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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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
M&G-tech from Hechtel-Eksel, company number BE0727534840, closed financial year 2023 with a result of € 60,000 after tax. For that financial year M&G-tech recorded a gross margin of € 145,991 and equity of € 219,089. Compared with financial year 2022, the result moved from € 39,743 to € 60,000. Profitable, and profit is growing. 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 November 10, 2024.
€ 219,089
▲ 38% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,000
▲ 51% vs 2022
Profit after tax over the fiscal year.
€ 8,207
▲ 12% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 214,089.
People and assets in 2023
€ 17,228
▼ 33% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,260
▼ 16% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 13,522
▼ 33% vs 2022
€ 6,618 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 117,147
▼ 20% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 44,100
▼ 7% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 112,860 | € 114,476 | € 145,991 | ▲ 28% |
| Profit after taxes | € 53,592 | € 39,743 | € 60,000 | ▲ 51% |
| Equity | € 119,346 | € 159,089 | € 219,089 | ▲ 38% |
| Total debts | € 83,264 | € 213,463 | € 192,885 | ▼ 10% |
| Cash | € 658 | € 7,339 | € 8,207 | ▲ 12% |
| Retained profit | € 114,346 | € 154,089 | € 214,089 | ▲ 39% |
| Bank debt | € 0 | € 20,140 | € 13,522 | ▼ 33% |
| Balance sheet total | € 202,610 | € 372,553 | € 411,974 | ▲ 11% |
Key figures of M&G-tech, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to M&G-tech?
What happened at M&G-tech in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
M&G-tech is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 60,000 (▲ 51% vs 2022). filed late Source: NBB ↗
- Sabri Said became a director. NBB
- New establishment in Pelt. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,592 profit in 2021 to € 60,000 profit in 2023.
Paid € 41,583 in corporate taxes since 2021.
Best year ever: 2023, with € 60,000 profit.
Management
Behind M&G-tech is Sabri Said.
Directors
According to the 2023 annual accounts
Sabri Said
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Lommelsebaan 5a
3940 Hechtel-Eksel
Lindelsebaan 226
3900 Pelt
Active since 27 May 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0727.534.840
- VAT number
- BE 0727.534.840
- Registered office
- Lommelsebaan 5a, 3940 Hechtel-Eksel
- Names & denominations
- M&G-tech
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 27 May 2019
- Peppol
- Not registered
- Activities · NACE
Bouw van civieltechnische werken voor vloeistoffen, neg
Bouw van autowegen en andere wegen
Chapewerken
Plaatsen van vloer- en wandtegels
Sanitaire werkzaamheden