ACTIVE

M&G Projects

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Financial year 2025 · closed on 30/09/2025

Net result

296 k €

+408.6% YoY

Gross margin

474,4 k €

+261.8% YoY

Equity

739,2 k €

+37.7% YoY

What does M&G Projects do?

M&G Projects is a Private limited company incorporated in 2002. Its registered office is in Puurs-Sint-Amands.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.833.786

Incorporation

04/03/2002

Legal form

Private limited company

Registered office

Kerkhofdries 1 box 1
2890 Puurs-Sint-Amands · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/09/2025

Joint committees (3)

124
200
2000012400

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	474,4 k €	+262%	131,1 k €	-76.0%	547 k €	+7.3%	510 k €	+67.9%	303,8 k €	-23.7%	398,4 k €	+15.8%	343,9 k €	-7.4%	371,5 k €	+34.1%	277 k €	+1.3%	273,5 k €	-2.5%	280,4 k €	+48.3%	189 k €	+29.7%	145,7 k €	+30.8%	111,5 k €	+23.1%	90,6 k €	+0.4%	90,2 k €	-0.3%	90,5 k €
EBITDA	464,5 k €	+294%	117,9 k €	-70.1%	394,6 k €	+25.4%	314,8 k €	+231%	95,2 k €	-53.0%	202,7 k €	+13.2%	179,1 k €	-13.8%	207,8 k €	+26.6%	164,1 k €	+10.0%	149,2 k €	-20.4%	187,4 k €	+105%	91,4 k €	+28.3%	71,3 k €	+45.2%	49,1 k €	+42.0%	34,6 k €	-18.0%	42,2 k €	+11.2%	37,9 k €
Operating result	398,6 k €	+639%	-73,9 k €	-127%	273,3 k €	+4.8%	260,8 k €	+318%	62,4 k €	-62.3%	165,5 k €	+36.8%	121 k €	+22.4%	98,9 k €	+18.6%	83,3 k €	-19.2%	103,2 k €	-24.6%	136,8 k €	+180%	48,9 k €	+50.8%	32,5 k €	+87.7%	17,3 k €	+169%	6,4 k €	-53.4%	13,8 k €	+145%	5,6 k €
Net result	296 k €	+409%	-95,9 k €	-152%	182,7 k €	+6.2%	172,1 k €	+397%	34,6 k €	-63.1%	93,8 k €	+60.2%	58,5 k €	+27.3%	46 k €	+23.7%	37,2 k €	-47.6%	71 k €	-15.6%	84,1 k €	+184%	29,6 k €	+53.1%	19,3 k €	+90.6%	10,1 k €	+4400%	225,3 €	-95.0%	4,5 k €	+553%	-995,2 €
Balance sheet
Equity	739,2 k €	+37.7%	537 k €	-33.5%	808,1 k €	+27.6%	633,4 k €	+58.7%	399,2 k €	+9.5%	364,6 k €	+34.6%	270,8 k €	+27.6%	212,3 k €	+27.7%	166,3 k €	+1.3%	164,1 k €	+51.7%	108,2 k €	+177%	39,1 k €	-11.2%	44 k €	+26.9%	34,7 k €	+41.3%	24,6 k €	+0.9%	24,3 k €	+22.7%	19,8 k €
Total assets	1,5 M €	+5.9%	1,4 M €	-11.7%	1,6 M €	+23.0%	1,3 M €	+30.5%	1 M €	-0.0%	1 M €	+8.1%	928,8 k €	+0.0%	928,4 k €	+49.2%	622,3 k €	+17.7%	528,8 k €	-1.8%	538,7 k €	+26.1%	427,2 k €	+33.8%	319,2 k €	+71.1%	186,5 k €	+18.2%	157,9 k €	-9.4%	174,2 k €	-2.6%	179 k €
Cash	111,8 k €	+104%	54,7 k €	-81.7%	298,9 k €	+30.1%	229,9 k €	+47.4%	155,9 k €	+31.7%	118,4 k €	+135%	50,5 k €	+693%	6,4 k €	-89.1%	58,6 k €	+56118%	104,2 €	-99.8%	60,3 k €	+13.8%	53 k €	+72.0%	30,8 k €	+542687%	5,7 €	-100.0%	27,8 k €	+250%	8 k €	+935%	769,3 €
Debts	639,8 k €	-24.6%	849 k €	+10.9%	765,5 k €	+20.8%	633,8 k €	+12.7%	562,5 k €	-6.4%	600,8 k €	-3.1%	619,9 k €	-8.6%	678 k €	+63.0%	416 k €	+27.2%	327,1 k €	-16.7%	393 k €	+11.9%	351,3 k €	+45.7%	241,2 k €	+100%	120,4 k €	+15.3%	104,5 k €	-15.4%	123,6 k €	-8.6%	135,3 k €
Other
Workforce	–		–		2,9 ETP	-12.1%	3,3 ETP	-23.3%	4,3 ETP	+13.2%	3,8 ETP		–		4,4 ETP	+100%	2,2 ETP	-18.5%	2,7 ETP	+22.7%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

