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 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mgineering from Overijse, company number BE0539944263, closed financial year 2025 with a result of € 125,033 after tax. For that financial year Mgineering recorded a gross margin of € 552,042 and equity of € 191,568. Compared with financial year 2024, the result moved from € 112,633 to € 125,033. Profitable, and profit is growing. The buffer shrank hard: equity is 80 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 191,568
▼ 80% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,033
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 204,385
▲ € 156,561 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 892,075 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 231,445
▲ 26% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 99,986
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 283,687
▼ 17% vs 2024
€ 49,326 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 52,773
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 229,051
▲ € 202,929 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 443,167 | € 500,326 | € 441,511 | € 552,042 | ▲ 25% |
| Profit after taxes | € 119,571 | € 120,295 | € 112,633 | € 125,033 | ▲ 11% |
| Equity | € 725,683 | € 845,978 | € 958,610 | € 191,568 | ▼ 80% |
| Total debts | € 171,800 | € 280,537 | € 418,507 | € 1,309,910 | ▲ 213% |
| Cash | € 178,459 | € 184,940 | € 47,824 | € 204,385 | ▲ € 156,561 |
| Land & buildings | - | - | € 307,932 | € 296,057 | ▼ 4% |
| Retained profit | € 707,083 | € 827,378 | € 940,010 | € 172,968 | ▼ 82% |
| Dividend | € 0 | € 0 | € 0 | € 892,075 | |
| Bank debt | € 58,706 | € 152,663 | € 342,977 | € 283,687 | ▼ 17% |
| Balance sheet total | € 899,357 | € 1,127,889 | € 1,377,991 | € 1,501,478 | ▲ 9% |
Key figures of Mgineering, 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 Mgineering?
What happened at Mgineering in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 125,033 (▲ 11% vs 2024). filed late Source: NBB ↗
- MICHEL CHRISTIAEN became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
- New establishment in Overijse. KBO
In short
From € 119,571 profit in 2022 to € 125,033 profit in 2025.
Paid € 152,110 in corporate taxes since 2022.
Best year ever: 2025, with € 125,033 profit.
Paid out € 892,075 in dividends to the owners in total.
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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 Mgineering is MICHEL CHRISTIAEN.
Directors
According to the 2025 annual accounts
MICHEL CHRISTIAEN
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Struiwislaan 15
3090 Overijse
Leuvensesteenweg 643
1930 Zaventem
Active since 1 July 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0539.944.263
- VAT number
- BE 0539.944.263
- Registered office
- Struiwislaan 15, 3090 Overijse
- Names & denominations
- Mgineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2013
- Peppol
- Active · Active since 26 Jul 2024
- Activities · NACE
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Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
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