M.A.G.
ActiveSummary
M.A.G. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.99M and a net result of €-74k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-8
Solvency57▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.45 in 2024; short-term debt: 67.6% and cash: 0.1% of total assets), and 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
32.4%
Return on assets
-0.8%
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 09-09-2026, 40 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
40 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
4 d late
2019
14 d early
← 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
€2.99M▼ 2.4%
2024 · €3.07M
2018: €1.78M
2019: €1.81M
2020: €2.02M
2021: €2.21M
2022: €2.35M
2023: €2.54M
2024: €3.07M
2018 → 2025
Total assets
€9.23M▼ 0.7%
2024 · €9.30M
2018: €5.74M
2019: €5.80M
2020: €6.17M
2021: €6.55M
2022: €6.79M
2023: €8.64M
2024: €9.30M
2018 → 2025
Net result
€-74k
2024 · €530k
2018: €-13k
2019: €28k
2020: €216k
2021: €189k
2022: €139k
2023: €186k
2024: €530k
2018 → 2025
Working capital
€2.79M▼ 1.1%
2024 · €2.82M
2018: €1.67M
2019: €1.71M
2020: €1.92M
2021: €2.12M
2022: €2.28M
2023: €2.29M
2024: €2.82M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.21M-€2.35M▲ 6.3%€2.54M▲ 7.9%€3.07M▲ 20.9%€2.99M▼ 2.4%
Operating result€240k-€150k▼ 37.5%€-8k€-104k▼ 1,166%€-135k▼ 29.7%
Net result€189k-€139k▼ 26.4%€186k▲ 33.9%€530k▲ 185%€-74k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €135k in 2025 against €104k 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 €9.23M
Fixed assets
€201k ▼ 17.4%
Current assets
€9.03M ▼ 0.2%
Equity and liabilities €9.23M
Equity
€2.99M ▼ 2.4%
Debt
€6.24M ▲ 0.2%
Debt's share of the balance-sheet total rises from 67.0% to 67.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-72k▼
2024 · €-46k
Cash flow
€-11k▼
2024 · €588k
Current ratio
1.45▼
2024 · 1.45
Quick ratio
1.28▼
2024 · 1.28
Debt to equity
2.08▲
2024 · 2.03
ROE
-2.5%▼
2024 · 17.3%
ROA
-0.8%▼
2024 · 5.7%
Interest coverage
-0.38▼
2024 · -0.24
Debt ≤ 1 year
€6.24M▲
2024 · €6.23M
Staff costs
€1.27M▼
2024 · €1.35M
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.30M€9.23M▼
Fixed assets21/28€243k€201k▼
Tangible fixed assets22/27€243k€201k▼
Land and buildings22€5k€3k▼
Plant, machinery and equipment23€76k€72k▼
Furniture and vehicles24€37k€31k▼
Other tangible fixed assets26€116k€92k▼
Assets under construction and advance payments27€9k€2k▼
Current assets29/58€9.05M€9.03M▼
Stocks and contracts in progress3€1.07M€1.05M▼
Stocks30/36€1.07M€1.05M▼
Amounts receivable within one year40/41€7.96M€7.98M▲
Trade receivables40€1.55M€1.43M▼
Other amounts receivable41€6.41M€6.55M▲
Cash at bank and in hand54/58€21k€5k▼
Deferred charges and accrued income490/1€104-
Equity and liabilities
Total equity and liabilities10/49€9.30M€9.23M▼
Equity10/15€3.07M€2.99M▼
Contributions10/11€1.03M€1.03M=
Reserves13€103k€103k=
Distributable reserves133€103k€103k=
Profit (loss) carried forward14€1.93M€1.86M▼
Amounts payable17/49€6.23M€6.24M▲
Amounts payable within one year42/48€6.23M€6.24M▲
Trade debts44€996k€885k▼
Suppliers440/4€996k€885k▼
Advances received on contracts in progress46€750€1k▲
Taxes, remuneration and social security45€68k€110k▲
Taxes450/3€3k€11k▲
Remuneration and social security454/9€66k€99k▲
Other amounts payable47/48€5.16M€5.24M▲
Income statement
Code20242025
Non-recurring operating income76A€10k€2k▼
Remuneration, social security and pensions62€1.35M€1.27M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€63k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€20
Provisions for liabilities and charges: additions (uses and reversals)635/8€-680-
Other operating charges640/8€73k€70k▼
Gross operating margin9900€1.38M€1.26M▼
Operating profit (loss)9901€-104k€-135k▼
Financial income75/76B€1.07M€250k▼
Recurring financial income75€1.07M€250k▼
Financial charges65/66B€194k€189k▼
Recurring financial charges65€194k€189k▼
Non-recurring financial charges66B-€120
Profit (loss) for the period before taxes9903€771k€-74k▼
Income taxes67/77€241k-
Profit (loss) for the period9904€530k€-74k▼
Profit (loss) for the period to be appropriated9905€530k€-74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.93M€1.86M▼
Profit (loss) brought forward from the previous period14P€1.40M€1.93M▲
Social balance
Average headcount (FTE)908729.930.0▲
The notes to these accounts (12 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 40 days late
2025
31-12
Financial
Weakest financial yearnet €-74k ▼114%
Net result drops to €-74k, 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 €530k ▲185%
Net result €530k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
31-12
Financial
Equity above €2MEq €2.02M ▲12%
2 profitable years in a row build equity to €2.02M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Antwerpen · 4 establishment units since 1996
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.
Noorderlaan 1332030 AntwerpenGround area
3.1 ha
Building footprint
1.0 ha
Volume, LiDAR
99,968 m³
4 parcels, Flanders · tallest building 41.7 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
Maïsstraat 62, 9000 Gent
since 19962.039.918.017
Bergensesteenweg 432, 1600 Sint-Pieters-Leeuw
since 20082.168.711.746
Guido Gezellelaan 20, 2800 Mechelen
since 20082.168.712.736
Noorderlaan 133, 2030 Antwerpen
since 20212.313.524.234
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1697/00H000 | Flanders | 1.1 ha | 1 · 2,719 m² | 41.7 m · 2 fl. |
| 23582E0447/00T000 | Flanders | 8,342 m² | 1 · 2,850 m² | 7.2 m · 2 fl. |
| 44810K0105/00F000 | Flanders | 7,356 m² | 1 · 3,157 m² | 13.9 m · 2 fl. |
| 12402B0507/00Y009 | Flanders | 4,154 m² | 1 · 1,569 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.039.918.017
Sint-Pieters-Leeuw2.168.711.746
Similar companies · same sector, comparable size
BUTERA
BE 0440.076.033
Engis · Eq €2.99M
DE DONDER DEUREN
BE 0452.509.552
Opwijk · Eq €2.98M
M. et G. FILSFILS
BE 0436.248.392
Ciney · Eq €2.96M
AERTS
BE 0450.882.724
Lommel · Eq €2.95M
GROEP ANTWERPSE BOUWMARKTEN
BE 0437.934.808
Sint-Katelijne-Waver · Eq €3.04M
Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 710 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.