What is the address of MAGECO?

The registered office of MAGECO is located at Gaverlandstraat 1, 9031 Gent.

Is MAGECO still active?

Yes. According to the CBE (29 October 2026) MAGECO is active, legal situation “Normale toestand”, started on 30 October 1991.

Is MAGECO registered on Peppol?

Yes, MAGECO is registered on the Peppol network with ID 0208:0445654820.

What is the enterprise number of MAGECO?

The enterprise number of MAGECO is BE0445654820.

When was MAGECO founded?

MAGECO was founded on 30 October 1991.

Who are the directors of MAGECO?

According to the 2024 annual accounts, the directors of MAGECO are: Greta De Leenheer, John Geernaert.

Is MAGECO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 October 1991; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did MAGECO make in 2024?

MAGECO posted a profit after taxes of € 94,228 in financial year 2024.

What is the revenue of MAGECO?

As a small company, MAGECO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 437,710.

How many employees does MAGECO have?

According to the 2024 annual accounts, MAGECO has 0 full-time equivalents (FTE).

MAGECO (Private Limited) - Gent - BE0445654820

Q: What does MAGECO do?

MAGECO is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 30 October 1991, 1 establishment.

Dossier MAGECO, printed on 29 October 2026 from databakkes.be/en/0445654820/mageco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 40 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

MAGECO from Gent, company number BE0445654820, closed financial year 2024 with a result of € 94,228 after tax. For that financial year MAGECO recorded a gross margin of € 437,710 and equity of € 2.2 million. Compared with financial year 2023, the result moved from € 1,006 to € 94,228. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2025.

What it is worth Growing

€ 2.2 million

▲ 5% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 94,228

▲ € 93,222 vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 316,485

▲ 287% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 1.1 million.

People and assets in 2024

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Vehicles and equipment

€ 2.1 million

▼ 5% vs 2023

Of which on lease € 2 million.

