MAGEFI
Annual accounts 2025
micro format, filed on 02-07-2026, 29 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €1.7m on 31-12-2025in €m
in euro
Position in the sector
96.2%
Higher than 95% of 39,364 companies in 2025.
29.84
Higher than 95% of 38,048 companies in 2025.
7.5%
Higher than 37% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.7m | 2.1m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.0m | 1.9m | 2.0m | 1.8m | 1.9m | 1.4m | 1.5m | 1.5m | 1.5m | 1.4m | 1.2m | 665,838 | 615,103 | |
21/28 |
750,083 | 798,458 | 700,606 | 735,637 | 843,330 | 945,575 | 1.0m | 1.8m | 1.7m | 1.8m | 1.7m | 1.8m | 1.3m | 1.4m | 1.4m | 1.4m | 1.2m | 1.1m | 588,094 | 593,029 | |
22/27 |
750,083 | 798,458 | 700,606 | 735,637 | 843,330 | 945,575 | 1.0m | 1.5m | 1.3m | 1.2m | 1.1m | 1.2m | 731,864 | 799,909 | 851,382 | 820,209 | 599,977 | 541,238 | 30,334 | 35,248 | |
22 |
379,567 | 383,517 | 387,467 | 337,669 | 362,015 | 395,349 | 419,695 | 935,568 | 974,109 | 1.0m | 911,191 | 947,032 | 420,373 | 442,019 | 463,665 | 485,312 | 506,958 | 528,605 | 11,691 | 11,795 | |
23 |
347,911 | 385,070 | 295,648 | 364,337 | 432,232 | 484,507 | 555,650 | 547,977 | 307,692 | 178,489 | 217,287 | 256,085 | 294,883 | 333,678 | 356,539 | 315,185 | 83,901 | - | 74 | 147 | |
24 |
11,548 | 15,648 | 1,909 | 3,209 | 3,821 | 6,735 | 11,230 | 15,311 | 22,935 | 27,227 | 2,305 | 7,544 | 13,713 | 22,067 | 27,961 | 15,177 | 3,265 | 5,149 | 9,429 | 13,248 | |
26 |
11,057 | 14,224 | 15,582 | 30,422 | 45,262 | 58,985 | 55,401 | 11,674 | 7,763 | 4,091 | 5,067 | 6,042 | 2,896 | 2,144 | 3,216 | 4,535 | 5,853 | 7,485 | 9,140 | 9,565 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 492 | |
28 |
- | - | - | - | - | - | 0 | 338,090 | 371,840 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,760 | 557,781 | |
29/58 |
905,616 | 1.3m | 1.4m | 1.5m | 1.5m | 1.5m | 1.5m | 127,565 | 199,048 | 239,347 | 129,883 | 163,354 | 121,866 | 163,351 | 67,520 | 95,747 | 267,272 | 140,299 | 77,744 | 22,074 | |
40/41 |
1,836 | - | 2,475 | 25,317 | 4,538 | 4,411 | 0 | 34,076 | 86 | 10,610 | 12,091 | 60,051 | 60,642 | 56,452 | 5,033 | 24,476 | 7,466 | 4,756 | 36,719 | 12,555 | |
40 |
- | - | 2,475 | 13,594 | 4,538 | 484 | 0 | 425 | - | 10,436 | 2,371 | 871 | 60,000 | 56,452 | 436 | 18,439 | 2,565 | - | 27,513 | 9,010 | |
41 |
1,836 | - | - | 11,722 | - | 3,927 | 0 | 33,651 | 86 | 174 | 9,720 | 59,180 | 642 | - | 4,597 | 6,037 | 4,901 | 4,756 | 9,206 | 3,545 | |
50/53 |
316,261 | 1.1m | 1.1m | 1.3m | 1.2m | 777,095 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
587,519 | 157,279 | 292,558 | 206,272 | 260,389 | 683,674 | 1.5m | 93,489 | 198,962 | 228,738 | 117,792 | 103,303 | 61,225 | 106,899 | 62,487 | 71,270 | 259,806 | 135,544 | 41,026 | 9,519 | |
490/1 |
- | - | 241 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.7m | 2.1m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.0m | 1.9m | 2.0m | 1.8m | 1.9m | 1.4m | 1.5m | 1.5m | 1.5m | 1.4m | 1.2m | 665,838 | 615,103 | |
10/15 |
1.6m | 2.0m | 2.0m | 2.0m | 2.2m | 2.1m | 2.2m | 1.6m | 1.5m | 1.9m | 1.8m | 1.6m | 979,315 | 887,985 | 766,317 | 656,194 | 593,896 | 530,333 | 512,627 | 430,812 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 581,100 | 581,100 | 581,100 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 61,500 | 61,500 | 61,500 | 581,100 | 581,100 | 581,100 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
