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
MAGAS from Gent, company number BE0772435447, closed financial year 2025 with a result of € 51,786 after tax. For that financial year MAGAS recorded a gross margin of € 92,161 and equity of € 160,835. Compared with financial year 2024, the result moved from € 47,255 to € 51,786. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 27, 2026.
€ 160,835
▲ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,786
▲ 10% vs 2024
Profit after tax over the fiscal year.
€ 56,065
▲ € 55,078 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 € 159,335.
People and assets in 2025
€ 18,823
▼ 35% 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.
€ 267,259
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,947
▼ 53% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 99,780 | € 78,893 | € 92,161 | ▲ 17% |
| Profit after taxes | € 60,293 | € 47,255 | € 51,786 | ▲ 10% |
| Equity | € 61,793 | € 109,049 | € 160,835 | ▲ 47% |
| Total debts | € 354,117 | € 239,832 | € 280,206 | ▲ 17% |
| Cash | € 3,359 | € 987 | € 56,065 | ▲ € 55,078 |
| Retained profit | € 60,293 | € 107,549 | € 159,335 | ▲ 48% |
| Balance sheet total | € 415,911 | € 348,880 | € 441,041 | ▲ 26% |
Key figures of MAGAS, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MAGAS?
What happened at MAGAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 51,786 (▲ 10% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Issa Tcherbigev became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 60,293 profit in 2023 to € 51,786 profit in 2025.
Paid € 39,893 in corporate taxes since 2023.
Best year ever: 2023, with € 60,293 profit.
Management
Behind MAGAS is Issa Tcherbigev.
Directors
According to the 2025 annual accounts
Issa Tcherbigev
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Voskenslaan 135 box A
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0772.435.447
- VAT number
- BE 0772.435.447
- Registered office
- Voskenslaan 135 bus A, 9000 Gent
- Names & denominations
- MAGAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2021
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Installatie van isolatie
Schrijnwerk
Ontwikkeling van residentiële bouwprojecten
Detailhandel in overige bouwmaterialen, neg
Sanitaire werkzaamheden
Isolatiewerkzaamheden