Equity
-€13,546
Debts exceed assets in financial year 2025.
MAGG
Lifetime
3 annual accounts with figures on one time axispeak €7,872 (2023)
-€18,203▼ €23,139
lowest -€21,201 (2025)
-€21,201▼ €21,099
peak €7,756 (2023)
-€13,546▼ €21,201
€291,263▲ 62.4%
Board3 names since 2022
2 directorsMOUZON Gauthier Lucien Albin Ghislain and 1 other
Documentsfilings and deeds
25-01-20266 days before the deadline
2025micro format
Gross margin from €4,936 to -€18,203Loss of €21,201Registered office moved from Vedrin to Wépion 28-02Equity from €7,655 to -€13,546Debts from €179,392 to €291,263Investments €14,123
Key points
from the 2025 annual accountsLosses
-€21,302 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€291,263 105% of the balance sheet
Suppliers 45%Taxes and wages 0%Other 55%
Investments
€15,638 6.9 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 1 late
The 2023 accounts came 23 days late. The other two were filed on time.
Position in the sector
-€21,201
Lower net result than 89% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
Turnover not published (micro format)
Checked score
46
Fair
Financially stronger than 10% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%lowest value
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.9%▲ +0.5 percentage points vs 01-2025
03-2025: 2.3%▲ +0.4 percentage points vs 02-2025
04-2025: 2.3%● unchanged vs 03-2025
05-2025: 2.3%● unchanged vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.3%● unchanged vs 06-2025
08-2025: 2.3%● unchanged vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.9%▲ +0.6 percentage points vs 09-2025
11-2025: 3.6%▲ +0.7 percentage points vs 10-2025
12-2025: 3.6%● unchanged vs 11-2025
01-2026: 3.7%▲ +0.1 percentage points vs 12-2025
02-2026: 2.9%▼ -0.8 percentage points vs 01-2026
03-2026: 2.6%▼ -0.3 percentage points vs 02-2026
04-2026: 2.6%● unchanged vs 03-2026
05-2026: 2.6%● unchanged vs 04-2026
06-2026: 2.5%▼ -0.1 percentage points vs 05-2026
07-2026: 2.5%● unchanged vs 06-2026
08-2026: 2.5%● unchanged vs 07-2026
09-2026: 2.5%● unchanged vs 08-2026
10-2026: 3.7%▲ +1.2 percentage points vs 09-2026
11-2026: 3.9%▲ +0.2 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2022
Negative equity -€13,546
lowers risk
Size: total assets €277,717
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 15% of them on solvency, 8% on liquidity, 16% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,555 companies had the same profile as MAGG has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAGG itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,555 companies, not a prediction for MAGG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.88 (0.99 in 2024), below 1. Short-term debt is 104.9% and cash 4.8% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€13,546
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-01-2026, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
6 days early
2024
1 day early
2023
23 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 5 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787641582
Registered office moved from Vedrin to Wépion
Transfer of shares from Gorjon Antoine to Mouzon Gauthier · New registered office: Rue Tienne aux Clochers 118, 5100 Wépion · Previous registered office: Rue du Rond Chêne 113, 5020 Vedrin · General meeting of 02-01-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founders: GORJON Antoine Louis Natan Ghislain and MOUZON Gauthier Lucien Albin Ghislain · Appointments: GORJON Antoine Louis Natan Ghislain (director) and MOUZON Gauthier Lucien Albin Ghislain (director) · published on 28-06-2022 · Gazette deed
First establishment
Rue les Tiennes 118, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAGG Namur | €277,717 | -€18,203 | -4.9% | - |
| VP LEASE Wavre | €222,327 | -€2,119 | 7.4% | - |
| LZ BENELUX Sint-Gillis (bij-Brussel) | €206,156 | -€19,423 | 18.8% | - |
| JVMV Ham-sur-Heure-Nalinnes | €244,859 | -€76,810 | -15.6% | - |
| SEVAN JANSSENS TRADING Veurne | €304,656 | -€9,159 | 11.9% | - |
| Fisto-Trucks Wetteren | €206,126 | €360 | 8.7% | - |
| ACGT17 Kampenhout | €434,014 | -€5,115 | 4.3% | - |
These companies have the same main activity as MAGG: wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711). They are comparable in size and age: total assets between €206,000 and €434,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 24-06-2022Normal situation
- Activity
- Wholesale of cars and light vans (up to 3.5 tonnes)NACE 46711and 9 others
- Establishment unit
- 2.333.103.4855100 Namur, since 24-06-2022
- Financial year end
- 30 June
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-06-2025
- €277,717▲ 48.5%
- Filing
- Filed on 25-01-2026, 6 days before the end of the filing period
Insights on MAGG
MAGG files the micro format. That format states no turnover. The gross margin fell from €7,872 in 2023 to -€18,203 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAGG
- What is the company number of MAGG?
- The company number of MAGG is 0787.641.582. The VAT number is the same number with BE in front: BE 0787.641.582.
- Where is MAGG based?
- The registered office is at Tienne aux Clochers 118, 5100 Namur.Company details
- What does MAGG do?
- According to the KBO register, the main activity is wholesale of cars and light vans (up to 3.5 tonnes) (NACE 46711).
- What is the legal form of MAGG?
- MAGG is a private limited company (BV).
- When was MAGG founded?
- MAGG was founded on 24-06-2022.
- Is MAGG still active?
- Yes, MAGG is an active enterprise in the KBO register.
- What is the turnover of MAGG?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MAGG profitable?
- In financial year 2025, MAGG made a loss of €21,201.
- Where can I find the annual accounts of MAGG?
- MAGG filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAGG due?
- MAGG must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.