Financials
Financial year 2025
MGD Y&Z from Tournai, company number BE0474097990, closed financial year 2025 with a result of € 254,985 after tax. For that financial year MGD Y&Z recorded a gross margin of € 469,392 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 49,513 to € 254,985. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 12, 2026.
€ 1.2 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 254,985
▲ € 205,472 vs 2024
Profit after tax over the fiscal year.
€ 59,633
▼ 47% 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 € 1.2 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 94,841
▼ 27% vs 2024
€ 47,400 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.
€ 66,163
▲ € 56,971 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 540,621
▼ 8% vs 2024
€ 52,084 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 84,828
▲ 132% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 185,527
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 382,830 | € 459,082 | € 395,105 | € 469,392 | ▲ 19% |
| Profit after taxes | € 160,142 | € 176,126 | € 49,513 | € 254,985 | ▲ € 205,472 |
| Equity | € 753,377 | € 929,503 | € 925,748 | € 1,180,733 | ▲ 28% |
| Total debts | € 126,537 | € 238,034 | € 815,117 | € 814,470 | |
| Cash | € 563,631 | € 381,067 | € 112,956 | € 59,633 | ▼ 47% |
| Land & buildings | - | - | € 831,294 | € 809,459 | ▼ 3% |
| Retained profit | € 734,377 | € 910,503 | € 906,748 | € 1,161,733 | ▲ 28% |
| Dividend | € 0 | € 0 | € 53,267 | € 0 | ▼ 100% |
| Bank debt | € 17,968 | € 12,494 | € 587,722 | € 540,621 | ▼ 8% |
| Balance sheet total | € 879,914 | € 1,167,537 | € 1,740,865 | € 1,995,203 | ▲ 15% |
| Employees (FTE) | 2.5 | 3 | 2 | 2 |
Key figures of MGD Y&Z, 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 MGD Y&Z?
What happened at MGD Y&Z in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 254,985 (▲ € 205,472 vs 2024). filed late Source: NBB ↗
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 160,142 profit in 2022 to € 254,985 profit in 2025.
Paid € 284,258 in corporate taxes since 2022.
Best year ever: 2025, with € 254,985 profit.
On average € 234,700 of value added per employee in 2025.
A new publication or filing at MGD Y&Z? 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 MGD Y&Z are XIAOHUA ZHU and KUAN-HUNG CHEN. XIAOHUA ZHU is also behind GO CHI and CELADA.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tournai(R-C) 2
7520 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.097.990
- VAT number
- BE 0474.097.990
- Registered office
- Chaussée de Tournai(R-C) 2, 7520 Tournai
- Names & denominations
- MGD Y&Z
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2001
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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