MAGE CONSTRUCT
ActiveSummary
MAGE CONSTRUCT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €38,026. Equity has been growing by about 7.3% per year since 2018. Its solvency ranks better than 78% of 2,797 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-12-2004 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Joint committee
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2024
- Establishment unit
- 2.148.680.454 7080 Frameries, since 25-08-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 03-07-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €343,458
- ▲ 21.8%
- Turnover
- ≈ €730,000
- estimated
- Profit
- €38,026
- ▼ 45.1%
- Equity
- €1.5m
- ▲ 2.5%
- Total assets
- €2.3m
- ▲ 5.9%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2004Size: 1 FTE, total assets €2.3mShow the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency
91-2
equity 66.1% of total assets
Liquidity
47-12
short-term debt 33.9% · cash 9.6%
Profitability
71-2
return on assets 1.6%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.2%▼ -0.4 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%▼ -0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.86 (3.03 in 2024), above the usual 1.5. Short-term debt is 33.9% and cash 9.6% of total assets. 33.9% of the assets are financed with debt and provisions.
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 41, micro). It does better than 75% of them on solvency, 46% on liquidity, 43% on profitability and 42% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
31 days late
2022
164 days late
2021
31 days late
2020
123 days late
2019
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 71 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485556.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 21 filings
Turnover
≈ €730,000
Estimated: probably between €590,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€38,026▼ 45.1%
2024 · €69,269
Working capital
€1.5m▲ 3.9%
2024 · €1.4m
In the rankings
#2 company by total assets in Frameries, Construction sector#2 company by equity in Frameries, Construction sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2021.
Operating result€0.07m
2025
Net result€0.04m
2025
Total assets€2.3m
2025
Equity€1.5m
2025
Debt€0.8m
2025
Working capital€1.5m
2025
Return on assets (ROA)1.6%
2025
Solvency66.1%
2025
Current ratio2.86
2025
Staff (FTE)1
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.3m▲ 18.1%€0.2m▼ 22.5%€0.4m▲ 68.2%€0.1m▼ 71.0%€0.08m▼ 30.0%€0.1m▲ 41.6%€0.07m▼ 33.1%
Net result€0.1m-€0.2m▲ 50.4%€0.2mabove the sector's middle half▼ 14.3%€0.3mabove the sector's middle half▲ 61.7%€0.07mwithin the sector's middle half▼ 74.1%€0.05mwithin the sector's middle half▼ 30.0%€0.07mwithin the sector's middle half▲ 45.6%€0.04mwithin the sector's middle half▼ 45.1%
Equity€0.8m-€1.0m▲ 23.1%€1.1mabove the sector's middle half▲ 8.2%€1.3mabove the sector's middle half▲ 19.9%€1.4mwithin the sector's middle half▲ 5.2%€1.4mwithin the sector's middle half▲ 3.4%€1.5mwithin the sector's middle half▲ 4.9%€1.5mabove the sector's middle half▲ 2.5%
Total assets€1.7m-€1.8m▲ 9.7%€2.3mwithin the sector's middle half▲ 24.6%€2.2mwithin the sector's middle half▼ 2.4%€2.3mwithin the sector's middle half▲ 3.8%€2.0mwithin the sector's middle half▼ 12.7%€2.2mwithin the sector's middle half▲ 9.0%€2.3mabove the sector's middle half▲ 5.9%
Debt€0.8m-€0.8m▼ 3.4%€1.2m▲ 45.1%€0.9m▼ 23.0%€0.9m▲ 1.8%€0.6m▼ 36.9%€0.7m▲ 19.0%€0.8m▲ 13.3%
Working capital€0.8m-€0.9m▲ 24.3%€1.0mabove the sector's middle half▲ 8.9%€1.2mabove the sector's middle half▲ 18.1%€1.3mabove the sector's middle half▲ 5.5%€1.3mabove the sector's middle half▲ 4.1%€1.4mabove the sector's middle half▲ 6.7%€1.5mabove the sector's middle half▲ 3.9%
