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MAGIC

Inactive KBO/BCE: BE 0567.950.044
MAGIC
Follow Report

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €24,668 (2018)
€7,572▼ 63.0%
lowest -€17,333 (2017)
€3,962▲ 11×
peak €18,606 (2015)
-€7,990▲ €3,962
€43,515▲ 23.0%
Board3 names since 2019
- 
Documentsfilings and deeds
24-08-202124 days late
2020micro format
Gross margin from €20,467 to €7,572Result from €349 to €3,962Resignation: Basaran Faruk (director) 04-09Equity from -€11,952 to -€7,990Debts from €35,373 to €43,515Cash from €286 to €6

Key points

from the 2020 annual accounts, the last ones filed

Debts

€43,515 122% of the balance sheet
After one year 3%Within one year 97%

Of this, €42,160 falls due within a year.

Liquidity

0.65 was 0.24 in 2019

Short-term debts rose from €16,552 to €42,160.

Filings

6 annual accounts 6 late
AprilJune31 JulyOctober201620182020

The 2015 accounts came latest: 54 days after the end of the period.

No score

Board and ownership

last known board
BF
Basaran Faruk
Manager, until 2020
OM
Oulkadi Mostafa
Director, last mentioned in 2020
Board & ownership

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Hasselt division · judgment of 21-01-2025 · Bankruptcy
Bankruptcy published Enterprise Court of Antwerp, Hasselt division · judgment of 19-10-2023 · Bankruptcy
Judicial dissolution, liquidator appointed Enterprise Court of Antwerp, Hasselt division · Geeraert Vincent · judgment of 05-10-2023 · Bankruptcy
Resignation: Basaran Faruk (director) Appointment: Oulkadi Mostafa (director) · General meeting of 14-08-2020 · Gazette deed
All 14 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 21-11-2014 · bankruptcy closed on 21-01-2025
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2020

€7,572▼ 63.0%
≈ €58,000estimated
€3,962▲ 11×
-€7,990▲ 33.1%
€35,525▲ 51.7%
Filing
Filed on 24-08-2021
Financials

Insights on MAGIC

Equity fell from €18,606 in 2015 to -€7,990 in 2020, while debts rose from €33,250 to €43,515.

On 19 October 2023 the court declared MAGIC bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2020

micro format, filed on 24-08-2021, 24 days late
€7,572
▼ 63.0%
€4,207
▲ 61.0%
€5,274
▼ 67.1%
€5,029
▼ 63.4%
-22.5%
▲ 28.5 percentage points
0.65
▲ 0.41

Money flows

no detail for 2020

Balance sheet

balance sheet total €35,525 on 31-12-2020
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202020192018201720162015
Balance sheet: assets
20/58 35,52523,42148,52561,48778,30351,856
21/28 8,00019,37532,77644,31658,07315,238
22/27 2,75014,12527,52639,06652,8239,988
23 8421,5612,6761,7212,4521,695
24 1,9071,6061,9322,3783,3554,022
26 --1,0002,0913,1814,272
28 5,2505,2505,2505,2505,2505,250
29/58 27,5254,04515,74917,17120,23136,617
3 -4844845637235,424
30/36 -4844845637235,424
40/41 27,1923,1587,28912,5554,59012,669
40 21,519-7,28911,0191,28611,970
41 5,6733,15801,5363,303699
54/58 62866,8312,06112,62618,479
490/1 3281181,1451,9922,29245
Balance sheet: equity and liabilities
10/49 35,52523,42148,52561,48778,30351,856
10/15 -7,990-11,952-12,301-11,6875,64618,606
10/11 6,2006,2006,2006,2006,2006,200
100 -18,60018,60018,60018,60018,600
101 -12,40012,40012,40012,40012,400
13 1,8601,8601,8601,8601,8601,860
130/1 1,860-----
130 -1,8601,8601,8601,8601,860
1311 1,860-----
14 -16,050-20,012-20,361-19,747-2,41410,546
17/49 43,51535,37360,82673,17472,65733,250
17 -6,95522,11530,34339,2953,500
170/4 -6,95522,11530,34339,2953,500
42/48 42,16016,55231,36635,24431,24429,750
42 -8,3918,2288,0687,911-
44 34,1575,48210,95712,2053,7485,353
440/4 34,1575,48210,95712,2053,7485,353
45 4412,6792,7302,2533,0527,295
450/3 4412,6791,9301,4532,2526,495
454/9 --800800800800
47/48 7,563-9,45112,71816,53317,102
492/3 1,35511,8657,3457,5872,118-
Income statement
70 --116,81263,491120,836129,994
9900 7,57220,46724,6683,19513,46423,517
60/61 --98,38666,810110,740106,477
62 --3,630000
630 1,06713,40013,64713,75613,8052,631
640/8 7164,4557,2465,9543,3781,932
649 ----0-
66A 1,582---8,553-
9901 4,2072,612145-16,516-12,27118,954
75/76B -----15
75 -----15
65/66B 2451,78276081755268
65 2451,78276081755268
9903 3,962830-614-17,333-12,82318,901
67/77 -481--01376,495
9904 3,962349-614-17,333-12,96012,406
9905 3,962349-614-17,333-12,96012,406
Appropriation of the result
9906 -16,050-20,012-20,361-19,747-2,41412,406
691/2 -----1,860
6920 -----1,860
Document PDFPDFPDFPDFPDFPDF

Source: Annual accounts 2020 (PDF), filed on 24-08-2021.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 24 days after the deadline. Filed on 24 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-52400214.

