Equity
€286,172 ▲ 53.4%
MGD Services has made a profit in every financial year since 2021.
MGD Services
Lifetime
5 annual accounts with figures on one time axispeak €256,555 (2024)
€152,472▼ 40.6%
peak €185,535 (2024)
€99,636▼ 46.3%
peak €356,755 (2023)
€286,172▲ 53.4%
€5.0m▼ 6.5%
peak 0 FTE (2024)
0 FTE
Board1 name since 2020
1 directorGOUDESEUNE Michiel Paul Josiane
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €256,555 to €152,472Result from €185,535 to €99,636Equity from €186,535 to €286,172Cash from €224,859 to €310,598
Key points
from the 2025 annual accountsResult
€99,636 ▼ 46.3%
The result fell in 2025 from €185,535 to €99,636.
Debts
€5.0m 95% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €46,926 falls due within a year.
Liquidity
7.09 was 1.45 in 2024
Short-term debts fell from €396,071 to €46,926.
Filings
5 annual accounts 5 late
The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
5.4%
Lower solvency than 90% of companies in financial services. Sector median 50.8% · 6,708 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
30 days late
2022
29 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 30 days after 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GOUDESEUNE Michiel Paul Josiane 100 sharesdeed of 31-12-2020
Shares in 1 company, ECO-SERVICE DC
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0760645591
Incorporation
Founding capital of €1,000, 100 shares · Founder: GOUDESEUNE Michiel Paul Josiane · Appointment: GOUDESEUNE Michiel Paul Josiane (director) · published on 31-12-2020 · Gazette deed
First establishment
Vaubanstraat 88, Ypres
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MGD Services Ypres | €5.3m | €152,472 | 5.4% | 0 |
| LGD Services Ypres | €5.3m | €163,760 | 5.4% | 0 |
| BIZ PUMPY HOLDING Courcelles | €4.4m | €178,508 | 50.4% | 0 |
| JinK Invest Knokke-Heist | €4.3m | €123,624 | 17.6% | 0 |
| JUSIMAR Bruges | €3.4m | €158,909 | 7.2% | 0 |
| ATCARS Knokke-Heist | €5.4m | €109,948 | 90.2% | 0 |
| GILGEMYN HOLDING Wevelgem | €4.5m | €210,654 | 69.6% | 0 |
These companies have the same main activity as MGD Services: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €3.4m and €5.4m, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 29-12-2020Normal situation
- Activity
- Activities of holding companiesNACE 64210and 1 other
- Establishment unit
- 2.311.352.4248900 Ypres, since 29-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Insights on MGD Services
MGD Services files the abbreviated format. That format states no turnover. The gross margin rose from €108,027 in 2021 to €152,472 in 2025.
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 MGD Services
- What is the company number of MGD Services?
- The company number of MGD Services is 0760.645.591. The VAT number is the same number with BE in front: BE 0760.645.591.
- Where is MGD Services based?
- The registered office is at Vaubanstraat 88, 8900 Ypres.Company details
- What does MGD Services do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of MGD Services?
- MGD Services is a private limited company (BV).
- When was MGD Services founded?
- MGD Services was founded on 29-12-2020.
- Is MGD Services still active?
- Yes, MGD Services is an active enterprise in the KBO register.
- What is the turnover of MGD Services?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €152,472 and 32 comparable companies (NACE 64210). It probably lies between €200,000 and €300,000.Financials
- Is MGD Services profitable?
- In financial year 2025, MGD Services made a profit of €99,636.
- Where can I find the annual accounts of MGD Services?
- MGD Services filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MGD Services due?
- MGD Services must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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