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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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
MG Retail from Gent, company number BE0643699918, closed financial year 2025 with a result of € -42,185 after tax. For that financial year MG Retail recorded a gross margin of € 285,064 and equity of € 147,626. Compared with financial year 2024, the result moved from € -282,568 to € -42,185. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 147,626
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42,185
▲ 85 % less loss than in 2024
Profit after tax over the fiscal year.
€ 149,043
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 254,991
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 | € -7,719 | € -17,922 | € 17,976 | € 285,064 | ▲ € 267,089 |
| Profit after taxes | € -97,711 | € -314,367 | € -282,568 | € -42,185 | ▲ € 240,383 |
| Equity | € 786,747 | € 472,379 | € 189,811 | € 147,626 | ▼ 22% |
| Total debts | € 9,189,741 | € 10,336,358 | € 11,495,027 | € 3,347,484 | ▼ 71% |
| Cash | € 173,279 | € 173,738 | € 497,154 | € 149,043 | ▼ 70% |
| Land & buildings | € 7,955,878 | € 8,279,113 | € 8,279,113 | € 1,168,134 | ▼ 86% |
| Retained profit | € -774,753 | € -1,089,121 | € -1,371,689 | € -1,413,874 | ▼ € 42,185 |
| Bank debt | € 6,000,000 | € 6,000,000 | € 0 | € 0 | |
| Balance sheet total | € 9,976,488 | € 10,808,737 | € 11,684,838 | € 3,495,110 | ▼ 70% |
Key figures of MG Retail, 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 Retail?
What happened at MG Retail 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: loss of € 42,185. Source: NBB ↗
- Mg Re Investment became a director. NBB
- Mea Vota One became a director. NBB
- Scs became a director. NBB
In short
From € 97,711 loss in 2022 to € 42,185 loss in 2025.
A new publication or filing at MG Retail? 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 MG Real Estate comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MG RetailThe shares are held by Mg Re Invest S.A. (100%), MG Real Estate NV (0%) and MG Real Estate.
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
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanade Oscar Van de Voorde 1
9000 Gent
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
- 0643.699.918
- VAT number
- BE 0643.699.918
- Registered office
- Esplanade Oscar Van de Voorde 1, 9000 Gent
- Names & denominations
- MG Retail
- 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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