MAGEESO
ActiveThe computed 12-month bankruptcy probability of MAGEESO is 2.1% (moderate). The 2025 annual accounts show equity of €35k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 3603 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency49▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.96 in 2024), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.7%
Return on assets
-2.6%
Age of the figures
14 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€3k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
45 d early
2024
7 d early
2023
5 d early
2022
40 d early
2021
84 d early
2020
32 d early
2019
64 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€35k▼ 7.8%
2024 · €38k
2019: €-44k
2020: €-154k
2021: €70k
2022: €47k
2023: €64k
2024: €38k
2019 → 2025
Total assets
€115k▲ 11.3%
2024 · €103k
2019: €132k
2020: €110k
2021: €142k
2022: €215k
2023: €144k
2024: €103k
2019 → 2025
Net result
€-3k▲ 88.4%
2024 · €-26k
2019: €-26k
2020: €-110k
2021: €-36k
2022: €-24k
2023: €18k
2024: €-26k
2019 → 2025
Working capital
€5k
2024 · €-2k
2019: €-119k
2020: €-220k
2021: €15k
2022: €-2k
2023: €23k
2024: €-2k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€47k▼ 33.6%€64k▲ 37.6%€38k▼ 40.4%€35k▼ 7.8%
Operating result€-34k-€-20k▲ 40.2%€21k€-22k€-3k▲ 87.0%
Net result€-36k-€-24k▲ 33.9%€18k€-26k€-3k▲ 88.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €22k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€30k▼ 25.5%
Current assets
€84k▲ 35.3%
Equity and liabilities €115k
Equity
€35k▼ 7.8%
Debt
€79k▲ 22.6%
The debt ratio rises from 62.9% to 69.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€8k▲
2024 · €-13k
Cash flow
€7k▲
2024 · €-16k
Solvency
30.7%▼
2024 · 37.1%
Current ratio
1.06▲
2024 · 0.96
Quick ratio
0.85▲
2024 · 0.66
Debt / equity
2.25▲
2024 · 1.69
ROE
-8.5%▲
2024 · -67.8%
ROA
-2.6%▲
2024 · -25.2%
Interest coverage
11.08▲
2024 · -3.23
Debt
€79k▲
2024 · €65k
Debt ≤ 1 year
€79k▲
2024 · €65k
Staff costs
€123k▼
2024 · €188k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103k€115k▲
Fixed assets21/28€41k€30k▼
Tangible fixed assets22/27€40k€30k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€36k€27k▼
Financial fixed assets28€676€676=
Current assets29/58€62k€84k▲
Stocks and contracts in progress3€20k€17k▼
Stocks30/36€20k€17k▼
Amounts receivable within one year40/41€23k€17k▼
Trade receivables40€23k€17k▼
Cash at bank and in hand54/58€19k€51k▲
Deferred charges and accrued income490/1€263€0▼
Equity and liabilities
Total equity and liabilities10/49€103k€115k▲
Equity10/15€38k€35k▼
Contributions10/11€278k€278k=
Profit (loss) carried forward14€-240k€-243k▼
Amounts payable17/49€65k€79k▲
Amounts payable within one year42/48€65k€79k▲
Financial debts43€10k€0▼
Credit institutions430/8€10k€0▼
Trade debts44€40k€56k▲
Suppliers440/4€40k€56k▲
Taxes, remuneration and social security45€14k€22k▲
Taxes450/3€148€2k▲
Remuneration and social security454/9€14k€20k▲
Other amounts payable47/48€543€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€188k€123k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€181k€133k▼
Operating profit (loss)9901€-22k€-3k▲
Financial income75/76B€312€574▲
Recurring financial income75€312€574▲
Financial charges65/66B€4k€677▼
Recurring financial charges65€4k€677▼
Profit (loss) for the period before taxes9903€-26k€-3k▲
Profit (loss) for the period9904€-26k€-3k▲
Profit (loss) for the period to be appropriated9905€-26k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-240k€-243k▼
Profit (loss) brought forward from the previous period14P€-214k€-240k▼
Social balance
Average headcount (FTE)90874.22.3▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €18k
Net result €18k after 4 loss-making years.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity times 7current ratio 1.20
Current ratio from 0.17 to 1.20; short-term debt falls from €263k to €72k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-110k
Net result drops to €-110k, the lowest in the series; recovery starts the following year.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Buggenhout · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mandekensstraat 1799255 BuggenhoutGround area
956 m²
Building footprint
729 m²
Volume, LiDAR
6,134 m³
2 parcels, Flanders · tallest building 16.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAGEESO
since 20172.260.636.666
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006C0141/00A000 | Flanders | 523 m² | 1 · 423 m² | 16.6 m · 3 fl. |
| 42004E0869/00B002 | Flanders | 433 m² | 1 · 306 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
BRAGIMMO
BE 0684.670.441
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Serbes
BE 1005.210.505
Putte · Eq €35k
SPORESTO
BE 1004.830.918
Ukkel · Eq €35k
Carpe food & drinks
BE 0718.719.619
Mortsel · Eq €35k
EVIEDEMMENT
BE 0744.768.770
Ronse · Eq €35k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 9,486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2017
Fiscal year end30-06
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.