Equity
-€134,373
Debts exceed assets in financial year 2025.
MAGWAT
Lifetime
3 annual accounts with figures on one time axispeak €457,793 (2024)
€42,729▼ 90.7%
lowest -€794,250 (2025)
-€794,250▼ €812,365
peak €309,877 (2024)
-€134,373▼ €444,250
€3.6m▲ 133%
peak 16.1 FTE (2023)
12.9 FTE▼ 6.5%
Board2 names since 2023
1 director
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from €457,793 to €42,729Loss of €794,250Capital increase of €350,000 to €625,000 20-10Equity from €309,877 to -€134,373Debts from €1.5m to €3.6mInvestments €1.8m
Key points
from the 2025 annual accountsResult
-€794,250 -€794,250
From profit to loss in 2025, after a profit of €18,116 in 2024.
Debts
€3.6m 104% of the balance sheet
Financial debts 8%Suppliers 63%Taxes and wages 3%Other 26%
Of this, €3.3m falls due within a year.
Investments
€1.8m 10.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 7404.1% higher than in 2024.
Liquidity
0.35 was 1.04 in 2024
Short-term debts rose from €1.1m to €3.3m.
Position in the sector
-€794,250
Lower net result than 95% of companies in retail trade. Sector median €37,956 · 13,243 companies.
2025 accounts filed 61 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 490 companies had the same profile as MAGWAT has now. Each dot is one company, two years later.
88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
Another 0.6% 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.
| 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 490 companies, not a prediction for MAGWAT. 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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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802151101
Capital increase of €350,000 to €625,000
Capital from €275,000 to €625,000 · Contribution: · General meeting of 16-10-2025 · Gazette deed
Registered office moved from Lasne to Waterloo
New registered office: Chaussée de Louvain 281 à 1410 Waterloo · Previous registered office: Rue de l'Ancienne Gare 4, bte 2001 1380 Lasne · Permanent representative: · Board meeting of 23-11-2023 · Gazette deed
First establishment
Intermarché Waterloo, Chaussée de Louvain 281, Waterloo
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAGWAT Waterloo | €3.5m | €42,729 | -3.9% | 12.9 |
| BELGRADIS Namur | €2.1m | €75,990 | -93.5% | 26.1 |
| DIKSMUIDE RETAIL Diksmuide | €1.4m | €91,647 | -16.0% | 7.4 |
| DELHAIZE T&T Brussels | €1.8m | €175,661 | -0.6% | 14.3 |
| Delmo Tielt | €1.2m | €178,362 | -97.3% | 9 |
| HORIZON Maaseik | €1.8m | €244,411 | -15.8% | 8 |
| WITEB 7 Halle | €1.3m | €47,973 | 9.8% | 7.5 |
These companies have the same main activity as MAGWAT: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.2m and €2.1m, founded between 2021 and 2025.
Official details
Source: KBO- Status
- Active since 26-05-2023Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.345.610.4481410 Waterloo, since 01-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- ≈ €490,000estimated
- €3.5m▲ 86.7%
- Employeeson 31-12-2025
- 17▲ 6.3%
- Filing
- Filed on 30-09-2026
Insights on MAGWAT
MAGWAT files the abbreviated format. That format states no turnover. The gross margin fell from €418,958 in 2023 to €42,729 in 2025.
The balance sheet grew most in 2025 through fixed assets.
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 MAGWAT
- What is the company number of MAGWAT?
- The company number of MAGWAT is 0802.151.101. The VAT number is the same number with BE in front: BE 0802.151.101.
- Where is MAGWAT based?
- The registered office is at Chaussée de Louvain 281, 1410 Waterloo.Company details
- What does MAGWAT do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of MAGWAT?
- MAGWAT is a public limited company (NV).
- When was MAGWAT founded?
- MAGWAT was founded on 26-05-2023.
- Is MAGWAT still active?
- Yes, MAGWAT is an active enterprise in the KBO register.
- How many employees does MAGWAT have?
- MAGWAT had an average of 12.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MAGWAT?
- The turnover in financial year 2025 is ≈ €490,000. This figure is estimated from the gross margin of €42,729 and 188 comparable companies (NACE 47110). It probably lies between €330,000 and €740,000.
- Is MAGWAT profitable?
- In financial year 2025, MAGWAT made a loss of €794,250.
- Where can I find the annual accounts of MAGWAT?
- MAGWAT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAGWAT due?
- MAGWAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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