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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
M.A.G. GROUP from Sint-Jans-Molenbeek, company number BE0465455290, closed financial year 2025 with a result of € 7,460 after tax. For that financial year M.A.G. GROUP recorded a gross margin of € 16,674 and equity of € -19,012. Compared with financial year 2024, the result moved from € 6,014 to € 7,460. Profitable, and profit is growing. 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 August 19, 2026.
€ -19,012
▲ € 7,460 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,460
▲ 24% vs 2024
Profit after tax over the fiscal year.
€ 483
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -80,986.
Debts at end 2025
€ 18,054
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 3,779
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,989
▲ 19% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,386 | - | - | - | |
| Gross margin | € 38,443 | € 29,403 | € 15,918 | € 16,674 | ▲ 5% |
| Profit after taxes | € 21,839 | € 15,550 | € 6,014 | € 7,460 | ▲ 24% |
| Equity | € -48,036 | € -32,487 | € -26,473 | € -19,012 | ▲ € 7,460 |
| Total debts | € 80,101 | € 63,472 | € 68,025 | € 77,637 | ▲ 14% |
| Cash | € 547 | € 467 | € 464 | € 483 | ▲ 4% |
| Retained profit | € -110,010 | € -94,460 | € -88,446 | € -80,986 | ▲ € 7,460 |
| Bank debt | € 38,327 | € 22,909 | € 17,129 | € 18,054 | ▲ 5% |
| Balance sheet total | € 32,065 | € 30,985 | € 41,552 | € 58,625 | ▲ 41% |
Key figures of M.A.G. GROUP, 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 M.A.G. GROUP?
What happened at M.A.G. GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,460 (▲ 24% vs 2024). filed late Source: NBB ↗
- GEBRAN KHOURY MIKHAEL stepped down as director. NBB
- GEBRAN KHOURY MIKHAEL became a director. NBB
- New establishment in Sint-Jans-Molenbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,839 profit in 2022 to € 7,460 profit in 2025.
Paid € 20,136 in corporate taxes since 2022.
Best year ever: 2022, with € 21,839 profit.
A new publication or filing at M.A.G. GROUP? 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
Directors
According to the 2025 annual accounts
GEBRAN KHOURY MIKHAEL
Managing director
since 2010 · until 2016
Establishments
Establishment units
Physical locations of this company
Liverpoolstraat 17
1080 Sint-Jans-Molenbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0465.455.290
- VAT number
- BE 0465.455.290
- Registered office
- Liverpoolstraat 17, 1080 Sint-Jans-Molenbeek
- Names & denominations
- M.A.G. GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 1999
- Peppol
- Not registered