Subsidiaries and holdings
- Acer Opalus100%
- CEDRUS100%
- Celtis Julianae100%
- DULLE GRIET GARDEN100%
- Magnolia Kobus100%
- Malus Sylvestris100%
- Maple Garden100%
- Maple Land100%
Summary
MG Real Estate is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €165.4m and a net result of €16.7m. Equity has been growing by about 7.4% per year since 2018. Its solvency ranks better than 35% of 3,032 sector peers (NACE 64, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 12-11-2003 Normal situation
- Registered office
- 96 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Activities of holding companies NACE 64210and 2 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2025
- Establishment units
- 2.139.161.091 9000 Gent, since 01-01-2004
- 2.257.793.180 9850 Deinze, since 10-06-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 04-07-2025
Board and ownership
Board
- MG INVESTMENTManaging director · permanent representative Ignace De Paepe
- MG RE InvestmentManaging director · permanent representative Ignace De Paepe
- Ayers InvestDirector · since 10-06-2022 · permanent representative Karel Gielen
- Auditor
- Ernst & Young Bedrijfsrevisoren
Shareholders
- MG RE Invest S.A.99.99%annual accounts 2025
- Ignace De Paepe0.01%annual accounts 2025
- Holdings
- Shares in 55 companies including Abies Alba two and Abies Grandis
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €16.7m
- ▲ 851%
- Equity
- €165.4m
- ▼ 2.0%
- Total assets
- €378.2m
- ▲ 22.5%
- Employees on 31-12-2025
- 14
- ▼ 6.7%
Net result +851%: merger
SignalsneutralLatest accounts filed on timeShow the evidence
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
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
12 days late
2023
12 days late
2022
42 days early
2021
31 days early
2020
24 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Result rose in 2025merger with Magnifera ▲ 851% View
- Positive: Higher net result than 94% of companies in financial servicessector median €104,524 · 3,034 companies €16.7m View
- New directorslatest change 22-06-2026 · 9 in office 4 joined View
- Positive: 6 profitable years in a rowprofit 2025: €16.7m 6 years View
Recent changes
- · Gazette deed 6 directors appointedAppointments: Ayers Invest BV, MG RE Investment BV and 4 others · Permanent representatives: Karel Gielen, Ignace De Paepe and 4 others · Power of attorney: Christophe Blindeman
- · Gazette deed 6 directors appointedReappointment: Ernst & Young Bedrijfsrevisoren (company auditor) · Appointments: MG RE Investment BV, Prodit BV and 3 others · Permanent representatives: Ignace De Paepe, Ignace Tytgat and 3 others
- · Gazette deed Merger proposal: MG Real Estate takes over MagniferaThe company holds all the shares of Magnifera · Power of attorney: Dirk Caestecker · Power of attorney: Blindeman
Companies linked to MG Real Estate
Comparable companies
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.
| Company | Total assets | Turnover |
|---|---|---|
| MG Real Estate Gent | €378.2m | €13.7m |
| SOUDAL HOLDING Turnhout | €497.4m | €7.8m |
| ALCOGROUP Watermaal-Bosvoorde | €325.9m | €6.6m |
| NH BELGIUM Machelen (Brab.) | €221.4m | €7.9m |
| Fedrus International Gent | €270.0m | €11.0m |
| ANDHERS Sint-Niklaas | €518.5m | €10.1m |
| CORDEEL GROUP Temse | €136.7m | €10.0m |
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 Gent.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?
- The legal form of MG Real Estate is 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 (Aanvullend Paritair Comité voor de bedienden) and 100 (Aanvullend Paritair Comité voor de werklieden).
- 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
Next steps
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