Magic - Home

Active

Private limited companyfounded 198837 yrs activeVrankaartstraat (W.-M.) 4, 9790 Wortegem-Petegem, BelgiumKBO/BCE: BE 0435.894.640

Magic - Home has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-26k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 51% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

12 / 100

Critical▼ -52 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-56

Solvency39▼-17

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.22 against 0.28 in 2024), and 68.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

31.6%

Return on assets

-22.8%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 d early

2024

17 d early

2023

22 d early

2022

17 d early

2021

13 d early

2020

12 d early

2019

15 d early

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€36k▼ 41.9%

2024 · €62k

2018: €47k 2019: €55k 2020: €64k 2021: €70k 2022: €72k 2023: €55k 2024: €62k

2018 → 2025

Total assets

€114k▼ 17.2%

2024 · €137k

2018: €157k 2019: €194k 2020: €183k 2021: €171k 2022: €162k 2023: €118k 2024: €137k

2018 → 2025

Net result

€-26k

2024 · €7k

2018: €972 2019: €8k 2020: €9k 2021: €6k 2022: €2k 2023: €-17k 2024: €7k

2018 → 2025

Working capital

€-61k▼ 12.0%

2024 · €-54k

2018: €-95k 2019: €-95k 2020: €-72k 2021: €-55k 2022: €-39k 2023: €-37k 2024: €-54k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€70k-€72k▲ 3.4%€55k▼ 23.7%€62k▲ 12.5%€36k▼ 41.9%

Operating result€14k-€9k▼ 38.7%€-13k€16k€-23k

Net result€6k-€2k▼ 57.5%€-17k€7k€-26k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €23k after €16k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €114k

84.9%

15.1%

Fixed assets €96k▼ 16.7%

Current assets €17k▼ 19.4%

Equity and liabilities €114k

31.6%

68.4%

Equity €36k▼ 41.9%

Debt €78k▲ 3.1%

The debt ratio rises from 54.9% to 68.4%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-4k▼

2024 · €30k

Cash flow

€-6k▼

2024 · €20k

Solvency

31.6%▼

2024 · 45.1%

Current ratio

0.22▼

2024 · 0.28

Quick ratio

0.22▼

2024 · 0.28

Debt / equity

2.16▲

2024 · 1.22

ROE

-72.0%▼

2024 · 11.1%

ROA

-22.8%▼

2024 · 5.0%

Interest coverage

-2.01▼

2024 · 18.23

Debt

€78k▲

2024 · €75k

Debt ≤ 1 year

€78k▲

2024 · €75k

Income taxes

€329▼

2024 · €8k

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€137k€114k▼

Fixed assets21/28€116k€96k▼

Tangible fixed assets22/27€116k€96k▼

Land and buildings22€75k€64k▼

Plant, machinery and equipment23€5k€4k▼

Furniture and vehicles24€36k€28k▼

Current assets29/58€21k€17k▼

Amounts receivable within one year40/41€18k€17k▼

Trade receivables40€12k€12k▲

Other amounts receivable41€6k€5k▼

Cash at bank and in hand54/58€3k-

Equity and liabilities

Total equity and liabilities10/49€137k€114k▼

Equity10/15€62k€36k▼

Contributions10/11€6k€6k=

Reserves13€56k€56k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€54k€54k=

Profit (loss) carried forward14-€-26k

Amounts payable17/49€75k€78k▲

Amounts payable within one year42/48€75k€78k▲

Current portion of amounts payable after more than one year42€3k-

Financial debts43€17k€13k▼

Credit institutions430/8€17k€13k▼

Trade debts44€16k€16k▲

Suppliers440/4€16k€16k▲

Taxes, remuneration and social security45€1k€1k=

Taxes450/3€1k€1k=

Other amounts payable47/48€38k€47k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€32k€-2k▼

Operating profit (loss)9901€16k€-23k▼

Financial income75/76B€1-

Recurring financial income75€1-

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€15k€-26k▼

Income taxes67/77€8k€329▼

Profit (loss) for the period9904€7k€-26k▼

Profit (loss) for the period to be appropriated9905€7k€-26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€7k€-26k▼

Transfer to equity691/2€7k-

To other reserves6921€7k-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-26k ▼477%

Net result drops to €-26k, the lowest in the series.

14-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

19-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €9k ▲6.8%

Net result €9k, the highest in the series.

16-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

25-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

19-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2024

PAUWELS Paul Albert Michel Alfons

Statutair bestuurder · since 18-01-2024

Current

SENTRIE Liliane Georgine Maria

Statutair bestuurder · since 18-01-2024

Current

18-01-2024 PAUWELS Paul Albert Michel Alfons: Appointed as Statutair bestuurder

18-01-2024 SENTRIE Liliane Georgine Maria: Appointed as Statutair bestuurder

Location & real-estate footprint

Registered office, Wortegem-Petegem · 1 establishment unit since 1996

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.

Vrankaartstraat (W.-M.) 49790 Wortegem-Petegem

Ground area

5,960 m²

Building footprint

232 m²

Volume, LiDAR

1,319 m³

Parcel 45055A1322/00B000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MAGIC-HOME

Vrankaartstraat (W.-M.) 4, 9790 Wortegem-PetegemNACE 5153104

since 19962.043.550.171

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45055A1322/00B000	Flanders	5,960 m²	1 · 232 m²	8.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Geraardsbergen · Eq €36k

Of 9,637 companies in sector 68121 we hold annual accounts for 7,329. 4,650 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-11-1988

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

70111

43331Floor and wall tiling

Sources

Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.