Le Magret
ActiveThe computed 12-month bankruptcy probability of Le Magret is 2.1% (moderate). The annual accounts of Le Magret for fiscal year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 13270 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+2
Solvency34▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.33 against 0.46 in 2024; short-term debt: 74.6% and cash: 0.7% of total assets), and 90.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
9.2%
Return on assets
-15.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-16k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
21 d early
2024
21 d early
2023
51 d early
2022
66 d early
2021
45 d early
2020
33 d early
2019
8 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▼ 62.9%
2024 · €25k
2018: €9k
2019: €8k
2020: €18k
2021: €50k
2022: €43k
2023: €35k
2024: €25k
2018 → 2025
Total assets
€101k▲ 0.5%
2024 · €101k
2018: €180k
2019: €153k
2020: €141k
2021: €171k
2022: €160k
2023: €128k
2024: €101k
2018 → 2025
Net result
€-16k▼ 64.4%
2024 · €-10k
2018: €-90
2019: €-934
2020: €12k
2021: €33k
2022: €-7k
2023: €-9k
2024: €-10k
2018 → 2025
Working capital
€-51k▼ 53.1%
2024 · €-33k
2018: €-37k
2019: €-38k
2020: €-22k
2021: €22k
2022: €-9k
2023: €-26k
2024: €-33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€43k▼ 13.2%€35k▼ 19.8%€25k▼ 27.7%€9k▼ 62.9%
Operating result€45k-€-3k€-5k▼ 78.6%€-5k▼ 20.8%€-14k▼ 150%
Net result€33k-€-7k€-9k▼ 29.7%€-10k▼ 12.4%€-16k▼ 64.4%
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 €14k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€77k▲ 6.7%
Current assets
€25k▼ 14.9%
Equity and liabilities €101k
Equity
€9k▼ 62.9%
Debt
€92k▲ 21.5%
The debt ratio rises from 75.1% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €19k
Cash flow
€10k▼
2024 · €15k
Solvency
9.2%▼
2024 · 24.9%
Current ratio
0.33▼
2024 · 0.46
Quick ratio
0.13▼
2024 · 0.17
Debt / equity
9.87▲
2024 · 3.01
ROE
-169.6%▼
2024 · -38.3%
ROA
-15.6%▼
2024 · -9.5%
Interest coverage
5.63▲
2024 · 4.58
Debt
€92k▲
2024 · €76k
Debt ≤ 1 year
€76k▲
2024 · €62k
Debt > 1 year
€16k▲
2024 · €12k
Income taxes
€141▼
2024 · €144
Staff costs
€487▼
2024 · €3k
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€101k€101k▲
Fixed assets21/28€72k€77k▲
Intangible fixed assets21€1k€956▼
Tangible fixed assets22/27€70k€76k▲
Land and buildings22€53k€43k▼
Plant, machinery and equipment23€3k€21k▲
Furniture and vehicles24€1k€879▼
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28€293€0▼
Current assets29/58€29k€25k▼
Stocks and contracts in progress3€18k€15k▼
Stocks30/36€18k€15k▼
Amounts receivable within one year40/41€9k€6k▼
Trade receivables40€8k€3k▼
Other amounts receivable41€77€2k▲
Cash at bank and in hand54/58€2k€737▼
Deferred charges and accrued income490/1€356€4k▲
Equity and liabilities
Total equity and liabilities10/49€101k€101k▲
Equity10/15€25k€9k▼
Contributions10/11€8k€8k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€7k€-9k▼
Amounts payable17/49€76k€92k▲
Amounts payable after more than one year17€12k€16k▲
Financial debts170/4€12k€16k▲
Amounts payable within one year42/48€62k€76k▲
Current portion of amounts payable after more than one year42€21k€17k▼
Financial debts43€7k€10k▲
Credit institutions430/8€7k€10k▲
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Taxes, remuneration and social security45€15k€26k▲
Taxes450/3€6k€6k▼
Remuneration and social security454/9€9k€21k▲
Other amounts payable47/48€8k€13k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€3k€487▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€26k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€129€93▼
Other operating charges640/8€1k€916▼
Gross operating margin9900€23k€14k▼
Operating profit (loss)9901€-5k€-14k▼
Financial income75/76B€78€182▲
Recurring financial income75€78€182▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-9k€-16k▼
Income taxes67/77€144€141▼
Profit (loss) for the period9904€-10k€-16k▼
Profit (loss) for the period to be appropriated9905€-10k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-9k▼
Profit (loss) brought forward from the previous period14P€17k€7k▼
The notes to these accounts (16 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €33k ▲186%
Operating result €45k, net result €33k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.42
Current ratio from 0.53 to 1.42.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lochristi · 1 establishment unit since 2017
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.
Magretstraat 899080 LochristiGround area
3,034 m²
Building footprint
497 m²
Volume, LiDAR
2,462 m³
Parcel 44008D0314/00F000, Flanders · tallest building 16.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le Magret
since 20172.261.633.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008D0314/00F000 | Flanders | 3,034 m² | 1 · 497 m² | 16.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 487 EUR awarded · 487 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLochristi2.261.633.984
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 6,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.