MAGI PROJECTS
ActiveSummary
MAGI PROJECTS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,152 and a net result of -€630. Its solvency ranks better than 63% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €17,152
- Loss
- -€630
Why 69raises riskFounded in 2023Liquidity: current ratio 1.86, cash €793lowers riskSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 07-07-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 62% on solvency, 19% on liquidity, 29% on profitability and 36% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 27 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointments: Van de Peer, Glen…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €630 in 2025 against €2,217 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 91.7% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,146 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Gross operating margin9900 | -€2,217 | -€630 | ▲ 71.6% |
| Operating profit (loss)9901 | -€2,217 | -€630 | ▲ 71.6% |
| Profit (loss) for the period before taxes9903 | -€2,217 | -€630 | ▲ 71.6% |
| Profit (loss) for the period9904 | -€2,217 | -€630 | ▲ 71.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,217 | -€630 | ▲ 71.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €37,783 | €37,152 | ▼ 1.7% |
| Current assets29/58 | €37,783 | €37,152 | ▼ 1.7% |
| Stocks and contracts in progress3 | €29,853 | €29,853 | = |
| Contracts in progress37 | €29,853 | €29,853 | = |
| Amounts receivable within one year40/41 | €6,506 | €6,506 | = |
| Other amounts receivable41 | €6,506 | €6,506 | = |
| Cash at bank and in hand54/58 | €1,424 | €793 | ▼ 44.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €37,783 | €37,152 | ▼ 1.7% |
| Equity10/15 | €17,783 | €17,152 | ▼ 3.5% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€2,217 | -€2,848 | ▼ 28.4% |
| Amounts payable17/49 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €20,000 | €20,000 | = |
| Other amounts payable47/48 | €20,000 | €20,000 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,217 | -€630 | ▲ 71.6% |
| Operating cash flow (approximation) | -€2,217 | -€630 | ▲ 71.6% |
| Change in cash | - | -€630 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00261855 |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00225400 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DOCKX Marc Constant Johan |
|
| Van de Peer, Glen |
|
Owners and capital
Capital and shareholders
- Van de Peer, Glen founder
- DOCKX HOLDING (BE 0894.451.153) founder
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 21-08-2023 Incorporation · €20,000
Group and network
Connections & network
8 connected companiesShow 4 more companies with a shared director
History
MAGI PROJECTS was incorporated on 17 August 2023 as a private limited company by DOCKX HOLDING and one natural person, with a starting capital of €20,000.12 The board currently has 2 members; 2 of them have served since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
21-08
Gazette deed
IncorporationAppointments: Van de Peer, Glen (director) and Dockx, Marc Constant Johan (director) · Founder · Founding capital12 facts ▸
- Founder, Van de Peer, Glen
- Founder, DOCKX HOLDING
- Other provision, “gedelegeerd bestuurder, vertegenwoordiging oprichter bij oprichting” (deed in Dutch)
- Incorporation, 16-08-2023
- Founding capital, €20,000
- Registered office clause, “2240 Zandhoven, Antwerpsebaan 12 A” (deed in Dutch)
- Board rule, 2
- Director appointment, Van de Peer, Glen (director (not named in the articles))
- Director appointment, Dockx, Marc Constant Johan (director (not named in the articles))
- Power of attorney, Van de Peer, Glen (bijzondere gevolmachtigde gelast met dagelijks bestuur)
- Power of attorney, Dockx, Marc Constant Johan (bijzondere gevolmachtigde gelast met dagelijks bestuur)
- Other provision, “prijs dienstverlening volmacht, voldoende ingelicht over prijs” (deed in Dutch)
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.849.976
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11054B0485/02E000 | Flanders | 2,606 m² | 1 · 212 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken,als algemene aannemer of in onderaanneming,het ontwerp en…” (deed in Dutch)
28 activities (deed in Dutch)
- De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken,als algemene aannemer of in onderaanneming,het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels,de studie en de uitvoering van binnen- en buitendecoraties.
- Het verstrekken van advies en bijstand,zowel technisch als administratief en commercieel,aan vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen.
- Het verwerven van alle mogelijke terreinen,het bouwen van openbare en particuliere gebouwen,de aankoop,de verkoop,de verhuur,de verdeling en de verkaveling van alle mogelijke onroerende goederen.
- Al de werkzaamheden met betrekking tot de verdeling van water,gas,elektriciteit,enzovoort.
- De vaststelling en exploitatie van alle mogelijke transportmiddelen,havens,kanalen,wegen,enzovoort.
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van kunstwerken en gebouwen.
- Het aanleggen,het oordeelkundig uitbouwen,het beheren en verhandelen van een onroerend vermogen.
- Alle verrichtingen,studies en operaties met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de aanpassing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- Het coördineren van allerhande bouwwerken.
- Het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen.
- Het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investeringen.
- Het toestaan van leningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten,behalve deze die wettelijk zijn voorbehouden aan de krediet- en financiële instellingen.
- Het waarnemen van alle bestuurs- en controleopdrachten,het uitoefenen van opdrachten en functies.
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit,alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen.
- Hetzij voor eigen rekening,hetzij voor rekening van derden of bij deelneming,alle hoegenaamde roerende en onroerende verrichtingen te doen,namelijk te kopen,verkopen,huren en verhuren,laten bouwen,verbouwen,het uitbaten en het in waarde brengen van eigendommen en gronden,alsmede het ontwikkelen en realiseren van verkavelingen en andere onroerende projecten.
- Projectontwikkeling,toezicht op en coördinatie bij bouwwerkzaamheden.
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
- Projectontwikkeling voor de bouw van appartementsgebouwen en kantoorgebouwen
- Projectontwikkeling voor de aanleg of renovatie van stadswijken
- Projectontwikkeling voor de bouw of de aanleg van commerciële,en industriële centra,hotels,industriezones en markten,jachthavens,wintersportcentra,enzovoort.
- Projectontwikkeling met het oog op de verhuur van woningen door huisvestingsmaatschappijen en maatschappijen voor goedkope woningen.
- Het uitvoeren van alle infrastructuur- en uitrustingswerken van gronden met het oog op de verkaveling en de valorisatie ervan.
- De coördinatie van alle bouw- en verbouwingswerken met hun binnenhuisinrichting en voltooiing.
- Het uitvoeren van studies,schattingen,expertisen voor gronden,gebouwen en installaties.
- Projectontwikkeling,handel in,verhuur van en het beheer van eigen onroerende goederen voor eigen rekening.
- Bemiddeling in en beheer van onroerende goederen voor rekening van derden,alsmede de aan- en verkoop en verhuur van onroerende goederen voor rekening van derden voor een vast bedrag of op contractbasis.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAGI PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, kan bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, één of meer personen natuurlijk of rechtspersoon” (deed in Dutch)“Al dan niet ten kosteloze titel, vergoeding bestuurders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Intrinsieke waarde, lottrekking bij geen perfect evenredige verdeling” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of May at 18:00