ACTIVE

MG SERVICES

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
504,6 k €
+3538.4% YoY
Gross margin
1,2 M €
+240.6% YoY
Equity
4,5 M €
+12.5% YoY
Workforce
3,2 ETP
+146.2% YoY

What does MG SERVICES do?

MG SERVICES is a Public limited company incorporated in 2007. Its main activity is: Data processing, hosting and related activities. Its registered office is in Gent. It employs on average 3,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0888.065.880
Incorporation
19/03/2007
Legal form
Public limited company
Registered office
Esplanade Oscar Van de Voorde 1
9000 Gent · FlandreSee on map
Contributed capital
3 038 000,00 €
Latest accounts
31/12/2025
Average workforce
3,2 ETP
Activities (NACE)
63112Data processing, hosting and related activities· main68100Buying and selling of own real estate68110Buying and selling of own real estate68321Management of real estate on a fee or contract basis68321Management of real estate on a fee or contract basis52249Cargo handling+7
Joint committees (1)
  • 323
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin1,2 M €341,9 k €405,5 k €253 k €115,6 k €-50,5 k €-3,7 k €-34,5 k €-52,1 k €-41,5 k €316,9 k €1,1 M €824,7 k €244 k €-4,7 k €-3,1 k €-4,2 k €-240,5 k €
EBITDA845,1 k €185,2 k €282,4 k €139,6 k €83,2 k €-50,7 k €-5,3 k €-34,9 k €-53,2 k €-42,3 k €315,8 k €1 M €820,7 k €243 k €-5,1 k €-3,5 k €-7,7 k €-241,4 k €
Operating result841,7 k €182,1 k €276,8 k €134,6 k €78,2 k €-55,7 k €-10,3 k €-34,9 k €-53,2 k €-42,3 k €315,8 k €1 M €820,7 k €243 k €-5,1 k €-3,5 k €-7,7 k €-241,4 k €
Net result504,6 k €13,9 k €93,1 k €44,9 k €111,4 k €72,3 k €174,6 k €2,2 M €6,7 M €1 M €270,9 k €157,7 k €-54,1 k €33,3 k €-6,7 k €259,5 k €-8,3 k €-268,4 k €
Balance sheet
Equity4,5 M €4 M €4 M €3,9 M €3,9 M €5,3 M €13,2 M €13 M €10,8 M €4,1 M €3 M €2,9 M €3 M €3 M €38,2 k €44,8 k €-214,6 k €-206,4 k €
Total assets7,9 M €6,9 M €7,2 M €7,3 M €8,3 M €15,8 M €17,1 M €16,8 M €14,5 M €21,5 M €30,3 M €23,2 M €34,4 M €34 M €22,9 M €3,3 M €474,3 k €304,9 k €
Cash151,5 k €54,8 k €388 k €156,9 k €54,4 k €101,7 k €102,9 k €69,6 k €48,3 k €503,9 k €2,7 M €63,5 k €108 k €1,8 M €221,3 k €5,7 k €4,5 k €2,8 k €
Debts3,4 M €2,9 M €3,2 M €3,4 M €4,4 M €10,5 M €3,9 M €3,8 M €3,6 M €16,9 M €26,4 M €18,9 M €31,4 M €30,8 M €22,7 M €3,3 M €688,9 k €511,3 k €
Other
Workforce3,2 ETP1,3 ETP1,0 ETP1,0 ETP0,3 ETP–––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