MARIE-CLAIRE VAN HEMELRIJK

Director · since 01 janvier 2023 · until 12 décembre 2025

Active

GEERT CHRISTIAENS

Director · since 15 novembre 2022

Active

Ended mandates

MARIE-CLAIRE VAN HEMELRIJK

Director · since 01 janvier 2023

Ended

Geert CHRISTIAENS

Manager

Ended

GEERT CHRISTIAENS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van mede-eigenaars "Elsa-Marie", 2890 Sint-Amands - Puurs-Sint-Amands, Kerkhofdries 1● Active	0770.345.096

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	02/04/2025	11/07/2023	31/07/2022	23/08/2021	01/09/2020
General meeting	20/03/2026	21/03/2025	30/06/2023	30/06/2022	19/03/2021	20/03/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	20/03/2026	08/04/2026	Dutch	PDF
Abridged model	30/09/2024	21/03/2025	02/04/2025	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/03/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	20/03/2020	01/09/2020	Dutch	PDF
Abridged model	31/12/2018	15/03/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/03/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	17/03/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/03/2016	04/10/2016	Dutch	PDF
Abridged model	31/12/2014	20/03/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	21/03/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/03/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	16/03/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/03/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/03/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/03/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	21/03/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	16/03/2007	28/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

MARIE-CLAIRE VAN HEMELRIJK

Director · since 01 janvier 2023 · until 12 décembre 2025

Active

GEERT CHRISTIAENS

Director · since 15 novembre 2022

Active

Ended mandates

MARIE-CLAIRE VAN HEMELRIJK

Director · since 01 janvier 2023

Ended

Geert CHRISTIAENS

Manager

Ended

GEERT CHRISTIAENS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2023
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates18/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/09/2002
DIVERSEN - KAPITAAL - AANDELEN
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 2025296 k €↑
2024
Annual accounts 2024-95,9 k €↓
2022
Annual accounts 2022182,7 k €↑
2022
Name changeM&G Projects
2021
Annual accounts 2021172,1 k €↑
2021
Name changeCHRISTIAENS GEERT VLOER- EN TEGELWERKEN
2018
Annual accounts 201834,6 k €↓
2017
Annual accounts 201793,8 k €↑
2016
Annual accounts 201658,5 k €↑
2015
Annual accounts 201546 k €↑
2014
Annual accounts 201437,2 k €↓
2013
Annual accounts 201371 k €↓
2012
Annual accounts 201284,1 k €↑
2011
Annual accounts 201129,6 k €↑
2010
Annual accounts 201019,3 k €↑
2009
Annual accounts 200910,1 k €↑
2008
Annual accounts 2008225,3 €↓
2007
Annual accounts 20074,5 k €↑
2006
Annual accounts 2006-995,2 €
04/03/2002
IncorporationPrivate 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 Projects

Overview

What does M&G Projects do?

Trend over 17 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