Magic Midco
ActiveSummary
The computed 12-month bankruptcy probability of Magic Midco is 3.2% (moderate). The 2025 annual accounts show equity of €121.09M and a net result of €-300k. Equity remains stable across the filed fiscal years (±1.3% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.16 in 2024; short-term debt: 1% and cash: 0% of total assets), and 1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99%
Return on assets
-0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
5 d early
2022
4 d late
2021
87 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-300k▲ 40.4%
2024 · €-503k
2021: €-93k
2022: €-61k
2023: €-382k
2024: €-503k
2021 → 2025
Working capital
€-1.14M▼ 35.8%
2024 · €-838k
2022: €-180k
2023: €-335k
2024: €-838k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101.88M-€157.14M▲ 54.2%€151.00M▼ 3.9%€150.50M▼ 0.3%€121.09M▼ 19.5%
Operating result€-92k-€-89k▲ 3.1%€-383k▼ 330%€-494k▼ 29.1%€-313k▲ 36.7%
Net result€-93k-€-61k▲ 34.2%€-382k▼ 523%€-503k▼ 31.5%€-300k▲ 40.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €313k in 2025 against €494k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122.30M
Fixed assets
€122.23M ▼ 19.2%
Current assets
€67k ▼ 57.2%
Equity and liabilities €122.30M
Equity
€121.09M ▼ 19.5%
Debt
€1.20M ▲ 21.1%
Debt's share of the balance-sheet total rises from 0.7% to 1.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.06▼
2024 · 0.16
Debt to equity
0.01▲
2024 · 0.01
ROE
-0.2%▲
2024 · -0.3%
ROA
-0.2%▲
2024 · -0.3%
Debt ≤ 1 year
€1.20M▲
2024 · €995k
Income taxes
€-264▲
2024 · €-558
Staff costs
€177k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€151.49M€122.30M▼
Fixed assets21/28€151.33M€122.23M▼
Financial fixed assets28€151.33M€122.23M▼
Affiliated companies280/1€151.33M€122.23M▼
Participating interests280€151.33M€122.23M▼
Other financial fixed assets284/8€257€257=
Amounts receivable and cash guarantees285/8€257€257=
Current assets29/58€157k€67k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€153k€9k▼
Other amounts receivable41€153k€9k▼
Cash at bank and in hand54/58€3k€58k▲
Deferred charges and accrued income490/1€439€0▼
Equity and liabilities
Total equity and liabilities10/49€151.49M€122.30M▼
Equity10/15€150.50M€121.09M▼
Contributions10/11€151.54M€122.43M▼
Profit (loss) carried forward14€-1.04M€-1.34M▼
Amounts payable17/49€995k€1.20M▲
Amounts payable within one year42/48€995k€1.20M▲
Trade debts44€284k€298k▲
Suppliers440/4€284k€298k▲
Taxes, remuneration and social security45€0€206▲
Taxes450/3€0€140▲
Remuneration and social security454/9-€66
Other amounts payable47/48€711k€906k▲
Accrued charges and deferred income492/3€66€0▼
Income statement
Code20242025
Operating income70/76A€29k€0▼
Non-recurring operating income76A€29k€0▼
Operating charges60/66A€523k€313k▼
Services and other goods61€521k€135k▼
Remuneration, social security and pensions62-€177k
Other operating charges640/8€2k€998▼
Operating profit (loss)9901€-494k€-313k▲
Financial income75/76B€5k€17k▲
Recurring financial income75€5k€17k▲
Income from current assets751€277€37▼
Other financial income752/9€5k€17k▲
Financial charges65/66B€14k€4k▼
Recurring financial charges65€14k€4k▼
Debt charges650€0€0▲
Other financial charges652/9€14k€4k▼
Profit (loss) for the period before taxes9903€-503k€-300k▲
Income taxes67/77€-558€-264▲
Taxes670/3€0-
Tax adjustments and reversals of tax provisions77€558€264▼
Profit (loss) for the period9904€-503k€-300k▲
Profit (loss) for the period to be appropriated9905€-503k€-300k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.04M€-1.34M▼
Profit (loss) brought forward from the previous period14P€-537k€-1.04M▼
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (31 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-503k
Net result drops to €-503k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 4 days late
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Brussel
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.
Louizalaan 2871050 BrusselGround area
3,384 m²
Building footprint
2,779 m²
Volume, LiDAR
47,299 m³
Parcel 21807G0172/00G000, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.