MAGIC SERVICES
ActiveSummary
MAGIC SERVICES has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €36,269. Equity is shrinking by about 4.6% per year across the filed financial years. Its solvency ranks better than 78% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, abbreviated format
In the rankings
#4 company by equity in Turnhout, Construction sector
Turnover
≈ €260,000
Estimated: probably between €170,000 and €370,000
Total assets
€2.5m▼ 0.1%
2024 · €2.5m
Net result
€36,269▲ 104%
2024 · €17,778
Working capital
-€431,402▲ 2.8%
2024 · -€443,633
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 115% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.06m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.5m
2025
Equity€1.7m
2025
Debt€0.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency68.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.42
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.004m-€0.1m€0.2m▲ 23.7%€0.004m▼ 97.3%€0.009m▲ 119%-€0.01m€0.03m€0.06m▲ 115%
Net result-€0.006m-€0.1m€0.1mabove the sector's middle half▲ 17.0%€0.01mwithin the sector's middle half▼ 91.8%€0.4mabove the sector's middle half▲ 45×-€0.01mbelow the sector's middle half€0.02mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 104%
Equity€2.2m-€2.3m▲ 4.7%€2.4mabove the sector's middle half▲ 5.2%€2.4mabove the sector's middle half▲ 0.4%€1.7mabove the sector's middle half▼ 31.3%€1.6mabove the sector's middle half▼ 0.6%€1.7mabove the sector's middle half▲ 1.1%€1.7mabove the sector's middle half▲ 2.2%
Total assets€2.2m-€2.3m▲ 6.7%€2.5mabove the sector's middle half▲ 5.0%€2.5mabove the sector's middle half▼ 0.3%€2.7mabove the sector's middle half▲ 8.1%€2.5mabove the sector's middle half▼ 4.1%€2.5mabove the sector's middle half▼ 2.7%€2.5mabove the sector's middle half▼ 0.1%
Debt€0.01m-€0.06m▲ 336%€0.06m▼ 0.5%€0.04m▼ 29.1%€1.0m▲ 24×€0.9m▼ 10.0%€0.8m▼ 9.6%€0.8m▼ 4.6%
Working capital€0.02m-€0.1m▲ 641%€0.2mwithin the sector's middle half▲ 99.8%€0.2mwithin the sector's middle half▲ 4.1%-€0.5mbelow the sector's middle half-€0.5mbelow the sector's middle half▲ 9.5%-€0.4mbelow the sector's middle half▲ 3.2%-€0.4mbelow the sector's middle half▲ 2.8%
Solvency99.4%-97.5%▼ 1.9pp97.6%above the sector's middle half▲ 0.1pp98.3%above the sector's middle half▲ 0.7pp62.5%above the sector's middle half▼ 35.8pp64.8%above the sector's middle half▲ 2.3pp67.3%above the sector's middle half▲ 2.5pp68.8%above the sector's middle half▲ 1.5pp
Current ratio2.18-3.01▲ 0.835.03above the sector's middle half▲ 2.026.92above the sector's middle half▲ 1.890.49below the sector's middle half▼ 6.430.45below the sector's middle half▼ 0.040.41below the sector's middle half▼ 0.040.42below the sector's middle half▲ 0.01
Return on assets (ROA)-0.3%-4.3%▲ 4.6pp4.8%within the sector's middle half▲ 0.5pp0.4%below the sector's middle half▼ 4.4pp16.7%above the sector's middle half▲ 16.3pp-0.4%below the sector's middle half▼ 17.1pp0.7%below the sector's middle half▲ 1.1pp1.5%within the sector's middle half▲ 0.7pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.2m =
Current assets
€310,798 ▼ 0.4%
Equity and liabilities €2.5m
Equity
€1.7m ▲ 2.2%
Debt
€773,845 ▼ 4.6%
Debt's share of the balance-sheet total falls from 32.7% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.45▼
2024 · 0.49
ROE
2.1%▲
2024 · 1.1%
Debt ≤ 1 year
€742,199▼
2024 · €755,761
Debt > 1 year
€31,645▼
2024 · €55,683
Income taxes
€18,150▲
2024 · €7,290
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,873 | €1,873 | €1,405 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,132 | €1,361 | €1,244 | €1,261 | €1,296 | ▲ 2.8% |
| Gross operating margin9900 | -€1,245 | €132,736 | €163,070 | €5,403 | €10,728 | -€13,107 | €26,982 | €56,637 | ▲ 110% |
| Operating profit (loss)9901 | -€4,023 | €129,825 | €160,624 | €4,271 | €9,367 | -€14,351 | €25,721 | €55,341 | ▲ 115% |
| Financial income75/76B | - | - | - | €9,815 | €483,165 | €4,252 | €3,373 | €3,064 | ▼ 9.2% |
| Recurring financial income75 | €162 | €4,847 | €10,366 | €9,815 | €483,165 | €4,252 | €3,373 | €3,064 | ▼ 9.2% |
| Financial charges65/66B | - | - | - | €964 | €489 | €546 | €4,027 | €3,986 | ▼ 1.0% |
