Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MGD Industries from Gent, company number BE0556733973, closed financial year 2025 with a result of € -2,852 after tax. For that financial year MGD Industries recorded a gross margin of € 380,686 and equity of € 22,643. Compared with financial year 2024, the result moved from € -95,358 to € -2,852. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 5, 2026.
€ 22,643
▲ € 114,639 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,852
▲ 97 % less loss than in 2024
Profit after tax over the fiscal year.
€ 755,127
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38,857.
People and assets in 2025
1.2
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 179,966
▲ 25% vs 2024
€ 150,000 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 328,206
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,051
▲ 197% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 382,081 | € 229,799 | € 198,986 | € 380,686 | ▲ 91% |
| Profit after taxes | € 207,388 | € 11,107 | € -95,358 | € -2,852 | ▲ € 92,506 |
| Equity | € -7,745 | € 3,362 | € -91,996 | € 22,643 | ▲ € 114,639 |
| Total debts | € 679,248 | € 1,002,166 | € 4,452,299 | € 3,796,797 | ▼ 15% |
| Cash | € 104,877 | € 527,572 | € 2,171,550 | € 755,127 | ▼ 65% |
| Retained profit | € -69,245 | € -58,138 | € -153,496 | € -38,857 | ▲ € 114,639 |
| Balance sheet total | € 671,504 | € 1,005,529 | € 4,360,303 | € 3,819,440 | ▼ 12% |
| Employees (FTE) | 1 | 1 | 1.1 | 1.2 | ▲ 0.1 |
Key figures of MGD Industries, 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 Industries?
What happened at MGD Industries in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,852. filed late Source: NBB ↗
- Mg Investment stepped down as director. NBB
- A.M. stepped down as director. NBB
- Mg Investment became a director. NBB
- New establishment in Deinze. KBO
- A.M. became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 207,388 profit in 2022 to € 2,852 loss in 2025.
Paid € 24,857 in corporate taxes since 2022.
Best year ever: 2022, with € 207,388 profit.
On average € 317,200 of value added per employee in 2025.
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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 shares are held by MG Real Estate Luxembourg (83.7%) and Mg Re Invest S.A. (16.3%).
Directors
According to the 2025 annual accounts
Director · represented by Laure Devuyst
Also active at: MG CITY STATION, PAULOWNIA, STASIMO, Maple Land, PROJECT KLOOSTERSTRAAT, ABIES ALBA, DULLE GRIET GARDEN, SASAELLA +43 more
since 2023 · until 2026
since 2020 · until 2026
Shareholders
MG Real Estate Luxembourg
83.7%
Mg Re Invest S.A.
16.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanade Oscar Van de Voorde 1
9000 Gent
Bijlkenstraat 13
9850 Deinze
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →VDL-INTERASS
€ 2.8 million gross margin · 2025
MG CITY STATION same network
€ 27,077 gross margin · 2025
PAULOWNIA same network
€ 2.7 million gross margin · 2025
STASIMO same network
€ -16,816 gross margin · 2025
NEVIMO
€ 2.8 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0556.733.973
- VAT number
- BE 0556.733.973
- Registered office
- Esplanade Oscar Van de Voorde 1, 9000 Gent
- Names & denominations
- MGD Industries
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2014
- Peppol
- Active · Active since 25 Aug 2025
- Activities · NACE
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