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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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MG Construction from Gent, company number BE0643699522, closed financial year 2025 with a result of € 202,267 after tax. For that financial year MG Construction recorded a gross margin of € 981,999 and equity of € 739,156. Compared with financial year 2024, the result moved from € 354,799 to € 202,267. 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 June 15, 2026.
€ 739,156
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 202,267
▼ 43% vs 2024
Profit after tax over the fiscal year.
€ 387,738
▲ € 304,718 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 € 677,656.
People and assets in 2025
6.9
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 669,819
▲ 54% vs 2024
€ 97,100 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.
€ 13,153
▲ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 93,974
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 426,519
▲ 57% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 59,920 | € 461,128 | € 949,508 | € 981,999 | ▲ 3% |
| Profit after taxes | € -15,250 | € 93,632 | € 354,799 | € 202,267 | ▼ 43% |
| Equity | € 88,459 | € 182,090 | € 536,889 | € 739,156 | ▲ 38% |
| Total debts | € 179,717 | € 382,211 | € 331,023 | € 520,493 | ▲ 57% |
| Cash | € 173,164 | € 562,123 | € 83,020 | € 387,738 | ▲ € 304,718 |
| Retained profit | € 26,959 | € 120,590 | € 475,389 | € 677,656 | ▲ 43% |
| Balance sheet total | € 268,175 | € 564,301 | € 867,912 | € 1,259,648 | ▲ 45% |
| Employees (FTE) | 2 | 3.3 | 5.1 | 6.9 | ▲ 1.8 |
Key figures of MG Construction, 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 MG Construction?
What happened at MG Construction in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mea Vota One stepped down as director. NBB
- Mg Re Investment stepped down as director. NBB
- Scs stepped down as director. NBB
- Prodit stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 202,267 (▼ 43% vs 2024). Source: NBB ↗
- Mg Re Investment became a director. NBB
- New establishment in Deinze. KBO
- Mea Vota One became a director. NBB
In short
From € 15,250 loss in 2022 to € 202,267 profit in 2025.
Paid € 320,429 in corporate taxes since 2022.
Best year ever: 2024, with € 354,799 profit.
On average € 142,300 of value added per employee in 2025.
A new publication or filing at MG Construction? 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 Magnifera comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MG ConstructionThe shares are held by MG Real Estate NV (100%) and Magnifera (10.6%).
Directors
According to the 2025 annual accounts
Director · represented by Anja Tackaert
Also active at: MG CITY STATION, Maple Land, Celtis Julianae, ABIES ALBA, DULLE GRIET GARDEN, SASAELLA, FAGIUS, PRUNUS +36 more
since 2022 · until 2028
Managing director · represented by Ignace De Paepe
Also active at: MG CITY STATION, PAULOWNIA, STASIMO, Maple Land, Celtis Julianae, ABIES ALBA, Selas, DULLE GRIET GARDEN +48 more
since 2024 · until 2028
Director · represented by Stacey Smits
Also active at: MG CITY STATION, Maple Land, Celtis Julianae, ABIES ALBA, DULLE GRIET GARDEN, SASAELLA, FAGIUS, PRUNUS +38 more
since 2022 · until 2028
Director · represented by Ignace Tytgat
Also active at: MG CITY STATION, STASIMO, Maple Land, Celtis Julianae, ABIES ALBA, DULLE GRIET GARDEN, SASAELLA, FAGIUS +42 more
since 2022 · until 2028
Shareholders
100%
10.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanade Oscar Van de Voorde 1
9000 Gent
Bijlkenstraat 15
9850 Deinze
Active since 15 June 2022
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
- 0643.699.522
- VAT number
- BE 0643.699.522
- Registered office
- Esplanade Oscar Van de Voorde 1, 9000 Gent
- Names & denominations
- MG Construction
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2015
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
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