ACTIVE

MAGAP

Export PDF
Financial year 2026 · closed on 31/01/2026
Net result
261,3 k €
+207470.1% YoY
Gross margin
261,8 k €
+92278.0% YoY
Equity
-3,9 k €
+98.5% YoY

What does MAGAP do?

MAGAP is a Private limited company incorporated in 2011. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.750.047
Incorporation
07/01/2011
Legal form
Private limited company
Registered office
Place du Samedi 1
1000 Bruxelles · BruxellesSee on map
Contributed capital
6 200,00 €
Latest accounts
31/01/2026
Joint committees (2)
  • 100
  • 201
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20262025202420232022202120202019201820172016201520142013
Income statement
Gross margin261,8 k €283,4 €-1,8 k €-75,9 €3 k €-3,4 k €84,9 k €-4,6 k €38,1 k €1,6 M €1,6 M €1,8 M €1,8 M €1,5 M €
EBITDA261,8 k €283,4 €-2,2 k €-75,9 €2,9 k €-3,4 k €56,9 k €-3,9 k €34,6 k €1,2 M €370,7 k €367,5 k €184,4 k €383,2 k €
Operating result261,8 k €283,4 €-2,2 k €-75,9 €2,9 k €-3,4 k €56,9 k €-3,9 k €34,6 k €145,5 k €-64,2 k €-70,4 k €-195 k €100,5 k €
Net result261,3 k €125,9 €-2,4 k €-225,9 €2,8 k €-3,6 k €56,3 k €-5 k €29,9 k €117,4 k €-124,6 k €-147,1 k €-262,2 k €28,6 k €
Balance sheet
Equity-3,9 k €-265,2 k €-265,3 k €-262,9 k €-262,7 k €-265,5 k €-261,9 k €-318,1 k €-313,2 k €-343 k €-460,5 k €-335,8 k €-188,8 k €73,4 k €
Total assets294 €27,6 k €27,9 k €29,1 k €29,7 k €28,2 k €27,8 k €29,3 k €28,3 k €1,3 M €2,7 M €2 M €2,3 M €2,4 M €
Cash0 €204,3 €462,8 €2 k €2,4 k €496,4 €–––29,6 k €60,6 k €112 k €49,7 k €45 k €
Debts4,2 k €265,9 k €266,2 k €265,1 k €265,4 k €266,8 k €262,7 k €347,5 k €341,4 k €1,6 M €3,1 M €2,2 M €2,4 M €2,3 M €
Other
Workforce–––––––––8,9 ETP29,0 ETP35,4 ETP38,9 ETP31,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/01/2026 · 1 active · 6 ended

Active mandates

Elie APPELSTEIN

Director

Active

Ended mandates

Elie APPELSTEIN

Manager · since 02 janvier 2019

Ended
David Appelstein

Associate · since 13 janvier 2011 · until 31 janvier 2014

Ended
Elie Appelstein

Associate · since 13 janvier 2011 · until 31 janvier 2014

Ended
David Appelstein

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
ALPHASTEIN● Active
0788.319.988
A & S DISTRIBUTION● Active
0473.945.166
BLUE STORES● Active
0446.908.395
FAMCO● Active
0477.805.271
G2G FASHION● Active
1034.133.034
IMMO APPELS● Active
0449.442.570
L&L RETAIL BELGIUM● Active
0502.938.862
LMServices● Active
0637.841.613
MZL IMMO● Active
0874.915.056
PP RETAIL HOLDING● Active
0833.211.687
PP RETAIL SERVICES● Active
0847.985.282
QS LOGISTICS● Active
0740.801.173
STEINCO● Active
0746.551.689
WATERDROPS● Active
0642.986.967
Annual accounts

Full financial information

202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/02/202501/02/202401/02/202301/02/202201/02/202101/02/2020
Closing of the financial year31/01/202631/01/202531/01/202431/01/202331/01/202231/01/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202605/08/202512/07/202401/08/202304/08/202230/07/2021
General meeting–04/07/202505/07/202403/07/202301/07/202202/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/01/2026—27/08/2026FrenchPDF
Abridged model31/01/202504/07/202505/08/2025FrenchPDF
Abridged model31/01/202405/07/202412/07/2024FrenchPDF
Abridged model31/01/202303/07/202301/08/2023FrenchPDF
Abridged model31/01/202201/07/202204/08/2022FrenchPDF
Micro model31/01/202102/07/202130/07/2021FrenchPDF
Micro model31/01/202003/07/202023/09/2020FrenchPDF
Abridged model31/01/201905/07/201917/07/2019FrenchPDF
Abridged model31/01/201806/07/201809/08/2018FrenchPDF
Abridged model31/01/201707/07/201729/08/2017FrenchPDF
Abridged model31/01/201601/07/201620/07/2016FrenchPDF
Abridged model31/01/201503/07/201531/08/2015DutchPDF
Abridged model31/01/201404/07/201428/08/2014FrenchPDF
Abridged model31/01/201305/07/201330/09/2013FrenchPDF
Abridged model31/01/201207/10/201203/12/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/01/2026 · 1 active · 6 ended

Active mandates

Elie APPELSTEIN

Director

Active

Ended mandates

Elie APPELSTEIN

Manager · since 02 janvier 2019

Ended
David Appelstein

Associate · since 13 janvier 2011 · until 31 janvier 2014

Ended
Elie Appelstein

Associate · since 13 janvier 2011 · until 31 janvier 2014

Ended
David Appelstein

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Court decision12/05/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Mandates06/03/2024
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office06/12/2022
    SIEGE SOCIAL
    PDF
  • Mandates01/08/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/09/2018
    SIEGE SOCIAL
    PDF
  • Mandates06/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2016
    MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2026
    Annual accounts 2026261,3 k €↑
  2. 2025
    Annual accounts 2025125,9 €↑
  3. 2024
    Annual accounts 2024-2,4 k €↓
  4. 2023
    Annual accounts 2023-225,9 €↓
  5. 2022
    Annual accounts 20222,8 k €↑
  6. 2021
    Annual accounts 2021-3,6 k €↓
  7. 2020
    Annual accounts 202056,3 k €↑
  8. 2019
    Annual accounts 2019-5 k €↓
  9. 2018
    Annual accounts 201829,9 k €↓
  10. 2017
    Annual accounts 2017117,4 k €↑
  11. 2016
    Annual accounts 2016-124,6 k €↑
  12. 2015
    Annual accounts 2015-147,1 k €↑
  13. 2014
    Annual accounts 2014-262,2 k €↓
  14. 2013
    Annual accounts 201328,6 k €
  15. 07/01/2011
    IncorporationPrivate limited company