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MG PROJECTS

Active Private limited companyfounded 2008active for 18 yearsDe Limburg Stirumdreef 9, 8570 AnzegemKBO/BCE: BE 0806.510.557
MG PROJECTS
Financial year 2025
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Annual accounts 2025

micro format, filed on 17-07-2026, 14 days before the deadline
€160,498
▲ 245%
€137,876
▲ 608%
€91,670
▲ 17×
€156,704
▲ 261%
82.9%
▲ 24.2 percentage points
5.25
▲ 3.64

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €220,000 and €310,000.

Balance sheet

balance sheet total €239,206 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

82.9%

Higher than 79% of 21,206 companies in 2025.

5.25

Higher than 76% of 20,569 companies in 2025.

38.3%

Higher than 76% of 20,744 companies in 2025.

MG PROJECTS Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 239,206181,526182,114194,383176,413196,253174,023164,837191,767126,565147,442154,218144,352124,05985,55669,47548,112
21/28 45,64167,30238,83156,03874,24492,86137,34751,99160,96729,22549,51866,01379,81576,77738,99019,05824,913
22/27 45,64167,30238,83156,03874,24492,86137,34751,99160,96729,22549,51866,01379,81576,77738,99019,05824,913
22 7,9938,3538,7139,0769,4639,87610,31510,78211,27811,80712,36912,96713,60314,100---
23 02015268511,1761,501---761522283976431,1941,7441,827
24 37,64958,74829,59246,11163,60581,48427,03241,21049,68917,34236,99752,81865,81562,03437,79617,31523,086
29/58 193,565114,224143,282138,345102,169103,392136,677112,845130,80097,34097,92488,20664,53747,28246,56650,41623,199
40/41 81,63161,99037,88870,54339,40245,77856,04647,99940,63542,16947,66375,87234,98041,05734,54031,25222,004
40 48,58861,99037,87758,81139,40245,77844,40634,83226,52532,72529,52027,86820,11219,65923,71124,04918,798
41 33,04301111,732-011,63913,16714,1099,44418,14348,00414,86821,39810,8297,2033,205
50/53 --036,13239,75939,56237,01937,01938,99338,43138,473------
54/58 105,40119,29066,7412,73710,5389,53741,94018,90448,45816,73911,29012,03325,9664,95511,41117,133-
490/1 6,53332,94538,65328,93312,4708,5161,6728,9232,713-4993003,5911,2706152,0321,196
Balance sheet: equity and liabilities
10/49 239,206181,526182,114194,383176,413196,253174,023164,837191,767126,565147,442154,218144,352124,05985,55669,47548,112
10/15 198,363106,693101,143162,046153,737140,666126,795118,910119,549115,129114,349111,102106,38886,99968,45953,06422,168
10/11 25,64325,64325,64361,71061,71061,71061,71061,71061,71061,71061,71061,71061,71018,60018,60018,6006,200
100 ------61,71061,71061,71061,71061,71061,71061,71018,60018,60018,60018,600
101 ----------------12,400
13 172,72081,05075,500100,33692,02778,95665,08557,83957,83953,41952,63949,39244,67868,39949,85934,46415,968
130/1 ---06,1716,171-----------
130 ------6,1716,1716,1716,1716,1716,1716,1711,8601,8601,8601,860
1311 ---06,1716,171-----------
133 172,72081,05075,500100,33685,85672,78558,91451,66851,66847,24846,46843,22138,50766,53947,99932,60414,108
14 -00-----638---------
17/49 40,84374,83380,97132,33722,67755,58747,22945,92672,21811,43633,09343,11637,96437,06017,09716,41025,944
17 ---02,9587,98314,00827,84941,526--6,92015,84924,450-5,34812,142
170/4 ---02,9587,98314,00827,84941,526--6,92015,84924,450-5,34812,142
42/48 36,86170,85180,97131,98319,71847,60533,22117,96730,69311,43633,09336,19722,11412,61017,09711,06213,802
42 --02,9585,02418,97313,84113,67713,514-6,9208,9298,6018,2858,8486,7936,427
43 ----------1,414-----3,139
430/8 ----------1,414-----3,139
44 3,8658,82713,91818,4427024,0895,9531,4715,7722,6391,55312,6718,2973,9152632,227-
440/4 3,8658,82713,91818,4427024,0895,9531,4715,7722,6391,55312,6718,2973,9152632,227-
45 32,99613,13614,89310,5829,05114,7815,8521,9255,6027,21912,2285,8365,2174097,9862,0424,237
450/3 32,9968,5719,3915,1273,6559,3891871,925944,1096,6892,8922,3244097,0972,0422,237
454/9 04,5655,5035,4555,3965,3925,665-5,5083,1115,5392,9442,892-889-2,000
47/48 048,88852,16004,9419,7617,5758945,8051,57710,9798,761-----
492/3 3,9833,9830354---110---------
Income statement
