Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10.8 to 6.7.
-
Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Magnax from Kortrijk, company number BE0629721822, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year Magnax recorded a gross margin of € 130,283 and equity of € 15.8 million. Compared with financial year 2024, the result moved from € 2.3 million to € -1.5 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 15.8 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 2.3 million profit in 2024
Profit after tax over the fiscal year.
€ 304,152
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13.4 million.
People and assets in 2025
6.7
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 587,860
▼ 22% vs 2024
€ 87,700 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.
€ 736,669
▼ 13% vs 2024
Of which on lease € 713,092.
Debts at end 2025
€ 1.6 million
▲ 90% vs 2024
€ 226,078 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 353,581
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,529
▲ 11% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 252,517 | € 1,036,967 | € 4,511,474 | € 130,283 | ▼ 97% |
| Profit after taxes | € -2,676,135 | € -5,662,789 | € 2,294,280 | € -1,493,855 | ▼ € 3.8 million |
| Equity | € 14,908,008 | € 16,193,908 | € 17,292,258 | € 15,798,403 | ▼ 9% |
| Total debts | € 3,559,339 | € 1,556,705 | € 1,606,156 | € 2,927,802 | ▲ 82% |
| Cash | € 1,665,329 | € 1,026,080 | € 287,844 | € 304,152 | ▲ 6% |
| Retained profit | € -8,549,848 | € -14,212,636 | € -11,918,356 | € -13,412,212 | ▼ € 1.5 million |
| Bank debt | € 1,536,988 | € 1,208,153 | € 850,350 | € 1,619,254 | ▲ 90% |
| Balance sheet total | € 18,467,347 | € 17,750,614 | € 18,898,415 | € 18,726,205 | ▼ 1% |
| Employees (FTE) | 4.8 | 10.8 | 8.3 | 6.7 | ▼ 1.6 |
Key figures of Magnax, 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 Magnax?
What happened at Magnax in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 3.8 million vs 2024). Source: NBB ↗
- Kuang-Yao Lee became a director. NBB
- Dong Li became a director. NBB
- Meng-Chang Chang became a director. NBB
- Li-Hsiu Lin became a director. NBB
- Nvisionize BV stepped down as director. NBB
- Kegon BV stepped down as director. NBB
- Gerd Hofer became a director. NBB
In short
From € 2.7 million loss in 2022 to € 1.5 million loss in 2025.
Paid € 40,954 in corporate taxes since 2022.
Best year ever: 2024, with € 2.3 million profit.
On average € 19,400 of value added per employee in 2025.
A new publication or filing at Magnax? We notify you, reason included.
Follow MagnaxDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind Magnax are Kuang-Yao Lee, Dong Li, Meng-Chang Chang, Li-Hsiu Lin, Leijnen Commv and Leon Cappaert . It owns 100% of Traxial BV and 100% of Axyal BV itself.
Directors
According to the 2025 annual accounts
Kuang-Yao Lee
Director
since 2026
Meng-Chang Chang
Director
since 2026
since 2022
Leon Cappaert
Director
since 2022
Gerd Hofer
Director
since 2024
Director · represented by Daan Moreels
since 2022 · until 2026
Director · represented by Kester Goh
since 2022 · until 2026
Establishments
Establishment units
Physical locations of this company
Evolis(Kor) 100
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →LOKALE CHRISTELIJKE GEMEENSCHAP
AVC DOORS & WALLS KORTRIJK
€ 29,700 gross margin · 2025
The Pots Company
€ 14.5 million revenue · 2025
Traxial same network
€ -705,469 gross margin · 2025
Magnix
+9 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
- 0629.721.822
- VAT number
- BE 0629.721.822
- Registered office
- Evolis(Kor) 100, 8500 Kortrijk
- Names & denominations
- Magnax
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2015
- Peppol
- Active · Active since 7 Nov 2025
- Activities · NACE
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Vervaardiging van hydraulische en pneumatische apparatuur
Vervaardiging van motoren en turbines, exclusief motoren voor luchtvaartuigen, motorvoertuigen en bromfietsen