ACTIVE

MAGI

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Financial year 2025 · closed on 31/12/2025

Net result

173,8 k €

-86.1% YoY

Gross margin

892,7 k €

-59.1% YoY

Equity

3,2 M €

+5.8% YoY

Workforce

0,0 ETP

What does MAGI do?

MAGI is a Private limited company incorporated in 1997. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Torhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.519.583

Incorporation

06/01/1997

Legal form

Private limited company

Registered office

Ringaertstraat 12
8820 Torhout · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 43331Floor and wall covering 43331Floor and wall covering 43341Painting and glazing+3

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	892,7 k €	-59.1%	2,2 M €	+279%	576,2 k €	-47.3%	1,1 M €	+298%	274,4 k €	-19.2%	339,4 k €	+40.5%	241,6 k €	+61.4%	149,6 k €	+68.9%	88,6 k €	-28.3%	123,6 k €	-73.5%	467,1 k €	+73.7%	269 k €	-27.8%	372,8 k €	+11.8%	333,5 k €	-21.7%	426,1 k €	+24.8%	341,4 k €	+134%	145,8 k €
EBITDA	878,1 k €	-59.3%	2,2 M €	+280%	567 k €	-47.8%	1,1 M €	+310%	264,9 k €	-19.0%	327,1 k €	+46.2%	223,7 k €	+57.4%	142,1 k €	+93.7%	73,4 k €	-39.3%	120,8 k €	-72.8%	444,8 k €	+136%	188,7 k €	+23.6%	152,7 k €	+9.7%	139,2 k €	-27.8%	192,7 k €	+27.2%	151,5 k €	+10.4%	137,3 k €
Operating result	332,2 k €	-82.5%	1,9 M €	+444%	349,3 k €	-66.1%	1 M €	+1147%	82,6 k €	-6.7%	88,6 k €	-22.1%	113,7 k €	+54.9%	73,4 k €	+4281%	-1,8 k €	-104%	45,4 k €	-84.6%	295,2 k €	+239%	87,1 k €	+20.0%	72,6 k €	+52.6%	47,6 k €	-46.7%	89,3 k €	+41.3%	63,2 k €	+7.1%	59 k €
Net result	173,8 k €	-86.1%	1,2 M €	+556%	190 k €	-74.7%	750,8 k €	+8493%	8,7 k €	-75.5%	35,7 k €	-46.2%	66,3 k €	-66.5%	198,2 k €	+810%	-27,9 k €	-134%	81,4 k €	-28.4%	113,7 k €	+894%	11,4 k €	+334%	2,6 k €	+117%	-15,6 k €	-166%	23,6 k €	+53.4%	15,4 k €	-20.9%	19,4 k €
Balance sheet
Equity	3,2 M €	+5.8%	3 M €	+71.3%	1,7 M €	+12.2%	1,6 M €	+93.0%	807,6 k €	+48.0%	545,6 k €	+7.0%	510 k €	+15.0%	443,6 k €	+80.7%	245,5 k €	-10.2%	273,4 k €	+42.4%	191,9 k €	+145%	78,2 k €	+17.1%	66,8 k €	+4.1%	64,1 k €	-19.5%	79,7 k €	+42.1%	56,1 k €	+37.8%	40,7 k €
Total assets	8,1 M €	+12.1%	7,3 M €	+16.5%	6,2 M €	+12.2%	5,6 M €	+56.7%	3,6 M €	+63.7%	2,2 M €	+19.6%	1,8 M €	+16.4%	1,6 M €	+16.5%	1,3 M €	-12.8%	1,5 M €	+11.9%	1,4 M €	-6.0%	1,5 M €	+4.5%	1,4 M €	-7.7%	1,5 M €	+4.0%	1,5 M €	+61.6%	899,9 k €	+13.0%	796,1 k €
Cash	227,9 k €	-42.5%	396,1 k €	-20.8%	499,8 k €	-27.1%	685,1 k €	+2751%	24 k €	-48.9%	47,1 k €	+258%	13,1 k €	-75.2%	52,9 k €	+1.0%	52,3 k €	-34.2%	79,6 k €	+54.0%	51,7 k €	+162%	19,7 k €	+1590%	1,2 k €	-94.7%	21,8 k €	-75.7%	89,8 k €	+335%	20,6 k €	-30.6%	29,7 k €
Debts	4,5 M €	+18.7%	3,8 M €	-11.1%	4,3 M €	+12.4%	3,8 M €	+39.4%	2,7 M €	+75.7%	1,6 M €	+27.8%	1,2 M €	+22.8%	994,4 k €	-5.6%	1,1 M €	-13.6%	1,2 M €	+4.5%	1,2 M €	-15.5%	1,4 M €	+3.8%	1,3 M €	-8.2%	1,4 M €	+6.4%	1,4 M €	+61.3%	843,8 k €	+11.7%	755,4 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		1,6 ETP	-72.9%	5,9 ETP	+18.0%	5,0 ETP	-7.4%	5,4 ETP	+1.9%	5,3 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 · 1 active · 6 ended