Solvency49.4%-55.4%▲ 6.0pp48.1%within the sector's middle half▼ 7.3pp59.1%above the sector's middle half▲ 11.0pp59.9%above the sector's middle half▲ 0.8pp71.0%above the sector's middle half▲ 11.1pp68.3%above the sector's middle half▼ 2.7pp66.1%above the sector's middle half▼ 2.2pp
Current ratio1.95-2.20▲ 0.251.89within the sector's middle half▼ 0.312.38above the sector's middle half▲ 0.492.39above the sector's middle half▲ 0.023.28above the sector's middle half▲ 0.883.03above the sector's middle half▼ 0.252.86above the sector's middle half▼ 0.17
Return on assets (ROA)7.6%-10.4%▲ 2.8pp7.1%within the sector's middle half▼ 3.2pp11.8%above the sector's middle half▲ 4.7pp3.0%within the sector's middle half▼ 8.9pp2.4%within the sector's middle half▼ 0.6pp3.2%within the sector's middle half▲ 0.8pp1.6%within the sector's middle half▼ 1.5pp
Staff (FTE)2.7-2▼ 25.9%2.9below the sector's middle half▲ 45.0%3below the sector's middle half▲ 3.4%2.3below the sector's middle half▼ 23.3%2below the sector's middle half▼ 13.0%2below the sector's middle half=1within the sector's middle half▼ 50.0%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€69,650 ▼ 19.9%
Current assets
€2.3m ▲ 7.0%
Equity and liabilities €2.3m
Equity
€1.5m ▲ 2.5%
Debt
€786,459 ▲ 13.3%
Debt's share of the balance-sheet total rises from 31.7% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,798▼
2024 · €130,917
Cash flow
€57,964▼
2024 · €91,232
Debt to equity
0.51▲
2024 · 0.46
ROE
2.5%▼
2024 · 4.6%
Interest coverage
9.00▼
2024 · 18.52
Debt ≤ 1 year
€786,459▲
2024 · €694,263
Income taxes
€24,519▼
2024 · €32,616
Staff costs
€217,483▲
2024 · €114,406
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 2 | 1 |
| full-time | 3 | 2 | 2 | 1 |
| part-time | 0 | - | - | - |
| in full-time equivalents | 3 | 2 | 2 | 1 |
| Average over the year, in full-time equivalents | 3 | 2.3 | 2 | 1 |
| On a permanent contract | 2 | 1 | 1 | - |
| Joined | 0 | 2 | - | 3 |
| Left | 1 | 3 | - | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €72,761 | €13,000 | €3,638 | - | €2,583 |
| Depreciation and write-downs of the year | €39,832 | €31,097 | €20,154 | €21,963 | €19,938 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €129,030 | €133,031 | €113,360 | €114,406 | €217,483 | ▲ 90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,346 | €36,518 | €36,899 | €39,832 | €31,097 | €20,154 | €21,963 | €19,938 | ▼ 9.2% |
| Other operating charges640/8 | - | - | - | €4,359 | €8,194 | €3,484 | €36,655 | €33,177 | ▼ 9.5% |
| Gross operating margin9900 | €429,444 | €526,551 | €363,364 | €552,006 | €282,195 | €213,925 | €281,978 | €343,458 | ▲ 21.8% |
| Operating profit (loss)9901 | €245,897 | €290,504 | €225,178 | €378,785 | €109,873 | €76,927 | €108,954 | €72,860 | ▼ 33.1% |
| Financial income75/76B | - | - | - | - | - | €2,193 | - | - | - |
| Recurring financial income75 | €897 | €323 | €3,310 | - | - | €932 | - | - | - |
| Non-recurring financial income76B | - | - | - | - | - | €1,261 | - | - | - |
| Financial charges65/66B | - | - | - | €22,909 | €14,451 | €8,918 | €7,068 | €10,315 | ▲ 45.9% |
| Recurring financial charges65 | €6,587 | €7,038 | €8,600 | €12,322 | €12,910 | €8,918 | €7,068 | €10,315 | ▲ 45.9% |
| Non-recurring financial charges66B | - | - | - | €10,587 | €1,541 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €196,247 | €271,066 | €219,888 | €355,876 | €95,422 | €70,202 | €101,886 | €62,545 | ▼ 38.6% |
| Income taxes67/77 | €70,131 | €81,422 | €57,369 | €93,009 | €27,440 | €22,616 | €32,616 | €24,519 | ▼ 24.8% |
| Profit (loss) for the period9904 | €126,116 | €189,644 | €162,519 | €262,867 | €67,982 | €47,586 | €69,269 | €38,026 | ▼ 45.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €168,400 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €134,720 | €33,679 | €21,050 | €46,310 | €20,386 | ▼ 56.0% |
