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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPRL MGCO from Erezée, company number BE0878050136, closed financial year 2025 with a result of € -6,715 after tax. For that financial year SPRL MGCO recorded revenue of € 111,919 and equity of € -23,009. Compared with financial year 2024, the result moved from € 1,947 to € -6,715. 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 June 11, 2026.
€ -23,009
▼ € 6,715 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,715
▼ still € 1,947 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -35,409.
People and assets in 2025
€ 115
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,833
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46,388
▼ 12% vs 2024
€ 4,446 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4,338
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,749
▼ 44% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 123,326 | € 165,842 | € 149,256 | € 111,919 | ▼ 25% |
| Gross margin | € 9,880 | € 38,383 | € 18,182 | € 4,750 | ▼ 74% |
| Profit after taxes | € -1,192 | € 22,330 | € 1,947 | € -6,715 | ▼ € 8,661 |
| Equity | € -40,571 | € -18,241 | € -16,295 | € -23,009 | ▼ € 6,715 |
| Total debts | € 132,890 | € 135,518 | € 110,013 | € 78,172 | ▼ 29% |
| Land & buildings | € 35,659 | € 32,916 | € 30,173 | € 27,430 | ▼ 9% |
| Retained profit | € -52,971 | € -30,641 | € -28,695 | € -35,409 | ▼ € 6,715 |
| Bank debt | € 82,856 | € 60,689 | € 52,575 | € 46,388 | ▼ 12% |
| Balance sheet total | € 92,319 | € 117,277 | € 93,719 | € 55,163 | ▼ 41% |
Key figures of SPRL MGCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SPRL MGCO?
What happened at SPRL MGCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,715 (▼ € 8,661 vs 2024). Source: NBB ↗
- New establishment in Dison. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,192 loss in 2022 to € 6,715 loss in 2025.
Paid € 437 in corporate taxes since 2022.
Best year ever: 2023, with € 22,330 profit.
Management
Behind SPRL MGCO are Georges COLLARD and Muriel NULLENS.
Directors
According to the 2025 annual accounts
Georges COLLARD
Administrator-manager
Muriel NULLENS
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Chemin des Fontaines, Biron 78
6997 Erezée
Rue Léopold 103
4820 Dison
Active since 6 January 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0878.050.136
- VAT number
- BE 0878.050.136
- Registered office
- Chemin des Fontaines, Biron 78, 6997 Erezée
- Names & denominations
- SPRL MGCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2005
- Peppol
- Active · Active since 29 Jan 2026
- Activities · NACE
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