ACTIVE

MGB-TECH

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Financial year 2025 · closed on 31/12/2025

Net result

618,5 k €

-9.8% YoY

Gross margin

1,8 M €

-4.1% YoY

Equity

1,7 M €

+4.5% YoY

Workforce

11,4 ETP

-1.7% YoY

What does MGB-TECH do?

MGB-TECH is a Private company with limited liability incorporated in 2001. Its main activity is: Manufacture of electronic components. Its registered office is in Dendermonde. It employs on average 11,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.953.165

Incorporation

25/10/2001

Legal form

Private company with limited liability

Registered office

Sint-Ursmarusstraat (BAA) 180
9200 Dendermonde · FlandreSee on map

Contributed capital

24 800,00 €

Latest accounts

31/12/2025

Average workforce

11,4 ETP

Activities (NACE)

26110Manufacture of electronic components· main 26110Manufacture of electronic components 26510Manufacture of instruments and appliances for measuring, testing and navigation 26510Manufacture of instruments and appliances for measuring, testing and navigation 32100Manufacture of jewellery, bijouterie and related articles 33201Installation of industrial machinery and equipment

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	-4.1%	1,8 M €	+11.5%	1,6 M €	-11.4%	1,9 M €	+3.1%	1,8 M €	+188%	625,7 k €	+43.7%	435,5 k €	-3.7%	452,4 k €	-11.9%	513,3 k €	-14.0%	596,7 k €	+11.1%	536,9 k €	-30.6%	773,9 k €	+36.6%	566,6 k €	+17.4%	482,8 k €	+25.8%	383,9 k €	-39.1%	630,7 k €	+34.4%	469,4 k €	+88.2%	249,4 k €
EBITDA	851,7 k €	-7.4%	919,3 k €	-0.2%	921,1 k €	-29.3%	1,3 M €	+2.1%	1,3 M €	+366%	273,6 k €	+481%	47,1 k €	-47.4%	89,6 k €	-56.0%	203,8 k €	-44.2%	365,2 k €	+42.3%	256,6 k €	-53.1%	547,2 k €	+51.3%	361,8 k €	+27.4%	283,9 k €	+72.4%	164,6 k €	-62.0%	433,1 k €	+20.8%	358,5 k €	+82.4%	196,6 k €
Operating result	747,9 k €	-14.8%	877,6 k €	+5.9%	828,5 k €	-32.3%	1,2 M €	-0.9%	1,2 M €	+387%	253,6 k €	+783%	28,7 k €	-43.6%	51 k €	-66.7%	153 k €	-50.9%	311,7 k €	+51.5%	205,8 k €	-58.3%	492,9 k €	+55.2%	317,6 k €	+35.4%	234,5 k €	+120%	106,4 k €	-69.6%	350,2 k €	+33.0%	263,3 k €	+137%	111,2 k €
Net result	618,5 k €	-9.8%	686 k €	-4.9%	721,1 k €	-34.5%	1,1 M €	+0.7%	1,1 M €	+513%	178,4 k €	+1530%	10,9 k €	-73.9%	41,9 k €	-70.6%	142,5 k €	-52.1%	297,7 k €	+48.3%	200,7 k €	-57.1%	467,6 k €	+47.3%	317,5 k €	+46.6%	216,6 k €	+167%	81,3 k €	-68.5%	258,3 k €	+27.4%	202,7 k €	+154%	79,9 k €
Balance sheet
Equity	1,7 M €	+4.5%	1,6 M €	+15.1%	1,4 M €	+9.5%	1,3 M €	+16.1%	1,1 M €	+128%	478,1 k €	+33.3%	358,6 k €	+3.1%	347,7 k €	+1.7%	341,8 k €	+3.8%	329,3 k €	+4.0%	316,6 k €	+2.8%	308 k €	+11.8%	275,4 k €	-51.9%	573 k €	+3.0%	556,4 k €	+12.4%	495,1 k €	+60.3%	308,8 k €	+73.4%	178,1 k €
Total assets	3 M €	-3.2%	3,1 M €	+37.9%	2,3 M €	-5.5%	2,4 M €	+11.4%	2,1 M €	+134%	916,2 k €	+18.1%	775,8 k €	+8.9%	712,2 k €	+14.7%	620,9 k €	-22.1%	796,9 k €	+1.8%	782,5 k €	-16.0%	931,4 k €	+20.1%	775,8 k €	-9.6%	858 k €	+28.6%	667,2 k €	-21.0%	844,8 k €	+56.7%	539,1 k €	+38.5%	389,2 k €
Cash	584,4 k €	-32.3%	863,6 k €	+58.1%	546,3 k €	-38.0%	881,4 k €	+48.9%	591,9 k €	+690%	74,9 k €	+25.5%	59,7 k €	+1.4%	58,9 k €	-57.5%	138,4 k €	-52.6%	292,2 k €	+126%	129,5 k €	-69.7%	427,1 k €	+131%	184,7 k €	-51.6%	381,4 k €	+169%	141,6 k €	+21.7%	116,3 k €	+93.3%	60,2 k €	+149%	24,2 k €
Debts	1,3 M €	-10.7%	1,5 M €	+72.8%	862,2 k €	-22.8%	1,1 M €	+6.6%	1 M €	+140%	436 k €	+5.0%	415,4 k €	+24.2%	334,3 k €	+20.1%	278,3 k €	-40.3%	466,3 k €	+0.7%	462,8 k €	-25.6%	622,3 k €	+24.7%	499,2 k €	+75.1%	285,1 k €	+157%	110,9 k €	-68.3%	349,7 k €	+52.1%	230 k €	+8.9%	211,1 k €
Other
Workforce	11,4 ETP	-1.7%	11,6 ETP	+8.4%	10,7 ETP	+27.4%	8,4 ETP	0.0%	8,4 ETP	+40.0%	6,0 ETP	-10.4%	6,7 ETP	+9.8%	6,1 ETP	+5.2%	5,8 ETP	+31.8%	4,4 ETP	-12.0%	5,0 ETP	+13.6%	4,4 ETP	+25.7%	3,5 ETP	0.0%	3,5 ETP	-20.5%	4,4 ETP	0.0%	4,4 ETP	+51.7%	2,9 ETP	+81.2%	1,6 ETP

