MAGELLIN
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-05-2021, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
64 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€-288k▲ 58.8%
2019 · €-700k
2018: €-598k
2019: €-700k
2018 → 2020
Total assets
€69k▼ 95.6%
2019 · €1.57M
2018: €1.57M
2019: €1.57M
2018 → 2020
Net result
€411k
2019 · €-102k
2018: €-92k
2019: €-102k
2018 → 2020
Working capital
€49k▼ 96.8%
2019 · €1.53M
2018: €-590k
2019: €1.53M
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-598k-€-700k▼ 17.0%€-288k▲ 58.8%
Operating result€-19k-€-26k▼ 34.7%€491k
Net result€-92k-€-102k▼ 10.4%€411k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €491k after a loss of €26k in 2019, the highest result in the available series.
Key figures and ratios
Solvency
-419.1%▼
2019 · -44.7%
Current ratio
3.48▼
2019 · 38.66
Debt to equity
-1.14▲
2019 · -3.18
ROA
598.0%▲
2019 · -6.5%
Debt
€357k▼
2019 · €2.27M
Debt ≤ 1 year
€20k▼
2019 · €41k
Debt > 1 year
€329k▼
2019 · €2.23M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 19 lines
Balance sheet
Code20192020
Assets
Total assets20/58€1.57M€69k▼
Current assets29/58€1.57M€69k▼
Stocks and contracts in progress3€1.52M-
Amounts receivable within one year40/41€2k€20k▲
Cash at bank and in hand54/58€42k€49k▲
Equity and liabilities
Total equity and liabilities10/49€1.57M€69k▼
Equity10/15€-700k€-288k▲
Contributions10/11€62k€62k=
Profit (loss) carried forward14€-761k€-350k▲
Amounts payable17/49€2.27M€357k▼
Amounts payable after more than one year17€2.23M€329k▼
Amounts payable within one year42/48€41k€20k▼
Trade debts44€40k€18k▼
Income statement
Code20192020
Gross operating margin9900€-25k€492k▲
Operating profit (loss)9901€-26k€491k▲
Recurring financial charges65€76k€80k▲
Profit (loss) for the period before taxes9903€-102k€411k▲
Profit (loss) for the period9904€-102k€411k▲
Profit (loss) for the period to be appropriated9905€-102k€411k▲
Timeline · acts, filings and financial milestones
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €411k
Net result €411k after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
06-01
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
2019
31-12
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series.
31-12
Financial
Liquidity times 53current ratio 38.66
Current ratio from 0.73 to 38.66; short-term debt falls from €2.16M to €41k.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
04-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
28-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
23-05
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:BANIMMO