MG RE Investment

Managing director · since 01 janvier 2024 · until 09 juin 2028 · 1003.164.892

Represented by Ignace De Paepe

Active
MEA VOTA ONE

Director · since 10 juin 2022 · until 09 juin 2028 · 0562.896.146

Represented by Anja Tackaert

Active
PRODIT

Director · since 10 juin 2022 · until 09 juin 2028 · 0500.655.404

Represented by Ignace Tytgat

Active
SCS

Director · since 10 juin 2022 · until 09 juin 2028 · 0808.803.717

Represented by Stacey Smits

Active

Ended mandates

MG INVESTMENT

Managing director · since 10 juin 2022 · until 09 juin 2028 · 0540.841.316

Represented by Ignace De Paepe

Ended
MG INVESTMENT

Managing director · since 10 juin 2022 · until 31 décembre 2023 · 0540.841.316

Represented by Ignace De Paepe

Ended
PRODIT

Director · since 04 juillet 2018 · until 10 juin 2022 · 0500.655.404

Represented by Ignace Tytgat

Ended
PRODIT

Director · since 04 juillet 2018 · until 10 juin 2022 · 0500.655.404

Represented by Ignace Tytgat

Ended
At this address

Other companies at this address

CompanyCBE 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
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202612/08/202512/08/202419/06/202329/06/202207/07/2021
General meeting12/06/202613/06/202514/06/202409/06/202317/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/06/202615/06/2026DutchPDF
Abridged model31/12/202413/06/202512/08/2025DutchPDF
Abridged model31/12/202314/06/202412/08/2024DutchPDF
Abridged model31/12/202209/06/202319/06/2023DutchPDF
Abridged model31/12/202117/06/202229/06/2022DutchPDF
Abridged model31/12/202011/06/202107/07/2021DutchPDF
Abridged model31/12/201912/06/202002/07/2020DutchPDF
Abridged model31/12/201814/06/201902/07/2019DutchPDF
Abridged model31/12/201708/06/201828/06/2018DutchPDF
Abridged model31/12/201609/06/201726/06/2017DutchPDF
Abridged model31/12/201510/06/201622/07/2016DutchPDF
Abridged model31/12/201412/06/201524/07/2015DutchPDF
Abridged model31/12/201313/06/201417/08/2014DutchPDF
Abridged model31/12/201214/06/201331/07/2013DutchPDF
Abridged model31/12/201108/06/201210/08/2012DutchPDF
Abridged model31/12/201010/06/201127/07/2011DutchPDF
Abridged model31/12/200911/06/201030/07/2010DutchPDF
Abridged model31/12/200812/06/200916/10/2009DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 4 active · 29 ended

Active mandates

MG RE Investment

Managing director · since 01 janvier 2024 · until 09 juin 2028 · 1003.164.892

Represented by Ignace De Paepe

Active
MEA VOTA ONE

Director · since 10 juin 2022 · until 09 juin 2028 · 0562.896.146

Represented by Anja Tackaert

Active
PRODIT

Director · since 10 juin 2022 · until 09 juin 2028 · 0500.655.404

Represented by Ignace Tytgat

Active
SCS

Director · since 10 juin 2022 · until 09 juin 2028 · 0808.803.717

Represented by Stacey Smits

Active

Ended mandates

MG INVESTMENT

Managing director · since 10 juin 2022 · until 09 juin 2028 · 0540.841.316

Represented by Ignace De Paepe

Ended
MG INVESTMENT

Managing director · since 10 juin 2022 · until 31 décembre 2023 · 0540.841.316

Represented by Ignace De Paepe

Ended
PRODIT

Director · since 04 juillet 2018 · until 10 juin 2022 · 0500.655.404

Represented by Ignace Tytgat

Ended
PRODIT

Director · since 04 juillet 2018 · until 10 juin 2022 · 0500.655.404

Represented by Ignace Tytgat

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/09/2017
    BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/08/2016
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025504,6 k €↑
  2. 2024
    Annual accounts 202413,9 k €↓
  3. 2023
    Annual accounts 202393,1 k €↑
  4. 2022
    Annual accounts 202244,9 k €↓
  5. 2021
    Annual accounts 2021111,4 k €↑
  6. 2020
    Annual accounts 202072,3 k €↓
  7. 2019
    Annual accounts 2019174,6 k €↓
  8. 2018
    Annual accounts 20182,2 M €↓
  9. 2017
    Annual accounts 20176,7 M €↑
  10. 2016
    Annual accounts 20161 M €↑
  11. 2015
    Annual accounts 2015270,9 k €↑
  12. 2014
    Annual accounts 2014157,7 k €↑
  13. 2013
    Annual accounts 2013-54,1 k €↓
  14. 2012
    Annual accounts 201233,3 k €↑
  15. 2011
    Annual accounts 2011-6,7 k €↓
  16. 2010
    Annual accounts 2010259,5 k €↑
  17. 2009
    Annual accounts 2009-8,3 k €↑
  18. 2008
    Annual accounts 2008-268,4 k €
  19. 19/03/2007
    IncorporationPublic limited company