Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2023; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MG Distribution from Antwerpen, company number BE0898263847, closed financial year 2023 with a result of € -165 after tax. For that financial year MG Distribution recorded a gross margin of € 32,672 and equity of € 66,148. Compared with financial year 2022, the result moved from € 113,916 to € -165. 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 October 25, 2024.
€ 66,148
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -165
▼ still € 113,916 profit in 2022
Profit after tax over the fiscal year.
€ 7,620
▼ 70% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -58,852.
People and assets in 2023
€ 592
▼ 25% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 882,663
▲ 47% vs 2022
€ 12,796 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5,556
▼ 73% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 5,808
▲ 21% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 76,479 | € 142,485 | € 32,672 | ▼ 77% |
| Profit after taxes | € 49,586 | € 113,916 | € -165 | ▼ € 114,081 |
| Equity | € -47,604 | € 66,313 | € 66,148 | |
| Total debts | € 229,592 | € 807,954 | € 1,108,961 | ▲ 37% |
| Cash | € 5,091 | € 25,486 | € 7,620 | ▼ 70% |
| Retained profit | € -172,604 | € -58,687 | € -58,852 | |
| Bank debt | € 88,960 | € 601,171 | € 882,663 | ▲ 47% |
| Balance sheet total | € 181,988 | € 874,267 | € 1,175,109 | ▲ 34% |
Key figures of MG Distribution, 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.
What happened to MG Distribution?
What happened at MG Distribution in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MG Distribution is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 165 (▼ € 114,081 vs 2022). filed late Source: NBB ↗
- Marc Pittoors became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,586 profit in 2021 to € 165 loss in 2023.
Paid € 5,936 in corporate taxes since 2021.
Best year ever: 2022, with € 113,916 profit.
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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 Distribution is Marc Pittoors.
Directors
According to the 2023 annual accounts
Marc Pittoors
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Paardenmarkt 26
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
- 0898.263.847
- VAT number
- BE 0898.263.847
- Registered office
- Paardenmarkt 26, 2000 Antwerpen
- Names & denominations
- MG Distribution
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 30 May 2008
- Peppol
- Not registered
- Activities · NACE
Handel in eigen onroerend goed
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