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Magdi Ballay

Handmade cotton-cord and textile bags for women, sold online from Slovakia

Hlboké nad Váhom, SlovakiaFounded 2023magdiballay.eu

Highlights

  • Young companyFounded 2023
  • ProfitableFY2025 net profit €295 · RÚZ
  • GrowingRevenue +57% YoY (FY2025) · RÚZ
  • New on EvolcAdded 2026-10-17

About Magdi Ballay

Magdi Ballay is a Slovak brand that makes handmade bags from cotton cord, including shoulder bags, textile bags, summer bags, crossbody bags and straw bags. The website states that each piece is sewn individually.

The brand sells its bags directly through its own online shop, with products listed at prices of 38 to 42 EUR and shipped within 3 working days after payment. The website does not describe other sales channels or customer segments in detail.

The registry records the legal entity Magdi Ballay, s.r.o., with headquarters in Hlboké nad Váhom, Slovakia, founded on 4 May 2023 and with 1 to 9 employees. The website lists Facebook and Instagram profiles and an info@ contact address.

Product: Handmade cotton-cord shoulder bags, textile bags, summer bags, crossbody bags and straw bags sold through the brand's online shop.

Financials

FY2025FY2024FY2023
Revenue€3k€2k€1k
Growth+57%+40%—
EBITDA€648−€417€574
Operating profit€648−€417€574
Net profit€295−€757€479
Net margin9.6%−39%34.5%
Personnel costs€770€649€376
Total assets€5k€5k€6k
Cash€5k€5k€6k
Liabilities€428€405€187
Equity€5k€5k€5k

As filed with RÚZ (Slovak register of financial statements). Each year links to its statement.

Open jobs

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Leadership

Tech stack

  • AWS
  • Google Analytics 4
  • Meta Pixel
  • PHP
  • Shoptet