MGCP
ActiveSummary
The computed 12-month bankruptcy probability of MGCP is 2.2% (moderate). The 2024 annual accounts show negative equity (€-12k) and a net result of €40k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 18936 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.25 in 2023; short-term debt: 139.7% of total assets), and equity is negative.
Credit check 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-39.7%
Return on assets
130.6%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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
5 d late
2023
27 d late
2022
56 d early
2021
30 d late
2020
17 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-12k▲ 76.7%
2023 · €-52k
2018: €23k
2019: €28k▲ +20.6% vs 2018
2020: €33k▲ +17.7% vs 2019highest in 7 years
2021: €10k▼ -69.2% vs 2020
2022: €-25k▼ -345% vs 2021
2023: €-52k▼ -109% vs 2022lowest in 7 years
2024: €-12k▲ +76.7% vs 2023
2018 → 2024
Total assets
€31k▼ 20.4%
2023 · €39k
2018: €65k
2019: €111k▲ +70.3% vs 2018highest in 7 years
2020: €101k▼ -9.2% vs 2019
2021: €96k▼ -5.2% vs 2020
2022: €49k▼ -48.8% vs 2021
2023: €39k▼ -21.2% vs 2022
2024: €31k▼ -20.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€40k
2023 · €-27k
2018: €-7k
2019: €5k▲ +167% vs 2018
2020: €5k▲ +3.4% vs 2019
2021: €-23k▼ -560% vs 2020
2022: €-35k▼ -53.7% vs 2021lowest in 7 years
2023: €-27k▲ +22.5% vs 2022
2024: €40k▲ +247% vs 2023highest in 7 years
2018 → 2024
Working capital
€-20k▲ 70.8%
2023 · €-68k
2018: €-18k
2019: €-5k▲ +73.7% vs 2018
2020: €10k▲ +301% vs 2019highest in 7 years
2021: €-14k▼ -240% vs 2020
2022: €-46k▼ -233% vs 2021
2023: €-68k▼ -48.8% vs 2022lowest in 7 years
2024: €-20k▲ +70.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€10k▼ 69.2%€-25k€-52k▼ 109%€-12k▲ 76.7%
2020: €33khighest in 5 years
2021: €10k▼ -69.2% vs 2020
2022: €-25k▼ -345% vs 2021
2023: €-52k▼ -109% vs 2022lowest in 5 years
2024: €-12k▲ +76.7% vs 2023
Operating result€6k-€-21k€-34k▼ 63.2%€-25k▲ 26.4%€43k
2020: €6k
2021: €-21k▼ -438% vs 2020
2022: €-34k▼ -63.2% vs 2021lowest in 5 years
2023: €-25k▲ +26.4% vs 2022
2024: €43k▲ +270% vs 2023highest in 5 years
Net result€5k-€-23k€-35k▼ 53.7%€-27k▲ 22.5%€40k
2020: €5k
2021: €-23k▼ -560% vs 2020
2022: €-35k▼ -53.7% vs 2021lowest in 5 years
2023: €-27k▲ +22.5% vs 2022
2024: €40k▲ +247% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €43k after a loss of €25k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €31k
Fixed assets
€8k ▼ 50.8%
Current assets
€23k =
Key figures and ratios
EBITDA
€49k▲
2023 · €-20k
Cash flow
€46k▲
2023 · €-22k
Solvency
-39.7%▲
2023 · -135.5%
Current ratio
0.54▲
2023 · 0.25
Quick ratio
0.00=
2023 · 0.00
Debt to equity
-3.52▼
2023 · -1.74
ROA
130.6%▲
2023 · -70.7%
Interest coverage
23.12▲
2023 · -10.90
Debt
€43k▼
2023 · €91k
Debt ≤ 1 year
€43k▼
2023 · €91k
Income taxes
€551▲
2023 · €250
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€39k€31k▼
Fixed assets21/28€16k€8k▼
Tangible fixed assets22/27€13k€5k▼
Land and buildings22€2k€772▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€2k-
Other tangible fixed assets26€6k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€23k€23k=
Stocks and contracts in progress3€23k€23k=
Stocks30/36€23k€23k=
Equity and liabilities
Total equity and liabilities10/49€39k€31k▼
Equity10/15€-52k€-12k▲
Contributions10/11€6k€8k▲
Reserves13€2k-
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Profit (loss) carried forward14€-60k€-20k▲
Amounts payable17/49€91k€43k▼
Amounts payable within one year42/48€91k€43k▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€22k€11k▼
Suppliers440/4€22k€11k▼
Taxes, remuneration and social security45€46k€21k▼
Taxes450/3€9k€7k▼
Remuneration and social security454/9€37k€14k▼
Other amounts payable47/48€21k€9k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€875€1k▲
Gross operating margin9900€-19k€50k▲
Operating profit (loss)9901€-25k€43k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-27k€41k▲
Income taxes67/77€250€551▲
Profit (loss) for the period9904€-27k€40k▲
Profit (loss) for the period to be appropriated9905€-27k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-20k▲
Profit (loss) brought forward from the previous period14P€-33k€-60k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €5k | €6k | ▲ 17.0% |
| Other operating charges640/8 | - | €2k | €2k | €875 | €1k | ▲ 65.9% |
| Gross operating margin9900 | €14k | €-14k | €-28k | €-19k | €50k | ▲ 360% |
| Operating profit (loss)9901 | €6k | €-21k | €-34k | €-25k | €43k | ▲ 270% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | €147 | - | €1 | - | - | - |
| Financial charges65/66B | - | €1k | €966 | €2k | €2k | ▲ 13.8% |
