What is the address of MAG-REEN?

The registered office of MAG-REEN is located at Louizalaan 343, 1050 Elsene.

Is MAG-REEN still active?

Yes. According to the CBE (31 October 2026) MAG-REEN is active, legal situation “Normale toestand”, started on 17 May 2005.

Is MAG-REEN registered on Peppol?

No, MAG-REEN is currently not registered on the Peppol network.

What is the enterprise number of MAG-REEN?

The enterprise number of MAG-REEN is BE0873833012.

When was MAG-REEN founded?

MAG-REEN was founded on 17 May 2005.

The shares are held by LUXEMBOURG CORPORATION INVEST IV (100%). It owns 98% of IMMO COMMERCE itself.

Is MAG-REEN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 May 2005; 5 annual accounts filed, latest fiscal year 2025.

How much profit did MAG-REEN make in 2025?

MAG-REEN posted a profit after taxes of € 83,451 in financial year 2025.

What is the revenue of MAG-REEN?

As a small company, MAG-REEN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -15,652.

MAG-REEN (Public Limited) - Elsene - BE0873833012

Dossier MAG-REEN, printed on 1 November 2026 from databakkes.be/en/0873833012/mag-reen. 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.

Busy address KBO

23 other companies have their registered office at the same address; threshold 10.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

MAG-REEN from Elsene, company number BE0873833012, closed financial year 2025 with a result of € 83,451 after tax. For that financial year MAG-REEN recorded a gross margin of € -15,652 and equity of € 697,937. Compared with financial year 2024, the result moved from € 110,118 to € 83,451. The company is profitable. 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 31, 2026.

What it is worth Growing

€ 697,937

▲ 14% vs 2024

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

Profit Healthy

€ 83,451

▼ 24% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9,241

▼ 24% 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 € -1.9 million.

Debts at end 2025

Bank debt

€ 6.2 million

▲ 1% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1,544

▲ 21% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -16,395 Gross margin 2022: € -16,395 First fiscal year in the series	€ -8,155 Gross margin 2023: € -8,155 ▲ € 8,240 vs 2022 (€ -16,395) Favourable step	€ -17,516 Gross margin 2024: € -17,516 ▼ € 9,361 vs 2023 (€ -8,155) Unfavourable step	€ -15,652 Gross margin 2025: € -15,652 ▲ € 1,864 vs 2024 (€ -17,516) Favourable step	▲ € 1,864
Profit after taxes	€ 122,299 Profit after taxes 2022: € 122,299 First fiscal year in the series	€ 8,658 Profit after taxes 2023: € 8,658 ▼ 93% vs 2022 (€ 122,299) Unfavourable step	€ 110,118 Profit after taxes 2024: € 110,118 ▲ € 101,460 vs 2023 (€ 8,658) Favourable step	€ 83,451 Profit after taxes 2025: € 83,451 ▼ 24% vs 2024 (€ 110,118) Unfavourable step	▼ 24%
Equity	€ 495,711 Equity 2022: € 495,711 First fiscal year in the series	€ 504,369 Equity 2023: € 504,369 ▲ 2% vs 2022 (€ 495,711) Favourable step	€ 614,487 Equity 2024: € 614,487 ▲ 22% vs 2023 (€ 504,369) Favourable step	€ 697,937 Equity 2025: € 697,937 ▲ 14% vs 2024 (€ 614,487) Favourable step	▲ 14%
Total debts	€ 6,225,550 Total debts 2022: € 6,225,550 First fiscal year in the series	€ 6,234,918 Total debts 2023: € 6,234,918 Unchanged (€ 6,225,550) Unfavourable step	€ 6,097,575 Total debts 2024: € 6,097,575 ▼ 2% vs 2023 (€ 6,234,918) Favourable step	€ 6,152,837 Total debts 2025: € 6,152,837 ▲ 1% vs 2024 (€ 6,097,575) Unfavourable step	▲ 1%
Cash	€ 11,585 Cash 2022: € 11,585 First fiscal year in the series	€ 11,312 Cash 2023: € 11,312 ▼ 2% vs 2022 (€ 11,585) Unfavourable step	€ 12,186 Cash 2024: € 12,186 ▲ 8% vs 2023 (€ 11,312) Favourable step	€ 9,241 Cash 2025: € 9,241 ▼ 24% vs 2024 (€ 12,186) Unfavourable step	▼ 24%
Retained profit	€ -2,120,289 Retained profit 2022: € -2,120,289 First fiscal year in the series	€ -2,111,631 Retained profit 2023: € -2,111,631 Unchanged (€ -2,120,289) Favourable step	€ -2,001,513 Retained profit 2024: € -2,001,513 ▲ € 110,118 vs 2023 (€ -2,111,631) Favourable step	€ -1,918,063 Retained profit 2025: € -1,918,063 ▲ € 83,451 vs 2024 (€ -2,001,513) Favourable step	▲ € 83,451
Bank debt	€ 6,210,693 Bank debt 2022: € 6,210,693 First fiscal year in the series	€ 6,221,808 Bank debt 2023: € 6,221,808 Unchanged (€ 6,210,693) Unfavourable step	€ 6,094,768 Bank debt 2024: € 6,094,768 ▼ 2% vs 2023 (€ 6,221,808) Favourable step	€ 6,151,293 Bank debt 2025: € 6,151,293 ▲ 1% vs 2024 (€ 6,094,768) Unfavourable step	▲ 1%
Balance sheet total	€ 6,721,261 Balance sheet total 2022: € 6,721,261 First fiscal year in the series	€ 6,739,287 Balance sheet total 2023: € 6,739,287 Unchanged (€ 6,721,261) Unchanged	€ 6,712,061 Balance sheet total 2024: € 6,712,061 Unchanged (€ 6,739,287) Unchanged	€ 6,850,774 Balance sheet total 2025: € 6,850,774 ▲ 2% vs 2024 (€ 6,712,061) Unchanged	▲ 2%

Key figures of MAG-REEN, 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 MAG-REEN?

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

Aug 31, 2026 New annual accounts for financial year 2025: profit of € 83,451 (▼ 24% vs 2024). filed late Source: NBB ↗
May 17, 2005 Start of the company according to the CBE. KBO

In short

From € 122,299 profit in 2022 to € 83,451 profit in 2025.

Best year ever: 2022, with € 122,299 profit.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Louizalaan 343

1050 Elsene

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.

All companies at this address →

ATLANTIS INTERNATIONAL SERVICES

€ 795,528 gross margin · 2025

IMMO COMMERCE same network

€ 1.7 million gross margin · 2025

ANTARES SELLIER Belgique

€ -79,051 gross margin · 2025

A & C Properties S.A.

€ 2.4 million gross margin · 2025

Bureau Van Hecke & Associés

€ 166,852 gross margin · 2022

+18 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: 0873.833.012
VAT number: BE 0873.833.012
Registered office: Louizalaan 343, 1050 Elsene
Names & denominations: MAG-REEN
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 17 May 2005
Peppol: Not registered

View on CBE Public ↗ Annual accounts (NBB) ↗

MAG-REEN