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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
MAGOTTEAUX LIEGE from Chaudfontaine, company number BE0443936435, closed financial year 2025 with a result of € -5.7 million after tax. For that financial year MAGOTTEAUX LIEGE recorded revenue of € 36.7 million and equity of € -1.8 million. Compared with financial year 2024, the result moved from € -4.2 million to € -5.7 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ -1.8 million
▼ € 6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.7 million
▼ 35 % more loss than in 2024
Profit after tax over the fiscal year.
€ 39,046
▲ € 39,023 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15 million.
People and assets in 2025
155
▲ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.3 million
▼ 1% vs 2024
€ 85,700 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.
€ 130,637
▲ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6.2 million
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 2.8 million
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 47,040,877 | € 41,454,394 | € 36,383,914 | € 36,707,902 | ▲ 1% |
| Profit after taxes | € 879,036 | € 52,631 | € -4,239,693 | € -5,736,768 | ▼ € 1.5 million |
| Equity | € -2,564,662 | € 8,978,055 | € 4,188,474 | € -1,827,526 | ▼ € 6 million |
| Total debts | € 19,150,768 | € 13,243,986 | € 19,994,636 | € 25,540,210 | ▲ 28% |
| Cash | € 39,092 | € 3,723 | € 23 | € 39,046 | ▲ € 39,023 |
| Land & buildings | € 488,746 | € 570,492 | € 574,398 | € 588,890 | ▲ 3% |
| Retained profit | € -5,064,662 | € -5,012,031 | € -9,251,725 | € -14,988,492 | ▼ € 5.7 million |
| Bank debt | € 5,480,689 | € 0 | € 4,255,467 | € 0 | ▼ 100% |
| Balance sheet total | € 28,085,219 | € 26,224,919 | € 26,851,171 | € 25,880,485 | ▼ 4% |
| Employees (FTE) | 212.7 | 146.6 | 148.2 | 155 | ▲ 6.8 |
Key figures of MAGOTTEAUX LIEGE, 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 MAGOTTEAUX LIEGE?
What happened at MAGOTTEAUX LIEGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick VINCENT stepped down as director. NBB
- SPARAXIS SA stepped down as director. NBB
- DOMARC SRL stepped down as director. NBB
- Pablo ELTESCH stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.7 million. Source: NBB ↗
- Pablo ELTESCH became a director. NBB
- Patrick VINCENT became a director. NBB
- SPARAXIS SA became a director. NBB
In short
From € 879,036 profit in 2022 to € 5.7 million loss in 2025.
Paid € 102,840 in corporate taxes since 2022.
Best year ever: 2022, with € 879,036 profit.
Pays suppliers within 83 days on average.
A new publication or filing at MAGOTTEAUX LIEGE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Magotteaux International SA (57.4%) and WALLONIE ENTREPRENDRE (42.6%). It owns 0% of MAGOTTEAUX AUBRIVES SA itself.
Directors
According to the 2025 annual accounts
Patrick VINCENT
Director
since 2023 · until 2029
Director · represented by Yves MEURICE
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2023 · until 2029
Director · represented by Jean-Marc XHENSEVAL
Also active at: MAGOTTEAUX INTERNATIONAL, MAGOTTEAUX, SOREGAM
since 2018 · until 2029
Pablo ELTESCH
Director
since 2024 · until 2029
Shareholders
42.6%
Participations
Establishments
Establishment units
Physical locations of this company
Rue Prés de la Tour 55
4051 Chaudfontaine
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0443.936.435
- VAT number
- BE 0443.936.435
- Registered office
- Rue Prés de la Tour 55, 4051 Chaudfontaine
- Names & denominations
- MAGOTTEAUX LIEGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 1991
- Peppol
- Active · Active since 18 Nov 2025
- Contact
- +32/(04)3617617
- Activities · NACE
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