MAGI CONSULTING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 19 filings
Turnover
≈ €120,000
Estimated: probably between €100,000 and €160,000
Total assets
€261,573▲ 7.5%
2024 · €243,345
Net result
€46,747▲ 18.4%
2024 · €39,481
Working capital
€184,241▲ 5.9%
2024 · €173,948
In the rankings
#9 company by equity in Bree, Telecoms and IT sector#9 oldest company in Bree, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€55,434
▼ 3.8%
2025
20182025
Net result
€46,747
▲ 18.4%
2025
middle half of the sector
20182025
Equity
€212,916
▲ 12.4%
2025
highest quarter of the sector
20182025
Total assets
€261,573
▲ 7.5%
2025
middle half of the sector
20182025
Debt
€48,657
▼ 9.7%
2025
20182025
Working capital
€184,241
▲ 5.9%
2025
highest quarter of the sector
20182025
Solvency
81.4%
▲ 3.5pp
2025
highest quarter of the sector
20182025
Current ratio
4.79
▼ 0.08
2025
middle half of the sector
20182025
Return on assets (ROA)
17.9%
▲ 1.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,102--€307€57,731€33,441▼ 42.1%€35,298▲ 5.6%€63,938▲ 81.1%€57,622▼ 9.9%€55,434▼ 3.8%
Net result€1,010--€1,390€38,057within the sector's middle half€23,471within the sector's middle half▼ 38.3%€27,156within the sector's middle half▲ 15.7%€44,085within the sector's middle half▲ 62.3%€39,481within the sector's middle half▼ 10.4%€46,747within the sector's middle half▲ 18.4%
Equity€70,248-€68,858▼ 2.0%€93,317within the sector's middle half▲ 35.5%€116,788within the sector's middle half▲ 25.2%€131,444within the sector's middle half▲ 12.5%€165,530above the sector's middle half▲ 25.9%€189,478above the sector's middle half▲ 14.5%€212,916above the sector's middle half▲ 12.4%
Total assets€135,070-€119,246▼ 11.7%€130,718within the sector's middle half▲ 9.6%€138,758within the sector's middle half▲ 6.2%€191,527within the sector's middle half▲ 38.0%€228,173within the sector's middle half▲ 19.1%€243,345within the sector's middle half▲ 6.6%€261,573within the sector's middle half▲ 7.5%
Debt€64,822-€50,388▼ 22.3%€37,400▼ 25.8%€21,970▼ 41.3%€60,083▲ 173%€62,643▲ 4.3%€53,867▼ 14.0%€48,657▼ 9.7%
Working capital€42,887-€47,230▲ 10.1%€67,196within the sector's middle half▲ 42.3%€101,954within the sector's middle half▲ 51.7%€146,374above the sector's middle half▲ 43.6%€161,481above the sector's middle half▲ 10.3%€173,948above the sector's middle half▲ 7.7%€184,241above the sector's middle half▲ 5.9%
Solvency52.0%-57.7%▲ 5.7pp71.4%within the sector's middle half▲ 13.6pp84.2%above the sector's middle half▲ 12.8pp68.6%within the sector's middle half▼ 15.5pp72.5%within the sector's middle half▲ 3.9pp77.9%within the sector's middle half▲ 5.3pp81.4%above the sector's middle half▲ 3.5pp
Current ratio2.62-2.70▲ 0.083.19within the sector's middle half▲ 0.495.64above the sector's middle half▲ 2.456.65above the sector's middle half▲ 1.014.95above the sector's middle half▼ 1.704.87within the sector's middle half▼ 0.084.79within the sector's middle half▼ 0.08
Return on assets (ROA)0.7%--1.2%▼ 1.9pp29.1%above the sector's middle half▲ 30.3pp16.9%within the sector's middle half▼ 12.2pp14.2%within the sector's middle half▼ 2.7pp19.3%within the sector's middle half▲ 5.1pp16.2%within the sector's middle half▼ 3.1pp17.9%within the sector's middle half▲ 1.6pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 operating result for 2025 is 4% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261,573
Fixed assets
€28,675 ▲ 17.6%
Current assets