76A ---09,050--28113,469---2,826----
9900 160,49846,55862,64039,28652,48350,06729,99819,95732,87024,75736,19030,76257,81149,63240,43734,34531,437
630 21,66125,98418,62019,37129,61929,24314,64514,67424,01820,29320,96020,03719,85918,34213,4376,3227,128
640/8 9611,1091,3651,6691,7011,6221,7876507357019441,5577282,1703,2047111,247
66A ------------2,934----
9901 137,87619,46442,65518,24521,16419,20313,5664,6338,1173,76314,2859,16837,22429,12023,79627,31223,062
75/76B -06475721742862162717092102814181437720610184
75 -06475721742862162717092102814181437720610184
65/66B 1,1275,2463534,749854-1,6526652,7741725922,6571,2101,7071,0609031,2282,120
65 1,1275,246-2,5911,122854-1,6526652,7741725922,6571,2101,7071,0609031,2282,120
66B -02,9443,627-------------
9903 136,74914,21842,94914,06820,48421,14113,1172,1308,6543,38111,9098,37535,55228,13623,09926,09421,127
67/77 45,0798,66812,7425,7597,4137,2705,2332,7684,2342,6018,6623,66211,3739,5967,7057,5985,159
9904 91,6705,55030,2078,30913,07113,8727,884-6384,4207803,2474,71424,17918,54015,39418,49615,968
9905 91,6705,55030,2078,30913,07113,8727,884-6384,4207803,2474,71424,17918,54015,39418,49615,968
Appropriation of the result
9906 91,6705,55030,2078,30913,07113,8727,246-6384,4207803,2474,71424,17918,54015,39418,49615,968
791/2 -055,043---------47,900----
691/2 91,6705,55030,2078,30913,07113,8727,246-4,4207803,2474,71424,17918,54015,39418,49615,968
6920 ------------4,311---1,860
6921 91,6705,55030,2078,30913,07113,8727,246-4,4207803,2474,71419,86818,54015,39418,49614,108
694/7 -055,043---------47,900----
694 -055,043---------47,900----
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The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-07-2026 2026-00302793 PDF
31-12-2024 micro format 24-06-2025 2025-00193947 PDF
31-12-2023 micro format 29-07-2024 2024-00296760 PDF
31-12-2022 micro format 18-08-2023 2023-00337893 PDF
31-12-2021 micro format 22-07-2022 2022-20212395 PDF
31-12-2020 micro format 24-08-2021 2021-53600169 PDF
31-12-2019 micro format 27-08-2020 2020-45500441 PDF
31-12-2018 micro format 08-07-2019 2019-30300140 PDF
31-12-2017 micro format 21-06-2018 2018-21600385 PDF
31-12-2016 micro format 26-06-2017 2017-21600553 PDF
31-12-2015 abbreviated format 30-06-2016 2016-25600148 PDF
31-12-2014 abbreviated format 23-06-2015 2015-21000042 PDF
31-12-2013 abbreviated format 30-06-2014 2014-25100284 PDF
31-12-2012 abbreviated format 27-06-2013 2013-23200300 PDF
31-12-2011 abbreviated format 28-06-2012 2012-22900394 PDF
31-12-2010 abbreviated format 05-09-2011 2011-53500562 PDF
31-12-2009 abbreviated format 12-09-2011 2011-54500372 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
159,53745,44861,27537,61650,78248,44628,21119,30732,13524,05535,24529,20557,08347,46237,23333,63430,191
113,33131,53548,82727,68042,68943,11522,52914,03628,43821,07324,20724,75144,03936,88328,83124,81823,097
054,4561,4141,16511,00284,75806,41761,29104,4656,23546,70256,13033,36846732,041
86,111-47,45264,004-7,8011,001-32,40423,036-29,55431,7195,450-744-13,93321,011-6,456-5,722--
156,70443,37362,311106,36282,45155,788103,45694,878100,10785,90464,83152,00942,42334,67229,46939,3549,397
82.9%58.8%55.5%83.4%87.1%71.7%72.9%72.1%62.3%91.0%77.6%72.0%73.7%70.1%80.0%76.4%46.1%
5.251.611.774.335.182.174.116.284.268.512.962.442.923.752.724.561.68
0.210.700.800.200.150.400.370.390.600.100.290.390.360.430.250.311.17
46.2%5.2%29.9%5.1%8.5%9.9%6.2%-0.5%3.7%0.7%2.8%4.2%22.7%21.3%22.5%34.9%72.0%
38.3%3.1%16.6%4.3%7.4%7.1%4.5%-0.4%2.3%0.6%2.2%3.1%16.8%14.9%18.0%26.6%33.2%
over 1008.66-23.6533.5259.46------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€54,456€1,414€1,165€11,002
€21,661€25,984€18,620€19,371€29,619

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MG PROJECTS

The operating result for 2025 is 7.1 times that of 2024 and the highest since 2009. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 41.2% to 17.1%. Equity is higher and debt is lower.

Next steps

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