Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.1 to 2.3.
Financials
Financial year 2025
MGI from Deerlijk, company number BE0563451125, closed financial year 2025 with a result of € 123,356 after tax. For that financial year MGI recorded revenue of € 226,892 and equity of € 10.1 million. Compared with financial year 2024, the result moved from € 311,113 to € 123,356. The company is profitable. 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 July 27, 2026.
€ 10.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,356
▼ 60% vs 2024
Profit after tax over the fiscal year.
€ 28,962
▼ 53% 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 € 2.4 million.
People and assets in 2025
2.3
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 164,928
▼ 9% vs 2024
€ 71,700 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.
€ 579
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 89,243
▲ € 77,815 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 104 days on average.
€ 31,051
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,186,588 | € 767,796 | € 476,116 | € 226,892 | ▼ 52% |
| Profit after taxes | € 496,017 | € 283,289 | € 311,113 | € 123,356 | ▼ 60% |
| Equity | € 9,840,179 | € 9,903,468 | € 10,018,269 | € 10,141,624 | ▲ 1% |
| Total debts | € 213,492 | € 177,602 | € 59,565 | € 264,267 | ▲ € 204,701 |
| Cash | € 43,300 | € 57,083 | € 61,813 | € 28,962 | ▼ 53% |
| Retained profit | € 1,759,250 | € 2,014,753 | € 2,289,666 | € 2,413,022 | ▲ 5% |
| Dividend | € 0 | € 27,786 | € 36,200 | € 0 | ▼ 100% |
| Bank debt | € 149,085 | € 65,584 | € 0 | € 0 | |
| Balance sheet total | € 10,053,670 | € 10,081,070 | € 10,077,834 | € 10,405,891 | ▲ 3% |
| Employees (FTE) | 2.8 | 3.1 | 2.4 | 2.3 | ▼ 0.1 |
Key figures of MGI, 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 MGI?
What happened at MGI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 123,356 (▼ 60% vs 2024). Source: NBB ↗
- Ann DE GRYSE became a director. NBB
- Jo DE MUNSTER became a director. NBB
- New establishment in Deerlijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 496,017 profit in 2022 to € 123,356 profit in 2025.
Paid € 252,849 in corporate taxes since 2022.
Best year ever: 2022, with € 496,017 profit.
Paid out € 63,986 in dividends to the owners in total.
Management
Behind MGI are Ann DE GRYSE and Jo DE MUNSTER. It owns 100% of MUVANTEX UK LTD, 100% of MUVANTEX NV, 100% of INFINICO NV and 99.9% of GOLDLUX BV itself.
Directors
According to the 2025 annual accounts
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Kortrijkse heerweg 209
8540 Deerlijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
muvantex.com
Registered
1999-12-26
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-12-26
Website info
Features
Security
Details
- Company number
- 0563.451.125
- VAT number
- BE 0563.451.125
- Registered office
- Kortrijkse heerweg 209, 8540 Deerlijk
- Names & denominations
- MGI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2014
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- muvantex.com
- Activities · NACE
Activiteiten van holdings
Holdings
Overige zakelijke dienstverlening, neg