M@G
0417.442.567 · rovalta.com · 23/09/2026
ACTIVE
M@G
Financial year 2025 · closed on 31/12/2025
Net result
-243,8 k €
-9.0% YoY
Gross margin
387,9 k €
-55.0% YoY
Equity
-613,8 k €
-137.6% YoY
Workforce
8,6 ETP
-23.9% YoY
Overview
What does M@G do?
M@G is a Private limited company incorporated in 1977. Its main activity is: Development of building projects. Its registered office is in Genk. It employs on average 8,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0417.442.567
Incorporation
04/05/1977
Legal form
Private limited company
Registered office
Jaarbeurslaan 6
3600 Genk · FlandreSee on map
3600 Genk · FlandreSee on map
Contributed capital
140 059,84 €
Latest accounts
31/12/2025
Average workforce
8,6 ETP
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
Healthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 387,9 k € | -55.0% | 861,7 k € | +42.9% | 602,9 k € | -30.4% | 865,6 k € | +77.9% | 486,6 k € | +630% | 66,7 k € | -88.6% | 587,2 k € | +58.5% | 370,5 k € | +36.6% | 271,3 k € | -7.3% | 292,5 k € | +3.6% | 282,3 k € | -35.6% | 438,4 k € | -14.1% | 510,5 k € | +15.5% | 442 k € | +2.0% | 433,3 k € | -9.4% | 478,5 k € | +39.7% | 342,4 k € | -6.0% | 364,1 k € | +4.7% | 347,8 k € |
| EBITDA | -351,4 k € | -277% | 198,9 k € | +924% | -24,1 k € | -109% | 277 k € | +156% | 108,2 k € | +137% | -292,4 k € | -506% | 71,9 k € | +795% | 8 k € | +185% | -9,4 k € | -137% | 25,6 k € | +67.9% | 15,3 k € | -66.1% | 45 k € | -38.7% | 73,4 k € | +30.3% | 56,3 k € | +29.8% | 43,4 k € | -51.6% | 89,6 k € | +782% | 10,2 k € | -78.8% | 48 k € | +10.8% | 43,3 k € |
| Operating result | -549,3 k € | -125% | -244,3 k € | +45.4% | -447,6 k € | -247% | -129,1 k € | +37.7% | -207,2 k € | +70.5% | -702,5 k € | -74.8% | -401,8 k € | +21.8% | -513,6 k € | -217% | -162 k € | -26.5% | -128,1 k € | -42.0% | -90,2 k € | -71.6% | -52,6 k € | +28.0% | -73 k € | -11.3% | -65,6 k € | -85.0% | -35,5 k € | -183% | 42,8 k € | +216% | -36,9 k € | -853% | -3,9 k € | +28.6% | -5,4 k € |
| Net result | -243,8 k € | -9.0% | -223,7 k € | +22.9% | -290,2 k € | -406% | 94,9 k € | -18.6% | 116,6 k € | +136% | -325,2 k € | -1497% | 23,3 k € | – | -21,7 k € | -599% | 4,3 k € | +24.4% | 3,5 k € | -69.1% | 11,3 k € | +430% | 2,1 k € | +237% | 632,8 € | -97.0% | 21,2 k € | -37.5% | 33,8 k € | +253% | -22,1 k € | -464% | 6,1 k € | +34.8% | 4,5 k € | ||
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | -613,8 k € | -138% | -258,3 k € | -4079% | 6,5 k € | -98.5% | 446,9 k € | -7.1% | 481,1 k € | -16.3% | 574,6 k € | -51.1% | 1,2 M € | -15.8% | 1,4 M € | +90.7% | 732,5 k € | -13.8% | 849,7 k € | +39.1% | 610,8 k € | -7.4% | 659,3 k € | +7.2% | 614,9 k € | +16.4% | 528,2 k € | +13.1% | 466,9 k € | +171% | 172,1 k € | +19.7% | 143,8 k € | -16.4% | 171,9 k € | -0.4% | 172,7 k € |
| Total assets | 1,2 M € | -17.1% | 1,4 M € | -15.0% | 1,7 M € | -13.9% | 1,9 M € | +29.6% | 1,5 M € | -6.4% | 1,6 M € | -30.4% | 2,3 M € | -38.2% | 3,7 M € | +163% | 1,4 M € | -10.7% | 1,6 M € | +27.9% | 1,2 M € | -4.7% | 1,3 M € | +4.5% | 1,2 M € | +13.5% | 1,1 M € | -0.5% | 1,1 M € | +75.5% | 622,1 k € | +26.6% | 491,3 k € | -0.7% | 494,6 k € | -11.4% | 558,5 k € |
| Cash | 315,7 k € | +187% | 110,2 k € | +107% | 53,1 k € | -69.0% | 171,4 k € | +1264% | 12,6 k € | -32.8% | 18,7 k € | -49.3% | 36,9 k € | -14.6% | 43,2 k € | -65.7% | 125,9 k € | -27.0% | 172,5 k € | -16.2% | 205,9 k € | +2.3% | 201,3 k € | -14.7% | 236 k € | +37.8% | 171,3 k € | -35.6% | 265,9 k € | +89.9% | 140 k € | +42.6% | 98,2 k € | -12.4% | 112,2 k € | -54.2% | 244,9 k € |
| Debts | 1,7 M € | +12.4% | 1,5 M € | -0.4% | 1,5 M € | +15.4% | 1,3 M € | +63.0% | 821,1 k € | +7.8% | 761,8 k € | +1.7% | 749 k € | -52.7% | 1,6 M € | +390% | 322,9 k € | -6.5% | 345,4 k € | +4.7% | 329,8 k € | +5.9% | 311,5 k € | -8.3% | 339,6 k € | +2.7% | 330,8 k € | -23.3% | 431,3 k € | +11.8% | 385,8 k € | +43.8% | 268,3 k € | -5.5% | 284 k € | -14.1% | 330,6 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 8,6 ETP | -23.9% | 11,3 ETP | +4.6% | 10,8 ETP | 0.0% | 10,8 ETP | -2.7% | 11,1 ETP | -4.3% | 11,6 ETP | +13.7% | 10,2 ETP | +56.9% | 6,5 ETP | +27.5% | 5,1 ETP | -7.3% | 5,5 ETP | +12.2% | 4,9 ETP | -9.3% | 5,4 ETP | -8.5% | 5,9 ETP | +5.4% | 5,6 ETP | -3.4% | 5,8 ETP | 0.0% | 5,8 ETP | +1.8% | 5,7 ETP | -3.4% | 5,9 ETP | +11.3% | 5,3 ETP |
