Financials
- Fiscal year
- 2024
- Total assets
- €3.3m
- Profit
- €273,992
- Solvency
- 12.9%
Total assets▲ 74.8%
Net result
20232024
MAGBRAINE
ActiveSummary
The computed 12-month bankruptcy probability of MAGBRAINE is 3.7% (moderate). The 2024 annual accounts show equity of €427,460 and a net result of €273,992. Its solvency ranks better than 25% of 6550 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110Supermarkets NACE 47114
1 site
Size
€3.3mtotal assets 2024
- Staff
- 16.3 FTE
- Equity
- €427,460
- Profit
- €273,992
Structure
Accounts 66 d overdue0 of 2 deeds read
Why 50- Figures for FY 2024 (filed 03-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late- Founded in 2023- Equity €427,460 (12.9% of total assets)Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 51% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
38=
equity 12.9% of total assets
Liquidity
13-38
short-term debt 85.9% · cash 8.5%
Profitability
79+28
return on assets 8.3%
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.6%
12-2024: 2.6%● 0.0% vs 11-2024
01-2025: 2.6%▲ +1.9% vs 12-2024
02-2025: 2.6%● 0.0% vs 01-2025
03-2025: 2.6%● 0.0% vs 02-2025
04-2025: 3.0%▲ +14.3% vs 03-2025
05-2025: 3.4%▲ +12.1% vs 04-2025
06-2025: 3.3%▼ -1.7% vs 05-2025
07-2025: 3.4%▲ +2.7% vs 06-2025
08-2025: 4.2%▲ +22.8% vs 07-2025
09-2025: 4.4%▲ +5.0% vs 08-2025
10-2025: 6.8%▲ +53.8% vs 09-2025highest value
11-2025: 2.4%▼ -65.1% vs 10-2025
12-2025: 2.4%● 0.0% vs 11-2025
01-2026: 2.4%▼ -0.5% vs 12-2025
02-2026: 1.6%▼ -33.0% vs 01-2026lowest value
03-2026: 1.8%▲ +11.9% vs 02-2026
04-2026: 1.8%▲ +2.1% vs 03-2026
05-2026: 1.8%▼ -0.4% vs 04-2026
06-2026: 1.9%▲ +5.9% vs 05-2026
07-2026: 2.1%▲ +10.3% vs 06-2026
08-2026: 2.7%▲ +29.4% vs 07-2026
09-2026: 2.9%▲ +5.5% vs 08-2026
10-2026: 3.7%▲ +29.7% vs 09-2026
- Figures for FY 2024 (filed 03-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late raises the probability
- Founded in 2023 raises the probability for this profile
- Equity €427,460 (12.9% of total assets) raises the probability
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.83 in 2023; short-term debt: 85.9% and cash: 8.5% of total assets), and 87.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 26%, liquidity 11%, profitability 76%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 6550 sector peers (2024).
NBB · sector comparisonPosition among 6550 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
107 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 84 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Back to profitnet €273,992
- Annual accounts filedfiscal year 2023 · full…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2024
- 30-09-2025Annual accounts filed
- 31-12-2024Back to profit
- 15-11-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 26-05-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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