I-MAGIC CONCEPTS
ActiveSummary
I-MAGIC CONCEPTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€200,906) and a net result of -€6,300. Equity is shrinking by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+5
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.05 in 2024; short-term debt: 154.5% and cash: 9.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-54.5%
Return on assets
-1.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€200,906
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
53 d late
2023
35 d late
2022
17 d early
2021
23 d late
2020
44 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 23 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€200,906▼ 3.2%
2024 · -€194,605
Total assets
€368,363▲ 2.3%
2024 · €360,244
Net result
-€6,300▲ 65.5%
2024 · -€18,260
Working capital
-€520,042▲ 1.4%
2024 · -€527,671
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€23,318▼ 8.8%-€37,523▼ 60.9%-€21,490▲ 42.7%-€17,714▲ 17.6%-€6,667▲ 62.4%
Net result-€23,523below the sector's middle half▼ 10.1%-€38,121below the sector's middle half▼ 62.1%-€21,670below the sector's middle half▲ 43.2%-€18,260below the sector's middle half▲ 15.7%-€6,300below the sector's middle half▲ 65.5%
Equity-€116,555below the sector's middle half▼ 25.3%-€154,676below the sector's middle half▼ 32.7%-€176,345below the sector's middle half▼ 14.0%-€194,605below the sector's middle half▼ 10.4%-€200,906below the sector's middle half▼ 3.2%
Total assets€462,576above the sector's middle half▼ 2.2%€422,806above the sector's middle half▼ 8.6%€406,373above the sector's middle half▼ 3.9%€360,244within the sector's middle half▼ 11.4%€368,363within the sector's middle half▲ 2.3%
Debt€579,131▲ 2.3%€577,482▼ 0.3%€582,718▲ 0.9%€554,849▼ 4.8%€569,269▲ 2.6%
Working capital-€545,481below the sector's middle half▼ 0.5%-€544,344below the sector's middle half▲ 0.2%-€546,043below the sector's middle half▼ 0.3%-€527,671below the sector's middle half▲ 3.4%-€520,042below the sector's middle half▲ 1.4%
Solvency-25.2%below the sector's middle half▼ 5.5pp-36.6%below the sector's middle half▼ 11.4pp-43.4%below the sector's middle half▼ 6.8pp-54.0%below the sector's middle half▼ 10.6pp-54.5%below the sector's middle half▼ 0.5pp
Current ratio0.06below the sector's middle half▲ 0.020.06below the sector's middle half=0.06below the sector's middle half▲ 0.010.05below the sector's middle half▼ 0.010.09below the sector's middle half▲ 0.04
Return on assets (ROA)-5.1%below the sector's middle half▼ 0.6pp-9.0%below the sector's middle half▼ 3.9pp-5.3%below the sector's middle half▲ 3.7pp-5.1%below the sector's middle half▲ 0.3pp-1.7%within the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,667 in 2025 against €17,714 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368,363
Fixed assets
€319,256 ▼ 4.3%
Current assets
€49,107 ▲ 85.4%
Key figures and ratios
EBITDA
€36,656▲
2024 · €22,898
Cash flow
€37,023▲
2024 · €22,352
Quick ratio
0.08▲
2024 · 0.05
Debt to equity
-2.83▲
2024 · -2.85
Interest coverage
78.07▲
2024 · 41.04
Debt ≤ 1 year
€569,149▲
2024 · €554,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,986 | €42,383 | €41,604 | €40,612 | €43,323 | ▲ 6.7% |
| Other operating charges640/8 | €1,402 | €1,333 | €2,355 | €2,351 | €2,255 | ▼ 4.1% |
| Non-recurring operating charges66A | €1,400 | - | - | - | - | - |
| Gross operating margin9900 | €21,470 | €6,193 | €22,469 | €25,248 | €38,912 | ▲ 54.1% |
| Operating profit (loss)9901 | -€23,318 | -€37,523 | -€21,490 | -€17,714 | -€6,667 | ▲ 62.4% |
| Financial income75/76B | €48 | €20 | €275 | €12 | €836 | ▲ 6,823% |
| Recurring financial income75 | €48 | €20 | €275 | €12 | €836 | ▲ 6,823% |
| Financial charges65/66B | €253 | €618 | €455 | €558 | €470 | ▼ 15.8% |
| Recurring financial charges65 | €253 | €618 | €455 | €558 | €470 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | -€23,523 | -€38,121 | -€21,670 | -€18,260 | -€6,300 | ▲ 65.5% |
| Profit (loss) for the period9904 | -€23,523 | -€38,121 | -€21,670 | -€18,260 | -€6,300 | ▲ 65.5% |
| Profit (loss) for the period to be appropriated9905 | -€23,523 | -€38,121 | -€21,670 | -€18,260 | -€6,300 | ▲ 65.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €462,576 | €422,806 | €406,373 | €360,244 | €368,363 | ▲ 2.3% |
