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MAGEST

Active Public limited companyfounded 2001active for 24 yearsRue Grande 5A, 7040 QuévyKBO/BCE: BE 0476.323.448 subsidiary of

Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2003
peak €30,400 (2019)
-€11,160▼ €23,045
lowest -€978,096 (2016)
-€64,819▼ €37,414
peak €1.1m (2015)
-€46,725▼ €64,819
€362,091▲ 4.7%
Board5 names since 2016
2 directors and 1 other
Owners
  
Documentsfilings and deeds
01-10-202630 days before the deadline
2026micro format
Gross margin from €11,885 to -€11,160Loss of €64,819Equity from €18,094 to -€46,725Cash from €2,047 to €661

Key points

from the 2026 annual accounts

Equity

-€46,725
202120222023202420252026

Debts exceed assets in financial year 2026.

Losses

-€126,255 in six years
-3,0702021-13,6652022-8,6312023-8,6652024-27,4052025-64,8192026

Every financial year from 2021 to 2026 closed with a loss. 2026 was the heaviest.

Debts

€362,091 115% of the balance sheet

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,635 companies had the same profile as MAGEST has now. Each dot stands for 17 companies, two years later.

84.3%
were still trading
10.2%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 6,635 companies, not a prediction for MAGEST. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 15-12-2023
Director, , since 15-12-2023
  • 100%score equity €1.9m (2025) · 2025 annual accounts of
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0476323448
1 director appointed, 2 resignations Resignations: and · Permanent representative: · Appointment: · General meeting of 15-12-2023 · Gazette deed
2 directors appointed, 2 resignations Resignations: (managing director) and · Appointments: (managing director) and · Permanent representative: · General meeting of 15-12-2016 · Gazette deed
First establishment Rue Grande 5 A, Quévy
All 36 events

Official details

Source: KBO
Status
Active since 17-12-2001Normal situation
Activity
“La société holding” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
Establishment unit
2.098.824.7317040 Quévy, since 21-02-2002
Financial year end
31 March
Peppol
Reachable since 14-01-2026
Company details

Annual accounts to 31-03-2026

€315,366▼ 13.3%
Filing
Filed on 01-10-2026, 30 days before the end of the filing period
Financials

Insights on MAGEST

MAGEST files the micro format. That format states no turnover. The gross margin fell from -€2,653 in 2007 to -€11,160 in 2026.

holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MAGEST

What is the company number of MAGEST?
The company number of MAGEST is 0476.323.448. The VAT number is the same number with BE in front: BE 0476.323.448.
Where is MAGEST based?
The registered office is at Rue Grande 5A, 7040 Quévy.Company details
What is the legal form of MAGEST?
MAGEST is a public limited company (NV).
When was MAGEST founded?
MAGEST was founded on 17-12-2001.
Is MAGEST still active?
Yes, MAGEST is an active enterprise in the KBO register.
What is the turnover of MAGEST?
The annual accounts for financial year 2026 state no turnover.Financials
Is MAGEST profitable?
In financial year 2026, MAGEST made a loss of €64,819.
Where can I find the annual accounts of MAGEST?
MAGEST filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of MAGEST due?
MAGEST must file the annual accounts for financial year 2027 by 31-10-2027.Timeline

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