470,200 | 895,500 | 848,100 | 877,500 | 997,500 | 950,500 | 950,500 | 400,500 | 310,500 | 141,500 | 15,000 | 6,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
21,500 | 21,500 | 21,500 | 21,500 | 21,500 | 21,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 21,500 | 21,500 | 21,500 | 21,500 | 15,000 | 6,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
21,500 | 21,500 | 21,500 | 21,500 | 21,500 | 21,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
448,700 | 874,000 | 826,600 | 856,000 | 976,000 | 929,000 | 929,000 | 379,000 | 289,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | |
14 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.0m | 958,855 | 867,525 | 745,857 | 635,734 | 573,436 | 509,873 | 492,167 | 410,352 | |
17/49 |
63,350 | 79,808 | 132,773 | 245,194 | 169,732 | 297,753 | 355,935 | 338,786 | 346,638 | 132,540 | 61,013 | 300,977 | 432,176 | 633,036 | 710,345 | 817,522 | 831,113 | 708,965 | 153,211 | 184,291 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 235,715 | 300,000 | 364,286 | 462,222 | 498,333 | 548,889 | 592,222 | - | 4,989 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 235,715 | 300,000 | 364,286 | 462,222 | 498,333 | 548,889 | 592,222 | - | 4,989 | |
42/48 |
30,350 | 13,808 | 33,773 | 113,194 | 4,732 | 99,753 | 122,647 | 74,786 | 49,638 | 132,540 | 61,013 | 65,263 | 132,176 | 268,750 | 248,123 | 319,188 | 282,224 | 116,743 | 153,211 | 179,302 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | 64,286 | 64,286 | 64,286 | 43,333 | 46,944 | 43,333 | 43,333 | 2,838 | 44,066 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 103 | - | - | - | - | - | 3,416 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 103 | - | - | - | - | - | 3,416 | |
44 |
8,007 | 900 | 1,291 | 892 | 25 | 2 | 30,387 | 14,012 | 12,136 | 1,624 | 419 | 977 | 792 | 1,889 | 659 | - | 3,194 | 456 | 2,632 | - | |
440/4 |
8,007 | 900 | 1,291 | 892 | 25 | 2 | 30,387 | 14,012 | 12,136 | 1,624 | 419 | 977 | 792 | 1,889 | 659 | - | 3,194 | 456 | 2,632 | - | |
45 |
- | 11,505 | 12,211 | 4,412 | 4,707 | 84,196 | 84,677 | 37,098 | 36,763 | 41,027 | 26,390 | - | 8,270 | 43,519 | 11,407 | 19,525 | 6,005 | 177 | 3,254 | 19,750 | |
450/3 |
- | 11,505 | 12,211 | 4,412 | 4,707 | 84,196 | 84,677 | 37,098 | 36,763 | 41,027 | 26,390 | - | 8,270 | 43,519 | 11,407 | 19,525 | 6,005 | 177 | 3,254 | 19,750 | |
47/48 |
22,343 | 1,403 | 20,271 | 107,889 | - | 15,555 | 7,583 | 23,676 | 738 | 89,889 | 34,204 | - | 58,828 | 158,954 | 192,723 | 252,719 | 229,691 | 72,776 | 144,487 | 112,071 | |
492/3 |
33,000 | 66,000 | 99,000 | 132,000 | 165,000 | 198,000 | 233,288 | 264,000 | 297,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | 5,257 | 3,277 | - | - | - | - | - | - | - | - | - | - | - | - | 61 | 9 | |
9900 |
-164 | 36,973 | 153,779 | 60,211 | 73,933 | 36,492 | 421,704 | 287,879 | 217,205 | 316,291 | 278,658 | 236,887 | 239,335 | 299,734 | 212,672 | 149,496 | 122,614 | 160,905 | 179,560 | 156,891 | |
62 |
- | - | - | - | - | - | 0 | 68 | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
98,321 | 79,036 | 111,421 | 110,969 | 111,536 | 123,655 | 146,773 | 139,169 | 105,853 | 86,115 | 82,243 | 85,621 | 74,350 | 73,616 | 69,709 | 53,702 | 28,810 | 30,386 | 10,150 | 9,054 | |
