ACTIVE

MGH 2002

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Financial year 2025 · closed on 31/12/2025

Net result

799,1 k €

-4.3% YoY

Gross margin

3,6 M €

-3.4% YoY

Equity

2,7 M €

0.0% YoY

Workforce

28,6 ETP

-2.4% YoY

What does MGH 2002 do?

MGH 2002 is a Public limited company incorporated in 2002. Its main activity is: Manufacture of bearings, gears, gearing and driving elements. Its registered office is in Machelen (Brab.). It employs on average 28,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.997.984

Incorporation

17/07/2002

Legal form

Public limited company

Registered office

Rittwegerlaan 2B
1830 Machelen (Brab.) · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

28,6 ETP

Activities (NACE)

28150Manufacture of bearings, gears, gearing and driving elements· main 28150Manufacture of bearings, gears, gearing and driving elements 29142Manufacture of motor vehicles 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment

Joint committees (3)

10201
111
209

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	3,6 M €	-3.4%	3,7 M €	+1.6%	3,6 M €	+13.3%	3,2 M €	+26.3%	2,5 M €	+1.3%	2,5 M €	-9.6%	2,8 M €	+24.8%	2,2 M €	+8.3%	2 M €	-1.4%	2,1 M €	-0.8%	2,1 M €	+9.6%	1,9 M €	+0.4%	1,9 M €	-11.6%	2,2 M €	+39.0%	1,6 M €	+38.5%	1,1 M €	+15.4%	969,8 k €	-3.7%	1 M €	+64.1%	613,4 k €	+32.1%	464,3 k €
EBITDA	1,2 M €	-8.3%	1,3 M €	+6.8%	1,2 M €	+43.9%	863,1 k €	+37.6%	627,3 k €	+0.9%	621,8 k €	-30.2%	891 k €	+88.0%	474 k €	+37.1%	345,7 k €	+3.8%	332,9 k €	-8.6%	364,1 k €	+144%	149,2 k €	+17.8%	126,6 k €	-72.7%	464,4 k €	+58.2%	293,6 k €	+18.9%	246,9 k €	+10.4%	223,7 k €	-37.4%	357,4 k €	+75.8%	203,3 k €	+12.1%	181,4 k €
Operating result	1,1 M €	-3.9%	1,2 M €	+1.1%	1,2 M €	+46.9%	792,6 k €	+41.8%	558,9 k €	-0.5%	561,5 k €	-30.8%	811,3 k €	+89.8%	427,4 k €	+70.3%	250,9 k €	+3.9%	241,6 k €	+118%	110,7 k €	+54.1%	71,8 k €	+15.0%	62,5 k €	-82.7%	360,3 k €	+84.6%	195,2 k €	+13.1%	172,6 k €	+7.6%	160,4 k €	-43.5%	284 k €	+125%	126,5 k €	-16.8%	152,1 k €
Net result	799,1 k €	-4.3%	835,2 k €	-0.6%	840,3 k €	+48.7%	565,3 k €	+41.8%	398,7 k €	-3.0%	410,9 k €	-24.7%	545,7 k €	+113%	256 k €	+115%	119,3 k €	+3.7%	115,1 k €	+149%	46,2 k €	+77.3%	26 k €	-35.1%	40,1 k €	-81.0%	211,7 k €	+84.8%	114,6 k €	+14.0%	100,5 k €	+3.8%	96,8 k €	-44.2%	173,4 k €	+139%	72,6 k €	-28.6%	101,7 k €
Balance sheet
Equity	2,7 M €	0.0%	2,7 M €	+3.7%	2,6 M €	+37.6%	1,9 M €	+39.8%	1,4 M €	-41.7%	2,3 M €	+20.4%	1,9 M €	+39.4%	1,4 M €	+22.7%	1,1 M €	+11.8%	1 M €	+12.9%	893,1 k €	+5.4%	847 k €	+3.2%	821 k €	+5.1%	780,8 k €	+30.3%	599,1 k €	-9.2%	659,5 k €	+18.0%	559 k €	+20.9%	462,2 k €	+53.6%	300,8 k €	+31.8%	228,2 k €
Total assets	8 M €	+4.5%	7,7 M €	+4.4%	7,4 M €	+18.4%	6,2 M €	+17.3%	5,3 M €	-3.3%	5,5 M €	+59.2%	3,4 M €	+3.3%	3,3 M €	+9.5%	3 M €	+4.3%	2,9 M €	-3.5%	3 M €	+10.3%	2,7 M €	+5.7%	2,6 M €	-3.7%	2,7 M €	-1.9%	2,8 M €	+32.5%	2,1 M €	+44.5%	1,4 M €	+0.5%	1,4 M €	+26.2%	1,1 M €	+114%	529,1 k €
Cash	850,5 k €	+72.2%	493,8 k €	-13.0%	567,9 k €	-34.8%	870,4 k €	+56.8%	555,1 k €	-59.7%	1,4 M €	+97.9%	696,6 k €	+465%	123,3 k €	-85.2%	831,1 k €	+181%	295,7 k €	+113%	138,7 k €	-28.4%	193,7 k €	+22.8%	157,7 k €	+26.6%	124,5 k €	-67.2%	379,7 k €	+191%	130,5 k €	+1669%	7,4 k €	-95.6%	166,4 k €	+221%	51,8 k €	-51.6%	107 k €
Debts	5,2 M €	+7.0%	4,9 M €	+4.7%	4,6 M €	+10.0%	4,2 M €	+9.3%	3,9 M €	+25.3%	3,1 M €	+119%	1,4 M €	-24.6%	1,9 M €	+3.1%	1,8 M €	+0.9%	1,8 M €	-3.3%	1,9 M €	+1.8%	1,8 M €	+8.6%	1,7 M €	-9.9%	1,9 M €	-13.4%	2,1 M €	+52.1%	1,4 M €	+84.4%	765,4 k €	-20.5%	962,4 k €	+16.0%	829,6 k €	+177%	299,5 k €
Other
Workforce	28,6 ETP	-2.4%	29,3 ETP	-4.2%	30,6 ETP	-0.3%	30,7 ETP	+6.6%	28,8 ETP	+1.4%	28,4 ETP	+6.0%	26,8 ETP	-7.3%	28,9 ETP	+1.4%	28,5 ETP	-2.4%	29,2 ETP	-1.7%	29,7 ETP	-2.3%	30,4 ETP	+3.8%	29,3 ETP	+5.4%	27,8 ETP	+21.9%	22,8 ETP	+34.1%	17,0 ETP	+11.8%	15,2 ETP	+15.2%	13,2 ETP	+50.0%	8,8 ETP	+29.4%	6,8 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 · 28 ended

