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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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
MDG COMPANY from Braine-l'Alleud, company number BE0780893946, closed financial year 2025 with a result of € 21,052 after tax. For that financial year MDG COMPANY recorded a gross margin of € 37,848 and equity of € -44,695. Compared with financial year 2024, the result moved from € -32,742 to € 21,052. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2026.
€ -44,695
▲ € 21,052 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,052
▲ still € 32,743 loss in 2024
Profit after tax over the fiscal year.
€ 1,409
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -51,295.
People and assets in 2025
€ 16,773
▲ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 32,300
▲ 100% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,050 | € -15,680 | € -17,204 | € 37,848 | ▲ € 55,051 |
| Profit after taxes | € -10,395 | € -29,209 | € -32,742 | € 21,052 | ▲ € 53,795 |
| Equity | € -3,795 | € -33,004 | € -65,747 | € -44,695 | ▲ € 21,052 |
| Total debts | € 36,372 | € 108,886 | € 126,027 | € 157,832 | ▲ 25% |
| Cash | € 3,019 | € 5,461 | € 7,592 | € 1,409 | ▼ 81% |
| Retained profit | € -10,395 | € -39,604 | € -72,347 | € -51,295 | ▲ € 21,052 |
| Balance sheet total | € 32,577 | € 75,881 | € 60,280 | € 113,138 | ▲ 88% |
Key figures of MDG COMPANY, 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 MDG COMPANY?
What happened at MDG COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21,052. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Braine-l'Alleud. KBO
- Maxime TANGHE became a director. NBB
- Jean-Louis TANGHE became a director. NBB
In short
From € 10,395 loss in 2022 to € 21,052 profit in 2025.
Best year ever: 2025, with € 21,052 profit.
Management
Behind MDG COMPANY are Maxime TANGHE and Jean-Louis TANGHE.
Directors
According to the 2025 annual accounts
Maxime TANGHE
Director
since 2022
Jean-Louis TANGHE
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Rue du Dessus 25
1420 Braine-l'Alleud
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- TANGHE Jean Louis Oscar Ernest(oprichter) 20%
- TANGHE Maxime Louis Pierre(oprichter) 20%
- TANGHE Guillaume Pierre Louis(oprichter) 20%
- DUPRET Maxime Olivier Caroline(oprichter) 20%
- DUPRET Benjamin Didier Violaine Jean Catherine(oprichter) 20%
Details
- Company number
- 0780.893.946
- VAT number
- BE 0780.893.946
- Registered office
- Rue du Dessus 25, 1420 Braine-l'Alleud
- Names & denominations
- MDG COMPANY · MORE DISC GOLF MEDIA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2022
- Peppol
- Active · Active since 28 Apr 2026
- Activities · NACE
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