About Mg Works
Mg Works is a private limited company (BV/SRL) based in Schoten, founded in 2020. Its main activity is classified as "Algemene elektrotechnische installatiewerken". For the 2025 financial year, Mg Works reported a loss of €20,638. A year earlier, in 2024, it still made a profit of €22,276. Revenue was not published, which is common for abbreviated accounts. The gross margin came to -€16,407. Equity stands at €11,997, a solvency ratio of 34%. In 2021 it was -€1,082. 5 annual accounts are available, covering 2021 to 2025.
- Sectors
- Electricians
- Signals
-
Reporting lossesReporting losses € -21K
The company reported a loss in the latest financial year.
Negative cashflowNegative cashflow € -21KOperating cash flow was negative in the latest financial year.
Negative EBITDANegative EBITDA € -20KEBITDA is negative: operating activities are loss-making.
Low riskLow risk 34.0%Good solvency (> 30%) points to long-term financial stability.
Good liquidityGood liquidity 1.51A healthy current ratio (≥ 1.5): enough current assets to cover short-term debt.
Financial ratios
|
|
2025
|
2024
|
2023
|
2022
|
|---|---|---|---|---|
|
€
-16K
|
€
34K
|
€
13K
|
€
13K
|
|
|
€
-20K
|
€
29K
|
€
12K
|
€
12K
|
|
|
€
-21K
|
€
22K
|
€
9K
|
€
10K
|
|
|
€
12K
|
€
33K
|
€
10K
|
€
1K
|
|
|
33.97%
|
66.41%
|
47.59%
|
6.48%
|
|
|
€
23K
|
€
17K
|
€
11K
|
€
16K
|
|
|
€
82
|
€
5K
|
€
24
|
€
2K
|
Publications 1
All publicationsFrequently asked questions
Answers to the most common questions about Mg Works, based on official government data and the filed annual accounts.
What is the VAT number of Mg Works?
The VAT number of Mg Works is BE0756.676.709.
When was Mg Works established?
Mg Works was founded in 16-10-2020.
What is the official address of Mg Works?
The official address of Mg Works is Edisonplein 2 Schoten 2900.
What is the legal form of Mg Works?
The juridical form of Mg Works is Private limited company (BV/SRL).
What is the annual revenue of Mg Works?
The 2025 accounts of Mg Works do not report revenue. Smaller companies that file abbreviated accounts are not required to publish it.
Is Mg Works a reliable company?
Mg Works is a registered Rechtspersoon with company number 0756.676.709 and can be verified through the official CBE database.
What is the credit limit of Mg Works?
The estimated credit limit of Mg Works is €487.
Is Mg Works still active?
Mg Works currently has the status "Normal situation" and is active.