Active mandates

OMNIRESULT

Director · 0546.742.973

Represented by Johan Duysters

Active

Ended mandates

OMNIRESULT

Director · since 03 octobre 2023 · 0546.742.973

Represented by Johan Duysters

Ended

Jacqueline De Vuyst

Director · since 01 janvier 2023 · until 03 octobre 2023

Ended

Johan Duysters

Managing director · since 01 janvier 2023 · until 03 octobre 2023

Ended

Jacqueline De Vuyts

Director · since 10 novembre 2022 · until 04 juin 2025

Ended

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	17/06/2026	09/07/2025	12/08/2024	07/06/2023	10/06/2022	29/06/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	07/06/2023	01/06/2022	02/06/2021
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	17/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	18/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	12/08/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	07/06/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	17/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	06/07/2007	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 · 28 ended

Active mandates

OMNIRESULT

Director · 0546.742.973

Represented by Johan Duysters

Active

Ended mandates

OMNIRESULT

Director · since 03 octobre 2023 · 0546.742.973

Represented by Johan Duysters

Ended

Jacqueline De Vuyst

Director · since 01 janvier 2023 · until 03 octobre 2023

Ended

Johan Duysters

Managing director · since 01 janvier 2023 · until 03 octobre 2023

Ended

Jacqueline De Vuyts

Director · since 10 novembre 2022 · until 04 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/09/2007
MAATSCHAPPELIJKE ZETEL
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 2025799,1 k €↓
2024
Annual accounts 2024835,2 k €↓
2023
Annual accounts 2023840,3 k €↑
2022
Annual accounts 2022565,3 k €↑
2021
Annual accounts 2021398,7 k €↓
2021
Name changeMGH
2020
Annual accounts 2020410,9 k €↓
2019
Annual accounts 2019545,7 k €↑
2018
Annual accounts 2018256 k €↑
2017
Annual accounts 2017119,3 k €↑
2016
Annual accounts 2016115,1 k €↑
2015
Annual accounts 201546,2 k €↑
2014
Annual accounts 201426 k €↓
2013
Annual accounts 201340,1 k €↓
2012
Annual accounts 2012211,7 k €↑
2011
Annual accounts 2011114,6 k €↑
2010
Annual accounts 2010100,5 k €↑
2009
Annual accounts 200996,8 k €↓
2008
Annual accounts 2008173,4 k €↑
2007
Annual accounts 200772,6 k €↓
2006
Annual accounts 2006101,7 k €
2006
Name changeMGH 2002
17/07/2002
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

MGH 2002

Overview

What does MGH 2002 do?

Trend over 20 financial years

Indicative valuation

Board of directors

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