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 4 of the last 4 fiscal years.
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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 0 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
103 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MAGI No.5 BelCo from Sint-Joost-ten-Node, company number BE0719535508, closed financial year 2025 with a result of € -59,620 after tax. For that financial year MAGI No.5 BelCo recorded a gross margin of € -58,522 and equity of € -151,128. Compared with financial year 2024, the result moved from € -49,064 to € -59,620. 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 September 28, 2026.
€ -151,128
▼ € 59,620 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -59,620
▼ 22 % more loss than in 2024
Profit after tax over the fiscal year.
€ 390
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -269,728.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 45,519
▲ € 36,565 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -28,464 | € -36,941 | € -47,888 | € -58,522 | ▼ € 10,634 |
| Profit after taxes | € -29,416 | € -37,780 | € -49,064 | € -59,620 | ▼ € 10,556 |
| Equity | € -4,664 | € -42,444 | € -91,508 | € -151,128 | ▼ € 59,620 |
| Total debts | € 7,487 | € 43,089 | € 114,954 | € 151,519 | ▲ 32% |
| Cash | € 2,823 | € 644 | € 23,445 | € 390 | ▼ 98% |
| Retained profit | € -123,264 | € -161,044 | € -210,108 | € -269,728 | ▼ € 59,620 |
| Balance sheet total | € 2,824 | € 645 | € 23,446 | € 391 | ▼ 98% |
Key figures of MAGI No.5 BelCo, 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 MAGI No.5 BelCo?
What happened at MAGI No.5 BelCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Hyunmyoung OH became a director. NBB
- Taekyoung GONG stepped down as director. NBB
- Taekyoung GONG became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Gitte DE BRABANDER became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 29,416 loss in 2022 to € 59,620 loss in 2025.
Management
Behind MAGI No.5 BelCo are Hyunmyoung OH and Gitte DE BRABANDER. Gitte DE BRABANDER is also behind B-Consumer SA, European Properties BelCo, Elix Assets Belgium, Trone Holding and ADP16 Brussels.
Directors
According to the 2025 annual accounts
Hyunmyoung OH
Director
since 2026
Gitte DE BRABANDER
Director
Also active at: B-Consumer SA, European Properties BelCo, Elix Assets Belgium, Trone Holding, ADP16 Brussels
since 2019
Taekyoung GONG
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Sint-Lazaruslaan 4-10
1210 Sint-Joost-ten-Node
Sint-Lazaruslaan 4-10 ET6
1210 Sint-Joost-ten-Node
Active since 29 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 103 companies are registered at this address.
All companies at this address →Energia
€ 970,536 gross margin · 2025
Aurorium Belgium 2
€ 9.5 million revenue · 2025
HASBRO BELGIUM
€ 658,256 gross margin · 2025
Agra CEAS CONSULTING-Bureau Européen de Recherches
€ 2.2 million gross margin · 2024
BMC Software Belgium
€ 2 million gross margin · 2026
+98 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
- 0719.535.508
- VAT number
- BE 0719.535.508
- Registered office
- Sint-Lazaruslaan 4-10, 1210 Sint-Joost-ten-Node
- Names & denominations
- MAGI No.5 BelCo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 2019
- Peppol
- Not registered