ACTIVE

M.A.G.

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Financial year 2025 · closed on 31/12/2025

Net result

-74,3 k €

-114.0% YoY

Gross margin

1,3 M €

-8.2% YoY

Equity

3 M €

-2.4% YoY

Workforce

30,0 ETP

+0.3% YoY

What does M.A.G. do?

M.A.G. is a Private limited company incorporated in 1988. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Antwerpen. It employs on average 30,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.442.709

Incorporation

30/05/1988

Legal form

Private limited company

Registered office

Noorderlaan 133 box 7
2030 Antwerpen · FlandreSee on map

Contributed capital

1 032 476,53 €

Latest accounts

31/12/2025

Average workforce

30,0 ETP

Activities (NACE)

47521Retail sale of hardware, paints and glass in specialised stores· main 47521Retail sale of hardware, paints and glass in specialised stores 52462Warehousing and support activities for transportation

Joint committees (1)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	-8.2%	1,4 M €	-8.2%	1,5 M €	-8.0%	1,6 M €	-9.1%	1,8 M €	+0.2%	1,8 M €	+16.0%	1,5 M €	+10.3%	1,4 M €	-6.0%	1,5 M €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-72,1 k €	-54.5%	-46,7 k €	-200%	46,7 k €	-79.6%	228,6 k €	-29.0%	321,8 k €	-13.1%	370,4 k €	+254%	104,7 k €	+220%	32,7 k €	-34.2%	49,6 k €	-73.9%	190,3 k €	+14.8%	165,8 k €	-16.9%	199,6 k €	-43.0%	349,9 k €	+3.4%	338,4 k €	-14.9%	397,5 k €	-4.5%	416,4 k €	+21.8%	341,9 k €	+5.7%	323,6 k €	+737%	-50,8 k €	-165%	77,6 k €
Operating result	-134,9 k €	-29.7%	-104 k €	-1166%	-8,2 k €	-105%	150,3 k €	-37.5%	240,4 k €	-15.2%	283,6 k €	+852%	29,8 k €	+184%	-35,4 k €	-27.2%	-27,9 k €	-132%	87,9 k €	+21.1%	72,6 k €	-21.2%	92,1 k €	-59.6%	227,9 k €	+334%	52,6 k €	-51.2%	107,7 k €	-6.6%	115,4 k €	+458%	20,7 k €	+434%	-6,2 k €	+92.4%	-81,1 k €	-219%	68,3 k €
Net result	-74,3 k €	-114%	530 k €	+185%	186,2 k €	+33.9%	139 k €	-26.4%	188,8 k €	-12.8%	216,5 k €	+686%	27,5 k €	+307%	-13,3 k €	-147%	-5,4 k €	-105%	101,1 k €	+4.4%	96,8 k €	-5.6%	102,6 k €	-44.8%	185,9 k €	+1980%	8,9 k €	-72.6%	32,7 k €	-47.8%	62,5 k €	+7097%	869,1 €	+102%	-43,9 k €	-25.1%	-35,1 k €	-145%	78,8 k €
Balance sheet
Equity	3 M €	-2.4%	3,1 M €	+20.9%	2,5 M €	+7.9%	2,4 M €	+6.3%	2,2 M €	+9.3%	2 M €	+12.0%	1,8 M €	+1.5%	1,8 M €	-0.7%	1,8 M €	-0.3%	1,8 M €	+6.0%	1,7 M €	+6.0%	1,6 M €	+6.8%	1,5 M €	+14.2%	1,3 M €	+0.7%	1,3 M €	+2.6%	1,3 M €	+5.2%	1,2 M €	+0.1%	1,2 M €	-3.5%	1,3 M €	-2.7%	1,3 M €
Total assets	9,2 M €	-0.7%	9,3 M €	+7.6%	8,6 M €	+27.1%	6,8 M €	+3.7%	6,6 M €	+6.2%	6,2 M €	+6.5%	5,8 M €	+1.0%	5,7 M €	+5.4%	5,4 M €	+0.8%	5,4 M €	+1.2%	5,3 M €	+0.4%	5,3 M €	+6.1%	5 M €	+3.1%	4,9 M €	+4.2%	4,7 M €	+2.3%	4,6 M €	+2.9%	4,4 M €	+0.1%	4,4 M €	-9.2%	4,9 M €	+89.5%	2,6 M €
Cash	4,8 k €	-77.2%	21 k €	-38.4%	34,1 k €	+9.5%	31,2 k €	+49.5%	20,8 k €	-15.4%	24,6 k €	+0.2%	24,6 k €	-0.3%	24,6 k €	-47.3%	46,8 k €	+18.9%	39,3 k €	+77.5%	22,1 k €	+0.4%	22,1 k €	-2.0%	22,5 k €	-5.3%	23,8 k €	-52.4%	50 k €	+16.8%	42,8 k €	+27.2%	33,6 k €	+80.0%	18,7 k €	+9886%	187,2 €	-98.9%	17,1 k €
Debts	6,2 M €	+0.2%	6,2 M €	+2.1%	6,1 M €	+37.3%	4,4 M €	+2.3%	4,3 M €	+4.7%	4,1 M €	+3.9%	4 M €	+0.8%	4 M €	+8.4%	3,7 M €	+1.4%	3,6 M €	-1.1%	3,6 M €	-2.1%	3,7 M €	+5.8%	3,5 M €	-1.0%	3,6 M €	+5.5%	3,4 M €	+2.2%	3,3 M €	+2.2%	3,2 M €	+0.2%	3,2 M €	-11.2%	3,6 M €	+183%	1,3 M €
Other
Workforce	30,0 ETP	+0.3%	29,9 ETP	-5.7%	31,7 ETP	+1.6%	31,2 ETP	-9.6%	34,5 ETP	-6.2%	36,8 ETP	+5.7%	34,8 ETP	+1.8%	34,2 ETP	-7.1%	36,8 ETP	-3.2%	38,0 ETP	-8.7%	41,6 ETP	-0.7%	41,9 ETP	+5.5%	39,7 ETP	-4.1%	41,4 ETP	+6.2%	39,0 ETP	-3.9%	40,6 ETP	-3.1%	41,9 ETP	+5.0%	39,9 ETP	+115%	18,6 ETP	-3.6%	19,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 28 ended

