What does MGC Subcontracting do?

MGC Subcontracting is a machinery manufacturer in Waregem. Private Limited, started on 1 January 1976, 1 establishment.

What is the address of MGC Subcontracting?

The registered office of MGC Subcontracting is located at Leemputstraat 108, 8792 Waregem.

Is MGC Subcontracting still active?

Yes. According to the CBE (29 October 2026) MGC Subcontracting is active, legal situation “Normale toestand”, started on 1 January 1976.

Is MGC Subcontracting registered on Peppol?

Yes, MGC Subcontracting is registered on the Peppol network with ID 0208:0415808415.

What is the enterprise number of MGC Subcontracting?

The enterprise number of MGC Subcontracting is BE0415808415.

When was MGC Subcontracting founded?

MGC Subcontracting was founded on 1 January 1976.

Who are the directors of MGC Subcontracting?

According to the 2025 annual accounts, the directors of MGC Subcontracting are: MWM BV, JME Solutions BV, Bloom Management BV, Valmaco BV.

Is MGC Subcontracting a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1976; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did MGC Subcontracting make in 2025?

MGC Subcontracting posted a profit after taxes of € 486,324 in financial year 2025.

What is the revenue of MGC Subcontracting?

As a small company, MGC Subcontracting is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,712,558.

How much does an employee at MGC Subcontracting earn?

The average wage cost per full-time employee at MGC Subcontracting was € 90,000 in 2025: staff costs of € 1.4 million for 15.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MGC Subcontracting have?

According to the 2025 annual accounts, MGC Subcontracting has 15.2 full-time equivalents (FTE).

Does MGC Subcontracting have a website?

Yes, MGC Subcontracting has a website at mgcsubcontracting.com.

MGC Subcontracting (Private Limited) - Waregem

Dossier MGC Subcontracting, printed on 29 October 2026 from databakkes.be/en/0415808415/mgc-subcontracting. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 18 to 15.2.

Financials

Financial year 2025

MGC Subcontracting from Waregem, company number BE0415808415, closed financial year 2025 with a result of € 486,324 after tax. For that financial year MGC Subcontracting recorded a gross margin of € 2.7 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 304,875 to € 486,324. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.

What it is worth Growing

€ 4.6 million

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 486,324

▲ 60% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 592,684

▲ 32% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 135,000 paid out

28 % of the profit went to the shareholders, mostly to MWM (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

15.2

▼ 1.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.4 million

€ 90,000 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.

Vehicles and equipment

€ 248,331

▼ 29% vs 2024

Of which on lease € 154,848.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1 million

▼ 30% vs 2024

€ 398,743 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 204,471

▼ 56% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 281,915

▲ 32% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,429,371 Gross margin 2022: € 2,429,371 First fiscal year in the series	€ 2,630,623 Gross margin 2023: € 2,630,623 ▲ 8% vs 2022 (€ 2,429,371) Favourable step	€ 2,519,797 Gross margin 2024: € 2,519,797 ▼ 4% vs 2023 (€ 2,630,623) Unfavourable step	€ 2,712,558 Gross margin 2025: € 2,712,558 ▲ 8% vs 2024 (€ 2,519,797) Favourable step	▲ 8%
Profit after taxes	€ 505,099 Profit after taxes 2022: € 505,099 First fiscal year in the series	€ 350,805 Profit after taxes 2023: € 350,805 ▼ 31% vs 2022 (€ 505,099) Unfavourable step	€ 304,875 Profit after taxes 2024: € 304,875 ▼ 13% vs 2023 (€ 350,805) Unfavourable step	€ 486,324 Profit after taxes 2025: € 486,324 ▲ 60% vs 2024 (€ 304,875) Favourable step	▲ 60%
Equity	€ 2,043,655 Equity 2022: € 2,043,655 First fiscal year in the series	€ 3,894,460 Equity 2023: € 3,894,460 ▲ 91% vs 2022 (€ 2,043,655) Favourable step	€ 4,199,335 Equity 2024: € 4,199,335 ▲ 8% vs 2023 (€ 3,894,460) Favourable step	€ 4,550,660 Equity 2025: € 4,550,660 ▲ 8% vs 2024 (€ 4,199,335) Favourable step	▲ 8%
Total debts	€ 3,324,816 Total debts 2022: € 3,324,816 First fiscal year in the series	€ 2,901,572 Total debts 2023: € 2,901,572 ▼ 13% vs 2022 (€ 3,324,816) Favourable step	€ 2,140,361 Total debts 2024: € 2,140,361 ▼ 26% vs 2023 (€ 2,901,572) Favourable step	€ 1,641,837 Total debts 2025: € 1,641,837 ▼ 23% vs 2024 (€ 2,140,361) Favourable step	▼ 23%
Cash	€ 457,163 Cash 2022: € 457,163 First fiscal year in the series	€ 335,798 Cash 2023: € 335,798 ▼ 27% vs 2022 (€ 457,163) Unfavourable step	€ 447,717 Cash 2024: € 447,717 ▲ 33% vs 2023 (€ 335,798) Favourable step	€ 592,684 Cash 2025: € 592,684 ▲ 32% vs 2024 (€ 447,717) Favourable step	▲ 32%
Land & buildings	€ 501,074 Land & buildings 2022: € 501,074 First fiscal year in the series	€ 1,959,750 Land & buildings 2023: € 1,959,750 ▲ 291% vs 2022 (€ 501,074) Unchanged	€ 1,920,158 Land & buildings 2024: € 1,920,158 ▼ 2% vs 2023 (€ 1,959,750) Unchanged	€ 1,882,858 Land & buildings 2025: € 1,882,858 ▼ 2% vs 2024 (€ 1,920,158) Unchanged	▼ 2%
Retained profit	€ 1,993,655 Retained profit 2022: € 1,993,655 First fiscal year in the series	€ 2,344,460 Retained profit 2023: € 2,344,460 ▲ 18% vs 2022 (€ 1,993,655) Favourable step	€ 2,649,335 Retained profit 2024: € 2,649,335 ▲ 13% vs 2023 (€ 2,344,460) Favourable step	€ 3,000,660 Retained profit 2025: € 3,000,660 ▲ 13% vs 2024 (€ 2,649,335) Favourable step	▲ 13%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 135,000 Dividend 2025: € 135,000 Unchanged (€ 0) Unchanged
Bank debt	€ 2,195,866 Bank debt 2022: € 2,195,866 First fiscal year in the series	€ 2,078,771 Bank debt 2023: € 2,078,771 ▼ 5% vs 2022 (€ 2,195,866) Favourable step	€ 1,456,695 Bank debt 2024: € 1,456,695 ▼ 30% vs 2023 (€ 2,078,771) Favourable step	€ 1,020,452 Bank debt 2025: € 1,020,452 ▼ 30% vs 2024 (€ 1,456,695) Favourable step	▼ 30%
Balance sheet total	€ 5,471,570 Balance sheet total 2022: € 5,471,570 First fiscal year in the series	€ 6,898,800 Balance sheet total 2023: € 6,898,800 ▲ 26% vs 2022 (€ 5,471,570) Unchanged	€ 6,437,189 Balance sheet total 2024: € 6,437,189 ▼ 7% vs 2023 (€ 6,898,800) Unchanged	€ 6,284,043 Balance sheet total 2025: € 6,284,043 ▼ 2% vs 2024 (€ 6,437,189) Unchanged	▼ 2%
Employees (FTE)	18.1 Employees (FTE) 2022: 18.1 First fiscal year in the series	18 Employees (FTE) 2023: 18 ▼ 0.1 vs 2022 (18.1) Unchanged	17 Employees (FTE) 2024: 17 ▼ 1 vs 2023 (18) Unchanged	15.2 Employees (FTE) 2025: 15.2 ▼ 1.8 vs 2024 (17) Unchanged	▼ 1.8

