MAGFORCE ET CONSTRUCTION
ActiveMAGFORCE ET CONSTRUCTION has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.16M) and a net result of €-19k. Equity is shrinking by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+40
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 280.3% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
-180.3%
Return on assets
-1.6%
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 €-2.16M
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
46 d late
2023
68 d late
2022
70 d late
2021
68 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-2.16M▼ 0.9%
2024 · €-2.14M
2018: €223k
2019: €183k
2020: €72k
2021: €-949k
2022: €-1.07M
2023: €-1.03M
2024: €-2.14M
2018 → 2025
Total assets
€1.20M▼ 1.0%
2024 · €1.21M
2018: €9.19M
2019: €9.49M
2020: €9.24M
2021: €7.75M
2022: €8.84M
2023: €6.88M
2024: €1.21M
2018 → 2025
Net result
€-19k▲ 98.3%
2024 · €-1.11M
2018: €17k
2019: €-40k
2020: €-111k
2021: €-1.02M
2022: €-125k
2023: €40k
2024: €-1.11M
2018 → 2025
Working capital
€-3.32M▲ 0.3%
2024 · €-3.33M
2018: €-3.67M
2019: €-3.77M
2020: €-3.95M
2021: €-3.96M
2022: €-852k
2023: €1.15M
2024: €-3.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-949k-€-1.07M▼ 13.2%€-1.03M▲ 3.7%€-2.14M▼ 107%€-2.16M▼ 0.9%
Operating result€-946k-€-104k▲ 89.0%€85k€-224k€-14k▲ 93.8%
Net result€-1.02M-€-125k▲ 87.8%€40k€-1.11M€-19k▲ 98.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €224k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€1.16M▼ 2.3%
Current assets
€40k▲ 65.7%
Key figures and ratios
EBITDA
€14k▲
2024 · €-196k
Cash flow
€9k▲
2024 · €-1.08M
Solvency
-180.3%▼
2024 · -177.0%
Current ratio
0.01▲
2024 · 0.01
Quick ratio
0.01▲
2024 · 0.01
Debt / equity
-1.55▲
2024 · -1.56
ROA
-1.6%▲
2024 · -91.7%
Interest coverage
2.79▲
2024 · -6.58
Debt
€3.36M▲
2024 · €3.36M
Debt ≤ 1 year
€3.36M▲
2024 · €3.36M
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€1.21M€1.20M▼
Fixed assets21/28€1.19M€1.16M▼
Tangible fixed assets22/27€1.16M€1.13M▼
Land and buildings22€1.12M€1.09M▼
Furniture and vehicles24€40k€40k=
Financial fixed assets28€30k€30k=
Current assets29/58€24k€40k▲
Amounts receivable within one year40/41€24k€39k▲
Trade receivables40€24k€36k▲
Other amounts receivable41€610€4k▲
Cash at bank and in hand54/58-€948
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.20M▼
Equity10/15€-2.14M€-2.16M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-2.21M€-2.23M▼
Amounts payable17/49€3.36M€3.36M▲
Amounts payable within one year42/48€3.36M€3.36M▲
Trade debts44€262k€141k▼
Suppliers440/4€262k€141k▼
Other amounts payable47/48€3.09M€3.22M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€215k-
Other operating charges640/8-€10k
Gross operating margin9900€19k€24k▲
Operating profit (loss)9901€-224k€-14k▲
Financial income75/76B€313k-
Recurring financial income75€313k-
Non-recurring financial income76B€313k-
Financial charges65/66B€1.20M€5k▼
Recurring financial charges65€30k€5k▼
Non-recurring financial charges66B€1.17M-
Profit (loss) for the period before taxes9903€-1.11M€-19k▲
Profit (loss) for the period9904€-1.11M€-19k▲
Profit (loss) for the period to be appropriated9905€-1.11M€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.21M€-2.23M▼
Profit (loss) brought forward from the previous period14P€-1.10M€-2.21M▼
The notes to these accounts (4 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
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €-1.11M ▼2877%
Net result drops to €-1.11M, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after 4 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
16-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 47 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Etterbeek · 1 establishment unit since 2014
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.
Sint-Michielslaan 1231040 EtterbeekGround area
360 m²
Building footprint
206 m²
Volume, LiDAR
3,597 m³
Parcel 21362B0294/00E005, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MAGFORCE INVEST
since 20142.234.652.148
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0294/00E005 | Brussels | 360 m² | 1 · 206 m² | 21.3 m · 6 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 39,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-05-2014
Fiscal year end31-12
Abbreviation FR
MAG.I.C.
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.