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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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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
LSF XI Magpie Finco from Antwerpen, company number BE0785953881, closed financial year 2025 with a result of € 8,881 after tax. For that financial year LSF XI Magpie Finco recorded a gross margin of € 9,875 and equity of € 35,766. Compared with financial year 2024, the result moved from € 953 to € 8,881. 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 June 5, 2026.
€ 35,766
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,881
▲ € 7,928 vs 2024
Profit after tax over the fiscal year.
€ 16,440
▲ € 16,192 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 € -4,234.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 851
▲ 119% 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 | € -7,924 | € -4,700 | € 1,562 | € 9,875 | ▲ € 8,313 |
| Profit after taxes | € -8,549 | € -5,519 | € 953 | € 8,881 | ▲ € 7,928 |
| Equity | € 31,451 | € 25,932 | € 26,885 | € 35,766 | ▲ 33% |
| Total debts | € 5,270 | € 3,328 | € 124,880 | € 55,951 | ▼ 55% |
| Cash | - | € 325 | € 248 | € 16,440 | ▲ € 16,192 |
| Retained profit | € -8,549 | € -14,068 | € -13,115 | € -4,234 | ▲ € 8,881 |
| Bank debt | € 177 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 36,721 | € 29,260 | € 151,766 | € 91,717 | ▼ 40% |
Key figures of LSF XI Magpie Finco, 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 LSF XI Magpie Finco?
What happened at LSF XI Magpie Finco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,881 (▲ € 7,928 vs 2024). Source: NBB ↗
- Advinho BV became a director. NBB
- Barry Collard became a director. NBB
- Matthias De Raeymaeker became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,549 loss in 2022 to € 8,881 profit in 2025.
Best year ever: 2025, with € 8,881 profit.
Management
The stake of MANUCHAR GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LSF XI Magpie FincoBehind LSF XI Magpie Finco are Barry Collard, Matthias De Raeymaeker and Advinho BV. The shares are held by MANUCHAR GROUP (100%).
Directors
According to the 2025 annual accounts
since 2022
Matthias De Raeymaeker
Director
Also active at: Manuchar, LDI INTERNATIONAL, Manuchar Europe, Manuchar Pulp & Paper, Manuchar International Trade Services
since 2022
Director · represented by Pieter Lammertyn
since 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rietschoorvelden 20
2170 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Manuchar same network
€ 570.5 million revenue · 2025
UNIT ONE same network
€ 90,316 gross margin · 2025
LDI INTERNATIONAL same network
€ 3.1 million gross margin · 2025
MANUCHAR GROUP same network
Flamengo investments
€ -2,717 gross margin · 2025
+9 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
- 0785.953.881
- VAT number
- BE 0785.953.881
- Registered office
- Rietschoorvelden 20, 2170 Antwerpen
- Names & denominations
- LSF XI Magpie Finco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 May 2022
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen