Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MG IMMO from Brussel, company number BE0887578605, closed financial year 2025 with a result of € -532,372 after tax. For that financial year MG IMMO recorded a gross margin of € -163,772 and equity of € 618,427. Compared with financial year 2024, the result moved from € -1 million to € -532,372. The company made a loss. 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 June 11, 2026.
€ 618,427
▲ € 5.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -532,372
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 258,424
▲ € 224,217 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.4 million.
Debts at end 2025
€ 31.1 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 2.2 million
▲ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,994
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 | € 350,974 | € -22,482 | € -167,615 | € -163,772 | ▲ € 3,843 |
| Profit after taxes | € -1,024,401 | € -2,271,666 | € -1,034,130 | € -532,372 | ▲ € 501,758 |
| Equity | € -1,543,405 | € -3,815,071 | € -4,849,201 | € 618,427 | ▲ € 5.5 million |
| Total debts | € 24,577,412 | € 28,422,374 | € 31,036,664 | € 33,414,865 | ▲ 8% |
| Cash | € 203,823 | € 606 | € 34,207 | € 258,424 | ▲ € 224,217 |
| Land & buildings | € 20,636,626 | € 20,636,626 | € 20,636,626 | € 20,636,626 | |
| Retained profit | € -1,562,005 | € -3,833,671 | € -4,867,801 | € -5,400,173 | ▼ € 532,372 |
| Bank debt | € 22,398,445 | € 27,477,905 | € 29,886,067 | € 31,082,744 | ▲ 4% |
| Balance sheet total | € 23,034,008 | € 24,607,303 | € 26,187,463 | € 34,033,292 | ▲ 30% |
Key figures of MG IMMO, 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 MG IMMO?
What happened at MG IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 532,372. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 1 million loss in 2022 to € 532,372 loss in 2025.
A new publication or filing at MG IMMO? 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
The stake of BPI Real Estate Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MG IMMOBehind MG IMMO are LAURENT STALENS RE SRL, Astrid FLAMAND, COEDO SRL and Jacques LEFEVRE. The shares are held by BPI Real Estate Belgium (50%).
Directors
According to the 2025 annual accounts
Director · represented by Laurent STALENS
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, AG REAL ESTATE, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH, SEAFRONT ZEEBRUGGE +38 more
Astrid FLAMAND
Director
Also active at: PARC DE L'ALLIANCE, CANAL WHARF, Urban Project, ARLON 53, SAMAYA DEVELOPMENT, AG Residential, Newton Office
Jacques LEFEVRE
Director
Also active at: BPI SAMAYA, BAVIERE DEVELOPPEMENT, WOOD SHAPERS, KeyWest Development, ARLON 53, LA RESERVE PROMOTIONS, BATAVES 1521
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT same network
€ 1.1 million gross margin · 2025
AG REAL ESTATE same network
€ 33.7 million revenue · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen same network
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo same network
€ 14 million revenue · 2025
+83 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
- 0887.578.605
- VAT number
- BE 0887.578.605
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- MG IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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