MAGITEC
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
23 d early
2022
11 d early
2021
16 d early
2020
18 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24,086▼ 13.8%
2023 · €27,932
Working capital
€316,282▲ 5.6%
2023 · €299,484
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€129,785▲ 98.6%€36,804▼ 71.6%€22,107▼ 39.9%€35,844▲ 62.1%€35,238▼ 1.7%
Net result€98,462▼ 89.5%€28,119▼ 71.4%€16,142▼ 42.6%€27,932▲ 73.0%€24,086▼ 13.8%
Equity€1.4m▲ 7.4%€1.5m▲ 5.0%€1.5m▲ 1.1%€1.5m▲ 1.8%€1.6m▲ 1.6%
Total assets€1.5m▲ 5.3%€1.6m▲ 4.8%€1.6m▼ 0.1%€1.6m▲ 1.3%€1.7m▲ 3.6%
Debt€34,166▼ 2.2%€51,101▲ 49.6%€46,051▼ 9.9%€48,522▲ 5.4%€87,866▲ 81.1%
Working capital€227,250▲ 50.9%€287,014▲ 26.3%€290,412▲ 1.2%€299,484▲ 3.1%€316,282▲ 5.6%
Why a figure moved sharply
- 2020 Net result -89% on 2019. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.3m ▲ 0.1%
Current assets
€404,148 ▲ 16.1%
Equity and liabilities €1.7m
Equity
€1.6m ▲ 1.6%
Provisions
€2,298 ▼ 72.4%
Debt
€87,866 ▲ 81.1%
Debt's share of the balance-sheet total rises from 3.0% to 5.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,524▲
2023 · €36,723
Cash flow
€27,372▼
2023 · €28,810
Current ratio
4.60▼
2023 · 7.17
Debt to equity
0.06▲
2023 · 0.03
ROE
1.5%▼
2023 · 1.8%
ROA
1.4%▼
2023 · 1.7%
Interest coverage
3111.76▲
2023 · 128.33
Debt ≤ 1 year
€87,866▲
2023 · €48,522
Income taxes
€11,140▲
2023 · €7,626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €878 | €3,285 | ▲ 274% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€16,557 | -€12,744 | -€9,091 | -€6,042 | ▲ 33.5% |
| Other operating charges640/8 | - | €335 | €53 | €128 | €70 | ▼ 45.0% |
| Gross operating margin9900 | €109,931 | €20,581 | €9,416 | €27,759 | €32,552 | ▲ 17.3% |
| Operating profit (loss)9901 | €129,785 | €36,804 | €22,107 | €35,844 | €35,238 | ▼ 1.7% |
| Financial income75/76B | - | €0 | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €2,344 | €0 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €278 | €337 | €286 | €12 | ▼ 95.7% |
| Recurring financial charges65 | €1,307 | €278 | €337 | €286 | €12 | ▼ 95.7% |
| Profit (loss) for the period before taxes9903 | €130,822 | €36,525 | €21,770 | €35,558 | €35,226 | ▼ 0.9% |
| Income taxes67/77 | €32,360 | €8,407 | €5,628 | €7,626 | €11,140 | ▲ 46.1% |
| Profit (loss) for the period9904 | €98,462 | €28,119 | €16,142 | €27,932 | €24,086 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €98,462 | €28,119 | €16,142 | €27,932 | €24,086 | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 3.6% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 0.1% |
| Tangible fixed assets22/27 | - | - | - | €9,769 | €11,015 | ▲ 12.7% |
| Furniture and vehicles24 | - | - | - | €9,769 | €11,015 | ▲ 12.7% |
| Financial fixed assets28 | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €261,416 | €338,115 | €336,463 | €348,006 | €404,148 | ▲ 16.1% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €484 | €135,133 | €19,393 | €14,421 | €308,818 | ▲ 2,041% |
| Trade receivables40 | - | €35,000 | €0 | - | €197 | - |
| Other amounts receivable41 | - | €100,133 | €19,393 | €14,421 | €308,621 | ▲ 2,040% |
| Cash at bank and in hand54/58 | €160,852 | €202,982 | €314,463 | €330,105 | €94,621 | ▼ 71.3% |
| Deferred charges and accrued income490/1 | - | €0 | €2,607 | €3,480 | €708 | ▼ 79.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 3.6% |
| Equity10/15 | €1.4m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 1.6% |
| Contributions10/11 | - | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Reserves13 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Non-distributable reserves130/1 | - | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Reserves not available under the articles1311 | - | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Profit (loss) carried forward14 | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 1.6% |
| Provisions and deferred taxes16 | €46,732 | €30,175 | €17,431 | €8,340 | €2,298 | ▼ 72.4% |
| Deferred taxes168 | - | €30,175 | €17,431 | €8,340 | €2,298 | ▼ 72.4% |
| Amounts payable17/49 | €34,166 | €51,101 | €46,051 | €48,522 | €87,866 | ▲ 81.1% |
| Amounts payable within one year42/48 | €34,166 | €51,101 | €46,051 | €48,522 | €87,866 | ▲ 81.1% |
| Trade debts44 | €431 | €2,738 | €5,625 | €4,677 | €665 | ▼ 85.8% |
| Suppliers440/4 | - | €2,738 | €5,625 | €4,677 | €665 | ▼ 85.8% |
| Taxes, remuneration and social security45 | - | €48,160 | €40,224 | €43,643 | €86,253 | ▲ 97.6% |
| Taxes450/3 | - | €35,331 | €24,999 | €23,747 | €54,648 | ▲ 130% |
| Remuneration and social security454/9 | - | €12,829 | €15,224 | €19,896 | €31,606 | ▲ 58.9% |
| Other amounts payable47/48 | - | €203 | €203 | €203 | €948 | ▲ 368% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,462 | €28,119 | €16,142 | €27,932 | €24,086 | ▼ 13.8% |
| + Depreciation and write-downs630 | - | - | - | €878 | €3,285 | ▲ 274% |
| Operating cash flow (approximation) | €98,462 | €28,119 | €16,142 | €28,810 | €27,372 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €4,164 | €0 | -€10,647 | -€4,532 | ▲ 57.4% |
| Change in cash | - | €42,130 | €111,481 | €15,643 | -€235,484 | ▼ 1,605% |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €16,142 ▼42.6%
Net result drops to €16,142, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €936,631 ▲1,579%
Net result €936,631, the highest in the series.
31-12
Financial
Liquidity times 53current ratio 5.31
Current ratio from 0.10 to 5.31; short-term debt falls from €1.1m to €34,931.
31-12
Financial
Equity above €1mEq €1.3m ▲236%
2 profitable years in a row build equity to €1.3m.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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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Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2024100%
Holdings 1
-
100%
According to the 2024 annual accounts of MAGITEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.