ACTIVE

M.G.S.

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Financial year 2025 · closed on 30/09/2025

Net result

454,4 k €

+218.4% YoY

Gross margin

2,1 M €

+80.3% YoY

Equity

16,4 M €

+2.8% YoY

What does M.G.S. do?

M.G.S. is a Public limited company incorporated in 1990. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Marche-en-Famenne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.567.259

Incorporation

26/07/1990

Legal form

Public limited company

Registered office

Marche, Rue du Parc Industriel 8A
6900 Marche-en-Famenne · WallonieSee on map

Contributed capital

243 622,59 €

Latest accounts

30/09/2025

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70200Management consultancy activities+1

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,1 M €	+80.3%	1,1 M €	-35.4%	1,8 M €	-27.1%	2,4 M €	-16.6%	2,9 M €	-10.8%	3,3 M €	+20.4%	2,7 M €	+16.0%	2,3 M €	+9.7%	2,1 M €	+4.3%	2 M €	-2.4%	2,1 M €	+3.1%	2 M €	-15.3%	2,4 M €	+6.4%	2,2 M €	-5.0%	2,4 M €	+1.3%	2,3 M €	+14.3%	2 M €	+10.4%	1,9 M €	+5.3%	1,8 M €	-0.5%	1,8 M €
EBITDA	1,7 M €	+119%	771,6 k €	-45.6%	1,4 M €	-32.4%	2,1 M €	-18.0%	2,6 M €	-13.4%	3 M €	+23.6%	2,4 M €	+14.9%	2,1 M €	+9.5%	1,9 M €	+6.4%	1,8 M €	-2.4%	1,8 M €	+0.7%	1,8 M €	-16.6%	2,2 M €	+6.6%	2 M €	-6.6%	2,2 M €	+0.5%	2,2 M €	+14.1%	1,9 M €	+10.7%	1,7 M €	+4.9%	1,6 M €	-1.5%	1,7 M €
Operating result	586,9 k €	+259%	-368,8 k €	-219%	311,2 k €	-67.2%	949,2 k €	-33.0%	1,4 M €	-20.1%	1,8 M €	+44.2%	1,2 M €	+25.9%	975,9 k €	+4.9%	930,4 k €	+7.4%	865,9 k €	+8.9%	795,3 k €	-14.7%	932,7 k €	-29.6%	1,3 M €	+8.5%	1,2 M €	-11.6%	1,4 M €	-0.0%	1,4 M €	+39.0%	993,9 k €	-9.6%	1,1 M €	-2.7%	1,1 M €	-6.8%	1,2 M €
Net result	454,4 k €	+218%	-383,8 k €	-237%	280,7 k €	-49.6%	557,1 k €	-44.6%	1 M €	-18.6%	1,2 M €	+52.3%	811,4 k €	+34.9%	601,5 k €	-1.6%	611,1 k €	+13.0%	540,7 k €	+10.6%	488,8 k €	+14.9%	425,3 k €	-52.8%	901,8 k €	+74.5%	516,8 k €	-6.9%	555,3 k €	-36.1%	869,1 k €	+94.7%	446,4 k €	+6.7%	418,3 k €	-21.6%	533,7 k €	-6.8%	572,7 k €
Balance sheet
Equity	16,4 M €	+2.8%	16 M €	-2.3%	16,4 M €	+1.7%	16,1 M €	+3.6%	15,5 M €	+4.2%	14,9 M €	+9.0%	13,7 M €	+6.3%	12,8 M €	+4.6%	12,3 M €	+5.2%	11,7 M €	+4.9%	11,1 M €	+4.6%	10,6 M €	+4.2%	10,2 M €	+8.5%	9,4 M €	+5.8%	8,9 M €	+9.7%	8,1 M €	+24.0%	6,5 M €	+5.6%	6,2 M €	+6.9%	5,8 M €	+7.9%	5,4 M €
Total assets	18,4 M €	-5.7%	19,5 M €	-1.0%	19,7 M €	-4.2%	20,6 M €	-9.2%	22,7 M €	+4.1%	21,8 M €	-1.9%	22,2 M €	-2.2%	22,7 M €	+9.9%	20,7 M €	+0.1%	20,6 M €	-4.5%	21,6 M €	+0.7%	21,5 M €	+11.7%	19,2 M €	+11.8%	17,2 M €	+0.1%	17,2 M €	+0.2%	17,1 M €	+3.5%	16,6 M €	+7.4%	15,4 M €	+19.3%	12,9 M €	-0.1%	12,9 M €
Cash	16,3 k €	-89.2%	150,5 k €	+2144%	6,7 k €	-79.0%	31,9 k €	-91.7%	386 k €	+632%	52,7 k €	+2382%	2,1 k €	-95.2%	44,3 k €	-21.4%	56,4 k €	+2.7%	54,9 k €	+9.0%	50,3 k €	+7.7%	46,7 k €	-51.7%	96,7 k €	+136%	41 k €	+1.0%	40,6 k €	-10.2%	45,2 k €	-82.1%	252,5 k €	+665%	33 k €	-83.3%	197,9 k €	-0.2%	198,2 k €
Debts	2 M €	-43.6%	3,5 M €	+6.6%	3,3 M €	-25.3%	4,5 M €	-36.5%	7 M €	+2.9%	6,8 M €	-19.6%	8,5 M €	-13.4%	9,8 M €	+18.0%	8,3 M €	-6.5%	8,9 M €	-14.5%	10,4 M €	-2.7%	10,7 M €	+20.2%	8,9 M €	+16.2%	7,6 M €	-5.9%	8,1 M €	-8.4%	8,9 M €	-10.0%	9,9 M €	+8.1%	9,1 M €	+30.1%	7 M €	-5.8%	7,4 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 13 ended

