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 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MgM PROJECTS from Heusden-Zolder, company number BE1006678767, closed financial year 2025 with a result of € 43,676 after tax. For that financial year MgM PROJECTS recorded a gross margin of € 65,402 and equity of € 65,131. Compared with financial year 2024, the result moved from € 16,455 to € 43,676. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 65,131
▲ 204% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,676
▲ 165% vs 2024
Profit after tax over the fiscal year.
€ 54,228
▲ 112% 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 € 60,131.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 139,512
€ 34,293 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,632
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,464
▲ 165% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 21,302 | € 65,402 | ▲ 207% |
| Profit after taxes | € 16,455 | € 43,676 | ▲ 165% |
| Equity | € 21,455 | € 65,131 | ▲ 204% |
| Total debts | € 9,406 | € 231,510 | ▲ € 222,104 |
| Cash | € 25,609 | € 54,228 | ▲ 112% |
| Retained profit | € 16,455 | € 60,131 | ▲ 265% |
| Bank debt | € 0 | € 139,512 | |
| Balance sheet total | € 30,860 | € 296,640 | ▲ € 265,780 |
Key figures of MgM PROJECTS, fiscal years 2024 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 MgM PROJECTS?
What happened at MgM PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,676 (▲ 165% vs 2024). Source: NBB ↗
- New establishment in Heusden-Zolder. KBO
- Start of the company according to the CBE. KBO
- Giel Morren became a director. NBB
In short
From € 16,455 profit in 2024 to € 43,676 profit in 2025.
Paid € 20,534 in corporate taxes since 2024.
Best year ever: 2025, with € 43,676 profit.
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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 MgM PROJECTS is Giel Morren. It owns 48% of VAMO itself.
Directors
According to the 2025 annual accounts
since 2024
Establishments
Establishment units
Physical locations of this company
Hoekstraat 49
3550 Heusden-Zolder
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 1006.678.767
- VAT number
- BE 1006.678.767
- Registered office
- Hoekstraat 49, 3550 Heusden-Zolder
- Names & denominations
- MgM PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2024
- Peppol
- Active · Active since 23 May 2025
- Activities · NACE
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