What is the address of M.G. FINANCES?

The registered office of M.G. FINANCES is located at Parc Industriel(W-B) 9, 1440 Braine-le-Château.

Is M.G. FINANCES still active?

No. The CBE lists M.G. FINANCES with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is M.G. FINANCES registered on Peppol?

No, M.G. FINANCES is currently not registered on the Peppol network.

What is the enterprise number of M.G. FINANCES?

The enterprise number of M.G. FINANCES is BE0472140768.

When was M.G. FINANCES founded?

M.G. FINANCES was founded on 19 June 2000.

Who are the directors of M.G. FINANCES?

According to the 2023 annual accounts, the directors of M.G. FINANCES are: MISOHAMA SA, MITISKA SA, EYKENVELD SRL, Luc GEUTEN.

Is M.G. FINANCES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 19 June 2000; 2 annual accounts filed, latest fiscal year 2023; 4 directors known from the annual account.

How much profit did M.G. FINANCES make in 2023?

M.G. FINANCES recorded a loss after taxes of € 31,349 in financial year 2023.

What is the revenue of M.G. FINANCES?

In its most recent annual accounts (2023), M.G. FINANCES reported revenue of € 16,040,830.

How much does an employee at M.G. FINANCES earn?

The average wage cost per full-time employee at M.G. FINANCES was € 64,600 in 2023: staff costs of € 3.2 million for 50.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does M.G. FINANCES have?

According to the 2023 annual accounts, M.G. FINANCES has 50.3 full-time equivalents (FTE).

M.G. FINANCES (Public Limited) - Braine-le-Château

Q: What does M.G. FINANCES do?

M.G. FINANCES is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Public Limited, started on 19 June 2000, 1 establishment.

Dossier M.G. FINANCES, printed on 31 October 2026 from databakkes.be/en/0472140768/m-g-finances. 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.

Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

M.G. FINANCES from Braine-le-Château, company number BE0472140768, closed financial year 2023 with a result of € -31,349 after tax. For that financial year M.G. FINANCES recorded revenue of € 16 million and equity of € 24.7 million. Compared with financial year 2022, the result moved from € 556,288 to € -31,349. 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 August 31, 2023.

What it is worth Healthy

€ 24.7 million

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

Loss Caution

€ -31,349

▼ still € 556,288 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 93,723

▼ 45% vs 2022

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -15.3 million.

People and assets in 2023

Full-time equivalents

50.3

▲ 1.3 vs 2022

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 10.4 million in 2023, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.2 million

▲ 12% vs 2022

€ 64,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 357,915

▼ 15% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt ≈ 17 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.

€ 30.4 million

▲ 3% vs 2022

€ 961,250 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.

Owed to suppliers

€ 3.4 million

▲ 16% vs 2022

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 121 days on average.

Taxes and wages

€ 596,618

▼ 31% vs 2022

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	Change 2022 → 2023
Revenue	€ 14,555,685 Revenue 2022: € 14,555,685 First fiscal year in the series	€ 16,040,830 Revenue 2023: € 16,040,830 ▲ 10% vs 2022 (€ 14,555,685) Favourable step	▲ 10%
Profit after taxes	€ 556,288 Profit after taxes 2022: € 556,288 First fiscal year in the series	€ -31,349 Profit after taxes 2023: € -31,349 ▼ € 587,637 vs 2022 (€ 556,288) Unfavourable step	▼ € 587,637
Equity	€ 24,694,304 Equity 2022: € 24,694,304 First fiscal year in the series	€ 24,662,955 Equity 2023: € 24,662,955 Unchanged (€ 24,694,304) Unfavourable step
Total debts	€ 40,889,363 Total debts 2022: € 40,889,363 First fiscal year in the series	€ 41,063,040 Total debts 2023: € 41,063,040 Unchanged (€ 40,889,363) Unfavourable step
Cash	€ 169,849 Cash 2022: € 169,849 First fiscal year in the series	€ 93,723 Cash 2023: € 93,723 ▼ 45% vs 2022 (€ 169,849) Unfavourable step	▼ 45%
Retained profit	€ -15,305,696 Retained profit 2022: € -15,305,696 First fiscal year in the series	€ -15,337,045 Retained profit 2023: € -15,337,045 Unchanged (€ -15,305,696) Unfavourable step
Bank debt	€ 29,498,601 Bank debt 2022: € 29,498,601 First fiscal year in the series	€ 30,416,972 Bank debt 2023: € 30,416,972 ▲ 3% vs 2022 (€ 29,498,601) Unfavourable step	▲ 3%
Balance sheet total	€ 65,583,667 Balance sheet total 2022: € 65,583,667 First fiscal year in the series	€ 65,725,995 Balance sheet total 2023: € 65,725,995 Unchanged (€ 65,583,667) Unchanged
Employees (FTE)	49 Employees (FTE) 2022: 49 First fiscal year in the series	50.3 Employees (FTE) 2023: 50.3 ▲ 1.3 vs 2022 (49) Unchanged	▲ 1.3

