Corine Magnin

Active

Private limited companyfounded 201114 yrs activeWolvendaellaan 125, 1180 Ukkel, BelgiumKBO/BCE: BE 0839.574.986

Corine Magnin has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €389k. Its solvency ranks better than 54% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

83 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability92▼-3

Solvency86▼-11

Growth58

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €100k at 30 days acceptable

Liquidity ample (current ratio 2.56 against 2.52 in 2024; short-term debt: 38.5% and cash: 16.5% of total assets), and 39.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 69

Relative position

BE, all sectors

reference

Sector 69

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

60.5%

Return on assets

18.7%

Age of the figures

17 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 01-12-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

1 d late

2024

30 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

30-04-2026 close17-09-2026 today30-11-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€1.26M▼ 0.2%

2024 · €1.26M

2024: €1.26M

2024 → 2025

Total assets

€2.08M▲ 19.2%

2024 · €1.74M

2024: €1.74M

2024 → 2025

Net result

€389k▲ 8.0%

2024 · €360k

2024: €360k

2024 → 2025

Working capital

€1.25M▲ 76.6%

2024 · €706k

2024: €706k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€1.26M-€1.26M▼ 0.2%

Operating result€454k-€555k▲ 22.2%

Net result€360k-€389k▲ 8.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 22% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.08M

98.5%

Fixed assets €30k▼ 94.7%

Current assets €2.05M▲ 75.0%

Equity and liabilities €2.08M

60.5%

39.5%

Equity €1.26M▼ 0.2%

Debt €820k▲ 70.0%

The debt ratio rises from 27.7% to 39.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€558k▲

2024 · €456k

Cash flow

€392k▲

2024 · €362k

Solvency

60.5%▼

2024 · 72.3%

Current ratio

2.56▲

2024 · 2.52

Quick ratio

2.56▲

2024 · 2.52

Debt / equity

0.65▲

2024 · 0.38

ROE

30.9%▲

2024 · 28.6%

ROA

18.7%▼

2024 · 20.7%

Interest coverage

25.28▲

2024 · 22.82

Debt

€820k▲

2024 · €482k

Debt ≤ 1 year

€800k▲

2024 · €464k

Income taxes

€179k▲

2024 · €169k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.74M€2.08M▲

Fixed assets21/28€573k€30k▼

Tangible fixed assets22/27€26k€29k▲

Furniture and vehicles24€17k€21k▲

Other tangible fixed assets26€9k€8k▼

Financial fixed assets28€547k€2k▼

Current assets29/58€1.17M€2.05M▲

Amounts receivable after more than one year29-€714k

Other amounts receivable291-€714k

Amounts receivable within one year40/41€162€4k▲

Trade receivables40-€2k

Other amounts receivable41€162€2k▲

Current investments50/53€952k€966k▲

Cash at bank and in hand54/58€205k€343k▲

Deferred charges and accrued income490/1€12k€20k▲

Equity and liabilities

Total equity and liabilities10/49€1.74M€2.08M▲

Equity10/15€1.26M€1.26M▼

Contributions10/11€19k€19k=

Reserves13€1.07M€1.07M▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€1.07M€1.07M▼

Profit (loss) carried forward14€169k€169k=

Amounts payable17/49€482k€820k▲

Amounts payable within one year42/48€464k€800k▲

Financial debts43€346k€420k▲

Other loans439€346k€420k▲

Trade debts44€11k€4k▼

Suppliers440/4€11k€4k▼

Taxes, remuneration and social security45€77k€57k▼

Taxes450/3€77k€57k▼

Other amounts payable47/48€29k€318k▲

Accrued charges and deferred income492/3€19k€20k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€4k€3k▼

Gross operating margin9900€461k€561k▲

Operating profit (loss)9901€454k€555k▲

Financial income75/76B€94k€36k▼

Recurring financial income75€94k€36k▼

Financial charges65/66B€20k€22k▲

Recurring financial charges65€20k€22k▲

Profit (loss) for the period before taxes9903€529k€569k▲

Income taxes67/77€169k€179k▲

Profit (loss) for the period9904€360k€389k▲

Profit (loss) for the period to be appropriated9905€360k€389k▲

Appropriation of the result

Profit (loss) to be appropriated9906€630k€558k▼

Profit (loss) brought forward from the previous period14P€269k€169k▼

Transfer from equity791/2-€392k

Transfer to equity691/2€360k€389k▲

To other reserves6921€360k€389k▲

Profit to be distributed694/7€100k€392k▲

Return on contributions (dividend)694€100k€392k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 30-11-2026

2025

01-12

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 1 day late

2024

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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