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 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.1 to 12.9.
Financials
Financial year 2025
MAGWAT from Waterloo, company number BE0802151101, closed financial year 2025 with a result of € -794,250 after tax. For that financial year MAGWAT recorded a gross margin of € 42,729 and equity of € -134,373. Compared with financial year 2024, the result moved from € 18,116 to € -794,250. 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 30, 2026.
€ -134,373
▼ € 444,250 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -794,250
▼ still € 18,116 profit in 2024
Profit after tax over the fiscal year.
€ 233,182
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -759,373.
People and assets in 2025
12.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 569,352
▼ 17% vs 2024
€ 44,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 128,045
▲ € 124,975 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 322,909
▼ 28% vs 2024
€ 37,143 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 2.3 million
▲ 220% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,749
▲ 1% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 418,958 | € 457,793 | € 42,729 | ▼ 91% |
| Profit after taxes | € 16,762 | € 18,116 | € -794,250 | ▼ € 812,365 |
| Equity | € 291,762 | € 309,877 | € -134,373 | ▼ € 444,250 |
| Total debts | € 1,830,389 | € 1,547,331 | € 3,601,147 | ▲ 133% |
| Cash | € 823,733 | € 514,779 | € 233,182 | ▼ 55% |
| Land & buildings | - | - | € 161,418 | |
| Retained profit | € 16,762 | € 34,877 | € -759,373 | ▼ € 794,250 |
| Bank debt | € 886,544 | € 446,380 | € 322,909 | ▼ 28% |
| Balance sheet total | € 2,122,151 | € 1,857,208 | € 3,466,774 | ▲ 87% |
| Employees (FTE) | 16.1 | 13.8 | 12.9 | ▼ 0.9 |
Key figures of MAGWAT, 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 MAGWAT?
What happened at MAGWAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 794,250 (▼ € 812,365 vs 2024). filed late Source: NBB ↗
- Capital increase of € 350,000, published in the Gazette. Source: Staatsblad ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
- OURAL SRL became a director. NBB
In short
From € 16,762 profit in 2023 to € 794,250 loss in 2025.
Paid € 14,100 in corporate taxes since 2023.
Best year ever: 2024, with € 18,116 profit.
On average € 3,300 of value added per employee in 2025.
Management
Establishments
Establishment units
Physical locations of this company
Chaussée de Louvain 281
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0802.151.101
- VAT number
- BE 0802.151.101
- Registered office
- Chaussée de Louvain 281, 1410 Waterloo
- Names & denominations
- MAGWAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 May 2023
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)