MAGI is a structural metal fabricator in Torhout. Private Limited, started on 6 January 1997, 1 establishment.

What is the address of MAGI?

The registered office of MAGI is located at Ringaertstraat 12, 8820 Torhout.

Is MAGI still active?

Yes. According to the CBE (29 October 2026) MAGI is active, legal situation “Normale toestand”, started on 6 January 1997.

Is MAGI registered on Peppol?

Yes, MAGI is registered on the Peppol network with ID 0208:0459519583.

What is the enterprise number of MAGI?

The enterprise number of MAGI is BE0459519583.

When was MAGI founded?

MAGI was founded on 6 January 1997.

Who are the directors of MAGI?

According to the 2025 annual accounts, the directors of MAGI are: Euroshuffle BV.

Is MAGI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 January 1997; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MAGI make in 2025?

MAGI posted a profit after taxes of € 173,785 in financial year 2025.

What is the revenue of MAGI?

As a small company, MAGI is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 892,663.

How many employees does MAGI have?

According to the 2025 annual accounts, MAGI has 0 full-time equivalents (FTE).

MAGI (Private Limited) - Torhout - BE0459519583

Dossier MAGI, printed on 29 October 2026 from databakkes.be/en/0459519583/magi. 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 38 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MAGI from Torhout, company number BE0459519583, closed financial year 2025 with a result of € 173,785 after tax. For that financial year MAGI recorded a gross margin of € 892,663 and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 1.2 million to € 173,785. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.

What it is worth Growing

€ 3.2 million

▲ 6% vs 2024

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

Profit Healthy

€ 173,785

▼ 86% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 227,902

▼ 42% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 3.2 million.

People and assets in 2025

Full-time equivalents

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

Vehicles and equipment

€ 339,299

▼ 32% vs 2024

Of which on lease € 331,066.

Debts at end 2025

Bank debt ≈ 5 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.

