Equity
€208,361 ▲ 4.2%
MAGI CONSTRUCT has made a profit without a break since 2015.
MAGI CONSTRUCT
Lifetime
16 annual accounts with figures on one time axispeak €1.1m (2023)
€352,786▼ 14.7%
lowest -€623 (2014)
€8,492▼ 88.4%
peak €208,361 (2025)
€208,361▲ 4.2%
€448,293▼ 47.6%
peak 7.6 FTE (2022)
5.9 FTE▲ 1.7%
Board1 name since 2019
1 directorMAGI
Owners
100%MAGI
Documentsfilings and deeds
13-01-202618 days before the deadline
2025abbreviated format
Gross margin from €413,624 to €352,786Result from €73,368 to €8,492Debts from €855,169 to €448,293
Key points
from the 2025 annual accountsResult
€8,492 ▼ 88.4%
The result fell in 2025 from €73,368 to €8,492.
Turnover
≈ €830,000 estimated
The abbreviated format states no turnover.
Investments
€15,633 3.2 × depreciation
Green is investment, beige is depreciation.
Staff
5 employees on 30-06-2025
In 2025, 2 people joined and 3 left.
Filings
16 annual accounts since 2010
Two of the last ten came late. The 2019 accounts came latest: 26 days after the end of the period.
Checked score
67
Healthy
Financially stronger than 31% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024highest value
02-2025: 0.9%▼ -1.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 1.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.2%▲ +0.2 percentage points vs 10-2025
12-2025: 1.4%▲ +0.2 percentage points vs 11-2025
01-2026: 1.6%▲ +0.2 percentage points vs 12-2025
02-2026: 0.7%▼ -0.9 percentage points vs 01-2026lowest value
03-2026: 0.7%● unchanged vs 02-2026lowest value
04-2026: 0.7%● unchanged vs 03-2026lowest value
05-2026: 0.7%● unchanged vs 04-2026lowest value
06-2026: 0.7%● unchanged vs 05-2026lowest value
07-2026: 0.7%● unchanged vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.9%▲ +0.2 percentage points vs 09-2026
11-2026: 0.8%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Size: 5.9 FTE, total assets €656,654
lowers risk
Liquidity: current ratio 1.49, cash €115,762
Figures for financial year 2025 (filed on 13-01-2026)
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 25, micro). It does better than 34% of them on solvency, 23% on liquidity, 18% on profitability and 48% 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 low class on 30-06-2025, 0.8% 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, 10,904 companies had the same profile as MAGI CONSTRUCT has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAGI CONSTRUCT itself: 0.8% 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 10,904 companies, not a prediction for MAGI CONSTRUCT. 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
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.49 (1.13 in 2024), below the usual 1.5. Short-term debt is 66.6% and cash 17.6% of total assets. 68.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 13-01-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
7 days early
2023
on the day
2022
on the day
2021
on the day
2020
26 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 31 January (5 of the last 5 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 0208:0809523101
Registered office moved from Jabbeke to Torhout
New registered office: Ringaertstraat 12, 8820 Torhout · Previous registered office: Oude Stokerijstraat 27, 8490 Jabbeke · Board meeting of 04-11-2024 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAGI CONSTRUCT Torhout | €0.7m | €352,786 | 31.7% | 5.9 |
| LW CONSTRUCT Ypres | €1.1m | €301,430 | 44.8% | 6.9 |
| STR Schweisstechnik ROTHEUDT Eupen | €0.8m | €397,901 | 56.0% | 6.2 |
| MEUWES LASWERKEN Heusden-Zolder | €0.5m | €391,806 | -30.4% | 6 |
| VR MACHINING Burdinne | €0.6m | €424,304 | 38.9% | 7.5 |
| FREMATT Hoogstraten | €0.5m | €453,241 | 19.2% | 6 |
| Vanbael Construct & Maintenance Beringen | €0.5m | €220,689 | 71.4% | 5.9 |
These companies have the same main activity as MAGI CONSTRUCT: machining of metals (NACE 25530). They are comparable in size and age: total assets between €511,000 and €1.1m, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 29-01-2009Normal situation
- Activity
- Machining of metalsNACE 25530and 1 other
- Establishment unit
- 2.238.575.4038820 Torhout, since 01-08-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 08-12-2025
Annual accounts to 30-06-2025
- €656,654▼ 37.8%
- Employeeson 30-06-2025
- 5▼ 16.7%
- Filing
- Filed on 13-01-2026, 18 days before the end of the filing period
Insights on MAGI CONSTRUCT
MAGI CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €141,691 in 2010 to €352,786 in 2025.
MAGI holds all the shares.
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 MAGI CONSTRUCT
- What is the company number of MAGI CONSTRUCT?
- The company number of MAGI CONSTRUCT is 0809.523.101. The VAT number is the same number with BE in front: BE 0809.523.101.
- Where is MAGI CONSTRUCT based?
- The registered office is at Ringaertstraat 12, 8820 Torhout.Company details
- What does MAGI CONSTRUCT do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of MAGI CONSTRUCT?
- MAGI CONSTRUCT is a private limited company (BV).
- When was MAGI CONSTRUCT founded?
- MAGI CONSTRUCT was founded on 29-01-2009.
- Is MAGI CONSTRUCT still active?
- Yes, MAGI CONSTRUCT is an active enterprise in the KBO register.
- How many employees does MAGI CONSTRUCT have?
- MAGI CONSTRUCT had an average of 5.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MAGI CONSTRUCT?
- The turnover in financial year 2025 is ≈ €830,000. This figure is estimated from the gross margin of €352,786 and 2,275 comparable companies of the same size. It probably lies between €500,000 and €1.4m. It is a rough estimate.
- Is MAGI CONSTRUCT profitable?
- In financial year 2025, MAGI CONSTRUCT made a profit of €8,492.
- Where can I find the annual accounts of MAGI CONSTRUCT?
- MAGI CONSTRUCT filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAGI CONSTRUCT due?
- MAGI CONSTRUCT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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