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MAGIC FLOORS

Active
Private limited companyfounded 2005active for 21 yearsHelststraat 2, 2630 Aartselaar, BelgiumKBO/BCE: BE 0872.416.020
Summary

The computed 12-month bankruptcy probability of MAGIC FLOORS is 4.6% (elevated). The 2024 annual accounts show equity of €456,956 and a net result of -€12,220. Equity has been growing by about 9.8% per year since 2018. Its solvency ranks better than 20% of 8,965 sector peers (NACE 46, financial year 2024). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 10-03-2005 Normal situation
Activity
Agents in the wholesale of furniture, household goods and hardware NACE 46150
Joint committees
100 Aanvullend Paritair Comité voor de werklieden
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment unit
2.145.828.555 2630 Aartselaar, since 10-03-2005
Financial year end
31 December
Peppol
Reachable since 02-06-2025

Board and ownership

Board
  • CAKMAK MuhammedDirector
  • KIEFER BernhardDirector

Financial position

38 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.6%
Annual accounts 2024
Turnover
€842,623
▼ 36.0%
Loss
€12,220
Equity
€456,956
▼ 2.6%
Total assets
€2.8m
▼ 4.3%
Employees on 31-12-2024
1
=
  • 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 27-11-2025)Liquidity: current ratio 0.13, cash €4,292, halved1 financial year not filed after the legal deadline; last filed accounts filed 119 days late; 3 of the last 3 accounts latelowers riskFounded in 2005Show the evidence

Checked score

Score 2024
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 33% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Average
Solvency 41=
equity 16.2% of total assets
Liquidity 39-2
short-term debt 28.6% · cash 0.2%
Profitability 63+4
return on assets -0.4%
Bankruptcy probability within 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 12-2024: 8.7%highest value 01-2025: 2.1%▼ -6.6 percentage points vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.4%▲ +0.3 percentage points vs 02-2025 04-2025: 2.6%▲ +0.2 percentage points vs 03-2025 05-2025: 2.8%▲ +0.2 percentage points vs 04-2025 06-2025: 3.4%▲ +0.6 percentage points vs 05-2025 07-2025: 3.3%▼ -0.1 percentage points vs 06-2025 08-2025: 4.2%▲ +0.9 percentage points vs 07-2025 09-2025: 5.1%▲ +0.9 percentage points vs 08-2025 10-2025: 7.2%▲ +2.1 percentage points vs 09-2025 11-2025: 7.3%▲ +0.1 percentage points vs 10-2025 12-2025: 3.1%▼ -4.2 percentage points vs 11-2025 01-2026: 1.7%▼ -1.4 percentage points vs 12-2025lowest value 02-2026: 1.7%● unchanged vs 01-2026lowest value 03-2026: 2.0%▲ +0.3 percentage points vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.1%▲ +0.1 percentage points vs 05-2026 07-2026: 2.0%▼ -0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +1.1 percentage points vs 07-2026 09-2026: 3.5%▲ +0.4 percentage points vs 08-2026 10-2026: 4.6%▲ +1.1 percentage points vs 09-2026 11-2026: 4.6%● unchanged vs 10-2026
Credit of up to €17,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.13 (0.14 in 2023), below 1. Short-term debt is 28.6% and cash 0.2% of total assets. 83.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 28% of them on solvency, 36% on liquidity, 46% on profitability and 23% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 27-11-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.13, cash €4,292, halved
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 119 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2005
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8965 sector peers (2024).
NBB · sector comparison
Position among 8965 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 96 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline04-11-2026 today
raises risk · 2024 accounts filed 119 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
119 days late
2023
142 days late
2022
69 days late
2021
73 days late
2020
92 days late
2019
88 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 97 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 82% of companies in wholesale tradesector median €40,633 · 8,960 companies -€12,220 View
  • Caution: Turnover fell in 2024from €1.3m to €842,623 ▼ 36.0% View

Recent changes

  1. · Gazette deed Registered office · Amendment of the articles · Legal-form change · Resignations & appointments · Miscellaneous
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as MAGIC FLOORS: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €1.6m and €5.1m, founded between 1996 and 2010.

CompanyTotal assetsGross margin
MAGIC FLOORS Aartselaar€2.8m€0.3m
T.P. DESIGN FURNITURE Nandrin€2.8m€0.3m
GUMIRO Lokeren€5.1m€0.2m
COCOON INTERIOR Herenthout€1.9m€0.3m
GEOFFROY VAN HULLE DECORATEUR Maldegem€3.4m€0.8m
ROOSEN AGENTUREN Bocholt€2.8m€0.4m
RENOVA BELGIUM Elsene€1.6m€0.5m
Full comparison

Key facts about MAGIC FLOORS

What is the company number of MAGIC FLOORS?
The company number of MAGIC FLOORS is 0872.416.020. The VAT number is the same number with BE in front: BE 0872.416.020.
Where is MAGIC FLOORS based?
The registered office is at Helststraat 2, 2630 Aartselaar.Company details
What does MAGIC FLOORS do?
According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
What is the legal form of MAGIC FLOORS?
The legal form of MAGIC FLOORS is Private limited company (BV).
When was MAGIC FLOORS founded?
MAGIC FLOORS was founded on 10-03-2005.
Is MAGIC FLOORS still active?
Yes, MAGIC FLOORS is an active enterprise in the KBO register.
How many employees does MAGIC FLOORS have?
MAGIC FLOORS had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does MAGIC FLOORS fall under?
In its 2024 annual accounts, MAGIC FLOORS states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of MAGIC FLOORS?
The turnover of MAGIC FLOORS was €842,623 in financial year 2024, according to the filed annual accounts.
Is MAGIC FLOORS profitable?
In financial year 2024, MAGIC FLOORS made a loss of €12,220.
Where can I find the annual accounts of MAGIC FLOORS?
MAGIC FLOORS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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