What does MAGECOFI-ATECOFI do?

MAGECOFI-ATECOFI is an accounting firm in Waterloo. Private Limited, started on 1 December 1993, 2 establishments.

What is the address of MAGECOFI-ATECOFI?

The registered office of MAGECOFI-ATECOFI is located at Chaussée de Bruxelles 124, 1410 Waterloo.

Is MAGECOFI-ATECOFI still active?

Yes. According to the CBE (31 October 2026) MAGECOFI-ATECOFI is active, legal situation “Normale toestand”, started on 1 December 1993.

Is MAGECOFI-ATECOFI registered on Peppol?

Yes, MAGECOFI-ATECOFI is registered on the Peppol network with ID 0208:0451394448.

What is the enterprise number of MAGECOFI-ATECOFI?

The enterprise number of MAGECOFI-ATECOFI is BE0451394448.

When was MAGECOFI-ATECOFI founded?

MAGECOFI-ATECOFI was founded on 1 December 1993.

Who are the directors of MAGECOFI-ATECOFI?

According to the 2025 annual accounts, the directors of MAGECOFI-ATECOFI are: MAGECOFI SRL.

Is MAGECOFI-ATECOFI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 December 1993; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did MAGECOFI-ATECOFI make in 2025?

MAGECOFI-ATECOFI posted a profit after taxes of € 58,423 in financial year 2025.

What is the revenue of MAGECOFI-ATECOFI?

As a small company, MAGECOFI-ATECOFI is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 465,186.

How much does an employee at MAGECOFI-ATECOFI earn?

The average wage cost per full-time employee at MAGECOFI-ATECOFI was € 47,500 in 2025: staff costs of € 299,543 for 6.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MAGECOFI-ATECOFI have?

According to the 2025 annual accounts, MAGECOFI-ATECOFI has 6.3 full-time equivalents (FTE).

MAGECOFI-ATECOFI (Private Limited) - Waterloo

Dossier MAGECOFI-ATECOFI, printed on 31 October 2026 from databakkes.be/en/0451394448/magecofi-atecofi. 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.

Busy address KBO

12 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

MAGECOFI-ATECOFI from Waterloo, company number BE0451394448, closed financial year 2025 with a result of € 58,423 after tax. For that financial year MAGECOFI-ATECOFI recorded a gross margin of € 465,186 and equity of € 117,415. Compared with financial year 2024, the result moved from € 144,959 to € 58,423. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.

What it is worth Growing

€ 117,415

▲ 5% vs 2024

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

Profit Healthy

€ 58,423

▼ 60% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 64,329

▼ 50% vs 2024

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

Where the profit goes Pays out

€ 50,000 paid out

86 % of the profit went to the shareholders, mostly to MAGECOFI (90 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

6.3

▲ 0.7 vs 2024

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

Wage cost

€ 299,543

€ 47,500 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.

Vehicles and equipment

€ 7,762

▼ 27% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 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.

