Financials
Financial year 2025
MGDK from Modave, company number BE0797441849, closed financial year 2025 with a result of € 82,072 after tax. For that financial year MGDK recorded a gross margin of € 119,553 and equity of € 165,236. Compared with financial year 2024, the result moved from € 62,029 to € 82,072. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 165,236
▲ 99% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 82,072
▲ 32% vs 2024
Profit after tax over the fiscal year.
€ 156,289
▲ 108% 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 € 160,236.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,884
▲ 51% 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.
€ 2,006
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,668
▲ 8% 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 | € 26,835 | € 91,018 | € 119,553 | ▲ 31% |
| Profit after taxes | € 16,134 | € 62,029 | € 82,072 | ▲ 32% |
| Equity | € 21,134 | € 83,164 | € 165,236 | ▲ 99% |
| Total debts | € 14,955 | € 20,183 | € 21,673 | ▲ 7% |
| Cash | € 7,258 | € 75,198 | € 156,289 | ▲ 108% |
| Retained profit | € 16,134 | € 78,164 | € 160,236 | ▲ 105% |
| Balance sheet total | € 36,089 | € 103,346 | € 186,909 | ▲ 81% |
Key figures of MGDK, 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 MGDK?
What happened at MGDK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 82,072 (▲ 32% vs 2024). Source: NBB ↗
- New establishment in Modave. KBO
- Start of the company according to the CBE. KBO
- Michael Ghyse became a director. NBB
In short
From € 16,134 profit in 2023 to € 82,072 profit in 2025.
Paid € 65,031 in corporate taxes since 2023.
Best year ever: 2025, with € 82,072 profit.
Management
Behind MGDK is Michael Ghyse.
Directors
According to the 2025 annual accounts
Michael Ghyse
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Aux Quatre Voies 14
4577 Modave
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.441.849
- VAT number
- BE 0797.441.849
- Registered office
- Aux Quatre Voies 14, 4577 Modave
- Names & denominations
- MGDK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 January 2023
- Peppol
- Active · Active since 20 Sept 2025
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