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 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MANAGEMENT ADVICE GROUP from Watermaal-Bosvoorde, company number BE0422528040, closed financial year 2025 with a result of € 50,301 after tax. For that financial year MANAGEMENT ADVICE GROUP recorded a gross margin of € 231,240 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -33,491 to € 50,301. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2025.
€ 2.1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 50,301
▲ still € 33,491 loss in 2024
Profit after tax over the fiscal year.
€ 34,306
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 862,734.
People and assets in 2025
€ 1.6 million
▼ 4% vs 2024
Of which on lease € 1.6 million.
Debts at end 2025
€ 1.9 million
▼ 15% vs 2024
€ 208,039 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 11,956
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,621,267 | € 125,928 | € 178,450 | € 231,240 | ▲ 30% |
| Profit after taxes | € 1,090,233 | € -62,589 | € -33,491 | € 50,301 | ▲ € 83,793 |
| Equity | € 2,164,051 | € 2,101,463 | € 2,067,972 | € 2,118,273 | ▲ 2% |
| Total debts | € 4,903,290 | € 4,879,350 | € 4,698,434 | € 4,353,587 | ▼ 7% |
| Cash | € 167,440 | € 308,835 | € 111,447 | € 34,306 | ▼ 69% |
| Land & buildings | € 857,565 | € 835,845 | € 812,262 | € 786,961 | ▼ 3% |
| Retained profit | € 908,512 | € 845,923 | € 812,432 | € 862,734 | ▲ 6% |
| Bank debt | € 2,255,372 | € 2,213,065 | € 2,206,907 | € 1,879,500 | ▼ 15% |
| Balance sheet total | € 10,327,605 | € 10,175,326 | € 9,884,187 | € 9,510,745 | ▼ 4% |
Key figures of MANAGEMENT ADVICE GROUP, 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 October 2026.
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:
- New annual accounts for financial year 2025: profit of € 50,301. Source: NBB ↗
- Maximilien T'Scharner became a director. NBB
- NICOLE VAN BIERBEEK became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 50,301 profit in 2025.
Paid € 189 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
A new publication or filing at MANAGEMENT ADVICE GROUP? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MANAGEMENT ADVICE GROUP are Maximilien T'Scharner and NICOLE VAN BIERBEEK. It owns 100% of VLEURGAT CENTER HOUSE itself.
Directors
According to the 2025 annual accounts
Maximilien T'Scharner
Director
since 2024
since 2023
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 20
1170 Watermaal-Bosvoorde
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
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