Business profile

MG Logistics Oy

MG Logistics Oy was declared bankrupt 2025-04-25. In its latest retained statement for 2023-07-31, revenue was €435,856 and operating profit was €96,055.

Claim profileContact details
Business ID 3013660-3BANKRUPTCYUnclaimed company profile

Trusted core data

Public company details from the trade register.

Business ID
3013660-3
Sector
Freight transport by road
Municipality
Helsingfors
Company form
Limited company
Registration date
2019-07-23
Business ID registration date
2019-07-21
Business status
BANKRUPTCY
Profile ownership
Unclaimed company profile

Contact and location summary

Visiting address: Komentosilta 1, 00980, Helsingfors

Phone: +358503675465Source observation

Website: https://www.mglogistics.fiSource observation

People and decision-makers

Gates Michael EdwinVarsinainen jäsen

About MG Logistics Oy

Financial position and key figures for the company.

MG Logistics Oy was declared bankrupt 2025-04-25. In its latest retained statement for 2023-07-31, revenue was €435,856 and operating profit was €96,055. The latest retained financial statement for 2023-07-31 shows revenue of €435,856 and profit for the financial year of €64,070. Based on the latest retained statement, revenue growth was -49.4%, operating margin was +18.2%, and equity ratio was +7.8%.

Auxiliary business names

Public alternate names materialized from source observations.

MG LeasingMG RealisointiMG TruckTakaisinhaku.comTransport Consulting Finland

Extended business activity

A longer directory- or registry-backed activity description that complements the short registry industry label.

Tieliikenteen tavarankuljetus, osakekauppa, kulkuneuvojen korjaus ja huolto sekä varaosamyynti, autokauppa, työvoiman vuokraus, koneiden, laitteiden ajoneuvojen vuokraus sekä kaikki laillinen liiketoiminta.

Financial highlights

Key figures from the latest financial period.

Open full statement
Latest financial period

2023-07-31

Imported periods1
PRH parsed1
Profile sourceCombined source
Derived indicators
Revenue growth-49.4%
Operating margin18.2%
Equity ratio7.8%
Revenue€435,856-€425,500 (-49.4%) vs previous periodPrevious: €861,356
Operating profit (loss)€96,055+€162,844 (+243.8%) vs previous periodPrevious: -€66,789
Profit (loss) for the financial year€64,070+€140,701 (+183.6%) vs previous periodPrevious: -€76,631
Assets€131,867-€43,302 (-24.7%) vs previous periodPrevious: €175,169
Balance-sheet contextLatest financial period
Other operating income€90,768Previous: €0
Cash and bank€2,273Previous: €12,439
Retained earnings-€53,745Previous: €22,886
Profit before taxes€81,851Previous: -€76,631
Equity€10,325Previous: -€53,745
Liabilities€121,542Previous: €228,914
Current assets€114,218Previous: €99,704
Current liabilities€121,542Previous: €196,255
Employees4Previous: 4
Revenue trend4 periods
€130,905
2020-07-30
€656,859
2021-07-31
€861,356
2022-07-30
€435,856
2023-07-31
Operating profit (loss) trend4 periods
€33,841
2020-07-30
€1,760
2021-07-31
-€66,789
2022-07-30
€96,055
2023-07-31
Profit (loss) for the financial year trend4 periods
€26,573
2020-07-30
-€3,686
2021-07-31
-€76,631
2022-07-30
€64,070
2023-07-31
Assets trend4 periods
€76,448
2020-07-30
€174,035
2021-07-31
€175,169
2022-07-30
€131,867
2023-07-31

Financial ratios

Financial ratios based on financial statement data. Source: Yhdistetty lähde.

Equity ratioWeak
10/100 · Improving
7.8 %2022-07-30: -30.7 %
Current ratioWeak
1/100 · Declining
0.02x2022-07-30: 0.06x
Operating profit marginGood
96/100 · Improving
18.2 %2022-07-30: -7.8 %
Ratio history
Ratio2020-07-302021-07-312022-07-302023-07-31
Equity ratio34.8 %13.2 %-30.7 %7.8 %
Current ratio---0.02x
Operating profit margin25.9 %0.3 %-7.8 %18.2 %

Registry status and identifiers

Current registry information and identifiers based on YTJ data.

YTJ statusBANKRUPTCY
Trade RegisterRegistered
Business ID3013660-3
EU IDFIFPRO.3013660-3
MunicipalityHelsingfors
Current registered entries
2019-07-23Registered in Tax Administration (Tax Administration)
2019-07-23Registered in Patent and Registration Office (Trade Register)

Responsible people

Public role relationships materialized from source observations.

Gates Michael EdwinVarsinainen jäsenSources: 2 · Confidence: 78%

Risk certificate

An open-data based company stability and risk signal.

BUSINESS.fi

BUSINESS.fi Luottoluokitus

Profile-specific risk signal based on open data

Automatic gradeNot a credit decision
D
High riskMG Logistics Oy
Grade unchangedD · new analysis 2026-09-24
Model score29/100
Assessment confidenceLow
Evidence qualityUsable financial evidenceFinancial data included
Peer comparisonSame size nationallyDescriptive comparison – does not change the model score.
203 peers
Solvency19%
Below 81% of peers
Profitability72%
Better than 72% of peers
Liquidity25%
Below 75% of peers
Financial statement reporting patternLimited evidenceBased on observed PRH financial period end and registration dates. This descriptive evidence does not change the v0.14 score.
1 observed filings
Latest registration lag124 days after period end
Typical registration lag124 days after period end
Annual continuity1 consecutive periods
Supporting factors
  • Strong operating profitability
  • A newer financial statement filing has been reported
Risk factors to note
  • Parsed financial metrics are older than the newest reported filing
  • Weak current ratio
  • High balance-sheet leverage
Rating historyAutomatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
4 assessments
D
2026-09-24 13:0429/100 · v0.14
D → D
  • Evidence strengthened: a PRH/XBRL financial statement was added to the assessment (2023-07-31).
  • Assessment confidence: Medium → Low.
  • Evidence quality: Registry and statistical evidence → Usable financial evidence.
D
2026-09-1529/100 · v0.14
D → D
  • Assessment confidence: Low → Medium.
  • Evidence quality: Registry and statistical evidence → Registry and statistical evidence.
  • New risk factor: Sufficient structured financial metrics are not available.
D
2026-09-1429/100 · v0.12
Oldest retained automatic assessment in this comparison
Automatic model gradeD
Automatic model snapshot2026-09-24
Automatic model versionopen-risk-grade-v0.14
Financial data included

The grade is reduced because of a critical legal status such as bankruptcy or liquidation.

A serious registry signal affects this grade. Review the profile registry and notification details as well.

Verify assessment

Risk context

When sufficient source-backed financial metrics are not available for a Tier 1 assessment, BUSINESS.fi shows registry, industry, and regional context.

Industry riskelevated
32/100

Industry context is elevated based on normalized open statistical inputs.

Age and continuityHyvä
60/100

The company has about 7 years of registry continuity.

Registry and status signalsHälyttävä
0/100

Bankruptcy or liquidation status is treated as a critical legal distress signal.

Events & news

Verified events and sourced external company news in one timeline.

Risk grade updatedRisk gradeEvidence verified
15 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade D.
Risk grade updatedRisk gradeEvidence verified
14 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade D.

Registry timeline

Trade register notifications shown on a timeline.

15 register eventsLatest event: 2025-04-25

Financial statements availability

Available financial statement periods and PRH source filings.

1 financial statement periodsLatest financial period: 2023-07-31

Profile source and ownership

Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2025-12-31.

This company profile has not been claimed yet

MG Logistics Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.