ACTIVE

M&G Group Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result61,8 k €-13,4 %over 1 year

Gross margin1,1 M €-8,3 %over 1 year

Equity827,3 k €0,0 %over 1 year

Workforce9,3 ETP-5,1 %over 1 year

Identity

Source · BCE/KBO

M&G Group Belgium is a Public limited company incorporated in 1976. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Hoegaarden. It employs on average 9,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.147.321
Incorporation: 25/08/1976
Legal form: Public limited company
Registered office: Bleyveldstraat 11
3320 Hoegaarden · FlandreSee on map
Contributed capital: 121 388,50 €
Latest accounts: 31/12/2025
Average workforce: 9,3 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 46741Wholesale of hardware, plumbing and heating equipment and supplies 46841Wholesale trade, except of motor vehicles and motorcycles

Joint committees (4)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,1 M €	-8.3%	1,2 M €	+5.2%	1,1 M €	+12.9%	972,9 k €	+20.9%	804,7 k €
EBITDA	192,7 k €	-13.6%	223 k €	+9.3%	204 k €	-7.9%	221,5 k €	-3.9%	230,5 k €
Operating result	161,5 k €	-5.2%	170,3 k €	-5.8%	180,8 k €	-5.7%	191,8 k €	-11.6%	216,9 k €
Net result	61,8 k €	-13.4%	71,4 k €	-5.6%	75,7 k €	-19.7%	94,2 k €	-21.4%	119,9 k €
Balance sheet
Equity	827,3 k €	0.0%	827,3 k €	0.0%	827,3 k €	0.0%	827,3 k €	0.0%	827,3 k €
Total assets	1,3 M €	-8.4%	1,4 M €	+4.2%	1,3 M €	-3.6%	1,4 M €	+3.2%	1,3 M €
Cash	207,2 k €	-15.0%	243,8 k €	+15.1%	211,9 k €	+2.9%	205,8 k €	-12.5%	235,2 k €
Debts	423 k €	-21.3%	537,2 k €	+11.3%	482,8 k €	-9.1%	531,4 k €	+8.5%	489,8 k €
Other
Workforce	9,3 ETP	-5.1%	9,8 ETP	+7.7%	9,1 ETP	+12.3%	8,1 ETP	+20.9%	6,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 27 ended

Active mandates

Luc BAL

Director · since 06 mai 2023 · until 05 mai 2029

Active

M&G HOLDING NV

Managing director · since 06 mai 2023 · until 05 mai 2029

Represented by Remco VAN LEEUWEN

Active

Ended mandates

M&G HOLDING BV

Managing director · since 01 décembre 2018 · until 06 mai 2023

Represented by Willem Gijsbert SCHRAA

Ended

M&G HOLDING NV

Managing director · since 01 décembre 2018 · until 06 mai 2023 · 8202438701

Represented by Eric PANS

Ended

M&G HOLDING NV

Managing director · since 01 décembre 2018 · until 06 mai 2023

Represented by Eric PANS

Ended

Luc BAL

Director · since 01 juin 2018 · until 06 mai 2023

Ended

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	11/08/2026	16/07/2025	23/08/2024	21/08/2023	30/05/2022	02/06/2021
General meeting	02/05/2026	03/05/2025	04/05/2024	06/05/2023	07/05/2022	03/05/2021
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	02/05/2026	11/08/2026	Dutch	PDF
Abridged model	31/12/2024	03/05/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	04/05/2024	23/08/2024	Dutch	PDF
Abridged model	31/12/2022	06/05/2023	21/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/05/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	05/05/2018	01/06/2018	Dutch	PDF
Full model	31/12/2016	06/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	07/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	02/05/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	03/05/2014	14/08/2014	Dutch	PDF
Full model	31/12/2012	04/05/2013	28/05/2013	Dutch	PDF
Full model	31/12/2011	05/05/2012	11/06/2012	Dutch	PDF
Full model	31/12/2010	07/05/2011	26/08/2011	Dutch	PDF
Full model	31/12/2009	03/05/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	02/05/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	03/05/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	05/05/2007	31/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

2 active · 27 ended

Active mandates

Luc BAL

Director · since 06 mai 2023 · until 05 mai 2029

Active

M&G HOLDING NV

Managing director · since 06 mai 2023 · until 05 mai 2029

Represented by Remco VAN LEEUWEN

Active

Ended mandates

M&G HOLDING BV

Managing director · since 01 décembre 2018 · until 06 mai 2023

Represented by Willem Gijsbert SCHRAA

Ended

M&G HOLDING NV

Managing director · since 01 décembre 2018 · until 06 mai 2023 · 8202438701

Represented by Eric PANS

Ended

M&G HOLDING NV

Managing director · since 01 décembre 2018 · until 06 mai 2023

Represented by Eric PANS

Ended

Luc BAL

Director · since 01 juin 2018 · until 06 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other13/10/2020
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2020
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2025
Annual accounts 202561,8 k €↓
2024
Annual accounts 202471,4 k €↓
2023
Annual accounts 202375,7 k €↓
2022
Annual accounts 202294,2 k €↓
2021
Annual accounts 2021119,9 k €↑
2020
Annual accounts 202090,5 k €↓
2020
Name changeM&G GROUP BELGIUM
2019
Annual accounts 2019111,3 k €↓
2018
Annual accounts 2018112,8 k €↑
2017
Annual accounts 201736,4 k €↓
2016
Annual accounts 2016159,3 k €↓
2015
Annual accounts 2015160,3 k €↓
2014
Annual accounts 2014188,4 k €↓
2013
Annual accounts 2013315 k €↓
2012
Annual accounts 2012343,6 k €↓
2011
Annual accounts 2011353 k €↓
2010
Annual accounts 2010431,3 k €↑
2009
Annual accounts 2009378,3 k €↑
2008
Annual accounts 2008286,2 k €↑
2007
Annual accounts 2007197,2 k €↑
2006
Annual accounts 2006152,2 k €
2006
Name changeIsoleco
25/08/1976
IncorporationPublic limited company

M&G Group Belgium

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