MAGIC
InactiveMAGIC was declared bankrupt on 19-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 21-01-2025, published in the Belgian State Gazette on 27-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-08-2021, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
24 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€116,812
EBIT margin
0.1%
Net result
€3,962▲ 1,034%
2019 · €349
Working capital
-€14,635▼ 17.0%
2019 · -€12,507
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€116,812-
Operating result€145-€2,612▲ 1,700%€4,207▲ 61.0%
Net result-€614-€349€3,962▲ 1,034%
EBIT margin0.1%-
Equity-€12,301--€11,952▲ 2.8%-€7,990▲ 33.1%
Total assets€48,525-€23,421▼ 51.7%€35,525▲ 51.7%
Debt€60,826-€35,373▼ 41.8%€43,515▲ 23.0%
Working capital-€15,617--€12,507▲ 19.9%-€14,635▼ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 61% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €35,525
Fixed assets
€8,000 ▼ 58.7%
Current assets
€27,525 ▲ 580%
Key figures and ratios
EBITDA
€5,274▼
2019 · €16,013
Cash flow
€5,029▼
2019 · €13,750
Solvency
-22.5%▲
2019 · -51.0%
Current ratio
0.65▲
2019 · 0.24
ROA
11.2%▲
2019 · 1.5%
Debt ≤ 1 year
€42,160▲
2019 · €16,552
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €116,812 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,647 | €13,400 | €1,067 | ▼ 92.0% |
| Gross operating margin9900 | €24,668 | €20,467 | €7,572 | ▼ 63.0% |
| Operating profit (loss)9901 | €145 | €2,612 | €4,207 | ▲ 61.0% |
| Recurring financial charges65 | €760 | €1,782 | €245 | ▼ 86.2% |
| Profit (loss) for the period before taxes9903 | -€614 | €830 | €3,962 | ▲ 377% |
| Income taxes67/77 | - | €481 | - | - |
| Profit (loss) for the period9904 | -€614 | €349 | €3,962 | ▲ 1,034% |
| Profit (loss) for the period to be appropriated9905 | -€614 | €349 | €3,962 | ▲ 1,034% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48,525 | €23,421 | €35,525 | ▲ 51.7% |
| Fixed assets21/28 | €32,776 | €19,375 | €8,000 | ▼ 58.7% |
| Tangible fixed assets22/27 | €27,526 | €14,125 | €2,750 | ▼ 80.5% |
| Financial fixed assets28 | €5,250 | €5,250 | €5,250 | = |
| Current assets29/58 | €15,749 | €4,045 | €27,525 | ▲ 580% |
| Stocks and contracts in progress3 | €484 | €484 | - | - |
| Amounts receivable within one year40/41 | €7,289 | €3,158 | €27,192 | ▲ 761% |
| Cash at bank and in hand54/58 | €6,831 | €286 | €6 | ▼ 98.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48,525 | €23,421 | €35,525 | ▲ 51.7% |
| Equity10/15 | -€12,301 | -€11,952 | -€7,990 | ▲ 33.1% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€20,361 | -€20,012 | -€16,050 | ▲ 19.8% |
| Amounts payable17/49 | €60,826 | €35,373 | €43,515 | ▲ 23.0% |
| Amounts payable after more than one year17 | €22,115 | €6,955 | - | - |
| Amounts payable within one year42/48 | €31,366 | €16,552 | €42,160 | ▲ 155% |
| Trade debts44 | €10,957 | €5,482 | €34,157 | ▲ 523% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€614 | €349 | €3,962 | ▲ 1,034% |
| + Depreciation and write-downs630 | €13,647 | €13,400 | €1,067 | ▼ 92.0% |
| Operating cash flow (approximation) | €13,033 | €13,750 | €5,029 | ▼ 63.4% |
| Investment in fixed assets (approximation) | - | €0 | €10,309 | - |
| Change in cash | - | -€6,546 | -€280 | ▲ 95.7% |
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
2025
27-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 21-01-2025
2023
25-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-10-2023
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €3,962 ▲1,034%
Operating result €4,207, net result €3,962, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Back to profitnet €349
Net result €349 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 54 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
19-10-2023 → 21-01-2025 |