NORMAL SITUATION

Magabel

Financial year 2025 · closed on 31/12/2025
Net result
101,5 k €
+41.0% YoY
Gross margin
4,5 M €
-27.4% YoY
Equity
1,3 M €
+59.3% YoY
Workforce
171,2 ETP
-3.4% YoY

Company — Normal situation.

What does Magabel do?

Magabel is a company registered in Belgium. It employs on average 171,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0807.051.480
Legal form
Private limited company
Contributed capital
488 200,00 €
Latest accounts
31/12/2025
Average workforce
171,2 ETP
Joint committees (5)
  • 100
  • 200
  • 218
  • 32201
  • 3221
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120192018201720162015201420132012201120102009
Income statement
Gross margin4,5 M €6,2 M €6,1 M €8,7 M €5,2 M €4,8 M €4,6 M €4,7 M €3,7 M €1,8 M €1,8 M €1,6 M €1,5 M €436,8 k €7,2 k €4,3 k €
EBITDA188,4 k €225 k €261,7 k €623,5 k €286 k €243,2 k €97,9 k €234,6 k €180,9 k €53,8 k €31 k €47,8 k €187,5 k €53,9 k €7,2 k €4,3 k €
Operating result144,3 k €150,7 k €196,8 k €541,4 k €252,9 k €207,2 k €50,1 k €203,6 k €149,7 k €31,9 k €10,4 k €28,7 k €181,2 k €46,1 k €3,4 k €2,4 k €
Net result101,5 k €72 k €90,1 k €353 k €268,4 k €27,7 k €-30,3 k €70,9 k €34,7 k €-24,1 k €-45,8 k €-185 €169 k €26,7 k €3,4 k €2,4 k €
Balance sheet
Equity1,3 M €815,7 k €791,8 k €761,7 k €598,7 k €201,5 k €173,8 k €204,1 k €133,2 k €98,5 k €122,6 k €168,4 k €183,6 k €14,6 k €11,9 k €8,6 k €
Total assets2,7 M €2 M €2,1 M €2 M €2 M €2,1 M €1,6 M €1,6 M €1,2 M €664,2 k €747 k €820,7 k €498,1 k €223 k €113,1 k €17,4 k €
Cash563,8 k €1,1 M €1,1 M €1,2 M €877,3 k €1,2 M €748 k €604,3 k €381 k €111,6 k €94,3 k €235,2 k €113,5 k €83,1 k €42,8 k €9,4 k €
Debts1,3 M €1,2 M €1,3 M €1,2 M €1,4 M €1,9 M €1,4 M €1,4 M €1 M €565,7 k €624,5 k €652,3 k €314,5 k €208,4 k €92,5 k €454 €
Other
Workforce171,2 ETP177,2 ETP176,3 ETP176,2 ETP168,6 ETP157,3 ETP153,1 ETP149,1 ETP117,6 ETP56,0 ETP53,0 ETP44,2 ETP34,5 ETP30,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

HERSTORY

Director · since 19 septembre 2025 · 0659.668.195

Represented by Marie Madeleine Devo

Active

Ended mandates

Agnieszka Czeczko

Director · since 01 mai 2020

Ended
Mélanie Pfaff

Director · since 01 avril 2018

Ended
Mélanie Pfaff

Administrator - manager · since 01 avril 2018

Ended
Eurosolution

Manager · since 07 janvier 2013 · 0831.584.166

Represented by Agnieszka CZECZKO

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/06/202101/06/202001/06/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/05/202131/05/2020
Length of the financial year12 months12 months12 months19 months12 months12 months
Filing date31/08/202629/07/202529/08/202419/07/202330/12/202109/02/2021
General meeting28/08/202615/05/202526/08/202430/06/202327/12/202115/01/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/08/202631/08/2026FrenchPDF
Abridged model31/12/202415/05/202529/07/2025FrenchPDF
Abridged model31/12/202326/08/202429/08/2024FrenchPDF
Abridged model31/12/202230/06/202319/07/2023FrenchPDF
Abridged model31/05/202127/12/202130/12/2021FrenchPDF
Abridged model31/05/202015/01/202109/02/2021FrenchPDF
Abridged model31/05/201928/10/201902/12/2019FrenchPDF
Abridged model31/05/201827/11/201829/11/2018FrenchPDF
Abridged model31/05/201727/11/201726/12/2017FrenchPDF
Abridged model31/05/201631/10/201621/12/2016FrenchPDF
Abridged model31/05/201502/11/201527/04/2016FrenchPDF
Abridged model31/05/201430/05/201530/06/2015FrenchPDF
Abridged model31/05/201302/05/201415/05/2014FrenchPDF
Abridged model31/05/201229/10/201223/08/2013FrenchPDF
Abridged model31/05/201131/10/201131/01/2012FrenchPDF
Abridged model31/05/201020/12/201029/01/2011FrenchPDF
Abridged model31/05/200926/10/200923/12/2009FrenchPDF
Estimate

Indicative valuation

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 · 10 ended

Active mandates

HERSTORY

Director · since 19 septembre 2025 · 0659.668.195

Represented by Marie Madeleine Devo

Active

Ended mandates

Agnieszka Czeczko

Director · since 01 mai 2020

Ended
Mélanie Pfaff

Director · since 01 avril 2018

Ended
Mélanie Pfaff

Administrator - manager · since 01 avril 2018

Ended
Eurosolution

Manager · since 07 janvier 2013 · 0831.584.166

Represented by Agnieszka CZECZKO

Ended
Shareholders

Ownership and network

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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 2025101,5 k €
  2. 2024
    Annual accounts 202472 k €
  3. 2023
    Annual accounts 202390,1 k €
  4. 2022
    Annual accounts 2022353 k €
  5. 2021
    Annual accounts 2021268,4 k €
  6. 2019
    Annual accounts 201927,7 k €
  7. 2018
    Annual accounts 2018-30,3 k €
  8. 2017
    Annual accounts 201770,9 k €
  9. 2016
    Annual accounts 201634,7 k €
  10. 2015
    Annual accounts 2015-24,1 k €
  11. 2014
    Annual accounts 2014-45,8 k €
  12. 2013
    Annual accounts 2013-185 €
  13. 2012
    Annual accounts 2012169 k €
  14. 2011
    Annual accounts 201126,7 k €
  15. 2010
    Annual accounts 20103,4 k €
  16. 2009
    Annual accounts 20092,4 k €