M&G Group Belgium
ActiveSummary
M&G Group Belgium has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €827k and a net result of €62k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 77% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-3
Solvency91▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.04 in 2024; short-term debt: 32.3% and cash: 16.6% of total assets), and 33.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.2%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
15 d early
2023
23 d late
2022
21 d late
2021
62 d early
2020
59 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€62k▼ 13.4%
2024 · €71k
2018: €113k
2019: €111k
2020: €91k
2021: €120k
2022: €94k
2023: €76k
2024: €71k
2018 → 2025
Working capital
€548k▲ 3.1%
2024 · €532k
2018: €715k
2019: €596k
2020: €616k
2021: €529k
2022: €489k
2023: €511k
2024: €532k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€827k-€827k=€827k=€827k=€827k=
Operating result€217k-€192k▼ 11.6%€181k▼ 5.7%€170k▼ 5.8%€161k▼ 5.2%
Net result€120k-€94k▼ 21.4%€76k▼ 19.7%€71k▼ 5.6%€62k▼ 13.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€298k ▼ 7.0%
Current assets
€952k ▼ 8.8%
Equity and liabilities €1.25M
Equity
€827k =
Debt
€423k ▼ 21.3%
Debt's share of the balance-sheet total falls from 39.4% to 33.8%. Debt is lower.
Key figures and ratios
EBITDA
€192k▼
2024 · €204k
Cash flow
€92k▼
2024 · €105k
Current ratio
2.36▲
2024 · 2.04
Quick ratio
1.12▲
2024 · 1.00
Debt to equity
0.51▼
2024 · 0.65
ROE
7.5%▼
2024 · 8.6%
ROA
4.9%▼
2024 · 5.2%
Interest coverage
2.44▼
2024 · 2.68
Debt ≤ 1 year
€404k▼
2024 · €512k
Debt > 1 year
€19k▼
2024 · €25k
Income taxes
€37k▼
2024 · €38k
Staff costs
€855k▼
2024 · €921k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.36M€1.25M▼
Fixed assets21/28€321k€298k▼
Tangible fixed assets22/27€319k€297k▼
Land and buildings22€246k€237k▼
Plant, machinery and equipment23€14k€15k▲
Furniture and vehicles24€13k€7k▼
Leasing and similar rights25€23k€15k▼
Assets under construction and advance payments27€23k€23k=
Financial fixed assets28€1k€1k=
Current assets29/58€1.04M€952k▼
Stocks and contracts in progress3€532k€502k▼
Stocks30/36€532k€502k▼
Amounts receivable within one year40/41€260k€235k▼
Trade receivables40€238k€210k▼
Other amounts receivable41€22k€25k▲
Cash at bank and in hand54/58€244k€207k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.36M€1.25M▼
Equity10/15€827k€827k=
Contributions10/11€121k€121k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€59k€59k=
Share premium1100/10€59k€59k=
Reserves13€706k€706k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€700k€700k=
Amounts payable17/49€537k€423k▼
Amounts payable after more than one year17€25k€19k▼
Financial debts170/4€25k€19k▼
Amounts payable within one year42/48€512k€404k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€95k€102k▲
Suppliers440/4€95k€102k▲
Taxes, remuneration and social security45€170k€163k▼
Taxes450/3€51k€56k▲
Remuneration and social security454/9€120k€107k▼
Other amounts payable47/48€241k€133k▼
Income statement
Code20242025
Remuneration, social security and pensions62€921k€855k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€30k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€907▼
Other operating charges640/8€12k€12k▲
Gross operating margin9900€1.16M€1.06M▼
Operating profit (loss)9901€170k€161k▼
Financial income75/76B€15k€15k▲
Recurring financial income75€15k€15k▲
Financial charges65/66B€76k€78k▲
Recurring financial charges65€76k€78k▲
Profit (loss) for the period before taxes9903€110k€98k▼
Income taxes67/77€38k€37k▼
Profit (loss) for the period9904€71k€62k▼
Profit (loss) for the period to be appropriated9905€71k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€62k▼
Profit to be distributed694/7€71k€62k▼
Return on contributions (dividend)694€71k€62k▼
Social balance
Average headcount (FTE)90879.89.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €62k ▼13.4%
Net result drops to €62k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €120k ▲32.4%
Operating result €217k, net result €120k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hoegaarden · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bleyveldstraat 113320 HoegaardenGround area
7,878 m²
Building footprint
1,464 m²
Volume, LiDAR
8,802 m³
Parcel 24041L0237/00B000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bleyveldstraat 11, 3320 Hoegaarden
since 19802.109.328.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041L0237/00B000 | Flanders | 7,878 m² | 1 · 1,464 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MENGE - DE BRAEKELEIR
BE 0453.583.579
Gent · Eq €827k
FRUYTHOF
BE 0834.873.852
Berlare · Eq €828k
GIGANTES
BE 0660.644.828
Lennik · Eq €826k
RENOVATIE EN ONDERHOUDSWERKEN
BE 0428.372.388
Geel · Eq €829k
ENDEMA
BE 0685.411.995
Verlaine · Eq €830k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,608 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-08-1976
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www. mg-group.com
E-mail:info-be@mg-group.com
E-mail:info@isoleco.be
Phone:016/76.80.00
Fax:016/76.80.09