MAG EVENT

Active

Private limited companyfounded 200719 yrs activeRue de Bomal 17, 1315 Incourt, BelgiumKBO/BCE: BE 0891.169.385

MAG EVENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 201 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

63 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+37

Solvency38▲+32

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 60

Relative position

BE, all sectors

reference

Sector 60

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

12.9%

Return on assets

29.6%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 201 sector peers (2024).

NBB · sector comparison

Position among 201 sector peers

Solvency

better than 25%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

61 d late

2022

60 d late

2021

26 d late

2020

30 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€3k

2023 · €-4k

2018: €3k 2019: €-7k 2020: €-11k 2021: €-3k 2022: €-3k 2023: €-4k

2018 → 2024

Total assets

€23k▲ 16.2%

2023 · €20k

2018: €25k 2019: €21k 2020: €18k 2021: €21k 2022: €18k 2023: €20k

2018 → 2024

Net result

€7k

2023 · €-869

2018: €-428 2019: €-10k 2020: €-4k 2021: €8k 2022: €-26 2023: €-869

2018 → 2024

Working capital

€-4k▲ 60.4%

2023 · €-11k

2018: €-7k 2019: €-15k 2020: €-20k 2021: €-14k 2022: €-11k 2023: €-11k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-11k-€-3k▲ 71.4%€-3k▼ 0.8%€-4k▼ 28.5%€3k

Operating result€-3k-€8k€1k▼ 85.8%€17▼ 98.6%€11k▲ 63,379%

Net result€-4k-€8k€-26€-869▼ 3,293%€7k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 63,379% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €23k

31.1%

68.9%

Fixed assets €7k▲ 6.3%

Current assets €16k▲ 21.3%

Equity and liabilities €23k

12.9%

87.1%

Equity €3k

Debt €20k

Debt finances 87.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€11k▲

2023 · €2k

Cash flow

€8k▲

2023 · €1k

Solvency

12.9%▲

2023 · -19.5%

Current ratio

0.79▲

2023 · 0.55

Quick ratio

0.79▲

2023 · 0.55

Debt / equity

6.77▲

2023 · -6.14

ROE

230.2%

ROA

29.6%▲

2023 · -4.3%

Interest coverage

82.03▲

2023 · 19.03

Debt

€20k▼

2023 · €24k

Debt ≤ 1 year

€20k▼

2023 · €24k

Income taxes

€4k▲

2023 · €787

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€20k€23k▲

Fixed assets21/28€7k€7k▲

Tangible fixed assets22/27€2k€2k▲

Furniture and vehicles24€2k€2k▲

Financial fixed assets28€5k€5k=

Current assets29/58€13k€16k▲

Amounts receivable within one year40/41€11k€12k▲

Trade receivables40€3k€3k▼

Other amounts receivable41€7k€9k▲

Cash at bank and in hand54/58€3k€5k▲

Equity and liabilities

Total equity and liabilities10/49€20k€23k▲

Equity10/15€-4k€3k▲

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Reserves13€141€141=

Non-distributable reserves130/1€141€141=

Legal reserve130€141€141=

Profit (loss) carried forward14€-23k€-16k▲

Amounts payable17/49€24k€20k▼

Amounts payable within one year42/48€24k€20k▼

Trade debts44€405€730▲

Suppliers440/4€405€730▲

Other amounts payable47/48€24k€20k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€743▼

Other operating charges640/8€856€988▲

Gross operating margin9900€3k€12k▲

Operating profit (loss)9901€17€11k▲

Financial charges65/66B€99€138▲

Recurring financial charges65€99€138▲

Profit (loss) for the period before taxes9903€-82€10k▲

Income taxes67/77€787€4k▲

Profit (loss) for the period9904€-869€7k▲

Profit (loss) for the period to be appropriated9905€-869€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-23k€-16k▲

Profit (loss) brought forward from the previous period14P€-22k€-23k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

31-12

Financial Back to profitnet €7k

Net result €7k after 2 loss-making years.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 26 days late

2021

31-12

Financial Back to profitnet €8k

Net result €8k after 3 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

12-02

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 196 days late

2019

31-12

Financial Weakest financial yearnet €-10k

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

2018

12-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 134 days late

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 59 days late

2016

23-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 145 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Incourt · 2 establishment units since 2007

establishment All 2 establishment units on the map

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.

Rue de Bomal 171315 Incourt

Ground area

4,343 m²

Building footprint

296 m²

Volume, LiDAR

1,065 m³

3 parcels, Flanders, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

MAG EVENT

Vijverstraat(SAR) 70, 3040 HuldenbergNACE 22150

since 20072.164.332.393

Mag Event

Drève des Lilas 35, 1310 La HulpeGeneral electrical installation work

since 20172.305.268.742

3 parcels

Flanders 1 (33.3%) Wallonia 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25035B0335/00L000	Wallonia	1,821 m²	1 · 64 m²	8.8 m · 3 fl.
24099C0059/00D000	Flanders	1,611 m²	1 · 101 m²	7.4 m · 2 fl.
25050A0058/00D003	Wallonia	911 m²	1 · 131 m²	-