MAGIC DSP
ActiveThe computed 12-month bankruptcy probability of MAGIC DSP is 1.5% (moderate). The 2025 annual accounts show negative equity (€-182k) and a net result of €-140k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 2538 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
21
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.39 in 2024; short-term debt: 87.3% and cash: 0.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-41.1%
Return on assets
-31.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-182k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
28 d late
2022
37 d late
2021
78 d late
2020
89 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-140k▼ 9.5%
2024 · €-127k
2020: €-11k
2021: €28k
2022: €84k
2023: €-16k
2024: €-127k
2020 → 2025
Working capital
€-283k▼ 87.1%
2024 · €-152k
2020: €-64k
2021: €-4k
2022: €61k
2023: €51k
2024: €-152k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€101k▲ 470%€85k▼ 16.3%€-43k€-182k▼ 328%
Operating result€31k-€109k▲ 251%€-10k€-115k▼ 1,058%€-113k▲ 1.2%
Net result€28k-€84k▲ 201%€-16k€-127k▼ 673%€-140k▼ 9.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €113k in 2025 against €115k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443k
Fixed assets
€340k▼ 14.7%
Current assets
€104k▲ 7.4%
Key figures and ratios
EBITDA
€-38k▲
2024 · €-66k
Cash flow
€-65k▲
2024 · €-78k
Solvency
-41.1%▼
2024 · -8.6%
Current ratio
0.27▼
2024 · 0.39
Quick ratio
0.27▼
2024 · 0.39
Debt / equity
-3.43▲
2024 · -12.65
ROA
-31.5%▼
2024 · -25.7%
Interest coverage
-1.50▲
2024 · -4.82
Debt
€626k▲
2024 · €538k
Debt ≤ 1 year
€387k▲
2024 · €248k
Debt > 1 year
€239k▼
2024 · €290k
Income taxes
€493▲
2024 · €436
Staff costs
€81k▼
2024 · €113k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€495k€443k▼
Fixed assets21/28€399k€340k▼
Intangible fixed assets21€31k€22k▼
Tangible fixed assets22/27€364k€314k▼
Land and buildings22€22k€20k▼
Plant, machinery and equipment23€89k€73k▼
Furniture and vehicles24€18k€10k▼
Leasing and similar rights25€236k€211k▼
Financial fixed assets28€3k€3k=
Current assets29/58€96k€104k▲
Amounts receivable within one year40/41€59k€54k▼
Trade receivables40€22k€54k▲
Other amounts receivable41€37k€142▼
Cash at bank and in hand54/58€10k€4k▼
Deferred charges and accrued income490/1€27k€45k▲
Equity and liabilities
Total equity and liabilities10/49€495k€443k▼
Equity10/15€-43k€-182k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-44k€-184k▼
Amounts payable17/49€538k€626k▲
Amounts payable after more than one year17€290k€239k▼
Financial debts170/4€290k€239k▼
Amounts payable within one year42/48€248k€387k▲
Current portion of amounts payable after more than one year42€93k€90k▼
Trade debts44€97k€180k▲
Suppliers440/4€97k€180k▲
Taxes, remuneration and social security45€45k€24k▼
Taxes450/3€26k€11k▼
Remuneration and social security454/9€19k€13k▼
Other amounts payable47/48€13k€92k▲
Income statement
Code20242025
Remuneration, social security and pensions62€113k€81k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€75k▲
Other operating charges640/8€11k€6k▼
Gross operating margin9900€58k€48k▼
Operating profit (loss)9901€-115k€-113k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€14k€26k▲
Recurring financial charges65€14k€26k▲
Profit (loss) for the period before taxes9903€-127k€-139k▼
Income taxes67/77€436€493▲
Profit (loss) for the period9904€-127k€-140k▼
Profit (loss) for the period to be appropriated9905€-127k€-140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-184k▼
Profit (loss) brought forward from the previous period14P€83k€-44k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
31-12
Financial
Highest result since 2020net €84k ▲201%
Operating result €109k, net result €84k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲470%
2 profitable years in a row build equity to €101k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Terre à Briques(MAR) 57522 Tournai1 establishment unit
MAGIC DSP
since 20192.295.579.630
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Of 1,876 companies in sector 95314 we hold annual accounts for 847. 688 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2019
Fiscal year end31-12
Activities, NACEBEL
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.magic-dsp.com
E-mail:magicdsp59@gmail.com