MAGELLAN LEISURE
ActiveThe computed 12-month bankruptcy probability of MAGELLAN LEISURE is 2.3% (moderate). The 2025 annual accounts show negative equity (€-56k) and a net result of €-36k. Equity is shrinking by ~94.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 1286 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.07 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-6.6%
Return on assets
-4.2%
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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
232425
2023 to 2025 · latest year -€56k
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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
42 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-56k▼ 88.2%
2024 · €-30k
2023: €401
2024: €-30k
2023 → 2025
Total assets
€857k▲ 19.3%
2024 · €718k
2023: €533k
2024: €718k
2023 → 2025
Net result
€-36k▼ 20.1%
2024 · €-30k
2023: €-10k
2024: €-30k
2023 → 2025
Working capital
€-435k▼ 73.6%
2024 · €-251k
2023: €-129k
2024: €-251k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€401-€-30k€-56k▼ 88.2%
Operating result€-5k-€-5k▼ 1.1%€-9k▼ 84.9%
Net result€-10k-€-30k▼ 215%€-36k▼ 20.1%
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 €9k in 2025 against €5k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€824k▲ 18.1%
Current assets
€32k▲ 69.1%
Key figures and ratios
EBITDA
€-7k▼
2024 · €-5k
Cash flow
€-35k▼
2024 · €-30k
Solvency
-6.6%▼
2024 · -4.2%
Current ratio
0.07▼
2024 · 0.07
Quick ratio
0.07▼
2024 · 0.07
Debt / equity
-16.25▲
2024 · -25.06
ROE
64.7%▼
2024 · 101.3%
ROA
-4.2%▼
2024 · -4.2%
Interest coverage
-0.27▼
2024 · -0.18
Debt
€913k▲
2024 · €748k
Debt ≤ 1 year
€467k▲
2024 · €270k
Debt > 1 year
€445k▼
2024 · €478k
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€718k€857k▲
Formation expenses20€1k€567▼
Fixed assets21/28€697k€824k▲
Tangible fixed assets22/27€697k€824k▲
Land and buildings22€693k€821k▲
Plant, machinery and equipment23€999€761▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€19k€32k▲
Amounts receivable within one year40/41€19k€32k▲
Trade receivables40-€4k
Other amounts receivable41€19k€28k▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€718k€857k▲
Equity10/15€-30k€-56k▼
Contributions10/11€10k€20k▲
Profit (loss) carried forward14€-40k€-76k▼
Amounts payable17/49€748k€913k▲
Amounts payable after more than one year17€478k€445k▼
Financial debts170/4€478k€445k▼
Amounts payable within one year42/48€270k€467k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Financial debts43€16k€51k▲
Credit institutions430/8€16k€51k▲
Trade debts44€70k€72k▲
Suppliers440/4€70k€72k▲
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Other amounts payable47/48€153k€313k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€396€2k▲
Other operating charges640/8-€283
Gross operating margin9900€-5k€-7k▼
Operating profit (loss)9901€-5k€-9k▼
Financial charges65/66B€25k€27k▲
Recurring financial charges65€25k€27k▲
Profit (loss) for the period before taxes9903€-30k€-36k▼
Profit (loss) for the period9904€-30k€-36k▼
Profit (loss) for the period to be appropriated9905€-30k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-76k▼
Profit (loss) brought forward from the previous period14P€-10k€-40k▼
The notes to these accounts (6 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
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
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, Namur · 1 establishment unit since 2023
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.
Chaussée de Perwez(SM) 3525003 NamurGround area
2.1 ha
Parcel 92106B0197/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MAGELLAN LEISURE
since 20232.349.325.449
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92106B0197/00A000 | Wallonia | 2.1 ha | - | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
Of 122 companies in sector 55202 we hold annual accounts for 81. 1 is within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-08-2023
Fiscal year end31-12
Activities, NACEBEL
55202Accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:fabien@kojump.be
Phone:+32497557100
E-mail:fabien@lefortdemines.com
Phone:0497557100