Equity
€165.4m ▼ 2.0%
MG Real Estate paid out €20.0m in dividends. That is 120% of the 2025 profit.
MG Real Estate
Part of the group
71 companies in 6 countries
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €2.5m (2020)
-not published
lowest -€1.3m (2019)
€16.7m▲ 851%
peak €168.7m (2024)
€165.4m▼ 2.0%
€212.9m▲ 51.9%
peak 17.9 FTE (2022)
14 FTE▼ 11.9%
Board18 names since 2007all names
9 directors and 8 others
Owners6 names in the annual accounts
99.99% and 1 other
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Turnover from €17.1m to €13.7mResult from €1.8m to €16.7mStaff from 15.9 FTE to 14 FTEMerger proposal: MG Real Estate takes over Magnifera 29-08Dividend €20.0mDebts from €140.2m to €212.9m
Key points
from the 2025 annual accountsResult
€16.7m ▲ 851%
The result rose in 2025: merger with Magnifera.
Debts
€212.9m ▲ 51.9%
Debts rose by €72.7m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€2.6m 4.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 110.7% higher than in 2024.
Payment terms
178 days to suppliers
MG Real Estate pays its suppliers 65 days later than in 2024. Customers pay 134 days later.
At the same address
95 companies
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
Board and ownership
Managing director,
Managing director,
Director,
Director,
Director, , since 10-06-2022
Auditor,
- 99.99%annual accounts 2025
- 0.01%annual accounts 2025
Shares in 55 companies, including and
Board & ownershipRecent changes
6 directors appointed
, , BV, and · Permanent representatives: , , , , and · Gazette deed
5 directors appointed, 1 reappointment
Reappointment: (company auditor) · Appointments: , BV, and · Permanent representatives: , , , and · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861589434
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MG Real Estate Ghent | €13.7m | -67.7% | 43.7% | 14 |
| SOUDAL HOLDING Turnhout | €7.8m | 37.9% | 37.6% | 21.9 |
| ALCOGROUP Watermael-Boitsfort | €6.6m | 8.8% | 69.3% | 19.2 |
| NH BELGIUM Machelen (Brab.) | €7.9m | 2.4% | 48.5% | 19.9 |
| Fedrus International Ghent | €11.0m | 3.3% | 43.8% | 10.7 |
| ANDHERS Sint-Niklaas | €10.1m | 4.7% | 80.5% | 8.2 |
| CORDEEL GROUP Temse | €10.0m | -11.0% | 90.2% | 21.2 |
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MG Real Estate: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €137m and €518m, founded between 1992 and 2015.
Official details
Source: KBO- Status
- Active since 12-11-2003Normal situation
- Registered office
- 96 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Activities of holding companiesNACE 64210and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment units
- 2.139.161.0919000 Ghent, since 01-01-2004
- 2.257.793.1809850 Deinze, since 10-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 04-07-2025
Annual accounts 2025
- €378.2m▲ 22.5%
- Employeeson 31-12-2025
- 14▼ 6.7%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Companies linked to MG Real Estate
Subsidiaries and holdings
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
Insights on MG Real Estate
Solvency fell in 2025 from 54.6% to 43.7% because of the dividend.
. holds all the shares. In March 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MG Real Estate
- What is the company number of MG Real Estate?
- The company number of MG Real Estate is 0861.589.434. The VAT number is the same number with BE in front: BE 0861.589.434.
- Where is MG Real Estate based?
- The registered office is at Esplanade Oscar Van de Voorde 1, 9000 Ghent.Company details
- What does MG Real Estate do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of MG Real Estate?
- MG Real Estate is a public limited company (NV).
- When was MG Real Estate founded?
- MG Real Estate was founded on 12-11-2003.
- Is MG Real Estate still active?
- Yes, MG Real Estate is an active enterprise in the KBO register.
- How many employees does MG Real Estate have?
- MG Real Estate had an average of 14 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MG Real Estate fall under?
- In its 2025 annual accounts, MG Real Estate states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of MG Real Estate?
- The turnover of MG Real Estate was €13.7m in financial year 2025, according to the filed annual accounts.
- Is MG Real Estate profitable?
- In financial year 2025, MG Real Estate made a profit of €16.7m.
- Where can I find the annual accounts of MG Real Estate?
- MG Real Estate filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MG Real Estate due?
- MG Real Estate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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