MAGIC CORNER
ActiveSummary
The computed 12-month bankruptcy probability of MAGIC CORNER is 4.2% (elevated). The 2025 annual accounts show equity of €751 and a net result of €409. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 13604 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+73
Solvency31▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.66 against 0.43 in 2024; short-term debt: 94.3% and cash: 38.9% of total assets), and 94.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.7%
Return on assets
3.1%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 27-11-2025, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
34 d early
2024
32 d early
2023
31 d early
2022
on the day
2021
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 30 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-05-2026 close28-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€751▲ 119%
2024 · €342
Total assets
€13,132▲ 26.1%
2024 · €10,416
Net result
€409
2024 · -€4,402
Working capital
-€4,182▲ 26.9%
2024 · -€5,720
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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-€21,298-€21,234-€5,135-€4,209▲ 18.0%€679
Net result-€13,548below the sector's middle half-€21,055above the sector's middle half-€5,263within the sector's middle half-€4,402within the sector's middle half▲ 16.4%€409within the sector's middle half
Equity-€11,048below the sector's middle half-€10,007within the sector's middle half€4,744within the sector's middle half▼ 52.6%€342within the sector's middle half▼ 92.8%€751within the sector's middle half▲ 119%
Total assets€9,111below the sector's middle half-€19,321below the sector's middle half▲ 112%€14,768below the sector's middle half▼ 23.6%€10,416below the sector's middle half▼ 29.5%€13,132below the sector's middle half▲ 26.1%
Debt€20,158-€9,314▼ 53.8%€10,024▲ 7.6%€10,074▲ 0.5%€12,381▲ 22.9%
Working capital-€3,331within the sector's middle half-€1,684within the sector's middle half-€2,449within the sector's middle half-€5,720within the sector's middle half▼ 134%-€4,182within the sector's middle half▲ 26.9%
Solvency-121.3%below the sector's middle half-51.8%within the sector's middle half▲ 173.1pp32.1%within the sector's middle half▼ 19.7pp3.3%within the sector's middle half▼ 28.8pp5.7%within the sector's middle half▲ 2.4pp
Current ratio0.35below the sector's middle half-1.18within the sector's middle half▲ 0.830.76within the sector's middle half▼ 0.430.43below the sector's middle half▼ 0.320.66within the sector's middle half▲ 0.23
Return on assets (ROA)-148.7%below the sector's middle half-109.0%above the sector's middle half▲ 257.7pp-35.6%below the sector's middle half▼ 144.6pp-42.3%below the sector's middle half▼ 6.6pp3.1%within the sector's middle half▲ 45.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €679 after a loss of €4,209 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,132
Fixed assets
€4,932 ▼ 18.6%
Current assets
€8,200 ▲ 88.4%
Equity and liabilities €13,132
Equity
€751 ▲ 119%
Debt
€12,381 ▲ 22.9%
Debt's share of the balance-sheet total falls from 96.7% to 94.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1,810▲
2024 · -€3,079
Cash flow
€1,539▲
2024 · -€3,272
Quick ratio
0.56▲
2024 · 0.31
Interest coverage
6.69▲
2024 · -15.97
Debt ≤ 1 year
€12,381▲
2024 · €10,074
Equity ratios withheld: equity of €751 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,250 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 497,662 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% | 1.7% |
| 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 75% 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 1,250 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 | - | €50 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €554 | €779 | €1,130 | €1,130 | €1,130 | = |
| Other operating charges640/8 | - | €175 | €97 | €662 | €1,351 | ▲ 104% |
| Gross operating margin9900 | -€20,616 | €22,238 | -€3,907 | -€2,417 | €3,160 | ▲ 231% |
| Operating profit (loss)9901 | -€21,298 | €21,234 | -€5,135 | -€4,209 | €679 | ▲ 116% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €179 | €128 | €193 | €271 | ▲ 40.4% |
