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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Magiq from Gent, company number BE0795409304, closed financial year 2025 with a result of € 48,335 after tax. For that financial year Magiq recorded a gross margin of € 163,976 and equity of € 176,523. Compared with financial year 2024, the result moved from € 14,420 to € 48,335. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 176,523
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,335
▲ 235% vs 2024
Profit after tax over the fiscal year.
€ 1,450
▼ 75% 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 € 76,523.
Debts at end 2025
€ 1.5 million
▼ 5% vs 2024
€ 90,941 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 6,580
▲ € 6,311 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,451
▲ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 30,807 | € 139,421 | € 163,976 | ▲ 18% |
| Profit after taxes | € 13,768 | € 14,420 | € 48,335 | ▲ 235% |
| Equity | € 113,768 | € 128,189 | € 176,523 | ▲ 38% |
| Total debts | € 310,571 | € 1,726,504 | € 1,632,043 | ▼ 5% |
| Cash | € 10,006 | € 5,917 | € 1,450 | ▼ 75% |
| Land & buildings | - | € 1,398,605 | € 1,367,515 | ▼ 2% |
| Retained profit | € 13,768 | € 28,189 | € 76,523 | ▲ 171% |
| Bank debt | € 271,691 | € 1,626,274 | € 1,538,884 | ▼ 5% |
| Balance sheet total | € 424,339 | € 1,854,692 | € 1,808,566 | ▼ 2% |
Key figures of Magiq, fiscal years 2023 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 Magiq?
What happened at Magiq in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 48,335 (▲ 235% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Grace ISHIEKWENE became a director. NBB
- Quentin MAGNETTE became a director. NBB
In short
From € 13,768 profit in 2023 to € 48,335 profit in 2025.
Paid € 24,961 in corporate taxes since 2023.
Best year ever: 2025, with € 48,335 profit.
Management
Behind Magiq are Grace ISHIEKWENE and Quentin MAGNETTE. It owns 100% of MOKABON itself.
Directors
According to the 2025 annual accounts
since 2022
Quentin MAGNETTE
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Donkersteeg 35
9000 Gent
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
- 0795.409.304
- VAT number
- BE 0795.409.304
- Registered office
- Donkersteeg 35, 9000 Gent
- Names & denominations
- Magiq
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2022
- Peppol
- Active · Active since 12 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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