Equity
MAGIC paid out €15,000 in dividends. That is 1,482% of the 2025 profit.
In July 2024, 10,902 companies had the same profile as MAGIC has now. Each dot stands for 28 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 10,902 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MAGIC Willebroek | €43,361 | €7,963 | 43.3% | - |
| CHAFIK Kortrijk | €45,971 | €8,785 | -43.2% | - |
| MALIMAY Berchem-Sainte-Agathe | €47,445 | €8,498 | 31.0% | - |
| A.B. Coiffure Visagiste Saint-Ghislain | €39,563 | €10,616 | 20.4% | - |
| Nasro Antwerp | €33,999 | €6,890 | 82.2% | - |
| MAIKEL NISSAN Mechelen | €30,004 | €6,993 | 76.0% | - |
| A & A Bornem | €36,633 | €13,509 | 5.5% | - |
These companies have the same main activity as MAGIC: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €30,000 and €47,400, founded between 2015 and 2017.
MAGIC files the micro format. That format states no turnover. The gross margin fell from €41,770 in 2017 to €7,963 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €54,000. Estimated: probably between €32,000 and €100,000.
Higher than 63% of 5,755 companies in 2025.
Higher than 62% of 5,319 companies in 2025.
Higher than 42% of 5,364 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
43,361 | 35,470 | 39,755 | 37,032 | 70,050 | 79,025 | 97,895 | 63,811 | 80,075 | |
21/28 |
6,083 | 10,890 | 12,370 | 15,942 | 40,059 | 53,820 | 71,395 | 32,560 | 38,943 | |
21 |
1,250 | 4,250 | 7,250 | 10,250 | 13,250 | 16,250 | 19,250 | 22,250 | 25,250 | |
22/27 |
4,833 | 6,640 | 5,120 | 5,692 | 26,809 | 37,570 | 52,145 | 10,310 | 13,693 | |
23 |
1,834 | 3,026 | 889 | 845 | 1,742 | 874 | 1,913 | 1,489 | 1,480 | |
24 |
- | - | - | - | 24,515 | 35,184 | 46,590 | 3,049 | 4,311 | |
26 |
2,999 | 3,615 | 4,231 | 4,847 | 552 | 1,512 | 3,642 | 5,772 | 7,902 | |
29/58 |
37,278 | 24,580 | 27,385 | 21,090 | 29,991 | 25,204 | 26,500 | 31,251 | 41,133 | |
3 |
14,246 | 17,539 | 17,896 | 15,956 | 21,747 | 22,222 | 23,069 | 28,285 | 30,120 | |
30/36 |
14,246 | 17,539 | 17,896 | 15,956 | 21,747 | 22,222 | 23,069 | 28,285 | 30,120 | |
40/41 |
16,752 | 605 | 861 | 873 | 2,711 | 1,371 | 1,047 | 1,174 | 2,512 | |
40 |
7,472 | - | 669 | 532 | 2,486 | 1,122 | 150 | 392 | 2,512 | |
41 |
9,279 | 605 | 193 | 341 | 226 | 248 | 897 | 783 | - | |
54/58 |
5,964 | 5,856 | 8,259 | 3,909 | 4,714 | 948 | 1,006 | 1,759 | 8,484 | |
490/1 |
317 | 580 | 369 | 351 | 818 | 663 | 1,377 | 32 | 17 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
43,361 | 35,470 | 39,755 | 37,032 | 70,050 | 79,025 | 97,895 | 63,811 | 80,075 | |
10/15 |
18,789 | 32,777 | 29,296 | 14,966 | 14,756 | 11,068 | 24,485 | 36,653 | 24,331 | |
10/11 |
14,476 | 14,476 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | - | 18,600 | 18,600 | - | - | - | |
1109/19 |
- | - | - | - | 18,600 | 18,600 | - | - | - | |
13 |
935 | 935 | 935 | 935 | 935 | 935 | 935 | 935 | 287 | |
130/1 |
- | - | - | 935 | 935 | 935 | - | - | - | |
130 |
- | - | - | - | - | - | 935 | 935 | 287 | |
1311 |
- | - | - | 935 | 935 | 935 | - | - | - | |
133 |
935 | 935 | 935 | - | - | - | - | - | - | |
14 |
3,378 | 17,366 | 9,760 | -4,569 | -4,779 | -8,468 | 4,949 | 17,118 | 5,445 | |
17/49 |
24,573 | 2,693 | 10,460 | 22,066 | 55,294 | 67,957 | 73,410 | 27,158 | 55,744 | |
17 |
- | - | - | 4,730 | 11,199 | 19,655 | 23,453 | 9,167 | 12,037 | |
170/4 |
- | - | - | 4,730 | 11,199 | 19,655 | 23,453 | 9,167 | 12,037 | |
42/48 |
24,255 | 2,637 | 10,460 | 17,336 | 44,094 | 48,301 | 49,956 | 17,992 | 43,708 | |
42 |
- | - | 4,730 | 6,470 | 8,225 | 7,772 | 7,895 | 2,870 | 2,741 | |
43 |
- | - | - | - | - | 778 | - | - | - | |
430/8 |
- | - | - | - | - | 778 | - | - | - | |
44 |
1,511 | 1,738 | 1,002 | 679 | 6,827 | 7,515 | 9,204 | 2,592 | 4,977 | |
440/4 |
1,511 | 1,738 | 1,002 | 679 | 6,827 | 7,515 | 9,204 | 2,592 | 4,977 | |
45 |
351 | 899 | 2,962 | 1,965 | 4,402 | 1,718 | 2,023 | 2,834 | 9,691 | |
450/3 |
351 | 649 | 1,462 | 1,965 | 2,174 | 521 | 474 | 2,074 | 6,408 | |
454/9 |
0 | 250 | 1,500 | - | 2,228 | 1,198 | 1,549 | 760 | 3,283 | |
47/48 |
22,394 | - | 1,766 | 8,222 | 24,640 | 30,517 | 30,834 | 9,696 | 26,299 | |