| Profit (loss) for the period to be appropriated9905 | €126,116 | €65,044 | €162,519 | €128,147 | €34,303 | €26,536 | €22,959 | €186,040 | ▲ 710% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.8m | €2.3m | €2.2m | €2.3m | €2.0m | €2.2m | €2.3m | ▲ 5.9% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 19.9% |
| Intangible fixed assets21 | €0.004m | €0.002m | €0.001m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.09m | €0.1m | €0.1m | €0.09m | €0.06m | €0.05m | ▼ 26.9% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.04m | €0.02m | €0.01m | €0.006m | ▼ 60.2% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.02m | €0.009m | €0.005m | ▼ 42.0% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.04m | €0.05m | €0.04m | €0.04m | ▼ 12.5% |
| Financial fixed assets28 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €1.5m | €1.7m | €2.2m | €2.1m | €2.2m | €1.9m | €2.1m | €2.3m | ▲ 7.0% |
| Stocks and contracts in progress3 | €0.2m | €0.09m | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.9m | €0.7m | €1.0m | €1.0m | €1.5m | €1.6m | €1.6m | €2.0m | ▲ 20.5% |
| Trade receivables40 | - | - | - | €0.8m | €1.1m | €0.9m | €0.9m | €1.2m | ▲ 28.4% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.3m | €0.7m | €0.7m | €0.8m | ▲ 10.6% |
| Cash at bank and in hand54/58 | €0.5m | €0.9m | €1.1m | €1.0m | €0.7m | €0.3m | €0.4m | €0.2m | ▼ 44.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.003m | €0.005m | €0.05m | €0.04m | ▼ 20.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €2.3m | €2.2m | €2.3m | €2.0m | €2.2m | €2.3m | ▲ 5.9% |
| Equity10/15 | €0.8m | €1.0m | €1.1m | €1.3m | €1.4m | €1.4m | €1.5m | €1.5m | ▲ 2.5% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | - | - | - | - | - |
| Issued capital100 | - | - | - | €0.02m | - | - | - | - | - |
| Reserves13 | €0.002m | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 5.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.2m | ▼ 41.1% |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.2m | - |
| Profit (loss) carried forward14 | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 1.6% |
| Amounts payable17/49 | €0.8m | €0.8m | €1.2m | €0.9m | €0.9m | €0.6m | €0.7m | €0.8m | ▲ 13.3% |
| Amounts payable after more than one year17 | €0.05m | €0.03m | €0.03m | €0.03m | €0.01m | €0.003m | - | - | - |
| Financial debts170/4 | - | - | - | €0.03m | €0.01m | €0.003m | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €1.1m | €0.9m | €0.9m | €0.6m | €0.7m | €0.8m | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.07m | €0.01m | €0.09m | - | - |
| Financial debts43 | - | - | - | - | - | €0.07m | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.07m | - | - | - |
| Trade debts44 | €0.7m | €0.5m | €0.6m | €0.6m | €0.8m | €0.4m | €0.6m | €0.8m | ▲ 33.1% |
| Suppliers440/4 | - | - | - | €0.6m | €0.8m | €0.4m | €0.4m | €0.5m | ▲ 12.1% |
| Bills of exchange payable441 | - | - | - | - | - | - | €0.2m | €0.3m | ▲ 86.6% |
| Advances received on contracts in progress46 | - | - | - | €0.04m | - | - | - | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.05m | €0.03m | €0.001m | ▼ 96.3% |
| Taxes450/3 | - | - | - | - | - | €0.03m | €0.02m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.01m | €0.001m | ▼ 89.2% |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.008m | €0.03m | €0.001m | €0.006m | ▲ 369% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,116 | €189,644 | €162,519 | €262,867 | €67,982 | €47,586 | €69,269 | €38,026 | ▼ 45.1% |
| + Depreciation and write-downs630 | €36,346 | €36,518 | €36,899 | €39,832 | €31,097 | €20,154 | €21,963 | €19,938 | ▼ 9.2% |
| Operating cash flow (approximation) | €162,462 | €226,162 | €199,418 | €302,699 | €99,079 | €67,740 | €91,232 | €57,964 | ▼ 36.5% |
| Investment in fixed assets (approximation) | - | -€28,698 | -€39,522 | -€72,761 | -€13,000 | -€3,638 | €0 | -€2,583 | - |