| Recurring financial charges65 | €50 | €179 | €128 | €193 | €271 | ▲ 40.4% |
| Profit (loss) for the period before taxes9903 | -€13,548 | €21,055 | -€5,263 | -€4,402 | €409 | ▲ 109% |
| Profit (loss) for the period9904 | -€13,548 | €21,055 | -€5,263 | -€4,402 | €409 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | -€13,548 | €21,055 | -€5,263 | -€4,402 | €409 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,111 | €19,321 | €14,768 | €10,416 | €13,132 | ▲ 26.1% |
| Fixed assets21/28 | €7,284 | €8,323 | €7,193 | €6,063 | €4,932 | ▼ 18.6% |
| Tangible fixed assets22/27 | €3,279 | €4,318 | €3,188 | €2,058 | €927 | ▼ 54.9% |
| Plant, machinery and equipment23 | - | €4,318 | €3,188 | €2,058 | €927 | ▼ 54.9% |
| Financial fixed assets28 | €4,005 | €4,005 | €4,005 | €4,005 | €4,005 | = |
| Current assets29/58 | €1,827 | €10,998 | €7,575 | €4,353 | €8,200 | ▲ 88.4% |
| Stocks and contracts in progress3 | €621 | €1,583 | €1,409 | €1,226 | €1,316 | ▲ 7.3% |
| Stocks30/36 | - | €1,583 | €1,409 | €1,226 | €1,316 | ▲ 7.3% |
| Amounts receivable within one year40/41 | €797 | €807 | €918 | €673 | €865 | ▲ 28.5% |
| Other amounts receivable41 | - | €807 | €918 | €673 | €865 | ▲ 28.5% |
| Cash at bank and in hand54/58 | €229 | €8,337 | €5,006 | €1,725 | €5,108 | ▲ 196% |
| Deferred charges and accrued income490/1 | - | €272 | €243 | €729 | €911 | ▲ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,111 | €19,321 | €14,768 | €10,416 | €13,132 | ▲ 26.1% |
| Equity10/15 | -€11,048 | €10,007 | €4,744 | €342 | €751 | ▲ 119% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €7,507 | €7,507 | €7,507 | €7,507 | = |
| Distributable reserves133 | - | €7,507 | €7,507 | €7,507 | €7,507 | = |
| Profit (loss) carried forward14 | -€13,548 | - | -€5,263 | -€9,665 | -€9,256 | ▲ 4.2% |
| Amounts payable17/49 | €20,158 | €9,314 | €10,024 | €10,074 | €12,381 | ▲ 22.9% |
| Amounts payable after more than one year17 | €15,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €5,158 | €9,314 | €10,024 | €10,074 | €12,381 | ▲ 22.9% |
| Trade debts44 | €454 | €1,434 | €5,454 | €7,851 | €1,540 | ▼ 80.4% |
| Suppliers440/4 | - | €1,434 | €5,454 | €7,851 | €1,540 | ▼ 80.4% |
| Taxes, remuneration and social security45 | - | €2,292 | €962 | €1,446 | €1,749 | ▲ 20.9% |
| Taxes450/3 | - | €992 | €962 | €1,446 | €1,749 | ▲ 20.9% |
| Remuneration and social security454/9 | - | €1,300 | - | - | - | - |
| Other amounts payable47/48 | - | €5,588 | €3,608 | €776 | €9,092 | ▲ 1,072% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,548 | €21,055 | -€5,263 | -€4,402 | €409 | ▲ 109% |
| + Depreciation and write-downs630 | €554 | €779 | €1,130 | €1,130 | €1,130 | = |
| Operating cash flow (approximation) | -€12,993 | €21,833 | -€4,133 | -€3,272 | €1,539 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€1,818 | €0 | €0 | €0 | - |
| Change in cash | - | €8,109 | -€3,331 | -€3,281 | €3,383 | ▲ 203% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Back to profitnet €409
Net result €409 after 2 loss-making years.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-05
Financial
Back to profitnet €21,055
Net result €21,055 after one loss-making year.
31-05
Financial
Liquidity triplescurrent ratio 1.18
Current ratio from 0.35 to 1.18.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Registered office, Maasmechelen · 1 establishment unit since 2020
Ground area
177 m²
Building footprint
173 m²
Volume, LiDAR
1,264 m³
Parcel 73048B0207/00F000, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BARABAR
since 20202.303.751.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B0207/00F000 | Flanders | 176 m² | 1 · 173 m² | 13.4 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaasmechelen2.303.751.780
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 889 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2020
Fiscal year end31-05
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748722511
Also
9925:BE0748722511
Registered
05-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.