Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
Financials
Financial year 2025
M.G.L. BELGIUM from Hasselt, company number BE0541745097, closed financial year 2025 with a result of € -259,763 after tax. For that financial year M.G.L. BELGIUM recorded a gross margin of € -787 and equity of € -20,194. Compared with financial year 2024, the result moved from € 5,959 to € -259,763. The company made a loss. 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.
€ -20,194
▼ € 259,763 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -259,763
▼ still € 5,959 profit in 2024
Profit after tax over the fiscal year.
€ 296
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -95,194.
People and assets in 2025
€ 7,650
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,601
▼ 42% vs 2024
€ 3,427 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 400
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,891
▼ 73% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,750 | € 16,322 | € -2,619 | € -787 | ▲ € 1,832 |
| Profit after taxes | € 11,246 | € 18,363 | € 5,959 | € -259,763 | ▼ € 265,721 |
| Equity | € 215,248 | € 233,611 | € 239,569 | € -20,194 | ▼ € 259,763 |
| Total debts | € 78,143 | € 79,628 | € 80,308 | € 73,863 | ▼ 8% |
| Cash | € 188 | € 160 | € 611 | € 296 | ▼ 51% |
| Retained profit | € 140,248 | € 158,611 | € 164,569 | € -95,194 | ▼ € 259,763 |
| Bank debt | € 0 | € 0 | € 7,886 | € 4,601 | ▼ 42% |
| Balance sheet total | € 293,391 | € 313,239 | € 319,877 | € 53,669 | ▼ 83% |
Key figures of M.G.L. 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 31 July 2027.
What happened to M.G.L. BELGIUM?
What happened at M.G.L. BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maria Jeanne Achten stepped down as director. NBB
- Patirroca stepped down as director. NBB
- Annick Françoise Deboes stepped down as director. NBB
- Yves Karel Robijns stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 259,763 (▼ € 265,721 vs 2024). filed late Source: NBB ↗
- Maria Jeanne Achten became a director. NBB
- Patirroca became a director. NBB
- Annick Françoise Deboes became a director. NBB
In short
From € 11,246 profit in 2022 to € 259,763 loss in 2025.
Paid € 37,394 in corporate taxes since 2022.
Best year ever: 2023, with € 18,363 profit.
A new publication or filing at M.G.L. BELGIUM? 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
The stake of PATIRROCA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M.G.L. BELGIUMThe shares are held by PATIRROCA (94%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Director
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Shareholders
94%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zammelenstraat 11
3724 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0541.745.097
- VAT number
- BE 0541.745.097
- Registered office
- Zammelenstraat 11, 3724 Hasselt
- Names & denominations
- M.G.L. BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2013
- Peppol
- Active · Active since 27 Dec 2025
- Activities · NACE
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