ACTIVE

M.G. BUILD

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Financial year 2025 · closed on 31/12/2025

Net result

-28,5 k €

-123.0% YoY

Gross margin

2,2 M €

+1.5% YoY

Equity

289,6 k €

-9.0% YoY

Workforce

13,3 ETP

+9.9% YoY

What does M.G. BUILD do?

M.G. BUILD is a Private limited company incorporated in 2008. Its registered office is in Gent. It employs on average 13,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.650.155

Incorporation

05/08/2008

Legal form

Private limited company

Registered office

Esplanade Oscar Van de Voorde 1
9000 Gent · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,3 ETP

Joint committees (2)

Signals

Good liquidityPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	2,2 M €	+1.5%	2,1 M €	-2.9%	2,2 M €	+14.8%	1,9 M €	+44.0%	1,3 M €	+28.5%	1 M €	+43.9%	713,9 k €	-8.2%	777,8 k €	-22.6%	1 M €	+17.9%	852 k €	+3709%	22,4 k €	-49.8%	44,5 k €	-94.9%	869,9 k €	-6.0%	925,3 k €	+17.2%	789,3 k €	+54.2%	511,9 k €	-27.7%	707,7 k €
EBITDA	278,6 k €	-12.2%	317,3 k €	+55.3%	204,4 k €	+56.0%	131 k €	+16.0%	112,9 k €	+15.9%	97,5 k €	+743%	-15,2 k €	-211%	13,6 k €	-87.5%	109,1 k €	+248%	31,3 k €	+191%	10,8 k €	+210%	3,5 k €	-93.9%	57,1 k €	-43.3%	100,7 k €	+53.7%	65,5 k €	+68.6%	38,8 k €	-34.2%	59 k €
Operating result	268,4 k €	-11.2%	302,2 k €	+66.8%	181,2 k €	+64.1%	110,4 k €	+10.7%	99,7 k €	+13.4%	87,9 k €	+478%	-23,3 k €	-271%	13,6 k €	-87.5%	108,5 k €	+359%	23,6 k €	+666%	3,1 k €	-11.1%	3,5 k €	-93.9%	57,1 k €	-40.4%	95,8 k €	+106%	46,5 k €	+88.8%	24,6 k €	-46.3%	45,9 k €
Net result	-28,5 k €	-123%	123,9 k €	+199%	41,4 k €	+73.8%	23,8 k €	-27.4%	32,8 k €	-10.0%	36,4 k €	+190%	-40,4 k €	-291%	-10,3 k €	-125%	40,8 k €	+858%	-5,4 k €	+38.9%	-8,8 k €	-1071%	-752 €	-104%	18,6 k €	-5.1%	19,6 k €	+173%	7,2 k €	+34.9%	5,3 k €	-64.7%	15,1 k €
Balance sheet
Equity	289,6 k €	-9.0%	318,1 k €	+63.8%	194,2 k €	+27.1%	152,8 k €	+18.5%	128,9 k €	+34.1%	96,1 k €	+61.0%	59,7 k €	-40.3%	100,1 k €	-9.4%	110,4 k €	+58.7%	69,6 k €	-7.2%	75 k €	-10.5%	83,8 k €	-0.9%	84,5 k €	+28.3%	65,9 k €	+42.5%	46,2 k €	+18.4%	39,1 k €	+15.8%	33,7 k €
Total assets	1,1 M €	-9.7%	1,3 M €	-3.2%	1,3 M €	+9.8%	1,2 M €	-3.8%	1,2 M €	+79.5%	686,5 k €	+91.9%	357,7 k €	-51.6%	739,7 k €	-0.6%	744,2 k €	-30.9%	1,1 M €	+1173%	84,6 k €	-35.7%	131,5 k €	-44.4%	236,5 k €	-25.3%	316,5 k €	-69.2%	1 M €	+34.1%	767,1 k €	+203%	253 k €
Cash	554,1 k €	+188%	192,7 k €	-81.9%	1,1 M €	+202%	352,2 k €	+37.5%	256,2 k €	+71.8%	149,1 k €	-1.9%	152 k €	-70.9%	522,4 k €	+837%	55,8 k €	-6.4%	59,6 k €	+351%	13,2 k €	-35.9%	20,6 k €	-23.4%	26,9 k €	-3.8%	28 k €	-27.6%	38,6 k €	-57.1%	90,1 k €	+504%	14,9 k €
Debts	847,7 k €	-10.0%	941,7 k €	-14.9%	1,1 M €	+7.2%	1 M €	-6.4%	1,1 M €	+86.9%	590,4 k €	+98.1%	298 k €	-53.4%	639,6 k €	+0.9%	633,8 k €	-37.1%	1 M €	+10369%	9,6 k €	-79.8%	47,7 k €	-68.6%	152 k €	-39.4%	250,7 k €	-74.5%	982,3 k €	+34.9%	728,1 k €	+232%	219,3 k €
Other
Workforce	13,3 ETP	+9.9%	12,1 ETP	-22.9%	15,7 ETP	+4.0%	15,1 ETP	+33.6%	11,3 ETP	+20.2%	9,4 ETP	+27.0%	7,4 ETP	-11.9%	8,4 ETP	-18.4%	10,3 ETP	+14.4%	9,0 ETP	+4400%	0,2 ETP	-83.3%	1,2 ETP	-91.1%	13,5 ETP	+9.8%	12,3 ETP	-4.7%	12,9 ETP	+29.0%	10,0 ETP	+14.9%	8,7 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 · 1 active · 2 ended

Active mandates

Ignace De Paepe

Director

Active

Ended mandates

Ignace De Paepe

Manager · since 11 juillet 2008

Ended

Ignace De Paepe

Manager

Ended

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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	15/06/2026	12/08/2025	12/08/2024	19/06/2023	29/06/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	12/08/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	07/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	17/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	10/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	30/08/2010	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 · 1 active · 2 ended

Active mandates

Ignace De Paepe

Director

Active

Ended mandates

Ignace De Paepe

Manager · since 11 juillet 2008

Ended

Ignace De Paepe

Manager

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
Mandates21/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/08/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other14/08/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-28,5 k €↓
2024
Annual accounts 2024123,9 k €↑
2023
Annual accounts 202341,4 k €↑
2022
Annual accounts 202223,8 k €↓
2021
Annual accounts 202132,8 k €↓
2020
Annual accounts 202036,4 k €↑
2019
Annual accounts 2019-40,4 k €↓
2018
Annual accounts 2018-10,3 k €↓
2017
Annual accounts 201740,8 k €↑
2016
Annual accounts 2016-5,4 k €↑
2015
Annual accounts 2015-8,8 k €↓
2014
Annual accounts 2014-752 €↓
2013
Annual accounts 201318,6 k €↓
2012
Annual accounts 201219,6 k €↑
2011
Annual accounts 20117,2 k €↑
2010
Annual accounts 20105,3 k €↓
2009
Annual accounts 200915,1 k €
05/08/2008
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

M.G. BUILD

Overview

What does M.G. BUILD do?

Trend over 17 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