€232,898 ▲ 6.4%
Equity and liabilities €261,573
Equity
€212,916 ▲ 12.4%
Debt
€48,657 ▼ 9.7%
Debt's share of the balance-sheet total falls from 22.1% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,163▼
2024 · €61,916
Cash flow
€51,476▲
2024 · €43,775
Debt to equity
0.23▼
2024 · 0.28
ROE
22.0%▲
2024 · 20.8%
Interest coverage
27.51▲
2024 · 27.16
Debt ≤ 1 year
€48,657▲
2024 · €45,005
Income taxes
€19,908▲
2024 · €16,284
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,255 | €6,514 | €10,145 | €2,890 | €9,012 |
| Depreciation and write-downs of the year | €19,242 | €2,120 | €3,578 | €4,294 | €4,729 |
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 | - | - | - | - | €250 | €250 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,426 | €21,426 | €21,426 | €19,242 | €2,120 | €3,578 | €4,294 | €4,729 | ▲ 10.1% |
| Other operating charges640/8 | - | - | - | €551 | €530 | €446 | €62 | €986 | ▲ 16× |
| Gross operating margin9900 | €24,991 | €21,641 | €79,619 | €53,234 | €38,198 | €68,213 | €61,978 | €61,149 | ▼ 1.3% |
| Operating profit (loss)9901 | €3,102 | -€307 | €57,731 | €33,441 | €35,298 | €63,938 | €57,622 | €55,434 | ▼ 3.8% |
| Financial income75/76B | - | - | - | €183 | €379 | €168 | €423 | €13,409 | ▲ 32× |
| Recurring financial income75 | €1,023 | €599 | - | €183 | €379 | €168 | €423 | €13,409 | ▲ 32× |
| Financial charges65/66B | - | - | - | €473 | €1,313 | €1,947 | €2,280 | €2,187 | ▼ 4.1% |
| Recurring financial charges65 | €1,376 | €1,008 | €1,022 | €473 | €1,313 | €1,947 | €2,280 | €2,187 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €2,749 | -€716 | €56,709 | €33,151 | €34,365 | €62,159 | €55,766 | €66,655 | ▲ 19.5% |
| Income taxes67/77 | €1,740 | €674 | €18,651 | €9,680 | €7,209 | €18,074 | €16,284 | €19,908 | ▲ 22.3% |
| Profit (loss) for the period9904 | €1,010 | -€1,390 | €38,057 | €23,471 | €27,156 | €44,085 | €39,481 | €46,747 | ▲ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €1,010 | -€1,390 | €38,057 | €23,471 | €27,156 | €44,085 | €39,481 | €46,747 | ▲ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €135,070 | €119,246 | €130,718 | €138,758 | €191,527 | €228,173 | €243,345 | €261,573 | ▲ 7.5% |
| Fixed assets21/28 | €65,674 | €44,248 | €32,822 | €14,835 | €19,229 | €25,796 | €24,392 | €28,675 | ▲ 17.6% |
| Tangible fixed assets22/27 | €65,674 | €44,248 | €22,822 | €4,835 | €9,229 | €15,796 | €14,392 | €18,675 | ▲ 29.8% |
| Land and buildings22 | - | - | - | €891 | €2,142 | €10,961 | €9,617 | €11,177 | ▲ 16.2% |
| Plant, machinery and equipment23 | - | - | - | - | €2,651 | €2,031 | €1,412 | €792 | ▼ 43.9% |
| Furniture and vehicles24 | - | - | - | €3,943 | €4,437 | €2,803 | €3,363 | €6,706 | ▲ 99.4% |
| Financial fixed assets28 | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €69,397 | €74,998 | €97,896 | €123,924 | €172,298 | €202,377 | €218,953 | €232,898 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €24,150 | €30,099 | €20,220 | €35,192 | €67,126 | €84,417 | €109,954 | €123,604 | ▲ 12.4% |
| Trade receivables40 | - | - | - | €22,713 | €17,065 | €15,857 | €24,306 | €29,785 | ▲ 22.5% |
| Other amounts receivable41 | - | - | - | €12,479 | €50,061 | €68,560 | €85,648 | €93,818 | ▲ 9.5% |
| Current investments50/53 | €17,302 | €26,302 | €35,301 | €49,484 | €58,749 | €72,871 | €82,096 | €80,073 | ▼ 2.5% |
| Cash at bank and in hand54/58 | €24,170 | €14,253 | €40,774 | €35,626 | €45,509 | €42,664 | €23,421 | €25,387 | ▲ 8.4% |
