MG Enterprises
InactiveInactive since 18-07-2026; last annual accounts for fiscal year 2026. Dissolved and wound up in a single deed on 30-06-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year €-9k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 399 sector peers (2026).
NBB · sector comparisonPosition among 399 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 27-07-2026, 188 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
188 d early
2025
86 d early
2024
50 d early
2023
69 d early
2022
55 d early
2021
77 d early
2020
9 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2026, micro schema
Equity
€0▼ 100%
2025 · €409k
2019: €184k
2020: €286k▲ +55.2% vs 2019
2021: €245k▼ -14.2% vs 2020
2022: €179k▼ -27.2% vs 2021
2023: €363k▲ +103% vs 2022
2024: €461k▲ +27.0% vs 2023highest in 8 years
2025: €409k▼ -11.1% vs 2024
2026: €0▼ -100% vs 2025lowest in 8 years
2019 → 2026
Total assets
€401k▼ 16.8%
2025 · €482k
2019: €249klowest in 8 years
2020: €413k▲ +65.7% vs 2019
2021: €430k▲ +4.2% vs 2020
2022: €282k▼ -34.4% vs 2021
2023: €464k▲ +64.6% vs 2022
2024: €548k▲ +18.0% vs 2023highest in 8 years
2025: €482k▼ -12.0% vs 2024
2026: €401k▼ -16.8% vs 2025
2019 → 2026
Net result
€-9k▲ 83.2%
2025 · €-51k
2019: €-182
2020: €102k▲ +56033% vs 2019
2021: €40k▼ -60.8% vs 2020
2022: €-67k▼ -267% vs 2021lowest in 8 years
2023: €184k▲ +376% vs 2022highest in 8 years
2024: €98k▼ -46.7% vs 2023
2025: €-51k▼ -152% vs 2024
2026: €-9k▲ +83.2% vs 2025
2019 → 2026
Working capital
€-47k
2025 · €378k
2019: €244k
2020: €331k▲ +35.7% vs 2019
2021: €295k▼ -10.9% vs 2020
2022: €233k▼ -20.8% vs 2021
2023: €418k▲ +79.0% vs 2022highest in 8 years
2024: €399k▼ -4.4% vs 2023
2025: €378k▼ -5.4% vs 2024
2026: €-47k▼ -112% vs 2025lowest in 8 years
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€179k-€363k▲ 103%€461k▲ 27.0%€409k▼ 11.1%€0▼ 100%
2022: €179k
2023: €363k▲ +103% vs 2022
2024: €461k▲ +27.0% vs 2023highest in 5 years
2025: €409k▼ -11.1% vs 2024
2026: €0▼ -100% vs 2025lowest in 5 years
Operating result€-72k-€242k€137k▼ 43.1%€-54k€-11k▲ 80.4%
2022: €-72klowest in 5 years
2023: €242k▲ +436% vs 2022highest in 5 years
2024: €137k▼ -43.1% vs 2023
2025: €-54k▼ -139% vs 2024
2026: €-11k▲ +80.4% vs 2025
Net result€-67k-€184k€98k▼ 46.7%€-51k€-9k▲ 83.2%
2022: €-67klowest in 5 years
2023: €184k▲ +376% vs 2022highest in 5 years
2024: €98k▼ -46.7% vs 2023
2025: €-51k▼ -152% vs 2024
2026: €-9k▲ +83.2% vs 2025
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2026 against €54k in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €401k
Fixed assets
€47k ▼ 49.0%
Current assets
€354k ▼ 9.2%
Key figures and ratios
EBITDA
€13k▲
2025 · €-24k
Cash flow
€15k▲
2025 · €-21k
Solvency
0.0%▼
2025 · 85.0%
Current ratio
0.88▼
2025 · 32.89
ROA
-2.1%▲
2025 · -10.6%
Interest coverage
243.45▲
2025 · -675.58
Debt
€401k▲
2025 · €12k
Debt ≤ 1 year
€401k▲
2025 · €12k
Income taxes
€442▲
2025 · €385
Staff costs
€1k▼
2025 · €14k
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 · 2026 against 2025 · 50 lines
Balance sheet
Code20252026
Assets
Total assets20/58€482k€401k▼
Fixed assets21/28€92k€47k▼
Tangible fixed assets22/27€92k€47k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€84k€41k▼
Current assets29/58€390k€354k▼
Amounts receivable within one year40/41€18k€0▼
Trade receivables40€14k€0▼
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€370k€354k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€482k€401k▼
Equity10/15€409k€0▼
Contributions10/11€19k€0▼
Reserves13€427k€0▼
Distributable reserves133€427k€0▼
Profit (loss) carried forward14€-36k€0▲
Provisions and deferred taxes16€61k€0▼
Provisions for liabilities and charges160/5€61k€0▼
Other liabilities and charges164/5€61k€0▼
Amounts payable17/49€12k€401k▲
Amounts payable within one year42/48€12k€401k▲
Trade debts44€9k€0▼
Suppliers440/4€9k€0▼
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48-€401k
Income statement
Code20252026
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€14k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€23k▼
Other operating charges640/8€700€4k▲
Non-recurring operating charges66A-€22k
Gross operating margin9900€-9k€40k▲
Operating profit (loss)9901€-54k€-11k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€36€52▲
Recurring financial charges65€36€52▲
Profit (loss) for the period before taxes9903€-51k€-8k▲
Income taxes67/77€385€442▲
Profit (loss) for the period9904€-51k€-9k▲
Profit (loss) for the period to be appropriated9905€-51k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-45k▼
Profit (loss) brought forward from the previous period14P€15k€-36k▼
Transfer from equity791/2-€427k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€382k
Return on contributions (dividend)694-€382k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9k | €0 | - | - |
| Remuneration, social security and pensions62 | €45k | €38k | €42k | €14k | €1k | ▼ 90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €5k | €23k | €30k | €23k | ▼ 21.9% |
| Other operating charges640/8 | €2k | €2k | €1k | €700 | €4k | ▲ 478% |
