M.G. AUTOMOBILES
ActiveSummary
The computed 12-month bankruptcy probability of M.G. AUTOMOBILES is 1.7% (moderate). The 2025 annual accounts show equity of €35k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 18280 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+3
Solvency39▲+4
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.08 in 2024; short-term debt: 85.9% and cash: 2.4% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
14.1%
Return on assets
7.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €35k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
41 d early
2023
56 d early
2022
52 d early
2021
46 d early
2020
57 d early
← 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
€2.88M▲ 371%
2024 · €611k
2020: €267k
2021: €562k
2022: €447k
2023: €368k
2024: €611k
2020 → 2025
EBIT margin
0.9%=
2024 · 0.9%
2020: 2.9%
2021: 0.8%
2022: -2.3%
2023: 0.2%
2024: 0.9%
2020 → 2025
Net result
€18k▲ 271%
2024 · €5k
2020: €8k
2021: €4k
2022: €-11k
2023: €616
2024: €5k
2020 → 2025
Working capital
€30k▲ 167%
2024 · €11k
2020: €15k
2021: €19k
2022: €9k
2023: €9k
2024: €11k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€562k-€447k▼ 20.4%€368k▼ 17.6%€611k▲ 65.9%€2.88M▲ 371%
Equity€21k-€11k▼ 49.2%€11k▲ 5.7%€16k▲ 43.4%€35k▲ 112%
Operating result€4k-€-10k€777€6k▲ 625%€27k▲ 382%
Net result€4k-€-11k€616€5k▲ 708%€18k▲ 271%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 382% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€5k ▼ 10.1%
Current assets
€243k ▲ 55.7%
Equity and liabilities €248k
Equity
€35k ▲ 112%
Debt
€213k ▲ 47.0%
Debt's share of the balance-sheet total falls from 89.8% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €7k
Cash flow
€20k▲
2024 · €6k
Current ratio
1.14▲
2024 · 1.08
Quick ratio
0.35▼
2024 · 0.37
Debt to equity
6.09▼
2024 · 8.79
ROE
52.8%▲
2024 · 30.2%
ROA
7.5%▲
2024 · 3.1%
Interest coverage
11.99▲
2024 · 10.82
Debt ≤ 1 year
€213k▲
2024 · €145k
Income taxes
€6k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€161k€248k▲
Formation expenses20€0€0=
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€4k€3k▼
Current assets29/58€156k€243k▲
Stocks and contracts in progress3€103k€169k▲
Stocks30/36€103k€169k▲
Amounts receivable within one year40/41€27k€65k▲
Trade receivables40€24k€43k▲
Other amounts receivable41€3k€22k▲
Cash at bank and in hand54/58€25k€6k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€161k€248k▲
Equity10/15€16k€35k▲
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Profit (loss) carried forward14€6k€25k▲
Amounts payable17/49€145k€213k▲
Amounts payable within one year42/48€145k€213k▲
Financial debts43-€38k
Credit institutions430/8-€38k
Trade debts44€22k€30k▲
Suppliers440/4€22k€30k▲
Advances received on contracts in progress46-€11k
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€134€10k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€121k€121k▲
Income statement
Code20242025
Turnover70€611k€2.88M▲
Goods, raw materials, services and sundry goods60/61€603k€2.85M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€9k€38k▲
Operating profit (loss)9901€6k€27k▲
Financial income75/76B€0€12▲
Recurring financial income75€0€12▲
Financial charges65/66B€657€2k▲
Recurring financial charges65€657€2k▲
Profit (loss) for the period before taxes9903€5k€25k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€5k€18k▲
Profit (loss) for the period to be appropriated9905€5k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€25k▲
Profit (loss) brought forward from the previous period14P€1k€6k▲
The notes to these accounts (4 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €18k ▲271%
Operating result €27k, net result €18k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €616
Net result €616 after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-11k ▼389%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Aiseau-Presles · 1 establishment unit since 2020
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.
Rue Président John Kennedy(RO) 1576250 Aiseau-PreslesGround area
374 m²
Building footprint
62 m²
Parcel 52060A0339/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Président John Kennedy(RO) 157, 6250 Aiseau-Presles
since 20202.299.537.230
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52060A0339/00Z000 | Wallonia | 373 m² | 1 · 62 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JET-SET CAR CENTER
BE 0465.015.921
Blégny · Eq €34,919
BST MOTORS
BE 0764.428.591
Kortrijk · Eq €34,929
L2CARS
BE 0798.927.434
Ichtegem · Eq €34,889
Lauravid
BE 1018.960.353
Zwevegem · Eq €34,886
AUTO PRO
BE 0845.018.072
Sint-Pieters-Leeuw · Eq €34,882
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.