MAGIC
ActiveSummary
MAGIC has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,442 and a net result of €8,188. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 34% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-1984 Normal situation
- Activity
- Retail sale of household textiles and bedding NACE 47512and 5 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.024.383.466 3910 Pelt, since 30-05-2001
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €18,904
- ▲ 198%
- Turnover
- ≈ €200,000
- estimated
- Profit
- €8,188
- Equity
- €9,442
- ▲ 653%
- Total assets
- €61,240
- ▼ 10.8%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskFounded in 1984Size: total assets €61,240Figures for financial year 2025 (filed on 01-04-2026)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 32% of them on solvency, 7% on liquidity, 80% on profitability and 99% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-03-2026 PDF all 42 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €8,469, after a loss of €1,308 in 2024. It is the highest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 0 | 0 | 0 | 0 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.3 | 0.3 | 0.3 | 0.3 |
| Average over the year, in full-time equivalents | 0.3 | 0.3 | 0.3 | 0.3 |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,762 | €1,562 | €788 | €574 | €275 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as MAGIC: retail sale of household textiles and bedding (NACE 47512). They are comparable in size and age: total assets between €40,900 and €93,100, founded between 1982 and 1988.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MAGIC Pelt | 1984 | €61,240 | €9,442 | €18,904 | €8,188 | - | 2025 |
| SAKIZCI Schaarbeek | 1987 | €54,911 | -€50,893 | €18,029 | €5,343 | - | 2025 |
| C.N. TRADING Koekelberg | 1986 | €49,971 | €47,715 | €15,495 | €5,978 | - | 2025 |
| TEXTIEL JEROME Affligem | 1982 | €41,825 | €23,088 | €15,956 | €14,758 | - | 2025 |
| SENDIAM Bonheiden | 1985 | €40,932 | -€25,220 | €20,367 | €12,901 | - | 2025 |
| DURECO Vorst | 1988 | €73,493 | -€239,760 | €27,613 | -€90,161 | 3.6 | 2025 |
| DAVI BLITZ Mouscron | 1987 | €93,062 | €9,348 | €21,621 | -€11,290 | - | 2025 |
They were chosen from the 634 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,818 companies had the same profile as MAGIC has now. Two years later, 1.0% had gone bankrupt and 95.1% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAGIC itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 3,818 companies, not a prediction for MAGIC. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €8,227 | €11,585 | €8,412 | €6,301 | €9,369 | ▲ 48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,229 | €1,443 | €1,487 | €1,762 | €1,562 | €788 | €574 | €275 | ▼ 52.1% |
| Other operating charges640/8 | - | - | - | €691 | €779 | €516 | €770 | €791 | ▲ 2.7% |
| Gross operating margin9900 | €14,545 | €28,079 | €11,676 | €8,638 | €7,646 | €6,681 | €6,336 | €18,904 | ▲ 198% |
| Operating profit (loss)9901 | €1,415 | €15,390 | €4,602 | -€2,042 | -€6,280 | -€3,035 | -€1,308 | €8,469 | - |
| Financial income75/76B | - | - | - | €623 | €748 | €619 | €381 | €853 | ▲ 124% |
| Recurring financial income75 | €724 | €907 | €409 | €623 | €748 | €619 | €381 | €853 | ▲ 124% |
| Financial charges65/66B | - | - | - | €655 | €910 | €980 | €542 | €1,134 | ▲ 109% |
| Recurring financial charges65 | €669 | €623 | €516 | €655 | €910 | €980 | €542 | €1,134 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €1,470 | €15,673 | €4,495 | -€2,074 | -€6,442 | -€3,396 | -€1,469 | €8,188 | - |
| Income taxes67/77 | €207 | €198 | €0 | - | - | - | €0 | €0 | ▲ 200% |
| Profit (loss) for the period9904 | €1,262 | €15,475 | €4,495 | -€2,074 | -€6,442 | -€3,396 | -€1,469 | €8,188 | - |
| Profit (loss) for the period to be appropriated9905 | €1,262 | €15,475 | €4,495 | -€2,074 | -€6,442 | -€3,396 | -€1,469 | €8,188 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €73,219 | €76,304 | €65,851 | €63,032 | €56,190 | €62,381 | €68,674 | €61,240 | ▼ 10.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €4,328 | €3,958 | €5,339 | €3,577 | €2,015 | €1,227 | €653 | €378 | ▼ 42.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €3,949 | €3,580 | €4,961 | €3,199 | €1,637 | €849 | €275 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €2,426 | €1,637 | €849 | €275 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €773 | €0 | - | - | - | - |
| Financial fixed assets28 | €378 | €378 | €378 | €378 | €378 | €378 | €378 | €378 | = |
| Current assets29/58 | €68,892 | €72,346 | €60,511 | €59,455 | €54,175 | €61,154 | €68,021 | €60,862 | ▼ 10.5% |
| Stocks and contracts in progress3 | €67,533 | €66,468 | €59,508 | €56,486 | €52,325 | €60,165 | €67,009 | €59,864 | ▼ 10.7% |
| Stocks30/36 | - | - | - | €56,486 | €52,325 | €60,165 | €67,009 | €59,864 | ▼ 10.7% |
