MG Sanit hvac
Open bankruptcyA bankruptcy procedure is open for MG Sanit hvac according to publications in the Belgian State Gazette; curator: Nick PEETERS.
Summary
The 2024 annual accounts show equity of €14k and a net result of €11k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
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 04-09-2025, 35 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 · 1 filingDeviation from the deadline
2024
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k
Total assets
€49k
Net result
€11k
Working capital
€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €49k
Fixed assets
€23k
Current assets
€26k
Equity and liabilities €49k
Equity
€14k
Debt
€35k
Debt finances 72.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k
Cash flow
€12k
Current ratio
1.64
Quick ratio
1.57
Debt to equity
2.61
ROE
81.6%
ROA
22.6%
Interest coverage
821.78
Debt ≤ 1 year
€16k
Debt > 1 year
€20k
Income taxes
€3k
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet
Code2024
Assets
Total assets20/58€49k
Fixed assets21/28€23k
Tangible fixed assets22/27€23k
Plant, machinery and equipment23€2k
Furniture and vehicles24€22k
Current assets29/58€26k
Stocks and contracts in progress3€1k
Stocks30/36€1k
Amounts receivable within one year40/41€16k
Trade receivables40€10k
Other amounts receivable41€6k
Cash at bank and in hand54/58€3k
Deferred charges and accrued income490/1€5k
Equity and liabilities
Total equity and liabilities10/49€49k
Equity10/15€14k
Contributions10/11€3k
Profit (loss) carried forward14€11k
Amounts payable17/49€35k
Amounts payable after more than one year17€20k
Financial debts170/4€20k
Amounts payable within one year42/48€16k
Current portion of amounts payable after more than one year42€5k
Trade debts44€4k
Suppliers440/4€4k
Taxes, remuneration and social security45€5k
Taxes450/3€3k
Remuneration and social security454/9€2k
Other amounts payable47/48€2k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€613
Gross operating margin9900€14k
Operating profit (loss)9901€14k
Financial income75/76B€8
Recurring financial income75€8
Financial charges65/66B€17
Recurring financial charges65€17
Profit (loss) for the period before taxes9903€14k
Income taxes67/77€3k
Profit (loss) for the period9904€11k
Profit (loss) for the period to be appropriated9905€11k
Appropriation of the result
Profit (loss) to be appropriated9906€11k
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
2025
29-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MG SANIT HVAC BV BERGEN- SESTEENWEG 24/8, 1600 SINT-PIETERS-LEEUW · event 21-10-2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
SignalNBB 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
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.
Ground area
1,766 m²
Building footprint
539 m²
Volume, LiDAR
6,388 m³
2 parcels, Brussels, Flanders · tallest building 27.5 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Jean Volderslaan 3, 1060 Sint-Gillis (bij-Brussel)
since 20242.360.816.880
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 21562A0089/00N000 | Brussels | 128 m² | 1 · 141 m² | 27.5 m · 8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Nick PEETERS ESPLANADE 1 BUS 88, 1020 BRUSSEL 2- |
21-10-2025 → present |
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,088 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
Founded13-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.