Magaly
ActiveSummary
Magaly has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,033 and a net result of -€28,265. Equity is shrinking by ~9.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+7
Solvency55=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 15.87 against 7.33 in 2024; short-term debt: 2.8% and cash: 44.1% of total assets), but 69.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 -€28,265
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 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
105 d late
2022
4 d early
2021
3 d early
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€203,033▼ 12.2%
2024 · €231,298
Total assets
€675,197▼ 11.3%
2024 · €760,994
Net result
-€28,265▲ 45.0%
2024 · -€51,430
Working capital
€278,899▼ 12.7%
2024 · €319,409
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€24,731▲ 7.4%-€24,453▲ 1.1%-€30,257▼ 23.7%-€23,270▲ 23.1%-€2,633▲ 88.7%
Net result-€27,642▲ 9.4%-€26,527▲ 4.0%-€32,608▼ 22.9%-€51,430▼ 57.7%-€28,265▲ 45.0%
Equity€341,863▼ 7.5%€315,335▼ 7.8%€282,727▼ 10.3%€231,298▼ 18.2%€203,033▼ 12.2%
Total assets€530,871▼ 13.4%€459,342▼ 13.5%€434,291▼ 5.5%€760,994▲ 75.2%€675,197▼ 11.3%
Debt€189,008▼ 22.4%€144,006▼ 23.8%€151,564▲ 5.2%€529,697▲ 249%€472,164▼ 10.9%
Working capital€48,031▼ 53.6%-€7,114-€69,252▼ 873%€319,409€278,899▼ 12.7%
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 €2,633 in 2025 against €23,270 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €675,197
Fixed assets
€377,541 ▼ 3.5%
Current assets
€297,656 ▼ 19.5%
Equity and liabilities €675,197
Equity
€203,033 ▼ 12.2%
Debt
€472,164 ▼ 10.9%
Debt's share of the balance-sheet total rises from 69.6% to 69.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,918▲
2024 · -€9,719
Cash flow
-€14,714▲
2024 · -€37,878
Current ratio
15.87▲
2024 · 7.33
Debt to equity
2.33▲
2024 · 2.29
ROE
-13.9%▲
2024 · -22.2%
ROA
-4.2%▲
2024 · -6.8%
Interest coverage
0.43▲
2024 · -0.34
Debt ≤ 1 year
€18,757▼
2024 · €50,493
Debt > 1 year
€453,407▼
2024 · €479,204
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,551 | €13,551 | €13,551 | €13,551 | €13,551 | = |
| Other operating charges640/8 | €1,580 | €2,563 | €2,764 | €3,162 | €2,543 | ▼ 19.6% |
| Gross operating margin9900 | -€9,600 | -€8,338 | -€13,942 | -€6,556 | €13,462 | ▲ 305% |
| Operating profit (loss)9901 | -€24,731 | -€24,453 | -€30,257 | -€23,270 | -€2,633 | ▲ 88.7% |
| Financial income75/76B | €903 | €975 | €940 | €466 | €2 | ▼ 99.6% |
| Recurring financial income75 | €903 | €975 | €940 | €466 | €2 | ▼ 99.6% |
| Financial charges65/66B | €3,814 | €3,050 | €3,291 | €28,626 | €25,633 | ▼ 10.5% |
| Recurring financial charges65 | €3,814 | €3,050 | €3,291 | €28,626 | €25,633 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | -€27,642 | -€26,527 | -€32,608 | -€51,430 | -€28,264 | ▲ 45.0% |
| Income taxes67/77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | -€27,642 | -€26,527 | -€32,608 | -€51,430 | -€28,265 | ▲ 45.0% |
| Profit (loss) for the period to be appropriated9905 | -€27,642 | -€26,527 | -€32,608 | -€51,430 | -€28,265 | ▲ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €530,871 | €459,342 | €434,291 | €760,994 | €675,197 | ▼ 11.3% |
| Fixed assets21/28 | €433,756 | €420,205 | €406,654 | €391,092 | €377,541 | ▼ 3.5% |
| Tangible fixed assets22/27 | €430,403 | €416,851 | €403,300 | €389,749 | €376,198 | ▼ 3.5% |
| Land and buildings22 | €430,403 | €416,851 | €403,300 | €389,749 | €376,198 | ▼ 3.5% |
