MG CONSULT
ActiveSummary
MG CONSULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €328k and a net result of €37k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+29
Solvency65▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.59 in 2024; short-term debt: 48.3% and cash: 10.1% of total assets), and 60% 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
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
40%
Return on assets
4.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
16 d early
2022
1 d early
2021
47 d early
2020
2 d early
2019
10 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€37k▲ 78.8%
2024 · €21k
2019: €-14k
2020: €-29k
2021: €25k
2022: €31k
2023: €73k
2024: €21k
2019 → 2025
Working capital
€-79k▲ 30.4%
2024 · €-114k
2019: €-110k
2020: €-267k
2021: €-241k
2022: €-208k
2023: €-135k
2024: €-114k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€197k▲ 18.9%€270k▲ 37.1%€291k▲ 7.7%€328k▲ 12.8%
Operating result€27k-€34k▲ 24.1%€73k▲ 116%€43k▼ 40.5%€51k▲ 17.6%
Net result€25k-€31k▲ 22.6%€73k▲ 134%€21k▼ 71.6%€37k▲ 78.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €820k
Fixed assets
€503k ▲ 0.5%
Current assets
€317k ▲ 93.1%
Equity and liabilities €820k
Equity
€328k ▲ 12.8%
Debt
€492k ▲ 31.6%
Debt's share of the balance-sheet total rises from 56.3% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k
Cash flow
€38k
Current ratio
0.80▲
2024 · 0.59
Debt to equity
1.50▲
2024 · 1.29
ROE
11.3%▲
2024 · 7.1%
ROA
4.5%▲
2024 · 3.1%
Interest coverage
84.29
Debt ≤ 1 year
€396k▲
2024 · €278k
Debt > 1 year
€96k=
2024 · €96k
Income taxes
€13k▼
2024 · €23k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€665k€820k▲
Fixed assets21/28€500k€503k▲
Tangible fixed assets22/27€393€3k▲
Plant, machinery and equipment23€393€196▼
Furniture and vehicles24-€3k
Financial fixed assets28€500k€500k=
Current assets29/58€164k€317k▲
Amounts receivable within one year40/41€15k€26k▲
Trade receivables40€6k€15k▲
Other amounts receivable41€9k€11k▲
Current investments50/53€91k€207k▲
Cash at bank and in hand54/58€57k€83k▲
Equity and liabilities
Total equity and liabilities10/49€665k€820k▲
Equity10/15€291k€328k▲
Contributions10/11€21k€21k=
Outside capital11€21k€21k=
Share premium1100/10€21k€21k=
Reserves13€98k€214k▲
Non-distributable reserves130/1€98k€98k=
Reserves not available under the articles1311€6k€6k=
Own shares acquired1312€91k€91k=
Distributable reserves133-€116k
Profit (loss) carried forward14€172k€93k▼
Amounts payable17/49€374k€492k▲
Amounts payable after more than one year17€96k€96k=
Financial debts170/4€96k€96k=
Amounts payable within one year42/48€278k€396k▲
Trade debts44€218k€228k▲
Suppliers440/4€218k€228k▲
Taxes, remuneration and social security45€5€5=
Taxes450/3€5€5=
Other amounts payable47/48€60k€168k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€2k€3k▲
Gross operating margin9900€45k€55k▲
Operating profit (loss)9901€43k€51k▲
Financial charges65/66B€78€619▲
Recurring financial charges65€78€619▲
Profit (loss) for the period before taxes9903€43k€50k▲
Income taxes67/77€23k€13k▼
Profit (loss) for the period9904€21k€37k▲
Profit (loss) for the period to be appropriated9905€21k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€172k€209k▲
Profit (loss) brought forward from the previous period14P€151k€172k▲
Transfer to equity691/2-€116k
To other reserves6921-€116k
The notes to these accounts (7 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2019net €73k ▲134%
Operating result €73k, net result €73k, both a record.
30-06
Financial
Equity above €200kEq €270k ▲37.1%
3 profitable years in a row build equity to €270k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
30-06
Financial
Equity above €150kEq €166k ▲18.2%
Equity rises from €140k to €166k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2013
26-04
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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, Tournai · 1 establishment unit since 2005
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 des Pierrots(MSA) 97542 TournaiGround area
909 m²
Building footprint
222 m²
Volume, LiDAR
1,118 m³
Parcel 57056A0329/00H000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MG CONSULT
since 20052.145.793.616
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57056A0329/00H000 | Wallonia | 909 m² | 1 · 222 m² | 6.2 m · 2 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,614 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 (pre-2019)
Founded02-02-2005
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.