MAGI
ActiveMAGI has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.17M and a net result of €174k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 1024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-73
Solvency50▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.57 in 2024), and 61.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.9%
Return on assets
2.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
7 d early
2022
59 d late
2021
6 d early
2020
21 d late
2019
63 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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.17M▲ 5.8%
2024 · €3.00M
2018: €546k
2019: €668k
2020: €799k
2021: €808k
2022: €1.56M
2023: €1.75M
2024: €3.00M
2018 → 2025
Total assets
€8.15M▲ 12.1%
2024 · €7.27M
2018: €2.17M
2019: €3.69M
2020: €3.37M
2021: €3.55M
2022: €5.57M
2023: €6.24M
2024: €7.27M
2018 → 2025
Net result
€174k▼ 86.1%
2024 · €1.25M
2018: €36k
2019: €183k
2020: €131k
2021: €9k
2022: €751k
2023: €190k
2024: €1.25M
2018 → 2025
Working capital
€-1.18M▼ 121%
2024 · €-534k
2018: €-456k
2019: €-97k
2020: €-171k
2021: €-289k
2022: €-1.06M
2023: €-789k
2024: €-534k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€808k-€1.56M▲ 93.0%€1.75M▲ 12.2%€3.00M▲ 71.3%€3.17M▲ 5.8%
Operating result€83k-€1.03M▲ 1,147%€349k▼ 66.1%€1.90M▲ 444%€332k▼ 82.5%
Net result€9k-€751k▲ 8,493%€190k▼ 74.7%€1.25M▲ 556%€174k▼ 86.1%
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 falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.15M
Fixed assets
€7.42M▲ 12.8%
Current assets
€732k▲ 4.7%
Equity and liabilities €8.15M
Equity
€3.17M▲ 5.8%
Provisions
€388k▼ 4.8%
Debt
€4.59M▲ 18.7%
The debt ratio rises from 53.2% to 56.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€878k▼
2024 · €2.16M
Cash flow
€720k▼
2024 · €1.50M
Solvency
38.9%▼
2024 · 41.2%
Current ratio
0.38▼
2024 · 0.57
Quick ratio
0.38▼
2024 · 0.57
Debt / equity
1.45▲
2024 · 1.29
ROE
5.5%▼
2024 · 41.6%
ROA
2.1%▼
2024 · 17.1%
Interest coverage
5.71▼
2024 · 12.41
Debt
€4.59M▲
2024 · €3.87M
Debt ≤ 1 year
€1.91M▲
2024 · €1.23M
Debt > 1 year
€2.62M▲
2024 · €2.59M
Income taxes
€24k▼
2024 · €249k
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€7.27M€8.15M▲
Fixed assets21/28€6.57M€7.42M▲
Intangible fixed assets21€345k€345k=
Tangible fixed assets22/27€2.81M€3.87M▲
Land and buildings22€2.26M€2.49M▲
Plant, machinery and equipment23€44k€1.05M▲
Furniture and vehicles24€13k€8k▼
Leasing and similar rights25€487k€331k▼
Other tangible fixed assets26€0-
Financial fixed assets28€3.42M€3.20M▼
Current assets29/58€699k€732k▲
Amounts receivable within one year40/41€302k€502k▲
Trade receivables40€0€55k▲
Other amounts receivable41€302k€446k▲
Cash at bank and in hand54/58€396k€228k▼
Deferred charges and accrued income490/1€691€2k▲
Equity and liabilities
Total equity and liabilities10/49€7.27M€8.15M▲
Equity10/15€3.00M€3.17M▲
Contributions10/11€19k€19k=
Reserves13€2.98M€3.15M▲
Tax-exempt reserves132€1.22M€1.16M▼
Distributable reserves133€1.75M€1.99M▲
Provisions and deferred taxes16€407k€388k▼
Deferred taxes168€407k€388k▼
Amounts payable17/49€3.87M€4.59M▲
Amounts payable after more than one year17€2.59M€2.62M▲
Financial debts170/4€2.59M€2.62M▲
Amounts payable within one year42/48€1.23M€1.91M▲
Current portion of amounts payable after more than one year42€354k€589k▲
Trade debts44€46k€115k▲
Suppliers440/4€46k€115k▲
Taxes, remuneration and social security45€141k€27k▼
Taxes450/3€141k€27k▼
Other amounts payable47/48€692k€1.18M▲
Accrued charges and deferred income492/3€49k€58k▲
Income statement
Code20242025
Non-recurring operating income76A-€646k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€256k€546k▲
Other operating charges640/8€6k€15k▲
Non-recurring operating charges66A€20k€0▼
Gross operating margin9900€2.18M€893k▼
Operating profit (loss)9901€1.90M€332k▼
Financial income75/76B-€41
Recurring financial income75-€41
Financial charges65/66B€174k€154k▼
Recurring financial charges65€174k€154k▼
Profit (loss) for the period before taxes9903€1.73M€178k▼
Transfer from deferred taxes780€17k€19k▲
Transfer to deferred taxes680€246k€0▼
Income taxes67/77€249k€24k▼
Profit (loss) for the period9904€1.25M€174k▼
Transfer from tax-exempt reserves789€50k€58k▲
Transfer to tax-exempt reserves689€738k€0▼
Profit (loss) for the period to be appropriated9905€558k€232k▼
Appropriation of the result
Profit (loss) to be appropriated9906€558k€232k▼
Transfer to equity691/2€558k€232k▼
To other reserves6921€558k€232k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (28 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.25M ▲556%
Operating result €1.90M, net result €1.25M, both a record.
31-12
Financial
Equity above €2MEq €3.00M ▲71.3%
7 profitable years in a row build equity to €3.00M.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Equity above €1MEq €1.56M ▲93%
5 profitable years in a row build equity to €1.56M.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €9k ▼93.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 21 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 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, Torhout · 1 establishment unit since 1997
Ground area
3,067 m²
Building footprint
1,222 m²
Parcel 31523E0487/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
DECORATIEBEDRIJF MAGI BVBA
since 19972.079.869.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0487/00D000 | Flanders | 3,066 m² | 1 · 1,222 m² | - |
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.
Similar companies · same sector, comparable size
WINDOWMAKERS
BE 0867.699.147
Ravels · Eq €3.19M
MATTHYS
BE 0447.957.678
Lo-Reninge · Eq €3.19M
TSK Industriebouw
BE 0810.133.706
Hoogstraten · Eq €3.21M
VAN EYCKEN METAL CONSTRUCTION
BE 0411.941.776
Tienen · Eq €3.21M
BAYART
BE 0451.790.663
Kortrijk · Eq €3.22M
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 849 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-1997
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
43331Floor and wall tiling
43341Painting of buildings
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.