Active mandates

DELVINVEST

Managing director · since 30 août 2023 · until 30 août 2029 · 0865.305.722

Represented by Olivier DELVAUX

Active

Emmanuelle BRIMIOULLE

Managing director · since 30 août 2023 · until 30 août 2029

Active

Ended mandates

DELVINVEST

Director · since 30 août 2023 · until 30 août 2029 · 0865.305.722

Represented by Olivier DELVAUX

Ended

Emmanuelle BRIMIOULLE

Director · since 30 août 2023 · until 30 août 2029

Ended

DELVINVEST

Managing director · since 01 mars 2022 · until 07 mars 2028 · 0865.305.722

Represented by Olivier Delvaux

Ended

Emmanuelle Brimioulle

Managing director · since 01 mars 2022 · until 07 mars 2028

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRALE DEMA● Active	0474.454.813

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	11/04/2025	30/08/2024	05/04/2023	15/03/2022	02/03/2021
General meeting	03/03/2026	28/03/2025	25/03/2024	07/03/2023	01/03/2022	02/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	03/03/2026	30/04/2026	French	PDF
Abridged model	30/09/2024	28/03/2025	11/04/2025	French	PDF
Abridged model	30/09/2023	25/03/2024	30/08/2024	French	PDF
Abridged model	30/09/2022	07/03/2023	05/04/2023	French	PDF
Micro model	30/09/2021	01/03/2022	15/03/2022	French	PDF
Micro model	30/09/2020	02/03/2021	02/03/2021	French	PDF
Abridged model	30/09/2019	03/03/2020	30/04/2020	French	PDF
Abridged model	30/09/2018	05/03/2019	17/04/2019	French	PDF
Abridged model	30/09/2017	06/03/2018	19/04/2018	French	PDF
Abridged model	30/09/2016	07/03/2017	13/04/2017	French	PDF
Abridged model	30/09/2015	08/03/2016	07/04/2016	French	PDF
Abridged model	30/09/2014	03/03/2015	23/04/2015	French	PDF
Abridged model	30/09/2013	04/03/2014	23/04/2014	French	PDF
Abridged model	30/09/2012	05/03/2013	06/05/2013	French	PDF
Abridged model	30/09/2011	06/03/2012	23/03/2012	French	PDF
Abridged model	30/09/2010	01/03/2011	29/04/2011	French	PDF
Abridged model	30/09/2009	02/03/2010	29/04/2010	French	PDF
Abridged model	30/09/2008	03/03/2009	09/04/2009	French	PDF
Abridged model	30/09/2007	04/03/2008	26/03/2008	French	PDF
Abridged model	30/09/2006	06/03/2007	08/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 13 ended

Active mandates

DELVINVEST

Managing director · since 30 août 2023 · until 30 août 2029 · 0865.305.722

Represented by Olivier DELVAUX

Active

Emmanuelle BRIMIOULLE

Managing director · since 30 août 2023 · until 30 août 2029

Active

Ended mandates

DELVINVEST

Director · since 30 août 2023 · until 30 août 2029 · 0865.305.722

Represented by Olivier DELVAUX

Ended

Emmanuelle BRIMIOULLE

Director · since 30 août 2023 · until 30 août 2029

Ended

DELVINVEST

Managing director · since 01 mars 2022 · until 07 mars 2028 · 0865.305.722

Represented by Olivier Delvaux

Ended

Emmanuelle Brimioulle

Managing director · since 01 mars 2022 · until 07 mars 2028

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring06/06/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/10/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates21/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office30/03/2015
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025454,4 k €↑
2024
Annual accounts 2024-383,8 k €↓
2023
Annual accounts 2023280,7 k €↓
2022
Annual accounts 2022557,1 k €↓
2021
Annual accounts 20211 M €↓
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 2019811,4 k €↑
2018
Annual accounts 2018601,5 k €↓
2017
Annual accounts 2017611,1 k €↑
2016
Annual accounts 2016540,7 k €↑
2015
Annual accounts 2015488,8 k €↑
2014
Annual accounts 2014425,3 k €↓
2013
Annual accounts 2013901,8 k €↑
2012
Annual accounts 2012516,8 k €↓
2011
Annual accounts 2011555,3 k €↓
2010
Annual accounts 2010869,1 k €↑
2009
Annual accounts 2009446,4 k €↑
2008
Annual accounts 2008418,3 k €↓
2007
Annual accounts 2007533,7 k €↓
2006
Annual accounts 2006572,7 k €
26/07/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

M.G.S.

Overview

What does M.G.S. do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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