| Change in cash | - | €439,277 | €246,713 | -€94,116 | -€334,027 | -€426,795 | €117,462 | -€179,711 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as MAGE CONSTRUCT has now. Two years later, 0.5% had gone bankrupt and 94.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94.3%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAGE CONSTRUCT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,041 companies, not a prediction for MAGE CONSTRUCT. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00485556 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00461767 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00431552 | |
| 31-12-2022 | full format | 11-01-2024 | 2024-00000416 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20404610 | |
| 31-12-2020 | full format | 01-12-2021 | 2021-79000055 | |
| 31-12-2019 | full format | 26-10-2020 | 2020-63100106 | |
| 31-12-2018 | full format | 10-10-2019 | 2019-69400399 | |
| 31-12-2017 | full format | 04-10-2018 | 2018-68600408 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-64900306 |
Board & ownership
Directors
Directors
1 director
D’ANGELO Antony
Current
Director (not named in the articles) · in office according to the act of 23-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Les administrateurs non-statutaires sont révocables ad nutum par l’assemblée générale, sans que leur révocation donne droit à une indemnité…”
deed of 23-07-2024Owners and capital
Capital transactions
Capital over time
- 23-07-2024 Converted to unavailable equity · €18,600
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Frais_généraux_plus_frais_représentation_voyages_déplacements, majorité_absolue_ou_actionnaire_unique”
Articles of association, deed of 23-07-2024 (in French)
Network & group
MAGE CONSTRUCT shares no director with another company.
Companies at the same address
6 other companies- JTS-IMMOS Registered office · since 2024 1016995510
- SPORT ATTITUDE MONS Establishment · since 2024 1012488572
- I.M.F.C. Registered office · since 2024 0829531627
- SWEET HOME DS Establishment · since 2018 0688807985
- ADJ IMMO Registered office · since 2007 0886867733
- Cornez, Claude (sole trader) Establishment · since 1973 0853172507
Connections & network
1 current directorThe network starts from the directors of MAGE CONSTRUCT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
abbreviated format · 31 days late
2025
31-12
Financial
Weakest financial yearnet €38,026 ▼45.1%
The net result drops to €38,026, the lowest from 2018 to 2025.
29-08
full format · 29 days late
2024
31-08
full format · 31 days late
23-07
Gazette deed
Reappointment: D’ANGELO Antony (director)Legal-form conversion · Capital conversion · Reserve release11 points ▸
Gazette deed
Reappointment: D’ANGELO Antony (director)
Legal-form conversion · Capital conversion · Reserve release11 points ▸
- General meeting, 10-07-2024, mentioned 2 times in the deed
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, suppression” (deed in French)
- Amendment of the articles, mentioned 3 times in the deed
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Director reappointment, D’ANGELO Antony (director (not named in the articles))
- Registered office clause, “7080 Frameries (La Bouverie),rue Jules Cousin,numéro 18,boite B” (deed in French)
- Other provision, “toute communication vers cette adresse par actionnaires,titulaires de titres émis et titulaires de certificats avec collaboration société réputée intervenue val…” (deed in French)
- Other provision, “clôture vote” (deed in French)
11-01
full format · 164 days late
2022
31-08
full format · 31 days late
2021
31-12
Financial
Highest result from 2018 to 2025net €262,867 ▲61.7%
The operating result of €378,785 and the net result of €262,867 are both a record.
01-12
full format · 123 days late
2020
26-10
full format · 87 days late
2019
31-12
Financial
Equity above €1mequity €1.0m ▲23.1%
With a profit in every financial year since 2018, equity grows to €1.0m.
