What is the address of MANAGEMENT ADVICE GROUP?

The registered office of MANAGEMENT ADVICE GROUP is located at Terhulpsesteenweg 177 box 20, 1170 Watermaal-Bosvoorde.

Is MANAGEMENT ADVICE GROUP still active?

Yes. According to the CBE (31 October 2026) MANAGEMENT ADVICE GROUP is active, legal situation “Normale toestand”, started on 17 March 1982.

Is MANAGEMENT ADVICE GROUP registered on Peppol?

Yes, MANAGEMENT ADVICE GROUP is registered on the Peppol network with ID 0208:0422528040.

What is the enterprise number of MANAGEMENT ADVICE GROUP?

The enterprise number of MANAGEMENT ADVICE GROUP is BE0422528040.

When was MANAGEMENT ADVICE GROUP founded?

MANAGEMENT ADVICE GROUP was founded on 17 March 1982.

Who are the directors of MANAGEMENT ADVICE GROUP?

According to the 2026 annual accounts, the directors of MANAGEMENT ADVICE GROUP are: Maximilien T'Scharner, NICOLE VAN BIERBEEK.

Is MANAGEMENT ADVICE GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 March 1982; 5 annual accounts filed, latest fiscal year 2026; 2 directors known from the annual account.

How much profit did MANAGEMENT ADVICE GROUP make in 2026?

MANAGEMENT ADVICE GROUP posted a profit after taxes of € 28,880 in financial year 2026.

What is the revenue of MANAGEMENT ADVICE GROUP?

As a small company, MANAGEMENT ADVICE GROUP is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 203,809.

MANAGEMENT ADVICE GROUP - Watermaal-Bosvoorde

Q: What does MANAGEMENT ADVICE GROUP do?

MANAGEMENT ADVICE GROUP is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Limited partnership, started on 17 March 1982, 1 establishment.

Dossier MANAGEMENT ADVICE GROUP, printed on 31 October 2026 from databakkes.be/en/0422528040/management-advice-group. 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.

Tight liquidity NBB

Cash and receivables cover 3 % of short-term debt in 2026; threshold 65 %.
Busy address KBO

24 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2026

MANAGEMENT ADVICE GROUP from Watermaal-Bosvoorde, company number BE0422528040, closed financial year 2026 with a result of € 28,880 after tax. For that financial year MANAGEMENT ADVICE GROUP recorded a gross margin of € 203,809 and equity of € 2.1 million. Compared with financial year 2025, the result moved from € 50,301 to € 28,880. 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 October 28, 2026.

What it is worth Growing

€ 2.1 million

▲ 1% vs 2025

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

Profit Healthy

€ 28,880

▼ 43% vs 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 66,297

▲ 93% vs 2025

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

Where the profit goes Growing

Stays in the company

No dividend for 2026. Retained profit grew to € 891,614.

People and assets in 2026

Vehicles and equipment

€ 1.6 million

▼ 5% vs 2025

Of which on lease € 1.6 million.

Debts at end 2026

Bank debt ≈ 9 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.

