ACTIVE

MG ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

276,2 k €

+51.2% YoY

Gross margin

329,7 k €

+136.3% YoY

Equity

659,3 k €

+17.1% YoY

Workforce

1,0 ETP

0.0% YoY

What does MG ENGINEERING do?

MG ENGINEERING is a Private limited company incorporated in 2009. Its main activity is: Installation of industrial machinery and equipment. Its registered office is in Morlanwelz. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0817.274.587

Incorporation

01/07/2009

Legal form

Private limited company

Registered office

Rue Sainte-Henriette(MLZ) 226
7140 Morlanwelz · WallonieSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

33200Installation of industrial machinery and equipment· main 33200Installation of industrial machinery and equipment 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 43212Electrical installation 43212Electrical installation+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	329,7 k €	+136%	139,5 k €	-13.4%	161,1 k €	-18.0%	196,4 k €	-5.4%	207,7 k €	+38.7%	149,8 k €	+13.4%	132 k €	+61.8%	81,6 k €	+23.2%	66,2 k €	+387%	13,6 k €	-89.2%	126,5 k €	-2.9%	130,3 k €	-9.1%	143,3 k €	-14.6%	167,8 k €	-0.5%	168,6 k €	+24366%	-695 €
EBITDA	298,5 k €	+138%	125,3 k €	-4.6%	131,4 k €	-19.8%	163,9 k €	-8.2%	178,6 k €	+98.8%	89,8 k €	+144%	36,8 k €	-33.6%	55,4 k €	-16.3%	66,2 k €	+772%	7,6 k €	-61.0%	19,5 k €	+192%	-21,2 k €	-304%	10,4 k €	+64.8%	6,3 k €	-73.2%	23,6 k €	+3496%	-695 €
Operating result	286,7 k €	+205%	94,1 k €	+1.2%	93 k €	-26.7%	127 k €	-9.3%	140 k €	+172%	51,4 k €	+1697%	-3,2 k €	-106%	50,9 k €	-19.7%	63,4 k €	+811%	7 k €	-62.0%	18,3 k €	+186%	-21,2 k €	-304%	10,4 k €	+64.8%	6,3 k €	-73.2%	23,6 k €	+3496%	-695 €
Net result	276,2 k €	+51.2%	182,7 k €	-11.9%	207,4 k €	+57.2%	131,9 k €	-25.8%	177,7 k €	+673%	23 k €	+386%	4,7 k €	-83.4%	28,4 k €	-36.5%	44,7 k €	+4368%	1 k €	-92.5%	13,4 k €	+111%	-116,6 k €	-92023%	126,9 €	+102%	-6,4 k €	-250%	4,3 k €	+755%	-649,1 €
Balance sheet
Equity	659,3 k €	+17.1%	562,8 k €	+47.7%	381 k €	+38.8%	274,5 k €	+28.1%	214,3 k €	+182%	76 k €	+43.3%	53,1 k €	+9.8%	48,3 k €	+216%	-41,5 k €	+51.9%	-86,2 k €	+1.1%	-87,2 k €	+13.3%	-100,7 k €	-731%	16 k €	+0.8%	15,8 k €	-28.7%	22,2 k €	+300%	5,6 k €
Total assets	953,8 k €	+8.3%	880,3 k €	-12.5%	1 M €	-3.2%	1 M €	-3.9%	1,1 M €	+19.3%	906,8 k €	-8.8%	994,7 k €	+13.9%	873 k €	+140%	363,5 k €	-4.8%	381,9 k €	-5.5%	404,1 k €	-2.1%	412,9 k €	-25.7%	555,8 k €	+4.0%	534,5 k €	-0.0%	534,6 k €	+25.6%	425,6 k €
Cash	58,7 k €	+48.9%	39,4 k €	-75.7%	162,2 k €	-14.3%	189,4 k €	+152%	75,2 k €	+1071%	6,4 k €	-79.2%	30,8 k €	-21.7%	39,3 k €	+541%	6,1 k €	+2.6%	6 k €	+191%	2,1 k €	+86.4%	1,1 k €	+99.8%	552,6 €	-90.3%	5,7 k €	-70.9%	19,5 k €	+253%	5,5 k €
Debts	294,5 k €	-7.2%	317,5 k €	-49.2%	625,1 k €	-18.3%	765,3 k €	-11.8%	867,6 k €	+4.4%	830,8 k €	-11.8%	941,6 k €	+14.2%	824,7 k €	+104%	405 k €	-13.5%	468,2 k €	-4.7%	491,3 k €	-4.3%	513,6 k €	-4.9%	539,9 k €	+4.1%	518,7 k €	+1.2%	512,4 k €	+22.0%	420 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-26.7%	1,5 ETP		–		–		–		–		1,5 ETP	-21.1%	1,9 ETP	-5.0%	2,0 ETP	-13.0%	2,3 ETP	+43.7%	1,6 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 31/12/2025 · 2 active · 3 ended