| Fixed assets21/28 | €428,926 | €389,768 | €369,798 | €333,759 | €319,256 | ▼ 4.3% |
| Tangible fixed assets22/27 | €428,896 | €389,738 | €369,768 | €333,729 | €319,226 | ▼ 4.3% |
| Land and buildings22 | €403,052 | €364,096 | €342,984 | €307,226 | €294,553 | ▼ 4.1% |
| Plant, machinery and equipment23 | €17,089 | €17,346 | €14,369 | €14,602 | €13,475 | ▼ 7.7% |
| Furniture and vehicles24 | €8,756 | €8,296 | €12,415 | €11,901 | €11,199 | ▼ 5.9% |
| Financial fixed assets28 | €30 | €30 | €30 | €30 | €30 | = |
| Current assets29/58 | €33,650 | €33,038 | €36,575 | €26,485 | €49,107 | ▲ 85.4% |
| Stocks and contracts in progress3 | - | €221 | - | - | €1,500 | - |
| Stocks30/36 | - | €221 | - | - | €1,500 | - |
| Amounts receivable within one year40/41 | €3,288 | €546 | €5,768 | €6,884 | €11,361 | ▲ 65.0% |
| Trade receivables40 | €3,161 | €519 | €5,646 | €6,784 | €11,254 | ▲ 65.9% |
| Other amounts receivable41 | €127 | €27 | €122 | €100 | €108 | ▲ 8.0% |
| Cash at bank and in hand54/58 | €23,911 | €25,811 | €23,956 | €18,260 | €35,322 | ▲ 93.4% |
| Deferred charges and accrued income490/1 | €6,451 | €6,460 | €6,851 | €1,341 | €923 | ▼ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €462,576 | €422,806 | €406,373 | €360,244 | €368,363 | ▲ 2.3% |
| Equity10/15 | -€116,555 | -€154,676 | -€176,345 | -€194,605 | -€200,906 | ▼ 3.2% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Profit (loss) carried forward14 | -€132,755 | -€170,876 | -€192,545 | -€210,805 | -€217,106 | ▼ 3.0% |
| Amounts payable17/49 | €579,131 | €577,482 | €582,718 | €554,849 | €569,269 | ▲ 2.6% |
| Amounts payable within one year42/48 | €579,131 | €577,382 | €582,618 | €554,156 | €569,149 | ▲ 2.7% |
| Trade debts44 | €9,427 | €6,841 | €7,938 | €2,817 | €12,908 | ▲ 358% |
| Suppliers440/4 | €9,427 | €6,841 | €7,938 | €2,817 | €12,908 | ▲ 358% |
| Taxes, remuneration and social security45 | - | €1,323 | €3,223 | €1,658 | €2,089 | ▲ 26.0% |
| Taxes450/3 | - | €1,323 | €3,223 | €1,658 | €2,089 | ▲ 26.0% |
| Other amounts payable47/48 | €569,704 | €569,218 | €571,457 | €549,681 | €554,152 | ▲ 0.8% |
| Accrued charges and deferred income492/3 | - | €100 | €100 | €694 | €120 | ▼ 82.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,523 | -€38,121 | -€21,670 | -€18,260 | -€6,300 | ▲ 65.5% |
| + Depreciation and write-downs630 | €41,986 | €42,383 | €41,604 | €40,612 | €43,323 | ▲ 6.7% |
| Operating cash flow (approximation) | €18,463 | €4,262 | €19,934 | €22,352 | €37,023 | ▲ 65.6% |
| Investment in fixed assets (approximation) | - | -€3,225 | -€21,634 | -€4,573 | -€28,821 | ▼ 530% |
| Change in cash | - | €1,900 | -€1,855 | -€5,696 | €17,062 | ▲ 400% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
31-12
Financial
Weakest financial yearnet -€41,715
Net result drops to -€41,715, the lowest in the series; recovery starts the following year.
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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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Directors · office · real estate
Directors
3 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, Gent · 2 establishment units since 2010
Ground area
3,178 m²
Building footprint
361 m²
Volume, LiDAR
2,180 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
I-Magic Concepts
since 20102.189.793.311
House of Mysteries
since 20192.289.188.914
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0065/00H000 | Flanders | 3,018 m² | 1 · 251 m² | 8.6 m · 2 fl. |
| 44815F3136/00H000 ProtectedMonument · Townscape or village viewHoekcomplex in classicerende barok: herenhuis en aanpalende vleugelsSource ↗ |
Flanders | 161 m² | 1 · 110 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 193 companies in sector 46472 we hold annual accounts for 124. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46472Wholesale trade
73110Advertising agencies
74991Agents and managers of artists, athletes and other public figures
90201Performing arts by independent artists
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823946308
Also
9925:BE0823946308
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.