Annual Financial Statements 2025 (Short Report) - MBG Mittelständische Beteiligungsgesellschaft Hamburg (MBG Hamburg)

Summary

• MBG Hamburg provides capital to small and medium-sized enterprises through silent participations, focusing on companies in northern Germany, especially Hamburg.p.3
• German real GDP grew by 0,2 percent compared with the previous year, after two years of recession.p.3
• The annual result rose by 315 thousand euro to 409 thousand euro.p.6
• Participation income was 617 thousand euro, of which 78 percent came from fixed fees and 22 percent from variable fees.p.6
• The equity ratio fell to 47,8 percent (2024: 49,1 percent) because of higher liabilities.p.6
• MBG Hamburg aims for 30 percent growth in its participation portfolio through new business.p.7

Key insights

1. New participations approved had a volume of 2,9 million euro (2024: 6,2 million euro).p.5
2. 11 approvals with a volume of 850 thousand euro came from the Mikromezzaninfonds II Deutschland.p.5
3. Micro-mezzanine financing takes the form of silent participations of up to 150 thousand euro.p.5
4. The volume of silent participations fell by 1.085 thousand euro to 5.976 thousand euro, 45,8 percent of total assets.p.6
5. Liabilities to credit institutions rose by 840 thousand euro, and their share of total assets increased from 13,3 percent to 18,5 percent.p.6
6. The City of Hamburg loan accounts for 33,5 percent of total assets and secures the financial position.p.6
7. Participations of 1,17 million euro expire in 2026.p.7
8. The company employed an average of 2 staff in the reporting year (previous year 2).p.14