| Amounts receivable within one year40/41 | €70 | €4,528 | €0 | €113 | €226 | €0 | - | - | - |
| Trade receivables40 | - | - | - | €113 | €226 | €0 | - | - | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,289 | €1,351 | €1,003 | €2,857 | €1,624 | €989 | €1,012 | €998 | ▼ 1.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €73,219 | €76,304 | €65,851 | €63,032 | €56,190 | €62,381 | €68,674 | €61,240 | ▼ 10.8% |
| Equity10/15 | -€5,335 | €10,140 | €14,634 | €12,560 | €6,119 | €2,723 | €1,254 | €9,442 | ▲ 653% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €5,995 | €5,995 | €5,995 | €5,995 | €5,995 | €5,995 | €5,995 | €5,995 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €4,136 | €4,136 | €5,995 | €5,995 | €5,995 | = |
| Profit (loss) carried forward14 | -€31,331 | -€15,856 | -€11,361 | -€13,435 | -€19,877 | -€23,273 | -€24,742 | -€16,553 | ▲ 33.1% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €78,554 | €66,164 | €51,216 | €50,472 | €50,072 | €59,658 | €67,420 | €51,798 | ▼ 23.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €78,554 | €66,081 | €51,216 | €50,472 | €49,992 | €59,658 | €67,420 | €51,798 | ▼ 23.2% |
| Financial debts43 | - | - | - | - | €1,833 | €2,975 | €4,214 | €2,414 | ▼ 42.7% |
| Credit institutions430/8 | - | - | - | - | €1,833 | €2,975 | €4,214 | €2,414 | ▼ 42.7% |
| Trade debts44 | €11,814 | €6,194 | €14,048 | €4,136 | €9,499 | €10,116 | €13,992 | €3,951 | ▼ 71.8% |
| Suppliers440/4 | - | - | - | €4,136 | €9,499 | €10,116 | €13,992 | €3,951 | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | - | - | €7,336 | €7,726 | €6,971 | €6,416 | €7,603 | ▲ 18.5% |
| Taxes450/3 | - | - | - | €4,671 | €4,390 | €4,293 | €4,279 | €4,871 | ▲ 13.8% |
| Remuneration and social security454/9 | - | - | - | €2,664 | €3,336 | €2,679 | €2,137 | €2,732 | ▲ 27.9% |
| Other amounts payable47/48 | - | - | - | €39,000 | €30,934 | €39,596 | €42,797 | €37,830 | ▼ 11.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €80 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,262 | €15,475 | €4,495 | -€2,074 | -€6,442 | -€3,396 | -€1,469 | €8,188 | - |
| + Depreciation and write-downs630 | €1,229 | €1,443 | €1,487 | €1,762 | €1,562 | €788 | €574 | €275 | ▼ 52.1% |
| Operating cash flow (approximation) | €2,491 | €16,918 | €5,982 | -€312 | -€4,880 | -€2,608 | -€895 | €8,463 | - |
| Investment in fixed assets (approximation) | - | -€1,074 | -€2,869 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €62 | -€348 | €1,853 | -€1,232 | -€636 | €23 | -€14 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-03-2026 | 2026-00069534 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00322352 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00353827 | |
| 31-12-2022 | micro format | 04-06-2023 | 2023-00109812 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20186338 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16400027 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40300380 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45400544 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-47900121 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-35700458 |
Board & ownership
Directors
Owners and capital
Shareholders
- enige aandeelhouder all shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Onbepaalde duur, voorzitter benoemd door algemene vergadering met gewone meerderheid van stemmen”
Articles of association, deed of 09-01-2024 (in Dutch)
Network & group
MAGIC shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MAGIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-01
Gazette deed
Reappointment: VRANCKEN Annita (director)Legal form clause · Registered office clause · Amendment of the articles11 points ▸
- General meeting, 21-12-2023
- Legal form clause, “dwingende bepalingen en aanvullende bepalingen waarvan statuten niet afwijken automatisch van toepassing sedert 2020-01-01, besloten vennootschap” (deed in Dutch)
- Registered office clause, “schrapping adres van zetel in statuten, inwerkingtreding Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Amendment of the articles, 2
- Capital conversion, “artikel 39,§2,tweede lid wet van 2019-03-23 tot invoering van Wetboek van Vennootschappen en Verenigingen, schrapping artikel 5 van statuten” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Transfer restriction, “aanpassing overdrachtsregeling van aandelen, achtste besluit hierna” (deed in Dutch)
- Director reappointment, VRANCKEN Annita (director (not named in the articles))
- Power of attorney
- Other provision, “coördinatie statuten, akkoord dat coördinatie desgevallend wordt opgesteld en ondertekend door ondergetekende notaris” (deed in Dutch)
- enige aandeelhouder holds all the shares
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72025E0082/00T000 | Flanders | 1,197 m² | 1 · 12 m² | 5.9 m · 1 |