640/8 |
5,307 | 5,245 | 14,332 | 4,397 | 4,241 | 4,216 | 4,624 | 4,545 | 4,453 | 24,998 | 3,911 | 3,033 | 4,104 | 4,340 | 3,325 | 2,669 | 8,127 | 69,996 | 1,300 | 2,345 | |
66A |
108 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
-103,900 | -47,307 | 28,026 | -55,154 | -41,844 | -91,379 | 270,307 | 144,097 | 106,899 | 205,179 | 192,504 | 148,234 | 160,882 | 221,778 | 139,638 | 93,125 | 85,677 | 60,522 | 168,110 | 145,492 | |
75/76B |
241,570 | 199,109 | 104,122 | 40,371 | 94,823 | 13,178 | 419,410 | 35 | 114,155 | 97 | 0 | 161 | 181 | 213 | 45,586 | 34,869 | 33,295 | 1,408 | 28,954 | 21,704 | |
75 |
241,570 | 199,109 | 104,122 | 40,371 | 94,823 | 13,178 | 419,410 | 35 | 114,155 | 97 | 0 | 161 | 181 | 213 | 45,586 | 34,869 | 33,295 | 1,408 | 28,954 | 21,704 | |
65/66B |
217 | 207 | -21,862 | 25,544 | 679 | 785 | 10,272 | 416 | 2,157 | 3,638 | 10,474 | 9,755 | 20,328 | 38,763 | 38,907 | 49,349 | 37,408 | 18,518 | 9,488 | 12,339 | |
65 |
217 | 207 | -21,862 | 25,544 | 679 | 785 | 10,272 | 416 | 2,157 | 3,638 | 10,474 | 9,755 | 20,328 | 38,763 | 38,907 | 49,349 | 37,408 | 18,518 | 9,488 | 12,339 | |
9903 |
137,452 | 151,595 | 154,010 | -40,327 | 52,300 | -78,986 | 679,445 | 143,717 | 218,897 | 201,638 | 182,030 | 138,639 | 140,734 | 183,229 | 146,317 | 78,644 | 81,563 | 43,412 | 187,637 | 154,866 | |
67/77 |
12,701 | 14,147 | 14,383 | 389 | 5,065 | 312 | 124,544 | 43,067 | 49,572 | 77,094 | 56,390 | 44,477 | 49,403 | 61,561 | 36,194 | 16,346 | 18,000 | 15,706 | 55,821 | 46,749 | |
9904 |
124,751 | 137,448 | 139,627 | -40,716 | 47,236 | -79,298 | 554,901 | 100,650 | 169,326 | 124,545 | 125,640 | 94,162 | 91,330 | 121,667 | 110,123 | 62,299 | 63,563 | 27,706 | 131,815 | 108,117 | |
9905 |
124,751 | 137,448 | 139,627 | -40,716 | 47,236 | -79,298 | 554,901 | 100,650 | 169,326 | 124,545 | 125,640 | 94,162 | 91,330 | 121,667 | 110,123 | 62,299 | 63,563 | 27,706 | 131,815 | 108,117 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.7m | 1.3m | 1.3m | 1.3m | 1.2m | 1.1m | 958,855 | 867,525 | 745,857 | 635,734 | 573,436 | 519,873 | 542,167 | 450,352 | |
14P |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
550,000 | 90,000 | 169,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
124,700 | 137,400 | 139,600 | - | 47,000 | 0 | 550,000 | 90,000 | 169,000 | 126,500 | 8,140 | 5,000 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 6,500 | 8,140 | 5,000 | - | - | - | - | - | - | - | - | |
6921 |
124,700 | 137,400 | 139,600 | - | 47,000 | 0 | 550,000 | 90,000 | 169,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
550,000 | 90,000 | 169,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 50,000 | 40,000 | |
694 |
550,000 | 90,000 | 169,000 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 50,000 | 40,000 | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00242402 | |
| 31-12-2024 | micro format | 31-05-2025 | 2025-00112074 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00159055 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00094393 | |
| 31-12-2021 | micro format | 13-05-2022 | 2022-20025994 | |
| 31-12-2020 | micro format | 11-05-2021 | 2021-13800046 | |
| 31-12-2019 | micro format | 15-05-2020 | 2020-12100397 | |
| 31-12-2018 | micro format | 31-05-2019 | 2019-15200042 | |
| 31-12-2017 | micro format | 18-05-2018 | 2018-13000479 | |
| 31-12-2016 | micro format | 30-05-2017 | 2017-13400056 | |
| 31-12-2015 | full format | 13-05-2016 | 2016-11900529 | |
| 31-12-2014 | full format | 19-06-2015 | 2015-18500130 | |
| 31-12-2013 | full format | 22-05-2014 | 2014-13000319 | |
| 31-12-2012 | full format | 07-06-2013 | 2013-15500411 | |
| 31-12-2011 | full format | 11-05-2012 | 2012-11200464 | |
| 31-12-2010 | full format | 29-06-2011 | 2011-21700118 | |
| 31-12-2009 | full format | 05-08-2010 | 2010-38900396 | |
| 31-12-2008 | full format | 03-06-2009 | 2009-17800069 | |
| 31-12-2007 | full format | 15-07-2008 | 2008-40000371 | |
| 31-12-2006 | full format | 09-05-2007 | 2007-13600381 | |
| 31-12-2005 | full format | 11-05-2006 | 2006-13802796 | |
| 31-12-2004 | full format | 01-06-2005 | 2005-19001961 | |
| 31-12-2003 | full format | 30-03-2004 | 2004-09404947 | |
| 31-12-2002 | full format | 26-05-2003 | 2003-16504824 | |
| 31-12-2001 | full format | 22-05-2002 | 2002-13501579 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5,579 | 31,729 | 139,447 | 55,814 | 69,692 | 32,276 | 417,080 | 283,266 | 212,752 | 291,293 | 274,747 | 233,854 | 235,231 | 295,394 | 209,347 | 146,827 | 114,487 | 90,909 | 178,260 | 154,546 | ||
| 223,072 | 216,483 | 251,048 | 70,253 | 158,772 | 44,357 | 701,674 | 239,818 | 275,179 | 210,659 | 207,883 | 179,783 | 165,680 | 195,283 | 179,832 | 116,001 | 92,372 | 58,092 | 141,966 | 117,171 | ||
| 50,054 | 176,888 | 76,390 | 3,276 | 19,578 | 27,253 | 169,746 | 337,200 | 195,896 | 172,719 | 1,390 | 570,459 | 6,305 | 40,419 | 100,882 | 273,934 | 87,548 | 543,241 | 5,728 | 3,331 | ||
| 430,240 | -135,279 | 86,286 | -54,117 | -423,285 | -822,584 | 1.4m | -105,473 | -29,776 | 110,945 | 14,489 | 42,079 | -45,674 | 44,411 | -8,783 | -188,536 | 124,262 | 94,518 | 31,507 | - | ||
| 875,265 | 1.3m | 1.4m | 1.4m | 1.5m | 1.4m | 1.4m | 52,779 | 149,411 | 106,807 | 68,870 | 98,091 | -10,310 | -105,399 | -180,603 | -223,442 | -14,952 | 23,557 | -75,467 | -157,228 | ||
| 96.2% | 96.2% | 93.7% | 89.1% | 92.7% | 87.6% | 86.0% | 82.9% | 81.6% | 93.4% | 96.7% | 84.5% | 69.4% | 58.4% | 51.9% | 44.5% | 41.7% | 42.8% | 77.0% | 70.0% | ||
| 29.84 | 94.07 | 41.52 | 13.33 | - | 14.69 | 12.28 | 1.71 | 4.01 | 1.81 | 2.13 | 2.50 | 0.92 | 0.61 | 0.27 | 0.30 | 0.95 | 1.20 | 0.51 | 0.12 | ||
| 0.04 | 0.04 | 0.07 | 0.12 | 0.08 | 0.14 | 0.16 | 0.21 | 0.23 | 0.07 | 0.03 | 0.18 | 0.44 | 0.71 | 0.93 | 1.25 | 1.40 | 1.34 | 0.30 | 0.43 | ||
| 7.8% | 6.8% | 7.1% | -2.0% | 2.2% | -3.8% | 25.3% | 6.1% | 11.0% | 6.6% | 7.1% | 5.8% | 9.3% | 13.7% | 14.4% | 9.5% | 10.7% | 5.2% | 25.7% | 25.1% | ||
| 7.5% | 6.6% | 6.6% | -1.8% | 2.0% | -3.3% | 21.8% | 5.1% | 9.0% | 6.2% | 6.9% | 4.9% | 6.5% | 8.0% | 7.5% | 4.2% | 4.5% | 2.2% | 19.8% | 17.6% | ||
| -25.70 | over 100 | -6.38 | 2.19 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €50,054 | €176,888 | €76,390 | €3,276 | €19,578 |
| €98,321 | €79,036 | €111,421 | €110,969 | €111,536 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MAGEFI
The operating result for 2025 is a loss of €103,900, larger than the loss of €47,307 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total stays at 3.8%.