Key figures of MGC Subcontracting, 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 MGC Subcontracting?

What happened at MGC Subcontracting in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 9, 2026 New annual accounts for financial year 2025: profit of € 486,324 (▲ 60% vs 2024). Source: NBB ↗
2025 JME Solutions BV became a director. NBB
2025 Bloom Management BV became a director. NBB
2025 Valmaco BV became a director. NBB
Jan 1, 1976 New establishment in Waregem. KBO
Jan 1, 1976 Start of the company according to the CBE. KBO

In short

From € 505,099 profit in 2022 to € 486,324 profit in 2025.

Paid € 557,377 in corporate taxes since 2022.

Best year ever: 2022, with € 505,099 profit.

On average € 178,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MWM 100%

The stake of MWM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MGC Subcontracting

Behind MGC Subcontracting are MWM BV, JME Solutions BV, Bloom Management BV and Valmaco BV. The shares are held by MWM (100%).

Directors

According to the 2025 annual accounts

MWM BV

Director · represented by Wim Matthys

Also active at: Motiv, IMVANTEX, MATTHYS, SHAPES METALPROJECTS, SHAPES IMMO

JME Solutions BV

Director · represented by Justin Matthys

Also active at: Motiv, MATTHYS

since 2025

Bloom Management BV

Director · represented by Charlotte Matthys

Also active at: Motiv, MATTHYS

since 2025

Valmaco BV

Director · represented by Valérie Matthys

Also active at: Motiv, MATTHYS

since 2025

Shareholders

MWM

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Leemputstraat 108

8792 Waregem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS mgcsubcontracting.com

Canonical: https://www.mgcsubcontracting.com/

About

Technologies

DrupalGoogle FontsGoogle Tag ManagerNginxPHP

Hosting & Email

Email provider

Self-hosted

Hosting

COMBELL-AS, BE

Domain

mgcsubcontracting.com

Registered

2010-03-12

Registrar

EPAG Domainservices GmbH

Expires

2027-03-12

Website info

HTTPS Ja

Languages EN, FR, NL

Features

Ads Contact page

Security

✓ HTTPS

✓ SPF

✗ DMARC

Network

✓ IPv6

Details

Company number

0415.808.415

VAT number

BE 0415.808.415

Registered office

Leemputstraat 108, 8792 Waregem

Names & denominations

MGC Subcontracting · MGC

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 January 1976

Peppol

Active · Active since 23 Apr 2025

Contact

mgcsubcontracting.com

Activities · NACE

Vervaardiging van machines voor de productie van textiel, kleding en leer

Bewerken en spinnen van textielvezels

Bewerken en spinnen van katoen- of katoenachtige vezels

View on CBE Public ↗ Annual accounts (NBB) ↗

MGC Subcontracting

Warning lights

Financials

What happened to MGC Subcontracting?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions