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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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MG-TRANS from Gent, company number BE0793403877, closed financial year 2025 with a result of € 19,828 after tax. For that financial year MG-TRANS recorded a gross margin of € 56,476 and equity of € 27,828. Compared with financial year 2024, the result moved from € 30,184 to € 19,828. 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 February 18, 2026.
€ 27,828
▲ 248% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,828
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 3,763
▼ 76% 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 € 19,828.
People and assets in 2025
€ 3,791
▲ € 3,622 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.
€ 74,491
▲ 68% vs 2024
Of which on lease € 74,491.
Debts at end 2025
€ 61,870
▲ 53% vs 2024
€ 23,087 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 7,644
▲ € 6,659 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,835
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 54,954 | € 56,476 | ▲ 3% |
| Profit after taxes | € 30,184 | € 19,828 | ▼ 34% |
| Equity | € 8,000 | € 27,828 | ▲ 248% |
| Total debts | € 72,894 | € 82,350 | ▲ 13% |
| Cash | € 15,623 | € 3,763 | ▼ 76% |
| Retained profit | € 0 | € 19,828 | |
| Dividend | € 30,184 | € 0 | ▼ 100% |
| Bank debt | € 40,409 | € 61,870 | ▲ 53% |
| Balance sheet total | € 80,894 | € 110,177 | ▲ 36% |
Key figures of MG-TRANS, fiscal years 2024 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 MG-TRANS?
What happened at MG-TRANS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,828 (▼ 34% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 30,184 profit in 2024 to € 19,828 profit in 2025.
Paid € 13,738 in corporate taxes since 2024.
Best year ever: 2024, with € 30,184 profit.
Paid out € 30,184 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Eedverbondkaai 242
9000 Gent
Wolterslaan 128 box A000
9000 Gent
Active since 8 November 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
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€ 68,653 gross margin · 2025
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€ 3.1 million revenue · 2025
PLANET FUNCTION
€ -3,272 gross margin · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0793.403.877
- VAT number
- BE 0793.403.877
- Registered office
- Eedverbondkaai 242, 9000 Gent
- Names & denominations
- MG-TRANS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2022
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
Goederenvervoer over de weg