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 31/12/2025 · 1 active · 6 ended

Active mandates

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Active

Ended mandates

LINXES

Director · since 23 juin 2009 · 0885.815.282

Represented by Kurt DE WIT

Ended

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Ended

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Ended

LINXES

Manager · 0885.815.282

Represented by Bruno De Maesschalck

Ended

At this address

Other companies at this address

Company	CBE no.
LINXES● Active	0885.815.282

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	03/07/2026	28/07/2025	27/06/2024	27/07/2023	02/08/2022	30/07/2021
General meeting	24/06/2026	30/06/2025	20/06/2024	10/07/2023	19/07/2022	13/07/2021
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	31/12/2025	24/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/07/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	19/07/2022	02/08/2022	Dutch	PDF
Abridged model	31/12/2020	13/07/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/02/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	19/07/2007	Dutch	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 31/12/2025 · 1 active · 6 ended

Active mandates

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Active

Ended mandates

LINXES

Director · since 23 juin 2009 · 0885.815.282

Represented by Kurt DE WIT

Ended

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Ended

LINXES

Manager · since 23 juin 2009 · 0885.815.282

Represented by Kurt De Wit

Ended

LINXES

Manager · 0885.815.282

Represented by Bruno De Maesschalck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2009
ONTSLAGEN - BENOEMINGEN
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 2025618,5 k €↓
2024
Annual accounts 2024686 k €↓
2023
Annual accounts 2023721,1 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 20211,1 M €↑
2018
Annual accounts 2018178,4 k €↑
2017
Annual accounts 201710,9 k €↓
2016
Annual accounts 201641,9 k €↓
2015
Annual accounts 2015142,5 k €↓
2014
Annual accounts 2014297,7 k €↑
2013
Annual accounts 2013200,7 k €↓
2012
Annual accounts 2012467,6 k €↑
2011
Annual accounts 2011317,5 k €↑
2010
Annual accounts 2010216,6 k €↑
2009
Annual accounts 200981,3 k €↓
2008
Annual accounts 2008258,3 k €↑
2007
Annual accounts 2007202,7 k €↑
2006
Annual accounts 200679,9 k €
25/10/2001
IncorporationPrivate company with limited liability

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

MGB-TECH

Overview

What does MGB-TECH do?

Trend over 18 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