ACTIVE

MG PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

91,7 k €

+1551.6% YoY

Gross margin

160,5 k €

+244.7% YoY

Equity

198,4 k €

+85.9% YoY

What does MG PROJECTS do?

MG PROJECTS is a Private limited company incorporated in 2008. Its main activity is: Computer consultancy activities. Its registered office is in Anzegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.510.557

Incorporation

19/09/2008

Legal form

Private limited company

Registered office

De Limburg Stirumdreef 9
8570 Anzegem · FlandreSee on map

Contributed capital

25 642,72 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	160,5 k €	+245%	46,6 k €	-25.7%	62,6 k €	+59.4%	39,3 k €	-25.1%	52,5 k €	+75.0%	30 k €	+50.3%	20 k €	-39.3%	32,9 k €	+32.8%	24,8 k €	-31.6%	36,2 k €	+17.6%	30,8 k €	-46.8%	57,8 k €	+16.5%	49,6 k €	+22.7%	40,4 k €	+17.7%	34,3 k €	+9.2%	31,4 k €
EBITDA	159,5 k €	+251%	45,4 k €	-25.8%	61,3 k €	+62.9%	37,6 k €	-25.9%	50,8 k €	+80.0%	28,2 k €	+46.1%	19,3 k €	-39.9%	32,1 k €	+33.6%	24,1 k €	-31.7%	35,2 k €	+20.7%	29,2 k €	-48.8%	57,1 k €	+20.3%	47,5 k €	+27.5%	37,2 k €	+10.7%	33,6 k €	+11.4%	30,2 k €
Operating result	137,9 k €	+608%	19,5 k €	-54.4%	42,7 k €	+134%	18,2 k €	-13.8%	21,2 k €	+56.0%	13,6 k €	+193%	4,6 k €	-42.9%	8,1 k €	+116%	3,8 k €	-73.7%	14,3 k €	+55.8%	9,2 k €	-75.4%	37,2 k €	+27.8%	29,1 k €	+22.4%	23,8 k €	-12.9%	27,3 k €	+18.4%	23,1 k €
Net result	91,7 k €	+1552%	5,6 k €	-81.6%	30,2 k €	+264%	8,3 k €	-36.4%	13,1 k €	+65.8%	7,9 k €	+1335%	-638,3 €	-114%	4,4 k €	+467%	780 €	-76.0%	3,2 k €	-31.1%	4,7 k €	-80.5%	24,2 k €	+30.4%	18,5 k €	+20.4%	15,4 k €	-16.8%	18,5 k €	+15.8%	16 k €
Balance sheet
Equity	198,4 k €	+85.9%	106,7 k €	+5.5%	101,1 k €	-37.6%	162 k €	+5.4%	153,7 k €	+21.2%	126,8 k €	+6.6%	118,9 k €	-0.5%	119,5 k €	+3.8%	115,1 k €	+0.7%	114,3 k €	+2.9%	111,1 k €	+4.4%	106,4 k €	+22.3%	87 k €	+27.1%	68,5 k €	+29.0%	53,1 k €	+139%	22,2 k €
Total assets	239,2 k €	+31.8%	181,5 k €	-0.3%	182,1 k €	-6.3%	194,4 k €	+10.2%	176,4 k €	+1.4%	174 k €	+5.6%	164,8 k €	-14.0%	191,8 k €	+51.5%	126,6 k €	-14.2%	147,4 k €	-4.4%	154,2 k €	+6.8%	144,4 k €	+16.4%	124,1 k €	+45.0%	85,6 k €	+23.1%	69,5 k €	+44.4%	48,1 k €
Cash	105,4 k €	+446%	19,3 k €	-71.1%	66,7 k €	+2339%	2,7 k €	-74.0%	10,5 k €	-74.9%	41,9 k €	+122%	18,9 k €	-61.0%	48,5 k €	+189%	16,7 k €	+48.3%	11,3 k €	-6.2%	12 k €	-53.7%	26 k €	+424%	5 k €	-56.6%	11,4 k €	-33.4%	17,1 k €		–
Debts	36,9 k €	-48.0%	70,9 k €	-12.5%	81 k €	+153%	32 k €	+41.0%	22,7 k €	-52.0%	47,2 k €	+3.1%	45,8 k €	-36.6%	72,2 k €	+532%	11,4 k €	-65.4%	33,1 k €	-23.2%	43,1 k €	+13.6%	38 k €	+2.4%	37,1 k €	+117%	17,1 k €	+4.2%	16,4 k €	-36.7%	25,9 k €

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 31/12/2025 · 2 active · 5 ended

Active mandates

Geert Maertens

Director · since 19 septembre 2008

Active

Kristel Brys

Director · since 19 septembre 2008

Active

Ended mandates

Geert Maertens

Manager · since 23 septembre 2008

Ended

Kristel Brys

Manager · since 23 septembre 2008

Ended

Kristel Brys

Manager · since 19 septembre 2008

Ended

Geert Maertens

Director · since 19 août 2008

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	24/06/2025	29/07/2024	18/08/2023	22/07/2022	24/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	30/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/06/2026	17/07/2026	Dutch	PDF
Micro model	31/12/2024	19/06/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	18/08/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	22/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	24/08/2021	Dutch	PDF
Micro model	31/12/2019	18/06/2020	27/08/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	08/07/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	21/06/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	22/06/2011	05/09/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	12/09/2011	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 31/12/2025 · 2 active · 5 ended

Active mandates

Geert Maertens

Director · since 19 septembre 2008

Active

Kristel Brys

Director · since 19 septembre 2008

Active

Ended mandates

Geert Maertens

Manager · since 23 septembre 2008

Ended

Kristel Brys

Manager · since 23 septembre 2008

Ended

Kristel Brys

Manager · since 19 septembre 2008

Ended

Geert Maertens

Director · since 19 août 2008

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202591,7 k €↑
2024
Annual accounts 20245,6 k €↓
2023
Annual accounts 202330,2 k €↑
2022
Annual accounts 20228,3 k €↓
2021
Annual accounts 202113,1 k €↑
2019
Annual accounts 20197,9 k €↑
2018
Annual accounts 2018-638,3 €↓
2017
Annual accounts 20174,4 k €↑
2016
Annual accounts 2016780 €↓
2015
Annual accounts 20153,2 k €↓
2014
Annual accounts 20144,7 k €↓
2013
Annual accounts 201324,2 k €↑
2012
Annual accounts 201218,5 k €↑
2011
Annual accounts 201115,4 k €↓
2010
Annual accounts 201018,5 k €↑
2009
Annual accounts 200916 k €
19/09/2008
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

MG PROJECTS

Overview

What does MG PROJECTS do?

Trend over 16 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

Similar companies

Similar companies

Timeline