MG Real Estate
0861.589.434 · rovalta.com · 25/09/2026
ACTIVE
MG Real Estate
Financial year 2025 · Closed on 31/12/2025
Net result16,7 M €+850,7 %over 1 year
Revenue13,7 M €-20,1 %over 1 year
Equity165,4 M €-2,0 %over 1 year
Workforce14,0 ETP-11,9 %over 1 year
Overview
Identity
Source · BCE/KBOMG Real Estate is a Public limited company incorporated in 2003. Its main activity is: Development of building projects. Its registered office is in Gent. It employs on average 14,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0861.589.434
- Incorporation
- 12/11/2003
- Legal form
- Public limited company
- Registered office
- Esplanade Oscar Van de Voorde 1
9000 Gent · FlandreSee on map - Contributed capital
- 93 667 220,31 €
- Latest accounts
- 31/12/2025
- Average workforce
- 14,0 ETP
Activities (NACE)
Joint committees (5)
- 100
- 121
- 124
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
Financials
Source · NBB, 22 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 13,7 M € | -20.1% | 17,1 M € | -10.9% | 19,2 M € | +4.5% | 18,4 M € | +43.7% | 12,8 M € |
| EBITDA | -8,7 M € | -272% | -2,3 M € | +56.6% | -5,4 M € | -192% | 5,8 M € | +250% | 1,7 M € |
| Operating result | -9,3 M € | -224% | -2,9 M € | +51.6% | -5,9 M € | -208% | 5,4 M € | +296% | 1,4 M € |
| Net result | 16,7 M € | +851% | 1,8 M € | -77.9% | 7,9 M € | -60.0% | 19,8 M € | -20.8% | 25 M € |
| Balance sheet | |||||||||
| Equity | 165,4 M € | -2.0% | 168,7 M € | +1.1% | 166,9 M € | +5.0% | 159 M € | +14.2% | 139,2 M € |
| Total assets | 378,2 M € | +22.5% | 308,8 M € | +21.8% | 253,5 M € | +13.4% | 223,5 M € | +16.6% | 191,7 M € |
| Cash | 7,7 M € | +106% | 3,7 M € | -38.1% | 6 M € | +0.7% | 6 M € | +109% | 2,9 M € |
| Debts | 212,8 M € | +51.8% | 140,2 M € | +69.5% | 82,7 M € | +28.2% | 64,5 M € | +23.0% | 52,5 M € |
| Other | |||||||||
| Workforce | 14,0 ETP | -11.9% | 15,9 ETP | -4.2% | 16,6 ETP | -7.3% | 17,9 ETP | +37.7% | 13,0 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 100 M€ and 250 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20255 active · 36 ended
Active mandates
Ended mandates
Other companies at this address
Esplanade Oscar Van de Voorde 1 9000 Gent| Company | CBE no. |
|---|---|
6 AM● Active | 0790.474.972 |
ABIES ALBA● Active | 0474.873.495 |
Abies Alba two● Active | 1010.387.830 |
Abies Grandis● Active | 0837.758.217 |
ABIES ONE● Active | 0556.733.181 |
Acer Campestre● Active | 1016.138.544 |
Acer Opalus● Active | 0837.759.997 |
AUCUBA● Active | 0533.955.702 |
Autumn Flame● Active | 1028.968.179 |
BELLUCCI● Active | 0695.456.445 |
Beton Brut● Active | 0664.603.814 |
Betula Pendula● Active | 1011.167.392 |
Brilliantissimum● Active | 1028.999.259 |
CAPTIC● Active | 0870.696.744 |
CEDRUS● Active | 0556.734.567 |
Celtis Julianae● Active | 0473.652.384 |
Columnare● Active | 1028.969.268 |
CRYOSTORAGE● Active | 0899.649.957 |
Datacenter Zaventem● Active | 1022.176.595 |
Drummondii● Active | 1028.970.258 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full 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 | 16/06/2026 | 12/08/2025 | 12/08/2024 | 19/06/2023 | 30/06/2022 | 07/07/2021 |
| General meeting | 12/06/2026 | 13/06/2025 | 14/06/2024 | 09/06/2023 | 17/06/2022 | 11/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 22 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 12/06/2026 | 16/06/2026 | Dutch | |
| Full model | 31/12/2024 | 13/06/2025 | 12/08/2025 | Dutch | |
| Full model | 31/12/2023 | 14/06/2024 | 12/08/2024 | Dutch | |
| Full model | 31/12/2022 | 09/06/2023 | 19/06/2023 | Dutch | |
| Full model | 31/12/2021 | 17/06/2022 | 30/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 11/06/2021 | 07/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 25/06/2020 | 02/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 14/06/2019 | 03/07/2019 | Dutch | |
| Full model | 31/12/2017 | 08/06/2018 | 28/06/2018 | Dutch | |
| Full model | 31/12/2016 | 09/06/2017 | 26/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 10/06/2016 | 29/07/2016 | Dutch | |
| Abridged model | 30/09/2014 | 13/03/2015 | 31/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 14/03/2014 | 30/04/2014 | Dutch | |
| Abridged model | 30/09/2012 | 08/03/2013 | 30/04/2013 | Dutch | |
| Abridged model | 30/09/2011 | 09/03/2012 | 28/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 26/11/2010 | 30/04/2011 | Dutch | |
| Abridged model | 30/09/2009 | 12/03/2010 | 30/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 13/03/2009 | 29/04/2009 | Dutch | |
| Abridged model | 30/09/2007 | 14/03/2008 | 28/03/2008 | Dutch | |
| Abridged modelCorrection | 31/12/2005 | 09/06/2006 | 13/09/2006 | Dutch | |
| Abridged model | 31/12/2005 | 09/06/2006 | 17/08/2006 | Dutch | |
| Abridged model | 31/12/2004 | 10/06/2005 | 01/08/2005 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 M€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20255 active · 36 ended
Active mandates
Ended mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates11/08/2026ONTSLAGEN - BENOEMINGEN
- Other29/08/2025DIVERSEN
- Mandates13/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates24/02/2023ONTSLAGEN - BENOEMINGEN
- Restructuring01/09/2021DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring27/05/2021RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates09/07/2020ONTSLAGEN - BENOEMINGEN
- Mandates23/07/2019ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202516,7 M €↑
- 2024Annual accounts 20241,8 M €↓
- 01/01/2024nominationMG RE Investment BV — niet-statutaire bestuurder
- 2023Annual accounts 20237,9 M €↓
- 2022Annual accounts 202219,8 M €↓
- 17/06/2022nominationMea Vota One BV — bestuurder
- 2021Annual accounts 202125 M €↑
- 2020Annual accounts 20201,5 M €↑
- 2019Annual accounts 2019-1,3 M €↓
- 2018Annual accounts 20182,7 M €↑
- 2017Annual accounts 2017-1,3 M €↓
- 2016Annual accounts 20164,9 M €↑
- 2015Annual accounts 2015966,1 k €↑
- 2014Annual accounts 201476 k €↓
- 2013Annual accounts 2013285,1 k €↓
- 2012Annual accounts 2012447,4 k €↑
- 2011Annual accounts 201141,5 k €↑
- 2010Annual accounts 201036 k €↓
- 2009Annual accounts 2009922,7 k €↑
- 2008Annual accounts 2008311,4 k €↑
- 2007Annual accounts 2007-44,5 k €
- 12/11/2003IncorporationPublic limited company