MAGFORCE BE
ActiveMAGFORCE BE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.21M) and a net result of €-48k. Equity is shrinking by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+9
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.87 in 2024; short-term debt: 120% of total assets), 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
-34.8%
Return on assets
-0.8%
Age of the figures
9 mo
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
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2.21M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
70 d late
2023
68 d late
2022
68 d late
2021
81 d late
2020
87 d late
2019
122 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-48k▲ 85.7%
2024 · €-335k
2018: €-14k
2019: €3k
2020: €-20k
2021: €-347k
2022: €-1.55M
2023: €-84k
2024: €-335k
2018 → 2025
Working capital
€-1.27M▼ 3.9%
2024 · €-1.22M
2018: €4.44M
2019: €4.52M
2020: €4.57M
2021: €9.72M
2022: €8.17M
2023: €8.09M
2024: €-1.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-190k-€-1.74M▼ 814%€-1.82M▼ 4.8%€-2.16M▼ 18.4%€-2.21M▼ 2.2%
Operating result€-362k-€-1.68M▼ 363%€-74k▲ 95.6%€-1.74M▼ 2,243%€-76k▲ 95.6%
Net result€-347k-€-1.55M▼ 346%€-84k▲ 94.6%€-335k▼ 298%€-48k▲ 85.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €76k in 2025 against €1.74M in 2024; the loss shrinks.
Key figures and ratios
Solvency
-34.8%▼
2024 · -26.6%
Current ratio
0.83▼
2024 · 0.87
Quick ratio
0.83▼
2024 · 0.87
Debt / equity
-3.45▲
2024 · -4.33
ROA
-0.8%▲
2024 · -4.1%
Debt
€7.61M▼
2024 · €9.34M
Debt ≤ 1 year
€7.61M▼
2024 · €9.34M
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€8.12M€6.34M▼
Current assets29/58€8.12M€6.34M▼
Amounts receivable within one year40/41€5.92M€6.34M▲
Trade receivables40€417k€417k=
Other amounts receivable41€5.50M€5.93M▲
Cash at bank and in hand54/58€2.20M-
Equity and liabilities
Total equity and liabilities10/49€8.12M€6.34M▼
Equity10/15€-2.16M€-2.21M▼
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-2.19M€-2.24M▼
Provisions and deferred taxes16€936k€936k=
Provisions for liabilities and charges160/5€936k€936k=
Other liabilities and charges164/5€936k€936k=
Amounts payable17/49€9.34M€7.61M▼
Amounts payable within one year42/48€9.34M€7.61M▼
Trade debts44€1.70M€20k▼
Suppliers440/4€1.70M€20k▼
Taxes, remuneration and social security45€48k-
Taxes450/3€48k-
Other amounts payable47/48€7.59M€7.59M=
Income statement
Code20242025
Gross operating margin9900€-1.74M€-76k▲
Operating profit (loss)9901€-1.74M€-76k▲
Financial income75/76B€5.12M€29k▼
Recurring financial income75€121k€29k▼
Non-recurring financial income76B€5.00M-
Financial charges65/66B€3.37M€277▼
Recurring financial charges65€123k€277▼
Non-recurring financial charges66B€3.25M-
Profit (loss) for the period before taxes9903€9k€-48k▼
Income taxes67/77€344k-
Profit (loss) for the period9904€-335k€-48k▲
Profit (loss) for the period to be appropriated9905€-335k€-48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.19M€-2.24M▼
Profit (loss) brought forward from the previous period14P€-1.86M€-2.19M▼
The notes to these accounts (2 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet €-1.55M
Net result drops to €-1.55M, the lowest in the series; recovery starts the following year.
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 81 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 63 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2013
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.
Jakob Jordaensstraat 241000 BrusselGround area
602 m²
Building footprint
370 m²
Volume, LiDAR
4,615 m³
2 parcels, Brussels · tallest building 37.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MAGFORCE
since 20132.223.769.144
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0202/00D005 ProtectedMonumentVoormalige Huis Jacobs |
Brussels | 313 m² | 1 · 227 m² | 21.4 m · 3 fl. |
| 21807G0215/00D000 | Brussels | 290 m² | 1 · 144 m² | 37.8 m · 6 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).
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Of 1,313 companies in sector 46423 we hold annual accounts for 813. 572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-03-2013
Fiscal year end31-12
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:jean-luc@technet.capital