| Deferred charges and accrued income490/1 | - | - | - | €3,622 | €914 | €2,425 | €3,482 | €3,833 | ▲ 10.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €135,070 | €119,246 | €130,718 | €138,758 | €191,527 | €228,173 | €243,345 | €261,573 | ▲ 7.5% |
| Equity10/15 | €70,248 | €68,858 | €93,317 | €116,788 | €131,444 | €165,530 | €189,478 | €212,916 | ▲ 12.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €60,918 | €60,918 | €85,377 | €104,388 | €119,044 | €153,130 | €177,078 | €200,516 | ▲ 13.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €102,528 | €119,044 | €153,130 | €177,078 | €200,516 | ▲ 13.2% |
| Profit (loss) carried forward14 | -€3,069 | -€4,459 | -€4,459 | - | - | - | - | - | - |
| Amounts payable17/49 | €64,822 | €50,388 | €37,400 | €21,970 | €60,083 | €62,643 | €53,867 | €48,657 | ▼ 9.7% |
| Amounts payable after more than one year17 | €38,312 | €22,619 | €6,700 | - | €34,158 | €21,747 | €8,862 | - | - |
| Financial debts170/4 | - | - | - | - | €34,158 | €21,747 | €8,862 | - | - |
| Amounts payable within one year42/48 | €26,509 | €27,768 | €30,700 | €21,970 | €25,924 | €40,896 | €45,005 | €48,657 | ▲ 8.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,700 | €11,955 | €26,411 | €33,885 | €8,862 | ▼ 73.8% |
| Financial debts43 | - | - | - | €66 | €2,161 | €1,844 | €703 | €20,314 | ▲ 29× |
| Credit institutions430/8 | - | - | - | €66 | €2,161 | €1,844 | €703 | €20,314 | ▲ 29× |
| Trade debts44 | €2,150 | - | €2,167 | €3,371 | €2,733 | €2,983 | €5,225 | €4,043 | ▼ 22.6% |
| Suppliers440/4 | - | - | - | €3,371 | €2,733 | €2,983 | €5,225 | €4,043 | ▼ 22.6% |
| Taxes, remuneration and social security45 | - | - | - | €9,652 | €5,314 | €9,105 | €5,192 | €8,094 | ▲ 55.9% |
| Taxes450/3 | - | - | - | €9,652 | €5,314 | €9,105 | €5,192 | €8,094 | ▲ 55.9% |
| Other amounts payable47/48 | - | - | - | €2,180 | €3,761 | €553 | - | €7,345 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,010 | -€1,390 | €38,057 | €23,471 | €27,156 | €44,085 | €39,481 | €46,747 | ▲ 18.4% |
| + Depreciation and write-downs630 | €21,426 | €21,426 | €21,426 | €19,242 | €2,120 | €3,578 | €4,294 | €4,729 | ▲ 10.1% |
| Operating cash flow (approximation) | €22,436 | €20,036 | €59,483 | €42,713 | €29,276 | €47,663 | €43,775 | €51,476 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | €0 | -€10,000 | -€1,255 | -€6,514 | -€10,145 | -€2,890 | -€9,012 | ▼ 212% |
| Change in cash | - | -€9,917 | €26,521 | -€5,148 | €9,883 | -€2,845 | -€19,244 | €1,967 | - |
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, 31,368 companies had the same profile as MAGI CONSULTING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAGI CONSULTING itself: < 0.1% 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 31,368 companies, not a prediction for MAGI CONSULTING. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00185555 | |
| 31-12-2024 | micro format | 21-06-2025 | 2025-00160843 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00293838 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00260906 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20133859 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-35900025 | |
| 31-12-2019 | micro format | 06-08-2020 | 2020-39200347 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41800007 | |
| 31-12-2017 | micro format | 22-06-2018 | 2018-20900581 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-43700596 |