MAGAS
ActiveThe computed 12-month bankruptcy probability of MAGAS is 1.9% (moderate). The 2025 annual accounts show equity of €161k and a net result of €52k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 7293 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
89
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency68▲+12
Growth52=
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.33 in 2024), and 63.5% 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.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Sector 41
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
36.5%
Return on assets
11.7%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 3 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
134 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€161k▲ 47.5%
2024 · €109k
2023: €62k
2024: €109k
2023 → 2025
Total assets
€441k▲ 26.4%
2024 · €349k
2023: €416k
2024: €349k
2023 → 2025
Net result
€52k▲ 9.6%
2024 · €47k
2023: €60k
2024: €47k
2023 → 2025
Working capital
€139k▲ 78.0%
2024 · €78k
2023: €12k
2024: €78k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€62k-€109k▲ 76.5%€161k▲ 47.5%
Operating result€72k-€59k▼ 17.6%€69k▲ 16.1%
Net result€60k-€47k▼ 21.6%€52k▲ 9.6%
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 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€22k▼ 30.0%
Current assets
€419k▲ 31.9%
Equity and liabilities €441k
Equity
€161k▲ 47.5%
Debt
€280k▲ 16.8%
The debt ratio falls from 68.7% to 63.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€86k▲
2024 · €75k
Cash flow
€69k▲
2024 · €63k
Solvency
36.5%▲
2024 · 31.3%
Current ratio
1.50▲
2024 · 1.33
Quick ratio
1.50▲
2024 · 1.33
Debt / equity
1.74▼
2024 · 2.20
ROE
32.2%▼
2024 · 43.3%
ROA
11.7%▼
2024 · 13.5%
Interest coverage
21.78▼
2024 · 610.03
Debt
€280k▲
2024 · €240k
Debt ≤ 1 year
€280k▲
2024 · €240k
Income taxes
€13k▲
2024 · €12k
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€349k€441k▲
Formation expenses20€0€0=
Fixed assets21/28€31k€22k▼
Tangible fixed assets22/27€31k€21k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€29k€19k▼
Financial fixed assets28-€270
Current assets29/58€318k€419k▲
Amounts receivable after more than one year29€260k€260k=
Other amounts receivable291€260k€260k=
Amounts receivable within one year40/41€57k€103k▲
Trade receivables40€32k€64k▲
Other amounts receivable41€25k€39k▲
Cash at bank and in hand54/58€987€56k▲
Equity and liabilities
Total equity and liabilities10/49€349k€441k▲
Equity10/15€109k€161k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€108k€159k▲
Amounts payable17/49€240k€280k▲
Amounts payable within one year42/48€240k€280k▲
Trade debts44€212k€267k▲
Suppliers440/4€212k€267k▲
Taxes, remuneration and social security45€27k€13k▼
Taxes450/3€27k€13k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€1k€6k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€79k€92k▲
Operating profit (loss)9901€59k€69k▲
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€123€4k▲
Recurring financial charges65€123€4k▲
Profit (loss) for the period before taxes9903€59k€65k▲
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€47k€52k▲
Profit (loss) for the period to be appropriated9905€47k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€159k▲
Profit (loss) brought forward from the previous period14P€60k€108k▲
The notes to these accounts (7 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Equity above €150kEq €161k ▲47.5%
3 profitable years in a row build equity to €161k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €47k ▼21.6%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €100kEq €109k ▲76.5%
2 profitable years in a row build equity to €109k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Cherbizh Marina Mukhmetovna
CurrentDirector · since 13-03-2023
Tcherbigev Issa
CurrentDirector · since 15-02-2023
13-03-2023
Cherbizh Marina Mukhmetovna: Appointed as Director
15-02-2023
Tcherbigev Issa: Appointed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
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.
Voskenslaan 1359000 GentGround area
292 m²
Building footprint
132 m²
Volume, LiDAR
1,029 m³
Parcel 44809I0597/00M002, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAGAS
since 20212.321.281.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0597/00M002 | Flanders | 291 m² | 1 · 132 m² | 10.6 m · 3 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.
Similar companies · same sector, comparable size
GROUP EXCELSIOR
BE 0465.759.752
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LG UNIVERSAL
BE 0723.497.462
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IMMO VIE NOUVELLE
BE 0898.553.263
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Durie en Vandendriessche Bouwteam
BE 0466.363.231
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Tijs Arnouts
BE 0716.653.321
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 12,404 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2021
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.