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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 4.5 to 2.3.
Financials
Financial year 2025
MAGEESO from Buggenhout, company number BE0668847860, closed financial year 2025 with a result of € -3,002 after tax. For that financial year MAGEESO recorded a gross margin of € 132,856 and equity of € 35,297. Compared with financial year 2024, the result moved from € -25,956 to € -3,002. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 17, 2025.
€ 35,297
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,002
▲ 88 % less loss than in 2024
Profit after tax over the fiscal year.
€ 50,541
▲ 161% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -243,022.
People and assets in 2025
2.3
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 122,771
▼ 35% vs 2024
€ 53,400 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.
€ 1,120
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 56,159
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,594
▲ 52% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 277,176 | € 259,183 | € 180,566 | € 132,856 | ▼ 26% |
| Profit after taxes | € -23,613 | € 17,562 | € -25,956 | € -3,002 | ▲ € 22,954 |
| Equity | € 46,694 | € 64,256 | € 38,299 | € 35,297 | ▼ 8% |
| Total debts | € 168,390 | € 79,525 | € 64,865 | € 79,499 | ▲ 23% |
| Cash | € 67,225 | € 62,568 | € 19,394 | € 50,541 | ▲ 161% |
| Retained profit | € -231,625 | € -214,064 | € -240,020 | € -243,022 | ▼ € 3,002 |
| Bank debt | € 0 | € 10,036 | € 10,406 | € 0 | ▼ 100% |
| Balance sheet total | € 215,083 | € 143,781 | € 103,164 | € 114,796 | ▲ 11% |
| Employees (FTE) | 6.8 | 4.5 | 4.2 | 2.3 | ▼ 1.9 |
Key figures of MAGEESO, 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 MAGEESO?
What happened at MAGEESO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,002. Source: NBB ↗
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
- Emmanuel De Landtsheer NV NV became a director. NBB
In short
From € 23,613 loss in 2022 to € 3,002 loss in 2025.
Best year ever: 2023, with € 17,562 profit.
On average € 57,800 of value added per employee in 2025.
Management
The stake of EMMANUEL DE LANDTSHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAGEESOBehind MAGEESO is Emmanuel De Landtsheer NV NV. The shares are held by EMMANUEL DE LANDTSHEER (100%).
Directors
According to the 2025 annual accounts
Director · represented by De LANDTSHEER EMMANUEL
since 2016
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mandekensstraat 179
9255 Buggenhout
Grote Markt (DEN) 16-17
9200 Dendermonde
Active since 9 January 2017
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
- 0668.847.860
- VAT number
- BE 0668.847.860
- Registered office
- Mandekensstraat 179, 9255 Buggenhout
- Names & denominations
- MAGEESO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Cafés en bars