MAGIC
ActiveSummary
MAGIC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,715 and a net result of €832. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 531 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+18
Solvency27=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.25 in 2024; short-term debt: 68.1% and cash: 95.4% of total assets), and 98.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
1.9%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 531 sector peers (2025).
NBB · sector comparisonPosition among 531 sector peers
Solvency
better than 14%
← weakest
strongest →
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
29 d late
2023
34 d early
2022
7 d late
2021
47 d early
2020
43 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€832
2024 · -€1,934
Working capital
€207,076▲ 82.9%
2024 · €113,200
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,222€14,230▲ 54.3%-€16,207-€2,619▲ 83.8%-€129▲ 95.1%
Net result€9,858within the sector's middle half€15,062within the sector's middle half▲ 52.8%-€15,445below the sector's middle half-€1,934below the sector's middle half▲ 87.5%€832within the sector's middle half
Equity€16,136below the sector's middle half▲ 123%€30,230within the sector's middle half▲ 87.3%€13,817within the sector's middle half▼ 54.3%€11,883below the sector's middle half▼ 14.0%€12,715below the sector's middle half▲ 7.0%
Total assets€325,069within the sector's middle half▲ 19.8%€469,658above the sector's middle half▲ 44.5%€595,786above the sector's middle half▲ 26.9%€570,376above the sector's middle half▼ 4.3%€664,900above the sector's middle half▲ 16.6%
Debt€308,934▲ 17.0%€439,428▲ 42.2%€581,969▲ 32.4%€558,493▼ 4.0%€652,185▲ 16.8%
Working capital€66,245€223,897▲ 238%€987▼ 99.6%€113,200▲ 11,370%€207,076▲ 82.9%
Solvency5.0%below the sector's middle half▲ 2.3pp6.4%below the sector's middle half▲ 1.5pp2.3%below the sector's middle half▼ 4.1pp2.1%below the sector's middle half▼ 0.2pp1.9%below the sector's middle half▼ 0.2pp
Staff (FTE)7.7below the sector's middle half▼ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €129 in 2025 against €2,619 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664,900
Fixed assets
€5,191 ▼ 42.4%
Current assets
€659,709 ▲ 17.5%
Equity and liabilities €664,900
Equity
€12,715 ▲ 7.0%
Debt
€652,185 ▲ 16.8%
Debt's share of the balance-sheet total rises from 97.9% to 98.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,691▲
2024 · €1,200
Cash flow
€4,652▲
2024 · €1,885
Current ratio
1.46▲
2024 · 1.25
Debt to equity
51.29▲
2024 · 47.00
ROE
6.5%▲
2024 · -16.3%
ROA
0.1%▲
2024 · -0.3%
Interest coverage
12.86▲
2024 · 3.87
Debt ≤ 1 year
€452,633▲
2024 · €448,166
Staff costs
€558,793▲
2024 · €523,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.3%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,214 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €543,575 | €486,837 | €498,282 | €523,631 | €558,793 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,338 | €4,338 | €4,787 | €3,820 | €3,820 | = |
| Other operating charges640/8 | €6,374 | - | - | - | - | - |
| Gross operating margin9900 | €563,510 | €505,405 | €486,862 | €524,832 | €562,484 | ▲ 7.2% |
| Operating profit (loss)9901 | €9,222 | €14,230 | -€16,207 | -€2,619 | -€129 | ▲ 95.1% |
| Financial income75/76B | €968 | €1,165 | €1,097 | €995 | €1,248 | ▲ 25.4% |
| Recurring financial income75 | €968 | €1,165 | €1,097 | €995 | €1,248 | ▲ 25.4% |
| Financial charges65/66B | €333 | €333 | €334 | €310 | €287 | ▼ 7.4% |
| Recurring financial charges65 | €333 | €333 | €334 | €310 | €287 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €9,858 | €15,062 | -€15,445 | -€1,934 | €832 | ▲ 143% |
| Profit (loss) for the period9904 | €9,858 | €15,062 | -€15,445 | -€1,934 | €832 | ▲ 143% |
| Profit (loss) for the period to be appropriated9905 | €9,858 | €15,062 | -€15,445 | -€1,934 | €832 | ▲ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,069 | €469,658 | €595,786 | €570,376 | €664,900 | ▲ 16.6% |
| Fixed assets21/28 | €19,547 | €15,209 | €12,830 | €9,011 | €5,191 | ▼ 42.4% |
| Tangible fixed assets22/27 | €19,547 | €15,209 | €12,830 | €9,011 | €5,191 | ▼ 42.4% |
| Plant, machinery and equipment23 | €15,339 | €12,802 | €10,265 | €7,728 | €5,191 | ▼ 32.8% |
| Furniture and vehicles24 | €4,208 | €2,408 | €2,566 | €1,283 | - | - |
| Current assets29/58 | €305,522 | €454,449 | €582,956 | €561,365 | €659,709 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €5,866 | €7,786 | - | €12,543 | €17,056 | ▲ 36.0% |