Debts at end 2024

Bank debt ≈ 9 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.7 million

▼ 10% vs 2023

€ 203,571 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 289,861

▲ 22% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 14,321

▲ € 13,184 vs 2023

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 722,469 Gross margin 2021: € 722,469 First fiscal year in the series	€ 104,079 Gross margin 2022: € 104,079 ▼ 86% vs 2021 (€ 722,469) Unfavourable step	€ 181,566 Gross margin 2023: € 181,566 ▲ 74% vs 2022 (€ 104,079) Favourable step	€ 437,710 Gross margin 2024: € 437,710 ▲ 141% vs 2023 (€ 181,566) Favourable step	▲ 141%
Profit after taxes	€ 375,449 Profit after taxes 2021: € 375,449 First fiscal year in the series	€ -63,339 Profit after taxes 2022: € -63,339 ▼ € 438,788 vs 2021 (€ 375,449) Unfavourable step	€ 1,006 Profit after taxes 2023: € 1,006 ▲ € 64,345 vs 2022 (€ -63,339) Favourable step	€ 94,228 Profit after taxes 2024: € 94,228 ▲ € 93,222 vs 2023 (€ 1,006) Favourable step	▲ € 93,222
Equity	€ 2,155,602 Equity 2021: € 2,155,602 First fiscal year in the series	€ 2,092,262 Equity 2022: € 2,092,262 ▼ 3% vs 2021 (€ 2,155,602) Unfavourable step	€ 2,093,269 Equity 2023: € 2,093,269 Unchanged (€ 2,092,262) Favourable step	€ 2,187,496 Equity 2024: € 2,187,496 ▲ 5% vs 2023 (€ 2,093,269) Favourable step	▲ 5%
Total debts	€ 4,363,817 Total debts 2021: € 4,363,817 First fiscal year in the series	€ 4,289,971 Total debts 2022: € 4,289,971 ▼ 2% vs 2021 (€ 4,363,817) Favourable step	€ 4,196,948 Total debts 2023: € 4,196,948 ▼ 2% vs 2022 (€ 4,289,971) Favourable step	€ 4,508,445 Total debts 2024: € 4,508,445 ▲ 7% vs 2023 (€ 4,196,948) Unfavourable step	▲ 7%
Cash	€ 595,064 Cash 2021: € 595,064 First fiscal year in the series	€ 35,628 Cash 2022: € 35,628 ▼ 94% vs 2021 (€ 595,064) Unfavourable step	€ 81,831 Cash 2023: € 81,831 ▲ 130% vs 2022 (€ 35,628) Favourable step	€ 316,485 Cash 2024: € 316,485 ▲ 287% vs 2023 (€ 81,831) Favourable step	▲ 287%
Land & buildings	€ 1,522,677 Land & buildings 2021: € 1,522,677 First fiscal year in the series	€ 1,476,364 Land & buildings 2022: € 1,476,364 ▼ 3% vs 2021 (€ 1,522,677) Unchanged	€ 1,435,452 Land & buildings 2023: € 1,435,452 ▼ 3% vs 2022 (€ 1,476,364) Unchanged	€ 1,318,066 Land & buildings 2024: € 1,318,066 ▼ 8% vs 2023 (€ 1,435,452) Unchanged	▼ 8%
Retained profit	€ 1,080,602 Retained profit 2021: € 1,080,602 First fiscal year in the series	€ 1,017,262 Retained profit 2022: € 1,017,262 ▼ 6% vs 2021 (€ 1,080,602) Unfavourable step	€ 1,018,269 Retained profit 2023: € 1,018,269 Unchanged (€ 1,017,262) Favourable step	€ 1,112,496 Retained profit 2024: € 1,112,496 ▲ 9% vs 2023 (€ 1,018,269) Favourable step	▲ 9%
Bank debt	€ 2,293,117 Bank debt 2021: € 2,293,117 First fiscal year in the series	€ 2,122,061 Bank debt 2022: € 2,122,061 ▼ 7% vs 2021 (€ 2,293,117) Favourable step	€ 1,932,804 Bank debt 2023: € 1,932,804 ▼ 9% vs 2022 (€ 2,122,061) Favourable step	€ 1,736,234 Bank debt 2024: € 1,736,234 ▼ 10% vs 2023 (€ 1,932,804) Favourable step	▼ 10%
Balance sheet total	€ 6,913,471 Balance sheet total 2021: € 6,913,471 First fiscal year in the series	€ 6,763,646 Balance sheet total 2022: € 6,763,646 ▼ 2% vs 2021 (€ 6,913,471) Unchanged	€ 6,658,991 Balance sheet total 2023: € 6,658,991 ▼ 2% vs 2022 (€ 6,763,646) Unchanged	€ 7,126,990 Balance sheet total 2024: € 7,126,990 ▲ 7% vs 2023 (€ 6,658,991) Unchanged	▲ 7%

Key figures of MAGECO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to MAGECO?

What happened at MAGECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 28, 2025 New annual accounts for financial year 2024: profit of € 94,228 (▲ € 93,222 vs 2023). filed late Source: NBB ↗
Nov 20, 1991 New establishment in Gent. KBO
Oct 30, 1991 Start of the company according to the CBE. KBO

In short

From € 375,449 profit in 2021 to € 94,228 profit in 2024.

Paid € 2,617 in corporate taxes since 2021.

Best year ever: 2021, with € 375,449 profit.

Original PDFs at the National Bank ↗

Management

Greta De Leenheer

John Geernaert

MAGECO

Mikeppe 99.8%

Belco Flanders 40%

Green-Corner 23.2%

Behind MAGECO are Greta De Leenheer and John Geernaert. It owns 99.8% of Mikeppe, 40% of Belco Flanders and 23.2% of Green-Corner itself.

Directors

According to the 2024 annual accounts

Greta De Leenheer

Director

John Geernaert

Director

Also active at: GREEN-CORNER, GECOM, C.A.D. HOLDING, Gasthof Den Ever, HERON, MAGECO LEASE, G-LABEL, Racketpower

Establishments

Establishment units

Physical locations of this company

Registered office

Gaverlandstraat 1

9031 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

Triple J

MAGECO LEASE same network

€ -2,108 gross margin · 2025

John Geernaert

Vitasolutions

€ -21,186 gross margin · 2024

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0445.654.820

VAT number

BE 0445.654.820

Registered office

Gaverlandstraat 1, 9031 Gent

Names & denominations

MAGECO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

30 October 1991

Peppol

Active · Active since 5 Jan 2026

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

MAGECO

Warning lights

Financials

What happened to MAGECO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions