De Straat van Magelaan
ActiveSummary
De Straat van Magelaan has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €592k and a net result of €14k. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 15.01 against 24.16 in 2024; short-term debt: 4.1% and cash: 3.3% of total assets), and 6.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.1%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
28 d late
2023
16 d early
2022
33 d early
2021
25 d early
2020
71 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€592k▲ 2.4%
2024 · €578k
2018: €575k
2019: €543k
2020: €501k
2021: €522k
2022: €522k
2023: €545k
2024: €578k
2018 → 2025
Total assets
€636k▲ 4.1%
2024 · €611k
2018: €618k
2019: €615k
2020: €591k
2021: €547k
2022: €576k
2023: €578k
2024: €611k
2018 → 2025
Net result
€14k▼ 57.4%
2024 · €33k
2018: €22k
2019: €18k
2020: €22k
2021: €21k
2022: €22k
2023: €24k
2024: €33k
2018 → 2025
Working capital
€366k▲ 5.5%
2024 · €347k
2018: €190k
2019: €182k
2020: €168k
2021: €209k
2022: €236k
2023: €289k
2024: €347k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€522k-€522k▼ 0.1%€545k▲ 4.6%€578k▲ 6.1%€592k▲ 2.4%
Operating result€31k-€34k▲ 8.7%€36k▲ 7.6%€44k▲ 21.6%€19k▼ 57.9%
Net result€21k-€22k▲ 2.2%€24k▲ 8.5%€33k▲ 38.9%€14k▼ 57.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €636k
Fixed assets
€243k ▼ 2.1%
Current assets
€393k ▲ 8.3%
Equity and liabilities €636k
Equity
€592k ▲ 2.4%
Provisions
€968 ▼ 27.6%
Debt
€43k ▲ 35.3%
Debt's share of the balance-sheet total rises from 5.2% to 6.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▼
2024 · €72k
Cash flow
€41k▼
2024 · €61k
Current ratio
15.01▼
2024 · 24.16
Debt to equity
0.07▲
2024 · 0.05
ROE
2.4%▼
2024 · 5.7%
ROA
2.2%▼
2024 · 5.4%
Interest coverage
1017.59▲
2024 · 656.18
Debt ≤ 1 year
€26k▲
2024 · €15k
Debt > 1 year
€11k=
2024 · €11k
Income taxes
€9k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€611k€636k▲
Fixed assets21/28€249k€243k▼
Tangible fixed assets22/27€249k€243k▼
Land and buildings22€249k€243k▼
Current assets29/58€362k€393k▲
Current investments50/53-€371k
Cash at bank and in hand54/58€352k€21k▼
Deferred charges and accrued income490/1€11k€949▼
Equity and liabilities
Total equity and liabilities10/49€611k€636k▲
Equity10/15€578k€592k▲
Contributions10/11€104k€104k=
Revaluation surpluses12€158k€148k▼
Reserves13€316k€341k▲
Non-distributable reserves130/1€185k€196k▲
Reserves not available under the articles1311€185k€196k▲
Tax-exempt reserves132€36k€35k▼
Distributable reserves133€95k€110k▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€1k€968▼
Deferred taxes168€1k€968▼
Amounts payable17/49€32k€43k▲
Amounts payable after more than one year17€11k€11k=
Other amounts payable178/9€11k€11k=
Amounts payable within one year42/48€15k€26k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€15k€18k▲
Other amounts payable47/48€20€7k▲
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€83k€57k▼
Operating profit (loss)9901€44k€19k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€110€45▼
Recurring financial charges65€110€45▼
Profit (loss) for the period before taxes9903€49k€23k▼
Transfer from deferred taxes780€369€369=
Income taxes67/77€16k€9k▼
Profit (loss) for the period9904€33k€14k▼
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€34k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€15k▼
Profit (loss) brought forward from the previous period14P€26k-
Transfer to equity691/2€61k€15k▼
To other reserves6921€61k€15k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €14k ▼57.4%
Net result drops to €14k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €33k ▲38.9%
Operating result €44k, net result €33k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 23.16
Current ratio from 7.84 to 23.16; short-term debt falls from €35k to €13k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 13current ratio 44.39
Current ratio from 3.38 to 44.39; short-term debt falls from €70k to €5k.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wijngaardveld 369300 AalstGround area
1.6 ha
Building footprint
2,636 m²
Volume, LiDAR
28,338 m³
Parcel 41303D0048/00Y000, Flanders · tallest building 33.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
De Straat van Magelaan
since 19842.025.173.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0048/00Y000 | Flanders | 1.6 ha | 1 · 2,636 m² | 33.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-1984
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.