Active mandates

Annabelle Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Jean-Claude Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Jean-Michel Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Michèle Boury

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Yann Le Teno

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Yoann Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Ended mandates

Annabelle Bourrelier

Director · since 01 janvier 2018

Ended

Annabelle Bourrelier

Manager · since 01 janvier 2018

Ended

Jean-Claude Bourrelier

bestuurder · since 01 janvier 2018

Ended

Jean-Michel Bourrelier

Director · since 01 janvier 2018

Ended

At this address

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Adapteo● Active	0771.846.123
ADE CONSULTANTS● Active	0463.783.130
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BG RETAIL● Active	0412.562.873
BH SHIPPING AND TRADING ANTWERP● Active	0885.765.594
Biskwit● Active	0753.801.549
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BOUHA INVEST● Active	0878.300.455
BOUWMAR● Active	0421.247.442
B.P.L. INTERNATIONAL● Active	0458.231.661
BROEKMAN LOGISTICS● Active	0423.002.152
C.B. BOUWMARKTEN● Active	0444.848.730
CENTRAL SHIPPING (BELGIUM)● Active	0477.819.228
DE GOUDEN LEGENDE SECUNDO● Active	0467.042.627
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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	09/09/2026	28/08/2025	30/08/2024	30/08/2023	31/08/2022	04/08/2021
General meeting	31/07/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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	31/07/2026	09/09/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	04/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/08/2018	29/08/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	20/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	15/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	24/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	19/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	20/07/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	17/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 6 active · 28 ended

Active mandates

Annabelle Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Jean-Claude Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Jean-Michel Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Michèle Boury

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Yann Le Teno

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Yoann Bourrelier

Director · since 06 décembre 2023 · until 23 juin 2028

Active

Ended mandates

Annabelle Bourrelier

Director · since 01 janvier 2018

Ended

Annabelle Bourrelier

Manager · since 01 janvier 2018

Ended

Jean-Claude Bourrelier

bestuurder · since 01 janvier 2018

Ended

Jean-Michel Bourrelier

Director · since 01 janvier 2018

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares25/10/2024
KAPITAAL - AANDELEN
PDF
Mandates18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/03/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2017
ONTSLAGEN - BENOEMINGEN
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 2025-74,3 k €↓
2024
Annual accounts 2024530 k €↑
2023
Annual accounts 2023186,2 k €↑
2022
Annual accounts 2022139 k €↓
2021
Annual accounts 2021188,8 k €↓
2020
Annual accounts 2020216,5 k €↑
2019
Annual accounts 201927,5 k €↑
2018
Annual accounts 2018-13,3 k €↓
2017
Annual accounts 2017-5,4 k €↓
2016
Annual accounts 2016101,1 k €↑
2015
Annual accounts 201596,8 k €↓
2014
Annual accounts 2014102,6 k €↓
2013
Annual accounts 2013185,9 k €↑
2012
Annual accounts 20128,9 k €↓
2011
Annual accounts 201132,7 k €↓
2010
Annual accounts 201062,5 k €↑
2009
Annual accounts 2009869,1 €↑
2008
Annual accounts 2008-43,9 k €↓
2007
Annual accounts 2007-35,1 k €↓
2006
Annual accounts 200678,8 k €
30/05/1988
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

M.A.G.

Overview

What does M.A.G. do?

Trend over 20 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