| Financial fixed assets28 | €3,353 | €3,353 | €3,353 | €1,343 | €1,343 | = |
| Current assets29/58 | €97,115 | €39,137 | €27,637 | €369,902 | €297,656 | ▼ 19.5% |
| Amounts receivable within one year40/41 | €20,730 | €21,951 | €6,194 | €10,386 | - | - |
| Other amounts receivable41 | €20,730 | €21,951 | €6,194 | €10,386 | - | - |
| Cash at bank and in hand54/58 | €76,345 | €17,144 | €21,397 | €359,516 | €297,656 | ▼ 17.2% |
| Deferred charges and accrued income490/1 | €39 | €43 | €47 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €530,871 | €459,342 | €434,291 | €760,994 | €675,197 | ▼ 11.3% |
| Equity10/15 | €341,863 | €315,335 | €282,727 | €231,298 | €203,033 | ▼ 12.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €323,263 | €296,735 | €264,127 | €212,698 | €184,433 | ▼ 13.3% |
| Distributable reserves133 | €323,263 | €296,735 | €264,127 | €212,698 | €184,433 | ▼ 13.3% |
| Amounts payable17/49 | €189,008 | €144,006 | €151,564 | €529,697 | €472,164 | ▼ 10.9% |
| Amounts payable after more than one year17 | €139,649 | €97,541 | €54,674 | €479,204 | €453,407 | ▼ 5.4% |
| Financial debts170/4 | €139,649 | €97,541 | €54,674 | €11,033 | - | - |
| Other amounts payable178/9 | - | - | - | €468,171 | €453,407 | ▼ 3.2% |
| Amounts payable within one year42/48 | €49,084 | €46,251 | €96,890 | €50,493 | €18,757 | ▼ 62.9% |
| Current portion of amounts payable after more than one year42 | €44,775 | €45,583 | €46,405 | €47,243 | €14,699 | ▼ 68.9% |
| Trade debts44 | €4,310 | €669 | €7,203 | €3,250 | €3,309 | ▲ 1.8% |
| Suppliers440/4 | €4,310 | €669 | €7,203 | €3,250 | €3,309 | ▲ 1.8% |
| Other amounts payable47/48 | - | - | €43,282 | - | €749 | - |
| Accrued charges and deferred income492/3 | €275 | €213 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,642 | -€26,527 | -€32,608 | -€51,430 | -€28,265 | ▲ 45.0% |
| + Depreciation and write-downs630 | €13,551 | €13,551 | €13,551 | €13,551 | €13,551 | = |
| Operating cash flow (approximation) | -€14,091 | -€12,976 | -€19,057 | -€37,878 | -€14,714 | ▲ 61.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2,010 | €0 | ▼ 100% |
| Change in cash | - | -€59,202 | €4,253 | €338,120 | -€61,860 | ▼ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 15.87
Current ratio from 7.33 to 15.87; short-term debt falls from €50,493 to €18,757.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€51,430
Net result drops to -€51,430, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 26current ratio 7.33
Current ratio from 0.29 to 7.33; short-term debt falls from €96,890 to €50,493.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 105 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
31-12
Financial
Highest result since 2018net €187,811 ▲1.5%
Net result €187,811, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.02
Current ratio from 1.03 to 3.02; short-term debt falls from €84,821 to €79,678.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Truiden · 1 establishment unit since 2016
Ground area
2,289 m²
Building footprint
154 m²
Volume, LiDAR
1,120 m³
Parcel 71352D0816/00X000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Magaly
since 20162.249.896.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0816/00X000 | Flanders | 2,289 m² | 1 · 154 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645975359
Also
9925:BE0645975359
Registered
22-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.