ACTIVE

MAGECO

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Financial year 2024 · closed on 31/12/2024

Net result

94,2 k €

+9265.6% YoY

Gross margin

437,7 k €

+141.1% YoY

Equity

2,2 M €

+4.5% YoY

Workforce

0,0 ETP

What does MAGECO do?

MAGECO is a Private limited company incorporated in 1991. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.654.820

Incorporation

30/10/1991

Legal form

Private limited company

Registered office

Gaverlandstraat 1
9031 Gent · FlandreSee on map

Contributed capital

1 075 000,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	437,7 k €	+141%	181,6 k €	+74.5%	104,1 k €	-85.6%	722,5 k €	+309%	176,7 k €	+39.8%	126,4 k €	+21.8%	103,8 k €	-48.1%	199,8 k €	+26.9%	157,5 k €	+4.6%	150,5 k €	+39.0%	108,3 k €	-43.4%	191,5 k €	+212%	61,4 k €	+20.3%	51 k €	-21.5%	65 k €	-59.8%	161,4 k €	-26.3%	219,1 k €
EBITDA	319,3 k €	+82.5%	175 k €	+97.6%	88,5 k €	-87.4%	701,4 k €	+270%	189,6 k €	+99.1%	95,2 k €	+2.1%	93,3 k €	-50.6%	188,9 k €	+29.2%	146,2 k €	+4.1%	140,5 k €	+44.2%	97,4 k €	-46.2%	181,2 k €	+272%	48,7 k €	+18.6%	41 k €	+57.8%	26 k €	-82.8%	151,5 k €	-26.3%	205,7 k €
Operating result	167 k €	+787%	18,8 k €	+140%	-46,7 k €	-108%	558,1 k €	+1121%	45,7 k €	+420%	8,8 k €	-69.0%	28,3 k €	-77.4%	125,2 k €	+40.3%	89,3 k €	+1784%	-5,3 k €	-109%	57 k €	-59.7%	141,4 k €	+85280%	-166 €	+97.7%	-7,1 k €	+75.8%	-29,2 k €	-165%	44,6 k €	-47.0%	84,2 k €
Net result	94,2 k €	+9266%	1 k €	+102%	-63,3 k €	-117%	375,4 k €	+2919%	-13,3 k €	-150%	26,8 k €	+1085%	2,3 k €	-95.7%	53 k €	+28.8%	41,2 k €	+277%	-23,3 k €	-306%	-5,7 k €	-106%	99,3 k €	+726%	-15,9 k €	-110%	159,7 k €	+306%	-77,4 k €	-11319%	-678 €	-101%	69 k €
Balance sheet
Equity	2,2 M €	+4.5%	2,1 M €	+0.0%	2,1 M €	-2.9%	2,2 M €	+49.6%	1,4 M €	-0.9%	1,5 M €	+1.9%	1,4 M €	+0.2%	1,4 M €	+3.9%	1,4 M €	+3.1%	1,3 M €	-1.7%	1,4 M €	-0.4%	1,4 M €	+7.9%	1,3 M €	+36.1%	926,3 k €	+20.8%	766,6 k €	+0.5%	763 k €	+119%	347,7 k €
Total assets	7,1 M €	+7.0%	6,7 M €	-1.5%	6,8 M €	-2.2%	6,9 M €	+22.3%	5,7 M €	+73.9%	3,3 M €	-1.5%	3,3 M €	-10.0%	3,7 M €	+2.7%	3,6 M €	+0.0%	3,6 M €	+13.0%	3,2 M €	-0.5%	3,2 M €	+1.7%	3,1 M €	+3.4%	3 M €	+1.1%	3 M €	-1.1%	3 M €	+120%	1,4 M €
Cash	316,5 k €	+287%	81,8 k €	+130%	35,6 k €	-94.0%	595,1 k €	+1664%	33,7 k €	-39.2%	55,5 k €	+2881%	1,9 k €	-89.3%	17,4 k €	+1358%	1,2 k €	-21.1%	1,5 k €	-92.0%	18,9 k €	+10.2%	17,1 k €	-18.2%	20,9 k €		–		24,9 k €		–		60,8 k €
Debts	4,5 M €	+7.5%	4,2 M €	-2.3%	4,3 M €	-1.7%	4,4 M €	+8.2%	4 M €	+146%	1,6 M €	-6.8%	1,8 M €	-17.3%	2,1 M €	+5.2%	2 M €	-4.1%	2,1 M €	+28.3%	1,6 M €	-1.6%	1,7 M €	-1.8%	1,7 M €	-12.1%	1,9 M €	-10.7%	2,2 M €	-1.6%	2,2 M €	+124%	979,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Greta De Leenheer

Director

Active

John Geernaert

Director

Active

Ended mandates

Greet De Leenheer

Manager · since 01 janvier 2010

Ended

Greet De Leenheer

Director

Ended

Greet De Leenheer

Manager

Ended

John Geernaert

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
John Geernaert● Active	0724.551.792
MAGECO LEASE● Active	0650.895.635
Triple J● Active	0642.934.608

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	04/09/2024	31/08/2023	29/08/2022	31/08/2021	07/08/2020
General meeting	15/08/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021	06/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	15/08/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	04/09/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	06/07/2020	07/08/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	15/07/2019	Dutch	PDF
Micro model	31/12/2016	07/08/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	10/01/2013	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	14/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	13/04/2007	10/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 2 active · 4 ended

Active mandates

Greta De Leenheer

Director

Active

John Geernaert

Director

Active

Ended mandates

Greet De Leenheer

Manager · since 01 janvier 2010

Ended

Greet De Leenheer

Director

Ended

Greet De Leenheer

Manager

Ended

John Geernaert

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/02/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/11/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/09/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares09/05/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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

2024
Annual accounts 202494,2 k €↑
2023
Annual accounts 20231 k €↑
2022
Annual accounts 2022-63,3 k €↓
2021
Annual accounts 2021375,4 k €↑
2018
Annual accounts 2018-13,3 k €↓
2017
Annual accounts 201726,8 k €↑
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 201553 k €↑
2014
Annual accounts 201441,2 k €↑
2013
Annual accounts 2013-23,3 k €↓
2012
Annual accounts 2012-5,7 k €↓
2011
Annual accounts 201199,3 k €↑
2010
Annual accounts 2010-15,9 k €↓
2009
Annual accounts 2009159,7 k €↑
2008
Annual accounts 2008-77,4 k €↓
2007
Annual accounts 2007-678 €↓
2006
Annual accounts 200669 k €
30/10/1991
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

MAGECO

Overview

What does MAGECO do?

Trend over 17 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