Magics' EIC Accelerator Chips Built to Survive Space Radiation
Satellites, nuclear plants and fusion reactors all need electronics that keep working while radiation tears through them, and according to one Belgian company's EU project summary, Europe depends on foreign suppliers subject to export controls for those parts. That company, Magics Technologies, a chip designer in Geel, says it can build such chips on ordinary commercial CMOS processes, making them smaller and, per the same summary, up to ten times cheaper than existing solutions.
The European Innovation Council selected its project, HEROS (High-Reliability European Semiconductor Chips for Next-Gen Intelligent Systems), at the October 2025 cut-off of the EIC Accelerator for blended finance, a grant plus a proposed equity investment. CORDIS records a grant agreement signed on 28 May 2026 with an EU contribution of €2,499,999, running from 1 June 2026 to 31 May 2028. The project is five months old, so this article sets out what it promised and what can already be checked.
Company file
- Legal entity
- Magics Technologies NV, enterprise number 0634.891.526, Cipalstraat 3, 2440 Geel
- Registered
- 4 August 2015; named MAGICS Instruments in SCK CEN's 2016 announcement
- Origin
- Spin-off of KU Leuven and the Belgian Nuclear Research Centre (SCK CEN)
- Founders
- Jens Verbeeck (CEO) and Ying Cao, each the permanent representative of a delegated director since October 2015
- Investors
- PMV (Flanders Future Tech Fund), SC One (Family Schaubroeck & Cipal), KU Leuven Research & Development, Gemma Frisius Fund, Invest for Jobs, SCK CEN, founders
- Staff
- 38.8 full-time equivalents in the 2025 accounts, per Companyweb
- EIC project
- HEROS, agreement 101296675, June 2026 to May 2028, blended finance
A nuclear lab's answer to radiation damage
Magics grew out of radiation-tolerant electronics research for nuclear environments. When it was founded, SCK CEN announced in February 2016 that MAGICS Instruments had been formed in late October 2015 by Jens Verbeeck and Ying Cao as a spin-off of KU Leuven and the nuclear research centre, after seven years of research at both, and that its chips were designed to withstand more than 1 megagray of radiation. Verbeeck called the company "the missing link between the semi-conductor industry and the nuclear industry". Silicon Canals also describes Magics as a fabless 2015 spin-off of KU Leuven and SCK CEN.
The method is called radiation hardening by design. Rather than fabricating on dedicated radiation-hardened process lines, the circuits are laid out on standard commercial processes so that they tolerate the cumulative dose and the single particle strikes that flip bits in normal chips. The company's own website claims tolerance up to 100 Mrad (1 MGy) of total ionising dose for its hardest products and immunity to single-event effects above 62.5 MeV·cm²/mg. These are the company's figures; no independent test report for the full range could be found.
Its product lines, named in its April 2025 funding release, are a Vision Series of imaging chips for nuclear cameras and inspection, a Time Series of timing and clock chips for space missions, and a Motion Series of sensing and control chips for robotics, actuators and small modular reactors.
The record
From a nuclear research spin-off to a selected EIC project
Ten years from the founding in Geel to an EIC Accelerator grant agreement signed in May 2026. The space milestones are the company's own announcements.
- Aug 2015Company registeredEnterprise 0634.891.526 starts in Geel; founders Jens Verbeeck and Ying Cao, spin-off of KU Leuven and SCK CEN
- Apr 2025First closingFlanders Future Tech Fund (PMV), Invest for Jobs, KU Leuven Research & Development, Gemma Frisius Fund and the founders€5.7M
- Oct 2025Second closingLed by SC One (Family Schaubroeck & Cipal) and PMV, taking the round to €9.7M€4M
- Dec 2025ESCC9000 qualificationThe company announces space qualification of its MAG-TDC00002 time-to-digital converter
- Feb 2026EIC selectionHEROS appears among 61 companies of the October 2025 cut-off, blended finance
- Jun 2026HEROS startsGrant agreement 101296675, signed 28 May 2026€2.5M
- May 2028HEROS endsScheduled end of the EIC projectScheduled
SCK CEN, 26 February 2016; Belgian Crossroads Bank for Enterprises; Magics Technologies news releases; Silicon Canals, 13 October 2025; EIC, 17 February 2026; CORDIS.
The space part: one qualified chip, per the company
The clearest public evidence of the technology is the MAG-TDC00002, a time-to-digital converter that measures the interval between two signals, for applications the company lists as approach, landing and docking, and spectroscopy. At the European Space Agency's AMICSA workshop in June 2025, Magics engineers presented results from an ESA-supported development: 8 picoseconds single-shot precision over a range from zero to 3 seconds, 20 milliwatts of power, total dose tolerance above 100 krad (Si) and single-event tolerance above 62.5 MeV·cm²/mg. The same slides describe a 16-channel follow-up chip, also with ESA support.
The company then announced that the chip was qualified under the ESCC9000 space standard in December 2025, and in May 2026 that a MAG-TDC was operating in orbit on the International Space Station in a space weather monitoring system. The announcement names neither the mission nor the customer, and neither claim could be confirmed in a second, independent source. In April 2026 it launched a radiation-tolerant clock generator, the MAG-PLL00002.
What cannot be checked
The HEROS summary says Magics already works with ESA and Thales Alenia Space and projects revenues above €30 million by 2030. A web search for the two names together found no statement by Thales Alenia Space about the relationship, and Magics does not publish its turnover, so neither the partnership's scope nor the revenue path can be checked.
What HEROS promises
According to the CORDIS objective, Magics' products are at technology readiness level 6 and HEROS is meant to take them to level 8. The target is sensing, timing and actuation systems-on-chip for satellites in low Earth and geostationary orbit. The objective stresses that the chips are free of the US ITAR and EAR export regimes, and positions them as a contribution to European strategic autonomy under the EU Chips Act.
