Equity
-€26,807
Debts exceed assets in financial year 2024.
MAGDA
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2000peak €47,328 (2015)
€30,557▲ €31,086
lowest -€25,155 (2022)
€3,341▲ €10,160
peak €25,340 (2020)
-€26,807▲ €3,341
€59,770▼ 3.0%
peak 5 FTE (2008)
-not published
Board2 names since 2016
1 director
Documentsfilings and deeds
26-09-202557 days late
2024abbreviated format
Gross margin from -€529 to €30,557Back to profit: €3,341Cash from €1,587 to €6,235
Key points
from the 2024 annual accountsTurnover
≈ €290,000 estimated
The accounts state no turnover.
Debts
€59,770 181% of the balance sheet
Suppliers 4%Taxes and wages 94%Other 1%
Staff
1 FTE from 6 in 2023
Between 2023 and 2024, 83% of the full-time equivalents disappeared.
Filings
24 annual accounts 106 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-81.3%
Lower solvency than 95% of companies in retail trade. Sector median 38.5% · 9,513 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as MAGDA has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,795 companies, not a prediction for MAGDA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466427171
Capital increase of €31,933.32 to €50,533.32
Capital from €18,600 to €50,533.32, 1,287 new shares · Contribution: · Appointment: (company auditor) · General meeting of 15-09-2016 · Gazette deed
First establishment
Keerbergstraat 38, Mechelen
Incorporation
published on 15-07-1999 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAGDA Mechelen | €32,963 | €30,557 | -81.3% | - |
| ZAIN Antwerp | €42,660 | €16,303 | 49.2% | - |
| LA COPA Temse | €23,912 | €18,849 | -246.0% | - |
| Lombardia Kontich | €31,920 | €63,132 | -573.9% | 2 |
| OLIVERDA Brussels | €36,552 | €11,712 | 73.4% | - |
| BENHUR EXPRESS Brussels | €22,896 | €46,017 | -240.1% | - |
| CULIPRESENT Bruges | €61,844 | €36,361 | -46.6% | - |
These companies have the same main activity as MAGDA: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €22,900 and €61,800, founded between 1983 and 2008.
Official details
Source: KBO- Status
- Active since 02-07-1999Normal situation
- Activity
- Other retail sale of foodNACE 47279
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.135.642.6642800 Mechelen, since 03-04-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2026
Insights on MAGDA
MAGDA files the abbreviated format. That format states no turnover. The gross margin rose from €13,504 in 2006 to €30,557 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAGDA
- What is the company number of MAGDA?
- The company number of MAGDA is 0466.427.171. The VAT number is the same number with BE in front: BE 0466.427.171.
- Where is MAGDA based?
- The registered office is at Keerbergstraat 38, 2800 Mechelen.Company details
- What does MAGDA do?
- According to the KBO register, the main activity is other retail sale of food (NACE 47279).
- What is the legal form of MAGDA?
- MAGDA is a private limited company (pre-2019) (BVBA).
- When was MAGDA founded?
- MAGDA was founded on 02-07-1999.
- Is MAGDA still active?
- Yes, MAGDA is an active enterprise in the KBO register.
- How many employees does MAGDA have?
- MAGDA had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MAGDA fall under?
- In its 2024 annual accounts, MAGDA states joint committee 201 (Independent retail).
- What is the turnover of MAGDA?
- The turnover in financial year 2024 is ≈ €290,000. This figure is estimated from the gross margin of €30,557 and 54 comparable companies (NACE 472). It probably lies between €160,000 and €510,000.
- Is MAGDA profitable?
- In financial year 2024, MAGDA made a profit of €3,341.
- Where can I find the annual accounts of MAGDA?
- MAGDA filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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