Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MGS GROUP from Antwerpen, company number BE0797642579, closed financial year 2025 with a result of € 583 after tax. For that financial year MGS GROUP recorded a gross margin of € 2,167 and equity of € 934. Compared with financial year 2024, the result moved from € -609 to € 583. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 934
▲ 166% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 583
▲ still € 609 loss in 2024
Profit after tax over the fiscal year.
€ 593
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -66.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,967
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20
▼ 27% vs 2024
Loans from banks and other lenders, long and short.
€ 939
Supplier invoices still open on the last day of the fiscal year.
€ 945
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 | |
|---|---|---|---|---|
| Revenue | € 6,663 | € 4,129 | - | |
| Gross margin | € 1,451 | € 1,459 | € 2,167 | ▲ 49% |
| Profit after taxes | € -39 | € -609 | € 583 | ▲ € 1,192 |
| Equity | € 961 | € 352 | € 934 | ▲ 166% |
| Total debts | € 1,563 | € 1,139 | € 7,221 | ▲ € 6,082 |
| Cash | - | - | € 593 | |
| Retained profit | € -39 | € -648 | € -66 | ▲ € 583 |
| Bank debt | € 20 | € 28 | € 20 | ▼ 27% |
| Balance sheet total | € 2,524 | € 1,491 | € 8,156 | ▲ € 6,665 |
Key figures of MGS GROUP, 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 MGS GROUP?
What happened at MGS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 583. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 39 loss in 2023 to € 583 profit in 2025.
Paid € 209 in corporate taxes since 2023.
Best year ever: 2025, with € 583 profit.
A new publication or filing at MGS GROUP? 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
Behind MGS GROUP is Mohamad Shaaban. Mohamad Shaaban is also behind TWO BROTHERS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Grotesteenweg 283
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0797.642.579
- VAT number
- BE 0797.642.579
- Registered office
- Grotesteenweg 283, 2600 Antwerpen
- Names & denominations
- MGS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2023
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)