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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAGIN from Huldenberg, company number BE0686864522, closed financial year 2025 with a result of € 143 after tax. For that financial year MAGIN recorded a gross margin of € 5,577 and equity of € -13,682. Compared with financial year 2024, the result moved from € -7,905 to € 143. Profitable, and profit is growing. 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 June 29, 2026.
€ -13,682
▲ € 143 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 143
▲ still € 7,905 loss in 2024
Profit after tax over the fiscal year.
€ 2,559
▲ 43% 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 € -19,882.
People and assets in 2025
€ 2,479
▼ 33% 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.
€ 3,212
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,844
▼ 8% 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 | € 18,304 | € -12,166 | € -1,907 | € 5,577 | ▲ € 7,484 |
| Profit after taxes | € 10,360 | € -18,077 | € -7,905 | € 143 | ▲ € 8,048 |
| Equity | € 12,157 | € -5,920 | € -13,825 | € -13,682 | ▲ € 143 |
| Total debts | € 28,341 | € 49,816 | € 39,101 | € 38,946 | |
| Cash | € 4,912 | € 9,510 | € 1,790 | € 2,559 | ▲ 43% |
| Retained profit | € 5,957 | € -12,120 | € -20,025 | € -19,882 | ▲ € 143 |
| Balance sheet total | € 40,498 | € 43,896 | € 25,276 | € 25,264 |
Key figures of MAGIN, 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 MAGIN?
What happened at MAGIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 143. Source: NBB ↗
- Ann Coppens stepped down as director. NBB
- Witold Vandenbroeck became a director. NBB
- New establishment in Huldenberg. KBO
- Start of the company according to the CBE. KBO
- Philippe Vandenbroeck became a director. NBB
- Ann Coppens became a director. NBB
In short
From € 10,360 profit in 2022 to € 143 profit in 2025.
Paid € 2,627 in corporate taxes since 2022.
Best year ever: 2022, with € 10,360 profit.
Management
Behind MAGIN are Witold Vandenbroeck and Philippe Vandenbroeck. Philippe Vandenbroeck is also behind Shiftⁿ.
Directors
According to the 2025 annual accounts
Witold Vandenbroeck
Director
since 2021
since 2017
Ann Coppens
Director
since 2017 · until 2026
Establishments
Establishment units
Physical locations of this company
Florivalstraat(OTT) 53
3040 Huldenberg
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
- 0686.864.522
- VAT number
- BE 0686.864.522
- Registered office
- Florivalstraat(OTT) 53, 3040 Huldenberg
- Names & denominations
- MAGIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2017
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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