MAGA
ActiveSummary
MAGA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527k and a net result of €70k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 3674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-8
Solvency100▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.6 in 2024; short-term debt: 25.2% and cash: 42.3% of total assets), and 25.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
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
74.8%
Return on assets
9.9%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
29 d early
2023
39 d early
2022
12 d early
2021
5 d early
2020
9 d late
2019
73 d late
← 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
€527k▲ 8.2%
2024 · €487k
2018: €149k
2019: €150k
2020: €111k
2021: €283k
2022: €353k
2023: €424k
2024: €487k
2018 → 2025
Total assets
€704k▲ 2.6%
2024 · €686k
2018: €350k
2019: €432k
2020: €246k
2021: €484k
2022: €540k
2023: €687k
2024: €686k
2018 → 2025
Net result
€70k▼ 37.6%
2024 · €112k
2018: €70k
2019: €1k
2020: €-39k
2021: €272k
2022: €129k
2023: €132k
2024: €112k
2018 → 2025
Working capital
€305k▼ 4.4%
2024 · €320k
2018: €68k
2019: €16k
2020: €-5k
2021: €218k
2022: €273k
2023: €279k
2024: €320k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€283k-€353k▲ 24.4%€424k▲ 20.4%€487k▲ 14.7%€527k▲ 8.2%
Operating result€278k-€165k▼ 40.6%€168k▲ 1.6%€139k▼ 16.9%€91k▼ 34.9%
Net result€272k-€129k▼ 52.6%€132k▲ 2.1%€112k▼ 14.9%€70k▼ 37.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€221k ▲ 32.5%
Current assets
€483k ▼ 7.0%
Equity and liabilities €704k
Equity
€527k ▲ 8.2%
Debt
€177k ▼ 11.0%
Debt's share of the balance-sheet total falls from 29.1% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€130k▼
2024 · €171k
Cash flow
€109k▼
2024 · €144k
Current ratio
2.72▲
2024 · 2.60
Quick ratio
2.68▲
2024 · 2.57
Debt to equity
0.34▼
2024 · 0.41
ROE
13.3%▼
2024 · 23.1%
ROA
9.9%▼
2024 · 16.4%
Interest coverage
15.78▼
2024 · 21.56
Debt ≤ 1 year
€177k▼
2024 · €199k
Income taxes
€14k▼
2024 · €26k
Staff costs
€661k▲
2024 · €578k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€686k€704k▲
Fixed assets21/28€167k€221k▲
Tangible fixed assets22/27€166k€220k▲
Plant, machinery and equipment23€64k€49k▼
Furniture and vehicles24€21k€45k▲
Other tangible fixed assets26€82k€126k▲
Financial fixed assets28€964€964=
Current assets29/58€519k€483k▼
Stocks and contracts in progress3€7k€7k▼
Stocks30/36€7k€7k▼
Amounts receivable within one year40/41€199k€175k▼
Trade receivables40€44k€29k▼
Other amounts receivable41€155k€145k▼
Cash at bank and in hand54/58€311k€298k▼
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€686k€704k▲
Equity10/15€487k€527k▲
Contributions10/11€19k€19k=
Reserves13€468k€508k▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€465k€505k▲
Amounts payable17/49€199k€177k▼
Amounts payable within one year42/48€199k€177k▼
Trade debts44€51k€18k▼
Suppliers440/4€51k€18k▼
Taxes, remuneration and social security45€98k€130k▲
Taxes450/3€49k€55k▲
Remuneration and social security454/9€50k€75k▲
Other amounts payable47/48€50k€30k▼
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€578k€661k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€39k▲
Other operating charges640/8€796€878▲
Gross operating margin9900€750k€792k▲
Operating profit (loss)9901€139k€91k▼
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€138k€84k▼
Income taxes67/77€26k€14k▼
Profit (loss) for the period9904€112k€70k▼
Profit (loss) for the period to be appropriated9905€112k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€70k▼
Transfer to equity691/2€62k€40k▼
To other reserves6921€62k€40k▼
Profit to be distributed694/7€50k€30k▼
Directors or managers695€50k€30k▼
Social balance
Average headcount (FTE)908726.012.5▼
The notes to these accounts (11 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €527k ▲8.2%
5 profitable years in a row build equity to €527k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €272k
Net result €272k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.09
Current ratio from 0.96 to 2.09.
31-12
Financial
Equity above €200kEq €283k ▲156%
Equity rises from €111k to €283k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-39k ▼2883%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 73 days late
Show earlier events
2019
31-12
Financial
Equity above €150kEq €150k ▲1%
2 profitable years in a row build equity to €150k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 · 1 establishment unit since 1987
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.
Meir 42000 AntwerpenGround area
168 m²
Building footprint
168 m²
Volume, LiDAR
2,244 m³
Parcel 11803C1652/00C000, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MONICO
since 19872.030.370.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1652/00C000 | Flanders | 168 m² | 1 · 168 m² | 16.5 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.030.370.049
Similar companies · same sector, comparable size
LE PARC
BE 0428.953.992
Durbuy · Eq €527,252
SOFRA
BE 0725.683.130
Beringen · Eq €527,269
CLIPAN
BE 0877.781.704
Kalmthout · Eq €525,891
BILLY
BE 0782.742.488
Antwerpen · Eq €525,767
D'OUDE SCHUUR
BE 0837.878.872
Sint-Martens-Latem · Eq €525,735
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 6,148 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
Founded22-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.