Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 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 1 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MG BUSINESS DEVELOPMENT from Charleroi, company number BE0771556806, closed financial year 2024 with a result of € -3,743 after tax. For that financial year MG BUSINESS DEVELOPMENT recorded a gross margin of € 113,963 and equity of € -105,419. Compared with financial year 2023, the result moved from € -16,225 to € -3,743. 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 August 29, 2025.
€ -105,419
▼ € 3,743 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,743
▲ 77 % less loss than in 2023
Profit after tax over the fiscal year.
€ 1,659
▼ 8% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -110,419.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 112,091
▲ 6% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,671
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 40,309
▼ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 35,880
▼ 6% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -7,825 | € 50,804 | € 94,959 | € 113,963 | ▲ 20% |
| Profit after taxes | € -27,144 | € -63,307 | € -16,225 | € -3,743 | ▲ € 12,483 |
| Equity | € -22,144 | € -85,451 | € -101,677 | € -105,419 | ▼ € 3,743 |
| Total debts | € 57,177 | € 108,998 | € 124,281 | € 124,443 | |
| Cash | € 2,926 | € 777 | € 1,805 | € 1,659 | ▼ 8% |
| Retained profit | € -27,144 | € -90,451 | € -106,677 | € -110,419 | ▼ € 3,743 |
| Balance sheet total | € 35,033 | € 23,547 | € 22,604 | € 19,024 | ▼ 16% |
Key figures of MG BUSINESS DEVELOPMENT, fiscal years 2021 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 BUSINESS DEVELOPMENT?
What happened at MG BUSINESS DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 3,743. filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,144 loss in 2021 to € 3,743 loss in 2024.
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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 BUSINESS DEVELOPMENT is Giovanni MANCUSO.
Directors
According to the 2024 annual accounts
Giovanni MANCUSO
Manager
Establishments
Establishment units
Physical locations of this company
Rue du Vivier 18
6010 Charleroi
Rue Willy Ernst 31
6000 Charleroi
Active since 19 July 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0771.556.806
- VAT number
- BE 0771.556.806
- Registered office
- Rue du Vivier 18, 6010 Charleroi
- Names & denominations
- MG BUSINESS DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2021
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening
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