Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
38 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SGM MAGNETICS from Nivelles, company number BE0408406721, closed financial year 2025 with a result of € 248,809 after tax. For that financial year SGM MAGNETICS recorded revenue of € 1.6 million and equity of € 22.9 million. Compared with financial year 2024, the result moved from € -221,273 to € 248,809. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 22.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 248,809
▲ still € 221,273 loss in 2024
Profit after tax over the fiscal year.
€ 186,832
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -8.5 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 215,820
▲ 40% vs 2024
€ 215,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,966
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 million
▼ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 794,519
▲ 108% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 212 days on average.
€ 67,465
▲ 208% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 841,671 | € 1,975,680 | € 1,665,132 | € 1,619,346 | ▼ 3% |
| Profit after taxes | € -46,770 | € -5,393,796 | € -221,273 | € 248,809 | ▲ € 470,082 |
| Equity | € 3,898,261 | € 22,904,465 | € 22,683,192 | € 22,932,000 | ▲ 1% |
| Total debts | € 27,112,856 | € 4,015,154 | € 3,931,160 | € 3,734,843 | ▼ 5% |
| Cash | € 65,374 | € 2,773 | € 314,689 | € 186,832 | ▼ 41% |
| Retained profit | € -3,104,233 | € -8,498,029 | € -8,719,302 | € -8,470,494 | ▲ € 248,808 |
| Bank debt | € 26,800,625 | € 3,433,564 | € 3,346,516 | € 2,810,731 | ▼ 16% |
| Balance sheet total | € 31,011,117 | € 26,919,619 | € 26,614,352 | € 26,666,843 | |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of SGM MAGNETICS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SGM MAGNETICS?
What happened at SGM MAGNETICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Haegelsteen stepped down as director. NBB
- Didier Haegelsteen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 248,809. Source: NBB ↗
- KD Management srl became a director. NBB
- Didier Haegelsteen became a director. NBB
- Philippe Haegelsteen became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Nivelles. KBO
In short
From € 46,770 loss in 2022 to € 248,809 profit in 2025.
Paid € 1,332 in corporate taxes since 2022.
Best year ever: 2025, with € 248,809 profit.
Management
The stake of '' REWEST HOLDING'' comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SGM MAGNETICSBehind SGM MAGNETICS is KD Management srl. The shares are held by '' REWEST HOLDING'' (100%). It owns SGM(China) Technology Co, Ltd, SGM magnetics Corporation, SGM magnetics SPA, SGM Magnetics UK, SGM (Hubei) Technologies Co, Ltd and SGM Magnetics India Private Limited itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Karin Dewère
Also active at: '' REWEST HOLDING''
since 2025
since 2021 · until 2027
Didier Haegelsteen
Managing director
since 2022 · until 2027
Shareholders
100%
Participations
SGM(China) Technology Co, Ltd
SGM magnetics Corporation
SGM Magnetics UK
SGM (Hubei) Technologies Co, Ltd
SGM Magnetics India Private Limited
SGM Magnetics GmbH
Establishments
Establishment units
Physical locations of this company
Rue de l'Industrie 20
1400 Nivelles
Rue du Commerce 19
1400 Nivelles
Active since 1 August 1971
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 38 companies are registered at this address.
All companies at this address →Optimum Management
€ 24,452 gross margin · 2025
Centre d'accompagnement de projets innovants
€ 1.5 million gross margin · 2025
VAN BEVEREN
€ 13.9 million revenue · 2025
Nivelles Entreprises
VIMEDI
€ 65,847 gross margin · 2025
+33 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0408.406.721
- VAT number
- BE 0408.406.721
- Registered office
- Rue de l'Industrie 20, 1400 Nivelles
- Names & denominations
- SGM MAGNETICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 1971
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Vervaardiging van bouten, schroeven en moeren
Vervaardiging van metalen constructiewerken en delen daarvan
Activiteiten van holdings
Holdings