ACTIVE

MAGAN

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Financial year 2025 · closed on 31/12/2025

Net result

-24,4 k €

-198.5% YoY

Gross margin

83,8 k €

-30.8% YoY

Equity

1,2 M €

-2.0% YoY

Workforce

0,0 ETP

What does MAGAN do?

MAGAN is a Private limited company incorporated in 1988. Its main activity is: Buying and selling of own real estate. Its registered office is in Tongeren-Borgloon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.411.926

Incorporation

26/05/1988

Legal form

Private limited company

Registered office

Leemzaal 25
3840 Tongeren-Borgloon · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 64200Activities of holding companies 64210Activities of holding companies

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	83,8 k €	-30.8%	121,1 k €	-84.8%	797,4 k €	+21.5%	656,5 k €	+502%	109,1 k €	-21.1%	138,2 k €	+38.5%	99,8 k €	-62.2%	264,2 k €	+88.4%	140,2 k €	+4.4%	134,3 k €	-47.9%	257,8 k €	+1.6%	253,8 k €	+12.2%	226,3 k €	-14.3%	264 k €	+21.9%	216,6 k €	-7.8%	235 k €	+144%	96,2 k €	+16.9%	82,2 k €
EBITDA	67,1 k €	-35.9%	104,7 k €	-86.5%	776,3 k €	+24.8%	622,2 k €	+723%	75,6 k €	-31.0%	109,5 k €	+52.7%	71,7 k €	-69.7%	236,6 k €	+110%	112,8 k €	+5.5%	107 k €	-54.0%	232,7 k €	+1.4%	229,4 k €	+13.2%	202,6 k €	-14.6%	237,2 k €	+22.6%	193,4 k €	-8.9%	212,3 k €	+141%	88 k €	+20.5%	73 k €
Operating result	-37,8 k €	-369%	14,1 k €	-98.0%	709,1 k €	+25.3%	565,9 k €	+1514%	-40 k €	-752%	6,1 k €	+121%	-29,1 k €	-121%	141,4 k €	+631%	19,4 k €	+7.5%	18 k €	-87.6%	144,8 k €	+22.0%	118,6 k €	-2.0%	121,1 k €	-24.2%	159,8 k €	+35.6%	117,9 k €	-14.1%	137,3 k €	+190%	-152,7 k €	-434%	45,7 k €
Net result	-24,4 k €	-198%	24,8 k €	-95.4%	540,3 k €	+17.5%	459,7 k €	+745%	-71,2 k €	-33.2%	-53,5 k €	+29.8%	-76,2 k €	-192%	83 k €	+274%	-47,8 k €	+4.3%	-49,9 k €	-166%	75,1 k €	+57.4%	47,7 k €	+42.9%	33,4 k €	-52.3%	69,9 k €	+239%	20,6 k €	-44.1%	36,9 k €	+117%	-222,5 k €	-1401%	17,1 k €
Balance sheet
Equity	1,2 M €	-2.0%	1,2 M €	+2.0%	1,2 M €	+17.8%	1 M €	+79.9%	575,6 k €	-16.1%	685,7 k €	-7.2%	739,2 k €	-9.6%	817,4 k €	+11.3%	734,5 k €	-6.1%	782,2 k €	-6.0%	832,1 k €	+9.9%	757 k €	+6.7%	709,3 k €	+4.9%	675,9 k €	+11.5%	606 k €	+3.7%	584,4 k €	+6.9%	546,5 k €	+32.4%	412,9 k €
Total assets	1,3 M €	-3.6%	1,3 M €	+2.3%	1,3 M €	-5.6%	1,4 M €	-27.5%	1,9 M €	-7.2%	2 M €	-3.5%	2,1 M €	-4.8%	2,2 M €	-1.8%	2,3 M €	-0.5%	2,3 M €	-3.4%	2,4 M €	-3.1%	2,4 M €	+0.4%	2,4 M €	-3.7%	2,5 M €	-1.1%	2,5 M €	-2.4%	2,6 M €	-2.1%	2,7 M €	+174%	972,6 k €
Cash	5,3 k €	-54.6%	11,6 k €	+16.6%	10 k €	-72.6%	36,4 k €	+205%	11,9 k €	-56.1%	27,2 k €	+229%	8,3 k €	-61.8%	21,7 k €	-34.5%	33,1 k €	+596%	4,8 k €	-65.3%	13,7 k €	+120%	6,3 k €	-69.6%	20,5 k €	-40.8%	34,7 k €	+206%	11,3 k €	+36.7%	8,3 k €	-73.6%	31,5 k €	+154%	12,4 k €
Debts	7,5 k €	-67.3%	23 k €	+120%	10,5 k €	-96.8%	330,3 k €	-74.8%	1,3 M €	-2.4%	1,3 M €	-1.4%	1,4 M €	-2.0%	1,4 M €	-8.1%	1,5 M €	+2.5%	1,5 M €	-2.0%	1,5 M €	-8.9%	1,7 M €	-2.2%	1,7 M €	-6.9%	1,8 M €	-5.0%	1,9 M €	-4.2%	2 M €	-4.4%	2,1 M €	+295%	528,6 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 33 ended

