MAGEEN
Open bankruptcyA bankruptcy procedure is open for MAGEEN according to publications in the Belgian State Gazette; curator: ILSE VRANKEN.
Summary
The 2024 annual accounts show negative equity (-€67,936) and a net result of -€26,734.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 13 March 2025
- Supervising judge
- Kristof Emmers
- Official Gazette
- 19-03-2025 (pdf) ↗search the document for 2025/111423
Curator
- Ilse VrankenKunstlaan 10 Bus A01, 3500 Hasseltilse@koraaladvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 22-01-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
9 d early
2023
41 d early
2022
28 d early
2021
45 d early
2020
39 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€128,204
EBIT margin
2.3%
Net result
-€26,734▲ 5.3%
2023 · -€28,245
Working capital
-€67,871▼ 25.1%
2023 · -€54,239
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€10,934-€11,055▼ 1.1%-€3,763▲ 66.0%-€24,235▼ 544%-€26,734▼ 10.3%
Net result-€13,466-€11,204▲ 16.8%-€8,603▲ 23.2%-€28,245▼ 228%-€26,734▲ 5.3%
EBIT margin
Equity-€48,384▼ 38.6%-€59,588▼ 23.2%-€68,191▼ 14.4%-€67,936▲ 0.4%-€67,936=
Total assets€2,392▼ 82.8%€6,717▲ 181%€4,428▼ 34.1%€18,112▲ 309%€6,103▼ 66.3%
Debt€50,776▲ 4.0%€66,305▲ 30.6%€72,619▲ 9.5%€86,048▲ 18.5%€74,040▼ 14.0%
Working capital-€31,770▼ 79.7%-€45,824▼ 44.2%-€53,412▼ 16.6%-€54,239▼ 1.5%-€67,871▼ 25.1%
Staff (FTE)0.8▼ 38.5%0.5▼ 37.5%1▲ 100%1=1=
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 €26,734 in 2024 against €24,235 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€26,592▼
2023 · -€24,093
Cash flow
-€26,592▲
2023 · -€28,103
Current ratio
0.08▼
2023 · 0.25
Quick ratio
0.05▼
2023 · 0.23
Debt to equity
-1.09▲
2023 · -1.27
ROA
-438.0%▼
2023 · -156.0%
Interest coverage
-530.99▼
2023 · -5.94
Debt ≤ 1 year
€73,974▲
2023 · €72,209
Staff costs
€17,360▲
2023 · €13,708
A ratio outside any meaningful range has been withheld (balance sheet total €6,103, equity -€67,936).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,929 | €13,708 | €17,360 | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €888 | €234 | €234 | €142 | €142 | = |
| Other operating charges640/8 | - | - | €1,289 | €3,845 | €3,434 | ▼ 10.7% |
| Gross operating margin9900 | €8,670 | -€7,386 | €690 | -€6,539 | -€5,798 | ▲ 11.3% |
| Operating profit (loss)9901 | -€10,934 | -€11,055 | -€3,763 | -€24,235 | -€26,734 | ▼ 10.3% |
| Financial income75/76B | - | - | €16 | €43 | €50 | ▲ 17.9% |
| Recurring financial income75 | €20 | - | €16 | €43 | €50 | ▲ 17.9% |
| Financial charges65/66B | - | - | €4,856 | €4,053 | €50 | ▼ 98.8% |
| Recurring financial charges65 | €2,552 | €149 | €4,856 | €4,053 | €50 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | -€13,466 | -€11,204 | -€8,603 | -€28,245 | -€26,734 | ▲ 5.3% |
| Profit (loss) for the period9904 | -€13,466 | -€11,204 | -€8,603 | -€28,245 | -€26,734 | ▲ 5.3% |
| Profit (loss) for the period to be appropriated9905 | -€13,466 | -€11,204 | -€8,603 | -€28,245 | -€26,734 | ▲ 5.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,392 | €6,717 | €4,428 | €18,112 | €6,103 | ▼ 66.3% |
| Fixed assets21/28 | €753 | €519 | €285 | €142 | - | - |
| Tangible fixed assets22/27 | €753 | €519 | €285 | €142 | - | - |
| Land and buildings22 | - | - | €285 | €142 | - | - |
| Current assets29/58 | €1,639 | €6,198 | €4,143 | €17,969 | €6,103 | ▼ 66.0% |
| Stocks and contracts in progress3 | €984 | €1,037 | €1,047 | €1,159 | €2,295 | ▲ 98.0% |
| Stocks30/36 | - | - | €1,047 | €1,159 | €2,295 | ▲ 98.0% |
| Amounts receivable within one year40/41 | €212 | €1,525 | €1,707 | €12,652 | €869 | ▼ 93.1% |
| Trade receivables40 | - | - | €1,495 | €12,431 | €529 | ▼ 95.7% |
| Other amounts receivable41 | - | - | €212 | €221 | €339 | ▲ 53.6% |
| Cash at bank and in hand54/58 | €383 | €2,872 | €1,062 | €4,158 | €2,853 | ▼ 31.4% |
| Deferred charges and accrued income490/1 | - | - | €328 | - | €87 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,392 | €6,717 | €4,428 | €18,112 | €6,103 | ▼ 66.3% |
| Equity10/15 | -€48,384 | -€59,588 | -€68,191 | -€67,936 | -€67,936 | = |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€60,784 | -€71,988 | -€80,591 | -€80,336 | -€80,336 | = |
| Amounts payable17/49 | €50,776 | €66,305 | €72,619 | €86,048 | €74,040 | ▼ 14.0% |
| Amounts payable after more than one year17 | €17,122 | €14,035 | €15,064 | €13,732 | - | - |
| Financial debts170/4 | - | - | €15,064 | €13,732 | - | - |
| Amounts payable within one year42/48 | €33,409 | €52,022 | €57,555 | €72,209 | €73,974 | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | €1,332 | €1,332 | €2,474 | ▲ 85.7% |
| Trade debts44 | €700 | €362 | - | €13,106 | - | - |
| Suppliers440/4 | - | - | - | €13,106 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,448 | €3,618 | €4,437 | ▲ 22.6% |
| Taxes450/3 | - | - | €2,208 | €1,444 | €2,639 | ▲ 82.7% |
| Remuneration and social security454/9 | - | - | €240 | €2,173 | €1,798 | ▼ 17.3% |
| Other amounts payable47/48 | - | - | €53,775 | €54,153 | €67,064 | ▲ 23.8% |
| Accrued charges and deferred income492/3 | - | - | - | €107 | €65 | ▼ 39.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,466 | -€11,204 | -€8,603 | -€28,245 | -€26,734 | ▲ 5.3% |
| + Depreciation and write-downs630 | €888 | €234 | €234 | €142 | €142 | = |
| Operating cash flow (approximation) | -€12,578 | -€10,969 | -€8,369 | -€28,103 | -€26,592 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €2,489 | -€1,810 | €3,097 | -€1,306 | ▼ 142% |
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
2025
19-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 13-03-2025
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€28,245
Net result drops to -€28,245, the lowest in the series.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
21-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2004
Ground area
190 m²
Building footprint
190 m²
Volume, LiDAR
1,193 m³
Parcel 73006M0587/00E000, Flanders · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAGEEN
since 20042.142.475.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006M0587/00E000 | Flanders | 190 m² | 1 · 190 m² | 14.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE VRANKEN KUNSTLAAN 10 BUS A01,
3500 HASSELT |
13-03-2025 → present |
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 252 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 (pre-2019)
Founded01-09-2004
Fiscal year end30-06
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.