Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MAGRO from Kuurne, company number BE0420125113, closed financial year 2025 with a result of € -4,443 after tax. For that financial year MAGRO recorded a gross margin of € 55,878 and equity of € 104,263. Compared with financial year 2024, the result moved from € -4,898 to € -4,443. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 104,263
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,443
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 116,526
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 85,671.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 53,110
▲ 215% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,333
▼ 86% vs 2024
Loans from banks and other lenders, long and short.
€ 110,048
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,631
▲ 195% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 69,250 | € 14,264 | € 20,655 | € 55,878 | ▲ 171% |
| Profit after taxes | € 15,882 | € -19,567 | € -4,898 | € -4,443 | ▲ € 454 |
| Equity | € 133,171 | € 113,604 | € 108,706 | € 104,263 | ▼ 4% |
| Total debts | € 419,127 | € 245,033 | € 262,517 | € 281,779 | ▲ 7% |
| Cash | € 75,649 | € 71,218 | € 91,807 | € 116,526 | ▲ 27% |
| Land & buildings | € 4,547 | € 3,437 | € 2,327 | € 26,217 | ▲ € 23,890 |
| Retained profit | € 114,579 | € 95,012 | € 90,114 | € 85,671 | ▼ 5% |
| Bank debt | € 27,583 | € 19,583 | € 9,333 | € 1,333 | ▼ 86% |
| Balance sheet total | € 552,298 | € 358,637 | € 371,223 | € 386,042 | ▲ 4% |
Key figures of MAGRO, 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 MAGRO?
What happened at MAGRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,443. Source: NBB ↗
- Sophie Maes became a director. NBB
- Luc Maes became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,882 profit in 2022 to € 4,443 loss in 2025.
Paid € 8,678 in corporate taxes since 2022.
Best year ever: 2022, with € 15,882 profit.
Management
Behind MAGRO are Luc Maes and Sophie Maes.
Directors
According to the 2025 annual accounts
Luc Maes
Director
since 2008
Sophie Maes
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Wandelinglaan 38
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.125.113
- VAT number
- BE 0420.125.113
- Registered office
- Wandelinglaan 38, 8520 Kuurne
- Names & denominations
- MAGRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 1980
- Peppol
- Active · Active since 28 Dec 2025
- Activities · NACE
Groothandel in levend vee
Groothandel in levende dieren
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden
Gemengd landbouwbedrijf