MGB - AUTOMATIC
MGB - AUTOMATIC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €692k and a net result of €-20k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 75% of 3016 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €692k |
| Net result | €-20k |
| Better than sector | 75% |
| Active | 29 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 58.5% | 26.3% | |
| Net result | €-19k | €4k | |
| Equity | €713k | €32k | |
| Gross operating margin | €3k | €34k | |
| Total assets | €1.22M | €152k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €24k | €-2k | €215k | - | €-82k |
| Net profit | €-20k | €-19k | €256k | €-6k | €51k |
| Cash flow | €21k | €-4k | €265k | - | €51k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | €-51k | - | €36k |
| Dividends | - | - | - | - | - |
| Total assets | €2.10M | €1.22M | €804k | €490k | €618k |
| Equity | €692k | €713k | €732k | €476k | €482k |
| Debt | €1.41M | €506k | €72k | €13k | €135k |
| of which ≤ 1y | €1.41M | €506k | €72k | €13k | €135k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-943k | €-502k | €367k | €19k | €182k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.33 | 0.01 | 6.11 | 2.43 | 2.35 |
| Quick ratio | 0.33 | 0.01 | 6.11 | 2.43 | 2.35 |
| Working capital ratio | -44.8% | -41.2% | 45.7% | 3.9% | 29.5% |
| Solvency | 32.9% | 58.5% | 91.1% | 97.3% | 78.1% |
| Debt / equity | 2.04 | 0.71 | 0.10 | 0.03 | 0.28 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 7.96 | -0.60 | 125.55 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.0% | -1.6% | 31.8% | -1.2% | 8.2% |
| ROE | -2.9% | -2.7% | 34.9% | -1.3% | 10.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | 486d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.10M | €1.22M | €804k | €490k | €618k |
| Fixed assets | 21/28 | €1.63M | €1.21M | €365k | €457k | €300k |
| Tangible fixed assets | 22/27 | €1.63M | €1.21M | €365k | €0 | - |
| Financial fixed assets | 28 | - | - | €0 | €457k | €300k |
| Current assets | 29/58 | €469k | €4k | €439k | €32k | €318k |
| Amounts receivable within one year | 40/41 | €462k | €2k | €6k | €31k | €4k |
| Cash & bank | 54/58 | €7k | €1k | €433k | €1k | €314k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.10M | €1.22M | €804k | €490k | €618k |
| Equity | 10/15 | €692k | €713k | €732k | €476k | €482k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €302k | €302k | €302k | €302k | €302k |
| Accumulated profits (losses) | 14 | €371k | €392k | €411k | €155k | €161k |
| Amounts payable | 17/49 | €1.41M | €506k | €72k | €13k | €135k |
| Amounts payable within one year | 42/48 | €1.41M | €506k | €72k | €13k | €135k |
| Trade debts payable within one year | 44 | €476k | €7k | €67k | €8k | €90k |
| Income statement | ||||||
| Gross operating margin | 9900 | €26k | €3k | €215k | €-6k | €-980 |
| Operating result | 9901 | €-17k | €-17k | €206k | €-6k | €-83k |
| Financial income | 75 | - | €248 | €1 | €159 | €170k |
| Financial charges | 65 | €3k | €3k | €2k | - | - |
| Result before taxes | 9903 | €-20k | €-19k | €205k | €-6k | €87k |
| Income taxes | 67/77 | - | - | €-51k | - | €36k |
| Net result for the period | 9904 | €-20k | €-19k | €256k | €-6k | €51k |
| Result to be appropriated | 9905 | €-20k | €-19k | €256k | €-6k | €51k |
-
Georges BortelsManaging directorState Gazette act 24178275 (19-12-2024)Current19-12-2024 → present
-
Serge BortelsDirectorState Gazette act 24178275 (19-12-2024)Current19-12-2024 → present
-
Georges Florent BORTELSDirectorState Gazette act 23421409 (06-11-2023)Current06-11-2023 → present
-
Marguerite GEERSDirectorState Gazette act 23421409 (06-11-2023)Current06-11-2023 → present
| NACE primary | Sports, amusement and recreation activities(93293) |
| Legal form | Private limited company(610) |
| Incorporation | 13-06-1997 |
| Status | Active |
| Postal code | 4460 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054A0077/00Y000 | Wallonia | 875 m² | 1 · 70 m² | 9.8 m · 3 fl. |
| 62054C0305/00R002 | Wallonia | 753 m² | 1 · 132 m² | 7.9 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-12-2024 2 directors appointed, 2 reappointed
- Serge Bortels, Bestuurder
- Georges Bortels, Gedelegeerd bestuurder
- Georges Bortels, Commissaris
- Maggy Geers, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_renew",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Georges Bortels",
"address": "CHAUSSEE DE LIEGE 211/31 4460 GRACE-HOLLOGNE",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "l\u0027assembl\u00E9e d\u00E9cide de renommer aux fonctions d\u0027administrateurs pour une p\u00E9riode de 6ans: Monsieur Georges Bortels Chauss\u00E9e de Li\u00E8ge 211/31 4460 Gr\u00E1ce-Hollogne",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "6"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "commissaris_renew",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Maggy Geers",
"address": "CHAUSSEE DE LIEGE 211/31 4460 Gr\u00E2ce-Hollogne",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Madame Maggy Geers Chauss\u00E9e de Li\u00E8ge 211/31 4460 Gr\u00E2ce-Hollogne",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": "6"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Serge Bortels",
