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
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MGS & ASSOCIATES from Watermaal-Bosvoorde, company number BE0743819061, closed financial year 2024 with a result of € 140 after tax. For that financial year MGS & ASSOCIATES recorded a gross margin of € 48,699 and equity of € 29,427. Compared with financial year 2023, the result moved from € 336 to € 140. 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 September 26, 2025.
€ 29,427
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140
▼ 58% vs 2023
Profit after tax over the fiscal year.
€ 49,675
▲ 95% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 19,427.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 52,460
▲ 80% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 18,386
▲ 81% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,393
▼ 56% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 51,984 | € 31,995 | € 68,416 | € 48,699 | ▼ 29% |
| Profit after taxes | € 29,642 | € 370 | € 336 | € 140 | ▼ 58% |
| Equity | € 28,581 | € 28,951 | € 29,287 | € 29,427 | |
| Total debts | € 4,830 | € 73,148 | € 20,082 | € 43,568 | ▲ 117% |
| Cash | € 22,148 | € 89,918 | € 25,445 | € 49,675 | ▲ 95% |
| Retained profit | € 18,581 | € 18,951 | € 19,287 | € 19,427 | ▲ 1% |
| Balance sheet total | € 33,411 | € 102,099 | € 49,369 | € 72,995 | ▲ 48% |
Key figures of MGS & ASSOCIATES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MGS & ASSOCIATES?
What happened at MGS & ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 140 (▼ 58% vs 2023). filed late Source: NBB ↗
- PACHA became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Stephane Meganck became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 29,642 profit in 2021 to € 140 profit in 2024.
Paid € 29,112 in corporate taxes since 2021.
Best year ever: 2021, with € 29,642 profit.
A new publication or filing at MGS & ASSOCIATES? 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 PACHA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MGS & ASSOCIATESBehind MGS & ASSOCIATES are Stephane Meganck and PACHA. The shares are held by PACHA (90%).
Directors
According to the 2024 annual accounts
Stephane Meganck
Director
since 2020
Director · represented by Stephane Meganck
Also active at: MEGANCK MAINTENANCE SERVICES, MEGANCK GESTION SYNDIC
since 2023
Shareholders
90%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 150
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Etablissements Michel Chausseur et Boy Bottier
€ 132,952 gross margin · 2025
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€ 34,864 gross margin · 2025
Association Belge des Syndicats Médicaux - Bruxelles
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Belgische beroepsverenigingen van de artsen-specialisten in anesthesie-reanimatie
+10 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
- 0743.819.061
- VAT number
- BE 0743.819.061
- Registered office
- Terhulpsesteenweg 150, 1170 Watermaal-Bosvoorde
- Names & denominations
- MGS & ASSOCIATES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2020
- Peppol
- Active · Active since 23 Apr 2025
- Activities · NACE
Activiteiten van syndici van onroerend goed