OPENING OF BANKRUPTCY

M.G. FINANCES

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Company — Opening of bankruptcy.

Financial year 2023 · Closed on 31/01/2023

Net result-31,3 k €-105,6 %over 1 year

Revenue16 M €+10,2 %over 1 year

Equity24,7 M €-0,1 %over 1 year

Workforce50,3 ETP+2,7 %over 1 year

Identity

Source · BCE/KBO

M.G. FINANCES is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Braine-le-Château. It employs on average 50,3 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0472.140.768
Incorporation: 19/06/2000
Legal form: Public limited company
Registered office: Parc Industriel(W-B) 9
1440 Braine-le-Château · WallonieSee on map
Contributed capital: 40 000 000,00 €
Latest accounts: 31/01/2023
Average workforce: 50,3 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68100Buying and selling of own real estate 68110Buying and selling of own real estate 70120Activities of head offices+3

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 19 filings

Trend over 16 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	16 M €	+10.2%	14,6 M €	+11.0%	13,1 M €	-2.2%	13,4 M €	+13.5%	11,8 M €
EBITDA	2,5 M €	+12.9%	2,2 M €	+6.5%	2 M €	-30.6%	2,9 M €	+26.8%	2,3 M €
Operating result	1,3 M €	+18.3%	1,1 M €	+30.5%	861,3 k €	-53.8%	1,9 M €	+29.2%	1,4 M €
Net result	-31,3 k €	-106%	556,3 k €	+582%	81,6 k €	+101%	-15,6 M €	-1052%	-1,4 M €
Balance sheet
Equity	24,7 M €	-0.1%	24,7 M €	+2.3%	24,1 M €	+0.3%	24,1 M €	+58635%	41 k €
Total assets	65,7 M €	+0.2%	65,6 M €	+15.1%	57 M €	+6.7%	53,4 M €	-14.5%	62,5 M €
Cash	93,7 k €	-44.8%	169,8 k €	-22.6%	219,4 k €	+175%	79,8 k €	+3905%	2 k €
Debts	40,6 M €	-0.3%	40,7 M €	+24.7%	32,6 M €	+11.5%	29,3 M €	-52.6%	61,8 M €
Other
Workforce	50,3 ETP	+2.7%	49,0 ETP	+3.8%	47,2 ETP	+3.5%	45,6 ETP	-3.0%	47,0 ETP

Board of directors

Source · NBB, accounts to 31/01/2023

4 active · 38 ended

Active mandates

Eykenveld

Managing director · since 18 mars 2023 · until 30 juin 2027 · 0707.891.350

Represented by Geoffrey BAUDTS

Active

MISOHAMA

Managing director · since 30 septembre 2022 · until 30 juin 2027 · 0895.378.591

Represented by Jacques HAYEZ

Active

MITISKA

Director · since 20 décembre 2019 · until 30 juin 2025 · 0465.509.730

Represented by BERNARD RAEVENS ONALIM SPRL représentée par Mr

Active

Luc GEUTEN

Director · since 20 février 2019 · until 30 juin 2025

Active

Ended mandates

VICTORIA FINANCE

Managing director · since 28 juillet 2021 · until 30 juin 2027 · 0848.837.496

Represented by VINCENT ROUSSEAU

Ended

MISOHAMA

Managing director · since 02 mai 2016 · until 02 mai 2022 · 0895.378.591

Represented by Jacques HAYEZ

Ended

MISOHAMA

Managing director · since 02 mai 2016 · until 30 juin 2022 · 0895.378.591

Represented by Jacques HAYEZ

Ended

MITISKA

Director · since 01 septembre 2015 · until 30 avril 2019 · 0465.509.730

Represented by BERNARD RAEVENS ONALIM SPRL représentée par Mr

Ended

Other companies at this address

Parc Industriel(W-B) 9 1440 Braine-le-Château

Company	CBE no.
CASSIS● Bankrupt	0676.848.776
CPBE● Bankrupt	1015.300.384
CPHQ● Bankrupt	1015.301.176
CP RETAIL● Bankrupt	0446.720.929
PAPRIKA● Bankrupt	0434.587.219

