Mago is registered with the CBE as active in: Handel in eigen onroerend goed. Private Limited, started on 28 February 2019, 1 establishment.

What is the address of Mago?

The registered office of Mago is located at Diestersteenweg 89, 3510 Hasselt.

Is Mago still active?

Yes. According to the CBE (15 November 2026) Mago is active, legal situation “Normale toestand”, started on 28 February 2019.

Is Mago registered on Peppol?

Yes, Mago is registered on the Peppol network with ID 0208:0721674852.

What is the enterprise number of Mago?

The enterprise number of Mago is BE0721674852.

When was Mago founded?

Mago was founded on 28 February 2019.

Who are the directors of Mago?

According to the 2025 annual accounts, the directors of Mago are: Koen Govaerts, Rowan Smeets.

Is Mago a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 February 2019; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did Mago make in 2025?

Mago posted a profit after taxes of € 12,088 in financial year 2025.

What is the revenue of Mago?

As a small company, Mago is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 61,506.

Mago (Private Limited) - Hasselt - BE0721674852

Dossier Mago, printed on 15 November 2026 from databakkes.be/en/0721674852/mago. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Mago from Hasselt, company number BE0721674852, closed financial year 2025 with a result of € 12,088 after tax. For that financial year Mago recorded a gross margin of € 61,506 and equity of € 108,210. Compared with financial year 2024, the result moved from € 2,412 to € 12,088. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 11, 2026.

What it is worth Growing

€ 108,210

▲ 13% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 12,088

▲ € 9,676 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 20,843

▼ 15% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 44,279.

Debts at end 2025

Bank debt ≈ 11 years to go

€ 386,469

▼ 8% vs 2024

€ 35,723 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 1,151

▼ 76% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 60,908 Gross margin 2022: € 60,908 First fiscal year in the series	€ 57,334 Gross margin 2023: € 57,334 ▼ 6% vs 2022 (€ 60,908) Unfavourable step	€ 51,057 Gross margin 2024: € 51,057 ▼ 11% vs 2023 (€ 57,334) Unfavourable step	€ 61,506 Gross margin 2025: € 61,506 ▲ 20% vs 2024 (€ 51,057) Favourable step	▲ 20%
Profit after taxes	€ 17,449 Profit after taxes 2022: € 17,449 First fiscal year in the series	€ 4,156 Profit after taxes 2023: € 4,156 ▼ 76% vs 2022 (€ 17,449) Unfavourable step	€ 2,412 Profit after taxes 2024: € 2,412 ▼ 42% vs 2023 (€ 4,156) Unfavourable step	€ 12,088 Profit after taxes 2025: € 12,088 ▲ € 9,676 vs 2024 (€ 2,412) Favourable step	▲ € 9,676
Equity	€ 44,223 Equity 2022: € 44,223 First fiscal year in the series	€ 48,379 Equity 2023: € 48,379 ▲ 9% vs 2022 (€ 44,223) Favourable step	€ 96,121 Equity 2024: € 96,121 ▲ 99% vs 2023 (€ 48,379) Favourable step	€ 108,210 Equity 2025: € 108,210 ▲ 13% vs 2024 (€ 96,121) Favourable step	▲ 13%
Total debts	€ 558,606 Total debts 2022: € 558,606 First fiscal year in the series	€ 503,440 Total debts 2023: € 503,440 ▼ 10% vs 2022 (€ 558,606) Favourable step	€ 428,023 Total debts 2024: € 428,023 ▼ 15% vs 2023 (€ 503,440) Favourable step	€ 387,763 Total debts 2025: € 387,763 ▼ 9% vs 2024 (€ 428,023) Favourable step	▼ 9%
Cash	€ 20,467 Cash 2022: € 20,467 First fiscal year in the series	€ 16,086 Cash 2023: € 16,086 ▼ 21% vs 2022 (€ 20,467) Unfavourable step	€ 24,623 Cash 2024: € 24,623 ▲ 53% vs 2023 (€ 16,086) Favourable step	€ 20,843 Cash 2025: € 20,843 ▼ 15% vs 2024 (€ 24,623) Unfavourable step	▼ 15%
Land & buildings	€ 517,790 Land & buildings 2022: € 517,790 First fiscal year in the series	€ 492,502 Land & buildings 2023: € 492,502 ▼ 5% vs 2022 (€ 517,790) Unchanged	€ 467,213 Land & buildings 2024: € 467,213 ▼ 5% vs 2023 (€ 492,502) Unchanged	€ 444,778 Land & buildings 2025: € 444,778 ▼ 5% vs 2024 (€ 467,213) Unchanged	▼ 5%
Retained profit	€ 25,623 Retained profit 2022: € 25,623 First fiscal year in the series	€ 29,779 Retained profit 2023: € 29,779 ▲ 16% vs 2022 (€ 25,623) Favourable step	€ 32,191 Retained profit 2024: € 32,191 ▲ 8% vs 2023 (€ 29,779) Favourable step	€ 44,279 Retained profit 2025: € 44,279 ▲ 38% vs 2024 (€ 32,191) Favourable step	▲ 38%
Bank debt	€ 488,803 Bank debt 2022: € 488,803 First fiscal year in the series	€ 455,461 Bank debt 2023: € 455,461 ▼ 7% vs 2022 (€ 488,803) Favourable step	€ 421,906 Bank debt 2024: € 421,906 ▼ 7% vs 2023 (€ 455,461) Favourable step	€ 386,469 Bank debt 2025: € 386,469 ▼ 8% vs 2024 (€ 421,906) Favourable step	▼ 8%
Balance sheet total	€ 602,829 Balance sheet total 2022: € 602,829 First fiscal year in the series	€ 551,819 Balance sheet total 2023: € 551,819 ▼ 8% vs 2022 (€ 602,829) Unchanged	€ 524,144 Balance sheet total 2024: € 524,144 ▼ 5% vs 2023 (€ 551,819) Unchanged	€ 495,973 Balance sheet total 2025: € 495,973 ▼ 5% vs 2024 (€ 524,144) Unchanged	▼ 5%