Active mandates

Marc GOBERT

Director

Active

Sylvie QUENNERY

Director

Active

Ended mandates

MARC GERARD

Manager

Ended

MARC GOBERT

Manager

Ended

Sylvie QUENNERY

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AGM Rabotage● Active	1023.314.861
BUROTECH CONSULTING● Active	0417.306.074
BUROTECH ENERGY● Active	0445.208.521
MLZ IMMO● Active	1023.312.584

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	22/04/2026	04/06/2025	13/07/2024	26/07/2023	31/07/2022	28/07/2021
General meeting	08/04/2026	21/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/04/2026	22/04/2026	French	PDF
Abridged model	31/12/2024	21/05/2025	04/06/2025	French	PDF
Abridged model	31/12/2023	18/05/2024	13/07/2024	French	PDF
Abridged model	31/12/2022	20/05/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	21/05/2022	31/07/2022	French	PDF
Abridged model	31/12/2020	15/05/2021	28/07/2021	French	PDF
Micro model	31/12/2019	16/05/2020	31/07/2020	French	PDF
Micro model	31/12/2018	18/05/2019	29/08/2019	French	PDF
Micro model	31/12/2017	19/05/2018	30/07/2018	French	PDF
Micro model	31/12/2016	20/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	21/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	12/09/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	17/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	18/05/2013	02/08/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	21/05/2011	31/08/2011	French	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 · 3 ended

Active mandates

Marc GOBERT

Director

Active

Sylvie QUENNERY

Director

Active

Ended mandates

MARC GERARD

Manager

Ended

MARC GOBERT

Manager

Ended

Sylvie QUENNERY

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office12/04/2019
SIEGE SOCIAL
PDF
Capital / shares12/02/2019
CAPITAL, ACTIONS
PDF
Mandates10/04/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office28/01/2016
SIEGE SOCIAL
PDF
Mandates15/10/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office05/07/2013
SIEGE SOCIAL
PDF
Mandates19/11/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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 2025276,2 k €↑
2024
Annual accounts 2024182,7 k €↓
2023
Annual accounts 2023207,4 k €↑
2022
Annual accounts 2022131,9 k €↓
2021
Annual accounts 2021177,7 k €↑
2020
Annual accounts 202023 k €↑
2019
Annual accounts 20194,7 k €↓
2018
Annual accounts 201828,4 k €↓
2017
Annual accounts 201744,7 k €↑
2016
Annual accounts 20161 k €↓
2015
Annual accounts 201513,4 k €↑
2014
Annual accounts 2014-116,6 k €↓
2013
Annual accounts 2013126,9 €↑
2012
Annual accounts 2012-6,4 k €↓
2011
Annual accounts 20114,3 k €↑
2010
Annual accounts 2010-649,1 €
01/07/2009
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 ENGINEERING

Overview

What does MG ENGINEERING do?

Trend over 16 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