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.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Magics Technologies from Geel, company number BE0634891526, closed financial year 2025 with a result of € -3 million after tax. For that financial year Magics Technologies recorded a gross margin of € 3 million and equity of € 11.1 million. Compared with financial year 2024, the result moved from € -1.7 million to € -3 million. The company made a loss. 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 15, 2026.
€ 11.1 million
▲ 178% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3 million
▼ 82 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.5 million
▲ 145% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.2 million.
People and assets in 2025
38.8
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 6% vs 2024
€ 99,900 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.
€ 40,307
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 66% vs 2024
€ 472,435 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 476,390
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.3 million
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,017,156 | € 2,817,058 | € 3,040,983 | € 3,049,719 | |
| Profit after taxes | € -1,271,137 | € -1,004,721 | € -1,653,029 | € -3,016,348 | ▼ € 1.4 million |
| Equity | € 2,846,827 | € 3,324,480 | € 3,981,013 | € 11,051,218 | ▲ 178% |
| Total debts | € 2,126,801 | € 5,430,113 | € 7,518,711 | € 3,781,995 | ▼ 50% |
| Cash | € 1,051,980 | € 430,639 | € 1,023,378 | € 2,509,819 | ▲ 145% |
| Retained profit | € -1,511,624 | € -2,516,345 | € -4,169,374 | € -7,185,722 | ▼ € 3 million |
| Bank debt | € 853,515 | € 3,270,648 | € 5,059,567 | € 1,716,963 | ▼ 66% |
| Balance sheet total | € 4,973,628 | € 8,754,593 | € 11,499,724 | € 14,833,213 | ▲ 29% |
| Employees (FTE) | 35.2 | 39.1 | 38.1 | 38.8 | ▲ 0.7 |
Key figures of Magics Technologies, 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 Magics Technologies?
What happened at Magics Technologies in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VJW BV stepped down as director. NBB
- Renier Schaubroeck stepped down as director. NBB
- Flanders Future Techfund BV stepped down as director. NBB
- Invest for Jobs NV stepped down as director. NBB
- Stefan Gogaert BV stepped down as director. NBB
- Studiecentrum voor Kernenergie Stichting van openbaar nut stepped down as director. NBB
- AlexErik BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3 million. Source: NBB ↗
In short
From € 1.3 million loss in 2022 to € 3 million loss in 2025.
On average € 78,600 of value added per employee in 2025.
Management
The stake of INVEST FOR JOBS, Flanders Future Techfund, Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire, GEMMA FRISIUS-FONDS KU LEUVEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Magics TechnologiesThe shares are held by INVEST FOR JOBS (20.2%), Flanders Future Techfund (18.3%), Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire (17.1%) and GEMMA FRISIUS-FONDS KU LEUVEN (13.2%). It owns 100% of Magics Technologies Limited itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Jens Verbeeck
since 2025 · until 2031
Renier Schaubroeck
Director
since 2025 · until 2031
since 2025 · until 2031
Director · represented by Dany Vandevelde
Also active at: Fonderies J. Marichal Ketin et Cie, GALLER HOLDING, Century 21 Benelux, MICROMEGA - DYNAMICS, NOMICS, BEER PROJECT, IONICS, REIN4CED +9 more
since 2025 · until 2031
Director · represented by Stefan Gogaert
since 2025 · until 2031
Studiecentrum voor Kernenergie Stichting van openbaar nut
Director · represented by Pascal De Langhe
Also active at: Forum Nucléaire Belge-Belgisch Nucleair Forum, PanTera
since 2025 · until 2031
Managing director · represented by Ying Cao
since 2025 · until 2031
Shareholders
Participations
Magics Technologies Limited
100%
Establishments
Establishment units
Physical locations of this company
Cipalstraat 3
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →C-smart
€ 2.6 million revenue · 2025
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€ 1 million revenue · 2025
RideOnTrack
€ 1.2 million gross margin · 2025
SC ONE
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
magics.tech
Registered
2016-01-31
Registrar
OVH, SAS
Expires
2027-01-31
Website info
Features
Security
Details
- Company number
- 0634.891.526
- VAT number
- BE 0634.891.526
- Registered office
- Cipalstraat 3, 2440 Geel
- Names & denominations
- Magics Technologies
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 August 2015
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- magics.tech
- Activities · NACE
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