Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
M.G.D. Belgium from Gent, company number BE0442060375, closed financial year 2025 with a result of € -980 after tax. Compared with financial year 2024, the result moved from € -982 to € -980. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 5, 2026.
€ 2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -980
Profit after tax over the fiscal year.
€ 494
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 83,565.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 144
▲ 3% 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 | |
|---|---|---|---|---|---|
| Profit after taxes | € 0 | € 0 | € -982 | € -980 | |
| Equity | € 1,988,361 | € 1,988,361 | € 1,987,379 | € 1,986,399 | |
| Total debts | € 253,133 | € 202,174 | € 201,729 | € 202,545 | |
| Cash | € 65,388 | € 10,667 | € 5,121 | € 494 | ▼ 90% |
| Land & buildings | € 2,142,070 | € 2,142,070 | € 2,142,070 | € 2,142,070 | |
| Retained profit | € 85,526 | € 85,526 | € 84,544 | € 83,565 | ▼ 1% |
| Balance sheet total | € 2,241,494 | € 2,190,535 | € 2,189,108 | € 2,188,944 |
Key figures of M.G.D. Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to M.G.D. Belgium?
What happened at M.G.D. Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 980. Source: NBB ↗
- Upgrade Estate NV became a director. NBB
- Growing-UP BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 0 profit in 2022 to € 980 loss in 2025.
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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 M.G.D. Belgium are Upgrade Estate NV and Growing-UP BV. The same people are also behind Timi UpKot, 10 Upkot, Upliving Ghent - Queen, BACKSTAGE²UPKOT and Wing Upkot. Upgrade Estate NV is also behind TAPAZZ.
Directors
According to the 2025 annual accounts
Director · represented by Nele VAN DAMME
Also active at: Timi UpKot, 10 Upkot, Upliving Ghent - Queen, BACKSTAGE²UPKOT, Wing Upkot, Field Upkot, Mia UpKot, Upoffiz | Upliving Ghent – Loop5 +19 more
since 2020
Director · represented by Koenraad BELSACK
Also active at: Timi UpKot, 10 Upkot, Upliving Ghent - Queen, BACKSTAGE²UPKOT, Wing Upkot, Field Upkot, Mia UpKot, Upoffiz | Upliving Ghent – Loop5 +18 more
since 2020
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies at this address →UPGRADE ESTATE GROUP
€ 3 million gross margin · 2025
WESTATE
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia
€ 43,171 gross margin · 2025
+57 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
- 0442.060.375
- VAT number
- BE 0442.060.375
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- M.G.D. Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 1990
- Peppol
- Active · Active since 22 May 2025