MGElec is an electrical contractor in Bièvre. Private Limited, started on 22 December 2021, 1 establishment.

What is the address of MGElec?

The registered office of MGElec is located at Rue de Graide, Naomé 25A, 5555 Bièvre.

Is MGElec still active?

Yes. According to the CBE (30 October 2026) MGElec is active, legal situation “Normale toestand”, started on 22 December 2021.

Is MGElec registered on Peppol?

Yes, MGElec is registered on the Peppol network with ID 0208:0778960181.

What is the enterprise number of MGElec?

The enterprise number of MGElec is BE0778960181.

When was MGElec founded?

MGElec was founded on 22 December 2021.

Who are the directors of MGElec?

According to the 2025 annual accounts, the directors of MGElec are: Jean-Yves MARTIN.

Is MGElec a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 December 2021; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MGElec make in 2025?

MGElec posted a profit after taxes of € 118,597 in financial year 2025.

What is the revenue of MGElec?

As a small company, MGElec is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 331,149.

Does MGElec have a website?

Yes, MGElec has a website at mgelec.be.

MGElec (Private Limited) - Bièvre - BE0778960181

Dossier MGElec, printed on 30 October 2026 from databakkes.be/en/0778960181/mgelec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MGElec from Bièvre, company number BE0778960181, closed financial year 2025 with a result of € 118,597 after tax. For that financial year MGElec recorded a gross margin of € 331,149 and equity of € 260,027. Compared with financial year 2024, the result moved from € 140,849 to € 118,597. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.

What it is worth Growing

€ 260,027

▲ 8% vs 2024

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

Profit Healthy

€ 118,597

▼ 16% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 306,964

▲ 31% vs 2024

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

Where the profit goes Pays out

€ 100,000 paid out

84 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Wage cost

€ 97,079

▲ 44% 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.

Vehicles and equipment

€ 20,939

▼ 29% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 40 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.

€ 330,054

▲ 123% vs 2024

€ 8,151 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.

Owed to suppliers

€ 170,180

▼ 27% vs 2024

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

Taxes and wages

€ 50,189

▲ 57% 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	€ 55,099 Gross margin 2022: € 55,099 First fiscal year in the series	€ 201,346 Gross margin 2023: € 201,346 ▲ 265% vs 2022 (€ 55,099) Favourable step	€ 317,041 Gross margin 2024: € 317,041 ▲ 57% vs 2023 (€ 201,346) Favourable step	€ 331,149 Gross margin 2025: € 331,149 ▲ 4% vs 2024 (€ 317,041) Favourable step	▲ 4%
Profit after taxes	€ 13,423 Profit after taxes 2022: € 13,423 First fiscal year in the series	€ 75,158 Profit after taxes 2023: € 75,158 ▲ € 61,735 vs 2022 (€ 13,423) Favourable step	€ 140,849 Profit after taxes 2024: € 140,849 ▲ 87% vs 2023 (€ 75,158) Favourable step	€ 118,597 Profit after taxes 2025: € 118,597 ▼ 16% vs 2024 (€ 140,849) Unfavourable step	▼ 16%
Equity	€ 25,423 Equity 2022: € 25,423 First fiscal year in the series	€ 100,581 Equity 2023: € 100,581 ▲ 296% vs 2022 (€ 25,423) Favourable step	€ 241,430 Equity 2024: € 241,430 ▲ 140% vs 2023 (€ 100,581) Favourable step	€ 260,027 Equity 2025: € 260,027 ▲ 8% vs 2024 (€ 241,430) Favourable step	▲ 8%
Total debts	€ 131,401 Total debts 2022: € 131,401 First fiscal year in the series	€ 321,326 Total debts 2023: € 321,326 ▲ 145% vs 2022 (€ 131,401) Unfavourable step	€ 429,042 Total debts 2024: € 429,042 ▲ 34% vs 2023 (€ 321,326) Unfavourable step	€ 651,566 Total debts 2025: € 651,566 ▲ 52% vs 2024 (€ 429,042) Unfavourable step	▲ 52%
Cash	€ 38,371 Cash 2022: € 38,371 First fiscal year in the series	€ 77,685 Cash 2023: € 77,685 ▲ 102% vs 2022 (€ 38,371) Favourable step	€ 233,804 Cash 2024: € 233,804 ▲ 201% vs 2023 (€ 77,685) Favourable step	€ 306,964 Cash 2025: € 306,964 ▲ 31% vs 2024 (€ 233,804) Favourable step	▲ 31%
Land & buildings	€ 15,182 Land & buildings 2022: € 15,182 First fiscal year in the series	€ 148,501 Land & buildings 2023: € 148,501 ▲ € 133,319 vs 2022 (€ 15,182) Unchanged	€ 167,131 Land & buildings 2024: € 167,131 ▲ 13% vs 2023 (€ 148,501) Unchanged	€ 350,771 Land & buildings 2025: € 350,771 ▲ 110% vs 2024 (€ 167,131) Unchanged	▲ 110%
Retained profit	€ 13,423 Retained profit 2022: € 13,423 First fiscal year in the series	€ 88,581 Retained profit 2023: € 88,581 ▲ € 75,158 vs 2022 (€ 13,423) Favourable step	€ 229,430 Retained profit 2024: € 229,430 ▲ 159% vs 2023 (€ 88,581) Favourable step	€ 248,027 Retained profit 2025: € 248,027 ▲ 8% vs 2024 (€ 229,430) Favourable step	▲ 8%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 100,000 Dividend 2025: € 100,000 Unchanged (€ 0) Unchanged
Bank debt	€ 39,009 Bank debt 2022: € 39,009 First fiscal year in the series	€ 170,702 Bank debt 2023: € 170,702 ▲ € 131,693 vs 2022 (€ 39,009) Unfavourable step	€ 147,997 Bank debt 2024: € 147,997 ▼ 13% vs 2023 (€ 170,702) Favourable step	€ 330,054 Bank debt 2025: € 330,054 ▲ 123% vs 2024 (€ 147,997) Unfavourable step	▲ 123%
Balance sheet total	€ 156,824 Balance sheet total 2022: € 156,824 First fiscal year in the series	€ 421,907 Balance sheet total 2023: € 421,907 ▲ 169% vs 2022 (€ 156,824) Unchanged	€ 670,472 Balance sheet total 2024: € 670,472 ▲ 59% vs 2023 (€ 421,907) Unchanged	€ 911,593 Balance sheet total 2025: € 911,593 ▲ 36% vs 2024 (€ 670,472) Unchanged	▲ 36%