| Recurring financial charges65 | €2,179 | €2,128 | €9,236 | €964 | €489 | €546 | €4,027 | €3,986 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€6,040 | €132,544 | €161,754 | €13,122 | €492,043 | -€10,645 | €25,068 | €54,419 | ▲ 117% |
| Income taxes67/77 | - | €30,816 | €42,782 | €3,353 | €47,606 | €0 | €7,290 | €18,150 | ▲ 149% |
| Profit (loss) for the period9904 | -€6,040 | €101,728 | €118,972 | €9,769 | €444,437 | -€10,645 | €17,778 | €36,269 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | -€6,040 | €101,728 | €118,972 | €9,769 | €444,437 | -€10,645 | €17,778 | €36,269 | ▲ 104% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.3m | €2.5m | €2.5m | €2.7m | €2.5m | €2.5m | €2.5m | ▼ 0.1% |
| Fixed assets21/28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Tangible fixed assets22/27 | €0.003m | €0.001m | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Current assets29/58 | €0.03m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 0.4% |
| Amounts receivable within one year40/41 | €0.03m | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | ▲ 0.3% |
| Trade receivables40 | - | - | - | - | €0.009m | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €0.3m | €0.5m | €0.4m | €0.3m | €0.3m | ▲ 0.3% |
| Cash at bank and in hand54/58 | €189 | €457 | €0.001m | €0.001m | €348 | €0.001m | €0.003m | €222 | ▼ 91.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.5m | €2.5m | €2.7m | €2.5m | €2.5m | €2.5m | ▼ 0.1% |
| Equity10/15 | €2.2m | €2.3m | €2.4m | €2.4m | €1.7m | €1.6m | €1.7m | €1.7m | ▲ 2.2% |
| Contributions10/11 | €2.2m | €2.2m | - | €2.2m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0.01m | €0.1m | €0.2m | €0.2m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 6.3% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 6.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €0.01m | €0.06m | €0.06m | €0.04m | €1.0m | €0.9m | €0.8m | €0.8m | ▼ 4.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.06m | €0.06m | €0.03m | ▼ 43.2% |
| Financial debts170/4 | - | - | - | - | - | €0.06m | €0.06m | €0.03m | ▼ 43.2% |
| Amounts payable within one year42/48 | €0.01m | €0.06m | €0.06m | €0.04m | €1.0m | €0.8m | €0.8m | €0.7m | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.001m | €0.02m | €0.02m | ▲ 5.3% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.008m | €0.009m | €0.01m | €0.002m | €52 | €0.002m | €133 | €0.002m | ▲ 12× |
| Suppliers440/4 | - | - | - | €0.002m | €52 | €0.002m | €133 | €0.002m | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.05m | €0.006m | €0.03m | ▲ 357% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.05m | €0.006m | €0.03m | ▲ 357% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.9m | €0.8m | €0.7m | €0.7m | ▼ 5.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,040 | €101,728 | €118,972 | €9,769 | €444,437 | -€10,645 | €17,778 | €36,269 | ▲ 104% |
| + Depreciation and write-downs630 | €1,873 | €1,873 | €1,405 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | -€4,167 | €103,601 | €120,377 | €9,769 | €444,437 | -€10,645 | €17,778 | €36,269 | ▲ 104% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €268 | €480 | -€428 | -€160 | €575 | €1,603 | -€2,304 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00170432 |
| 31-12-2024 | abbreviated format | 03-06-2025 | 2025-00114693 |
| 31-12-2023 | abbreviated format | 04-06-2024 | 2024-00107847 |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00188571 |
| 31-12-2021 | abbreviated format | 31-05-2022 | 2022-20038858 |
| 31-12-2020 | abbreviated format | 17-08-2021 | 2021-48900543 |
| 31-12-2019 | abbreviated format | 26-10-2020 | 2020-62900043 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-52200093 |
| 31-12-2017 | abbreviated format | 16-08-2018 | 2018-45800534 |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-45700566 |
Similar companies · same sector, comparable size
MENUISERIE A. LONNEUX
BE 0474.977.821
Herve · equity €1,704,407
Dubois Houtskeletbouw
BE 0476.849.822
Lievegem · equity €1,706,493
TIMMERWERKEN JORIS
BE 0866.439.830
Ieper · equity €1,700,781
DE COCK
BE 0477.427.565
Puurs-Sint-Amands · equity €1,700,000
VAN DEN BERGH BOUW
BE 0442.518.057
Essen · equity €1,699,678
Of the 19,854 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,321. 3,151 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.