| Non-recurring operating charges66A | - | - | - | - | €22k | - |
| Gross operating margin9900 | €-18k | €287k | €204k | €-9k | €40k | ▲ 522% |
| Operating profit (loss)9901 | €-72k | €242k | €137k | €-54k | €-11k | ▲ 80.4% |
| Financial income75/76B | €38 | €0 | €693 | €3k | €3k | ▼ 26.0% |
| Recurring financial income75 | €38 | €0 | €693 | €3k | €3k | ▼ 26.0% |
| Financial charges65/66B | €213 | €72 | €43 | €36 | €52 | ▲ 44.5% |
| Recurring financial charges65 | €213 | €72 | €43 | €36 | €52 | ▲ 44.5% |
| Profit (loss) for the period before taxes9903 | €-72k | €242k | €138k | €-51k | €-8k | ▲ 83.9% |
| Income taxes67/77 | €-5k | €58k | €40k | €385 | €442 | ▲ 14.9% |
| Profit (loss) for the period9904 | €-67k | €184k | €98k | €-51k | €-9k | ▲ 83.2% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €184k | €98k | €-51k | €-9k | ▲ 83.2% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282k | €464k | €548k | €482k | €401k | ▼ 16.8% |
| Fixed assets21/28 | €6k | €6k | €122k | €92k | €47k | ▼ 49.0% |
| Tangible fixed assets22/27 | €6k | €6k | €122k | €92k | €47k | ▼ 49.0% |
| Plant, machinery and equipment23 | - | - | €11k | €8k | €6k | ▼ 28.5% |
| Furniture and vehicles24 | €6k | €925 | €112k | €84k | €41k | ▼ 51.0% |
| Assets under construction and advance payments27 | - | €5k | €0 | - | - | - |
| Current assets29/58 | €276k | €459k | €426k | €390k | €354k | ▼ 9.2% |
| Amounts receivable within one year40/41 | €16k | €37k | €15k | €18k | €0 | ▼ 100% |
| Trade receivables40 | €9k | €35k | €2k | €14k | €0 | ▼ 100% |
| Other amounts receivable41 | €7k | €1k | €13k | €4k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €258k | €419k | €409k | €370k | €354k | ▼ 4.3% |
| Deferred charges and accrued income490/1 | €3k | €3k | €2k | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282k | €464k | €548k | €482k | €401k | ▼ 16.8% |
| Equity10/15 | €179k | €363k | €461k | €409k | €0 | ▼ 100% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €0 | ▼ 100% |
| Reserves13 | €145k | €329k | €427k | €427k | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €143k | €327k | €427k | €427k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €15k | €15k | €15k | €-36k | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €61k | €61k | €61k | €61k | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €61k | €61k | €61k | €61k | €0 | ▼ 100% |
| Other liabilities and charges164/5 | €61k | €61k | €61k | €61k | €0 | ▼ 100% |
| Amounts payable17/49 | €43k | €41k | €27k | €12k | €401k | ▲ 3,284% |
| Amounts payable within one year42/48 | €43k | €41k | €27k | €12k | €401k | ▲ 3,284% |
| Trade debts44 | €20k | €9k | €10k | €9k | €0 | ▼ 100% |
| Suppliers440/4 | €20k | €9k | €10k | €9k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €23k | €25k | €17k | €2k | €0 | ▼ 100% |
| Taxes450/3 | €10k | €19k | €10k | €2k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €13k | €7k | €7k | €0 | - | - |
| Other amounts payable47/48 | €0 | €6k | €0 | - | €401k | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €184k | €98k | €-51k | €-9k | ▲ 83.2% |
| + Depreciation and write-downs630 | €7k | €5k | €23k | €30k | €23k | ▼ 21.9% |
| Operating cash flow (approximation) | €-60k | €189k | €121k | €-21k | €15k | ▲ 169% |
| Investment in fixed assets (approximation) | - | €-5k | €-140k | €0 | €22k | - |
| Change in cash | - | €161k | €-10k | €-39k | €-16k | ▲ 59.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
29-07
State Gazette act
Resignations & appointments · End & cessationResignation: GOOSSENS Michel (director) · Approval · Director discharge7 facts ▸
State Gazette act
Resignations & appointments · End & cessation
Resignation: GOOSSENS Michel (director) · Approval · Director discharge7 facts ▸
- General meeting, 30/06/2026
- Approval, 30/06/2026
- Director discharge, GOOSSENS Michel
- Dissolution, 30-06-2026
- Liquidation closure, 30/06/2026
- Director resignation, GOOSSENS Michel (director)
- Power of attorney, GOOSSENS Michel
27-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 32.89
Current ratio from 16.03 to 32.89; short-term debt falls from €27k to €12k.
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €184k
Net result €184k after one loss-making year.
30-06
Financial
Equity above €200kEq €363k ▲103%
Equity rises from €179k to €363k.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1378 days late
30-06
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
30-06
Financial
Back to profitnet €102k
Net result €102k after one loss-making year.
30-06
Financial
Equity above €200kEq €286k ▲55.2%
Equity rises from €184k to €286k.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-07-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen
Ground area
543 m²
Building footprint
417 m²
Volume, LiDAR
12,114 m³
Parcel 11303B0349/00F004, Flanders · tallest building 31.4 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0349/00F004 | Flanders | 543 m² | 1 · 416 m² | 31.4 m · 10 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2007
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.