Key figures of M.G. FINANCES, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 August 2024.

What happened to M.G. FINANCES?

What happened at M.G. FINANCES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

M.G. FINANCES is active according to the CBE. Legal situation: Opening faillissement.

2027 MISOHAMA SA stepped down as director. NBB
2027 EYKENVELD SRL stepped down as director. NBB
2025 MITISKA SA stepped down as director. NBB
2025 Luc GEUTEN stepped down as director. NBB
Aug 31, 2023 New annual accounts for financial year 2023: loss of € 31,349 (▼ € 587,637 vs 2022). Source: NBB ↗
2023 EYKENVELD SRL became a director. NBB
2022 MISOHAMA SA became a director. NBB
2019 MITISKA SA became a director. NBB

In short

From € 556,288 profit in 2022 to € 31,349 loss in 2023.

Paid € 382,019 in corporate taxes since 2022.

Best year ever: 2022, with € 556,288 profit.

Pays suppliers within 121 days on average.

Original PDFs at the National Bank ↗

Management

MISOHAMA SA 100%

M.G. FINANCES

PAPRIKA SA 100%

PAPRIKA NEDERLAND BV 100%

PAPRIKA FRANCE SAS 100%

CASSIS SA 100%

The shares are held by MISOHAMA SA (100%). It owns 100% of PAPRIKA SA, 100% of PAPRIKA NEDERLAND BV, 100% of PAPRIKA FRANCE SAS, 100% of CASSIS SA, 100% of PAPRIKA DEUTSCHLAND Gmbh and 100% of CP RETAIL SA itself.

Directors

According to the 2023 annual accounts

MISOHAMA SA

Managing director · represented by Jacques HAYEZ

since 2022 · until 2027

MITISKA SA

Director · represented by Bernard RAEVENS

Also active at: NANOCYL, BARQ, BARQ EUROPE

since 2019 · until 2025

EYKENVELD SRL

Managing director · represented by Geoffrey BAUDTS

Also active at: EURO COSMETICS TRADING

since 2023 · until 2027

Luc GEUTEN

Director

Also active at: Arlini, BOSTON, MAIN HOLDING, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, MITISKA, CAPITAL INVESTMENT PARTNERS, BARQ, BOSTON INVEST +9 more

since 2019 · until 2025

Shareholders

MISOHAMA SA

100%

Participations

PAPRIKA SA

100%

PAPRIKA NEDERLAND BV

100%

PAPRIKA FRANCE SAS

100%

CASSIS SA

100%

PAPRIKA DEUTSCHLAND Gmbh

100%

CP RETAIL SA

100%

GGH

99.3%

Establishments

Establishment units

Physical locations of this company

Registered office

Parc Industriel(W-B) 9

1440 Braine-le-Château

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

PAPRIKA same network

€ 40 million revenue · 2023

CP RETAIL same network

€ 26 million revenue · 2023

CASSIS same network

€ 20 million revenue · 2023

CPBE

CPHQ

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

Details

Company number

0472.140.768

VAT number

BE 0472.140.768

Registered office

Parc Industriel(W-B) 9, 1440 Braine-le-Château

Names & denominations

M.G. FINANCES

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Opening faillissement

Start date

19 June 2000

Peppol

Not registered

Contact

02 367 16 70

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

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

Markt- en opinieonderzoek

Handel in eigen onroerend goed

Marktonderzoekbureaus

Handel in onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

M.G. FINANCES

Warning lights

Financials

What happened to M.G. FINANCES?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions