ACTIVE

MAGE CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

38,0 k €

-45.1% YoY

Gross margin

343,5 k €

+21.8% YoY

Equity

1,5 M €

+2.5% YoY

Workforce

1,0 ETP

-50.0% YoY

What does MAGE CONSTRUCT do?

MAGE CONSTRUCT is a Private limited company incorporated in 2004. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Frameries. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.371.793

Incorporation

03/12/2004

Legal form

Private limited company

Registered office

Rue Jules Cousin 18 box B
7080 Frameries · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment 41001Construction of buildings 41201Construction of residential and non-residential buildings 41003Construction of buildings+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	343,5 k €	+21.8%	282,0 k €	+31.8%	213,9 k €	-24.2%	282,2 k €	-48.9%	552,0 k €	+51.9%	363,4 k €	-31.0%	526,6 k €	+22.6%	429,4 k €	+23.0%	349,2 k €	+25.0%	279,4 k €	+14.9%	243,1 k €	-2.5%	249,4 k €	-35.0%	383,5 k €	+62.8%	235,6 k €	+34.6%	175,1 k €	+5.8%	165,4 k €	+48.9%	111,1 k €	+27.3%	87,3 k €	+5.9%	82,5 k €	-16.9%	99,3 k €
EBITDA	92,8 k €	-29.1%	130,9 k €	+34.9%	97,1 k €	-31.1%	141,0 k €	-66.3%	418,6 k €	+59.7%	262,1 k €	-37.7%	420,8 k €	+49.1%	282,2 k €	+32.0%	213,8 k €	+42.9%	149,7 k €	-4.8%	157,3 k €	-10.7%	176,1 k €	-43.7%	313,0 k €	+83.4%	170,7 k €	+60.7%	106,2 k €	+6.6%	99,6 k €	+33.9%	74,4 k €	+28.8%	57,7 k €	-1.3%	58,5 k €	-36.2%	91,7 k €
Operating result	72,9 k €	-33.1%	109,0 k €	+41.6%	76,9 k €	-30.0%	109,9 k €	-71.0%	378,8 k €	+68.2%	225,2 k €	-22.5%	290,5 k €	+18.1%	245,9 k €	+36.1%	180,6 k €	+25.4%	144,0 k €	-4.2%	150,3 k €	-6.2%	160,2 k €	-46.2%	297,6 k €	+94.0%	153,4 k €	+62.4%	94,4 k €	+5.1%	89,8 k €	+124%	40,0 k €	-13.9%	46,5 k €	-2.8%	47,8 k €	+18847%	-255,0 €
Net result	38,0 k €	-45.1%	69,3 k €	+45.6%	47,6 k €	-30.0%	68,0 k €	-74.1%	262,9 k €	+61.7%	162,5 k €	-14.3%	189,6 k €	+50.4%	126,1 k €	+2439%	5,0 k €	-94.6%	92,8 k €	-5.7%	98,5 k €	+22.7%	80,2 k €	-58.7%	194,1 k €	+106%	94,1 k €	+48.6%	63,3 k €	+21.5%	52,1 k €	+149%	20,9 k €	-25.7%	28,2 k €	-2.6%	28,9 k €	+211%	9,3 k €
Balance sheet
Equity	1,5 M €	+2.5%	1,5 M €	+4.9%	1,4 M €	+3.4%	1,4 M €	+5.2%	1,3 M €	+19.9%	1,1 M €	+8.2%	1,0 M €	+23.1%	821,5 k €	+14.8%	715,4 k €	-1.8%	728,4 k €	+14.6%	635,6 k €	+18.3%	537,1 k €	+17.6%	456,9 k €	+73.9%	262,7 k €	+58.0%	166,3 k €	+16.3%	143,0 k €	+57.2%	91,0 k €	+29.9%	70,0 k €	+67.2%	41,9 k €	+223%	13,0 k €
Total assets	2,3 M €	+5.9%	2,2 M €	+9.0%	2,0 M €	-12.7%	2,3 M €	+3.8%	2,2 M €	-2.4%	2,3 M €	+24.6%	1,8 M €	+9.7%	1,7 M €	+2.1%	1,6 M €	+39.7%	1,2 M €	+10.9%	1,1 M €	-6.0%	1,1 M €	+21.4%	921,2 k €	-8.4%	1,0 M €	+27.4%	789,5 k €	+14.2%	691,2 k €	+62.7%	424,8 k €	+1.8%	417,2 k €	+40.2%	297,6 k €	+45.5%	204,5 k €
Cash	223,4 k €	-44.6%	403,1 k €	+41.1%	285,7 k €	-59.9%	712,5 k €	-31.9%	1,0 M €	-8.3%	1,1 M €	+27.6%	893,9 k €	+96.6%	454,6 k €	-18.5%	557,8 k €	+193%	190,6 k €	-17.1%	230,0 k €	-10.9%	257,9 k €	-15.0%	303,4 k €	-22.7%	392,7 k €	+138%	164,9 k €	-51.5%	339,7 k €	+64.3%	206,7 k €	+90.2%	108,7 k €	+123%	48,8 k €	+216%	15,5 k €
Debts	786,5 k €	+13.3%	694,3 k €	+19.0%	583,3 k €	-36.9%	924,5 k €	+1.8%	908,4 k €	-22.9%	1,2 M €	+45.2%	812,1 k €	-3.5%	841,7 k €	-7.4%	908,7 k €	+109%	434,4 k €	+4.5%	415,6 k €	-28.5%	581,0 k €	+25.1%	464,4 k €	-37.5%	743,1 k €	+19.2%	623,2 k €	+13.7%	548,2 k €	+64.2%	333,8 k €	-3.9%	347,2 k €	+35.8%	255,7 k €	+33.5%	191,6 k €
Other
Workforce	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	-13.0%	2,3 ETP	-23.3%	3,0 ETP	+3.4%	2,9 ETP	+45.0%	2,0 ETP	-25.9%	2,7 ETP	+8.0%	2,5 ETP	-7.4%	2,7 ETP	+17.4%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	-8.0%	2,5 ETP	+92.3%	1,3 ETP	-7.1%	1,4 ETP	+7.7%	1,3 ETP	+30.0%	1,0 ETP	+25.0%	0,8 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 31/12/2025 · 1 active · 1 ended