| Recurring financial charges65 | €1k | €1k | €966 | €2k | €2k | ▲ 13.8% |
| Profit (loss) for the period before taxes9903 | €5k | €-22k | €-35k | €-27k | €41k | ▲ 250% |
| Income taxes67/77 | €43 | €653 | - | €250 | €551 | ▲ 120% |
| Profit (loss) for the period9904 | €5k | €-23k | €-35k | €-27k | €40k | ▲ 247% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-23k | €-35k | €-27k | €40k | ▲ 247% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €96k | €49k | €39k | €31k | ▼ 20.4% |
| Fixed assets21/28 | €28k | €25k | €21k | €16k | €8k | ▼ 50.8% |
| Tangible fixed assets22/27 | €25k | €23k | €18k | €13k | €5k | ▼ 59.1% |
| Land and buildings22 | - | €3k | €2k | €2k | €772 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €6k | €5k | €4k | €2k | ▼ 33.4% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | - | - |
| Other tangible fixed assets26 | - | €10k | €8k | €6k | €2k | ▼ 63.6% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €73k | €70k | €28k | €23k | €23k | = |
| Stocks and contracts in progress3 | €27k | €28k | €28k | €23k | €23k | = |
| Stocks30/36 | - | €28k | €28k | €23k | €23k | = |
| Amounts receivable within one year40/41 | €46k | €32k | €312 | - | - | - |
| Trade receivables40 | - | €32k | - | - | - | - |
| Other amounts receivable41 | - | €158 | €312 | - | - | - |
| Cash at bank and in hand54/58 | €176 | €10k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €96k | €49k | €39k | €31k | ▼ 20.4% |
| Equity10/15 | €33k | €10k | €-25k | €-52k | €-12k | ▲ 76.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €8k | ▲ 30.0% |
| Reserves13 | €2k | €2k | €2k | €2k | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Profit (loss) carried forward14 | €25k | €2k | €-33k | €-60k | €-20k | ▲ 66.5% |
| Amounts payable17/49 | €68k | €85k | €74k | €91k | €43k | ▼ 52.8% |
| Amounts payable after more than one year17 | €4k | €1k | - | - | - | - |
| Financial debts170/4 | - | €1k | - | - | - | - |
| Amounts payable within one year42/48 | €64k | €84k | €74k | €91k | €43k | ▼ 52.8% |
| Current portion of amounts payable after more than one year42 | - | €3k | €1k | - | - | - |
| Financial debts43 | - | - | €2k | €2k | €2k | ▼ 14.0% |
| Credit institutions430/8 | - | - | €2k | €2k | €2k | ▼ 14.0% |
| Trade debts44 | €46k | €48k | €18k | €22k | €11k | ▼ 47.9% |
| Suppliers440/4 | - | €48k | €18k | €22k | €11k | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | €15k | €35k | €46k | €21k | ▼ 54.2% |
| Taxes450/3 | - | €3k | €6k | €9k | €7k | ▼ 17.6% |
| Remuneration and social security454/9 | - | €13k | €29k | €37k | €14k | ▼ 63.0% |
| Other amounts payable47/48 | - | €18k | €17k | €21k | €9k | ▼ 58.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-23k | €-35k | €-27k | €40k | ▲ 247% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €5k | €6k | ▲ 17.0% |
| Operating cash flow (approximation) | €10k | €-17k | €-30k | €-22k | €46k | ▲ 307% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €2k | - |
| Change in cash | - | €10k | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
21-09
State Gazette act
Resignation: ALTOVINO Thérèse (director)Appointment: MALISAN Luigi (director) · Director discharge · Share transfer5 facts ▸
State Gazette act
Resignation: ALTOVINO Thérèse (director)
Appointment: MALISAN Luigi (director) · Director discharge · Share transfer5 facts ▸
- General meeting, 31-03-2026
- Director resignation, ALTOVINO Thérèse (director)
- Director discharge, ALTOVINO Thérèse (director)
- Share transfer, ALTOVINO Thérèse → MALISAN Luigi
- Director appointment, MALISAN Luigi (director)
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 149 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
MALISAN Luigi
CurrentDirector · since 21-09-2026
21-09-2026
MALISAN Luigi: Appointed as Director
21-09-2026
ALTOVINO Thérèse: Resigned as Director
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2011
Ground area
258 m²
Building footprint
123 m²
Volume, LiDAR
1,098 m³
Parcel 22662B0335/00C011, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MGCP
since 20112.199.801.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0335/00C011 | Flanders | 258 m² | 1 · 123 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Other provisions of the articles (1)
- Other statement: 1st april 2026
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 21-09-2026 ↗
- ALTOVINO Thérèse to MALISAN Luigi 50 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWemmel2.199.801.731
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 7,106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47551Retail sale of household furniture
47553Retail trade
56210Event catering
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.