Magatech
ActiveSummary
The computed 12-month bankruptcy probability of Magatech is 9.8% (elevated). The 2024 annual accounts show equity of €46,682 and a net result of €842. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 59% of 35,973 sector peers (NACE 43, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €46,682
- Profit
- €842
Why 32raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 27-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 58 days late; 2 of the last 3 lateSize: total assets €85,293Show the evidence
Checked score
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 60% on solvency, 21% on liquidity, 27% on profitability and 40% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 46 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Registered officeShareholding · Registered-office move ·…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €842 ▼97.6%
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 31 October 2026.
2022 to 2024, 3 financial years
The operating result falls in 2024; 2024 is 96% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,047 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.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €922 | €1,291 | ▲ 40.0% |
| Other operating charges640/8 | €68 | €7 | €81 | ▲ 12× |
| Gross operating margin9900 | €14,516 | €48,552 | €3,280 | ▼ 93.2% |
| Operating profit (loss)9901 | €14,448 | €47,623 | €1,908 | ▼ 96.0% |
| Financial income75/76B | - | - | €3 | - |
| Recurring financial income75 | - | - | €3 | - |
| Financial charges65/66B | €122 | €713 | €704 | ▼ 1.2% |
| Recurring financial charges65 | €122 | €713 | €704 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €14,326 | €46,910 | €1,207 | ▼ 97.4% |
| Income taxes67/77 | €3,624 | €11,772 | €365 | ▼ 96.9% |
| Profit (loss) for the period9904 | €10,702 | €35,138 | €842 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €10,702 | €35,138 | €842 | ▼ 97.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,884 | €62,898 | €85,293 | ▲ 35.6% |
| Fixed assets21/28 | - | €2,950 | €1,659 | ▼ 43.8% |
| Tangible fixed assets22/27 | - | €2,950 | €1,659 | ▼ 43.8% |
| Furniture and vehicles24 | - | €2,950 | €1,659 | ▼ 43.8% |
| Current assets29/58 | €16,884 | €59,948 | €83,633 | ▲ 39.5% |
| Amounts receivable after more than one year29 | - | - | €66,016 | - |
| Other amounts receivable291 | - | - | €66,016 | - |
| Amounts receivable within one year40/41 | €15,596 | €59,823 | €14,534 | ▼ 75.7% |
| Trade receivables40 | €10,010 | €17,249 | €14,534 | ▼ 15.7% |
| Other amounts receivable41 | €5,586 | €42,574 | - | - |
| Cash at bank and in hand54/58 | €1,288 | €125 | €3,083 | ▲ 25× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,884 | €62,898 | €85,293 | ▲ 35.6% |
| Equity10/15 | €10,702 | €45,840 | €46,682 | ▲ 1.8% |
| Profit (loss) carried forward14 | €10,702 | €45,840 | €46,682 | ▲ 1.8% |
| Amounts payable17/49 | €6,182 | €17,058 | €38,611 | ▲ 126% |
| Amounts payable within one year42/48 | €6,182 | €17,058 | €38,611 | ▲ 126% |
| Trade debts44 | €2,558 | €5,286 | €14,569 | ▲ 176% |
| Suppliers440/4 | €2,558 | €5,286 | €14,569 | ▲ 176% |
| Taxes, remuneration and social security45 | €3,624 | €11,772 | €24,042 | ▲ 104% |
| Taxes450/3 | €3,624 | €11,772 | €24,042 | ▲ 104% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,702 | €35,138 | €842 | ▼ 97.6% |
| + Depreciation and write-downs630 | - | €922 | €1,291 | ▲ 40.0% |
| Operating cash flow (approximation) | €10,702 | €36,060 | €2,132 | ▼ 94.1% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | -€1,163 | €2,959 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 27-09-2025 | 2025-00506913 |
| 31-12-2023 | micro format | 17-10-2024 | 2024-00508538 |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00083168 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- TODERITA Constantin all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-10-2026 Capital stated in the deed · 100 shares
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
22-10
Gazette deed
Registered officeShareholding · Registered-office move · Purpose change10 facts ▸
- General meeting, 12-10-2006
- Shareholding, 100, “registre des actions nominatives” (deed in Dutch)