Active mandates

Antony D'Angelo

Director

Active

Ended mandates

ANTONY D'ANGELO

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ADJ IMMO● Active	0886.867.733
I.M.F.C.● Active	0829.531.627
JTS-IMMOS● Active	1016.995.510

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	31/08/2026	29/08/2025	31/08/2024	11/01/2024	31/08/2022	01/12/2021
General meeting	28/08/2026	28/08/2025	31/07/2024	29/09/2023	22/08/2022	08/11/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/08/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	28/08/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	31/07/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	29/09/2023	11/01/2024	French	PDF
Abridged model	31/12/2021	22/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	08/11/2021	01/12/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	26/10/2020	French	PDF
Abridged model	31/12/2018	07/10/2019	10/10/2019	French	PDF
Abridged model	31/12/2017	01/10/2018	04/10/2018	French	PDF
Abridged model	31/12/2016	15/09/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	29/09/2016	03/10/2016	French	PDF
Abridged model	31/12/2014	29/09/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	03/09/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	09/10/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	24/10/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	13/10/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	24/11/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	30/11/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	13/10/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	28/09/2007	French	PDF

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 31/12/2025 · 1 active · 1 ended

Active mandates

Antony D'Angelo

Director

Active

Ended mandates

ANTONY D'ANGELO

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/07/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates12/08/2005
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF
Other17/12/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202538,0 k €↓
2024
Annual accounts 202469,3 k €↑
2023
Annual accounts 202347,6 k €↓
2022
Annual accounts 202268,0 k €↓
2021
Annual accounts 2021262,9 k €↑
2020
Annual accounts 2020162,5 k €↓
2019
Annual accounts 2019189,6 k €↑
2018
Annual accounts 2018126,1 k €↑
2017
Annual accounts 20175,0 k €↓
2016
Annual accounts 201692,8 k €↓
2015
Annual accounts 201598,5 k €↑
2014
Annual accounts 201480,2 k €↓
2013
Annual accounts 2013194,1 k €↑
2012
Annual accounts 201294,1 k €↑
2011
Annual accounts 201163,3 k €↑
2010
Annual accounts 201052,1 k €↑
2009
Annual accounts 200920,9 k €↓
2008
Annual accounts 200828,2 k €↓
2007
Annual accounts 200728,9 k €↑
2006
Annual accounts 20069,3 k €
03/12/2004
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

MAGE CONSTRUCT

Overview

What does MAGE CONSTRUCT do?

Trend over 20 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