 69101).
What is the legal form of MPG Legal?
The legal form of MPG Legal is Private limited company (BV).
When was MPG Legal founded?
MPG Legal was founded on 11-02-2025.
Is MPG Legal still active?
Yes, MPG Legal is an active enterprise in the KBO register.
What is the turnover of MPG Legal?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €104,456 and 38 comparable companies (NACE 691). It probably lies between €140,000 and €270,000.Financials
Is MPG Legal profitable?
In financial year 2025, MPG Legal made a profit of €74,583.
Where can I find the annual accounts of MPG Legal?
MPG Legal filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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