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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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Magellan Immo from Ramillies, company number BE0696783563, closed financial year 2025 with a result of € -21,288 after tax. For that financial year Magellan Immo recorded a gross margin of € 170,289 and equity of € 638,686. Compared with financial year 2024, the result moved from € -70,979 to € -21,288. 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 August 26, 2026.
€ 638,686
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,288
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 18,537
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -338,114.
Debts at end 2025
€ 2 million
▲ 6% vs 2024
€ 97,547 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 92,510
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 64,511 | € 28,403 | € 88,814 | € 170,289 | ▲ 92% |
| Profit after taxes | € -65,959 | € -117,336 | € -70,979 | € -21,288 | ▲ € 49,691 |
| Equity | € 461,489 | € 664,153 | € 659,974 | € 638,686 | ▼ 3% |
| Total debts | € 1,539,265 | € 1,661,041 | € 1,973,572 | € 2,224,241 | ▲ 13% |
| Cash | € 26,145 | € 2,237 | € 17,056 | € 18,537 | ▲ 9% |
| Land & buildings | € 1,462,413 | € 1,405,408 | € 1,348,403 | € 1,291,398 | ▼ 4% |
| Retained profit | € -128,511 | € -245,847 | € -316,826 | € -338,114 | ▼ € 21,288 |
| Bank debt | € 1,452,065 | € 1,530,188 | € 1,843,789 | € 1,960,345 | ▲ 6% |
| Balance sheet total | € 2,000,755 | € 2,325,194 | € 2,633,546 | € 2,862,927 | ▲ 9% |
Key figures of Magellan Immo, 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 Magellan Immo?
What happened at Magellan Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,288. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 65,959 loss in 2022 to € 21,288 loss in 2025.
Paid € 13 in corporate taxes since 2022.
Management
The stake of ENEOVA, B.A.T.L. Avocats comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Magellan ImmoBehind Magellan Immo are Baptiste ANTOINE, Matthew VANDERSTRAETEN and Jeremy VANDERSTRAETEN. The shares are held by ENEOVA (23%) and B.A.T.L. Avocats (6.3%). It owns 49% of NEW START PROPERTY itself.
Directors
According to the 2025 annual accounts
Baptiste ANTOINE
Director
Also active at: Centre régional de la Famille et de l'Enfance, B.A.T.L. Consulting, AR Law & Tax
Shareholders
23%
6.3%
Participations
Establishments
Establishment units
Physical locations of this company
Rue Armand Guerlache 16
1367 Ramillies
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
- 0696.783.563
- VAT number
- BE 0696.783.563
- Registered office
- Rue Armand Guerlache 16, 1367 Ramillies
- Names & denominations
- Magellan Immo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2018
- Peppol
- Active · Active since 10 Jun 2025