€ 3.2 million

▲ 9% vs 2024

€ 588,934 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 114,706

▲ 152% vs 2024

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

Taxes

€ 26,930

▼ 81% vs 2024

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)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,093,159 Gross margin 2022: € 1,093,159 First fiscal year in the series	€ 576,246 Gross margin 2023: € 576,246 ▼ 47% vs 2022 (€ 1,093,159) Unfavourable step	€ 2,181,672 Gross margin 2024: € 2,181,672 ▲ 279% vs 2023 (€ 576,246) Favourable step	€ 892,663 Gross margin 2025: € 892,663 ▼ 59% vs 2024 (€ 2,181,672) Unfavourable step	▼ 59%
Profit after taxes	€ 750,754 Profit after taxes 2022: € 750,754 First fiscal year in the series	€ 189,967 Profit after taxes 2023: € 189,967 ▼ 75% vs 2022 (€ 750,754) Unfavourable step	€ 1,246,801 Profit after taxes 2024: € 1,246,801 ▲ € 1.1 million vs 2023 (€ 189,967) Favourable step	€ 173,785 Profit after taxes 2025: € 173,785 ▼ 86% vs 2024 (€ 1,246,801) Unfavourable step	▼ 86%
Equity	€ 1,558,350 Equity 2022: € 1,558,350 First fiscal year in the series	€ 1,748,317 Equity 2023: € 1,748,317 ▲ 12% vs 2022 (€ 1,558,350) Favourable step	€ 2,995,117 Equity 2024: € 2,995,117 ▲ 71% vs 2023 (€ 1,748,317) Favourable step	€ 3,168,903 Equity 2025: € 3,168,903 ▲ 6% vs 2024 (€ 2,995,117) Favourable step	▲ 6%
Total debts	€ 3,823,261 Total debts 2022: € 3,823,261 First fiscal year in the series	€ 4,318,496 Total debts 2023: € 4,318,496 ▲ 13% vs 2022 (€ 3,823,261) Unfavourable step	€ 3,869,515 Total debts 2024: € 3,869,515 ▼ 10% vs 2023 (€ 4,318,496) Favourable step	€ 4,592,545 Total debts 2025: € 4,592,545 ▲ 19% vs 2024 (€ 3,869,515) Unfavourable step	▲ 19%
Cash	€ 685,114 Cash 2022: € 685,114 First fiscal year in the series	€ 499,779 Cash 2023: € 499,779 ▼ 27% vs 2022 (€ 685,114) Unfavourable step	€ 396,073 Cash 2024: € 396,073 ▼ 21% vs 2023 (€ 499,779) Unfavourable step	€ 227,902 Cash 2025: € 227,902 ▼ 42% vs 2024 (€ 396,073) Unfavourable step	▼ 42%
Land & buildings	€ 1,405,029 Land & buildings 2022: € 1,405,029 First fiscal year in the series	€ 1,931,481 Land & buildings 2023: € 1,931,481 ▲ 37% vs 2022 (€ 1,405,029) Unchanged	€ 2,262,503 Land & buildings 2024: € 2,262,503 ▲ 17% vs 2023 (€ 1,931,481) Unchanged	€ 2,487,041 Land & buildings 2025: € 2,487,041 ▲ 10% vs 2024 (€ 2,262,503) Unchanged	▲ 10%
Retained profit	€ 1,539,750 Retained profit 2022: € 1,539,750 First fiscal year in the series	€ 1,729,717 Retained profit 2023: € 1,729,717 ▲ 12% vs 2022 (€ 1,539,750) Favourable step	€ 2,976,517 Retained profit 2024: € 2,976,517 ▲ 72% vs 2023 (€ 1,729,717) Favourable step	€ 3,150,303 Retained profit 2025: € 3,150,303 ▲ 6% vs 2024 (€ 2,976,517) Favourable step	▲ 6%
Bank debt	€ 1,895,159 Bank debt 2022: € 1,895,159 First fiscal year in the series	€ 3,065,128 Bank debt 2023: € 3,065,128 ▲ 62% vs 2022 (€ 1,895,159) Unfavourable step	€ 2,941,309 Bank debt 2024: € 2,941,309 ▼ 4% vs 2023 (€ 3,065,128) Favourable step	€ 3,211,007 Bank debt 2025: € 3,211,007 ▲ 9% vs 2024 (€ 2,941,309) Unfavourable step	▲ 9%
Balance sheet total	€ 5,566,536 Balance sheet total 2022: € 5,566,536 First fiscal year in the series	€ 6,244,565 Balance sheet total 2023: € 6,244,565 ▲ 12% vs 2022 (€ 5,566,536) Unchanged	€ 7,271,909 Balance sheet total 2024: € 7,271,909 ▲ 16% vs 2023 (€ 6,244,565) Unchanged	€ 8,149,333 Balance sheet total 2025: € 8,149,333 ▲ 12% vs 2024 (€ 7,271,909) Unchanged	▲ 12%

Key figures of MAGI, 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 MAGI?

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

Jul 30, 2026 New annual accounts for financial year 2025: profit of € 173,785 (▼ 86% vs 2024). Source: NBB ↗
2021 Euroshuffle BV became a director. NBB
Jan 9, 1997 New establishment in Torhout. KBO
Jan 6, 1997 Start of the company according to the CBE. KBO

In short

From € 750,754 profit in 2022 to € 173,785 profit in 2025.

Paid € 378,312 in corporate taxes since 2022.

Best year ever: 2024, with € 1.2 million profit.

Original PDFs at the National Bank ↗

Management

MJ service 10%

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

MAGI

Magi Construct 100%

Packo Immo 33%

Behind MAGI is Euroshuffle BV. The shares are held by MJ service (10%). It owns 100% of Magi Construct and 33% of Packo Immo itself.

Directors

According to the 2025 annual accounts

Euroshuffle BV

Director · represented by Mario Van Belle

Also active at: Packo Immo Schatting

since 2021

Shareholders

MJ service

10%

Participations

Magi Construct

100%

Packo Immo

33%

Establishments

Establishment units

Physical locations of this company

Registered office

Ringaertstraat 12

8820 Torhout

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

MAGI CONSTRUCT same network

€ 352,786 gross margin · 2025

GROEP MAGI

Packo Immo Schatting same network

€ -4,448 gross margin · 2025

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

Details

Company number

0459.519.583

VAT number

BE 0459.519.583

Registered office

Ringaertstraat 12, 8820 Torhout

Names & denominations

MAGI

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

6 January 1997

Peppol

Active · Active since 16 Dec 2025

Activities · NACE

Vervaardiging van metalen constructiewerken en delen daarvan

Vervaardiging van metalen constructiewerken en onderdelen daarvan

Schilderen van gebouwen

Plaatsen van vloer- en wandtegels

Schilderen

View on CBE Public ↗ Annual accounts (NBB) ↗

MAGI

Warning lights

Financials

What happened to MAGI?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions