MAGDA IMMO
ActiveSummary
MAGDA IMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+4
Solvency29▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.86 against 2.72 in 2024; short-term debt: 17.3% and cash: 0.5% of total assets), but 96% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d late
2023
28 d late
2022
60 d early
2021
31 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 11.5%
2024 · €44k
2018: €-1k
2019: €-10k▼ -673% vs 2018
2020: €-11k▼ -16.8% vs 2019lowest in 8 years
2021: €58k▲ +615% vs 2020
2022: €58k▲ +0.1% vs 2021highest in 8 years
2023: €56k▼ -3.5% vs 2022
2024: €44k▼ -22.2% vs 2023
2025: €39k▼ -11.5% vs 2024
2018 → 2025
Total assets
€958k▲ 58.8%
2024 · €603k
2018: €120klowest in 8 years
2019: €140k▲ +16.7% vs 2018
2020: €141k▲ +0.2% vs 2019
2021: €152k▲ +7.9% vs 2020
2022: €154k▲ +1.4% vs 2021
2023: €150k▼ -2.4% vs 2022
2024: €603k▲ +302% vs 2023
2025: €958k▲ +58.8% vs 2024highest in 8 years
2018 → 2025
Net result
€-5k▲ 59.6%
2024 · €-12k
2018: €-3k
2019: €-8k▼ -141% vs 2018
2020: €-2k▲ +80.7% vs 2019
2021: €33k▲ +2134% vs 2020highest in 8 years
2022: €59▼ -99.8% vs 2021
2023: €-2k▼ -3600% vs 2022
2024: €-12k▼ -510% vs 2023lowest in 8 years
2025: €-5k▲ +59.6% vs 2024
2018 → 2025
Working capital
€641k▲ 123%
2024 · €287k
2018: €-83klowest value
2020: €-3k
2021: €-8k▼ -210% vs 2020
2022: €-11k▼ -38.1% vs 2021
2024: €287k
2025: €641k▲ +123% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€58k▲ 0.1%€56k▼ 3.5%€44k▼ 22.2%€39k▼ 11.5%
2021: €58k
2022: €58k▲ +0.1% vs 2021highest in 5 years
2023: €56k▼ -3.5% vs 2022
2024: €44k▼ -22.2% vs 2023
2025: €39k▼ -11.5% vs 2024lowest in 5 years
Operating result€35k-€1k▼ 96.8%€-1k€-11k▼ 871%€-5k▲ 54.2%
2021: €35khighest in 5 years
2022: €1k▼ -96.8% vs 2021
2023: €-1k▼ -199% vs 2022
2024: €-11k▼ -871% vs 2023lowest in 5 years
2025: €-5k▲ +54.2% vs 2024
Net result€33k-€59▼ 99.8%€-2k€-12k▼ 510%€-5k▲ 59.6%
2021: €33khighest in 5 years
2022: €59▼ -99.8% vs 2021
2023: €-2k▼ -3600% vs 2022
2024: €-12k▼ -510% vs 2023lowest in 5 years
2025: €-5k▲ +59.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €958k
Fixed assets
€151k ▲ 0.8%
Current assets
€807k ▲ 78.0%
Equity and liabilities €958k
Equity
€39k ▼ 11.5%
Debt
€919k ▲ 64.3%
Debt's share of the balance-sheet total rises from 92.7% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.86▲
2024 · 2.72
Quick ratio
0.03▲
2024 · 0.02
Debt to equity
23.75▲
2024 · 12.79
ROE
-13.0%▲
2024 · -28.5%
ROA
-0.5%▲
2024 · -2.1%
Debt ≤ 1 year
€166k▼
2024 · €166k
Debt > 1 year
€753k▲
2024 · €393k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€603k€958k▲
Fixed assets21/28€150k€151k▲
Tangible fixed assets22/27€150k€150k=
Land and buildings22€150k€150k=
Financial fixed assets28-€1k
Current assets29/58€453k€807k▲
Stocks and contracts in progress3€450k€801k▲
Stocks30/36€450k€801k▲
Amounts receivable within one year40/41€683€1k▲
Other amounts receivable41€683€1k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€654-
Equity and liabilities
Total equity and liabilities10/49€603k€958k▲
Equity10/15€44k€39k▼
Contributions10/11€62k€62k=
Revaluation surpluses12€37k€37k=
Profit (loss) carried forward14€-54k€-59k▼
Amounts payable17/49€559k€919k▲
Amounts payable after more than one year17€393k€753k▲
Financial debts170/4€393k€753k▲
Amounts payable within one year42/48€166k€166k▼
Trade debts44-€383
Suppliers440/4-€383
Taxes, remuneration and social security45€21€21=
Taxes450/3€21€21=
Other amounts payable47/48€166k€166k▼
Accrued charges and deferred income492/3€96€97▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€11k€4k▼
Other operating charges640/8€66€730▲
Gross operating margin9900€-11k€-4k▲
Operating profit (loss)9901€-11k€-5k▲
Financial income75/76B€12-
Recurring financial income75€12-
Financial charges65/66B€2k€158▼
Recurring financial charges65€2k€158▼
Profit (loss) for the period before taxes9903€-12k€-5k▲
Profit (loss) for the period9904€-12k€-5k▲
Profit (loss) for the period to be appropriated9905€-12k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-59k▼
