MG Business Solutions
ActiveSummary
MG Business Solutions has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €22k. Its solvency ranks better than 39% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency67
Growth-
Track record67
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.78; short-term debt: 25.1% and cash: 29.3% of total assets), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42%
Return on assets
37.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€155k
EBIT margin
21.6%
Net result
€22k
Working capital
€11k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €58k
Fixed assets
€32k
Current assets
€26k
Equity and liabilities €58k
Equity
€24k
Debt
€34k
Debt finances 58.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€41k
Cash flow
€29k
Current ratio
1.78
Debt to equity
1.38
ROE
89.8%
ROA
37.7%
Interest coverage
32.01
Debt ≤ 1 year
€15k
Debt > 1 year
€19k
Income taxes
€10k
Staff costs
€5k
Filed annual accounts As filed with the NBB · 2024 · 59 lines
Balance sheet
Code2024
Assets
Total assets20/58€58k
Fixed assets21/28€32k
Tangible fixed assets22/27€31k
Plant, machinery and equipment23€1k
Furniture and vehicles24€30k
Financial fixed assets28€900
Current assets29/58€26k
Amounts receivable within one year40/41€9k
Other amounts receivable41€9k
Cash at bank and in hand54/58€17k
Equity and liabilities
Total equity and liabilities10/49€58k
Equity10/15€24k
Contributions10/11€3k
Capital10€3k
Issued capital100€3k
Uncalled capital101€0
Reserves13€22k
Non-distributable reserves130/1€22k
Legal reserve130€250
Other1319€22k
Amounts payable17/49€34k
Amounts payable after more than one year17€19k
Financial debts170/4€19k
Amounts payable within one year42/48€15k
Current portion of amounts payable after more than one year42€8k
Financial debts43€0
Credit institutions430/8€0
Other loans439€0
Trade debts44€5
Suppliers440/4€5
Bills of exchange payable441€0
Advances received on contracts in progress46€0
Taxes, remuneration and social security45€7k
Taxes450/3€7k
Remuneration and social security454/9€0
Other amounts payable47/48€0
Accrued charges and deferred income492/3€0
Income statement
Code2024
Turnover70€155k
Goods, raw materials, services and sundry goods60/61€109k
Remuneration, social security and pensions62€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€501
Non-recurring operating charges66A€0
Gross operating margin9900€47k
Operating profit (loss)9901€33k
Financial income75/76B€51
Recurring financial income75€51
Financial charges65/66B€1k
Recurring financial charges65€1k
Profit (loss) for the period before taxes9903€32k
Income taxes67/77€10k
Profit (loss) for the period9904€22k
Profit (loss) for the period to be appropriated9905€22k
Appropriation of the result
Profit (loss) to be appropriated9906€22k
Transfer to equity691/2€22k
To the legal reserve6920€250
To other reserves6921€22k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
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, Lokeren · 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.
Rechtstraat 3319160 LokerenGround area
1,724 m²
Building footprint
40 m²
Volume, LiDAR
125 m³
Parcel 46007D0622/00B000, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MG Business Solutions
since 20242.357.439.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D0622/00B000 | Flanders | 1,724 m² | 1 · 39 m² | 3.2 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,136 EUR awarded · 1,136 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 414 EUR | 414 EUR |
| 2024 | 1 | 722 EUR | 722 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
8945003MVOECKWYAOA84
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 32,695 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
Founded09-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@mgeerts.com
Phone:0495573025