ACTIVE

MBG

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result11,3 M €-4,2 %over 1 year
Revenue100,8 M €-42,5 %over 1 year
Equity26 M €+5,2 %over 1 year
Workforce181,5 ETP-4,3 %over 1 year

Identity

Source · BCE/KBO

MBG is a Public limited company incorporated in 1973. Its main activity is: Construction of buildings. Its registered office is in Antwerpen. It employs on average 181,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0413.352.434
Incorporation
03/07/1973
Legal form
Public limited company
Registered office
Laarstraat 16 box b12
2610 Antwerpen · FlandreSee on map
Contributed capital
1 500 000,00 €
Latest accounts
31/12/2025
Average workforce
181,5 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Contacts
3 public details availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue100,8 M €175,5 M €162,4 M €106,4 M €120,9 M €
EBITDA14,2 M €15,5 M €9,2 M €1,4 M €1,6 M €
Operating result13,5 M €13,7 M €5,9 M €2,3 M €-1,4 M €
Net result11,3 M €11,8 M €5,1 M €1,8 M €-1,6 M €
Balance sheet
Equity26 M €24,7 M €16,4 M €14,4 M €12,5 M €
Total assets127,6 M €123,2 M €111,6 M €79,2 M €76,4 M €
Cash1,2 M €1,8 M €6,3 M €6,1 M €11,4 M €
Debts43,3 M €93 M €91,2 M €59,4 M €55,4 M €
Other
Workforce181,5 ETP189,6 ETP197,6 ETP200,5 ETP215,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Lamcy1030.192.458Represented by Bruno Lambrecht
Director05/01/2026 → 15/04/2027
Nadine SIMONS
Director31/10/2024 → 15/04/2027
Bruno Lambrecht
Director01/10/2024 → 15/04/2027
Fabien DE JONGE
Director01/07/2015 → 15/04/2027
Luc STUYCK
Director28/06/2017 → 15/04/2027
TROREMA0899.683.413Represented by Raymund TROST
Director26/01/2016 → 15/04/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CARDUUS CONSULTING0849.458.791Represented by Laurent Eeraerts
Director07/06/2023 → 2024 accounts
AHO Consulting0536.430.784Represented by Alexander HODAC
Director31/05/2022 → 2024 accounts

Other companies at this address

Laarstraat 16 2610 Antwerpen
CompanyCBE no.
INFOMAT● Active
0460.190.566
Kerridge Commercial Systems Belgium● Active
0662.902.849
LIYOURA● Active
1032.209.563
NORWAY FOODS (EUROPE)● Active
0420.395.822
THV CFE BOUW VLAANDEREN - BE.MAINTENANCE● Active
0656.625.761
Tijdelijke maatschap Cunha-MBG● Active
0795.223.618
Tijdelijke vennootschap D&E-CFE GBW● Active
0715.887.219
TM MBG - ASK Romein Malle● Active
0776.494.304
TM MBG-CIT● Active
1011.244.103
TM MBG-EVR/Inbo - Arcadis● Active
0783.257.578
TM MBG-VMA● Active
0773.998.038
TM MBG-VMA BN5● Active
1006.446.858
TM MBG-VMA BSB● Active
1035.283.572
TM SCO - MBG● Active
0799.749.162

