What does MGS & ASSOCIATES do?

MGS & ASSOCIATES is a property manager in Watermaal-Bosvoorde. Private Limited, started on 18 February 2020, 1 establishment.

What is the address of MGS & ASSOCIATES?

The registered office of MGS & ASSOCIATES is located at Terhulpsesteenweg 150, 1170 Watermaal-Bosvoorde.

Is MGS & ASSOCIATES still active?

Yes. According to the CBE (31 October 2026) MGS & ASSOCIATES is active, legal situation “Normale toestand”, started on 18 February 2020.

Is MGS & ASSOCIATES registered on Peppol?

Yes, MGS & ASSOCIATES is registered on the Peppol network with ID 0208:0743819061.

What is the enterprise number of MGS & ASSOCIATES?

The enterprise number of MGS & ASSOCIATES is BE0743819061.

When was MGS & ASSOCIATES founded?

MGS & ASSOCIATES was founded on 18 February 2020.

Who are the directors of MGS & ASSOCIATES?

According to the 2025 annual accounts, the directors of MGS & ASSOCIATES are: Stephane Meganck, PACHA.

Is MGS & ASSOCIATES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 February 2020; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MGS & ASSOCIATES make in 2025?

MGS & ASSOCIATES posted a profit after taxes of € 263 in financial year 2025.

What is the revenue of MGS & ASSOCIATES?

As a small company, MGS & ASSOCIATES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 53,705.

MGS & ASSOCIATES (Private Limited) - Watermaal-Bosvoorde

Dossier MGS & ASSOCIATES, printed on 31 October 2026 from databakkes.be/en/0743819061/mgs-associates. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

14 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

MGS & ASSOCIATES from Watermaal-Bosvoorde, company number BE0743819061, closed financial year 2025 with a result of € 263 after tax. For that financial year MGS & ASSOCIATES recorded a gross margin of € 53,705 and equity of € 29,690. Compared with financial year 2024, the result moved from € 140 to € 263. 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 September 22, 2026.

What it is worth Growing

€ 29,690

▲ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 263

▲ 87% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 43,255

▼ 13% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 19,690.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 29,735

▼ 43% vs 2024

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 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 12,357

▼ 33% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 5,171

▲ 18% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 31,995 Gross margin 2022: € 31,995 First fiscal year in the series	€ 68,416 Gross margin 2023: € 68,416 ▲ 114% vs 2022 (€ 31,995) Favourable step	€ 48,699 Gross margin 2024: € 48,699 ▼ 29% vs 2023 (€ 68,416) Unfavourable step	€ 53,705 Gross margin 2025: € 53,705 ▲ 10% vs 2024 (€ 48,699) Favourable step	▲ 10%
Profit after taxes	€ 370 Profit after taxes 2022: € 370 First fiscal year in the series	€ 336 Profit after taxes 2023: € 336 ▼ 9% vs 2022 (€ 370) Unfavourable step	€ 140 Profit after taxes 2024: € 140 ▼ 58% vs 2023 (€ 336) Unfavourable step	€ 263 Profit after taxes 2025: € 263 ▲ 87% vs 2024 (€ 140) Favourable step	▲ 87%
Equity	€ 28,951 Equity 2022: € 28,951 First fiscal year in the series	€ 29,287 Equity 2023: € 29,287 ▲ 1% vs 2022 (€ 28,951) Favourable step	€ 29,427 Equity 2024: € 29,427 Unchanged (€ 29,287) Favourable step	€ 29,690 Equity 2025: € 29,690 ▲ 1% vs 2024 (€ 29,427) Favourable step	▲ 1%
Total debts	€ 73,148 Total debts 2022: € 73,148 First fiscal year in the series	€ 20,082 Total debts 2023: € 20,082 ▼ 73% vs 2022 (€ 73,148) Favourable step	€ 43,568 Total debts 2024: € 43,568 ▲ 117% vs 2023 (€ 20,082) Unfavourable step	€ 36,229 Total debts 2025: € 36,229 ▼ 17% vs 2024 (€ 43,568) Favourable step	▼ 17%
Cash	€ 89,918 Cash 2022: € 89,918 First fiscal year in the series	€ 25,445 Cash 2023: € 25,445 ▼ 72% vs 2022 (€ 89,918) Unfavourable step	€ 49,675 Cash 2024: € 49,675 ▲ 95% vs 2023 (€ 25,445) Favourable step	€ 43,255 Cash 2025: € 43,255 ▼ 13% vs 2024 (€ 49,675) Unfavourable step	▼ 13%
Retained profit	€ 18,951 Retained profit 2022: € 18,951 First fiscal year in the series	€ 19,287 Retained profit 2023: € 19,287 ▲ 2% vs 2022 (€ 18,951) Favourable step	€ 19,427 Retained profit 2024: € 19,427 ▲ 1% vs 2023 (€ 19,287) Favourable step	€ 19,690 Retained profit 2025: € 19,690 ▲ 1% vs 2024 (€ 19,427) Favourable step	▲ 1%
Balance sheet total	€ 102,099 Balance sheet total 2022: € 102,099 First fiscal year in the series	€ 49,369 Balance sheet total 2023: € 49,369 ▼ 52% vs 2022 (€ 102,099) Unchanged	€ 72,995 Balance sheet total 2024: € 72,995 ▲ 48% vs 2023 (€ 49,369) Unchanged	€ 65,919 Balance sheet total 2025: € 65,919 ▼ 10% vs 2024 (€ 72,995) Unchanged	▼ 10%

Key figures of MGS & ASSOCIATES, 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 MGS & ASSOCIATES?

What happened at MGS & ASSOCIATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Sep 22, 2026 New annual accounts for financial year 2025: profit of € 263 (▲ 87% vs 2024). filed late Source: NBB ↗
2023 PACHA became a director. NBB
Mar 1, 2020 New establishment in Watermaal-Bosvoorde. KBO
2020 Stephane Meganck became a director. NBB
Feb 18, 2020 Start of the company according to the CBE. KBO

In short

From € 370 profit in 2022 to € 263 profit in 2025.

Paid € 31,098 in corporate taxes since 2022.

Best year ever: 2022, with € 370 profit.

Original PDFs at the National Bank ↗

Management

PACHA 90%

The stake of PACHA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MGS & ASSOCIATES

Behind MGS & ASSOCIATES are Stephane Meganck and PACHA. The shares are held by PACHA (90%).

Directors

According to the 2025 annual accounts

Stephane Meganck

Director

since 2020

PACHA

Director · represented by Stephane Meganck

Also active at: MEGANCK MAINTENANCE SERVICES, MEGANCK GESTION SYNDIC

since 2023

Shareholders

PACHA

90%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Terhulpsesteenweg 150

1170 Watermaal-Bosvoorde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.

All companies at this address →

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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

View on CBE Public ↗ Annual accounts (NBB) ↗