- Other provision, “président, présidence de séance” (deed in Dutch)
- Other provision, “convocations, actionnaire unique détenteur de toutes les parts présent ou représenté; administrateur présent” (deed in Dutch)
- Other provision, “validité de l'assemblée générale” (deed in Dutch)
- Registered-office move
- Purpose change (2 times)
- Amendment of the articles
- Capital
- Power of attorney (2 times)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0774.644.968
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 |
| 21806F0128/00T004 | Brussels | 100 m² | 1 · 97 m² | 17.4 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De bouw in de ruimste zin van het woord, met inbegrip van de montage van metalen structuren en metaalschrijnwerk; Het mechanisch onderhoud…” (deed in Dutch)
15 activities (deed in Dutch)
- De bouw in de ruimste zin van het woord, met inbegrip van de montage van metalen structuren en metaalschrijnwerk;
- Het mechanisch onderhoud van voertuigen en machines;
- De uitbating van een winkel in bouwmaterialen en elektriciteitsbenodigdheden;
- De studie en de uitvoering van alle elektriciteitswerken;
- De studie en de uitvoering van alle bouwconstructies, zowel openbaar als privé, in de hoedanigheid van hoofdaannemer of in onderaanneming, het ontwerp en de bouw van alle gebouwen en bouwwerken, alsmede de studie en de uitvoering van zowel binnen- als buitendecoratie;
- Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud, de renovatie, herstellings-, verfraaiings-, vernieuwings- en moderniseringswerken, en de instandhouding van alle soorten kunstwerken en onroerende goederen, en meer in het algemeen alle verrichtingen die rechtstreeks ou onrechtstreeks verband houden met de sectoren van openbare en private werken en de bouwsector;
- De aankoop van alle gronden, de bouw van alle openbare en private gebouwen, de aan- en verkoop, de verhuur, de verdeling en de verkaveling van alle onroerende goederen.
- Het uitvoeren, verrichten, uitbaten, terbeschikkingstelling voor free-lance en adviesverlening van schoonheidsinstituten, wellness-centra, sauna’s, zonnebankcentra, manicure, esthetisch centrum, nagelstudio, pedicure, (cosmetische) massages, schoonheidsverzorging, gezichtsverzorging inclusief het aanbrengen (permanente) make-up, huidverzorging, epilaties, kapsalon, voetreflexologie, visagiste, laserbehandelingen, gezondheidsconsulente, accupunctuur, kleur en stijlconsulente, slaapconsulente, fitness evenals alle overige activiteiten rond schoonheid, verzorging en welzijn;
- Groot- en kleinhandel in schoonheidsproducten, cosmetica, toiletartikelen, reukwerk, reinigingsmiddelen, kleding en accessoires, (imitatie)sieraden, lederwaren, gadgets en diverse accessoires in de meest ruime zin;
- Het optreden als tussenpersoon in de handel;
- Het organiseren van cursussen, opleidingen, lezingen, seminaries, congressen, symposia, workshops, vergaderingen en studiedagen, en evenementen in de breedste zin van het woord, met betrekking tot de doelstellingen van de vennootschap; publiciteit, reclame, marketing en algemene communicatie onder alle vormen evenals alle werken die voor de verwezenlijking hiervan noodzakelijk zijn, zonder enige beperking;
- Detailhandel in allerlei producten via het internet (e-commerce)
- Organiseren van evenementen;
- Handel, verhuur, terbeschikkingstelling en exploitatie van eigen of geleased onroerend goed;
- Terbeschikkingstelling van ruimten tot free-lance uitbaten schoonheidssalon en/of aanverwante activiteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Magatech
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “De zetel is gevestigd in het Vlaams Gewest” (deed in Dutch)“Vlaams Gewest, 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder.”
- Board ruleHow the board is made up, meets and takes decisions.
- “Zonder beperking van duur, 1” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Bestaande aandeelhouders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Artikel 14. De aandeelhouders komen in algemene vergadering bijeen om te beraadslagen over alle aangelegenheden die de vennootschap…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering” (deed in Dutch)