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 10 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MCGS from Zaventem, company number BE0689580027, closed financial year 2025 with a result of € 87,556 after tax. For that financial year MCGS recorded a gross margin of € 121,823 and equity of € 106,761. Compared with financial year 2024, the result moved from € 80,161 to € 87,556. Profitable, and profit is growing. 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 August 5, 2026.
€ 106,761
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,556
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 25,986
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 136,628 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 32,363
▲ € 29,978 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 433,974
▼ 10% vs 2024
€ 49,687 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 109
Supplier invoices still open on the last day of the fiscal year.
€ 12,199
▲ 225% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,266 | € 78,317 | € 105,571 | € 121,823 | ▲ 15% |
| Profit after taxes | € 36,300 | € 50,865 | € 80,161 | € 87,556 | ▲ 9% |
| Equity | € 84,807 | € 105,672 | € 155,833 | € 106,761 | ▼ 31% |
| Total debts | € 33,255 | € 666,412 | € 592,749 | € 655,058 | ▲ 11% |
| Cash | € 38,246 | € 58,811 | € 37,906 | € 25,986 | ▼ 31% |
| Retained profit | € 66,207 | € 87,072 | € 137,233 | € 88,161 | ▼ 36% |
| Dividend | € 30,000 | € 30,000 | € 30,000 | € 136,628 | ▲ € 106,628 |
| Bank debt | € 0 | € 531,141 | € 482,922 | € 433,974 | ▼ 10% |
| Balance sheet total | € 118,061 | € 772,084 | € 748,582 | € 761,819 | ▲ 2% |
Key figures of MCGS, 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 MCGS?
What happened at MCGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 87,556 (▲ 9% vs 2024). filed late Source: NBB ↗
- New establishment in Zaventem. KBO
- Julien Vincentelli became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 36,300 profit in 2022 to € 87,556 profit in 2025.
Paid € 80,887 in corporate taxes since 2022.
Best year ever: 2025, with € 87,556 profit.
Paid out € 226,628 in dividends to the owners in total.
Management
Behind MCGS is Julien Vincentelli. It owns 27.2% of B safe itself.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Hippodroomlaan 18
1933 Zaventem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.580.027
- VAT number
- BE 0689.580.027
- Registered office
- Hippodroomlaan 18, 1933 Zaventem
- Names & denominations
- MCGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2018
- Peppol
- Not registered