What is the address of MGTS?

The registered office of MGTS is located at Emile de Becolaan 25, 1050 Elsene.

Is MGTS still active?

No. The CBE lists MGTS with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is MGTS registered on Peppol?

No, MGTS is currently not registered on the Peppol network.

What is the enterprise number of MGTS?

The enterprise number of MGTS is BE0730861643.

When was MGTS founded?

MGTS was founded on 19 July 2019.

Who are the directors of MGTS?

According to the 2023 annual accounts, the directors of MGTS are: Russo MAGALI.

Is MGTS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 19 July 2019; 3 annual accounts filed, latest fiscal year 2023; 1 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did MGTS make in 2023?

MGTS recorded a loss after taxes of € 73 in financial year 2023.

What is the revenue of MGTS?

In its most recent annual accounts (2023), MGTS reported revenue of € 432,198.

MGTS (Private Limited) - Elsene - BE0730861643

Dossier MGTS, printed on 15 November 2026 from databakkes.be/en/0730861643/mgts. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2022 and 2023.
Tight liquidity NBB

Cash and receivables cover 7 % of short-term debt in 2023; threshold 65 %.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

MGTS from Elsene, company number BE0730861643, closed financial year 2023 with a result of € -73 after tax. For that financial year MGTS recorded revenue of € 432,198 and equity of € 688. Compared with financial year 2022, the result moved from € -43,016 to € -73. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2024.

What it is worth Healthy

€ 688

▼ 10% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -73

▲ 100 % less loss than in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 898

▲ 18% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -24,312.

People and assets in 2023

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 2,162

▼ 60% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

€ 9,708

▼ 2% vs 2022

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1,885

▼ 92% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 1,294

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year
	2021	2022	2023	Change 2022 → 2023
Revenue	€ 556,331 Revenue 2021: € 556,331 First fiscal year in the series	€ 524,632 Revenue 2022: € 524,632 ▼ 6% vs 2021 (€ 556,331) Unfavourable step	€ 432,198 Revenue 2023: € 432,198 ▼ 18% vs 2022 (€ 524,632) Unfavourable step	▼ 18%
Gross margin	€ 48,366 Gross margin 2021: € 48,366 First fiscal year in the series	€ -27,771 Gross margin 2022: € -27,771 ▼ € 76,137 vs 2021 (€ 48,366) Unfavourable step	€ 39,477 Gross margin 2023: € 39,477 ▲ € 67,248 vs 2022 (€ -27,771) Favourable step	▲ € 67,248
Profit after taxes	€ 31,299 Profit after taxes 2021: € 31,299 First fiscal year in the series	€ -43,016 Profit after taxes 2022: € -43,016 ▼ € 74,314 vs 2021 (€ 31,299) Unfavourable step	€ -73 Profit after taxes 2023: € -73 ▲ € 42,942 vs 2022 (€ -43,016) Favourable step	▲ € 42,942
Equity	€ 43,777 Equity 2021: € 43,777 First fiscal year in the series	€ 761 Equity 2022: € 761 ▼ 98% vs 2021 (€ 43,777) Unfavourable step	€ 688 Equity 2023: € 688 ▼ 10% vs 2022 (€ 761) Unfavourable step	▼ 10%
Total debts	€ 36,746 Total debts 2021: € 36,746 First fiscal year in the series	€ 60,474 Total debts 2022: € 60,474 ▲ 65% vs 2021 (€ 36,746) Unfavourable step	€ 12,887 Total debts 2023: € 12,887 ▼ 79% vs 2022 (€ 60,474) Favourable step	▼ 79%
Cash	€ 22,614 Cash 2021: € 22,614 First fiscal year in the series	€ 760 Cash 2022: € 760 ▼ 97% vs 2021 (€ 22,614) Unfavourable step	€ 898 Cash 2023: € 898 ▲ 18% vs 2022 (€ 760) Favourable step	▲ 18%
Land & buildings	-	-	€ 4,713 Land & buildings 2023: € 4,713 First fiscal year in the series
Retained profit	€ 18,777 Retained profit 2021: € 18,777 First fiscal year in the series	€ -24,239 Retained profit 2022: € -24,239 ▼ € 43,016 vs 2021 (€ 18,777) Unfavourable step	€ -24,312 Retained profit 2023: € -24,312 Unchanged (€ -24,239) Unfavourable step
Dividend	€ 15,000 Dividend 2021: € 15,000 First fiscal year in the series	€ 0 Dividend 2022: € 0 ▼ 100% vs 2021 (€ 15,000) Unchanged	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2021: € 0 First fiscal year in the series	€ 9,914 Bank debt 2022: € 9,914 Unchanged (€ 0) Unfavourable step	€ 9,708 Bank debt 2023: € 9,708 ▼ 2% vs 2022 (€ 9,914) Favourable step	▼ 2%
Balance sheet total	€ 80,523 Balance sheet total 2021: € 80,523 First fiscal year in the series	€ 61,235 Balance sheet total 2022: € 61,235 ▼ 24% vs 2021 (€ 80,523) Unchanged	€ 13,575 Balance sheet total 2023: € 13,575 ▼ 78% vs 2022 (€ 61,235) Unchanged	▼ 78%

Key figures of MGTS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

Ask about MGTS the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to MGTS?

What happened at MGTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

MGTS is active according to the CBE. Legal situation: Opening faillissement.

May 22, 2024 New annual accounts for financial year 2023: loss of € 73. Source: NBB ↗
2023 Russo MAGALI became a director. NBB
Jul 23, 2019 Incorporation, published in the Gazette. Source: Staatsblad ↗
Jul 19, 2019 New establishment in Elsene. KBO

In short

From € 31,299 profit in 2021 to € 73 loss in 2023.

Best year ever: 2021, with € 31,299 profit.

Paid out € 15,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Russo MAGALI

MGTS

DI RUSSO

Behind MGTS is Russo MAGALI. Russo MAGALI is also behind DI RUSSO.

Directors

According to the 2023 annual accounts

Russo MAGALI

Director

Also active at: DI RUSSO

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Emile de Becolaan 25

1050 Elsene

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

23 July 2019 Source: Deed ↗

RUSSO Magali(comparant) 100%

Details

Company number: 0730.861.643
VAT number: BE 0730.861.643
Registered office: Emile de Becolaan 25, 1050 Elsene
Names & denominations: MGTS
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Opening faillissement
Start date: 19 July 2019
Peppol: Not registered

View on CBE Public ↗ Annual accounts (NBB) ↗