ACTIVE

MGC Subcontracting

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Financial year 2025 · Closed on 31/12/2025

Net result486,3 k €+59,5 %over 1 year

Gross margin2,7 M €+7,6 %over 1 year

Equity4,6 M €+8,4 %over 1 year

Workforce15,2 ETP-10,6 %over 1 year

Identity

Source · BCE/KBO

MGC Subcontracting is a Private limited company incorporated in 1976. Its main activity is: Preparation and spinning of textile fibres. Its registered office is in Waregem. It employs on average 15,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0415.808.415
Incorporation: 01/01/1976
Legal form: Private limited company
Registered office: Leemputstraat 108
8792 Waregem · FlandreSee on map
Contributed capital: 1 550 000,00 €
Latest accounts: 31/12/2025
Average workforce: 15,2 ETP

Activities (NACE)

13100Preparation and spinning of textile fibres· main 13100Preparation and spinning of textile fibres 17110Manufacture of pulp 28940Manufacture of machinery for textile, apparel and leather production 28940Manufacture of machinery for textile, apparel and leather production

Joint committees (5)

111
1110
120
209
2090

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,7 M €	+7.6%	2,5 M €	-4.2%	2,6 M €	+8.3%	2,4 M €	+34.7%	1,8 M €
EBITDA	1,3 M €	+17.0%	1,1 M €	-10.7%	1,3 M €	+16.3%	1,1 M €	+32.1%	826,9 k €
Operating result	642,7 k €	+36.4%	471,2 k €	-8.1%	512,8 k €	-24.6%	679,7 k €	+13.6%	598,2 k €
Net result	486,3 k €	+59.5%	304,9 k €	-13.1%	350,8 k €	-30.5%	505,1 k €	+11.6%	452,7 k €
Balance sheet
Equity	4,6 M €	+8.4%	4,2 M €	+7.8%	3,9 M €	+90.6%	2 M €	+32.8%	1,5 M €
Total assets	6,3 M €	-2.4%	6,4 M €	-6.7%	6,9 M €	+26.1%	5,5 M €	+98.3%	2,8 M €
Cash	592,7 k €	+32.4%	447,7 k €	+33.3%	335,8 k €	-26.5%	457,2 k €	+20.3%	380,1 k €
Debts	1,6 M €	-23.3%	2,1 M €	-26.2%	2,9 M €	-12.7%	3,3 M €	+196%	1,1 M €
Other
Workforce	15,2 ETP	-10.6%	17,0 ETP	-5.6%	18,0 ETP	-0.6%	18,1 ETP	+18.3%	15,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bloom Management1005.440.731Represented by Charlotte Matthys	Directorsince 30/06/2025
JME Solutions1005.441.127Represented by Justin Matthys	Directorsince 30/06/2025
Valmaco1009.588.371Represented by Valérie Matthys	Directorsince 30/06/2025
MWM0454.725.112Represented by Wim Matthys	Directorsince 22/09/2008Manager22/09/2008 → 31/12/2008ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel DE WITTE	Manager01/01/2008 → 22/09/2008
Noel DE WITTE	Manager01/01/2008 → 22/09/2008

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	16/07/2025	04/06/2024	20/06/2023	07/06/2022	07/06/2021
General meeting	06/06/2026	30/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	20/07/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	10/07/2015	Dutch	PDF
Full model	31/12/2013	07/06/2014	19/06/2014	Dutch	PDF
Full model	31/12/2012	01/06/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	02/06/2012	30/08/2012	Dutch	PDF
Full model	31/12/2010	04/06/2011	28/07/2011	Dutch	PDF
Full model	31/12/2009	07/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	24/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bloom Management1005.440.731Represented by Charlotte Matthys	Directorsince 30/06/2025
JME Solutions1005.441.127Represented by Justin Matthys	Directorsince 30/06/2025
Valmaco1009.588.371Represented by Valérie Matthys	Directorsince 30/06/2025
MWM0454.725.112Represented by Wim Matthys	Directorsince 22/09/2008Manager22/09/2008 → 31/12/2008ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michel DE WITTE	Manager01/01/2008 → 22/09/2008
Noel DE WITTE	Manager01/01/2008 → 22/09/2008

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring08/09/2026
MET SPLITSING GELIJKGESTELDE VERRICHTING IN DE ZIN VAN ARTIKEL
PDF
Restructuring10/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other17/05/2016
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/03/2010
NAAMSWIJZIGING -HERFORMULERING STATUTEN NIEUWE TEKST
PDF
Mandates07/10/2008
ONTSLAGEN - BENOEMINGEN
PDF

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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

Filings18 filings

Mandates

Bloom Management

JME Solutions

Valmaco

MWM

Michel DE WITTE

Noel DE WITTE

197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MGC Subcontracting, afgekort MGC

Leemputstraat 108, 8792 Desselgem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Leemputstraat 108, 8792 DesselgemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00147177

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MGC SubcontractingCurrent		CBE
MGC Subcontracting, afgekort MGC	accounts 2021 → 2025	Accounts 2025 · 2026-00147177

Events

2025
Annual accounts 2025486,3 k €↑
2024
Annual accounts 2024304,9 k €↓
2023
Annual accounts 2023350,8 k €↓
2022
Annual accounts 2022505,1 k €↑
2021
Annual accounts 2021452,7 k €↑
2018
Annual accounts 201857,1 k €↓
2017
Annual accounts 2017110,7 k €↑
2016
Annual accounts 201661,8 k €↑
2015
Annual accounts 2015-10,5 k €↓
2014
Annual accounts 201437,5 k €↑
2013
Annual accounts 20134,2 k €↑
2012
Annual accounts 2012-1,5 k €↓
2011
Annual accounts 2011190,4 k €↑
2010
Annual accounts 201061,9 k €↓
2009
Annual accounts 200978,5 k €↑
2008
Annual accounts 2008-9,7 k €↑
2007
Annual accounts 2007-22,6 k €↓
2006
Annual accounts 20065,1 k €
01/01/1976
IncorporationPrivate limited company

MGC Subcontracting

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events