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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAGNESIUM METAL from Oud-Turnhout, company number BE0893687823, closed financial year 2025 with a result of € -103,209 after tax. For that financial year MAGNESIUM METAL recorded a gross margin of € 89,367 and equity of € 82,792. Compared with financial year 2024, the result moved from € -90,651 to € -103,209. The company made a loss. The buffer shrank hard: equity is 55 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 82,792
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -103,209
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
€ 42,462
▲ € 40,787 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12,792.
Debts at end 2025
€ 100,242
▼ 7% vs 2024
€ 12,970 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 3,440
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 397,354 | € 777,727 | € 135,725 | € 89,367 | ▼ 34% |
| Profit after taxes | € 25,199 | € 116,599 | € -90,651 | € -103,209 | ▼ € 12,558 |
| Equity | € 160,054 | € 276,653 | € 186,002 | € 82,792 | ▼ 55% |
| Total debts | € 710,051 | € 317,069 | € 486,557 | € 689,807 | ▲ 42% |
| Cash | € 257 | € 167,940 | € 1,675 | € 42,462 | ▲ € 40,787 |
| Land & buildings | € 869,847 | € 404,988 | € 650,883 | € 690,137 | ▲ 6% |
| Retained profit | € 90,054 | € 206,653 | € 116,002 | € 12,792 | ▼ 89% |
| Bank debt | € 570,378 | € 208,294 | € 107,792 | € 100,242 | ▼ 7% |
| Balance sheet total | € 870,104 | € 593,722 | € 672,558 | € 772,599 | ▲ 15% |
Key figures of MAGNESIUM METAL, 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 MAGNESIUM METAL?
What happened at MAGNESIUM METAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 103,209. filed late Source: NBB ↗
- New establishment in Linter. KBO
- New establishment in Dessel. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,199 profit in 2022 to € 103,209 loss in 2025.
Paid € 64,654 in corporate taxes since 2022.
Best year ever: 2023, with € 116,599 profit.
Management
Behind MAGNESIUM METAL is INNEKE WILLEKENS. INNEKE WILLEKENS is also behind JRC IMMO.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Herfstdreef 13
2360 Oud-Turnhout
Pastorijstraat 29
2480 Dessel
Active since 23 November 2007
Heufstraat(OVH) 39
3350 Linter
Active since 17 February 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0893.687.823
- VAT number
- BE 0893.687.823
- Registered office
- Herfstdreef 13, 2360 Oud-Turnhout
- Names & denominations
- MAGNESIUM METAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2007
- Peppol
- Active · Active since 31 Jan 2026