Mago
ActiveMago has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €12k. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+43
Solvency23▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.69 in 2024), and 78.2% of the assets are financed with debt.
Credit advice 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
21.8%
Return on assets
2.4%
Age of the figures
8 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 11-03-2026, 142 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
142 d early
2024
49 d early
2023
34 d early
2022
13 d early
2021
24 d late
2020
51 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▲ 12.6%
2024 · €96k
2020: €-3k
2021: €14k
2022: €44k
2023: €48k
2024: €96k
2020 → 2025
Total assets
€496k▼ 5.4%
2024 · €524k
2020: €617k
2021: €611k
2022: €603k
2023: €552k
2024: €524k
2020 → 2025
Net result
€12k▲ 401%
2024 · €2k
2020: €-9k
2021: €17k
2022: €17k
2023: €4k
2024: €2k
2020 → 2025
Working capital
€-12k▲ 5.9%
2024 · €-13k
2020: €-123k
2021: €-100k
2022: €-71k
2023: €-61k
2024: €-13k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€44k▲ 208%€48k▲ 9.4%€96k▲ 98.7%€108k▲ 12.6%
Operating result€23k-€26k▲ 14.0%€15k▼ 40.5%€12k▼ 24.3%€22k▲ 89.8%
Net result€17k-€17k▲ 2.3%€4k▼ 76.2%€2k▼ 42.0%€12k▲ 401%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€464k▼ 6.2%
Current assets
€25k▼ 13.1%
Equity and liabilities €496k
Equity
€108k▲ 12.6%
Debt
€388k▼ 9.4%
The debt ratio falls from 81.7% to 78.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€59k▲
2024 · €49k
Cash flow
€49k▲
2024 · €39k
Solvency
21.8%▲
2024 · 18.3%
Current ratio
0.68▼
2024 · 0.69
Quick ratio
0.68▼
2024 · 0.69
Debt / equity
3.58▼
2024 · 4.45
ROE
11.2%▲
2024 · 2.5%
ROA
2.4%▲
2024 · 0.5%
Interest coverage
9.72▲
2024 · 6.00
Debt
€388k▼
2024 · €428k
Debt ≤ 1 year
€37k▼
2024 · €42k
Debt > 1 year
€351k▼
2024 · €386k
Income taxes
€4k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€524k€496k▼
Formation expenses20-€6k
Fixed assets21/28€495k€464k▼
Intangible fixed assets21€418-
Tangible fixed assets22/27€495k€464k▼
Land and buildings22€467k€445k▼
Plant, machinery and equipment23€27k€20k▼
Furniture and vehicles24€709-
Current assets29/58€29k€25k▼
Amounts receivable within one year40/41€468€234▼
Other amounts receivable41€468€234▼
Cash at bank and in hand54/58€25k€21k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€524k€496k▼
Equity10/15€96k€108k▲
Contributions10/11€64k€64k=
Reserves13€32k€44k▲
Distributable reserves133€32k€44k▲
Amounts payable17/49€428k€388k▼
Amounts payable after more than one year17€386k€351k▼
Financial debts170/4€386k€351k▼
Amounts payable within one year42/48€42k€37k▼
Current portion of amounts payable after more than one year42€35k€36k▲
Financial debts43€534-
Credit institutions430/8€534-
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€376-
Taxes450/3€376-
Other amounts payable47/48€1k€143▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€51k€62k▲
Operating profit (loss)9901€12k€22k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€4k€16k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€2k€12k▲
Profit (loss) for the period to be appropriated9905€2k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€12k▲
Transfer to equity691/2€2k€12k▲
To other reserves6921€2k€12k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €108k ▲12.6%
5 profitable years in a row build equity to €108k.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €17k ▲2.3%
Operating result €26k, net result €17k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2025
SMEETS Rowan
CurrentDirector · since 12-06-2025
GOVAERTS Koen
CurrentDirector · since 23-11-2023
MAESEN Nick
CurrentDirector · since 23-11-2023
12-06-2025
SMEETS Rowan: Appointed as Director
17-07-2024
MAESEN Nick: Resigned as Director
23-11-2023
GOVAERTS Koen: Appointed as Director
23-11-2023
MAESEN Nick: Appointed as Director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diestersteenweg 893510 HasseltGround area
765 m²
Building footprint
359 m²
Parcel 71028B0410/00E008, Flanders. Linked by address, not a title deed.
1 establishment unit
Mago
since 20192.287.634.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028B0410/00E008 | Flanders | 765 m² | 1 · 359 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0831.985.430
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IMMO.3
BE 0636.862.408
Scherpenheuvel-Zichem · Eq €108k
CIPRO
BE 0462.877.664
Oostkamp · Eq €109k
E.R.M.
BE 0478.774.380
Gavere · Eq €109k
Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 3,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2019
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.