Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 207 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
MG COMPANY from Antwerpen, company number BE0771401606, closed financial year 2024 with a result of € -7,111 after tax. For that financial year MG COMPANY recorded a gross margin of € -5,977 and equity of € -26,425. Compared with financial year 2023, the result moved from € -7,055 to € -7,111. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 23, 2026.
€ -26,425
▼ € 7,111 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,111
▼ 1 % more loss than in 2023
Profit after tax over the fiscal year.
€ 4,847
▲ € 4,419 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -29,425.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 796
▼ 21% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 22,322
▼ 39% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 33,740
▲ 6% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -14,099 | € 2,330 | € -5,977 | ▼ € 8,307 |
| Profit after taxes | € -15,258 | € -7,055 | € -7,111 | ▼ € 56 |
| Equity | € -12,258 | € -19,314 | € -26,425 | ▼ € 7,111 |
| Total debts | € 39,440 | € 106,016 | € 96,103 | ▼ 9% |
| Cash | € 4,254 | € 428 | € 4,847 | ▲ € 4,419 |
| Retained profit | € -15,258 | € -22,314 | € -29,425 | ▼ € 7,111 |
| Balance sheet total | € 27,182 | € 86,702 | € 69,678 | ▼ 20% |
Key figures of MG COMPANY, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MG COMPANY?
What happened at MG COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MG COMPANY is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 7,111. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,258 loss in 2022 to € 7,111 loss in 2024.
A new publication or filing at MG COMPANY? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MG COMPANY is Mohamed Gharslaoui.
Directors
According to the 2024 annual accounts
Mohamed Gharslaoui
Bestuurder
Establishments
Establishment units
Physical locations of this company
Kipdorpvest 38
2000 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.401.606
- VAT number
- BE 0771.401.606
- Registered office
- Kipdorpvest 38, 2000 Antwerpen
- Names & denominations
- MG COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 14 July 2021
- Peppol
- Active · Active since 1 Jan 2001
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