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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MBG from Antwerpen, company number BE0413352434, closed financial year 2025 with a result of € 11.3 million after tax. For that financial year MBG recorded revenue of € 100.8 million and equity of € 26 million. Compared with financial year 2024, the result moved from € 11.8 million to € 11.3 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 21, 2026.
€ 26 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11.3 million
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
89 % of the profit went to the shareholders, mostly to CFE Contracting NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
181.5
▼ 8.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 18.8 million
▲ 3% vs 2024
€ 103,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 170,435
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 24.7 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 126 days on average.
€ 5.3 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 106,412,537 | € 162,364,737 | € 175,472,217 | € 100,836,039 | ▼ 43% |
| Profit after taxes | € 1,812,502 | € 5,056,890 | € 11,791,846 | € 11,296,184 | ▼ 4% |
| Equity | € 14,360,274 | € 16,417,164 | € 24,709,010 | € 26,005,195 | ▲ 5% |
| Total debts | € 59,809,835 | € 91,183,113 | € 93,042,886 | € 97,043,027 | ▲ 4% |
| Cash | € 6,147,481 | € 6,283,474 | € 1,815,472 | € 1,199,847 | ▼ 34% |
| Retained profit | € 12,860,274 | € 14,917,164 | € 23,209,010 | € 24,505,195 | ▲ 6% |
| Dividend | € 0 | € 3,000,000 | € 3,500,000 | € 10,000,000 | ▲ 186% |
| Balance sheet total | € 79,220,127 | € 111,550,632 | € 123,207,513 | € 127,584,504 | ▲ 4% |
| Employees (FTE) | 200.5 | 197.6 | 189.6 | 181.5 | ▼ 8.1 |
Key figures of MBG, 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 MBG?
What happened at MBG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fabien DE JONGE stepped down as director. NBB
- Luc STUYCK stepped down as director. NBB
- TROREMA BV stepped down as director. NBB
- LAMCY BV stepped down as director. NBB
- Nadine SIMONS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 11.3 million (▼ 4% vs 2024). Source: NBB ↗
- Bruno Lambrecht stepped down as director. NBB
- LAMCY BV became a director. NBB
In short
From € 1.8 million profit in 2022 to € 11.3 million profit in 2025.
Paid € 11.2 million in corporate taxes since 2022.
Best year ever: 2024, with € 11.8 million profit.
Paid out € 16.5 million in dividends to the owners in total.
Management
The shares are held by CFE Contracting NV (100%).
Directors
According to the 2025 annual accounts
Fabien DE JONGE
Director
since 2021 · until 2027
since 2021 · until 2027
Bruno Lambrecht
Director
since 2024 · until 2026
Director · represented by Raymund TROST
Also active at: Groep Terryn Construct, TERRYN TIMBER PRODUCTS, Van Laere, V.M.A., MOBIX, GROEP TERRYN, BPC Group, VMA SUD +12 more
since 2021 · until 2027
Director · represented by Bruno Lambrecht
Also active at: Groep Terryn Construct, TERRYN TIMBER PRODUCTS, Van Laere, GROEP TERRYN, BPC Group, LAMCOL, Bâtiments et Ponts Construction, WOOD SHAPERS
since 2026 · until 2027
Nadine SIMONS
Director
since 2024 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Laarstraat 16 box b12
2610 Antwerpen
Ruiterijschool 6
2930 Brasschaat
Active since 28 November 2014
Laarstraat 16 box 12
2610 Antwerpen
Active since 1 July 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →NORWAY FOODS (EUROPE)
€ 3 million revenue · 2025
INFOMAT
€ 1.6 million gross margin · 2025
THV CFE BOUW VLAANDEREN - BE.MAINTENANCE
Kerridge Commercial Systems Belgium
€ -8,512 gross margin · 2025
Tijdelijke vennootschap D&E-CFE GBW
+9 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
- 0413.352.434
- VAT number
- BE 0413.352.434
- Registered office
- Laarstraat 16 bus b12, 2610 Antwerpen
- Names & denominations
- MBG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 1973
- Peppol
- Active · Active since 23 Apr 2025
- Contact
- mbg.be [email protected] 03 820 40 11
- Activities · NACE
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