| Trade receivables40 | €1,133 | - | - | - | - | - |
| Other amounts receivable41 | €4,733 | €7,786 | - | €12,543 | €17,056 | ▲ 36.0% |
| Cash at bank and in hand54/58 | €291,527 | €440,866 | €574,925 | €539,221 | €634,200 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €8,129 | €5,797 | €8,031 | €9,601 | €8,453 | ▼ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,069 | €469,658 | €595,786 | €570,376 | €664,900 | ▲ 16.6% |
| Equity10/15 | €16,136 | €30,230 | €13,817 | €11,883 | €12,715 | ▲ 7.0% |
| Profit (loss) carried forward14 | €14,200 | €29,262 | €13,817 | €11,883 | €12,715 | ▲ 7.0% |
| Investment grants15 | €1,936 | €968 | - | - | - | - |
| Amounts payable17/49 | €308,934 | €439,428 | €581,969 | €558,493 | €652,185 | ▲ 16.8% |
| Amounts payable within one year42/48 | €239,277 | €230,552 | €581,969 | €448,166 | €452,633 | ▲ 1.0% |
| Trade debts44 | €1,898 | €5,470 | €14,056 | €14,179 | €9,488 | ▼ 33.1% |
| Suppliers440/4 | €1,898 | €5,470 | €14,056 | €14,179 | €9,488 | ▼ 33.1% |
| Taxes, remuneration and social security45 | €83,128 | €64,880 | €66,771 | €87,095 | €96,253 | ▲ 10.5% |
| Taxes450/3 | €15,305 | €13,327 | €11,340 | €12,644 | €13,980 | ▲ 10.6% |
| Remuneration and social security454/9 | €67,823 | €51,553 | €55,431 | €74,451 | €82,274 | ▲ 10.5% |
| Accrued charges and deferred income492/3 | €69,656 | €208,876 | - | €110,328 | €199,552 | ▲ 80.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,858 | €15,062 | -€15,445 | -€1,934 | €832 | ▲ 143% |
| + Depreciation and write-downs630 | €4,338 | €4,338 | €4,787 | €3,820 | €3,820 | = |
| Operating cash flow (approximation) | €14,195 | €19,400 | -€10,657 | €1,885 | €4,652 | ▲ 147% |
| Investment in fixed assets (approximation) | - | €0 | -€2,409 | €0 | €0 | - |
| Change in cash | - | €149,339 | €134,059 | -€35,704 | €94,979 | ▲ 366% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
State Gazette act
Reappointments: Hedwige DE BIOURGE, Isabelle DEMOULIN and 3 othersAppointments: Christophe STENMANS (chair) and Isabelle DEMOULIN (secretary)8 facts ▸
State Gazette act
Reappointments: Hedwige DE BIOURGE, Isabelle DEMOULIN and 3 others
Appointments: Christophe STENMANS (chair) and Isabelle DEMOULIN (secretary)8 facts ▸
- General meeting, 07-05-2026
- Director reappointment, Hedwige DE BIOURGE (director)
- Director reappointment, Isabelle DEMOULIN (director)
- Director reappointment, Barbara DE NAEYER (director)
- Director reappointment, André FAUVILLE (director)
- Director reappointment, Christophe STENMANS (director)
- Director appointment, Christophe STENMANS (chair)
- Director appointment, Isabelle DEMOULIN (secretary)
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €832
Net result €832 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€15,445
Net result drops to -€15,445, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2018net €15,062 ▲52.8%
Operating result €14,230, net result €15,062, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €9,858
Net result €9,858 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26117677). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
Christophe STENMANS
CurrentChair · since 18-09-2026 · Director
André FAUVILLE
CurrentDirector
Barbara DE NAEYER
CurrentDirector
Hedwige DE BIOURGE
CurrentDirector
Isabelle DEMOULIN
CurrentDirector
Other functions 1
Isabelle DEMOULIN
CurrentSecretary · since 18-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2008
Ground area
561 m²
Building footprint
372 m²
Volume, LiDAR
10,228 m³
Parcel 21812N1454/00E010, Brussels · tallest building 37.9 m, ±11 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
MAGIC
since 20082.175.315.961
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1454/00E010 | Brussels | 561 m² | 1 · 372 m² | 37.9 m · 11 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
5 people since 2026, 5 in office
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| André FAUVILLE |
|
| Barbara DE NAEYER |
|
| Christophe STENMANS |
|
| Hedwige DE BIOURGE |
|
| Isabelle DEMOULIN |
|
Structure & network
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 18 entries · 2,059,744 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 13 | 708,075 EUR |
| 2023 | 2 | 697,285 EUR |
| 2022 | 2 | 652,088 EUR |
| 2021 | 1 | 2,295 EUR |
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Of 2,201 companies in sector 88999 we hold annual accounts for 804. 235 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded04-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.