Active mandates

Euroshuffle

Director · since 10 novembre 2021 · 0883.111.358

Represented by Mario Van Belle

Active

Ended mandates

Euroshuffle

Director · since 23 septembre 2019 · 0883.111.358

Represented by Mario VAN BELLE

Ended

STUBBE NICO CONSTRUCT

Director · since 23 septembre 2019 · 0840.483.620

Represented by Stubbe Nico

Ended

NICO HAESEBROUCK

Manager · since 07 septembre 2004 · until 31 décembre 2006

Ended

ANDY VAN BELLE

Manager · since 01 août 2001 · until 31 décembre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP MAGI● Active	0828.450.175
MAGI CONSTRUCT● Active	0809.523.101
Packo Immo Schatting● Active	0842.516.561

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	30/07/2026	25/07/2025	24/07/2024	28/09/2023	25/07/2022	21/08/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	11/08/2023	30/06/2022	20/08/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	11/08/2023	28/09/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	20/08/2021	21/08/2021	Dutch	PDF
Abridged model	31/12/2019	28/08/2020	02/10/2020	Dutch	PDF
Micro model	30/09/2018	29/04/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	02/03/2018	02/05/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	15/05/2014	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	01/07/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/01/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	30/10/2007	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 · 1 active · 6 ended

Active mandates

Euroshuffle

Director · since 10 novembre 2021 · 0883.111.358

Represented by Mario Van Belle

Active

Ended mandates

Euroshuffle

Director · since 23 septembre 2019 · 0883.111.358

Represented by Mario VAN BELLE

Ended

STUBBE NICO CONSTRUCT

Director · since 23 septembre 2019 · 0840.483.620

Represented by Stubbe Nico

Ended

NICO HAESEBROUCK

Manager · since 07 septembre 2004 · until 31 décembre 2006

Ended

ANDY VAN BELLE

Manager · since 01 août 2001 · until 31 décembre 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2019
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other21/01/2013
ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring04/09/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/05/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates27/02/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2004
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 2025173,8 k €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023190 k €↓
2022
Annual accounts 2022750,8 k €↑
2021
Annual accounts 20218,7 k €↓
2018
Annual accounts 201835,7 k €↓
2017
Annual accounts 201766,3 k €↓
2016
Annual accounts 2016198,2 k €↑
2015
Annual accounts 2015-27,9 k €↓
2014
Annual accounts 201481,4 k €↓
2013
Annual accounts 2013113,7 k €↑
2011
Annual accounts 201111,4 k €↑
2010
Annual accounts 20102,6 k €↑
2009
Annual accounts 2009-15,6 k €↓
2008
Annual accounts 200823,6 k €↑
2007
Annual accounts 200715,4 k €↓
2006
Annual accounts 200619,4 k €
06/01/1997
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

MAGI

Overview

What does MAGI 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