MQG
Annual accounts 2025
micro format, filed on 28-07-2026, 3 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 ≈ €29,000. Estimated: probably between €19,000 and €47,000.
Balance sheet
balance sheet total €156,553 on 31-12-2025in euro
in euro
Position in the sector
-5.5%
Higher than 15% of 17,178 companies in 2025.
0.07
Higher than 9% of 16,475 companies in 2025.
-2.2%
Higher than 25% of 16,854 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
156,553 | 165,343 | 173,993 | |
21/28 |
153,787 | 162,997 | 170,159 | |
22/27 |
153,787 | 162,997 | 170,159 | |
22 |
153,787 | 162,997 | 170,159 | |
29/58 |
2,767 | 2,346 | 3,834 | |
54/58 |
2,085 | 1,673 | 3,184 | |
490/1 |
682 | 673 | 650 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
156,553 | 165,343 | 173,993 | |
10/15 |
-8,562 | -5,088 | -1,997 | |
10/11 |
30,000 | 30,000 | 30,000 | |
14 |
-38,562 | -35,088 | -31,997 | |
17/49 |
165,115 | 170,430 | 175,990 | |
17 |
127,912 | 134,088 | 140,103 | |
170/4 |
124,417 | 130,608 | 136,623 | |
178/9 |
3,495 | 3,480 | 3,480 | |
42/48 |
36,968 | 36,173 | 35,777 | |
42 |
6,191 | 6,015 | 5,844 | |
44 |
652 | 632 | 408 | |
440/4 |
652 | 632 | 408 | |
47/48 |
30,125 | 29,525 | 29,525 | |
492/3 |
235 | 170 | 110 | |
| Income statement | ||||
9900 |
10,875 | 11,010 | 9,669 | |
630 |
9,210 | 9,177 | 33,921 | |
640/8 |
1,046 | 632 | 2,062 | |
9901 |
618 | 1,201 | -26,314 | |
65/66B |
4,092 | 4,291 | 5,683 | |
65 |
4,092 | 4,291 | 5,683 | |
9903 |
-3,474 | -3,091 | -31,997 | |
9904 |
-3,474 | -3,091 | -31,997 | |
9905 |
-3,474 | -3,091 | -31,997 | |
| Appropriation of the result | ||||
9906 |
-38,562 | -35,088 | -31,997 | |
14P |
-35,088 | -31,997 | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 9,829 | 10,378 | 7,607 | ||
| 5,736 | 6,087 | 1,924 | ||
| 0 | 2,015 | 204,080 | ||
| 412 | -1,512 | - | ||
| -34,202 | -33,827 | -31,943 | ||
| -5.5% | -3.1% | -1.1% | ||
| 0.07 | 0.06 | 0.11 | ||
| -2.2% | -1.9% | -18.4% | ||
| 2.40 | 2.42 | 1.34 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €2,015 | €204,080 |
| €9,210 | €9,177 | €33,921 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MQG
The operating result for 2025 is 48% lower than in 2024.
Equity is negative. Debt (€165,115) exceeds the balance-sheet total (€156,553).