MG SOFTWARE
Annual accounts 2025
micro format, filed on 13-05-2026, 79 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €170,000.
Balance sheet
balance sheet total €122,860 on 31-12-2025in euro
in euro
Position in the sector
38.7%
Higher than 33% of 21,206 companies in 2025.
1.55
Higher than 34% of 20,569 companies in 2025.
5.9%
Higher than 27% of 20,744 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€24,612
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
122,860 | 146,995 | 117,252 | 79,186 | 66,577 | |
21/28 |
6,117 | 4,871 | 5,616 | 6,361 | 7,106 | |
22/27 |
6,117 | 4,871 | 5,616 | 6,361 | 7,106 | |
24 |
1,991 | - | - | - | - | |
26 |
4,126 | 4,871 | 5,616 | 6,361 | 7,106 | |
29/58 |
116,743 | 142,124 | 111,636 | 72,825 | 59,471 | |
40/41 |
29,543 | 24,476 | 32,224 | 24,404 | 24,101 | |
40 |
29,543 | 24,476 | 32,224 | 24,404 | 24,101 | |
54/58 |
86,620 | 117,544 | 78,980 | 47,983 | 34,480 | |
490/1 |
580 | 104 | 432 | 438 | 890 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
122,860 | 146,995 | 117,252 | 79,186 | 66,577 | |
10/15 |
47,500 | 81,323 | 92,991 | 54,962 | 42,946 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
42,500 | 42,500 | 42,500 | 42,500 | 37,500 | |
133 |
42,500 | 42,500 | 42,500 | 42,500 | 37,500 | |
14 |
- | 33,823 | 45,491 | 7,462 | 446 | |
17/49 |
75,360 | 65,672 | 24,261 | 24,224 | 23,630 | |
42/48 |
75,360 | 65,672 | 24,261 | 24,224 | 21,830 | |
44 |
500 | 396 | 623 | 199 | 415 | |
440/4 |
500 | 396 | 623 | 199 | 415 | |
45 |
33,477 | 26,921 | 22,066 | 22,506 | 20,285 | |
450/3 |
24,968 | 22,872 | 21,804 | 22,506 | 17,785 | |
454/9 |
8,508 | 4,048 | 262 | - | 2,500 | |
47/48 |
41,383 | 38,356 | 1,572 | 1,519 | 1,130 | |
492/3 |
- | - | - | - | 1,800 | |
| Income statement | ||||||
9900 |
39,003 | 56,903 | 48,884 | 18,216 | 55,307 | |
62 |
24,612 | 10,780 | - | - | - | |
630 |
1,121 | 745 | 745 | 745 | 1,145 | |
640/8 |
2,185 | 860 | 333 | 654 | 624 | |
9901 |
11,084 | 44,519 | 47,807 | 16,818 | 53,538 | |
75/76B |
30 | 0 | 6 | 16 | - | |
75 |
30 | 0 | 6 | 16 | - | |
65/66B |
223 | 247 | 221 | 146 | - | |
65 |
223 | 247 | 221 | 146 | - | |
9903 |
10,891 | 44,272 | 47,591 | 16,687 | 53,538 | |
67/77 |
3,651 | 10,940 | 9,562 | 4,671 | 15,592 | |
9904 |
7,240 | 33,332 | 38,029 | 12,016 | 37,946 | |
9905 |
7,240 | 33,332 | 38,029 | 12,016 | 37,946 | |
| Appropriation of the result | ||||||
9906 |
41,063 | 78,823 | 45,491 | 12,462 | 37,946 | |
14P |
33,823 | 45,491 | 7,462 | 446 | - | |
691/2 |
- | - | - | 5,000 | 37,500 | |
6921 |
- | - | - | 5,000 | 37,500 | |
694/7 |
41,063 | 45,000 | - | - | - | |
694 |
41,063 | 45,000 | - | - | - | |
| Social balance sheet | ||||||
9087 |
1 | 0.4 | - | - | - | |
Hours worked1013 |
1,299 | 638 | - | - | - | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 13-05-2026.
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 | 13-05-2026 | 2026-00109953 | |
| 31-12-2024 | micro format | 29-05-2025 | 2025-00118088 | |
| 31-12-2023 | micro format | 03-09-2024 | 2024-00438263 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00428933 | |
| 31-12-2021 | micro format | 26-10-2022 | 2022-20480837 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 12,205 | 45,264 | 48,551 | 17,562 | 54,683 | ||
| 8,361 | 34,077 | 38,774 | 12,761 | 39,091 | ||
| 2,367 | 0 | 0 | 0 | 7,449 | ||
| -30,924 | 38,564 | 30,998 | 13,503 | - | ||
| 41,383 | 76,452 | 87,375 | 48,601 | 37,640 | ||
| 38.7% | 55.3% | 79.3% | 69.4% | 64.5% | ||
| 1.55 | 2.16 | 4.60 | 3.01 | 2.72 | ||
| 1.59 | 0.81 | 0.26 | 0.44 | 0.55 | ||
| 15.2% | 41.0% | 40.9% | 21.9% | 88.4% | ||
| 5.9% | 22.7% | 32.4% | 15.2% | 57.0% | ||
| 54.65 | over 100 | over 100 | over 100 | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| 1 | 0.4 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 1 |
| Left | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,367 | - | - | - | €7,449 |
| €1,121 | €745 | €745 | €745 | €1,145 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MG SOFTWARE
The operating result for 2025 is 75% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 44.7% to 61.3%. Equity is lower and debt is higher.