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 1 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
71 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MG SERVICES from Namur, company number BE0774407121, closed financial year 2024 with a result of € -4,184 after tax. For that financial year MG SERVICES recorded a gross margin of € -486 and equity of € -12,858. Compared with financial year 2023, the result moved from € -5,093 to € -4,184. 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 22, 2025.
€ -12,858
▼ € 4,184 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,184
▲ 18 % less loss than in 2023
Profit after tax over the fiscal year.
€ 480
▲ 56% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14,858.
Debts at end 2024
€ 58,111
▼ 26% vs 2023
Loans from banks and other lenders, long and short.
€ 1,277
▲ 59% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -1,092 | € -1,040 | € -486 | ▲ € 554 |
| Profit after taxes | € -5,582 | € -5,093 | € -4,184 | ▲ € 908 |
| Equity | € -3,582 | € -8,674 | € -12,858 | ▼ € 4,184 |
| Total debts | € 134,148 | € 139,223 | € 143,794 | ▲ 3% |
| Cash | € 374 | € 309 | € 480 | ▲ 56% |
| Retained profit | € -5,582 | € -10,674 | € -14,858 | ▼ € 4,184 |
| Bank debt | € 98,131 | € 78,316 | € 58,111 | ▼ 26% |
| Balance sheet total | € 130,566 | € 130,549 | € 130,936 |
Key figures of MG SERVICES, 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 SERVICES?
What happened at MG SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 4,184. filed late Source: NBB ↗
- New establishment in Chaudfontaine. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,582 loss in 2022 to € 4,184 loss in 2024.
Management
Behind MG SERVICES are FRANCOIS MELOTTE and IOANNIS GOURNIS. It owns 100% of PADO itself.
Directors
According to the 2024 annual accounts
FRANCOIS MELOTTE
Director
Also active at: MARIEMBOURG SANTE, MG Health Care, MARCINELLE SANTE, NAMUR SANTE, VERVIERS SANTE
IOANNIS GOURNIS
Director
Also active at: PADO, OLYMPUS IMMO, MARIEMBOURG SANTE, MG Health Care, MARCINELLE SANTE, NAMUR HEALTH CARE, VERVIERS SANTE, BUREAU DE CONSULTANCE GOURNIS +2 more
Establishments
Establishment units
Physical locations of this company
Avenue d'Ecolys(RH) 2 box 16
5020 Namur
Rue Joseph Deflandre 160 box 1
4053 Chaudfontaine
Active since 1 October 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 71 companies are registered at this address.
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+66 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0774.407.121
- VAT number
- BE 0774.407.121
- Registered office
- Avenue d'Ecolys(RH) 2 bus 16, 5020 Namur
- Names & denominations
- MG SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 2021
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- bvea.be [email protected] +3271410015
- Activities · NACE
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Holdings