MG IMMO
ActiveMG IMMO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €214k and a net result of €29k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 51% of 1301 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
76
/ 100
Excellent▼ -24 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-31
Solvency67▼-30
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 2.11 in 2023), but 67.2% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
30 d late
2022
91 d late
2021
61 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k▼ 34.8%
2023 · €45k
2018: €15k
2019: €25k
2020: €18k
2021: €25k
2022: €14k
2023: €45k
2018 → 2024
Working capital
€217k▲ 38.6%
2023 · €157k
2018: €37k
2019: €100k
2020: €232k
2021: €96k
2022: €100k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€125k▲ 9.0%€140k▲ 11.4%€185k▲ 32.4%€214k▲ 15.9%
Operating result€27k-€44k▲ 63.1%€27k▼ 38.6%€79k▲ 194%€44k▼ 44.1%
Net result€18k-€25k▲ 37.8%€14k▼ 43.4%€45k▲ 216%€29k▼ 34.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €653k
Fixed assets
€71k▼ 14.8%
Current assets
€582k▲ 95.7%
Equity and liabilities €653k
Equity
€214k▲ 15.9%
Provisions
€39k▼ 28.8%
Debt
€400k▲ 184%
The debt ratio rises from 37.0% to 61.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€53k▼
2023 · €88k
Cash flow
€38k▼
2023 · €54k
Solvency
32.8%▼
2023 · 48.5%
Current ratio
1.59▼
2023 · 2.11
Quick ratio
0.32▼
2023 · 1.56
Debt / equity
1.87▲
2023 · 0.76
ROE
13.8%▼
2023 · 24.5%
ROA
4.5%▼
2023 · 11.9%
Interest coverage
11.19▲
2023 · 5.74
Debt
€400k▲
2023 · €141k
Debt ≤ 1 year
€365k▲
2023 · €141k
Debt > 1 year
€35k
Income taxes
€12k▼
2023 · €19k
Staff costs
€215
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€381k€653k▲
Fixed assets21/28€83k€71k▼
Tangible fixed assets22/27€83k€70k▼
Land and buildings22€70k€66k▼
Plant, machinery and equipment23€12k€4k▼
Financial fixed assets28€707€707=
Current assets29/58€298k€582k▲
Stocks and contracts in progress3€78k€466k▲
Stocks30/36€78k€466k▲
Amounts receivable within one year40/41€67k€78k▲
Trade receivables40€33k€46k▲
Other amounts receivable41€34k€32k▼
Cash at bank and in hand54/58€152k€38k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€381k€653k▲
Equity10/15€185k€214k▲
Contributions10/11€63k€63k=
Reserves13€51k€76k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€45k€70k▲
Profit (loss) carried forward14€71k€76k▲
Provisions and deferred taxes16€55k€39k▼
Provisions for liabilities and charges160/5€55k€39k▼
Major repairs and maintenance162€55k€39k▼
Amounts payable17/49€141k€400k▲
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Amounts payable within one year42/48€141k€365k▲
Current portion of amounts payable after more than one year42€30k€323k▲
Trade debts44€35k€23k▼
Suppliers440/4€35k€23k▼
Taxes, remuneration and social security45€70k€17k▼
Taxes450/3€70k€17k▼
Other amounts payable47/48€6k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€36k€1k▼
Remuneration, social security and pensions62-€215
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€15k€20k▲
Non-recurring operating charges66A€-10k€-10k=
Gross operating margin9900€94k€63k▼
Operating profit (loss)9901€79k€44k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€15k€5k▼
Recurring financial charges65€15k€5k▼
Profit (loss) for the period before taxes9903€65k€41k▼
Income taxes67/77€19k€12k▼
Profit (loss) for the period9904€45k€29k▼
Profit (loss) for the period to be appropriated9905€45k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€101k▼
Profit (loss) brought forward from the previous period14P€66k€71k▲
Transfer to equity691/2€40k€25k▼
To other reserves6921€40k€25k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Equity above €200kEq €214k ▲15.9%
7 profitable years in a row build equity to €214k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €45k ▲216%
Operating result €79k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲32.4%
6 profitable years in a row build equity to €185k.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet €14k ▼43.4%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.77
Current ratio from 1.56 to 3.77; short-term debt falls from €179k to €84k.
31-12
Financial
Equity above €100kEq €115k ▲19%
3 profitable years in a row build equity to €115k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, La Louvière · 1 establishment unit since 2012
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 de Belle-Vue(L.L) 1607100 La LouvièreGround area
314 m²
Building footprint
116 m²
Parcel 55373B0023/00M010, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Belle-Vue(L.L) 160, 7100 La Louvière
since 20122.214.699.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55373B0023/00M010 | Wallonia | 314 m² | 1 · 116 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
CW
BE 0765.362.167
Begijnendijk · Eq €214k
ROSALIN CONSTRUCT
BE 0645.653.576
Ganshoren · Eq €214k
BLUE CEDAR
BE 0879.166.230
Watermaal-Bosvoorde · Eq €214k
THISSEN Michel
BE 0873.778.770
Welkenraedt · Eq €214k
Bouw- en vloerwerken Carlu
BE 0736.911.770
Tielt · Eq €214k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 11,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2012
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.