Key figures of MGElec, 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 MGElec?

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

Sep 30, 2026 New annual accounts for financial year 2025: profit of € 118,597 (▼ 16% vs 2024). filed late Source: NBB ↗
Dec 22, 2021 New establishment in Bièvre. KBO
Dec 22, 2021 Start of the company according to the CBE. KBO

In short

From € 13,423 profit in 2022 to € 118,597 profit in 2025.

Paid € 129,207 in corporate taxes since 2022.

Best year ever: 2024, with € 140,849 profit.

Paid out € 100,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Jean-Yves MARTIN

MGElec

Behind MGElec is Jean-Yves MARTIN.

Directors

According to the 2025 annual accounts

Jean-Yves MARTIN

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Graide, Naomé 25A

5555 Bièvre

2.325.824.032

Rue de Graide, Naomé 25 box A

5555 Bièvre

Active since 22 December 2021

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

Website

HTTPS mgelec.be

Canonical: https://www.mgelec.be/

Technologies

ApacheAvadaContact Form 7ElementorFlickityFont AwesomeGoogle FontsLightboxPHPSwiperUIKitWooCommerceWordPressYoast SEOjQueryjQuery UIlazysizesreCAPTCHA

Hosting & Email

Email provider

Self-hosted

Hosting

HIWIT_AS, FR

DNS

OVH DNS

Website info

HTTPS Ja

Languages FR

Features

Webshop

Security

✓ HTTPS

✓ SPF

✗ DMARC

Details

Company number

0778.960.181

VAT number

BE 0778.960.181

Registered office

Rue de Graide, Naomé 25A, 5555 Bièvre

Names & denominations

MGElec

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

22 December 2021

Peppol

Active · Active since 2 Dec 2025

Contact

mgelec.be [email protected] +32479738333

Activities · NACE

Algemene elektrotechnische installatiewerken

Productie van elektriciteit uit niet-hernieuwbare bronnen

Overige bouwinstallatie

Elektrotechnische installatiewerken van nijverheidsinrichtingen

Winning, behandeling en distributie van water

Overige bouwinstallatie, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

MGElec

Financials

What happened to MGElec?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Website info

Features

Security

Details

Frequently asked questions