Financials
- Financial year
- 2025
- Total assets
- €11,979
- Profit
- €11,597
- Solvency
- -1054.1%
Total assets▼ 31.4%
Net result
20182025
MAGAS CHARLEROI
Judicial reorganisationSummary
The file of MAGAS CHARLEROI contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of MAGAS CHARLEROI as special situation, with no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€126,274) and a net result of €11,597. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 5% of 16,883 sector peers (NACE 56, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 9 March 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260007
- Moratorium until
- 7 November 2026
- Creditors' vote
- 2 November 2026
- Delegated judge
- Anne Prignon
- Official Gazette
- 13-03-2026 (pdf) ↗search the document for 2026/110345
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 7 November 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Retail sale of fruit and vegetables NACE 47210
2 sites
Size
≈ €210,000turnover 2025, estimated
- Staff
- 1 FTE
- Equity
- -€126,274
- Profit
- €11,597
Turnover estimated from the gross margin
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
2025 accounts filed 17 days late5 deeds in the Belgian Official Gazette
Signalsraises riskWeak solvency vs sectorIn judicial reorganisation2025 accounts filed 17 days lateShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -1054.1% of total assets
Liquidity
11-28
short-term debt 499.1% · cash 8.6%
Profitability
67+67
return on assets 96.8%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity insufficient (current ratio 0.16, compared with 0.3 in 2024, below 1; short-term debt: 499.1% and cash: 8.6% of total assets), and equity is negative.
Signals
Three signals.
raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 16883 sector peers (2025).
NBB · sector comparisonPosition among 16883 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
17 days late
2024
162 days late
2023
19 days late
2022
1 day late
2021
47 days late
2020
5 days early
2019
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- ExtensionEnterprise Court of Hainaut ·…
- OpeningEnterprise Court of Hainaut ·…
Key points
By topic
Timeline
- Events
- 24
- Since
- 2005
- Next accounts
- by 31-07-2027
- 09-01-2026Annual accounts filed
- 31-12-2025Back to profit
- 19-08-2024Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company (pre-2019)
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 10-05-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about MAGAS CHARLEROI
- What is the company number of MAGAS CHARLEROI?
- 0865.202.980. In Belgium the VAT number is the company number with BE in front: BE 0865.202.980.
- Where is MAGAS CHARLEROI based?
- The registered office is at Rue Rogier 32, 6040 Charleroi.Company details
- What does MAGAS CHARLEROI do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MAGAS CHARLEROI?
- Private limited company (pre-2019) (BVBA).
- When was MAGAS CHARLEROI founded?
- On 10-05-2004.
- Is MAGAS CHARLEROI still active?
- Yes, MAGAS CHARLEROI is in the KBO register. A judicial reorganisation is running.
- How many employees does MAGAS CHARLEROI have?
- On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MAGAS CHARLEROI?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is MAGAS CHARLEROI profitable?
- In financial year 2025, MAGAS CHARLEROI made a profit of €11,597.
- Where can I find the annual accounts of MAGAS CHARLEROI?
- MAGAS CHARLEROI filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAGAS CHARLEROI due?
- By 31-07-2027, for financial year 2026.Timeline
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Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Are there other customers at risk in your own list?Process a list How is the limited-service restaurants, excluding mobile food services sector doing?Sector figures
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