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 26 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 4 to 2.1.
-
Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAGORIUM from Sint-Lambrechts-Woluwe, company number BE0460066941, closed financial year 2025 with a result of € -752,958 after tax. For that financial year MAGORIUM recorded a gross margin of € 1.3 million and equity of € 493,080. Compared with financial year 2024, the result moved from € -634,187 to € -752,958. The company made a loss. The buffer shrank hard: equity is 60 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 493,080
▼ 60% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -752,958
▼ 19 % more loss than in 2024
Profit after tax over the fiscal year.
€ 29,720
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 31,107.
People and assets in 2025
2.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 324,283
▼ 18% vs 2024
€ 154,400 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.
€ 3 million
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.9 million
▲ 25% vs 2024
€ 334,819 is repaid this year. At this pace the long-term loan is gone in ≈ 42 years.
€ 130,808
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 432,219
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,159,523 | € 2,460,060 | € 1,559,281 | € 1,333,352 | ▼ 14% |
| Profit after taxes | € 2,468,442 | € 439,556 | € -634,187 | € -752,958 | ▼ € 118,771 |
| Equity | € 1,440,670 | € 1,880,226 | € 1,246,039 | € 493,080 | ▼ 60% |
| Total debts | € 35,105,260 | € 36,483,537 | € 36,260,362 | € 34,467,096 | ▼ 5% |
| Cash | € 19,054 | € 8,467 | € 10,694 | € 29,720 | ▲ 178% |
| Land & buildings | € 19,997,234 | € 19,278,038 | € 18,590,391 | € 18,423,790 | ▼ 1% |
| Retained profit | € 978,697 | € 1,418,253 | € 784,066 | € 31,107 | ▼ 96% |
| Bank debt | € 16,417,578 | € 14,529,894 | € 11,157,979 | € 13,933,952 | ▲ 25% |
| Balance sheet total | € 36,545,930 | € 38,363,763 | € 37,506,401 | € 34,960,176 | ▼ 7% |
| Employees (FTE) | 4 | 4 | 3 | 2.1 | ▼ 0.9 |
Key figures of MAGORIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MAGORIUM?
What happened at MAGORIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Elisabeth Monstrey stepped down as director. NBB
- Eduard Monstrey stepped down as director. NBB
- Petra Noé stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 752,958. Source: NBB ↗
- Elisabeth Monstrey became a director. NBB
- Eduard Monstrey became a director. NBB
- Petra Noé became a director. NBB
- New establishment in Sint-Lambrechts-Woluwe. KBO
In short
From € 2.5 million profit in 2022 to € 752,958 loss in 2025.
Paid € 525,485 in corporate taxes since 2022.
Best year ever: 2022, with € 2.5 million profit.
On average € 634,900 of value added per employee in 2025.
A new publication or filing at MAGORIUM? 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%
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Management
It owns 70% of Tensor Holding, 61.3% of BCM Holding and 1% of Sterea Leisure Investments itself.
Directors
According to the 2025 annual accounts
Eduard Monstrey
Director
since 2023 · until 2029
Petra Noé
Director
since 2023 · until 2029
Elisabeth Monstrey
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Brand Whitlocklaan 54
1200 Sint-Lambrechts-Woluwe
Brand Whitlocklaan 42
1200 Sint-Lambrechts-Woluwe
Active since 30 June 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →SFEERBEHEER BELGIE
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€ 442,165 gross margin · 2025
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€ 6,219 gross margin · 2025
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€ 601,472 gross margin · 2025
The national
€ 833,619 gross margin · 2025
+7 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
- 0460.066.941
- VAT number
- BE 0460.066.941
- Registered office
- Brand Whitlocklaan 54, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- MAGORIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 1997
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
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