MAGEGROUP
ActiveSummary
MAGEGROUP has been active since 1952 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.20M and a net result of €1.42M. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-16
Solvency100=
Growth72▼-1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.43; short-term debt: 5.2% and cash: 0.9% of total assets), and 5.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
94.7%
Return on assets
6.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
21 d late
2023
7 d early
2022
5 d early
2021
30 d early
2020
11 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€361k▼ 1.2%
2024 · €366k
2018: €212klowest in 8 years
2019: €241k▲ +13.7% vs 2018
2020: €298k▲ +23.4% vs 2019
2021: €272k▼ -8.7% vs 2020
2022: €283k▲ +4.2% vs 2021
2023: €313k▲ +10.6% vs 2022
2024: €366k▲ +16.8% vs 2023highest in 8 years
2025: €361k▼ -1.2% vs 2024
2018 → 2025
EBIT margin
-2.1%▼ 8.2pp
2024 · 6.1%
2018: -2.3%lowest in 8 years
2019: 5.4%▲ +333% vs 2018
2020: 1.7%▼ -67.5% vs 2019
2021: 6.5%▲ +275% vs 2020highest in 8 years
2022: 3.6%▼ -45.7% vs 2021
2023: -0.4%▼ -112% vs 2022
2024: 6.1%▲ +1568% vs 2023
2025: -2.1%▼ -135% vs 2024
2018 → 2025
Net result
€1.42M▼ 52.7%
2024 · €3.00M
2018: €872k
2019: €857k▼ -1.7% vs 2018
2020: €426▼ -100.0% vs 2019lowest in 8 years
2021: €414k▲ +97073% vs 2020
2022: €614k▲ +48.2% vs 2021
2023: €1.20M▲ +94.9% vs 2022
2024: €3.00M▲ +151% vs 2023highest in 8 years
2025: €1.42M▼ -52.7% vs 2024
2018 → 2025
Working capital
€2.97M▼ 27.9%
2024 · €4.12M
2018: €-702k
2019: €63k▲ +109% vs 2018
2020: €-29k▼ -146% vs 2019
2021: €-515k▼ -1672% vs 2020
2022: €-876k▼ -70.2% vs 2021lowest in 8 years
2023: €170k▲ +119% vs 2022
2024: €4.12M▲ +2327% vs 2023highest in 8 years
2025: €2.97M▼ -27.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€272k-€283k▲ 4.2%€313k▲ 10.6%€366k▲ 16.8%€361k▼ 1.2%
2021: €272klowest in 5 years
2022: €283k▲ +4.2% vs 2021
2023: €313k▲ +10.6% vs 2022
2024: €366k▲ +16.8% vs 2023highest in 5 years
2025: €361k▼ -1.2% vs 2024
Equity€7.46M-€7.12M▼ 4.5%€21.98M▲ 209%€23.38M▲ 6.4%€22.20M▼ 5.0%
2021: €7.46M
2022: €7.12M▼ -4.5% vs 2021lowest in 5 years
2023: €21.98M▲ +209% vs 2022
2024: €23.38M▲ +6.4% vs 2023highest in 5 years
2025: €22.20M▼ -5.0% vs 2024
Operating result€18k-€10k▼ 43.4%€-1k€22k€-8k
2021: €18k
2022: €10k▼ -43.4% vs 2021
2023: €-1k▼ -113% vs 2022
2024: €22k▲ +1815% vs 2023highest in 5 years
2025: €-8k▼ -134% vs 2024lowest in 5 years
Net result€414k-€614k▲ 48.2%€1.20M▲ 94.9%€3.00M▲ 151%€1.42M▼ 52.7%
2021: €414klowest in 5 years
2022: €614k▲ +48.2% vs 2021
2023: €1.20M▲ +94.9% vs 2022
2024: €3.00M▲ +151% vs 2023highest in 5 years
2025: €1.42M▼ -52.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.45M
Fixed assets
€19.25M ▼ 0.2%
Current assets
€4.20M ▲ 1.3%
Equity and liabilities €23.45M
Equity
€22.20M ▼ 5.0%
Debt
€1.24M ▲ 2,390%
Debt's share of the balance-sheet total rises from 0.2% to 5.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €65k
Cash flow
€1.46M▼
2024 · €3.05M
Current ratio
3.43
Debt to equity
0.06▲
2024 · 0.00
ROE
6.4%▼
2024 · 12.8%
ROA
6.1%▼
2024 · 12.8%
Interest coverage
41.53▼
2024 · 56.97
Debt ≤ 1 year
€1.22M▲
2024 · €19k
Debt > 1 year
€16k▼
2024 · €28k
Income taxes
€605▲
2024 · €582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23.43M€23.45M▲
Fixed assets21/28€19.29M€19.25M▼
Tangible fixed assets22/27€149k€108k▼
Furniture and vehicles24€149k€108k▼
Financial fixed assets28€19.14M€19.14M=
Affiliated companies280/1€19.14M€19.14M=
Participating interests280€19.14M€19.14M=
Current assets29/58€4.14M€4.20M▲
Amounts receivable within one year40/41€4.05M€3.99M▼
Trade receivables40€28k€28k▲
Other amounts receivable41€4.02M€3.96M▼
Cash at bank and in hand54/58€92k€205k▲
Deferred charges and accrued income490/1€588€594▲
Equity and liabilities
Total equity and liabilities10/49€23.43M€23.45M▲
Equity10/15€23.38M€22.20M▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Revaluation surpluses12€15.56M€15.56M=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14€7.55M€6.37M▼
Amounts payable17/49€50k€1.24M▲
Amounts payable after more than one year17€28k€16k▼
Financial debts170/4€28k€16k▼
Credit institutions173€28k€16k▼
Amounts payable within one year42/48€19k€1.22M▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€50€8k▲
Taxes450/3€50€8k▲
Other amounts payable47/48-€1.20M
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Operating income70/76A€416k€431k▲
Turnover70€366k€361k▼
Other operating income74€50k€70k▲
Operating charges60/66A€394k€439k▲
Services and other goods61€332k€384k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▲
Other operating charges640/8€19k€12k▼
Operating profit (loss)9901€22k€-8k▼
Financial income75/76B€2.98M€1.43M▼
Recurring financial income75€1.38M€1.43M▲
Income from financial fixed assets750€1.32M€1.32M=
Income from current assets751€65k€111k▲
Non-recurring financial income76B€1.60M-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Debt charges650€1k€851▼
Other financial charges652/9€578€518▼
Profit (loss) for the period before taxes9903€3.00M€1.42M▼
Income taxes67/77€582€605▲
Taxes670/3€594€625▲
Tax adjustments and reversals of tax provisions77€13€21▲
Profit (loss) for the period9904€3.00M€1.42M▼
Profit (loss) for the period to be appropriated9905€3.00M€1.42M▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.55M€8.97M▲
Profit (loss) brought forward from the previous period14P€4.54M€7.55M▲
Profit to be distributed694/7-€2.60M
Return on contributions (dividend)694-€2.60M
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €305k | €320k | €362k | €416k | €431k | ▲ 3.7% |
| Turnover70 | €272k | €283k | €313k | €366k | €361k | ▼ 1.2% |
| Other operating income74 | €34k | €37k | €49k | €50k | €70k | ▲ 39.5% |
| Operating charges60/66A | €287k | €309k | €364k | €394k | €439k | ▲ 11.5% |
| Services and other goods61 | €286k | €308k | €326k | €332k | €384k | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €22k | €43k | €43k | ▲ 0.3% |
| Other operating charges640/8 | €2k | €1k | €16k | €19k | €12k | ▼ 33.7% |
| Operating profit (loss)9901 | €18k | €10k | €-1k | €22k | €-8k | ▼ 134% |
| Financial income75/76B | €400k | €606k | €1.20M | €2.98M | €1.43M | ▼ 52.0% |
| Recurring financial income75 | €400k | €606k | €1.20M | €1.38M | €1.43M | ▲ 3.4% |
| Income from financial fixed assets750 | €400k | €600k | €1.20M | €1.32M | €1.32M | = |
| Income from current assets751 | - | €6k | €3k | €65k | €111k | ▲ 72.0% |
| Non-recurring financial income76B | - | - | - | €1.60M | - | - |
| Financial charges65/66B | €3k | €2k | €4k | €2k | €1k | ▼ 20.4% |
| Recurring financial charges65 | €3k | €2k | €4k | €2k | €1k | ▼ 20.4% |
| Debt charges650 | €3k | €1k | €4k | €1k | €851 | ▼ 25.5% |
| Other financial charges652/9 | €446 | €487 | - | €578 | €518 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €415k | €614k | €1.20M | €3.00M | €1.42M | ▼ 52.6% |
| Income taxes67/77 | €579 | €314 | €785 | €582 | €605 | ▲ 4.0% |
| Taxes670/3 | €579 | €314 | €785 | €594 | €625 | ▲ 5.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €13 | €21 | ▲ 61.4% |
| Profit (loss) for the period9904 | €414k | €614k | €1.20M | €3.00M | €1.42M | ▼ 52.7% |
| Profit (loss) for the period to be appropriated9905 | €414k | €614k | €1.20M | €3.00M | €1.42M | ▼ 52.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.39M | €8.13M | €22.06M | €23.43M | €23.45M | ▲ 0.1% |
| Fixed assets21/28 | €8.00M | €8.00M | €21.85M | €19.29M | €19.25M | ▼ 0.2% |
| Tangible fixed assets22/27 | - | - | €192k | €149k | €108k | ▼ 27.7% |
| Furniture and vehicles24 | - | - | €192k | €149k | €108k | ▼ 27.7% |
| Financial fixed assets28 | €8.00M | €8.00M | €21.66M | €19.14M | €19.14M | = |
| Affiliated companies280/1 | €8.00M | €8.00M | €21.66M | €19.14M | €19.14M | = |
| Participating interests280 | €8.00M | €8.00M | €21.66M | €19.14M | €19.14M | = |
| Current assets29/58 | €387k | €129k | €207k | €4.14M | €4.20M | ▲ 1.3% |
| Amounts receivable within one year40/41 | €26k | €64k | €10k | €4.05M | €3.99M | ▼ 1.4% |
| Trade receivables40 | €23k | €18k | €9k | €28k | €28k | ▲ 0.7% |
| Other amounts receivable41 | €3k | €46k | €1k | €4.02M | €3.96M | ▼ 1.4% |
| Current investments50/53 | - | - | €100k | - | - | - |
| Other investments51/53 | - | - | €100k | - | - | - |
| Cash at bank and in hand54/58 | €357k | €65k | €93k | €92k | €205k | ▲ 123% |
| Deferred charges and accrued income490/1 | €3k | €663 | €4k | €588 | €594 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.39M | €8.13M | €22.06M | €23.43M | €23.45M | ▲ 0.1% |
| Equity10/15 | €7.46M | €7.12M | €21.98M | €23.38M | €22.20M | ▼ 5.0% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Capital10 | €250k | €250k | €250k | €250k | €250k | = |
| Issued capital100 | €250k | €250k | €250k | €250k | €250k | = |
| Revaluation surpluses12 | €3.50M | €3.50M | €17.16M | €15.56M | €15.56M | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €25k | €25k | = |
| Legal reserve130 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €3.68M | €3.35M | €4.54M | €7.55M | €6.37M | ▼ 15.6% |
| Amounts payable17/49 | €928k | €1.01M | €80k | €50k | €1.24M | ▲ 2,390% |
| Amounts payable after more than one year17 | €25k | - | €40k | €28k | €16k | ▼ 43.8% |
| Financial debts170/4 | €25k | - | €40k | €28k | €16k | ▼ 43.8% |
| Credit institutions173 | €25k | - | €40k | €28k | €16k | ▼ 43.8% |
| Amounts payable within one year42/48 | €902k | €1.01M | €37k | €19k | €1.22M | ▲ 6,179% |
| Current portion of amounts payable after more than one year42 | €100k | €25k | €12k | €12k | €12k | ▲ 2.5% |
| Trade debts44 | €933 | €6k | €16k | €8k | €3k | ▼ 56.1% |
| Suppliers440/4 | €933 | €6k | €16k | €8k | €3k | ▼ 56.1% |
| Taxes, remuneration and social security45 | €579 | €24k | €9k | €50 | €8k | ▲ 16,482% |
| Taxes450/3 | €579 | €14k | €9k | €50 | €8k | ▲ 16,482% |
| Remuneration and social security454/9 | - | €10k | - | - | - | - |
| Other amounts payable47/48 | €800k | €950k | - | - | €1.20M | - |
| Accrued charges and deferred income492/3 | €1k | €1k | €3k | €2k | €3k | ▲ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €414k | €614k | €1.20M | €3.00M | €1.42M | ▼ 52.7% |
| + Depreciation and write-downs630 | - | - | €22k | €43k | €43k | ▲ 0.3% |
| Operating cash flow (approximation) | €414k | €614k | €1.22M | €3.05M | €1.46M | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | €0 | €-13.87M | €2.52M | €-2k | ▼ 100% |
| Change in cash | - | €-292k | €28k | €-754 | €113k | ▲ 15,108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €3.00M ▲151%
Operating result €22k, net result €3.00M, both a record.
31-12
Financial
Liquidity times 38current ratio 212.44
Current ratio from 5.63 to 212.44; short-term debt falls from €37k to €19k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 44current ratio 5.63
Current ratio from 0.13 to 5.63; short-term debt falls from €1.01M to €37k.
31-12
Financial
Equity above €10MEq €21.98M ▲209%
6 profitable years in a row build equity to €21.98M.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €426 ▼100%
Net result drops to €426, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
Show earlier events
2019
31-12
Financial
Liquidity times 16current ratio 1.58
Current ratio from 0.10 to 1.58; short-term debt falls from €778k to €108k.
31-12
Financial
Equity above €5MEq €7.84M ▲125%
2 profitable years in a row build equity to €7.84M.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are 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, Wavre · 1 establishment unit since 1974
Ground area
1.5 ha
Building footprint
616 m²
Volume, LiDAR
5,280 m³
Parcel 25006B0234/00M000, Wallonia · tallest building 17.9 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Rue d'Angoussart 60, 1301 Wavre
since 19742.105.173.083
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0234/00M000 | Wallonia | 1.5 ha | 1 · 616 m² | 17.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1952
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
52241Warehousing and support activities for transportation
Scores and ratios are computed by Checked and are not a credit decision.