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 3 of the last 4 fiscal years.
Financials
Financial year 2025
MG DRESSAGE CONSULTING from Waregem, company number BE0543673320, closed financial year 2025 with a result of € -35,420 after tax. For that financial year MG DRESSAGE CONSULTING recorded a gross margin of € -4,161 and equity of € -34,924. Compared with financial year 2024, the result moved from € 8,159 to € -35,420. 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 February 28, 2026.
€ -34,924
▼ € 35,420 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,420
▼ still € 8,159 profit in 2024
Profit after tax over the fiscal year.
€ 47,324
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -53,524.
People and assets in 2025
€ 94,289
▲ 80% vs 2024
Of which on lease € 87,790.
Debts at end 2025
€ 203,874
▲ 21% vs 2024
€ 15,146 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 18,990
▲ 245% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,485
▼ 14% 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 | € 64,960 | € 108,151 | € 53,271 | € -4,161 | ▼ € 57,432 |
| Profit after taxes | € -2,340 | € 36,662 | € 8,159 | € -35,420 | ▼ € 43,579 |
| Equity | € -44,324 | € -7,662 | € 496 | € -34,924 | ▼ € 35,420 |
| Total debts | € 293,045 | € 239,353 | € 206,705 | € 244,523 | ▲ 18% |
| Cash | € 48,442 | € 84,129 | € 92,717 | € 47,324 | ▼ 49% |
| Land & buildings | € 30,843 | € 29,871 | € 28,900 | € 27,928 | ▼ 3% |
| Retained profit | € -62,924 | € -26,262 | € -18,104 | € -53,524 | ▼ € 35,420 |
| Bank debt | € 212,256 | € 183,750 | € 167,848 | € 203,874 | ▲ 21% |
| Balance sheet total | € 248,721 | € 231,691 | € 207,202 | € 209,599 | ▲ 1% |
Key figures of MG DRESSAGE CONSULTING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MG DRESSAGE CONSULTING?
What happened at MG DRESSAGE CONSULTING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 35,420 (▼ € 43,579 vs 2024). filed late Source: NBB ↗
- Pierre-Paul VANGHELUWE became a director. NBB
- Camille VANGHELUWE became a director. NBB
- Michèle GEORGE became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,340 loss in 2022 to € 35,420 loss in 2025.
Paid € 12,144 in corporate taxes since 2022.
Best year ever: 2023, with € 36,662 profit.
A new publication or filing at MG DRESSAGE CONSULTING? 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 MG DRESSAGE CONSULTING are Michèle GEORGE, Pierre-Paul VANGHELUWE and Camille VANGHELUWE. Michèle GEORGE is also behind Toegankelijk Vlaanderen.
Directors
According to the 2025 annual accounts
since 2019
Pierre-Paul VANGHELUWE
Director
since 2023
Camille VANGHELUWE
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Galopstraat 19
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.673.320
- VAT number
- BE 0543.673.320
- Registered office
- Galopstraat 19, 8790 Waregem
- Names & denominations
- MG DRESSAGE CONSULTING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2013
- Peppol
- Active · Active since 31 Jul 2026
- Activities · NACE
Exploitatie van sportaccommodaties
Activiteiten van paardensportclubs
Fokken en houden van paarden en andere paardachtigen
Sport- en recreatieonderwijs
Exploitatie van recreatiedomeinen