Profit (loss) brought forward from the previous period14P€-42k€-54k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €41k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €972 | €11k | €4k | ▼ 60.8% |
| Other operating charges640/8 | €25 | - | €127 | €66 | €730 | ▲ 1,010% |
| Gross operating margin9900 | €35k | €1k | €-972 | €-11k | €-4k | ▲ 60.8% |
| Operating profit (loss)9901 | €35k | €1k | €-1k | €-11k | €-5k | ▲ 54.2% |
| Financial income75/76B | - | - | - | €12 | - | - |
| Recurring financial income75 | - | - | - | €12 | - | - |
| Financial charges65/66B | €1k | €1k | €949 | €2k | €158 | ▼ 91.4% |
| Recurring financial charges65 | €1k | €1k | €949 | €2k | €158 | ▼ 91.4% |
| Profit (loss) for the period before taxes9903 | €34k | €80 | €-2k | €-12k | €-5k | ▲ 59.6% |
| Income taxes67/77 | €469 | €21 | - | - | - | - |
| Profit (loss) for the period9904 | €33k | €59 | €-2k | €-12k | €-5k | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €33k | €59 | €-2k | €-12k | €-5k | ▲ 59.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €154k | €150k | €603k | €958k | ▲ 58.8% |
| Fixed assets21/28 | €150k | €150k | €150k | €150k | €151k | ▲ 0.8% |
| Tangible fixed assets22/27 | €150k | €150k | €150k | €150k | €150k | = |
| Land and buildings22 | €150k | €150k | €150k | €150k | €150k | = |
| Financial fixed assets28 | - | - | - | - | €1k | - |
| Current assets29/58 | €2k | €4k | - | €453k | €807k | ▲ 78.0% |
| Stocks and contracts in progress3 | - | - | - | €450k | €801k | ▲ 78.2% |
| Stocks30/36 | - | - | - | €450k | €801k | ▲ 78.2% |
| Amounts receivable within one year40/41 | €1k | €3k | - | €683 | €1k | ▲ 46.9% |
| Trade receivables40 | €399 | €2k | - | - | - | - |
| Other amounts receivable41 | €895 | €915 | - | €683 | €1k | ▲ 46.9% |
| Cash at bank and in hand54/58 | €357 | €388 | - | €2k | €4k | ▲ 102% |
| Deferred charges and accrued income490/1 | - | - | - | €654 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €154k | €150k | €603k | €958k | ▲ 58.8% |
| Equity10/15 | €58k | €58k | €56k | €44k | €39k | ▼ 11.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €37k | €37k | €37k | €37k | €37k | = |
| Profit (loss) carried forward14 | €-40k | €-40k | €-42k | €-54k | €-59k | ▼ 9.3% |
| Amounts payable17/49 | €93k | €95k | €94k | €559k | €919k | ▲ 64.3% |
| Amounts payable after more than one year17 | €84k | €81k | €77k | €393k | €753k | ▲ 91.7% |
| Financial debts170/4 | €23k | €20k | €17k | €393k | €753k | ▲ 91.7% |
| Other amounts payable178/9 | €61k | €61k | €61k | - | - | - |
| Amounts payable within one year42/48 | €10k | €15k | €16k | €166k | €166k | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €4k | - | - | - |
| Trade debts44 | €60 | €234 | - | - | €383 | - |
| Suppliers440/4 | €60 | €234 | - | - | €383 | - |
| Taxes, remuneration and social security45 | €469 | €548 | €21 | €21 | €21 | = |
| Taxes450/3 | €469 | €548 | €21 | €21 | €21 | = |
| Other amounts payable47/48 | €6k | €11k | €13k | €166k | €166k | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | €94 | €96 | €97 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €59 | €-2k | €-12k | €-5k | ▲ 59.6% |
| Operating cash flow (approximation) | €33k | €59 | €-2k | €-12k | €-5k | ▲ 59.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1k | - |
| Change in cash | - | €31 | - | - | €2k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Le Roeulx · 1 establishment unit since 2007
Ground area
2,118 m²
Building footprint
564 m²
Volume, LiDAR
434 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Magda Immo
since 20072.158.173.190
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55035D0597/00D000 | Wallonia | 1,907 m² | 1 · 517 m² | - |
| 52053C0051/00P003 | Wallonia | 212 m² | 1 · 46 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BeKZ
BE 0542.402.917
Knokke-Heist · Eq €38,723
TMTS algemene interieur
BE 0759.441.110
Bocholt · Eq €38,725
Nodge Construct
BE 0788.618.017
Wingene · Eq €38,728
Domein MASE
BE 0400.936.236
Maaseik · Eq €38,738
DK Stables & Fences
BE 0779.489.921
Oudsbergen · Eq €38,749
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,788 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.