10-10
full format · 71 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MAGE CONSTRUCT in French
Enterprise number
0870.371.793
Legal form
Private limited company
Status
Active, normale toestand
Founded
03-12-2004
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-07-2024 (in French)Registered office and establishments
Registered office
Rue Jules Cousin 18, 7080 Frameries, Belgium
Establishment unit
MAGE CONSTRUCT, Rue Jules Cousin 18B, 7080 Frameries since 25-08-2005 · unit number 2.148.680.45416230 Manufacture of other builders' carpentry and joinery
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
41003
General construction of other non-residential buildings
43350
Other building finishing work
Social security (RSZ) activities
25120
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
41201
General construction of buildings main activity
41203
Construction of residential and non-residential buildings
43390
Specialised construction activities
Social security (RSZ) activities
25120
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
28120
main activity
Joint committee
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 23-07-2024 (in French)
“L'entreprise générale de construction des bâtiments privés, commerciaux, industriels et autres; L'aménagements des abords; La maintenance…”
49 activities
- L'entreprise générale de construction des bâtiments privés, commerciaux, industriels et autres
- L'aménagements des abords
- La maintenance industrielle en général
- L'entreprise de construction, de réfection et d'entretien des routes
- L'entreprise de travaux d'égouts, de pose de câbles et de canalisations diverses
- L'entreprise d'installation de signalisation routière et de marquage des routes
- Tous travaux de terrassement, tous travaux de route et de construction d'ouvrage d'art non métalliques
- L'aménagement de planes de jeux, de sport, de parcs et de jardins
- L'entreprise de terrassement, d'installation d'échafaudages, de nettoyage et de nettoyage de façades
- L’entreprise de nettoyage et de désinfection de maisons et de locaux, meubles, ameublements et objets divers
- Le nettoyage des vitres, l'entreprise de ramonage de cheminées, l'entreprise de placement de clôtures
- L'entreprise de peintures industrielles
- L'entreprise de peinture et tapissage, poseur de tous revêtements sur murs et sols
- L'installateur en chauffage central
- L'entreprise de plafonneur-cimentier
- L'entreprise de peinture
- L'entreprise de maçonnerie et béton
- L'entreprise de marbrerie
- L'entreprise de carrelage
- L'entreprise d’électricité générale
- L'entreprise de fabrication et de pose de vitrages
- L'entreprise d'installateur sanitaire et de plomberie
- L'entreprise d'installateur de chauffage au gaz par appareils individuels
- L'entreprise de zinguerie et de couvertures non métalliques de constructions
- L'entreprise d'installateur frigoriste
- L'entreprise de fabricant-installateur d'enseignes lumineuses
- L'entreprise d'étanchéité des constructions
- L'entreprise de travaux de démolition
- L'entreprise d'isolation thermique et acoustique
- L'entreprise de travaux d'assèchement des constructions, autres que par le bitume et l'asphaltage
- L’entreprise de fabrication et de placement de volets en bois
- L'entreprise de placement de ferronneries, de volets et de menuiseries métalliques
- L'entreprise de travaux de drainage
- L'entreprise de pose de gyproc
- L'entreprise de démoussage de toitures
- L'entreprise d'installation de cuisines équipées
- L'entreprise de recouvrement de corniches en PVC
- L'entreprise d'ébénisterie, atelier de restauration de meubles
- L'entreprise de charpenterie et de menuiserie du bâtiment
- L'entreprise de fabrication de garnissage de meubles non métalliques
- L’entreprise de fabrication et d’installation de pompes à chaleur (chauffage solaire)
- L'entreprise de placement, d'entretien et réparation de tous brûleurs
- L'entreprise d'installation de ventilation et d’aération, de chauffage à air chaud, de conditionnement d'air et de tuyauteries industrielles
- L'entreprise de fabrication d'appareils d’alarme et de sécurité
- L'entreprise d'atelier spécial de l’industrie des fabrications métalliques
- La menuiserie métallique
- L'entreprise d'atelier de réparation de matériel électrique et radio-électrique, d'appareils automatiques, de distribution et de jeux mécaniques
- La tenue de tavernes et restaurants
- L'achat, la vente, l'import-export de tous les matériaux et biens nécessaires à l’accomplissement des activités décrites ci-avant, le tout moyennant les agréations qui seraient éventuellement requises
Invoicing and payment
VAT number
BE 0870.371.793
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0870.371.793
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
180 m²
Building footprint
232 m²
Building volume
1,742 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53045C1146/00M002 | Wallonia | 180 m² | 1 · 232 m² | 9.1 m · 2 |