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 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MG 33 from Gavere, company number BE0628504372, closed financial year 2025 with a result of € 73,914 after tax. For that financial year MG 33 recorded a gross margin of € 187,057 and equity of € 453,519. Compared with financial year 2024, the result moved from € 74,681 to € 73,914. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 453,519
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,914
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 50,000
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 124,072 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 27,855
▲ 23% 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.
€ 69,954
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 288,770
▼ 9% vs 2024
€ 30,643 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1,192
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,608
▲ 96% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 173,294 | € 227,004 | € 177,022 | € 187,057 | ▲ 6% |
| Profit after taxes | € 80,015 | € 114,719 | € 74,681 | € 73,914 | ▼ 1% |
| Equity | € 534,154 | € 524,179 | € 503,677 | € 453,519 | ▼ 10% |
| Total debts | € 377,764 | € 450,722 | € 506,045 | € 450,895 | ▼ 11% |
| Cash | € 624,654 | € 169,230 | € 117,517 | € 50,000 | ▼ 57% |
| Land & buildings | € 226,142 | € 204,479 | € 182,817 | € 161,154 | ▼ 12% |
| Retained profit | € 527,954 | € 505,579 | € 485,077 | € 434,919 | ▼ 10% |
| Dividend | € 0 | € 137,095 | € 95,184 | € 124,072 | ▲ 30% |
| Bank debt | € 370,136 | € 343,571 | € 316,453 | € 288,770 | ▼ 9% |
| Balance sheet total | € 911,918 | € 974,901 | € 1,009,722 | € 904,414 | ▼ 10% |
Key figures of MG 33, 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 April 2027.
What happened to MG 33?
What happened at MG 33 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 73,914 (▼ 1% vs 2024). Source: NBB ↗
- New establishment in Gavere. KBO
- Marc Jozef Geerinckx became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 80,015 profit in 2022 to € 73,914 profit in 2025.
Paid € 167,140 in corporate taxes since 2022.
Best year ever: 2023, with € 114,719 profit.
Paid out € 356,350 in dividends to the owners in total.
Management
Behind MG 33 is Marc Jozef Geerinckx.
Directors
According to the 2025 annual accounts
Marc Jozef Geerinckx
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Rotsestraat 33
9890 Gavere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0628.504.372
- VAT number
- BE 0628.504.372
- Registered office
- Rotsestraat 33, 9890 Gavere
- Names & denominations
- MG 33
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2015
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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