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MAGECOM

Bankruptcy closed
Private limited companyKBO/BCE: BE 0896.646.422

Inactive since 02-07-2026; last annual accounts for financial year 2022.

Summary

MAGECOM was declared bankrupt on 20-01-2025 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 29-06-2026, published in the Belgian Official Gazette on 06-08-2026.

MAGECOMBankruptcy closed

Financials · financial year 2022, micro format

2022 annual accounts filed late (198 days) Filed on 14 February 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00031234.

Turnover
€345▼ 99.5%
2019 · €63,065
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€10,525
2021 · €37
Working capital
€2,015
2019 · -€434
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result turns negative in 2022: a loss of €10,225 after €331 in 2021, 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.

Turnover€345 2020 Operating result-€10,225 2022 Net result-€10,525 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Turnover€78,150-€63,065▼ 19.3%€345▼ 99.5%
Operating result€1,386-€5,431▲ 292%€2,510▼ 53.8%€331▼ 86.8%-€10,225
Net result€140-€3,591▲ 2,462%€2,449▼ 31.8%€37▼ 98.5%-€10,525
Equity-€3,960--€369▲ 90.7%€2,080€14,516▲ 598%€3,991▼ 72.5%
Total assets€33,207-€8,221▼ 75.2%€3,861▼ 53.0%€14,516▲ 276%€3,991▼ 72.5%
Debt€37,168-€8,589▼ 76.9%€1,782▼ 79.3%
Working capital€17,625--€434€2,015
Balance-sheet composition
Assets €3,991
Fixed assets €903
Current assets €3,088
Key figures and ratios
2022 value · change against 2021
EBITDA
-€9,878
Cash flow
-€10,178
Interest coverage
-32.93
Ratios withheld: a balance sheet total of €3,991 is too small for a meaningful ratio.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 24 lines
Balance sheet Code20212022
Assets
Total assets20/58€14,516€3,991▼
Fixed assets21/28-€903
Tangible fixed assets22/27-€903
Furniture and vehicles24-€903
Current assets29/58€14,516€3,088▼
Amounts receivable within one year40/41€14,516€3,088▼
Other amounts receivable41€14,516€3,088▼
Equity and liabilities
Total equity and liabilities10/49€14,516€3,991▼
Equity10/15€14,516€3,991▼
Contributions10/11€18,600€18,600=
Reserves13€1,689€1,689=
Non-distributable reserves130/1€1,689€1,689=
Reserves not available under the articles1311€1,689€1,689=
Profit (loss) carried forward14-€5,773-€16,298▼
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€347
Gross operating margin9900€331-€9,878▼
Operating profit (loss)9901€331-€10,225▼
Financial charges65/66B€294€300▲
Recurring financial charges65€294€300▲
Profit (loss) for the period before taxes9903€37-€10,525▼
Profit (loss) for the period9904€37-€10,525▼
Profit (loss) for the period to be appropriated9905€37-€10,525▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5,773-€16,298▼
Profit (loss) brought forward from the previous period14P-€5,810-€5,773▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Turnover70€78,150€63,065€345---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€347-
Gross operating margin9900€1,816€5,431€2,510€331-€9,878-
Operating profit (loss)9901€1,386€5,431€2,510€331-€10,225-
Recurring financial income75--€12---
Financial charges65/66B---€294€300▲ 2.0%
Recurring financial charges65€198€58€74€294€300▲ 2.0%
Profit (loss) for the period before taxes9903€1,189€5,373€2,449€37-€10,525-
Income taxes67/77€1,048€1,782----
Profit (loss) for the period9904€140€3,591€2,449€37-€10,525-
Profit (loss) for the period to be appropriated9905€140€3,591€2,449€37-€10,525-
Line20182019202020212022Change
Assets
Total assets20/58€33,207€8,221€3,861€14,516€3,991▼ 72.5%
Fixed assets21/28€65€65€65-€903-
Tangible fixed assets22/27----€903-
Furniture and vehicles24----€903-
Financial fixed assets28€65€65€65---
Current assets29/58€33,142€8,156€3,796€14,516€3,088▼ 78.7%
Amounts receivable within one year40/41--€2,837€14,516€3,088▼ 78.7%
Other amounts receivable41---€14,516€3,088▼ 78.7%
Cash at bank and in hand54/58€33,142€8,156€959---
Equity and liabilities
Total equity and liabilities10/49€33,207€8,221€3,861€14,516€3,991▼ 72.5%
Equity10/15-€3,960-€369€2,080€14,516€3,991▼ 72.5%
Contributions10/11€6,200€6,200-€18,600€18,600=
Reserves13€1,689€1,689€1,689€1,689€1,689=
Non-distributable reserves130/1---€1,689€1,689=
Reserves not available under the articles1311---€1,689€1,689=
Profit (loss) carried forward14-€11,850-€8,258-€5,810-€5,773-€16,298▼ 182%
Amounts payable17/49€37,168€8,589€1,782---
Amounts payable within one year42/48€15,518€8,589€1,782---
Trade debts44€3,521€101----
Line20182019202020212022Change
Profit (loss) for the period9904€140€3,591€2,449€37-€10,525-
+ Depreciation and write-downs630----€347-
Operating cash flow (approximation)€140€3,591€2,449€37-€10,178-
Investment in fixed assets (approximation)-€0€0---
Change in cash--€24,987-€7,196---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2022 micro format 14-02-2024 2024-00031234
31-12-2021 micro format 14-02-2024 2024-00031233
31-12-2020 micro format 24-08-2021 2021-51800232
31-12-2019 micro format 27-08-2020 2020-45100028
31-12-2018 micro format 30-07-2019 2019-39800519
31-12-2017 micro format 21-06-2018 2018-20900461
31-12-2016 full format 28-07-2017 2017-36700020
31-12-2015 full format 28-07-2016 2016-37400577
31-12-2014 full format 24-07-2015 2015-34600148
31-12-2013 full format 30-06-2014 2014-23500480

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.