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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M.G. STYLE from Saint-Ghislain, company number BE0454145387, closed financial year 2025 with a result of € 4,870 after tax. For that financial year M.G. STYLE recorded a gross margin of € 31,002 and equity of € -8,652. Compared with financial year 2024, the result moved from € -13,463 to € 4,870. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -8,652
▲ € 4,870 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,870
▲ still € 13,463 loss in 2024
Profit after tax over the fiscal year.
€ 199
▲ € 159 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 € -27,244.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 76,540
▼ 20% vs 2024
€ 8,783 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 9,506
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,692
▼ 83% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 225,226 | - | - | |
| Gross margin | € 15,061 | € 34,334 | € -2,007 | € 31,002 | ▲ € 33,009 |
| Profit after taxes | € -7,582 | € 7,015 | € -13,463 | € 4,870 | ▲ € 18,333 |
| Equity | € -7,075 | € -59 | € -13,522 | € -8,652 | ▲ € 4,870 |
| Total debts | € 134,231 | € 126,725 | € 113,172 | € 87,738 | ▼ 22% |
| Cash | € 869 | € 6,029 | € 40 | € 199 | ▲ € 159 |
| Land & buildings | € 84,800 | € 78,400 | € 74,600 | € 70,800 | ▼ 5% |
| Retained profit | € -25,667 | € -18,651 | € -32,114 | € -27,244 | ▲ € 4,870 |
| Bank debt | € 108,263 | € 94,849 | € 95,560 | € 76,540 | ▼ 20% |
| Balance sheet total | € 127,156 | € 126,666 | € 99,650 | € 79,086 | ▼ 21% |
Key figures of M.G. STYLE, 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 M.G. STYLE?
What happened at M.G. STYLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,870. filed late Source: NBB ↗
- New establishment in Saint-Ghislain. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,582 loss in 2022 to € 4,870 profit in 2025.
Paid € 14,503 in corporate taxes since 2022.
Best year ever: 2023, with € 7,015 profit.
Management
Behind M.G. STYLE is Jacques MIATTON.
Directors
According to the 2025 annual accounts
Jacques MIATTON
Director
Establishments
Establishment units
Physical locations of this company
Rue des Muguets(B) 13
7331 Saint-Ghislain
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.145.387
- VAT number
- BE 0454.145.387
- Registered office
- Rue des Muguets(B) 13, 7331 Saint-Ghislain
- Names & denominations
- M.G. STYLE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1994
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Schrijnwerk
Vervaardiging van schrijn- en timmerwerk
Vervaardiging van ander schrijn- en timmerwerk
Reparatie en onderhoud van meubelen en stoffering
Detailhandel in huismeubilair
Vervaardiging van overige keukenmeubelen
Detailhandel in huismeubilair in gespecialiseerde winkels