MGI RES
ActiveMGI RES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-91k) and a net result of €-81k. Equity is shrinking by ~65.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 2250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.01 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2025Solvency, return and age of the figures
Solvency
-3.5%
Return on assets
-3.1%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€91k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 8 filingsDeviation from the deadline
2025
6 d late
2024
20 d late
2023
31 d late
2022
71 d late
2021
40 d early
2020
27 d late
2019
78 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-91k▼ 800%
2024 · €-10k
2018: €6k
2019: €20k
2020: €13k
2021: €8k
2022: €3k
2023: €-2k
2024: €-10k
2018 → 2025
Total assets
€2.59M▼ 0.6%
2024 · €2.60M
2018: €6k
2019: €31k
2020: €21k
2021: €14k
2022: €9k
2023: €38k
2024: €2.60M
2018 → 2025
Net result
€-81k▼ 912%
2024 · €-8k
2018: €-14k
2019: €14k
2020: €-7k
2021: €-6k
2022: €-5k
2023: €-5k
2024: €-8k
2018 → 2025
Working capital
€-2.62M▼ 1.6%
2024 · €-2.58M
2018: €5k
2019: €19k
2020: €13k
2021: €8k
2022: €3k
2023: €-2k
2024: €-2.58M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€3k▼ 63.7%€-2k€-10k▼ 378%€-91k▼ 800%
Operating result€-5k-€-5k▲ 10.6%€-4k▲ 12.2%€-5k▼ 23.2%€-77k▼ 1,398%
Net result€-6k-€-5k▲ 12.8%€-5k▼ 1.0%€-8k▼ 64.4%€-81k▼ 912%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €77k in 2025 against €5k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€2.53M▼ 1.5%
Current assets
€57k▲ 64.7%
Key figures and ratios
EBITDA
€-19k▼
2024 · €-2k
Cash flow
€-22k▼
2024 · €-5k
Solvency
-3.5%▼
2024 · -0.4%
Current ratio
0.02▲
2024 · 0.01
Quick ratio
0.02▲
2024 · 0.01
Debt / equity
-29.47▲
2024 · -258.95
ROE
88.9%▲
2024 · 79.1%
ROA
-3.1%▼
2024 · -0.3%
Interest coverage
-5.15▼
2024 · -0.59
Debt
€2.68M▲
2024 · €2.61M
Debt ≤ 1 year
€2.68M▲
2024 · €2.61M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.60M€2.59M▼
Fixed assets21/28€2.57M€2.53M▼
Tangible fixed assets22/27€2.57M€2.53M▼
Land and buildings22€2.57M€2.52M▼
Plant, machinery and equipment23-€7k
Current assets29/58€34k€57k▲
Amounts receivable within one year40/41€23k€27k▲
Trade receivables40-€2k
Other amounts receivable41€23k€25k▲
Cash at bank and in hand54/58€11k€30k▲
Equity and liabilities
Total equity and liabilities10/49€2.60M€2.59M▼
Equity10/15€-10k€-91k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-30k€-111k▼
Amounts payable17/49€2.61M€2.68M▲
Amounts payable within one year42/48€2.61M€2.68M▲
Trade debts44€590€0▼
Suppliers440/4€590€0▼
Other amounts payable47/48€2.61M€2.68M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€59k▲
Other operating charges640/8€141€262▲
Gross operating margin9900€-2k€-18k▼
Operating profit (loss)9901€-5k€-77k▼
Financial income75/76B-€110
Recurring financial income75-€110
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-8k€-81k▼
Profit (loss) for the period9904€-8k€-81k▼
Profit (loss) for the period to be appropriated9905€-8k€-81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-111k▼
Profit (loss) brought forward from the previous period14P€-22k€-30k▼
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 78 days late
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB 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, Deinze · 1 establishment unit since 2017
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.
Beentjesstraat 599850 DeinzeGround area
1,316 m²
Building footprint
165 m²
Volume, LiDAR
648 m³
Parcel 44049E0331/00G000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MGI RES
since 20172.262.209.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049E0331/00G000 | Flanders | 1,316 m² | 1 · 165 m² | 5.8 m · 1 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.
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Of 24,420 companies in sector 82990 we hold annual accounts for 9,359. 2,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.