Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.7 to 1.8.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TAGMAG from Gent, company number BE0673520785, closed financial year 2025 with a result of € -148,773 after tax. For that financial year TAGMAG recorded a gross margin of € -4,690 and equity of € -408,552. Compared with financial year 2024, the result moved from € 1,379 to € -148,773. The company made a loss. 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 July 23, 2026.
€ -408,552
▼ € 148,773 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -148,773
▼ still € 1,379 profit in 2024
Profit after tax over the fiscal year.
€ 72,608
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -438,552.
People and assets in 2025
1.8
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 127,745
▲ 1% vs 2024
€ 71,000 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.
€ 4,531
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5,000
Loans from banks and other lenders, long and short.
€ 309,766
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 96,298
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 94,729 | € 287,682 | € 146,257 | € -4,690 | ▼ € 150,947 |
| Profit after taxes | € -122,766 | € 119,080 | € 1,379 | € -148,773 | ▼ € 150,152 |
| Equity | € -380,237 | € -261,157 | € -259,778 | € -408,552 | ▼ € 148,773 |
| Total debts | € 676,810 | € 569,241 | € 593,296 | € 620,880 | ▲ 5% |
| Cash | € 65,601 | € 117,654 | € 57,183 | € 72,608 | ▲ 27% |
| Retained profit | € -410,237 | € -291,157 | € -289,778 | € -438,552 | ▼ € 148,773 |
| Bank debt | € 25,000 | € 20,000 | € 0 | € 5,000 | |
| Balance sheet total | € 296,573 | € 308,084 | € 333,517 | € 212,328 | ▼ 36% |
| Employees (FTE) | 4.2 | 2.7 | 2.4 | 1.8 | ▼ 0.6 |
Key figures of TAGMAG, 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 TAGMAG?
What happened at TAGMAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 148,773 (▼ € 150,152 vs 2024). Source: NBB ↗
- Borgerhoff & Lamberigts Invest BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Seamonster BV became a director. NBB
In short
From € 122,766 loss in 2022 to € 148,773 loss in 2025.
Paid € 188 in corporate taxes since 2022.
Best year ever: 2023, with € 119,080 profit.
On average € 60,900 of value added per employee in 2024.
Management
The stake of Borgerhoff & Lamberigts Invest, SEAMONSTER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TAGMAGBehind TAGMAG are Borgerhoff & Lamberigts Invest BV and Seamonster BV. The shares are held by Borgerhoff & Lamberigts Invest (61%) and SEAMONSTER (30%).
Directors
According to the 2025 annual accounts
Borgerhoff & Lamberigts Invest BV
Director · represented by Lamberigts Kristof
since 2023
Director · represented by Smetryns Simon
since 2017
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Burgstraat 18 box K
9000 Gent
Sint-Pietersnieuwstraat 95 box B
9000 Gent
Active since 27 March 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →MICHAEL IS DEAD
€ 139,934 gross margin · 2025
Atelier Ecru
€ -16,312 gross margin · 2023
Koortzz
€ 199,429 gross margin · 2025
BTW EENHEID B&L
Borgerhoff & Lamberigts Invest same network
€ 376,270 gross margin · 2025
+5 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
- 0673.520.785
- VAT number
- BE 0673.520.785
- Registered office
- Burgstraat 18 bus K, 9000 Gent
- Names & denominations
- TAGMAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2017
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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