What does MGL GROUP do?

MGL GROUP is an electrical contractor in Meise. Private Limited, started on 12 April 2021, 2 establishments.

What is the address of MGL GROUP?

The registered office of MGL GROUP is located at Kapellelaan 92, 1860 Meise.

Is MGL GROUP still active?

Yes. According to the CBE (31 October 2026) MGL GROUP is active, legal situation “Normale toestand”, started on 12 April 2021.

Is MGL GROUP registered on Peppol?

Yes, MGL GROUP is registered on the Peppol network with ID 0208:0766623860.

What is the enterprise number of MGL GROUP?

The enterprise number of MGL GROUP is BE0766623860.

When was MGL GROUP founded?

MGL GROUP was founded on 12 April 2021.

Is MGL GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 April 2021; 4 annual accounts filed, latest fiscal year 2024; 2 establishments in the CBE.

How much profit did MGL GROUP make in 2024?

MGL GROUP posted a profit after taxes of € 54,215 in financial year 2024.

What is the revenue of MGL GROUP?

As a small company, MGL GROUP is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 214,346.

MGL GROUP (Private Limited) - Meise - BE0766623860

Dossier MGL GROUP, printed on 31 October 2026 from databakkes.be/en/0766623860/mgl-group. 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.

Late annual account NBB

Fiscal year 2024 was filed 347 days after the legal deadline.

Financials

Financial year 2024

MGL GROUP from Meise, company number BE0766623860, closed financial year 2024 with a result of € 54,215 after tax. For that financial year MGL GROUP recorded a gross margin of € 214,346 and equity of € 313,794. Compared with financial year 2023, the result moved from € 1,112 to € 54,215. 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 July 13, 2026.

What it is worth Growing

€ 313,794

▲ 21% vs 2023

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

Profit Growing

€ 54,215

▲ € 53,103 vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 5,645

▼ 28% vs 2023

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

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 311,594.

People and assets in 2024

Wage cost

€ 114,424

▼ 60% 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.

Vehicles and equipment

€ 23,444

▼ 35% vs 2023

Of which on lease € 22,200.

Debts at end 2024

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 56,899

▼ 28% vs 2023

€ 18,560 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 117,931

▼ 67% vs 2023

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

Taxes and wages

€ 30,523

▼ 76% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 201,819 Gross margin 2021: € 201,819 First fiscal year in the series	€ 242,549 Gross margin 2022: € 242,549 ▲ 20% vs 2021 (€ 201,819) Favourable step	€ 306,229 Gross margin 2023: € 306,229 ▲ 26% vs 2022 (€ 242,549) Favourable step	€ 214,346 Gross margin 2024: € 214,346 ▼ 30% vs 2023 (€ 306,229) Unfavourable step	▼ 30%
Profit after taxes	€ 174,478 Profit after taxes 2021: € 174,478 First fiscal year in the series	€ 81,789 Profit after taxes 2022: € 81,789 ▼ 53% vs 2021 (€ 174,478) Unfavourable step	€ 1,112 Profit after taxes 2023: € 1,112 ▼ 99% vs 2022 (€ 81,789) Unfavourable step	€ 54,215 Profit after taxes 2024: € 54,215 ▲ € 53,103 vs 2023 (€ 1,112) Favourable step	▲ € 53,103
Equity	€ 176,678 Equity 2021: € 176,678 First fiscal year in the series	€ 258,468 Equity 2022: € 258,468 ▲ 46% vs 2021 (€ 176,678) Favourable step	€ 259,580 Equity 2023: € 259,580 Unchanged (€ 258,468) Favourable step	€ 313,794 Equity 2024: € 313,794 ▲ 21% vs 2023 (€ 259,580) Favourable step	▲ 21%
Total debts	€ 153,851 Total debts 2021: € 153,851 First fiscal year in the series	€ 228,227 Total debts 2022: € 228,227 ▲ 48% vs 2021 (€ 153,851) Unfavourable step	€ 564,639 Total debts 2023: € 564,639 ▲ 147% vs 2022 (€ 228,227) Unfavourable step	€ 205,353 Total debts 2024: € 205,353 ▼ 64% vs 2023 (€ 564,639) Favourable step	▼ 64%
Cash	€ 3,600 Cash 2021: € 3,600 First fiscal year in the series	€ 2,379 Cash 2022: € 2,379 ▼ 34% vs 2021 (€ 3,600) Unfavourable step	€ 7,871 Cash 2023: € 7,871 ▲ 231% vs 2022 (€ 2,379) Favourable step	€ 5,645 Cash 2024: € 5,645 ▼ 28% vs 2023 (€ 7,871) Unfavourable step	▼ 28%
Retained profit	€ 174,478 Retained profit 2021: € 174,478 First fiscal year in the series	€ 256,268 Retained profit 2022: € 256,268 ▲ 47% vs 2021 (€ 174,478) Favourable step	€ 257,380 Retained profit 2023: € 257,380 Unchanged (€ 256,268) Favourable step	€ 311,594 Retained profit 2024: € 311,594 ▲ 21% vs 2023 (€ 257,380) Favourable step	▲ 21%
Bank debt	€ 31,777 Bank debt 2021: € 31,777 First fiscal year in the series	€ 37,891 Bank debt 2022: € 37,891 ▲ 19% vs 2021 (€ 31,777) Unfavourable step	€ 78,885 Bank debt 2023: € 78,885 ▲ 108% vs 2022 (€ 37,891) Unfavourable step	€ 56,899 Bank debt 2024: € 56,899 ▼ 28% vs 2023 (€ 78,885) Favourable step	▼ 28%
Balance sheet total	€ 330,530 Balance sheet total 2021: € 330,530 First fiscal year in the series	€ 486,695 Balance sheet total 2022: € 486,695 ▲ 47% vs 2021 (€ 330,530) Unchanged	€ 824,218 Balance sheet total 2023: € 824,218 ▲ 69% vs 2022 (€ 486,695) Unchanged	€ 519,147 Balance sheet total 2024: € 519,147 ▼ 37% vs 2023 (€ 824,218) Unchanged	▼ 37%

Key figures of MGL GROUP, 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 MGL GROUP?

What happened at MGL GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 13, 2026 New annual accounts for financial year 2024: profit of € 54,215 (▲ € 53,103 vs 2023). filed late Source: NBB ↗
Jan 21, 2026 New establishment in Meise. KBO
Apr 12, 2021 New establishment in Sint-Jans-Molenbeek. KBO
Apr 12, 2021 Start of the company according to the CBE. KBO

In short

From € 174,478 profit in 2021 to € 54,215 profit in 2024.

Paid € 26,634 in corporate taxes since 2021.

Best year ever: 2021, with € 174,478 profit.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Kapellelaan 92

1860 Meise

2.315.971.109

Koorstraat 39 box 1

1080 Sint-Jans-Molenbeek

Active since 12 April 2021

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0766.623.860
VAT number: BE 0766.623.860
Registered office: Kapellelaan 92, 1860 Meise
Names & denominations: MGL GROUP
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 12 April 2021
Peppol: Active · Active since 5 Jan 2026
Activities · NACE: Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗

MGL GROUP