€ 1.8 million

▼ 4% vs 2025

€ 208,941 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 24,556

▲ 105% vs 2025

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

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Gross margin	€ 125,928 Gross margin 2023: € 125,928 First fiscal year in the series	€ 178,450 Gross margin 2024: € 178,450 ▲ 42% vs 2023 (€ 125,928) Favourable step	€ 231,240 Gross margin 2025: € 231,240 ▲ 30% vs 2024 (€ 178,450) Favourable step	€ 203,809 Gross margin 2026: € 203,809 ▼ 12% vs 2025 (€ 231,240) Unfavourable step	▼ 12%
Profit after taxes	€ -62,589 Profit after taxes 2023: € -62,589 First fiscal year in the series	€ -33,491 Profit after taxes 2024: € -33,491 ▲ € 29,098 vs 2023 (€ -62,589) Favourable step	€ 50,301 Profit after taxes 2025: € 50,301 ▲ € 83,793 vs 2024 (€ -33,491) Favourable step	€ 28,880 Profit after taxes 2026: € 28,880 ▼ 43% vs 2025 (€ 50,301) Unfavourable step	▼ 43%
Equity	€ 2,101,463 Equity 2023: € 2,101,463 First fiscal year in the series	€ 2,067,972 Equity 2024: € 2,067,972 ▼ 2% vs 2023 (€ 2,101,463) Unfavourable step	€ 2,118,273 Equity 2025: € 2,118,273 ▲ 2% vs 2024 (€ 2,067,972) Favourable step	€ 2,147,153 Equity 2026: € 2,147,153 ▲ 1% vs 2025 (€ 2,118,273) Favourable step	▲ 1%
Total debts	€ 4,879,350 Total debts 2023: € 4,879,350 First fiscal year in the series	€ 4,698,434 Total debts 2024: € 4,698,434 ▼ 4% vs 2023 (€ 4,879,350) Favourable step	€ 4,353,587 Total debts 2025: € 4,353,587 ▼ 7% vs 2024 (€ 4,698,434) Favourable step	€ 4,260,071 Total debts 2026: € 4,260,071 ▼ 2% vs 2025 (€ 4,353,587) Favourable step	▼ 2%
Cash	€ 308,835 Cash 2023: € 308,835 First fiscal year in the series	€ 111,447 Cash 2024: € 111,447 ▼ 64% vs 2023 (€ 308,835) Unfavourable step	€ 34,306 Cash 2025: € 34,306 ▼ 69% vs 2024 (€ 111,447) Unfavourable step	€ 66,297 Cash 2026: € 66,297 ▲ 93% vs 2025 (€ 34,306) Favourable step	▲ 93%
Land & buildings	€ 835,845 Land & buildings 2023: € 835,845 First fiscal year in the series	€ 812,262 Land & buildings 2024: € 812,262 ▼ 3% vs 2023 (€ 835,845) Unchanged	€ 786,961 Land & buildings 2025: € 786,961 ▼ 3% vs 2024 (€ 812,262) Unchanged	€ 766,932 Land & buildings 2026: € 766,932 ▼ 3% vs 2025 (€ 786,961) Unchanged	▼ 3%
Retained profit	€ 845,923 Retained profit 2023: € 845,923 First fiscal year in the series	€ 812,432 Retained profit 2024: € 812,432 ▼ 4% vs 2023 (€ 845,923) Unfavourable step	€ 862,734 Retained profit 2025: € 862,734 ▲ 6% vs 2024 (€ 812,432) Favourable step	€ 891,614 Retained profit 2026: € 891,614 ▲ 3% vs 2025 (€ 862,734) Favourable step	▲ 3%
Bank debt	€ 2,213,065 Bank debt 2023: € 2,213,065 First fiscal year in the series	€ 2,206,907 Bank debt 2024: € 2,206,907 Unchanged (€ 2,213,065) Favourable step	€ 1,879,500 Bank debt 2025: € 1,879,500 ▼ 15% vs 2024 (€ 2,206,907) Favourable step	€ 1,804,142 Bank debt 2026: € 1,804,142 ▼ 4% vs 2025 (€ 1,879,500) Favourable step	▼ 4%
Balance sheet total	€ 10,175,326 Balance sheet total 2023: € 10,175,326 First fiscal year in the series	€ 9,884,187 Balance sheet total 2024: € 9,884,187 ▼ 3% vs 2023 (€ 10,175,326) Unchanged	€ 9,510,745 Balance sheet total 2025: € 9,510,745 ▼ 4% vs 2024 (€ 9,884,187) Unchanged	€ 9,364,476 Balance sheet total 2026: € 9,364,476 ▼ 2% vs 2025 (€ 9,510,745) Unchanged	▼ 2%

Key figures of MANAGEMENT ADVICE GROUP, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to MANAGEMENT ADVICE GROUP?

What happened at MANAGEMENT ADVICE GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 28, 2026 New annual accounts for financial year 2026: profit of € 28,880 (▼ 43% vs 2025). Source: NBB ↗
2024 Maximilien T'Scharner became a director. NBB
2023 NICOLE VAN BIERBEEK became a director. NBB
Aug 16, 1990 New establishment in Brussel. KBO
Mar 17, 1982 Start of the company according to the CBE. KBO

In short

From € 62,589 loss in 2023 to € 28,880 profit in 2026.

Paid € 189 in corporate taxes since 2023.

Best year ever: 2025, with € 50,301 profit.

Original PDFs at the National Bank ↗

Management

Maximilien T'Scharner

NICOLE VAN BIERBEEK

MANAGEMENT ADVICE GROUP

VLEURGAT CENTER HOUSE 100%

Behind MANAGEMENT ADVICE GROUP are Maximilien T'Scharner and NICOLE VAN BIERBEEK. It owns 100% of VLEURGAT CENTER HOUSE itself.

Directors

According to the 2026 annual accounts

Maximilien T'Scharner

Director

since 2024

NICOLE VAN BIERBEEK

Director

Also active at: VLEURGAT CENTER HOUSE

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Terhulpsesteenweg 177 box 20

1170 Watermaal-Bosvoorde

2.020.187.722

Vleurgatsesteenweg 206

1000 Brussel

Active since 16 August 1990

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.

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

Details

Company number

0422.528.040

VAT number

BE 0422.528.040

Registered office

Terhulpsesteenweg 177 bus 20, 1170 Watermaal-Bosvoorde

Names & denominations

MANAGEMENT ADVICE GROUP · M.A.G.

Enterprise type

Rechtspersoon

Legal form

Limited partnership

Legal situation

Normale toestand

Start date

17 March 1982

Peppol

Active · Active since 5 Jan 2026

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