Governance
Board of directors
Seen on filing of 31/12/2025 · 7 active · 45 ended
Active mandates
Erik Gerits
ActiveKathleen Parthoens
ActiveTom Vanaudenaerde
ActiveLuca Bruno
ActiveAnniek Nagels
ActiveAnnita Laporte
ActiveToon Vandeurzen
ActiveEnded mandates
Luca Bruno
EndedAndré Remans
EndedAnniek Nagels
EndedAnnita Laporte
EndedFinancials
Annual accounts
Full financial information
| 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 | 15/07/2026 | 23/07/2025 | 08/10/2024 | 26/05/2023 | 08/07/2022 | 21/05/2021 |
| General meeting | 23/06/2026 | 30/06/2025 | 20/06/2024 | 27/04/2023 | 26/04/2022 | 29/04/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 23/06/2026 | 15/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 23/07/2025 | Dutch | |
| Abridged modelCorrection | 31/12/2023 | 20/06/2024 | 08/10/2024 | Dutch | |
| Abridged model | 31/12/2023 | 13/06/2024 | 12/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 27/04/2023 | 26/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 26/04/2022 | 08/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 29/04/2021 | 21/05/2021 | Dutch | |
| Abridged model | 31/12/2019 | 25/06/2020 | 26/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 29/04/2019 | 22/05/2019 | Dutch | |
| Abridged model | 31/12/2017 | 26/04/2018 | 25/05/2018 | Dutch | |
| Abridged model | 31/12/2016 | 28/04/2017 | 24/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 28/04/2016 | 25/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 28/04/2015 | 13/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 29/04/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/04/2013 | 30/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 24/04/2012 | 29/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 29/04/2011 | 30/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 27/04/2010 | 30/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 20/04/2009 | 25/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 18/04/2008 | 28/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 15/04/2007 | 31/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 7 active · 45 ended
Active mandates
Erik Gerits
ActiveKathleen Parthoens
ActiveTom Vanaudenaerde
ActiveLuca Bruno
ActiveAnniek Nagels
ActiveAnnita Laporte
ActiveToon Vandeurzen
ActiveEnded mandates
Luca Bruno
EndedAndré Remans
EndedAnniek Nagels
EndedAnnita Laporte
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Capital / shares02/07/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Mandates27/11/2025ONTSLAGEN - BENOEMINGEN
- Mandates03/12/2024ONTSLAGEN - BENOEMINGEN
- Mandates05/11/2024ONTSLAGEN - BENOEMINGEN
- Other05/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ALGEMENE VERGADERING
- Mandates02/03/2020ONTSLAGEN - BENOEMINGEN
- Other26/04/2019BENAMING
- Restructuring22/08/2018RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-243,8 k €↓
- 2024Annual accounts 2024-223,7 k €↑
- 2023Annual accounts 2023-290,2 k €↓
- 2022Annual accounts 202294,9 k €↓
- 2021Annual accounts 2021116,6 k €↑
- 2020Annual accounts 2020-325,2 k €↓
- 2019Annual accounts 201923,3 k €↑
- 2019Name changeM@G
- 2017Annual accounts 2017
- 2016Annual accounts 2016-21,7 k €↓
- 2015Annual accounts 20154,3 k €↑
- 2014Annual accounts 20143,5 k €↓
- 2013Annual accounts 201311,3 k €↑
- 2012Annual accounts 20122,1 k €↑
- 2011Annual accounts 2011632,8 €↓
- 2010Annual accounts 201021,2 k €↓
- 2009Annual accounts 200933,8 k €↑
- 2008Annual accounts 2008-22,1 k €↓
- 2007Annual accounts 20076,1 k €↑
- 2006Annual accounts 20064,5 k €
- 2006Name changeLIMBURGHAL
- 04/05/1977IncorporationPrivate limited company