492/3 |
318 | 57 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
9900 |
7,963 | 14,034 | 19,194 | 22,203 | 38,300 | 27,466 | 27,665 | 41,749 | 41,770 | |
62 |
0 | - | - | 15,662 | 17,674 | 20,588 | 24,461 | 15,624 | 18,201 | |
630 |
4,807 | 4,437 | 4,188 | 4,513 | 15,452 | 17,575 | 13,221 | 7,481 | 13,824 | |
640/8 |
520 | 587 | 159 | 200 | 190 | 100 | 248 | 350 | 479 | |
66A |
70 | - | - | - | - | - | - | - | - | |
9901 |
2,566 | 9,011 | 14,847 | 1,828 | 4,985 | -10,797 | -10,265 | 18,295 | 9,266 | |
75/76B |
120 | 0 | - | 0 | 5 | 0 | 3 | 0 | 13 | |
75 |
120 | 0 | - | 0 | 5 | 0 | 3 | 0 | 13 | |
65/66B |
785 | 316 | 517 | 1,264 | 831 | 1,970 | 961 | 1,852 | 942 | |
65 |
785 | 316 | 517 | 1,264 | 831 | 1,970 | 961 | 1,852 | 942 | |
9903 |
1,901 | 8,695 | 14,330 | 564 | 4,159 | -12,767 | -11,224 | 16,443 | 8,337 | |
67/77 |
889 | 1,089 | - | 354 | 471 | 504 | 128 | 3,468 | 2,606 | |
9904 |
1,012 | 7,606 | 14,330 | 210 | 3,688 | -13,271 | -11,352 | 12,975 | 5,731 | |
9905 |
1,012 | 7,606 | 14,330 | 210 | 3,688 | -13,271 | -11,352 | 12,975 | 5,731 | |
| Appropriation of the result | ||||||||||
9906 |
18,378 | 17,366 | 9,760 | -4,569 | -4,779 | -8,322 | 5,765 | 18,419 | 5,731 | |
14P |
17,366 | 9,760 | -4,569 | -4,779 | -8,468 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 649 | 287 | |
6920 |
- | - | - | - | - | - | - | 649 | 287 | |
694/7 |
15,000 | - | - | - | - | 146 | 816 | 653 | - | |
694 |
15,000 | - | - | - | - | 146 | 816 | 653 | - | |
| Social balance sheet | ||||||||||
9087 |
- | - | - | 0.5 | 0.7 | 1.1 | 1.2 | 1.2 | 0.8 | |
Hours worked1013 |
- | - | - | 872 | 1,100 | 1,349 | 2,066 | 1,804 | 1,788 | |
| Document | ||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00320170 | |
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00403255 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00427770 | |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00371232 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20182397 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34500471 | |
| 31-12-2019 | abbreviated format | 26-08-2020 | 2020-45200364 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-30300453 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28600553 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 7,373 | 13,447 | 19,035 | 6,341 | 20,437 | 6,777 | 2,955 | 25,775 | 23,090 | ||
| 5,819 | 12,043 | 18,518 | 4,723 | 19,140 | 4,303 | 1,868 | 20,455 | 19,555 | ||
| 0 | 2,957 | 617 | 4,911 | 1,690 | 0 | 52,055 | 1,098 | 50,207 | ||
| 108 | -2,403 | 4,349 | -805 | 3,766 | -58 | -753 | -6,725 | - | ||
| 13,023 | 21,943 | 16,925 | 3,754 | -14,103 | -23,097 | -23,457 | 13,259 | -2,575 | ||
| 43.3% | 92.4% | 73.7% | 40.4% | 21.1% | 14.0% | 25.0% | 57.4% | 30.4% | ||
| 1.54 | 9.32 | 2.62 | 1.22 | 0.68 | 0.52 | 0.53 | 1.74 | 0.94 | ||
| 0.95 | 2.67 | 0.91 | 0.30 | 0.19 | 0.06 | 0.07 | 0.16 | 0.25 | ||
| 1.31 | 0.08 | 0.36 | 1.47 | 3.75 | 6.14 | 3.00 | 0.74 | 2.29 | ||
| 5.4% | 23.2% | 48.9% | 1.4% | 25.0% | -119.9% | -46.4% | 35.4% | 23.6% | ||
| 2.3% | 21.4% | 36.0% | 0.6% | 5.3% | -16.8% | -11.6% | 20.3% | 7.2% | ||
| 9.39 | 42.55 | 36.82 | 5.02 | 24.60 | - | - | - | - |
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.
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 0.7 |
| 0.5 | 0.7 | |
| Joined | 1 | 1 |
| Left | 2 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,957 | €617 | €4,911 | €1,690 |
| €4,807 | €4,437 | €4,188 | €4,513 | €15,452 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 72% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 7.6% to 56.7%. Equity is lower and debt is higher.
MAGIC has no parent and no holdings in its annual accounts. is the only director. MAGIC shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| MAGIC TRENDY & CHIC HAIR registered office August Van Landeghemstraat 14, 2830 Willebroek | 14-06-2016 | 2.253.966.828 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12040A1043/00D000 | 79 m² | 1 · 73 m² | 9.4 m · 3 |
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