IMMO MAGIC
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 34 days after the deadline Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497432.
Annual accounts 2025 filed on 03-09-2026 at the NBB all 20 filings
Turnover
€188,978▲ 5.4%
2024 · €179,358
EBIT margin
78.4%▲ 1.4pp
2024 · 77.0%
Net result
€84,452▲ 5.8%
2024 · €79,822
Working capital
-€100,088▼ 0.4%
2024 · -€99,733
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€188,978
▲ 5.4%
2025
20182025
Operating result
€148,165
▲ 7.3%
2025
20182025
Net result
€84,452
▲ 5.8%
2025
20182025
EBIT margin
78.4%
▲ 1.4pp
2025
20182025
Equity
€1.4m
▲ 6.6%
2025
20182025
Total assets
€2.9m
▲ 19.9%
2025
20182025
Debt
€1.5m
▲ 34.9%
2025
20182025
Working capital
-€100,088
▼ 0.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.07m-€0.07m=€0.1m▲ 41.7%€0.1m▲ 41.2%€0.1m=€0.2m▲ 21.0%€0.2m▲ 2.9%€0.2m▲ 5.4%
Operating result€0.05m-€0.05m▲ 5.0%€0.08m▲ 51.0%€0.1m▲ 49.1%€0.1m▼ 5.2%€0.1m▲ 16.0%€0.1m▲ 5.2%€0.1m▲ 7.3%
Net result€0.03m-€0.04m▲ 9.2%€0.06m▲ 65.3%€0.7m▲ 11×€0.06m▼ 90.6%€0.07m▲ 17.9%€0.08m▲ 8.0%€0.08m▲ 5.8%
EBIT margin70.1%-73.6%▲ 3.5pp78.5%▲ 4.9pp82.9%▲ 4.4pp78.7%▼ 4.3pp75.4%▼ 3.3pp77.0%▲ 1.6pp78.4%▲ 1.4pp
Equity€0.3m-€0.3m▲ 11.5%€0.4m▲ 17.1%€1.1m▲ 166%€1.1m▲ 5.9%€1.2m▲ 6.6%€1.3m▲ 6.6%€1.4m▲ 6.6%
Total assets€0.4m-€0.4m▼ 0.2%€0.5m▲ 13.1%€2.6m▲ 442%€2.5m▼ 4.5%€2.4m▼ 2.0%€2.4m▲ 0.4%€2.9m▲ 19.9%
Debt€0.1m-€0.08m▼ 31.7%€0.07m▼ 4.4%€1.5m▲ 20×€1.3m▼ 11.9%€1.2m▼ 9.3%€1.1m▼ 5.9%€1.5m▲ 34.9%
Working capital-€0.06m--€0.04m▲ 20.9%€0.02m-€0.1m-€0.1m▲ 2.9%-€0.1m▼ 5.9%-€0.1m▲ 27.8%-€0.1m▼ 0.4%
The operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.3m ▼ 0.4%
Current assets
€562,559 ▲ 682%
Equity and liabilities €2.9m
Equity
€1.4m ▲ 6.6%
Debt
€1.5m ▲ 34.9%
Debt's share of the balance-sheet total rises from 47.0% to 52.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€157,321▲
2024 · €147,273
Cash flow
€93,608▲
2024 · €88,978
Current ratio
0.85▲
2024 · 0.42
Debt to equity
1.12▲
2024 · 0.89
ROE
6.2%▼
2024 · 6.2%
ROA
2.9%▼
2024 · 3.3%
Interest coverage
5.72▼
2024 · 6.45
Debt ≤ 1 year
€662,647▲
2024 · €171,668
Debt > 1 year
€850,895▼
2024 · €933,075
Income taxes
€36,199▲
2024 · €35,465
Customer credit
1049 days▲
2024 · 1 day
Supplier credit
6 days▲
2024 · 6 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €2.6m | €2.6m | €2.6m | €2.6m | €2.6m |
| Mortgage mandates | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m |
| Carrying value of the mortgaged assets | €373,643 | €364,487 | €355,331 | €346,175 | €337,019 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €2.0m | - | - | - | - |
| Depreciation and write-downs of the year | €9,156 | €9,156 | €9,156 | €9,156 | €9,156 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €72,000 | €72,000 | €102,000 | €144,000 | €144,000 | €174,230 | €179,358 | €188,978 | ▲ 5.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €7,528 | €18,447 | €28,062 | €26,000 | €26,934 | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,156 | €9,156 | €9,156 | €9,156 | €9,156 | €9,156 | €9,156 | €9,156 | = |
| Other operating charges640/8 | - | - | - | €7,884 | €8,066 | €9,391 | €9,387 | €9,490 | ▲ 1.1% |
| Gross operating margin9900 | €65,372 | €68,006 | €97,055 | €136,472 | €130,496 | €149,893 | €156,660 | €166,811 | ▲ 6.5% |
| Operating profit (loss)9901 | €50,506 | €53,024 | €80,076 | €119,432 | €113,274 | €131,346 | €138,117 | €148,165 | ▲ 7.3% |
| Financial income75/76B | - | - | - | €600,000 | - | - | - | - | - |
| Recurring financial income75 | - | - | - | €600,000 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €30,835 | €27,513 | €24,865 | €22,830 | €27,514 | ▲ 20.5% |
| Recurring financial charges65 | €3,406 | €1,556 | €476 | €30,835 | €27,513 | €24,865 | €22,830 | €27,514 | ▲ 20.5% |
| Profit (loss) for the period before taxes9903 | €47,100 | €51,468 | €79,600 | €688,598 | €85,761 | €106,480 | €115,287 | €120,651 | ▲ 4.7% |
| Income taxes67/77 | €14,762 | €16,151 | €21,207 | €23,624 | €23,068 | €32,547 | €35,465 | €36,199 | ▲ 2.1% |