"address": "rue Sylvain Panis 44, 4367 Crisn\u00E9e",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "l\u0027Assembl\u00E9e d\u00E9cide de nommer \u00E0 titre d\u0027administrateur Monsieur Serge Bortels domicili\u00E9 rue Sylvain Panis 44, 4367 Crisn\u00E9e",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2030"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur d\u00E9l\u00E9gu\u00E9",
"person": {
"rrn": null,
"name": "Georges Bortels",
"address": "CHAUSSEE DE LIEGE 211/31 4460 Gr\u00E1ce-Hollogne",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Monsieur Georges Bortels exercera la fonction d\u0027administrateur d\u00E9l\u00E9gu\u00E9.",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2030"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "DAUSION HEGE",
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2024-12-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-08-27",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0460.855.710",
"name_full": "MGB-AUTOMATIC",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bortels Georges",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}06-11-2023 2 directors appointed
- Georges Florent BORTELS, Bestuurder
- Marguerite GEERS, Bestuurder
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Marguerite GEERS",
"address": "4460 Gr\u00E2ce-Hollogne, Chauss\u00E9e de Li\u00E8ge num\u00E9ro 211/31",
"birth_date": "1944-08-05",
"profession": "retrait\u00E9e",
"birth_place": "Li\u00E8ge"
},
"reason": null,
"subkind": "additional",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Serge Henri BORTELS",
"address": "4460 Gr\u00E2ce-Hollogne, Rue Di\u00E9rains Pr\u00E9s 55",
"birth_date": "1969-10-19",
"profession": null,
"birth_place": "Rocourt"
},
"reason": null,
"subkind": "additional",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Florence Jos\u00E9e Georgette BORTELS",
"address": "4041 Milmort, rue de la Limite, num\u00E9ro 82",
"birth_date": "1974-12-06",
"profession": "employ\u00E9e",
"birth_place": "Rocourt"
},
"reason": null,
"subkind": "additional",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Georges Florent BORTELS",
"address": null,
"birth_date": "1944-01-27",
"profession": null,
"birth_place": "Hasselt"
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marguerite GEERS",
"address": "4460 Gr\u00E2ce-Hollogne, Chauss\u00E9e de Li\u00E8ge num\u00E9ro 211/31",
"birth_date": "1944-08-05",
"profession": "retrait\u00E9e",
"birth_place": "Li\u00E8ge"
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_pending",
"role": "g\u00E9rant",
"person": {
"rrn": null,
"name": "Georges Florent BORTELS",
"address": null,
"birth_date": "1944-01-27",
"profession": null,
"birth_place": "Hasselt"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge au g\u00E9rant d\u00E9missionnaire pour l\u2019ex\u00E9cution de son mandat.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Marguerite GEERS",
"address": "4460 Gr\u00E2ce-Hollogne, Chauss\u00E9e de Li\u00E8ge num\u00E9ro 211/31",
"birth_date": "1944-08-05",
"profession": "retrait\u00E9e",
"birth_place": "Li\u00E8ge"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Serge Henri BORTELS",
"address": "4460 Gr\u00E2ce-Hollogne, Rue Di\u00E9rains Pr\u00E9s 55",
"birth_date": "1969-10-19",
"profession": null,
"birth_place": "Rocourt"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Florence Jos\u00E9e Georgette BORTELS",
"address": "4041 Milmort, rue de la Limite, num\u00E9ro 82",
"birth_date": "1974-12-06",
"profession": "employ\u00E9e",
"birth_place": "Rocourt"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Fran\u00E7oise WERA",
"firm_city": null,
"firm_name": "Fran\u00E7oise WERA, Candice COLLARD, Didier TIMMERMANS",
"office_city": "Saint-Nicolas",
"is_associated": true
},
"act_meta": {
"language": "fr",
"pub_date": "2023-11-06",
"filing_date": "2023-11-02",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-10-16",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0460.855.710",
"name_full": "MGB - AUTOMATIC",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Marguerite GEERS",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}19-07-2022 Registered office moved to GRACE-HOLLOGNE
- Chaussée de Liège 211/31 4460 GRACE-HOLLOGNE
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Chauss\u00E9e de Li\u00E8ge 211/31\n4460 GRACE-HOLLOGNE",
"city": "GRACE-HOLLOGNE",
"region": "waals_gewest",
"street": "Chauss\u00E9e de Li\u00E8ge",
"country": "BE",
"postcode": "4460",
"box_number": null,
"street_number": "211/31",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale ordinaire de la SCRL MGB AUTOMATIC d\u00E9cide de transf\u00E9rer le si\u00E8ge social \u00E0 dater de ce jour, \u00E0 l\u0027adresse ci-apr\u00E8s :",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-07-19",
"filing_date": "2022-05-05",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-05-05",
"unanimous": null
},
"subject_company": {
"kbo": "0460.855.710",
"name_full": "MGB AUTOMATIC",
"legal_form": "SOCIETE COOPERATIVE A RESPONSABILITE LIMITEE"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "BORTELS Georges",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"PV assembl\u00E9e g\u00E9n\u00E9rale ordinaire du 5 mai 2022"
]
}| Legal nameFR | MGB - AUTOMATIC |