Financial year Type Filed Reference Document
31-12-2020 micro format 24-08-2021 2021-52400214 PDF
31-12-2019 micro format 14-09-2020 2020-53100299 PDF
31-12-2018 micro format 12-08-2019 2019-46700514 PDF
31-12-2017 micro format 28-08-2018 2018-52400287 PDF
31-12-2016 abbreviated format 31-08-2017 2017-59700064 PDF
31-12-2015 abbreviated format 23-09-2016 2016-61300314 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202020192018201720162015
5,27416,01313,792-2,7601,53421,585
5,02913,75013,033-3,57784515,038
65002,106-056,63917,870
-280-6,5464,771-10,565-5,853-
-14,635-12,507-15,617-18,073-11,0136,868
--0.1%-26.0%-10.2%14.6%
-22.5%-51.0%-25.4%-19.0%7.2%35.9%
0.650.240.500.490.651.23
0.650.220.490.470.621.05
----12.871.79
-----229.5%66.7%
11.2%1.5%-1.3%-28.2%-16.6%23.9%
--23 days63 days4 days34 days
--41 days67 days12 days18 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MAGIC

The operating result for 2020 is 61% higher than in 2019 and the highest since 2015. It is the third rise in a row, after the fall in 2017.

Equity is negative. Debt (€43,515) exceeds the balance-sheet total (€35,525).

Board & ownership

Curator

1 mandate
Vincent Geeraert
Curator, Prins Bisschopssingel 31, 3500 Hasselt
from 19-10-2023 to 21-01-2025
Also on 128 other cases

Mandates through the years

3 names, the dashed line is today
Oulkadi Mostafa
Director
Basaran Faruk
Manager (not named in the articles)
Zaroili Najat
Manager
Earliermandate already running before its first mentionend not datedBankruptcy 19-10-2023
Mandates as a list
  • Oulkadi Mostafa
    • Director, appointed by deed of 04-09-2020, last mentioned in 2020
  • Basaran Faruk
    • Manager (not named in the articles), appointed by deed of 12-07-2019, until 14-08-2020
  • Zaroili Najat
    • Manager, until 23-04-2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€6,200
Source
2019 annual accounts

Office holders in the KBO →

Timeline

Timeline

14 events since 2014
2025
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Hasselt division · judgment of 21-01-2025
2023
Bankruptcy published Enterprise Court of Antwerp, Hasselt division · judgment of 19-10-2023
Judicial dissolution, liquidator appointed Enterprise Court of Antwerp, Hasselt division · Geeraert Vincent · judgment of 05-10-2023
2021
Annual accounts 2020 filed PDFmicro format · 24 days late
2020
Annual accounts 2019 filed PDFmicro format · 45 days late
Resignation: Basaran Faruk (director)Appointment: Oulkadi Mostafa (director) · General meeting of 14-08-20203 points ▸

Open the deed in the Belgian Official Gazette

2019
Back to profit net €349 The net result is €349, after 3 loss-making years.
Annual accounts 2018 filed PDFmicro format · 12 days late
New managerBasaran Faruk appointed, Zaroili Najat resigned · Director discharge: Zaroili Najat · General meeting of 23-04-20194 points ▸
  • General meeting, 23-04-2019
  • Director resignation, Zaroili Najat (manager)
  • Director discharge, Zaroili Najat
  • Director appointment, Basaran Faruk (manager (not named in the articles))
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2017 filed PDFmicro format · 28 days late
2017
Weakest financial year net -€17,333 The net result drops to -€17,333, the lowest from 2015 to 2020.
Annual accounts 2016 filed PDFabbreviated format · 31 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 54 days late
2014
Incorporation PDF7 publications in the Belgian Official Gazette, the last on 04-09-2020

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Total assets went from €48,525 in 2018 to €35,525 in 2020.1 MAGIC was declared bankrupt on 19 October 2023. The bankruptcy was closed on 21 January 2025.23

  1. 1National Bank, annual accounts 2018 and 2020
  2. 2Belgian Official Gazette, 25-10-2023
  3. 3Belgian Official Gazette, 27-01-2025

Company details

Inactive

MAGIC is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2020
Last registered office
Grote Baan 54, 3530 Houthalen-Helchterenas published on 4 September 2020
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2015
Official KBO record

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