MAGELLAN & CIE
ActiveThe computed 12-month bankruptcy probability of MAGELLAN & CIE is 1.8% (moderate). The 2025 annual accounts show negative equity (€-193k) and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 18016 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
23
/ 100
Critical▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-57
Solvency51▲+3
Growth32=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.29 against 1.18 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-121.1%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€193k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
29 d late
2022
21 d early
2021
19 d early
2020
16 d late
2019
28 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 57.2%
2024 · €-33k
2018: €12k
2019: €11k
2020: €49k
2021: €-89k
2022: €-11k
2023: €-95k
2024: €-33k
2018 → 2025
Working capital
€20k▲ 21.7%
2024 · €16k
2018: €14k
2019: €4k
2020: €45k
2021: €6k
2022: €76k
2023: €19k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-35k-€-47k▼ 34.6%€-143k▼ 203%€-178k▼ 24.2%€-193k▼ 8.8%
Operating result€-84k-€-7k▲ 92.1%€-88k▼ 1,234%€-42k▲ 52.1%€-12k▲ 72.1%
Net result€-89k-€-11k▲ 87.8%€-95k▼ 773%€-33k▲ 64.7%€-14k▲ 57.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €42k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€71k▼ 19.2%
Current assets
€88k▼ 17.3%
Key figures and ratios
EBITDA
€5k▲
2024 · €-25k
Cash flow
€3k▲
2024 · €-16k
Solvency
-121.1%▼
2024 · -91.1%
Current ratio
1.29▲
2024 · 1.18
Quick ratio
0.29▲
2024 · 0.26
Debt / equity
-1.83▲
2024 · -2.10
ROE
7.4%▼
2024 · 18.8%
ROA
-8.9%▲
2024 · -17.1%
Interest coverage
1.19▲
2024 · -3.94
Debt
€353k▼
2024 · €373k
Debt ≤ 1 year
€68k▼
2024 · €90k
Debt > 1 year
€284k▲
2024 · €282k
Income taxes
€140▲
2024 · €132
Staff costs
€16k▲
2024 · €16k
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€195k€160k▼
Fixed assets21/28€88k€71k▼
Tangible fixed assets22/27€88k€71k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€76k€64k▼
Current assets29/58€107k€88k▼
Stocks and contracts in progress3€83k€69k▼
Stocks30/36€83k€69k▼
Amounts receivable within one year40/41€11k€5k▼
Trade receivables40€11k€5k▼
Other amounts receivable41€0€26▲
Cash at bank and in hand54/58€13k€14k▲
Deferred charges and accrued income490/1€154€0▼
Equity and liabilities
Total equity and liabilities10/49€195k€160k▼
Equity10/15€-178k€-193k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-205k€-220k▼
Investment grants15€7k€6k▼
Amounts payable17/49€373k€353k▼
Amounts payable after more than one year17€282k€284k▲
Financial debts170/4€282k€284k▲
Amounts payable within one year42/48€90k€68k▼
Current portion of amounts payable after more than one year42€37k€25k▼
Financial debts43€12k€2k▼
Credit institutions430/8€0-
Other loans439€12k€2k▼
Trade debts44€21k€25k▲
Suppliers440/4€21k€25k▲
Advances received on contracts in progress46€581€1k▲
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€14k€15k▲
Remuneration and social security454/9€2k€151▼
Other amounts payable47/48€5k€219▼
Income statement
Code20242025
Non-recurring operating income76A-€613
Remuneration, social security and pensions62€16k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€727€0▼
Gross operating margin9900€-8k€22k▲
Operating profit (loss)9901€-42k€-12k▲
Financial income75/76B€15k€2k▼
Recurring financial income75€15k€2k▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€-33k€-14k▲
Income taxes67/77€132€140▲
Profit (loss) for the period9904€-33k€-14k▲
Profit (loss) for the period to be appropriated9905€-33k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-205k€-220k▼
Profit (loss) brought forward from the previous period14P€-172k€-205k▼
The notes to these accounts (15 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
31-12
Financial
Highest result since 2018net €49k ▲345%
Operating result €62k, net result €49k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ukkel · 1 establishment unit since 2002
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.
Waterloosesteenweg 11261180 UkkelGround area
301 m²
Building footprint
302 m²
Volume, LiDAR
3,671 m³
Parcel 21612D0347/00E000, Brussels · tallest building 20.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Waterloosesteenweg 1126, 1180 Ukkel
since 20022.094.696.192
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0347/00E000 | Brussels | 301 m² | 1 · 302 m² | 20.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.094.696.192
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BE 0746.479.336
Assesse · Eq €42k
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BE 0759.589.974
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D & V INTERNATIONAL
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M-VELO
BE 0701.891.406
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GIMARI
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Nijlen · Eq €43k
Of 1,451 companies in sector 47632 we hold annual accounts for 721. 515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2002
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
56220Contract catering and other food service activities
56290Food and beverage service activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.