MAGESCO
ActiveSummary
MAGESCO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €2k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+4
Solvency78▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.76 in 2024; short-term debt: 46.7% and cash: 1% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
53%
Return on assets
1.3%
Age of the figures
9 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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
13 d early
2023
58 d early
2022
21 d early
2021
19 d early
2020
39 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▲ 2.4%
2024 · €91k
2018: €6klowest in 8 years
2019: €18k▲ +227% vs 2018
2020: €38k▲ +110% vs 2019
2021: €43k▲ +12.9% vs 2020
2022: €86k▲ +98.3% vs 2021
2023: €89k▲ +3.6% vs 2022
2024: €91k▲ +2.0% vs 2023
2025: €93k▲ +2.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€175k▼ 11.7%
2024 · €198k
2018: €159k
2019: €157k▼ -1.1% vs 2018
2020: €150k▼ -4.7% vs 2019
2021: €132k▼ -12.2% vs 2020lowest in 8 years
2022: €157k▲ +19.3% vs 2021
2023: €227k▲ +44.4% vs 2022highest in 8 years
2024: €198k▼ -12.6% vs 2023
2025: €175k▼ -11.7% vs 2024
2018 → 2025
Net result
€2k▲ 21.7%
2024 · €2k
2018: €-17klowest in 8 years
2019: €13k▲ +175% vs 2018
2020: €20k▲ +59.2% vs 2019
2021: €5k▼ -75.4% vs 2020
2022: €42k▲ +761% vs 2021highest in 8 years
2023: €3k▼ -92.6% vs 2022
2024: €2k▼ -41.8% vs 2023
2025: €2k▲ +21.7% vs 2024
2018 → 2025
Working capital
€64k▼ 11.0%
2024 · €72k
2018: €-28klowest in 8 years
2019: €-13k▲ +53.5% vs 2018
2020: €9k▲ +169% vs 2019
2021: €1k▼ -87.6% vs 2020
2022: €44k▲ +3890% vs 2021
2023: €99k▲ +127% vs 2022highest in 8 years
2024: €72k▼ -27.7% vs 2023
2025: €64k▼ -11.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€86k▲ 98.3%€89k▲ 3.6%€91k▲ 2.0%€93k▲ 2.4%
2021: €43klowest in 5 years
2022: €86k▲ +98.3% vs 2021
2023: €89k▲ +3.6% vs 2022
2024: €91k▲ +2.0% vs 2023
2025: €93k▲ +2.4% vs 2024highest in 5 years
Operating result€15k-€70k▲ 358%€8k▼ 88.2%€6k▼ 27.1%€5k▼ 15.9%
2021: €15k
2022: €70k▲ +358% vs 2021highest in 5 years
2023: €8k▼ -88.2% vs 2022
2024: €6k▼ -27.1% vs 2023
2025: €5k▼ -15.9% vs 2024lowest in 5 years
Net result€5k-€42k▲ 761%€3k▼ 92.6%€2k▼ 41.8%€2k▲ 21.7%
2021: €5k
2022: €42k▲ +761% vs 2021highest in 5 years
2023: €3k▼ -92.6% vs 2022
2024: €2k▼ -41.8% vs 2023lowest in 5 years
2025: €2k▲ +21.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€29k ▼ 7.9%
Current assets
€146k ▼ 12.4%
Equity and liabilities €175k
Equity
€93k ▲ 2.4%
Debt
€82k ▼ 23.6%
Debt's share of the balance-sheet total falls from 54.3% to 47.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €16k
Cash flow
€12k▲
2024 · €12k
Current ratio
1.78▲
2024 · 1.76
Debt to equity
0.89▼
2024 · 1.19
ROE
2.4%▲
2024 · 2.0%
ROA
1.3%▲
2024 · 0.9%
Interest coverage
2.31▲
2024 · 1.89
Debt ≤ 1 year
€82k▼
2024 · €94k
Income taxes
€7k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€198k€175k▼
Fixed assets21/28€32k€29k▼
Tangible fixed assets22/27€32k€29k▼
Land and buildings22€10k€5k▼
Plant, machinery and equipment23€22k€25k▲
Current assets29/58€166k€146k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€53k€41k▼
Trade receivables40€35k€39k▲
Other amounts receivable41€18k€3k▼
Cash at bank and in hand54/58€8k€2k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€198k€175k▼
Equity10/15€91k€93k▲
Contributions10/11€37k€37k=
Reserves13€88k€88k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€83k€83k=
Profit (loss) carried forward14€-34k€-32k▲
Amounts payable17/49€108k€82k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€94k€82k▼
Current portion of amounts payable after more than one year42€36k€12k▼
Trade debts44€33k€33k▲
Suppliers440/4€33k€33k▲
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€5k€15k▲
Other amounts payable47/48€20k€21k▲
Accrued charges and deferred income492/3€1k€471▼
Income statement
Code20242025
Non-recurring operating income76A-€750
Remuneration, social security and pensions62€-101-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€19k€17k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€10k€10k▲
Recurring financial income75€10k€10k▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€7k€9k▲
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-32k▲
Profit (loss) brought forward from the previous period14P€-36k€-34k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | €750 | - |
| Remuneration, social security and pensions62 | €26k | €14k | €-43 | €-101 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €23k | €17k | €10k | €10k | ▼ 1.7% |