Active mandates

BEHEER COMPANY VERBAKEL

Director · since 31 octobre 2023 · 0890.538.489

Represented by Cornelius Verbakel

Active

EVANCO

Director · since 31 octobre 2023 · 0419.642.685

Represented by Cornelius Verbakel

Active

Ended mandates

EVANCO

Bestuurder-zaakvoerder · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

EVANCO

Bestuurder-zaakvoerder · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

EVANCO

Administrator - manager · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

Evanco NV

Bestuurder-zaakvoerder · since 30 janvier 2017

Represented by Marina Smits

Ended

At this address

Other companies at this address

Company	CBE no.
BEHEER COMPANY VERBAKEL● Active	0890.538.489
De Arend● Active	0738.867.608
EVANCO● Active	0419.642.685
Madrieco● Active	0803.726.954
MDC Invest● Active	0726.410.927
Veerle Verbakel Creative Consultancy & Management● Active	0537.768.790
Verbakel BTW-eenheid● Active	0673.821.683
VERBAKEL ENGINEERING EN BOUW● Active	0439.378.227

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2026	27/06/2025	25/07/2024	26/06/2023	28/06/2022	30/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	05/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/05/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 33 ended

Active mandates

BEHEER COMPANY VERBAKEL

Director · since 31 octobre 2023 · 0890.538.489

Represented by Cornelius Verbakel

Active

EVANCO

Director · since 31 octobre 2023 · 0419.642.685

Represented by Cornelius Verbakel

Active

Ended mandates

EVANCO

Bestuurder-zaakvoerder · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

EVANCO

Bestuurder-zaakvoerder · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

EVANCO

Administrator - manager · since 30 janvier 2017 · 0419.642.685

Represented by Marina Smits

Ended

Evanco NV

Bestuurder-zaakvoerder · since 30 janvier 2017

Represented by Marina Smits

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other28/04/2010
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/09/2007
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2007
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-24,4 k €↓
2024
Annual accounts 202424,8 k €↓
2023
Annual accounts 2023540,3 k €↑
2022
Annual accounts 2022459,7 k €↑
2021
Annual accounts 2021-71,2 k €↓
2018
Annual accounts 2018-53,5 k €↑
2017
Annual accounts 2017-76,2 k €↓
2016
Annual accounts 201683 k €↑
2015
Annual accounts 2015-47,8 k €↑
2014
Annual accounts 2014-49,9 k €↓
2013
Annual accounts 201375,1 k €↑
2012
Annual accounts 201247,7 k €↑
2011
Annual accounts 201133,4 k €↓
2010
Annual accounts 201069,9 k €↑
2009
Annual accounts 200920,6 k €↓
2008
Annual accounts 200836,9 k €↑
2007
Annual accounts 2007-222,5 k €↓
2006
Annual accounts 200617,1 k €
26/05/1988
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAGAN

Overview

What does MAGAN do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline