Active BE 0892.780.773Non-profit association

LE MAGNOLIA

Rue Omer Lescot(H) 12 ·7334 Saint-Ghislain, Belgium· 18 yrs active

Sector: Instellingen met huisvesting voor volwassenen met een mentale handicap (87202)

Conclusion Checked

The computed 12-month bankruptcy probability of LE MAGNOLIA is < 0.1% (very low). The 2025 annual accounts show equity of €627k and a net result of €23k. Equity is shrinking by ~5.8% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€627k
Net result	€23k
Staff (FTE)	43.3
Active	18 yrs

Financial profile 5 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 87

Profitability 18

Solvency 70

Growth 43

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

< 0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Lower-failure-rate sector −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2007, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

87 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 18-05-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.8%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue

€3.90M

+19.7% 18-25

EBITDA

€186k

+13.4% 18-25

Net profit

€23k

- 18-25

Cash flow

€165k

+21.8% 18-25

Total assets

€1.66M

-1.6% 18-25

Equity

€627k

+3.8% 18-25

Working capital

€343k

+20.8% 18-25

Employees (FTE)

43

-4.0% 18-25

Show 14 other metrics

Staff costs

€2.46M

+2.0% 18-25

Income taxes

€0

- 18-25

Debt

€1.03M

-4.6% 18-25

Debt ≤ 1y

€674k

+1.0% 18-25

Debt > 1y

€269k

-18.6% 18-25

Current ratio

1.51

+5.9% 18-25

Quick ratio

1.51

+5.9% 18-25

Solvency

37.8%

+5.5% 18-25

Debt / equity

1.65

-8.1% 18-25

ROE

3.7%

- 18-25

ROA

1.4%

- 18-25

Net margin

-0.5%

+95.5% 18-25

EBITDA margin

4.2%

- 18-25

Interest coverage

8.70

+52.4% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	-
EBITDA	€186k
Net profit	€23k
Cash flow	€165k
Staff costs	€2.46M
Income taxes	-
Dividends	-
Total assets	€1.66M
Equity	€627k
Debt	€1.03M
of which ≤ 1y	€674k
of which > 1y	€269k
Working capital	€343k
Employees (FTE)	43.3

Ratios (computed)

	2025
Current ratio	1.51
Quick ratio	1.51
Working capital ratio	20.7%
Solvency	37.8%
Debt / equity	1.65
Long-term debt ratio	0.43
Interest coverage	8.70
Gross margin	-
Net margin	-
ROA	1.4%
ROE	3.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €642k · 38.7% Current assets €1.02M · 61.3%

Equity & liabilities

Equity €627k · 37.8% Debt €1.03M · 62.2%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.66M
Fixed assets	21/28	€642k
Tangible fixed assets	22/27	€627k
Financial fixed assets	28	€15k
Current assets	29/58	€1.02M
Amounts receivable within one year	40/41	€615k
Cash & bank	54/58	€403k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.66M
Equity	10/15	€627k
Reserves	13	€627k
Amounts payable	17/49	€1.03M
Amounts payable after one year	17	€269k
Amounts payable within one year	42/48	€674k
Trade debts payable within one year	44	€43k
Income statement
Gross operating margin	9900	€2.74M
Operating result	9901	€44k
Financial income	75	€133
Financial charges	65	€21k
Result before taxes	9903	€23k
Net result for the period	9904	€23k
Result to be appropriated	9905	€23k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

DESCAMPS HOLDINGLegal entity
Director· perm. rep.: DESCAMPS François-Xavier
State Gazette act 25055213 (28-04-2025)

Current
22-05-2024 → present
2 events
- 22-05-2024 Mandate renewed· Director
- 22-05-2024 Appointed· Managing director
Maryse FAGNART
Director
State Gazette act 25055213 (28-04-2025)

Current
14-09-2015 → present
2 events
- 22-05-2024 Mandate renewed· Director
- 14-09-2015 Appointed· Director

Former directors (1)

FRERE Laurence
Director
State Gazette act 15163855 (23-11-2015)

Former
- → 14-09-2015

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Legal Structure

NACE primary	Instellingen met huisvesting voor volwassenen met een mentale handicap(87202)
Legal form	Non-profit association(017)
Incorporation	12-10-2007
Status	Active
Postal code	7334

Connections & network 1 connected companies

Group structure

DESCAMPS HOLDING

Sits on the board · 1 subsidiary · 1 location

Control→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control 1 parties

Control over this companysits on this company's board1

DESCAMPS HOLDING

1 subsidiary · 1 location

controls

LE MAGNOLIABE 0892.780.773

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Establishment units 3 locations

LE MAGNOLIA

Rue Omer Lescot(H) 12, 7334 Saint-GhislainInstellingen met huisvesting voor volwassenen met een mentale handicap

since 20082.173.284.010

Les Primevères

Rue Omer Lescot(H) 3, 7334 Saint-GhislainInstellingen met huisvesting voor volwassenen met een mentale handicap

since 20182.379.422.074

Chaussée de Maubeuge (H.) 470B, 7022 Mons

Instellingen met huisvesting voor volwassenen met een mentale handicap

since 20222.379.422.668

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53036B0274/00C002	Wallonia	1,962 m²	1 · 223 m²	12.8 m · 3 fl.
53042C0116/00W000	Wallonia	1,005 m²	1 · 159 m²	16.0 m · 3 fl.
53036B0225/00Z000	Wallonia	392 m²	1 · 94 m²	10.1 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 16 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