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/04/202615/05/202514/05/202427/04/202327/04/202216/04/2021
General meeting16/04/202617/04/202518/04/202420/04/202321/04/202215/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/04/202621/04/2026DutchPDF
Full model31/12/202417/04/202515/05/2025DutchPDF
Full model31/12/202318/04/202414/05/2024DutchPDF
Full model31/12/202220/04/202327/04/2023DutchPDF
Full model31/12/202121/04/202227/04/2022DutchPDF
Full model31/12/202015/04/202116/04/2021DutchPDF
Full model31/12/201918/05/202018/05/2020DutchPDF
Full model31/12/201818/04/201923/04/2019DutchPDF
Full model31/12/201719/04/201820/04/2018DutchPDF
Full model31/12/201620/04/201720/04/2017DutchPDF
Full model31/12/201521/04/201612/05/2016DutchPDF
Full model31/12/201416/04/201508/06/2015FrenchPDF
Full model31/12/201317/04/201421/05/2014FrenchPDF
Full model31/12/201218/04/201326/06/2013FrenchPDF
Full model31/12/201103/05/201230/05/2012FrenchPDF
Full model31/12/201005/05/201117/06/2011FrenchPDF
Full model31/12/200907/05/201006/07/2010FrenchPDF
Full model31/12/200807/05/200930/06/2009FrenchPDF
Full model30/06/200708/11/200720/12/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 16 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Lamcy1030.192.458Represented by Bruno Lambrecht
Director05/01/2026 → 15/04/2027
Nadine SIMONS
Director31/10/2024 → 15/04/2027
Bruno Lambrecht
Director01/10/2024 → 15/04/2027
Fabien DE JONGE
Director01/07/2015 → 15/04/2027
Luc STUYCK
Director28/06/2017 → 15/04/2027
TROREMA0899.683.413Represented by Raymund TROST
Director26/01/2016 → 15/04/2027

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CARDUUS CONSULTING0849.458.791Represented by Laurent Eeraerts
Director07/06/2023 → 2024 accounts
AHO Consulting0536.430.784Represented by Alexander HODAC
Director31/05/2022 → 2024 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates11/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
Lamcy
Nadine SIMONS
Bruno Lambrecht
TROREMA
Fabien DE JONGE
Luc STUYCK
CARDUUS CONSULTING
AHO Consulting
8822
ALMACON
Piet DEJONGHE
Patrick VERSWIJVEL
1973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027
MBG
Laarstraat 16 bte b12, 2610 Wilrijk (Antwerp)
Director
Director
Director
Director
Director
Director
Director
Director
DirectorManaging director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Laarstraat 16 bte b12, 2610 Wilrijk (Antwerp)Current
accounts 2021 → 2025
Accounts 2025 · 2026-00086321

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MBGCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00086321

Events

  1. 16/04/2026
    reconductionLamcy BV · bestuurder
  2. 05/01/2026
    nominationLamcy BV · bestuurder
  3. 2025
    Annual accounts 202511,3 M €↓
  4. 17/04/2025
    reconductionBruno Lambrecht · bestuurder
  5. 17/04/2025
    reconductionNadine Simons · bestuurder
  6. 2024
    Annual accounts 202411,8 M €↑
  7. 31/10/2024
    nominationNadine Simons · bestuurder
  8. 01/10/2024
    nominationBruno Lambrecht · bestuurder
  9. 18/04/2024
    reconductionEY Bedrijfsrevisoren BV · commissaris
  10. 2023
    Annual accounts 20235,1 M €↑
  11. 07/06/2023
    nominationCarduus Consulting BV · bestuurder
  12. 20/04/2023
    reconductionAHO Consulting BV, vast vertegenwoordigd door Alexander HODAC · bestuurder
  13. 2022
    Annual accounts 20221,8 M €↑
  14. 31/05/2022
    nominationAHO Consulting BV · bestuurder
  15. 2021
    Annual accounts 2021-1,6 M €↓
  16. 2020
    Annual accounts 20201,7 M €↓
  17. 2019
    Annual accounts 20192,3 M €↑
  18. 2018
    Annual accounts 20182,1 M €↑
  19. 2017
    Annual accounts 20172 M €↓
  20. 2016
    Annual accounts 20162,7 M €↑
  21. 2015
    Annual accounts 20151,5 M €↑
  22. 2014
    Annual accounts 2014517,9 k €↑
  23. 2013
    Annual accounts 2013-203,9 k €↓
  24. 2012
    Annual accounts 2012443,9 k €↓
  25. 2011
    Annual accounts 2011490,1 k €↑
  26. 2010
    Annual accounts 2010347,3 k €↑
  27. 2009
    Annual accounts 2009220,8 k €↓
  28. 2008
    Annual accounts 20081,2 M €↑
  29. 2007
    Annual accounts 2007229 k €
  30. 03/07/1973
    IncorporationPublic limited company