Full financial information

Source · NBB

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/02/2022	01/02/2021	01/02/2020	01/02/2019	01/02/2018	01/02/2017
Closing of the financial year	31/01/2023	31/01/2022	31/01/2021	31/01/2020	31/01/2019	31/01/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2023	17/10/2022	31/08/2021	01/09/2021	09/01/2020	04/12/2018
General meeting	31/08/2023	30/09/2022	28/07/2021	17/06/2021	20/12/2019	26/10/2018
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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/01/2023	31/08/2023	31/08/2023	French	PDF
Full model	31/01/2022	30/09/2022	17/10/2022	French	PDF
Full model	31/01/2021	28/07/2021	31/08/2021	French	PDF
Full model	31/01/2020	17/06/2021	01/09/2021	French	PDF
Full model	31/01/2019	20/12/2019	09/01/2020	French	PDF
Full model	31/01/2018	26/10/2018	04/12/2018	French	PDF
Full model	31/01/2017	18/05/2017	03/07/2017	French	PDF
Full model	31/01/2016	02/05/2016	26/07/2016	French	PDF
Full model	31/01/2015	30/04/2015	18/09/2015	French	PDF
Full model	31/01/2014	30/04/2014	28/08/2014	French	PDF
Full model	31/01/2013	30/04/2013	09/07/2013	French	PDF
Full model	31/01/2012	30/07/2012	28/08/2012	French	PDF
Full model	31/01/2011	02/05/2011	31/05/2011	French	PDF
Full model	31/01/2010	21/05/2010	30/06/2010	French	PDF
Full model	31/01/2009	30/04/2009	29/05/2009	French	PDF
Full model	31/01/2008	20/05/2008	19/06/2008	French	PDF
Consolidated accounts	31/01/2008	16/07/2008	18/07/2008	French	PDF
Full model	31/01/2007	16/07/2007	16/08/2007	French	PDF
Consolidated accounts	31/01/2007	16/07/2007	21/08/2007	French	PDF

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.

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 31/01/2023

4 active · 38 ended

Active mandates

Eykenveld

Managing director · since 18 mars 2023 · until 30 juin 2027 · 0707.891.350

Represented by Geoffrey BAUDTS

Active

MISOHAMA

Managing director · since 30 septembre 2022 · until 30 juin 2027 · 0895.378.591

Represented by Jacques HAYEZ

Active

MITISKA

Director · since 20 décembre 2019 · until 30 juin 2025 · 0465.509.730

Represented by BERNARD RAEVENS ONALIM SPRL représentée par Mr

Active

Luc GEUTEN

Director · since 20 février 2019 · until 30 juin 2025

Active

Ended mandates

VICTORIA FINANCE

Managing director · since 28 juillet 2021 · until 30 juin 2027 · 0848.837.496

Represented by VINCENT ROUSSEAU

Ended

MISOHAMA

Managing director · since 02 mai 2016 · until 02 mai 2022 · 0895.378.591

Represented by Jacques HAYEZ

Ended

MISOHAMA

Managing director · since 02 mai 2016 · until 30 juin 2022 · 0895.378.591

Represented by Jacques HAYEZ

Ended

MITISKA

Director · since 01 septembre 2015 · until 30 avril 2019 · 0465.509.730

Represented by BERNARD RAEVENS ONALIM SPRL représentée par Mr

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other28/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates06/12/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/08/2023
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/04/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

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

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Timeline

31/08/2023
nominationEY Réviseurs d'Entreprises SRL — réviseur
25/07/2023
reduction_capital
25/07/2023
augmentation_capital
18/03/2023
nominationEykenveld SRL — administrateur
2023
Annual accounts 2023-31,3 k €↓
09/01/2023
nominationProspheres SAS — administrateur
30/09/2022
reconductionMisohama SA — administrateur et administrateur délégué
2022
Annual accounts 2022556,3 k €↑
2021
Annual accounts 202181,6 k €↑
2020
Annual accounts 2020-15,6 M €↓
2019
Annual accounts 2019-1,4 M €↓
2017
Annual accounts 2017-60,6 k €↓
2016
Annual accounts 2016180,8 k €↓
2015
Annual accounts 2015319 k €↓
2014
Annual accounts 2014326,9 k €↓
2013
Annual accounts 2013507,4 k €↓
2012
Annual accounts 20122,7 M €↓
2011
Annual accounts 20113,2 M €↓
2010
Annual accounts 20104,4 M €↑
2009
Annual accounts 2009778,6 k €↓
2008
Annual accounts 200840 M €↑
2007
Annual accounts 20073 M €
19/06/2000
IncorporationPublic limited company

M.G. FINANCES

Overview

Identity

Financials

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

Timeline