€ 25,504

▼ 73% vs 2024

€ 17,995 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 111,242

▲ 75% vs 2024

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

Taxes and wages

€ 102,513

▲ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 423,792 Gross margin 2022: € 423,792 First fiscal year in the series	€ 502,391 Gross margin 2023: € 502,391 ▲ 19% vs 2022 (€ 423,792) Favourable step	€ 548,499 Gross margin 2024: € 548,499 ▲ 9% vs 2023 (€ 502,391) Favourable step	€ 465,186 Gross margin 2025: € 465,186 ▼ 15% vs 2024 (€ 548,499) Unfavourable step	▼ 15%
Profit after taxes	€ 23,657 Profit after taxes 2022: € 23,657 First fiscal year in the series	€ 65,418 Profit after taxes 2023: € 65,418 ▲ 177% vs 2022 (€ 23,657) Favourable step	€ 144,959 Profit after taxes 2024: € 144,959 ▲ 122% vs 2023 (€ 65,418) Favourable step	€ 58,423 Profit after taxes 2025: € 58,423 ▼ 60% vs 2024 (€ 144,959) Unfavourable step	▼ 60%
Equity	€ 66,407 Equity 2022: € 66,407 First fiscal year in the series	€ 68,575 Equity 2023: € 68,575 ▲ 3% vs 2022 (€ 66,407) Favourable step	€ 112,034 Equity 2024: € 112,034 ▲ 63% vs 2023 (€ 68,575) Favourable step	€ 117,415 Equity 2025: € 117,415 ▲ 5% vs 2024 (€ 112,034) Favourable step	▲ 5%
Total debts	€ 372,152 Total debts 2022: € 372,152 First fiscal year in the series	€ 383,190 Total debts 2023: € 383,190 ▲ 3% vs 2022 (€ 372,152) Unfavourable step	€ 322,803 Total debts 2024: € 322,803 ▼ 16% vs 2023 (€ 383,190) Favourable step	€ 337,179 Total debts 2025: € 337,179 ▲ 4% vs 2024 (€ 322,803) Unfavourable step	▲ 4%
Cash	€ 63,638 Cash 2022: € 63,638 First fiscal year in the series	€ 95,046 Cash 2023: € 95,046 ▲ 49% vs 2022 (€ 63,638) Favourable step	€ 128,766 Cash 2024: € 128,766 ▲ 35% vs 2023 (€ 95,046) Favourable step	€ 64,329 Cash 2025: € 64,329 ▼ 50% vs 2024 (€ 128,766) Unfavourable step	▼ 50%
Retained profit	€ 32,322 Retained profit 2022: € 32,322 First fiscal year in the series	€ 34,490 Retained profit 2023: € 34,490 ▲ 7% vs 2022 (€ 32,322) Favourable step	€ 77,949 Retained profit 2024: € 77,949 ▲ 126% vs 2023 (€ 34,490) Favourable step	€ 83,330 Retained profit 2025: € 83,330 ▲ 7% vs 2024 (€ 77,949) Favourable step	▲ 7%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 60,000 Dividend 2023: € 60,000 Unchanged (€ 0) Unchanged	€ 100,000 Dividend 2024: € 100,000 ▲ 67% vs 2023 (€ 60,000) Unchanged	€ 50,000 Dividend 2025: € 50,000 ▼ 50% vs 2024 (€ 100,000) Unchanged	▼ 50%
Bank debt	€ 175,403 Bank debt 2022: € 175,403 First fiscal year in the series	€ 140,760 Bank debt 2023: € 140,760 ▼ 20% vs 2022 (€ 175,403) Favourable step	€ 93,963 Bank debt 2024: € 93,963 ▼ 33% vs 2023 (€ 140,760) Favourable step	€ 25,504 Bank debt 2025: € 25,504 ▼ 73% vs 2024 (€ 93,963) Favourable step	▼ 73%
Balance sheet total	€ 438,558 Balance sheet total 2022: € 438,558 First fiscal year in the series	€ 451,765 Balance sheet total 2023: € 451,765 ▲ 3% vs 2022 (€ 438,558) Unchanged	€ 434,837 Balance sheet total 2024: € 434,837 ▼ 4% vs 2023 (€ 451,765) Unchanged	€ 454,594 Balance sheet total 2025: € 454,594 ▲ 5% vs 2024 (€ 434,837) Unchanged	▲ 5%
Employees (FTE)	-	6 Employees (FTE) 2023: 6 First fiscal year in the series	5.6 Employees (FTE) 2024: 5.6 ▼ 0.4 vs 2023 (6) Unchanged	6.3 Employees (FTE) 2025: 6.3 ▲ 0.7 vs 2024 (5.6) Unchanged	▲ 0.7

Key figures of MAGECOFI-ATECOFI, 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 MAGECOFI-ATECOFI?

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

Aug 30, 2026 New annual accounts for financial year 2025: profit of € 58,423 (▼ 60% vs 2024). filed late Source: NBB ↗
Jan 1, 2018 New establishment in Ukkel. KBO
Dec 22, 2001 New establishment in Waterloo. KBO
Dec 1, 1993 Start of the company according to the CBE. KBO

In short

From € 23,657 profit in 2022 to € 58,423 profit in 2025.

Paid € 146,419 in corporate taxes since 2022.

Best year ever: 2024, with € 144,959 profit.

On average € 73,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MAGECOFI 90%

The stake of MAGECOFI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MAGECOFI-ATECOFI

Behind MAGECOFI-ATECOFI is MAGECOFI SRL. The shares are held by MAGECOFI (90%).

Directors

According to the 2025 annual accounts

MAGECOFI SRL

Director · represented by Kévin Charlier

Shareholders

MAGECOFI

90%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Chaussée de Bruxelles 124

1410 Waterloo

2.273.811.048

Winston Churchilllaan 118 B

1180 Ukkel

Active since 1 January 2018

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.

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

Details

Company number

0451.394.448

VAT number

BE 0451.394.448

Registered office

Chaussée de Bruxelles 124, 1410 Waterloo

Names & denominations

MAGECOFI-ATECOFI

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 December 1993

Peppol

Active · Active since 13 May 2025

Activities · NACE

Activiteiten van (gecertificeerde) (fiscaal) accountants

Boekhouders en boekhouders-fiscalisten

Boekhouders

View on CBE Public ↗ Annual accounts (NBB) ↗

MAGECOFI-ATECOFI

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Financials

What happened to MAGECOFI-ATECOFI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions