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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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAGECO LEASE from Gent, company number BE0650895635, closed financial year 2025 with a result of € 5,864 after tax. For that financial year MAGECO LEASE recorded a gross margin of € -2,108 and equity of € 38,775. Compared with financial year 2024, the result moved from € 6,064 to € 5,864. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2026.
€ 38,775
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,864
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 572
▲ € 446 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 € 18,775.
Debts at end 2025
€ 800,004
▼ 14% vs 2024
€ 133,334 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 15,324
▼ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,116 | € -1,398 | € -2,649 | € -2,108 | ▲ € 541 |
| Profit after taxes | € 11,233 | € 8,064 | € 6,064 | € 5,864 | ▼ 3% |
| Equity | € 18,783 | € 26,847 | € 32,911 | € 38,775 | ▲ 18% |
| Total debts | € 2,033,021 | € 1,892,944 | € 1,763,031 | € 1,638,498 | ▼ 7% |
| Cash | € 1,867 | € 1,756 | € 126 | € 572 | ▲ € 446 |
| Retained profit | € -1,217 | € 6,847 | € 12,911 | € 18,775 | ▲ 45% |
| Bank debt | € 1,200,003 | € 1,066,670 | € 933,337 | € 800,004 | ▼ 14% |
| Balance sheet total | € 2,051,804 | € 1,919,791 | € 1,795,943 | € 1,677,274 | ▼ 7% |
Key figures of MAGECO LEASE, 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 MAGECO LEASE?
What happened at MAGECO LEASE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,864 (▼ 3% vs 2024). filed late Source: NBB ↗
- John Geernaert became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,233 profit in 2022 to € 5,864 profit in 2025.
Paid € 7,264 in corporate taxes since 2022.
Best year ever: 2022, with € 11,233 profit.
Management
Behind MAGECO LEASE is John Geernaert. John Geernaert is also behind GREEN-CORNER, GECOM, MAGECO, C.A.D. HOLDING and Gasthof Den Ever.
Directors
According to the 2025 annual accounts
John Geernaert
Director
Also active at: GREEN-CORNER, GECOM, MAGECO, C.A.D. HOLDING, Gasthof Den Ever, HERON, G-LABEL, Racketpower
since 2023
Establishments
Establishment units
Physical locations of this company
Gaverlandstraat 1
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0650.895.635
- VAT number
- BE 0650.895.635
- Registered office
- Gaverlandstraat 1, 9031 Gent
- Names & denominations
- MAGECO LEASE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2016
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Financiële lease