| Profit (loss) for the period9904 | €32,338 | €35,317 | €58,394 | €664,974 | €62,693 | €73,933 | €79,822 | €84,452 | ▲ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €32,338 | €35,317 | €58,394 | €664,974 | €62,693 | €73,933 | €79,822 | €84,452 | ▲ 5.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.4m | €0.4m | €0.5m | €2.6m | €2.5m | €2.4m | €2.4m | €2.9m | ▲ 19.9% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €2.4m | €2.4m | €2.4m | €2.3m | €2.3m | ▼ 0.4% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 2.6% |
| Financial fixed assets28 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Current assets29/58 | €0.02m | €0.03m | €0.09m | €0.2m | €0.1m | €0.05m | €0.07m | €0.6m | ▲ 682% |
| Amounts receivable within one year40/41 | €0.01m | - | €0.09m | €0.2m | €0.09m | €0.05m | €0.05m | €0.5m | ▲ 979% |
| Trade receivables40 | - | - | - | - | €57 | €197 | €387 | - | - |
| Other amounts receivable41 | - | - | - | €0.2m | €0.09m | €0.05m | €0.05m | €0.5m | ▲ 987% |
| Cash at bank and in hand54/58 | €0.008m | €0.03m | €446 | €0.02m | €0.008m | €0.004m | €0.02m | €0.02m | ▼ 9.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.4m | €0.4m | €0.5m | €2.6m | €2.5m | €2.4m | €2.4m | €2.9m | ▲ 19.9% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 6.6% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.05m | €0.09m | €0.1m | ▲ 45.5% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | - | - | - | €0.04m | €0.08m | €0.1m | ▲ 50.0% |
| Profit (loss) carried forward14 | €0.2m | €0.3m | €0.3m | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 4.0% |
| Amounts payable17/49 | €0.1m | €0.08m | €0.07m | €1.5m | €1.3m | €1.2m | €1.1m | €1.5m | ▲ 34.9% |
| Amounts payable after more than one year17 | €0.04m | - | - | €1.2m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 8.8% |
| Financial debts170/4 | - | - | - | €1.2m | €1.1m | €1.0m | €0.9m | €0.9m | ▼ 8.8% |
| Amounts payable within one year42/48 | €0.08m | €0.07m | €0.07m | €0.3m | €0.2m | €0.2m | €0.2m | €0.7m | ▲ 286% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.2m | €0.1m | €0.1m | €0.08m | ▼ 38.9% |
| Financial debts43 | - | - | - | €0.2m | - | - | - | €0.5m | - |
| Credit institutions430/8 | - | - | - | €0.2m | - | - | - | €0.5m | - |
| Trade debts44 | - | - | - | - | €0.001m | €0.002m | €414 | €431 | ▲ 4.2% |
| Suppliers440/4 | - | - | - | - | €0.001m | €0.002m | €414 | €431 | ▲ 4.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.06m | €0.04m | €0.08m | ▲ 118% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.06m | €0.04m | €0.07m | ▲ 102% |
| Remuneration and social security454/9 | - | - | - | - | €0.001m | €0.002m | €0.001m | €0.008m | ▲ 700% |
| Other amounts payable47/48 | - | - | - | €0.04m | €175 | €372 | €372 | €372 | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.01m | €0.002m | €0.03m | €0.02m | ▼ 37.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.04m | €0.06m | €0.7m | €0.06m | €0.07m | €0.08m | €0.08m | ▲ 5.8% |
| + Depreciation and write-downs630 | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Operating cash flow (approximation) | €0.04m | €0.04m | €0.07m | €0.7m | €0.07m | €0.08m | €0.09m | €0.09m | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2.0m | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.02m | -€0.03m | €0.02m | -€0.02m | -€0.004m | €0.02m | -€0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-09-2026 | 2026-00497432 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00366419 | |
| 31-12-2023 | micro format | 05-10-2024 | 2024-00494672 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318404 | |
| 31-12-2021 | micro format | 06-01-2023 | 2023-20553972 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60700480 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62100117 | |
| 31-12-2018 | micro format | 10-09-2019 | 2019-63800449 | |
| 31-12-2017 | micro format | 30-06-2018 | 2018-27500207 | |
| 31-12-2016 | micro format | 26-06-2017 | 2017-21000448 |