MAGBAZA
ActiveMAGBAZA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €15k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+12
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 6.35 against 11.48 in 2023; short-term debt: 15.6% and cash: 97.3% of total assets), and 15.6% 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 10
Relative position
BE, all sectors
reference
Sector 10
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
29 d early
2022
42 d early
2021
13 d early
2020
3 d early
2018
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€50k▲ 40.9%
2023 · €36k
2018: €36k
2020: €41k
2021: €30k
2022: €28k
2023: €36k
2018 → 2024
Total assets
€59k▲ 52.6%
2023 · €39k
2018: €46k
2020: €44k
2021: €38k
2022: €31k
2023: €39k
2018 → 2024
Net result
€15k▲ 87.5%
2023 · €8k
2018: €2k
2020: €5k
2021: €-10k
2022: €-2k
2023: €8k
2018 → 2024
Working capital
€49k▲ 41.6%
2023 · €35k
2018: €37k
2020: €40k
2021: €30k
2022: €27k
2023: €35k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€30k▼ 25.7%€28k▼ 7.7%€36k▲ 27.9%€50k▲ 40.9%
Operating result€5k-€-12k€-2k▲ 83.0%€8k€19k▲ 139%
Net result€5k-€-10k€-2k▲ 77.9%€8k€15k▲ 87.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 139% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€600=
Current assets
€59k▲ 53.4%
Equity and liabilities €59k
Equity
€50k▲ 40.9%
Debt
€9k▲ 177%
The debt ratio rises from 8.6% to 15.6%. Equity and debt are higher.
Key figures and ratios
Solvency
84.4%▼
2023 · 91.4%
Current ratio
6.35▼
2023 · 11.48
Quick ratio
6.24▼
2023 · 11.22
Debt / equity
0.18▲
2023 · 0.09
ROE
29.0%▲
2023 · 21.8%
ROA
24.5%▲
2023 · 19.9%
Debt
€9k▲
2023 · €3k
Debt ≤ 1 year
€9k▲
2023 · €3k
Income taxes
€4k▲
2023 · €69
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€39k€59k▲
Fixed assets21/28€600€600=
Financial fixed assets28€600€600=
Current assets29/58€38k€59k▲
Stocks and contracts in progress3€866€1k▲
Stocks30/36€866€1k▲
Amounts receivable within one year40/41€15k-
Other amounts receivable41€15k-
Cash at bank and in hand54/58€22k€58k▲
Equity and liabilities
Total equity and liabilities10/49€39k€59k▲
Equity10/15€36k€50k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€445€445=
Profit (loss) carried forward14€15k€29k▲
Amounts payable17/49€3k€9k▲
Amounts payable within one year42/48€3k€9k▲
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48-€5k
Income statement
Code20232024
Other operating charges640/8€587€1k▲
Gross operating margin9900€8k€20k▲
Operating profit (loss)9901€8k€19k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€16€654▲
Recurring financial charges65€16€654▲
Profit (loss) for the period before taxes9903€8k€18k▲
Income taxes67/77€69€4k▲
Profit (loss) for the period9904€8k€15k▲
Profit (loss) for the period to be appropriated9905€8k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€29k▲
Profit (loss) brought forward from the previous period14P€7k€15k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €15k ▲87.5%
Operating result €19k, net result €15k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-10k ▼292%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
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, Sint-Niklaas · 1 establishment unit since 2011
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.
Klein-Hulststraat 499100 Sint-NiklaasGround area
137 m²
Building footprint
137 m²
Volume, LiDAR
726 m³
Parcel 46443E2393/00F000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Magbaza
since 20112.199.870.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E2393/00F000 | Flanders | 137 m² | 1 · 137 m² | 11.2 m · 2 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 siteSint-Niklaas2.199.870.126
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Of 4,229 companies in sector 10712 we hold annual accounts for 1,870. 1,532 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-06-2008
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.