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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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Magic - Home from Wortegem-Petegem, company number BE0435894640, closed financial year 2025 with a result of € -25,860 after tax. For that financial year Magic - Home recorded a gross margin of € -1,770 and equity of € 35,909. Compared with financial year 2024, the result moved from € 6,868 to € -25,860. 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 July 10, 2026.
€ 35,909
▼ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,860
▼ still € 6,868 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 29,712.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 28,228
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,203
▼ 35% vs 2024
Loans from banks and other lenders, long and short.
€ 16,246
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,155
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 | € 34,178 | € 12,045 | € 32,080 | € -1,770 | ▼ € 33,850 |
| Profit after taxes | € 2,347 | € -17,077 | € 6,868 | € -25,860 | ▼ € 32,728 |
| Equity | € 71,978 | € 54,901 | € 61,769 | € 35,909 | ▼ 42% |
| Total debts | € 90,162 | € 62,884 | € 75,317 | € 77,651 | ▲ 3% |
| Cash | - | - | € 3,155 | - | |
| Land & buildings | € 96,707 | € 85,967 | € 75,227 | € 64,487 | ▼ 14% |
| Retained profit | € 65,781 | € 48,704 | € 55,572 | € 29,712 | ▼ 47% |
| Bank debt | € 32,763 | € 22,401 | € 20,181 | € 13,203 | ▼ 35% |
| Balance sheet total | € 162,140 | € 117,785 | € 137,086 | € 113,560 | ▼ 17% |
Key figures of Magic - Home, 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 Magic - Home?
What happened at Magic - Home in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,860 (▼ € 32,728 vs 2024). Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,347 profit in 2022 to € 25,860 loss in 2025.
Paid € 12,654 in corporate taxes since 2022.
Best year ever: 2024, with € 6,868 profit.
Management
Behind Magic - Home is Paul Pauwels.
Directors
According to the 2025 annual accounts
Paul Pauwels
Manager
Establishments
Establishment units
Physical locations of this company
Vrankaartstraat (W.-M.) 4
9790 Wortegem-Petegem
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
- 0435.894.640
- VAT number
- BE 0435.894.640
- Registered office
- Vrankaartstraat (W.-M.) 4, 9790 Wortegem-Petegem
- Names & denominations
- Magic - Home
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 1988
- Peppol
- Active · Active since 5 Oct 2025
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