MAGI
ActiveSummary
MAGI has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €173,785, of which €646,363 non-recurring income. Equity has been growing by about 30% per year since 2019. Its solvency ranks better than 41% of 1,240 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 06-01-1997 Normal situation
- Activity
- Manufacture of metal structures and parts of structures NACE 25110and 2 others
- Establishment unit
- 2.079.869.743 8820 Torhout, since 09-01-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Board and ownership
- Euroshuffle BVDirector · since 10-11-2021
- MJ service10%· score 842025 annual accounts of MJ service
- Holdings
- Shares in 2 companies MAGI CONSTRUCT and Packo Immo Schatting
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €892,663
- ▼ 59.1%
- Turnover
- ≈ €2.1m
- estimated
- Profit
- €173,785
- ▼ 86.1%
- Equity
- €3.2m
- ▲ 5.8%
- Total assets
- €8.1m
- ▲ 12.1%
Score breakdownraises riskLiquidity: current ratio 0.38, cash €227,9021 change of registered office in 24 monthslowers riskSize: total assets €8.1mFigures for financial year 2025 (filed on 30-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 44% of them on solvency, 49% on liquidity, 42% on profitability and 55% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Registered office moved from Jabbeke to TorhoutNew registered office: Ringaertstraat 12, 8820 Torhout · Previous registered office: Oude Stokerijstraat 27, 8490 Jabbeke
- · Gazette deed Resignation: Stubbe Nico Construct BV (director)Director discharge: Stubbe Nico Construct BV
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MAGI: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €2.4m and €12m, founded between 1994 and 2009.
| Company | Total assets | Gross margin |
|---|---|---|
| MAGI Torhout | €8.1m | €0.9m |
| VANROBAEYS BART Poperinge | €12.3m | €1.2m |
| Vanbesien Zuienkerke | €6.1m | €0.9m |
| QUINTYN BOTHUYNE GEBROEDERS Zulte | €3.3m | €0.6m |
| VERBECON METAALCONSTRUCTIE Zonnebeke | €3.3m | €1.1m |
| ENTREPRISE BORAINE DE MECANIQUE Quiévrain | €6.1m | €0.9m |
| DAVIATION Roeselare | €2.4m | €1.1m |
Key facts about MAGI
- What is the company number of MAGI?
- The company number of MAGI is 0459.519.583. The VAT number is the same number with BE in front: BE 0459.519.583.
- Where is MAGI based?
- The registered office is at Ringaertstraat 12, 8820 Torhout.Company details
- What does MAGI do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of MAGI?
- MAGI is a private limited company (BV).
- When was MAGI founded?
- MAGI was founded on 06-01-1997.
- Is MAGI still active?
- Yes, MAGI is an active enterprise in the KBO register.
- What is the turnover of MAGI?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €892,663 and 2,281 comparable companies of the same size. It probably lies between €1.3m and €3.6m. It is a rough estimate.Financials
- Is MAGI profitable?
- In financial year 2025, MAGI made a profit of €173,785.
- Where can I find the annual accounts of MAGI?
- MAGI filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAGI due?
- MAGI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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