The EIC announced on 17 February 2026 that 61 companies had been selected in that round, with €467 million requested in total and 85% on blended finance, and its list of selected companies shows MAGICS TECHNOLOGIES, HEROS, Belgium, blended finance. Magics announced its selection the same day without giving an amount. CORDIS records the grant only; no EIC Fund equity investment in Magics has been announced, and its size is not public.
- Rad-hard chips at TRL 6Products on saleConverter, clock generator and image sensor chips listed with evaluation kits on the company site.
- Space qualification and flight heritageClaimed for one chipESCC9000 qualification and ISS operation announced by the company, not independently confirmed.
- Systems-on-chip at TRL 8Too earlyProject runs to May 2028; CORDIS shows no report yet.
- Revenue above €30M by 2030ProjectionNo turnover is published in the filed accounts.
The money and the accounts
Magics raised €9.7 million in two closings in 2025. The first, of €5.7 million in April, came from the Flanders Future Tech Fund managed by the Flemish investment company PMV, Invest for Jobs, KU Leuven Research & Development, the Gemma Frisius Fund and the founders. The second, of €4 million in October, was led by SC One (Family Schaubroeck & Cipal) and PMV, as also reported by Silicon Canals. The company said the money would scale production and fund expansion into North America and Asia; in August 2026 it opened an office in Osceola County, Florida.
The Belgian Crossroads Bank for Enterprises records the company as active and in a normal legal situation, with seven directors, among them Renier Schaubroeck since 29 September 2025, the month before the SC One-led closing. The filed accounts, as reproduced by Companyweb and Staatsbladmonitor, give identical equity, debt and gross margin figures. They differ on the 2025 balance sheet total: €14.83 million per Companyweb, €14.75 million per Staatsbladmonitor.
The balance sheet
The 2025 round nearly tripled equity and halved debts
Equity and debts in the filed accounts for 2022 to 2025. The €9.7 million round of 2025 shows in the last year: equity up from €3.98 million to €11.05 million, debts down from €7.52 million to €3.78 million.
Annual accounts as reproduced by Companyweb and Staatsbladmonitor (identical figures). Values in € millions.
The capital went in against widening losses. Companyweb shows a net loss of €1.65 million for 2024 and €3.02 million for 2025; Staatsbladmonitor shows an operating loss of €1.99 million and €3.69 million for the same years. Magics files no turnover, and its gross margin, the closest public measure of trading, has been almost flat since 2023 at about €3 million. Staatsbladmonitor shows one year with an operating profit, 2020, at €0.86 million.
The accounts
Gross margin has stalled at about €3 million
Magics files abbreviated accounts without turnover, so gross margin is the closest public measure of its business. It rose quickly to 2020, dipped in 2021, then flattened from 2023.
Annual accounts as reproduced by Staatsbladmonitor; Companyweb shows the same figures for 2022 to 2025. Values in € millions.
What the company said
In its June 2025 ESA workshop slides, Magics described itself as employing 42 full-time equivalents and said it "has doubled its staff and revenue almost annually".
What the record shows
Average staff in the filed accounts, per Companyweb, went from 35.2 in 2022 to 39.1, 38.1 and 38.8 in the following three years. Revenue is not published; gross margin grew 8% from 2023 to 2025.
Why the EU funds it
The European Chips Act of September 2023 sets up a framework of measures to strengthen Europe's semiconductor ecosystem. The HEROS objective places Magics inside it: it says Europe depends on foreign suppliers subject to export controls for radiation-hardened parts, and offers chips designed in Belgium, free of ITAR and EAR, for European satellites and, on the company's own news page, for nuclear inspection and fusion robotics. That is the policy argument for the grant. The company's news page, checked in October 2026, announces no volume order from a European satellite builder.
Verdict
Magics has spent ten years building radiation-tolerant chips that, per its own announcements, it now sells through distributors in Europe, the United States and Asia, and one of them was developed with ESA support. The EIC grant arrives with a fresh €9.7 million of equity, but also with a business whose gross margin grew 8% in two years and whose net loss nearly doubled in 2025. HEROS is meant to take its chips into satellite systems, and the company's announcements so far name no satellite customer.
Magics Technologies was not asked for comment for this article. The reporting is based on publicly available sources, listed below.
Sources
- CORDIS, HEROS project fact sheet
- EIC, 61 start-ups and SMEs secure EIC support, 17 February 2026 and list of selected companies
- Magics, Selected in the EIC Accelerator Programme, 17 February 2026
- Magics, €5.7M capital round, 16 April 2025 and €9.7M total, 9 October 2025
- Silicon Canals, Magics secures €4M, 13 October 2025
- SCK CEN, MAGICS Instruments makes electronics operate in radioactive environments, 26 February 2016
- Magics Technologies, Low power radiation hardened by design TDC with 8 ps single-shot precision, ESA AMICSA, 17 June 2025
- Magics, MAG-TDC00002 space-qualified under ESCC9000, 14 December 2025, MAG-TDC operating on the ISS, 12 May 2026 and MAG-PLL00002 launch, 28 April 2026
- Magics, first US office, 20 August 2026
- Crossroads Bank for Enterprises, Magics Technologies 0634.891.526
- Companyweb, Magics Technologies and Staatsbladmonitor, Magics Technologies
- Regulation (EU) 2023/1781, the European Chips Act
- Magics Technologies, company website
Industry
Electronics and semiconductorsSemiconductors
AlsoSpaceSpacecraft components
- Focus
- Mixed-signal chips
- Technologies
- Semiconductor design
- Keywords
- Radiation-hardened chips
- Satellite payloads
- Precision timing
- Nuclear decommissioning
- Fusion energy