MAGE CONSTRUCT
ActiveMAGE CONSTRUCT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.53M and a net result of €38k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 2162 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-2
Solvency91▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 3.03 in 2024; short-term debt: 33.9% and cash: 9.6% of total assets), and 33.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.1%
Return on assets
1.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
164 d late
2021
31 d late
2020
123 d late
2019
87 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€38k▼ 45.1%
2024 · €69k
2018: €126k
2019: €190k
2020: €163k
2021: €263k
2022: €68k
2023: €48k
2024: €69k
2018 → 2025
Working capital
€1.46M▲ 3.9%
2024 · €1.41M
2018: €753k
2019: €935k
2020: €1.02M
2021: €1.20M
2022: €1.27M
2023: €1.32M
2024: €1.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.31M-€1.38M▲ 5.2%€1.43M▲ 3.4%€1.50M▲ 4.9%€1.53M▲ 2.5%
Operating result€379k-€110k▼ 71.0%€77k▼ 30.0%€109k▲ 41.6%€73k▼ 33.1%
Net result€263k-€68k▼ 74.1%€48k▼ 30.0%€69k▲ 45.6%€38k▼ 45.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€70k▼ 19.9%
Current assets
€2.25M▲ 7.0%
Equity and liabilities €2.32M
Equity
€1.53M▲ 2.5%
Debt
€786k▲ 13.3%
The debt ratio rises from 31.7% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k▼
2024 · €131k
Cash flow
€58k▼
2024 · €91k
Solvency
66.1%▼
2024 · 68.3%
Current ratio
2.86▼
2024 · 3.03
Quick ratio
2.86▼
2024 · 3.03
Debt / equity
0.51▲
2024 · 0.46
ROE
2.5%▼
2024 · 4.6%
ROA
1.6%▼
2024 · 3.2%
Interest coverage
9.00▼
2024 · 18.52
Debt
€786k▲
2024 · €694k
Debt ≤ 1 year
€786k▲
2024 · €694k
Income taxes
€25k▼
2024 · €33k
Staff costs
€217k▲
2024 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.19M€2.32M▲
Fixed assets21/28€87k€70k▼
Tangible fixed assets22/27€65k€47k▼
Plant, machinery and equipment23€14k€6k▼
Furniture and vehicles24€9k€5k▼
Other tangible fixed assets26€42k€36k▼
Financial fixed assets28€23k€23k=
Current assets29/58€2.10M€2.25M▲
Amounts receivable within one year40/41€1.65M€1.99M▲
Trade receivables40€917k€1.18M▲
Other amounts receivable41€730k€807k▲
Cash at bank and in hand54/58€403k€223k▼
Deferred charges and accrued income490/1€53k€42k▼
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.32M▲
Equity10/15€1.50M€1.53M▲
Contributions10/11€19k€19k=
Reserves13€362k€383k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€360k€212k▼
Distributable reserves133-€168k
Profit (loss) carried forward14€1.12M€1.13M▲
Amounts payable17/49€694k€786k▲
Amounts payable within one year42/48€694k€786k▲
Current portion of amounts payable after more than one year42€94k-
Trade debts44€570k€759k▲
Suppliers440/4€409k€458k▲
Bills of exchange payable441€161k€300k▲
Advances received on contracts in progress46-€21k
Taxes, remuneration and social security45€29k€1k▼
Taxes450/3€19k-
Remuneration and social security454/9€10k€1k▼
Other amounts payable47/48€1k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€114k€217k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€37k€33k▼
Gross operating margin9900€282k€343k▲
Operating profit (loss)9901€109k€73k▼
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€102k€63k▼
Income taxes67/77€33k€25k▼
Profit (loss) for the period9904€69k€38k▼
Transfer from tax-exempt reserves789-€168k
Transfer to tax-exempt reserves689€46k€20k▼
Profit (loss) for the period to be appropriated9905€23k€186k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.12M€1.30M▲
Profit (loss) brought forward from the previous period14P€1.09M€1.12M▲
Transfer to equity691/2-€168k
To other reserves6921-€168k
Social balance
Average headcount (FTE)90872.01.0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €38k ▼45.1%
Net result drops to €38k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 164 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €263k ▲61.7%
Operating result €379k, net result €263k, both a record.
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 123 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
31-12
Financial
Equity above €1MEq €1.01M ▲23.1%
2 profitable years in a row build equity to €1.01M.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 65 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Frameries · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Jules Cousin 187080 FrameriesGround area
180 m²
Building footprint
232 m²
Volume, LiDAR
1,742 m³
Parcel 53045C1146/00M002, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAGE CONSTRUCT
since 20052.148.680.454
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C1146/00M002 | Wallonia | 180 m² | 1 · 232 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BULLES
BE 0478.505.057
Gent · Eq €1.53M
RENOVATION DE CONSTRUCTION
BE 0866.799.819
Mons · Eq €1.53M
MATTHYS PROJECTEN
BE 0455.982.152
Kruisem · Eq €1.54M
Andrebo - Beheer
BE 0445.260.880
Hove · Eq €1.53M
JOS DEJONGH BOUWONDERNEMING
BE 0441.457.391
Kalmthout · Eq €1.54M
Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 4,889 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2004
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
41001General construction of residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.