18-05-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

31-03-2026

State Gazette act Resignations & appointments

Board meeting · Board resolution

2025

30-05-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

12-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

17-01-2024

NBB filing Annual accounts filed

fiscal year 2017 · volledig

2023

20-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

06-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

23-06-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

25-06-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

02-12-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2017

03-07-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

Belgian State Gazette reading coverage 1 of 9 acts read

Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 6 acts

Address history · 1

23-06-2023

v3.2

All acts · 6 updated 4 months ago

2026

31-03-2026 Discharge granted to the board Director changes

Original publication ↗

Technical details

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  "act_meta": {
    "language": "mixed",
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  "co_filed_documents": [],
  "corrected_publication_numac": null
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2025

28-04-2025 1 director appointed, 2 reappointed Director changes

DESCAMPS François-Xavier, Gedelegeerd bestuurder
Maryse FAGNART, Bestuurder
DESCAMPS François-Xavier, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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      "effective_date": "2024-05-22",
      "evidence_quote": "A l\u0027unanimit\u00E9 des voix, l\u0027assembl\u00E9e g\u00E9n\u00E9rale des membres proc\u00E8de au renouvellement des mandats d\u0027administrateurs suivants pour une dur\u00E9e de 3 ans \u00E0 partir de la date d\u0027aujourd\u0027hui: -Madame Maryse FAGNART en tant qu\u0027administrateur"
    },
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      "effective_date": "2024-05-22",
      "evidence_quote": "A l\u0027unanimit\u00E9 des voix, l\u0027assembl\u00E9e g\u00E9n\u00E9rale des membres proc\u00E8de au renouvellement des mandats d\u0027administrateurs suivants pour une dur\u00E9e de 3 ans \u00E0 partir de la date d\u0027aujourd\u0027hui: -La SRL DESCAMPS HOLDING (BCE: 0536.942.114) en tant qu\u0027administrateur repr\u00E9sent\u00E9e par Monsieur DESCAMPS Fran\u00E7ois-Xavie"
    },
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        "kbo": "0536942114",
        "name": "SRL DESCAMPS HOLDING",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "effective_date": "2024-05-22",
      "evidence_quote": "Le Conseil d\u0027administration du 22 mai 2024 nomme la SRL DESCAMPS HOLDING (BCE: 0536.942.114) en tant qu\u0027administrateur d\u00E9l\u00E9gu\u00E9 repr\u00E9sent\u00E9e par Monsieur DESCAMPS Fran\u00E7ois-Xavier"
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2023

23-06-2023 Registered office moved Registered-office change

Summary: v3.2

Original publication ↗

Technical details

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2015

23-11-2015 3 reappointed Director changes

SPRL Patrimonia B&D, Bestuurder
SPRL Holding Descamps, Bestuurder
SPRL Holding Descamps, Gedelegeerd bestuurder

Summary: v3.2

Original publication ↗

Technical details

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  "events": [
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      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SPRL Patrimonia B\u0026D",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Il a \u00E9t\u00E9 d\u00E9cid\u00E9 de reconduire les mandats d\u0027administrateurs de la SPRL Patrimonia B\u0026D",
      "discharge_granted": true
    },
    {
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      "person": {
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        "name": "SPRL Holding Descamps",
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      },
      "evidence_quote": "Il a \u00E9t\u00E9 d\u00E9cid\u00E9 de reconduire les mandats d\u0027administrateurs de la SPRL Holding Descamps",
      "discharge_granted": true
    },
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      "person": {
        "rrn": null,
        "name": "SPRL Holding Descamps",
        "address": null,
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      "evidence_quote": "Il est \u00E9galement act\u00E9 la reconduction du mandat d\u0027Administrateur D\u00E9l\u00E9gu\u00E9 de la SPRL Holding Descamps",
      "discharge_granted": true
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23-11-2015 1 director appointed, 1 resigning Director changes

FAGNART Maryse, Bestuurder
FRERE Laurence, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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      },
      "effective_date": "2015-09-14",
      "evidence_quote": "D\u0027accepter la d\u00E9mission de Madame FRERE Laurence avec effet imm\u00E9diat."
    },
    {
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      "role": "bestuurder",
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2014

06-03-2014 Change in the board of directors Director changes

Summary: v3.2

Original publication ↗

Technical details

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  "events": [],
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    "model_id": 36,
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    "legal_form": "ASBL"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Instellingen met huisvesting voor volwassenen met een mentale handicap87202

Primary activity highlighted.

Names & trade names

Legal nameFR

LE MAGNOLIA

Registered office

Rue Omer Lescot(H) 12

7334 Saint-Ghislain, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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