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 1 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
M & G from Brussel, company number BE0438056453, closed financial year 2024 with a result of € 12,168 after tax. For that financial year M & G recorded a gross margin of € 45,551 and equity of € 130,334. Compared with financial year 2023, the result moved from € 12,118 to € 12,168. 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 August 11, 2025.
€ 130,334
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,168
Profit after tax over the fiscal year.
€ 1,448
▲ € 1,089 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 68,334.
Debts at end 2024
€ 352,821
▼ 6% vs 2023
€ 19,568 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 694
▼ 87% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -12,440 | € -259 | € 25,649 | € 45,551 | ▲ 78% |
| Profit after taxes | € -30,901 | € -26,106 | € 12,118 | € 12,168 | |
| Equity | € 132,154 | € 106,049 | € 118,166 | € 130,334 | ▲ 10% |
| Total debts | € 621,889 | € 613,029 | € 677,900 | € 492,353 | ▼ 27% |
| Cash | € 56 | € 781 | € 359 | € 1,448 | ▲ € 1,089 |
| Land & buildings | € 511,640 | € 483,641 | € 554,643 | € 522,847 | ▼ 6% |
| Retained profit | € 70,154 | € 44,049 | € 56,166 | € 68,334 | ▲ 22% |
| Bank debt | € 419,446 | € 397,537 | € 376,688 | € 352,821 | ▼ 6% |
| Balance sheet total | € 875,395 | € 834,434 | € 905,283 | € 724,452 | ▼ 20% |
Key figures of M & G, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to M & G?
What happened at M & G in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 12,168. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,901 loss in 2021 to € 12,168 profit in 2024.
Paid € 334 in corporate taxes since 2021.
Best year ever: 2024, with € 12,168 profit.
Management
The stake of APACHE BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M & GBehind M & G are Francis Nolf and Dirk Van der Linden. The shares are held by APACHE BELGIUM (100%).
Directors
According to the 2024 annual accounts
Dirk Van der Linden
Gedelegeerd bestuurder
Also active at: KENSHY BRUSSELS, IMMO EDMA, RAPSODY, APACHE BELGIUM, CC DEVELOPMENT, KOTS ET MONS, FIFTH AVENUE REAL ESTATE
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 85
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →Lappland
€ 137,643 gross margin · 2025
Mondial Trading Services
AXIS MUNDI
€ 36,629 gross margin · 2025
Logistique des Infrastructures Sociales des Associations des Marolles
KENSHY BRUSSELS same network
€ -85,268 gross margin · 2025
+17 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.056.453
- VAT number
- BE 0438.056.453
- Registered office
- Louizalaan 85, 1050 Brussel
- Names & denominations
- M & G
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1989
- Peppol
- Active · Active since 17 Sept 2026