Financials
Financial year 2025
MGSL from Gent, company number BE0826081494, closed financial year 2025 with a result of € 99,330 after tax. For that financial year MGSL recorded a gross margin of € 131,058 and equity of € 819,681. Compared with financial year 2024, the result moved from € 292,474 to € 99,330. The company is profitable. 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 July 4, 2026.
€ 819,681
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,330
▼ 66% vs 2024
Profit after tax over the fiscal year.
€ 78,665
▲ 239% 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 € 794,881.
People and assets in 2025
€ 515
▼ 85% 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.
€ 2,003
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,487
▲ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 121,862 | € 138,754 | € 428,655 | € 131,058 | ▼ 69% |
| Profit after taxes | € 74,678 | € 87,901 | € 292,474 | € 99,330 | ▼ 66% |
| Equity | € 339,976 | € 427,877 | € 720,351 | € 819,681 | ▲ 14% |
| Total debts | € 6,259 | € 6,925 | € 35,644 | € 28,489 | ▼ 20% |
| Cash | € 92,690 | € 69,397 | € 23,196 | € 78,665 | ▲ 239% |
| Land & buildings | € 240,696 | € 230,910 | € 0 | - | |
| Retained profit | € 315,176 | € 403,077 | € 695,551 | € 794,881 | ▲ 14% |
| Balance sheet total | € 346,235 | € 434,802 | € 755,995 | € 848,170 | ▲ 12% |
Key figures of MGSL, 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 MGSL?
What happened at MGSL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,330 (▼ 66% vs 2024). Source: NBB ↗
- Gudrun GHYS became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Michel CORTHALS became a director. NBB
In short
From € 74,678 profit in 2022 to € 99,330 profit in 2025.
Paid € 236,198 in corporate taxes since 2022.
Best year ever: 2024, with € 292,474 profit.
A new publication or filing at MGSL? 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 MGSL are Gudrun GHYS and Michel CORTHALS.
Directors
According to the 2025 annual accounts
Gudrun GHYS
Director
since 2012
Michel CORTHALS
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Vlaanderenstraat 107B box 401
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0826.081.494
- VAT number
- BE 0826.081.494
- Registered office
- Vlaanderenstraat 107B bus 401, 9000 Gent
- Names & denominations
- MGSL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 2010
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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