ACTIVE

BE MG

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Financial year 2025 · closed on 31/12/2025

Net result

8,6 k €

-43.8% YoY

Gross margin

26,3 k €

-18.7% YoY

Equity

44,6 k €

+23.8% YoY

What does BE MG do?

BE MG is a Private limited company incorporated in 2006. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.865.818

Incorporation

09/03/2006

Legal form

Private limited company

Registered office

Avenue Louise 347 box 6
1050 Ixelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	26,3 k €	-18.7%	32,3 k €	-8.8%	35,4 k €	+141%	14,7 k €	+242%	4,3 k €	-50.9%	8,8 k €	+764%	-1,3 k €	-125%	5,3 k €	-82.1%	29,6 k €	+11.0%	26,7 k €	+296%	6,7 k €	-29.8%	9,6 k €	-4.0%	10 k €	+15.7%	8,6 k €	-47.6%	16,5 k €	+117%	7,6 k €	-27.1%	10,4 k €	-64.9%	29,6 k €	+5.6%	28,1 k €	+25.4%	22,4 k €
EBITDA	25,9 k €	-14.5%	30,3 k €	-10.6%	33,8 k €	+160%	13 k €	+675%	1,7 k €	-65.5%	4,9 k €	+178%	-6,3 k €	-4454%	-138 €	-105%	2,6 k €	+356%	-1 k €	+11.6%	-1,2 k €	-114%	8,5 k €	-5.1%	8,9 k €	+14.5%	7,8 k €	-46.9%	14,7 k €	+141%	6,1 k €	+233%	1,8 k €	-80.5%	9,4 k €	-14.0%	10,9 k €	+51.7%	7,2 k €
Operating result	20,1 k €	-23.9%	26,4 k €	+1.6%	26 k €	+402%	5,2 k €	+180%	-6,5 k €	-362%	2,5 k €	+135%	-7 k €	-711%	-865 €	-145%	1,9 k €	+214%	-1,7 k €	-12.0%	-1,5 k €	-164%	2,3 k €	-11.5%	2,6 k €	+76.3%	1,5 k €	-81.8%	8,2 k €	+4058%	-208 €	+96.7%	-6,3 k €	-514%	1,5 k €	-54.6%	3,3 k €	+358%	-1,3 k €
Net result	8,6 k €	-43.8%	15,2 k €	+4.6%	14,6 k €	+690%	1,8 k €	+120%	-9,2 k €	-307733%	3 €	+100%	-4,1 k €	-382%	1,5 k €	+1088%	123 €	-33.2%	184 €	+636%	25 €	+213%	8 €	-98.6%	574 €	+548%	-128 €	-102%	5,3 k €	+10582%	-51 €	+99.3%	-7,1 k €	-1848%	-366 €	-137%	985 €	+153%	-1,9 k €
Balance sheet
Equity	44,6 k €	+23.8%	36,1 k €	+73.1%	20,8 k €	+232%	6,3 k €	+41.6%	4,4 k €	-67.6%	13,7 k €	+986%	1,3 k €	-76.6%	5,4 k €	+37.3%	3,9 k €	+3.2%	3,8 k €	+5.1%	3,6 k €	+0.7%	3,6 k €	+0.2%	3,6 k €	+19.1%	3 k €	-4.1%	3,1 k €	+241%	-2,2 k €	-2.4%	-2,2 k €	-144%	5 k €	-6.9%	5,3 k €	+22.7%	4,3 k €
Total assets	335,9 k €	+141%	139,3 k €	+24.9%	111,5 k €	+135%	47,4 k €	+22.1%	38,8 k €	-36.8%	61,4 k €	+655%	8,1 k €	-2.0%	8,3 k €	+21.4%	6,8 k €	-20.7%	8,6 k €	-35.8%	13,4 k €	-30.3%	19,3 k €	+7.5%	17,9 k €	-6.7%	19,2 k €	-29.6%	27,3 k €	-4.0%	28,4 k €	+130%	12,3 k €	-53.6%	26,6 k €	-15.0%	31,3 k €	-14.5%	36,6 k €
Cash	58,7 k €	-19.2%	72,6 k €	+7563%	948 €	-90.4%	9,8 k €	+74.3%	5,6 k €	+37.6%	4,1 k €	+27.4%	3,2 k €	-44.0%	5,7 k €	+58.9%	3,6 k €	-45.7%	6,7 k €	+105%	3,2 k €	-70.9%	11,2 k €	+1191%	864 €		–		–		179 €	-31.7%	262 €	-96.0%	6,6 k €	+18.4%	5,6 k €	+166%	2,1 k €
Debts	291,2 k €	+182%	103,2 k €	+13.8%	90,7 k €	+121%	41,1 k €	+19.6%	34,4 k €	-28.0%	47,8 k €	+595%	6,9 k €	+135%	2,9 k €	+0.1%	2,9 k €	-39.5%	4,8 k €	-50.9%	9,8 k €	-37.4%	15,7 k €	+9.3%	14,3 k €	-11.4%	16,2 k €	-32.9%	24,1 k €	-21.2%	30,6 k €	+111%	14,5 k €	-32.9%	21,6 k €	-16.6%	25,9 k €	-19.5%	32,2 k €
Other
Workforce	–		–		–		–		–		–		–		0,1 ETP	-90.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Michael Gunel