By gross margin, Mago ranks 4th of 7 companies with main activity “Handel in eigen onroerend goed” in Hasselt that publish figures (fiscal year 2025).

Key figures of Mago, 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.

Ask about Mago the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to Mago?

What happened at Mago in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Mar 11, 2026 New annual accounts for financial year 2025: profit of € 12,088 (▲ € 9,676 vs 2024). Source: NBB ↗
2025 Rowan Smeets became a director. NBB
Mar 4, 2019 Incorporation, published in the Gazette. Source: Staatsblad ↗
Feb 28, 2019 New establishment in Hasselt. KBO

In short

From € 17,449 profit in 2022 to € 12,088 profit in 2025.

Paid € 5,840 in corporate taxes since 2022.

Best year ever: 2022, with € 17,449 profit.

Original PDFs at the National Bank ↗

Management

Koen Govaerts Rowan Smeets

Mago

KINESITHERAPIE SMEETS

Behind Mago are Koen Govaerts and Rowan Smeets. Rowan Smeets is also behind KINESITHERAPIE SMEETS.

Directors

According to the 2025 annual accounts

Koen Govaerts

Director

Rowan Smeets

Director

Also active at: KINESITHERAPIE SMEETS

since 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Diestersteenweg 89

3510 Hasselt

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

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Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

4 March 2019 Source: Deed ↗

MAESEN Nick Maria Raymond Lomme(oprichter) 50%
GOVAERTS Koen Stephan Alde(oprichter) 50%

Details

Company number

0721.674.852

VAT number

BE 0721.674.852

Registered office

Diestersteenweg 89, 3510 Hasselt

Names & denominations

Mago

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

28 February 2019

Peppol

Active · Active since 26 Sept 2024

Activities · NACE

Handel in eigen onroerend goed

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗

Mago

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Financials

Ask about Mago the way you would ask their accountant.

What happened to Mago?

Management

Directors

Establishments

Establishment units

Similar companies in Hasselt

Shareholders according to the Official Gazette deeds

Details

Frequently asked questions