Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MG SQUARE from Tervuren, company number BE0780428247, closed financial year 2025 with a result of € -115,786 after tax. For that financial year MG SQUARE recorded a gross margin of € 184,926 and equity of € 2 million. Compared with financial year 2024, the result moved from € -129,511 to € -115,786. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 2 million
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -115,786
▲ 11 % less loss than in 2024
Profit after tax over the fiscal year.
€ 19,259
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -378,616.
People and assets in 2025
€ 62,197
▲ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.6 million
▲ 29% vs 2024
€ 88,086 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 24,467
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 973
▲ 66% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -39,007 | € 69,964 | € 184,926 | ▲ 164% |
| Profit after taxes | € -133,319 | € -129,511 | € -115,786 | ▲ € 13,725 |
| Equity | € 802,681 | € 1,540,554 | € 2,045,164 | ▲ 33% |
| Total debts | € 1,618,171 | € 3,158,910 | € 3,884,408 | ▲ 23% |
| Cash | € 16,313 | € 18,715 | € 19,259 | ▲ 3% |
| Land & buildings | € 1,771,268 | € 3,630,777 | € 5,381,792 | ▲ 48% |
| Retained profit | € -133,319 | € -262,830 | € -378,616 | ▼ € 115,786 |
| Bank debt | € 1,392,895 | € 2,812,807 | € 3,630,858 | ▲ 29% |
| Balance sheet total | € 2,420,853 | € 4,699,464 | € 5,929,573 | ▲ 26% |
Key figures of MG SQUARE, fiscal years 2023 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 MG SQUARE?
What happened at MG SQUARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 115,786. Source: NBB ↗
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 133,319 loss in 2023 to € 115,786 loss in 2025.
A new publication or filing at MG SQUARE? 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 MC DIAM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MG SQUAREBehind MG SQUARE are Cédric Gendaj, Olivier Mahieu and Mathieu Gendaj. The shares are held by MC DIAM (69%).
Directors
According to the 2025 annual accounts
Cédric Gendaj
Director
Olivier Mahieu
Director
Shareholders
69%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koekoeklaan 10
3080 Tervuren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0780.428.247
- VAT number
- BE 0780.428.247
- Registered office
- Koekoeklaan 10, 3080 Tervuren
- Names & denominations
- MG SQUARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2022
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
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