M.G.A.L
ActiveSummary
The computed 12-month bankruptcy probability of M.G.A.L is 4.4% (elevated). The 2025 annual accounts show equity of €59k and a net result of €25k. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth47
Track record82
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 4.26 against 5.66 in 2024; short-term debt: 22% and cash: 68.1% of total assets), and 22.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.8%
Return on assets
32.8%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
7 d early
2024
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€170k▲ 0.5%
2024 · €169k
2024: €169k
2024 → 2025
EBIT margin
22.0%▼ 1.6pp
2024 · 23.5%
2024: 23.5%
2024 → 2025
Net result
€25k▼ 20.0%
2024 · €31k
2024: €31k
2024 → 2025
Working capital
€54k▲ 74.9%
2024 · €31k
2024: €31k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€169k-€170k▲ 0.5%
Equity€34k-€59k▲ 72.9%
Operating result€40k-€37k▼ 6.2%
Net result€31k-€25k▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€3k ▲ 144%
Current assets
€71k ▲ 88.3%
Equity and liabilities €76k
Equity
€59k ▲ 72.9%
Debt
€17k ▲ 148%
Debt's share of the balance-sheet total rises from 16.5% to 22.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▼
2024 · €40k
Cash flow
€26k▼
2024 · €31k
Current ratio
4.26▼
2024 · 5.66
Debt to equity
0.28▲
2024 · 0.20
ROE
42.2%▼
2024 · 91.2%
ROA
32.8%▼
2024 · 76.1%
Interest coverage
16.35▼
2024 · 591.04
Debt ≤ 1 year
€17k▲
2024 · €7k
Income taxes
€10k▲
2024 · €9k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€41k€76k▲
Formation expenses20€2k€1k▼
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Furniture and vehicles24€372€2k▲
Other tangible fixed assets26€707€1k▲
Financial fixed assets28€310€310=
Current assets29/58€38k€71k▲
Amounts receivable within one year40/41€11k€16k▲
Other amounts receivable41€11k€16k▲
Cash at bank and in hand54/58€23k€51k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€41k€76k▲
Equity10/15€34k€59k▲
Contributions10/11€3k€3k=
Reserves13-€24k
Distributable reserves133-€24k
Profit (loss) carried forward14€31k€32k▲
Amounts payable17/49€7k€17k▲
Amounts payable within one year42/48€7k€17k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€4k€10k▲
Taxes450/3€4k€10k▲
Other amounts payable47/48€89€5k▲
Accrued charges and deferred income492/3€96€97▲
Income statement
Code20242025
Turnover70€169k€170k▲
Goods, raw materials, services and sundry goods60/61€129k€133k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€307€1k▲
Other operating charges640/8€2k€720▼
Gross operating margin9900€42k€39k▼
Operating profit (loss)9901€40k€37k▼
Financial income75/76B€30€0▼
Recurring financial income75€30€0▼
Financial charges65/66B€68€2k▲
Recurring financial charges65€68€2k▲
Profit (loss) for the period before taxes9903€40k€35k▼
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€31k€25k▼
Profit (loss) for the period to be appropriated9905€31k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€56k▲
Profit (loss) brought forward from the previous period14P-€31k
Transfer to equity691/2-€24k
To other reserves6921-€24k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
NBB filing
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, Brussel · 1 establishment unit since 2024
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.
Pagodenlaan 1461020 BrusselGround area
940 m²
Building footprint
628 m²
Volume, LiDAR
9,725 m³
2 parcels, Brussels · tallest building 20.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
M.G.A.L
since 20242.356.464.055
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0402/00A013 | Brussels | 483 m² | 1 · 414 m² | 18.9 m · 5 fl. |
| 21818F0015/00K002 | Brussels | 456 m² | 1 · 214 m² | 20.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2024
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:docteurlalieux@gmail.com