ACTIVE

MAGIC IMAGE

Financial year 2025 · closed on 31/12/2025
Net result
159,8 k €
+70.2% YoY
Gross margin
567,5 k €
+49.9% YoY
Equity
327,9 k €
+95.0% YoY
Workforce
1,6 ETP
0.0% YoY

What does MAGIC IMAGE do?

MAGIC IMAGE is a Public limited company incorporated in 1998. Its main activity is: Public relations and communication activities. Its registered office is in Forest. It employs on average 1,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0462.754.534
Incorporation
25/02/1998
Legal form
Public limited company
Registered office
Avenue Van Volxem 297
1190 Forest · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
1,6 ETP
Joint committees (1)
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242022202120202019201820172016201520142013201220112010
Income statement
Gross margin567,5 k €378,6 k €161,6 k €175,7 k €190,8 k €117,5 k €149,9 k €
EBITDA431,8 k €270,4 k €79 k €98,8 k €121,8 k €25,9 k €32,8 k €26,7 k €32 k €31,6 k €28,6 k €46,8 k €95,3 k €26,5 k €85,9 k €
Operating result240,8 k €79,4 k €-112,5 k €-91,1 k €-66,9 k €-87,2 k €-81,6 k €-87,3 k €-81,3 k €-80,6 k €-84,5 k €-63,9 k €-72,1 k €-85,1 k €-29,7 k €
Net result159,8 k €93,9 k €-122,6 k €-89,9 k €-63,9 k €-89,2 k €-86,4 k €-88,4 k €-84 k €-81,5 k €-85,6 k €-67,7 k €-91,7 k €-90,5 k €-52,5 k €
Balance sheet
Equity327,9 k €168,1 k €1,1 M €1,2 M €1,3 M €1,4 M €1,5 M €1,6 M €1,6 M €1,7 M €1,8 M €1,9 M €2 M €2 M €2,1 M €
Total assets3,7 M €6,4 M €5,5 M €5,9 M €6,3 M €1,6 M €1,5 M €1,6 M €1,7 M €1,7 M €1,9 M €1,9 M €2 M €2,2 M €2,3 M €
Cash35,1 k €34,2 k €16,1 k €62,3 k €70,2 k €5,4 k €7,6 k €2,9 k €29,5 k €75,7 k €19,6 k €21,3 k €22 k €20,8 k €32,8 k €
Debts1,8 M €4,5 M €2,3 M €2,4 M €2,5 M €228,9 k €82,4 k €97,5 k €21,7 k €19,6 k €68,5 k €30,1 k €50,6 k €103 k €123,8 k €
Other
Workforce1,6 ETP1,6 ETP1,7 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,8 ETP1,8 ETP2,0 ETP1,2 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 31/12/2025 · 3 active · 12 ended

Active mandates

nWave Studios

Director · since 30 juin 2024 · until 15 juin 2030 · 0441.838.364

Represented by Matthieu Zeller

Active
Matthieu Gondinet

Director · since 01 juin 2021 · until 15 juin 2027

Active
Matthieu Zeller

Managing director · since 01 juin 2021 · until 15 juin 2027

Active

Ended mandates

DSV 2D

Director · since 30 juin 2024 · until 15 juin 2030 · 0695.901.952

Represented by Matthieu Zeller

Ended
Matthieu Gondinet

Director · since 01 juin 2021 · until 01 juin 2027

Ended
Caroline Van Iseghem

Managing director · since 26 avril 2018 · until 15 juin 2024

Ended
DSV 2D

Director · since 26 avril 2018 · until 15 juin 2024 · 0695.901.952

Represented by Matthieu Zeller

Ended
At this address

Other companies at this address

CompanyCBE no.
nWave DigitalActive
0449.312.314
nW Digi PlusActive
0801.186.544
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/09/202624/06/202522/07/202404/07/202317/06/202222/06/2021
General meeting04/09/202619/06/202530/06/202430/06/202315/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/09/202607/09/2026FrenchPDF
Abridged model31/12/202419/06/202524/06/2025FrenchPDF
Abridged model31/12/202330/06/202422/07/2024FrenchPDF
Abridged model31/12/202230/06/202304/07/2023FrenchPDF
Abridged model31/12/202115/06/202217/06/2022FrenchPDF
Abridged model31/12/202015/06/202122/06/2021FrenchPDF
Full model31/12/201915/06/202017/06/2020FrenchPDF
Full model31/12/201817/06/201919/06/2019FrenchPDF
Full model31/12/201715/06/201815/06/2018FrenchPDF
Full model31/12/201615/06/201719/06/2017FrenchPDF
Full model31/12/201515/06/201622/06/2016FrenchPDF
Full model31/12/201415/06/201517/06/2015FrenchPDF
Full model31/12/201316/06/201420/06/2014FrenchPDF
Full model31/12/201217/06/201318/06/2013FrenchPDF
Abridged model30/06/201117/10/201122/12/2011FrenchPDF
Abridged model30/06/201021/10/201006/01/2011FrenchPDF
Abridged model30/06/200915/10/200923/10/2009FrenchPDF
Abridged model30/06/200815/10/200821/11/2008FrenchPDF
Abridged model30/06/200715/10/200703/12/2007FrenchPDF
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 31/12/2025 · 3 active · 12 ended

Active mandates

nWave Studios

Director · since 30 juin 2024 · until 15 juin 2030 · 0441.838.364

Represented by Matthieu Zeller

Active
Matthieu Gondinet

Director · since 01 juin 2021 · until 15 juin 2027

Active
Matthieu Zeller

Managing director · since 01 juin 2021 · until 15 juin 2027

Active

Ended mandates

DSV 2D

Director · since 30 juin 2024 · until 15 juin 2030 · 0695.901.952

Represented by Matthieu Zeller

Ended
Matthieu Gondinet

Director · since 01 juin 2021 · until 01 juin 2027

Ended
Caroline Van Iseghem

Managing director · since 26 avril 2018 · until 15 juin 2024

Ended
DSV 2D

Director · since 26 avril 2018 · until 15 juin 2024 · 0695.901.952

Represented by Matthieu Zeller

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/03/2026
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/11/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/02/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/12/2012
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025159,8 k €
  2. 2024
    Annual accounts 202493,9 k €
  3. 2022
    Annual accounts 2022-122,6 k €
  4. 2021
    Annual accounts 2021-89,9 k €
  5. 2020
    Annual accounts 2020-63,9 k €
  6. 2019
    Annual accounts 2019-89,2 k €
  7. 2018
    Annual accounts 2018-86,4 k €
  8. 2017
    Annual accounts 2017-88,4 k €
  9. 2016
    Annual accounts 2016-84 k €
  10. 2015
    Annual accounts 2015-81,5 k €
  11. 2014
    Annual accounts 2014-85,6 k €
  12. 2013
    Annual accounts 2013-67,7 k €
  13. 2012
    Annual accounts 2012-91,7 k €
  14. 2011
    Annual accounts 2011-90,5 k €
  15. 2010
    Annual accounts 2010-52,5 k €
  16. 25/02/1998
    IncorporationPublic limited company