Director · since 05 septembre 2014

Active

Ended mandates

GABRIEL GUNEL

Manager · since 09 mars 2006

Ended

GABRIEL GUNEL

Manager

Ended

MICHAEL GUNEL

Mandate

Ended

At this address

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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	04/06/2026	21/05/2025	27/05/2024	24/04/2023	23/06/2022	29/04/2021
General meeting	01/06/2026	13/03/2025	02/05/2024	20/04/2023	15/06/2022	28/04/2021
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	01/06/2026	04/06/2026	French	PDF
Abridged model	31/12/2024	13/03/2025	21/05/2025	French	PDF
Abridged model	31/12/2023	02/05/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	20/04/2023	24/04/2023	French	PDF
Abridged model	31/12/2021	15/06/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	28/04/2021	29/04/2021	French	PDF
Abridged model	31/12/2019	31/03/2020	02/04/2020	French	PDF
Abridged model	31/12/2018	07/05/2019	11/05/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	15/05/2018	French	PDF
Abridged model	31/12/2016	20/02/2017	01/03/2017	French	PDF
Abridged model	31/12/2015	25/02/2016	08/03/2016	French	PDF
Abridged model	31/12/2014	07/04/2015	08/04/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	01/07/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	27/07/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	15/07/2010	French	PDF
Abridged model	31/12/2007	15/05/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	20/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 ended

Active mandates

Michael Gunel

Director · since 05 septembre 2014

Active

Ended mandates

GABRIEL GUNEL

Manager · since 09 mars 2006

Ended

GABRIEL GUNEL

Manager

Ended

MICHAEL GUNEL

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/04/2026
SIEGE SOCIAL
PDF
Other17/04/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - OBJET
PDF
Capital / shares12/07/2022
CAPITAL, ACTIONS
PDF
Capital / shares10/10/2018
CAPITAL, ACTIONS
PDF
Capital / shares15/04/2015
CAPITAL, ACTIONS
PDF
Mandates30/03/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other21/03/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20258,6 k €↓
2024
Annual accounts 202415,2 k €↑
2023
Annual accounts 202314,6 k €↑
2023
Name changeBE MG
2022
Annual accounts 20221,8 k €↑
2021
Annual accounts 2021-9,2 k €↓
2021
Name changeTIBELL
2020
Annual accounts 20203 €↑
2019
Annual accounts 2019-4,1 k €↓
2018
Annual accounts 20181,5 k €↑
2017
Annual accounts 2017123 €↓
2016
Annual accounts 2016184 €↑
2015
Annual accounts 201525 €↑
2014
Annual accounts 20148 €↓
2013
Annual accounts 2013574 €↑
2012
Annual accounts 2012-128 €↓
2011
Annual accounts 20115,3 k €↑
2010
Annual accounts 2010-51 €↑
2009
Annual accounts 2009-7,1 k €↓
2008
Annual accounts 2008-366 €↓
2007
Annual accounts 2007985 €↑
2006
Annual accounts 2006-1,9 k €
09/03/2006
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

BE MG

Overview

What does BE MG do?

Trend over 20 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