| Other operating charges640/8 | €3k | €3k | €14k | €3k | €2k | ▼ 25.8% |
| Non-recurring operating charges66A | €52 | - | €3k | - | - | - |
| Gross operating margin9900 | €63k | €110k | €42k | €19k | €17k | ▼ 9.2% |
| Operating profit (loss)9901 | €15k | €70k | €8k | €6k | €5k | ▼ 15.9% |
| Financial income75/76B | €90 | €2k | €6k | €10k | €10k | ▲ 3.6% |
| Recurring financial income75 | €90 | €2k | €6k | €10k | €10k | ▲ 3.6% |
| Financial charges65/66B | €3k | €2k | €6k | €9k | €7k | ▼ 23.6% |
| Recurring financial charges65 | €3k | €2k | €6k | €9k | €7k | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | €12k | €70k | €9k | €7k | €9k | ▲ 19.6% |
| Income taxes67/77 | €7k | €27k | €6k | €6k | €7k | ▲ 18.9% |
| Profit (loss) for the period9904 | €5k | €42k | €3k | €2k | €2k | ▲ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €5k | €42k | €3k | €2k | €2k | ▲ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €157k | €227k | €198k | €175k | ▼ 11.7% |
| Fixed assets21/28 | €58k | €45k | €43k | €32k | €29k | ▼ 7.9% |
| Tangible fixed assets22/27 | €57k | €44k | €42k | €32k | €29k | ▼ 7.9% |
| Land and buildings22 | €40k | €29k | €16k | €10k | €5k | ▼ 56.5% |
| Plant, machinery and equipment23 | €8k | €12k | €26k | €22k | €25k | ▲ 15.3% |
| Furniture and vehicles24 | €10k | €3k | - | - | - | - |
| Financial fixed assets28 | €762 | €762 | €762 | - | - | - |
| Current assets29/58 | €73k | €112k | €184k | €166k | €146k | ▼ 12.4% |
| Amounts receivable after more than one year29 | - | - | €100k | €100k | €100k | = |
| Other amounts receivable291 | - | - | €100k | €100k | €100k | = |
| Amounts receivable within one year40/41 | €10k | €87k | €27k | €53k | €41k | ▼ 21.9% |
| Trade receivables40 | €7k | €82k | €19k | €35k | €39k | ▲ 12.3% |
| Other amounts receivable41 | €3k | €5k | €8k | €18k | €3k | ▼ 86.0% |
| Cash at bank and in hand54/58 | €54k | €16k | €49k | €8k | €2k | ▼ 77.6% |
| Deferred charges and accrued income490/1 | €9k | €9k | €8k | €5k | €3k | ▼ 53.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €157k | €227k | €198k | €175k | ▼ 11.7% |
| Equity10/15 | €43k | €86k | €89k | €91k | €93k | ▲ 2.4% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Reserves13 | €42k | €84k | €88k | €88k | €88k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €38k | €80k | €83k | €83k | €83k | = |
| Profit (loss) carried forward14 | €-36k | €-36k | €-36k | €-34k | €-32k | ▲ 6.4% |
| Amounts payable17/49 | €88k | €71k | €138k | €108k | €82k | ▼ 23.6% |
| Amounts payable after more than one year17 | €15k | €2k | €50k | €12k | - | - |
| Financial debts170/4 | €13k | - | €48k | €12k | - | - |
| Other amounts payable178/9 | €2k | €2k | €2k | - | - | - |
| Amounts payable within one year42/48 | €72k | €68k | €84k | €94k | €82k | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €36k | €36k | €12k | ▼ 66.7% |
| Trade debts44 | €8k | €5k | €12k | €33k | €33k | ▲ 2.1% |
| Suppliers440/4 | €8k | €5k | €12k | €33k | €33k | ▲ 2.1% |
| Taxes, remuneration and social security45 | €33k | €31k | €32k | €5k | €15k | ▲ 174% |
| Taxes450/3 | €29k | €31k | €32k | €5k | €15k | ▲ 174% |
| Remuneration and social security454/9 | €4k | - | - | - | - | - |
| Other amounts payable47/48 | €19k | €19k | €5k | €20k | €21k | ▲ 5.0% |
| Accrued charges and deferred income492/3 | €1k | €2k | €4k | €1k | €471 | ▼ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €42k | €3k | €2k | €2k | ▲ 21.7% |
| + Depreciation and write-downs630 | €19k | €23k | €17k | €10k | €10k | ▼ 1.7% |
| Operating cash flow (approximation) | €24k | €66k | €20k | €12k | €12k | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | €-10k | €-15k | €762 | €-8k | ▼ 1,097% |
| Change in cash | - | €-38k | €33k | €-41k | €-6k | ▲ 84.8% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €42k ▲761%
Operating result €70k, net result €42k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-12
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
28-07
State Gazette act
General meeting · Capital increase
Capital · Corporate purpose
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2006
Ground area
1,162 m²
Building footprint
138 m²
Volume, LiDAR
726 m³
Parcel 63576A0364/00A002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MAGESCO
since 20062.156.441.939
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63576A0364/00A002 | Wallonia | 1,162 m² | 1 · 138 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.