Equity
-€293,766
Debts exceed assets in financial year 2025.
CS MAG
Lifetime
10 annual accounts with figures on one time axispeak €641,871 (2023)
€597,079▲ 49.5%
lowest -€148,155 (2024)
-€120,717▲ €27,437
peak €72,629 (2021)
-€293,766▼ €120,717
€1.3m▲ 25.6%
peak 16.6 FTE (2020)
0 FTE
Board5 names since 2015
2 directors and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €399,434 to €597,079Loss of €120,717Registered office moved from Gembloux to Floreffe 31-12Equity from -€173,049 to -€293,766Debts from €997,873 to €1.3mInvestments €190,239
Key points
from the 2025 annual accountsLosses
-€268,872 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€1.3m 131% of the balance sheet
Financial debts 24%Suppliers 46%Taxes and wages 0%Other 30%
Of this, €951,788 falls due within a year.
Investments
€189,169 9.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 5959.0% higher than in 2024.
Filings
10 annual accounts 8 late
The 2017 accounts came latest: 31 days after the end of the period.
Position in the sector
-€293,766
Less equity than 95% of companies in retail trade. Sector median €314,776 · 13,249 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 600 companies had the same profile as CS MAG has now. Each dot stands for 2 companies, two years later.
83.2%
were still trading
6.3%
stopped another way
9.3%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 600 companies, not a prediction for CS MAG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Manager
Manager
- 50 sharesdeed of 29-02-2024
- 50 sharesdeed of 29-02-2024
Recent changes
Registered office moved from Gembloux to Floreffe
New registered office: Rue Robersart 96, 5150 Floreffe · Previous registered office: Chaussée de Nivelles, Mazy 2 bus b, 5032 Gembloux · General meeting of 01-10-2025 · Gazette deed
Legal-form change · Resignations & appointments
holds 50 shares · holds 50 shares · Board composition: (director) · General meeting of 23-02-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0644704263
Appointment: (manager)
General meeting of 01-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CS MAG Floreffe | €1.0m | €597,079 | -30.6% | 0 |
| GO PRESSE Jemeppe-sur-Sambre | €0.7m | €852,595 | -0.1% | 0 |
| BM PRESSE Sambreville | €0.8m | €991,621 | 17.1% | 0 |
| S&J Store Neupré | €0.6m | €480,618 | 24.9% | 0 |
| EURO GOOD TRADE Floreffe | €1.4m | €978,626 | -5.7% | 0 |
| COFFEE CITY Koekelberg | €0.9m | €606,514 | 30.9% | - |
| ELBACO Vorselaar | €1.5m | €361,107 | 57.2% | 1.2 |
These companies have the same main activity as CS MAG: retail sale of newspapers and periodicals (NACE 47621). They are comparable in size and age: total assets between €580,000 and €1.5m, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 21-12-2015Normal situation
- Activity
- Retail sale of newspapers and periodicalsNACE 47621and 3 others
- Establishment units
- 2.296.982.0711300 Wavre, since 06-01-2020
- 2.296.982.1701330 Rixensart, since 06-01-2020and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on CS MAG
CS MAG files the abbreviated format. That format states no turnover. The gross margin rose from €38,945 in 2016 to €597,079 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CS MAG
- What is the company number of CS MAG?
- The company number of CS MAG is 0644.704.263. The VAT number is the same number with BE in front: BE 0644.704.263.
- Where is CS MAG based?
- The registered office is at Rue Robersart 96, 5150 Floreffe.Company details
- What does CS MAG do?
- According to the KBO register, the main activity is retail sale of newspapers and periodicals (NACE 47621).
- What is the legal form of CS MAG?
- CS MAG is a private limited company (BV).
- When was CS MAG founded?
- CS MAG was founded on 21-12-2015.
- Is CS MAG still active?
- Yes, CS MAG is an active enterprise in the KBO register.
- How many employees does CS MAG have?
- CS MAG had an average of 8.9 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of CS MAG?
- The turnover in financial year 2025 is ≈ €4.0m. This figure is estimated from the gross margin of €597,079 and 214 comparable companies (NACE 47). It probably lies between €2.2m and €6.3m. In financial year 2022 turnover was €4.7m.
- Is CS MAG profitable?
- In financial year 2025, CS MAG made a loss of €120,717.
- Where can I find the annual accounts of CS MAG?
- CS MAG filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CS MAG due?
- CS MAG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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