Warning lights
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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MLGC from Avelgem, company number BE0788578029, closed financial year 2025 with a result of € -34,585 after tax. For that financial year MLGC recorded a gross margin of € 111,131 and equity of € -54,201. Compared with financial year 2024, the result moved from € -6,365 to € -34,585. The company made a loss. 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 January 30, 2026.
€ -54,201
▼ € 34,585 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,585
▼ 443 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,338
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -59,201.
Debts at end 2025
€ 1.5 million
▼ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 126,583
▲ 133% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 537
▲ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -7,483 | € 100,397 | € 111,131 | ▲ 11% |
| Profit after taxes | € -18,250 | € -6,365 | € -34,585 | ▼ € 28,220 |
| Equity | € -13,250 | € -19,616 | € -54,201 | ▼ € 34,585 |
| Total debts | € 1,660,899 | € 2,731,558 | € 2,568,011 | ▼ 6% |
| Cash | € 43,432 | € 2,986 | € 4,338 | ▲ 45% |
| Retained profit | € -18,250 | € -24,616 | € -59,201 | ▼ € 34,585 |
| Bank debt | € 1,021,000 | € 1,816,405 | € 1,543,987 | ▼ 15% |
| Balance sheet total | € 1,647,649 | € 2,711,943 | € 2,513,810 | ▼ 7% |
Key figures of MLGC, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MLGC?
What happened at MLGC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,585. Source: NBB ↗
- New establishment in Avelgem. KBO
- Gaelle Van Belleghem became a director. NBB
- Vincent Tubaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,250 loss in 2023 to € 34,585 loss in 2025.
Management
Behind MLGC are Gaelle Van Belleghem and Vincent Tubaert. It owns 66.7% of VTT Renovations, 50% of GNTT and 50% of Gemma itself.
Directors
According to the 2025 annual accounts
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Krevelstraat 11A
8581 Avelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0788.578.029
- VAT number
- BE 0788.578.029
- Registered office
- Krevelstraat 11A, 8581 Avelgem
- Names & denominations
- MLGC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2022
- Peppol
- Not registered