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.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAGDUTON from Brugge, company number BE0438069024, closed financial year 2025 with a result of € -16,572 after tax. For that financial year MAGDUTON recorded a gross margin of € 129,584 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -24,698 to € -16,572. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1.2 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,572
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 18,467
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 705,608.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 45,608
▲ 92% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 560,321
▼ 8% vs 2024
€ 75,054 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 7,213
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,986
▲ € 10,291 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 | € 706,335 | € 101,298 | € 125,586 | € 129,584 | ▲ 3% |
| Profit after taxes | € 458,019 | € -119,862 | € -24,698 | € -16,572 | ▲ € 8,126 |
| Equity | € 1,347,033 | € 1,227,171 | € 1,202,473 | € 1,185,902 | ▼ 1% |
| Total debts | € 400,798 | € 1,174,449 | € 891,802 | € 612,949 | ▼ 31% |
| Cash | € 508,781 | € 631,971 | € 219,427 | € 18,467 | ▼ 92% |
| Land & buildings | € 1,129,861 | € 1,791,251 | € 1,927,611 | € 1,850,720 | ▼ 4% |
| Retained profit | € 879,754 | € 759,892 | € 722,180 | € 705,608 | ▼ 2% |
| Dividend | € 34,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 339,034 | € 674,355 | € 607,179 | € 560,321 | ▼ 8% |
| Balance sheet total | € 1,900,234 | € 2,550,799 | € 2,237,320 | € 1,932,664 | ▼ 14% |
Key figures of MAGDUTON, 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 MAGDUTON?
What happened at MAGDUTON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,572. Source: NBB ↗
- Martine Depover became a director. NBB
- Bert Vanaudenaerde became a director. NBB
- Luc Vanaudenaerde became a director. NBB
- Bram Vanaudenaerde became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 458,019 profit in 2022 to € 16,572 loss in 2025.
Paid € 20,620 in corporate taxes since 2022.
Best year ever: 2022, with € 458,019 profit.
Paid out € 34,000 in dividends to the owners in total.
Management
Behind MAGDUTON are Martine Depover, Bert Vanaudenaerde, Luc Vanaudenaerde and Bram Vanaudenaerde. Bert Vanaudenaerde is also behind CHEZ ALBERT SHOPS, H.IT, Chez Albert Brussel, The Waffle Concept Company and Chez Albert & Friends. Bram Vanaudenaerde is also behind FLANDERS RETAIL CONCEPTS.
Directors
According to the 2025 annual accounts
Martine Depover
Director
since 2024
Bert Vanaudenaerde
Director
Also active at: CHEZ ALBERT SHOPS, H.IT, Chez Albert Brussel, The Waffle Concept Company, Chez Albert & Friends, BERVANA
since 2024
Luc Vanaudenaerde
Director
since 2024
since 2024
Establishments
Establishment units
Physical locations of this company
Breidelstraat 16
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →CHEZ ALBERT SHOPS same network
€ 1.6 million gross margin · 2025
H.IT same network
€ 169,570 gross margin · 2025
Chez Albert Brussel same network
€ 362,257 gross margin · 2025
The Waffle Group
The Waffle Concept Company same network
€ 422,166 gross margin · 2025
+2 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
- 0438.069.024
- VAT number
- BE 0438.069.024
- Registered office
- Breidelstraat 16, 8000 Brugge
- Names & denominations
- MAGDUTON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 1989
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
Activiteiten van holdings
Holdings